July 31, 2025
AAPL Recent Price: $212.58 as of 07/31/2025 4:51 PM EDT Apple is a global technology company with an installed base of over 2 billion devices, a market-leading position in smartphones, and a market cap of $3.12 trillion.
Beat Expectations (for both EPS and Revenue). Maintained Guidance (implicitly, with a forward-looking tone on Apple Intelligence). The Company reported $1.57 adjusted EPS on $94.04 billion in revenue, with a 46.5% gross margin. Expectations were for $1.43 EPS on $89.54 billion in revenue. EPS grew by 10% (from $1.43 in Q2 2024), revenue grew by 10% (from $85.5 billion in Q2 2024), and gross margin changed by 0.0% from the year-ago period (46.5% in Q2 2024).
The company guided as follows:
Apple’s CEO, Tim Cook, expressed confidence in the company’s AI-enabling products and services. While no new specific numerical guidance was provided, the company’s forward-looking statements suggest a maintained outlook for continued growth driven by its newest products. Balance Sheet & Cash Flow:
Free Cash Flow: $24.45 billion in Q2 2025. Free Cash Flow Margin: 26%, a 5.1 percentage point decline from 31.1% in the year-ago period. Non financial metrics were:
Installed Base: Over 2 billion devices globally. Products Revenue: $66.61 billion, up 8.2% year-over-year. Services Revenue: $27.42 billion, up 2.3% year-over-year. The most prevalent analyst questions were focused on:
The impact of the new GenAI-powered Apple Intelligence on an iPhone upgrade cycle. Management is optimistic about its effect on demand. Market reaction was: Apple shares reacted positively, with the stock trading up 2.4% immediately after the report.
This report could be indicative for other stocks which:
Alphabet (GOOG): Already reported Q2 2025 on July 23, 2025. Amazon (AMZN): Reported Q2 2025 after market close on Thursday, July 31, 2025. Microsoft (MSFT): Already reported Q2 2025 on July 30, 2025. AMZN Recent Price: $211.83 as of 07/31/2025 4:51 PM EDT Amazon is a global e-commerce and cloud computing leader, with a dominant market share in both online retail and cloud services (AWS), and a market cap of approximately $2.24 trillion.
Beat Expectations (for both EPS and Revenue). Maintained Guidance (for Q3 revenue, with a wide range on operating income). The Stock Price Declined. The Company reported $1.68 diluted EPS on $167.7 billion in revenue, with a 14.2% gross margin (calculated from reported operating income of $19.2 billion on $167.7 billion in revenue). Expectations were for $1.33 EPS on $162.1 billion in revenue. EPS grew by 33% (from $1.26 in Q2 2024), revenue grew by 13% (from $148.0 billion in Q2 2024), and gross margin changed by +3.0% from the year-ago period (11.2% in Q2 2024).
The company guided as follows:
Third quarter 2025 net sales: Expected to be between $174.0 billion and $179.5 billion. This is in line with analyst expectations. Third quarter 2025 operating income: Expected to be between $15.5 billion and $20.5 billion. This wide range indicates a cautious outlook. Balance Sheet & Cash Flow:
Free Cash Flow: $18.2 billion for the trailing twelve months. Capital Expenditures: Not readily available. Non financial metrics were:
AWS Sales: $30.9 billion, a 17.5% increase year-over-year. North America Sales: $100.1 billion, an 11% increase year-over-year. International Sales: $36.8 billion, a 16% increase year-over-year. The company announced expansion of its Same-Day and Next-Day Delivery to tens of millions of U.S. customers in 4,000+ smaller cities and towns by the end of 2025. The most prevalent analyst questions were focused on:
The slower growth in AWS (17.5% YoY) compared to prior quarters. Management attributed this to increased investment in AI and infrastructure. Market reaction was: Amazon shares reacted negatively, declining more than 3% in after-hours trading, despite topping expectations.
This report could be indicative for other stocks which:
Microsoft (MSFT): Already reported Q2 2025 on July 30, 2025. Alphabet (GOOG): Already reported Q2 2025 on July 23, 2025. Shopify (SHOP): Expected to report Q2 2025 earnings in early August 2025 (specific date TBD, likely August 1 or 2), before market open. CMCSA Recent Price: $44.80 as of 07/31/2025 1:00 PM PDT Comcast is a global media and technology company with a dominant market share in broadband and a market cap of approximately $181.7 billion.
Beat Expectations (for both EPS and Revenue). Maintained Guidance (implicitly, with commentary on free cash flow and dividends). The Company reported $1.25 adjusted EPS on $30.31 billion in revenue. Expectations were for $1.16 EPS on $29.69 billion in revenue. EPS grew by 8% (from $1.16 in Q2 2024), revenue grew by 2% (from $29.69 billion in Q2 2024), and gross profit margin was not explicitly stated.
The company guided as follows:
Management maintained a positive outlook, citing strong free cash flow and a healthy balance sheet, suggesting maintained guidance for the remainder of the year. This is in line with previous guidance. Non financial metrics were:
Broadband Subscribers: Declined by 35,000 in Q2. Theme Parks Revenue: Grew by 15% year-over-year. Adjusted Net Income: Grew by 8%. Share Repurchases: The company continued its share repurchase program. The most prevalent analyst questions were focused on:
The decline in broadband subscribers (-35,000) and the impact of price hikes on customer retention. Management noted that pricing actions would take time to reflect in earnings. Market reaction was: Comcast shares reacted positively, with the stock rising slightly after the earnings report.
This report could be indicative for other stocks which:
Charter Communications (CHTR): Already reported Q2 2025 on July 25, 2025. AT&T (T): Already reported Q2 2025 on July 23, 2025. Verizon (VZ): Already reported Q2 2025 on July 22, 2025. EBAY Recent Price: $78.50 as of 07/31/2025 1:00 PM PDT eBay is a global e-commerce and online marketplace company with over 134 million active buyers, and a market cap of approximately $41.2 billion.
Beat Expectations (for both EPS and Revenue). Lowered Guidance (for Q3 revenue, with a cautious tone). The Stock Price Declined. The Company reported $1.37 non-GAAP EPS on $2.73 billion in revenue, with a 71.9% gross profit margin. Expectations were for $1.29 EPS on $2.64 billion in revenue. Non-GAAP EPS grew by 16% (from $1.18 in Q2 2024), revenue grew by 4% (from $2.62 billion in Q2 2024), and gross profit margin changed by +2.1% from the year-ago period (69.8% in Q2 2024).
The company guided as follows:
Third quarter 2025 revenue: Projected to be between $2.69 billion and $2.74 billion. This is lower than previous analyst expectations. The company noted that while its performance was strong, it is facing headwinds from a challenging macroeconomic environment. Balance Sheet & Cash Flow:
Cash & Cash Equivalents: $2.1 billion at Q2 2025 end. Total Debt Outstanding: $7.5 billion at Q2 2025 end. Non financial metrics were:
Gross Merchandise Volume (GMV): Grew by 4% year-over-year. Active Buyers: 134 million, a 1% increase year-over-year. Non-GAAP Operating Income: Grew by 8% to $775 million. The company returned $760 million to shareholders through repurchases and dividends. The most prevalent analyst questions were focused on:
The decline in gross merchandise volume (GMV) and the impact of inflation on consumer spending. Management is focused on driving growth in key categories. Market reaction was: eBay shares reacted negatively, with the stock falling 1.2% in aftermarket trading.
This report could be indicative for other stocks which:
Amazon (AMZN): Already reported Q2 2025 after market close on Thursday, July 31, 2025. Etsy (ETSY): Expected to report Q2 2025 earnings in early August 2025 (specific date TBD), after market close. QCOM Recent Price: $242.00 as of 07/31/2025 4:51 PM EDT Qualcomm is a leading global semiconductor company, with a dominant market share in smartphone chipsets and a market cap of approximately $243.6 billion.
Beat Expectations (for both EPS and Revenue). Raised Guidance (for Q3 revenue and EPS). The Company reported $2.85 non-GAAP EPS on $11.0 billion in revenue, with a 47.5% gross margin. Expectations were for $2.78 EPS on $10.7 billion in revenue. Non-GAAP EPS grew by 10% (from $2.59 in Q2 2024), revenue grew by 5% (from $10.5 billion in Q2 2024), and gross margin changed by +2.3% from the year-ago period (45.2% in Q2 2024).
The company guided as follows:
Third quarter 2025 revenue: Expected to be between $11.5 billion and $12.5 billion. This is higher than previous analyst expectations. Third quarter 2025 non-GAAP EPS: Expected to be between $2.85 and $3.05. This is higher than previous analyst expectations. Balance Sheet & Cash Flow:
Cash & Cash Equivalents: $10.5 billion at Q2 2025 end. Total Debt Outstanding: $14.8 billion at Q2 2025 end Non financial metrics were:
QCT Revenue: $9.3 billion, a 3% increase year-over-year. QTL Revenue: $1.6 billion, a 10% increase year-over-year. Automotive Revenue: $600 million, a 30% increase year-over-year. The company noted that its new Snapdragon 8 Gen 4 chip is seeing strong demand from smartphone manufacturers. The most prevalent analyst questions were focused on:
The outlook for smartphone demand and the company's competitive position in the high-end market. Management noted that demand is strong, with its new chips performing well. Market reaction was: Qualcomm shares reacted positively, with the stock rising 5.5% in after-hours trading.
This report could be indicative for other stocks which:
NVIDIA (NVDA): Expected to report Q2 2025 (fiscal) earnings in late August 2025 (specific date TBD), after market close. Intel (INTC): Already reported Q2 2025 on July 30, 2025. Broadcom (AVGO): Expected to report Q3 2025 (fiscal) earnings in early September 2025 (specific date TBD), after market close. ARM Recent Price: $136.65 as of 07/31/2025 10:54 AM EDT Arm Holdings is a global semiconductor company that designs and licenses processor architectures, with an estimated 30% market share in the CPU core market, and a market cap of approximately $142.1 billion.
Met Expectations (for EPS) and Missed Expectations (for Revenue). Lowered Guidance (for Q3 revenue and EPS). The Stock Price Declined. The Company reported $0.35 adjusted EPS on $1.05 billion in revenue, with a 40.7% gross margin. Expectations were for $0.35 EPS on $1.06 billion in revenue. Adjusted EPS grew by 6% (from $0.33 in Q2 2024), revenue grew by 12% (from $940 million in Q2 2024), and gross margin changed by -1.0% from the year-ago period (41.7% in Q2 2024).
The company guided as follows:
Third quarter 2025 revenue: Expected to be between $1.0 billion and $1.1 billion. This is lower than previous analyst expectations. Third quarter 2025 adjusted EPS: Expected to be between $0.32 and $0.36. This is lower than previous analyst expectations. Balance Sheet & Cash Flow:
Cash & Cash Equivalents: $1.5 billion at Q2 2025 end. Total Debt Outstanding: Not readily available. Non financial metrics were:
Royalty Revenue: $585 million, a 25% increase year-over-year. Licensing Revenue: $468 million, a 1% decrease year-over-year. Annual Contract Value (ACV) for license revenue: Grew by 28% to $1.53 billion. R&D Spending: $650 million, a 34% increase year-over-year. The most prevalent analyst questions were focused on:
The decline in licensing revenue (-1%) and the impact of increased R&D spending on margins. Management noted that the decline was due to a large licensing agreement in the year-ago quarter. Market reaction was: Arm Holdings shares reacted negatively, with the stock sliding 11.7% in after-hours trading.
This report could be indicative for other stocks which:
NVIDIA (NVDA): Expected to report Q2 2025 (fiscal) earnings in late August 2025 (specific date TBD), after market close. Qualcomm (QCOM): Already reported Q2 2025 after market close on July 31, 2025. IP Recent Price: $39.00 as of 07/31/2025 1:00 PM PDT International Paper is a global packaging and paper company, with a strong market position in fiber-based packaging, and a market cap of approximately $12.5 billion.
Met Expectations (for both EPS and Revenue). Maintained Guidance (for full-year sales and EPS). The Stock Price Declined. The Company reported $0.20 adjusted EPS on $4.7 billion in revenue, with a 21.5% gross profit margin. Expectations were for $0.20 EPS on $4.7 billion in revenue. Adjusted EPS grew by 5% (from $0.19 in Q2 2024), revenue decreased by 2% (from $4.8 billion in Q2 2024), and gross profit margin changed by +0.5% from the year-ago period (21% in Q2 2024).
The company guided as follows:
Full-year 2025 adjusted EPS guidance: Maintained between $0.80 and $1.00. This is in line with previous guidance and analyst expectations. The company noted that pricing is expected to remain stable, with volumes showing a modest improvement in the second half of the year. Balance Sheet & Cash Flow:
Total Cash & Equivalents: $4.0 billion at Q2 2025 end. Total Debt Outstanding: Not readily available. Free Cash Flow: Not readily available. Capital Expenditures: Not readily available. Other balance sheet and cash flow metrics are not readily available. Non financial metrics were:
Corrugated Packaging Shipments: Remained flat year-over-year. Industrial Packaging Revenue: $2.5 billion, a 3% decrease year-over-year. Global Cellulose Fibers Revenue: $1.8 billion, a 1% increase year-over-year. The company repurchased $150 million of its shares. The most prevalent analyst questions were focused on:
The outlook for packaging demand and the impact of global trade on volumes. Management noted that while demand remains soft, it is seeing signs of improvement in key markets. Market reaction was: International Paper shares reacted negatively, with the stock dropping 2.1% in pre-market trading.
This report could be indicative for other stocks which:
WestRock (WRK): Expected to report Q3 2025 (fiscal) earnings in early August 2025 (specific date TBD), before market open. Packaging Corporation of America (PKG): Expected to report Q2 2025 earnings in early August 2025 (specific date TBD), after market close. CHRW Recent Price: $102.50 as of 08/01/2025 11:10 AM PDT C.H. Robinson Worldwide is a global logistics and freight transportation company, a leader in the North American truckload market, and a market cap of approximately $12.1 billion.
Beat Expectations (for both EPS and Revenue). Maintained Guidance (implicitly, with commentary on market share and profitability). The Company reported $1.27 diluted EPS on $4.14 billion in revenue, with a 24% gross profit margin. Expectations were for $1.18 EPS on $4.05 billion in revenue. Diluted EPS grew by 10% (from $1.15 in Q2 2024), revenue declined by 11% (from $4.65 billion in Q2 2024), and gross profit margin changed by +1.2% from the year-ago period (22.8% in Q2 2024).
The company guided as follows:
Management maintained a positive outlook for market share gains and profitability, suggesting maintained guidance for the full year. This is in line with previous guidance. Balance Sheet & Cash Flow:
Cash & Cash Equivalents: $421 million at Q2 2025 end. Non financial metrics were:
Net Income: $152.47 million, a 10% increase year-over-year. Shares Repurchased: 919,000 shares for $85.8 million in the past quarter. Truckload Volumes: Declined by 5% year-over-year. LTL Volume: Grew by 2% year-over-year. The most prevalent analyst questions were focused on:
The decline in truckload volumes (-5%) and the growth in LTL. Management noted that the LTL market is more stable and that the company is gaining market share in both segments. Market reaction was: C.H. Robinson Worldwide shares reacted positively, with the stock rising 11.8% after the earnings report.
This report could be indicative for other stocks which:
Expeditors International (EXPD): Expected to report Q2 2025 earnings in early August 2025 (specific date TBD), before market open. C.H. Robinson Worldwide (CHRW): Already reported Q2 2025 on July 31, 2025. MA Recent Price: $545.00 as of 07/31/2025 1:00 PM PDT Mastercard is a global payments technology company, a leader in the payments industry, with an estimated 30% market share in card payments, and a market cap of approximately $527.1 billion.
Beat Expectations (for both EPS and Revenue). Raised Guidance (for full-year revenue and EPS). The Company reported $4.15 adjusted EPS on $8.1 billion in net revenue, with a 76% gross profit margin. Expectations were for $4.05 EPS on $7.9 billion in revenue. Adjusted EPS grew by 15% (from $3.61 in Q2 2024), revenue grew by 17% (from $6.92 billion in Q2 2024), and gross profit margin changed by +0.1% from the year-ago period (75.9% in Q2 2024).
The company guided as follows:
Full-year 2025 revenue guidance: Raised to $33.0 billion to $33.5 billion. This is higher than previous guidance and above analyst expectations. Full-year 2025 adjusted EPS guidance: Raised to $17.00 to $17.50. This is higher than previous guidance and above analyst expectations. Balance Sheet & Cash Flow:
Cash & Cash Equivalents: $10.5 billion at Q2 2025 end. Total Debt Outstanding: $12.9 billion at Q2 2025 end. Non financial metrics were:
Gross Dollar Volume (GDV): Grew by 9% to $2.6 trillion. Cross-Border Volume: Grew by 15%. Switched Transactions: Grew by 10%. Value-Added Services and Solutions Revenue: Grew by 23%. The company repurchased 4.2 million shares for $2.3 billion. The most prevalent analyst questions were focused on:
The sustainability of cross-border volume growth and the impact of the strong U.S. dollar. Management noted that cross-border travel continues to be strong. Market reaction was: Mastercard shares reacted positively, with the stock rising 2.1% after the earnings report.
This report could be indicative for other stocks which:
Visa (V): Already reported Q2 2025 on July 31, 2025. PayPal (PYPL): Reported Q2 2025 after market close on Wednesday, July 31, 2025. BMY Recent Price: $44.20 as of 07/31/2025 1:00 PM PDT Bristol-Myers Squibb is a global pharmaceutical company, a leader in oncology and immunology, with a market cap of approximately $88.5 billion.
Beat Expectations (for both EPS and Revenue). Raised Guidance (for full-year sales) but Lowered Guidance (for non-GAAP EPS). The Stock Price Declined. The Company reported $1.46 non-GAAP EPS on $12.3 billion in revenue, with a 72.5% gross profit margin. Expectations were for $1.35 EPS on $12.1 billion in revenue. Non-GAAP EPS grew by 8% (from $1.35 in Q2 2024), revenue grew by 1% (from $12.2 billion in Q2 2024), and gross profit margin changed by -0.7% from the year-ago period (73.2% in Q2 2024).
The company guided as follows:
Full-year 2025 revenue guidance: Raised to $46.5 billion to $47.5 billion. This is higher than previous guidance and above analyst expectations. Full-year 2025 non-GAAP EPS guidance: Lowered to $6.35 to $6.65. This is a lowered outlook from previous guidance due to a one-time charge related to a BioNTech partnership. Balance Sheet & Cash Flow:
Cash & Cash Equivalents: $8.0 billion at Q2 2025 end. Total Debt Outstanding: Not readily available. Free Cash Flow: Not readily available. Capital Expenditures: Not readily available. Other balance sheet and cash flow metrics are not readily available. Non financial metrics were:
Growth Portfolio Revenue: $6.6 billion, an 18% increase year-over-year. Legacy Portfolio Revenue: $5.7 billion, a 14% decrease year-over-year. The company announced a one-time charge of $1.5 billion related to a partnership with BioNTech. The most prevalent analyst questions were focused on:
The decline in non-GAAP EPS guidance despite the revenue beat. Management noted that the decline was due to the $1.5 billion one-time charge for a BioNTech partnership. Market reaction was: Bristol-Myers Squibb shares reacted negatively, with the stock dropping 2.5% in pre-market trading.
This report could be indicative for other stocks which:
Merck (MRK): Already reported Q2 2025 on July 31, 2025. Pfizer (PFE): Expected to report Q2 2025 earnings before market open on Tuesday, August 5, 2025. ALGN Recent Price: $129.00 as of 07/31/2025 1:00 PM PDT Align Technology is a global medical device company, a leader in the clear aligner market with its Invisalign system, and a market cap of approximately $9.6 billion.
Missed Expectations (for EPS) and Met Expectations (for Revenue). Lowered Guidance (for Q3 revenue and full-year revenue). The Stock Price Declined. The Company reported $2.49 non-GAAP EPS on $1.01 billion in revenue, with a 71.3% gross profit margin. Expectations were for $2.57 EPS on $1.01 billion in revenue. Non-GAAP EPS grew by 5% (from $2.37 in Q2 2024), revenue declined by 2% (from $1.03 billion in Q2 2024), and gross profit margin changed by -0.8% from the year-ago period (72.1% in Q2 2024).
The company guided as follows:
Third quarter 2025 revenue: Expected to be between $1.0 billion and $1.05 billion. This is lower than previous analyst expectations. Full-year 2025 revenue guidance: Lowered to $4.0 billion to $4.1 billion (from $4.2 billion to $4.3 billion). This is a lowered outlook from previous guidance. Balance Sheet & Cash Flow:
Cash & Cash Equivalents: $901.2 million at Q2 2025 end. Total Debt Outstanding: Not readily available. Free Cash Flow: Not readily available. Capital Expenditures: Not readily available. Other balance sheet and cash flow metrics are not readily available. Non financial metrics were:
Invisalign Clear Aligner Volume: 644,400 cases, a 1% increase year-over-year. Imaging Systems and CAD/CAM Services Revenue: Grew by 6% year-over-year. The company announced a restructuring plan with a $150-$170 million one-time charge in the second half of 2025. The company announced a new $1.0 billion stock repurchase plan. The most prevalent analyst questions were focused on:
The decline in clear aligner revenue (-3.3% YoY) and the impact of the restructuring plan. Management noted that the restructuring is necessary to improve long-term growth and profitability. Market reaction was: Align Technology shares reacted negatively, with the stock plunging 36.6% in pre-market trading.
This report could be indicative for other stocks which:
Dentsply Sirona (XRAY): Expected to report Q2 2025 earnings in early August 2025 (specific date TBD), before market open. Envista Holdings (NVST): Expected to report Q2 2025 earnings in early August 2025 (specific date TBD), after market close. BAX Recent Price: $44.20 as of 07/31/2025 1:00 PM PDT Baxter International is a global medical products company, a leader in acute and renal care, and a market cap of approximately $12.5 billion.
Missed Expectations (for both EPS and Revenue). Lowered Guidance (for full-year EPS). The Stock Price Declined. The Company reported $0.59 adjusted EPS on $2.81 billion in revenue, with a 40.7% adjusted gross margin. Expectations were for $0.60 EPS on $2.82 billion in revenue. Adjusted EPS grew by 28% (from $0.46 in Q2 2024), revenue grew by 4% (from $2.7 billion in Q2 2024), and adjusted gross margin changed by -1.7% from the year-ago period (42.4% in Q2 2024).
The company guided as follows:
Full-year 2025 adjusted EPS guidance: Lowered to $2.45 to $2.55 (from $2.55 to $2.65). This is a lowered outlook from previous guidance. Full-year 2025 revenue guidance: Maintained at $11.3 billion to $11.5 billion. This is in line with previous guidance. Balance Sheet & Cash Flow:
Cash & Cash Equivalents: $1.8 billion at Q2 2025 end. Total Debt Outstanding: Not readily available. Free Cash Flow: Not readily available. Capital Expenditures: Not readily available. Other balance sheet and cash flow metrics are not readily available. Non financial metrics were:
Advanced Surgery Revenue: Grew by 7% year-over-year. Pharmaceuticals Revenue: Grew by 2% year-over-year. Infusion Therapies & Technologies Revenue: Declined by 2% year-over-year. The most prevalent analyst questions were focused on:
The decline in adjusted gross margin (-1.7%) and the impact of inflation on operational costs. Management noted that inflationary pressures are expected to continue in the second half of the year. Market reaction was: Baxter International shares reacted negatively, with the stock dropping 1.9% in pre-market trading.
This report could be indicative for other stocks which:
Medtronic (MDT): Expected to report Q1 2026 (fiscal) earnings in mid-August 2025 (specific date TBD), before market open. Becton, Dickinson and Company (BDX): Expected to report Q3 2025 (fiscal) earnings in early August 2025 (specific date TBD), before market open. F Recent Price: $11.20 as of 07/31/2025 4:51 PM EDT Ford Motor is a leading global automotive company, a major player in the truck and SUV markets, and a market cap of approximately $45.1 billion.
Beat Expectations (for EPS) and Met Expectations (for Revenue). Raised Guidance (implicitly, with an upward revision to full-year adjusted EBIT and free cash flow). The Stock Price Declined. The Company reported $0.37 adjusted EPS on $50.2 billion in revenue, with a 4.3% adjusted EBIT margin. Expectations were for $0.31 EPS on $50.2 billion in revenue. Adjusted EPS grew by 7% (from $0.35 in Q2 2024), revenue grew by 5% (from $47.8 billion in Q2 2024), and adjusted EBIT margin changed by -1.5% from the year-ago period (5.8% in Q2 2024).
The company guided as follows:
Full-year 2025 adjusted EBIT guidance: Raised to $6.5 billion to $7.5 billion (from a previously withdrawn range of $7.0 billion to $8.5 billion). This is a reinstated but cautious outlook. Full-year 2025 adjusted free cash flow guidance: Reinstated at $3.5 billion to $4.5 billion. The company noted a net tariff-related headwind of $2.0 billion. Balance Sheet & Cash Flow:
Cash & Cash Equivalents: $28.4 billion at Q2 2025 end. Total Debt Outstanding: Not readily available. Free Cash Flow: $2.8 billion at Q2 2025 end. Capital Expenditures: $9.0 billion for the full year. Non financial metrics were:
Ford Pro EBIT: $2.3 billion, with a 12.3% margin. Ford Pro paid subscriptions: Grew by 24% to 757,000. Software and physical services: Contributed 17% of Ford Pro's EBIT on a trailing 12-month basis. The most prevalent analyst questions were focused on:
The impact of tariffs ($2.0 billion headwind) on profitability. Management noted that they are implementing recovery actions to offset some of the impact. Market reaction was: Ford shares reacted negatively, with the stock dropping 4.2% in after-hours trading.
This report could be indicative for other stocks which:
General Motors (GM): Already reported Q2 2025 on July 22, 2025. Tesla (TSLA): Already reported Q2 2025 on July 23, 2025. PYPL Recent Price: $65.80 as of 07/31/2025 4:51 PM EDT PayPal Holdings is a global digital payments company, a leader in online payment solutions, with a dominant market share in online checkout and a market cap of approximately $71.6 billion.
Beat Expectations (for both EPS and Revenue). Raised Guidance (for full-year transaction margin dollars and EPS) but Lowered Guidance (for Q3 revenue). The Stock Price Declined. The Company reported $1.40 non-GAAP EPS on $7.7 billion in revenue, with a 60.3% gross profit margin. Expectations were for $1.35 EPS on $7.6 billion in revenue. Non-GAAP EPS grew by 5% (from $1.33 in Q2 2024), revenue grew by 5% (from $7.3 billion in Q2 2024), and gross profit margin changed by -1.0% from the year-ago period (61.3% in Q2 2024).
The company guided as follows:
Full-year 2025 non-GAAP EPS guidance: Raised to $5.45 to $5.55 (from $5.35 to $5.45). This is higher than previous guidance and above analyst expectations. Third quarter 2025 revenue: Expected to grow by 5%, which is lower than previous analyst expectations. Balance Sheet & Cash Flow:
Cash & Cash Equivalents: $13.5 billion at Q2 2025 end. Total Debt Outstanding: $10.5 billion at Q2 2025 end. Non financial metrics were:
Total Payment Volume (TPV): Grew by 10% to $460 billion. Payment Transactions: Declined by 5% year-over-year. Active Accounts: 425 million, a 2% increase year-over-year. The most prevalent analyst questions were focused on:
The decline in payment transactions (-5%) and the slowdown in growth. Management noted that the decline was due to the macroeconomic environment and a shift in consumer behavior. Market reaction was: PayPal Holdings shares reacted negatively, with the stock dropping 2.4% in aftermarket trading.
This report could be indicative for other stocks which:
Visa (V): Already reported Q2 2025 after market close on July 31, 2025. Mastercard (MA): Already reported Q2 2025 on July 31, 2025. COIN Recent Price: $118.00 as of 07/31/2025 4:51 PM EDT Coinbase Global is a leading cryptocurrency exchange and trading platform, a major player in the cryptocurrency market, and a market cap of approximately $28.9 billion.
Beat Expectations (for EPS) and Missed Expectations (for Revenue). Maintained Guidance (implicitly, with commentary on market share). The Company reported $5.14 diluted EPS on $1.5 billion in revenue, with a 65% gross profit margin. Expectations were for $1.25 EPS on $1.52 billion in revenue. Diluted EPS grew significantly (from a loss of $1.50 in Q2 2024), revenue grew by 25% (from $1.2 billion in Q2 2024), and gross profit margin changed by +5.0% from the year-ago period (60% in Q2 2024).
The company guided as follows:
Management maintained a positive outlook, citing a focus on innovation and strong market share gains. This suggests maintained guidance for the full year. Balance Sheet & Cash Flow:
Cash & Cash Equivalents: $4.0 billion at Q2 2025 end. Total Debt Outstanding: Not readily available. Non financial metrics were:
Trading Volume: $160 billion, a 30% increase year-over-year. Verified Users: 110 million, a 10% increase year-over-year. Transaction Revenue: $1.3 billion, a 20% increase year-over-year. The most prevalent analyst questions were focused on:
The impact of crypto market volatility on trading volumes. Management noted that while the market is volatile, the company is gaining market share. Market reaction was: Coinbase Global shares reacted positively, with the stock rising 5.2% in after-hours trading.
This report could be indicative for other stocks which:
Robinhood Markets (HOOD): Already reported Q2 2025 on July 30, 2025. SYK Recent Price: $400.41 as of 07/31/2025 1:00 PM PDT Stryker Corporation is a global medical technology company, a leader in orthopedic and medical devices, with a dominant market share in medical devices, and a market cap of approximately $150 billion.
Beat Expectations (for both EPS and Revenue). Raised Guidance (for full-year revenue and EPS). The Stock Price Declined. The Company reported $3.13 adjusted EPS on $6.02 billion in revenue, with a 65.4% gross profit margin. Expectations were for $3.07 EPS on $5.94 billion in revenue. Adjusted EPS grew by 11% (from $2.82 in Q2 2024), revenue grew by 10% (from $5.47 billion in Q2 2024), and gross profit margin changed by +1.2% from the year-ago period (64.2% in Q2 2024).
The company guided as follows:
Full-year 2025 revenue growth: Raised to 9.5% to 10% (from 8% to 9%). This is higher than previous guidance and above analyst expectations. Full-year 2025 adjusted EPS guidance: Raised to $12.50 to $12.70 (from $12.20 to $12.40). This is higher than previous guidance and above analyst expectations. Balance Sheet & Cash Flow:
Cash & Cash Equivalents: $1.8 billion at Q2 2025 end. Total Debt Outstanding: Not readily available. Free Cash Flow: Not readily available. Capital Expenditures: Not readily available. Other balance sheet and cash flow metrics are not readily available. Non financial metrics were:
Organic Sales Growth: 10.2% year-over-year. U.S. Organic Sales: Grew by 12%. International Organic Sales: Grew by 8%. MedSurg Revenue: Grew by 11%. Orthopedics Revenue: Grew by 9%. The company repurchased $500 million of its shares. The most prevalent analyst questions were focused on:
The sustainability of organic sales growth and the impact of inflation on operational costs. Management noted that demand remains strong and that the company is managing costs effectively. Market reaction was: Stryker Corporation shares reacted negatively, with the stock dropping 1.9% in pre-market trading.
This report could be indicative for other stocks which:
Intuitive Surgical (ISRG): Already reported Q2 2025 on July 29, 2025. Medtronic (MDT): Expected to report Q1 2026 (fiscal) earnings in mid-August 2025 (specific date TBD), before market open. Zimmer Biomet Holdings (ZBH): Expected to report Q2 2025 earnings in early August 2025 (specific date TBD), before market open. July 30, 2025
MSFT Recent Price: $535.61 as of 07/31/2025 11:18 AM PDT Microsoft is a global technology corporation that leads in enterprise software, with an estimated 72.2% of the global desktop OS market, a dominant market share in enterprise software, and a market cap of over $4.0 trillion.
Beat Expectations (for both EPS and Revenue). Maintained Guidance (with balanced tone for future outlook). The Company reported $3.65 adjusted EPS on $76.4 billion in revenue, with a 43.3% gross profit margin. Expectations were for $3.38 EPS on $73.84 billion in revenue. Adjusted EPS grew by 24% (from $2.94 in Q2 2024), revenue grew by 18% (from $64.75 billion in Q2 2024), and gross profit margin changed by +2.7% from the year-ago period (40.6% in Q2 2024).
The company guided as follows:
Microsoft's management provided a balanced tone in its guidance. The company plans to increase capital spending to $30 billion for the upcoming quarter (fiscal Q1 2026), a significant increase from $24.2 billion spent in Q4 FY25. This reflects a continued investment in AI infrastructure. Balance Sheet & Cash Flow:
Total Cash & Equivalents: Not readily available for Q2 2025. Total Debt Outstanding: Not readily available for Q2 2025. Free Cash Flow: $13.3 billion in Q2 2025. Change from Q2 2024: The company's free cash flow experienced a 29% drop year-over-year. Book Value Per Share: Not readily available for Q2 2025. Net Cash Per Share (Total Cash less Debt Per Share): Not readily available for Q2 2025. Non financial metrics were:
AI Business Annual Revenue Run Rate: Exceeded $13 billion, a 175% increase year-over-year. Azure & Cloud Services Revenue: 31% increase year-over-year. Commercial Cloud Backlog: $298 billion, a 34% increase year-over-year. Headcount: 75,945 as of June 30, 2025, a 7% increase year-over-year. The drop in free cash flow was a strategic trade-off for heavy AI data center investments - positive tone. The most prevalent analyst questions were focused on:
The significant 29% decline in free cash flow. Management explained it was a strategic trade-off for heavy AI data center investments, which are deemed essential for long-term AI leadership. Market reaction was: Microsoft shares reacted positively, jumping 8% in after-hours trading, and the stock price continued to rise, pushing its market cap above $4 trillion.
This report could be indicative for other stocks which:
Alphabet (GOOG): Already reported Q2 2025 on July 23, 2025. Google Cloud's annual revenue run rate surpassed $50 billion. NVIDIA (NVDA): Expected to report Q2 2025 (fiscal) earnings in late August 2025 (specific date TBD, likely around August 27, 2025), after market close. Amazon (AMZN): Expected to report Q2 2025 earnings after market close on Thursday, August 1, 2025. META Recent Price: $775.85 as of 07/31/2025 11:10 AM PDT Meta Platforms is a social media platform with approximately 3.48 billion daily active users across its family of apps, a dominant market share in social networking, and a market cap of approximately $1.16 trillion.
Beat Expectations (for both EPS and Revenue). Raised Guidance (for Q3 revenue and narrowed full-year expense and capital expenditure ranges). The Company reported $7.14 EPS on $47.5 billion in revenue, with a 43% operating margin. Expectations were for $5.88-5.92 EPS on $44.8 billion in revenue. EPS grew by 38% (from $5.16 in Q2 2024), revenue grew by 22% (from $39.07 billion in Q2 2024), and operating margin changed by +5.0% from the year-ago period (38% in Q2 2024).
The company guided as follows:
Third quarter 2025 total revenue: Expected in the range of $47.5-$50.5 billion. This is higher than previous guidance and above analyst expectations. Full-year 2025 total expenses: Expected to be in the range of $114-118 billion, narrowed from the prior outlook of $113-$118 billion. This is in line with or a slight adjustment to previous guidance. Full-year 2025 capital expenditures: Expected in the range of $66-72 billion, narrowed from the prior outlook of $64-$72 billion. This is a slight increase from the midpoint of previous guidance. Balance Sheet & Cash Flow:
Total Cash & Equivalents: Not readily available for Q2 2025. Total Debt Outstanding: Not readily available for Q2 2025. Free Cash Flow: $8.55 billion in Q2 2025. Change from Q1 2025: -$1.78 billion (from $10.33 billion). Change from Q2 2024: Not readily available. Book Value Per Share: Not readily available for Q2 2025. Net Cash Per Share (Total Cash less Debt Per Share): Not readily available for Q2 2025. Non financial metrics were:
Family Daily Active People (DAP): 3.48 billion in June 2025, a 6% increase year-over-year. Ad Impressions: Increased by 11% year-over-year. Average Price per Ad: Decreased by 9% year-over-year. Headcount: 75,945 as of June 30, 2025, a 7% increase year-over-year. Management expects another year of similarly significant capital expenditures dollar growth in 2026 for AI infrastructure - positive tone. The most prevalent analyst questions were focused on:
The significant capital expenditures for AI infrastructure and Reality Labs. Management expects another year of similarly significant capex dollar growth in 2026. Market reaction was: Meta shares reacted positively, jumping over 11% after the announcement.
This report could be indicative for other stocks which:
Alphabet (GOOG): Already reported Q2 2025 on July 23, 2025. Google Cloud's annual revenue run rate surpassed $50 billion. NVIDIA (NVDA): Expected to report Q2 2025 (fiscal) earnings in late August 2025 (specific date TBD, likely around August 27, 2025), after market close. Amazon (AMZN): Expected to report Q2 2025 earnings after market close on Thursday, August 1, 2025. NEU Recent Price: $540.00 as of 07/31/2025 11:00 AM PDT NewMarket Corporation is a specialty chemicals company and a leading global supplier of petroleum additives, with 12.3% global market share and a market cap of approximately $5.11 billion.
Beat Expectations (for both EPS and Revenue). Maintained Guidance (implicitly, no change to full-year outlook). The Company reported $11.84 EPS on $698.5 million in revenue. Expectations were for $11.60 EPS on $696.5 million in revenue. EPS grew by 1.8% (from $11.63 in Q2 2024), revenue decreased by 1.6% (from $710.2 million in Q2 2024), and gross profit margin was not explicitly stated.
The company guided as follows:
Management provided no specific new numerical guidance for the full year but cited a focus on operational execution and strong cash flows. This indicates that guidance is maintained or implicitly reaffirmed, which is in line with previous guidance. Balance Sheet & Cash Flow:
Total Cash & Equivalents: $45.4 million ($4.82 per share) at Q2 2025 end. Change from Q1 2025: -$164.2 million (-$17.43 per share) (from $209.6 million or $22.25 per share). Change from Q2 2024: Not readily available. Total Debt Outstanding: Not readily available for Q2 2025. Free Cash Flow: Not readily available for Q2 2025. Book Value Per Share: $209.05 per share at Q2 2025 end. Change from Q1 2025: +$2.25 per share (from $206.80 per share). Change from Q2 2024: Not readily available. Net Cash Per Share (Total Cash less Debt Per Share): Not readily available for Q2 2025. Non financial metrics were:
Petroleum Additives Shipments: Declined by 2.5% between quarterly periods. Petroleum Additives Sales: $653.9 million, a 2.4% decline year-over-year. Specialty Materials Sales: $42.0 million, a 10.6% increase year-over-year. Net Debt to EBITDA Ratio: 1.0x as of June 30, 2025. Stock Repurchases: $20.2 million in Q2 2025. The most prevalent analyst questions were focused on:
The decline in petroleum additives shipments (-2.5%) and the impact of technology investments on operating profit. Management attributed the decline to lubricant additives shipments. Market reaction was: NewMarket Corporation shares reacted positively, with the stock rising after the earnings report.
This report could be indicative for other stocks which:
Phillips 66 (PSX): Expected to report Q2 2025 earnings before market open on Thursday, August 1, 2025. HOOD Recent Price: $34.50 as of 07/31/2025 11:00 AM PDT Robinhood Markets is an American financial services company that offers commission-free trades of stocks, ETFs, and cryptocurrencies, with 26.5 million funded accounts and a market cap of approximately $37.03 billion.
Beat Expectations (for both EPS and Revenue). Maintained Guidance (for full-year adjusted operating expenses and share-based compensation). The Company reported $0.42 diluted EPS on $989 million in revenue, with a 55.5% adjusted EBITDA margin. Expectations were for $0.31 EPS on $908 million in revenue. EPS grew by 100% (from $0.21 in Q2 2024), revenue grew by 45% (from $682 million in Q2 2024), and adjusted EBITDA margin changed by +9.8% from the year-ago period (45.7% in Q2 2024).
The company guided as follows:
Full-year adjusted operating expenses and share-based compensation: Reaffirmed to be in the range of $2.15 billion to $2.25 billion. This is in line with previous guidance and analyst expectations. Management expects $6 billion in Net Deposits for July, giving the third quarter "a great start" - positive tone. Balance Sheet & Cash Flow:
Total Assets: $41.6 billion ($160.77 per share) at Q2 2025 end. Change from Q1 2025: +$0.5 billion (+$1.93 per share) (from $41.1 billion or $158.84 per share). Total Liabilities: Not readily available for Q2 2025. Total Cash & Equivalents: $4.16 billion ($16.08 per share) at June 30, 2025. Change from Q1 2025: -$0.17 billion (-$0.65 per share) (from $4.33 billion or $16.73 per share). Change from Q2 2024: Not readily available. Free Cash Flow: Not readily available for Q2 2025. Book Value Per Share: $16.08 per share at Q2 2025 end. Change from Q1 2025: -$0.66 per share (from $16.74 per share). Change from Q2 2024: Not readily available. Net Cash Per Share (Total Cash less Debt Per Share): Not readily available for Q2 2025. Non financial metrics were:
Funded Accounts: 26.5 million, a 10% increase year-over-year. Robinhood Gold Subscribers: 3.5 million, a 76% increase year-over-year. Average Revenue Per User (ARPU): $151, a 34% increase year-over-year. Total Platform Assets: $279 billion, a 99% increase year-over-year. Net Deposits: $13.8 billion, an annualized growth rate of 25%. Equity Notional Trading Volumes: Increased 112% year-over-year. The most prevalent analyst questions were focused on:
The outlook for Net Deposits in the third quarter. Management stated that $6 billion flowed in during July, giving the third quarter "a great start." Market reaction was: Robinhood shares reacted positively, with the stock rising about 4% in late trading.
This report could be indicative for other stocks which:
Coinbase (COIN): Expected to report Q2 2025 earnings in early August 2025 (specific date TBD), after market close. SoFi Technologies (SOFI): Expected to report Q2 2025 earnings in early August 2025 (specific date TBD), after market close. CVS Recent Price: $64.55 as of 07/31/2025 11:00 AM PDT CVS Health is a leading American healthcare company, a major player in pharmacy services, with approximately 27.8% retail pharmacy script share and a market cap of approximately $75.4 billion.
Beat Expectations (for Revenue) and Met Expectations (for Adjusted EPS) but Missed Expectations (for GAAP EPS). Raised Guidance (for Adjusted EPS and cash flow from operations) but Lowered Guidance (for GAAP EPS). The Company reported $0.80 GAAP diluted EPS on $98.9 billion in revenue, with a 3.8% operating margin. Expectations were for $1.81 adjusted EPS on $98.8 billion in revenue. GAAP diluted EPS decreased by 43.3% (from $1.41 in Q2 2024), revenue grew by 8.4% (from $91.23 billion in Q2 2024), and operating margin changed by -1.0% from the year-ago period (4.8% in Q2 2024).
The company guided as follows:
Full-year 2025 Adjusted EPS guidance: Raised to $6.30 to $6.40 (from $6.00 to $6.20). This is higher than previous guidance and above analyst expectations. Full-year 2025 GAAP diluted EPS guidance: Revised to $3.84 to $3.94 (from $4.23 to $4.43). This is a lowered outlook from previous guidance. Full-year 2025 cash flow from operations guidance: Raised to at least $7.5 billion (from approximately $7.0 billion). This is higher than previous guidance. Balance Sheet & Cash Flow:
Total Cash & Equivalents: Not readily available for Q2 2025. Total Debt Outstanding: Not readily available for Q2 2025. Free Cash Flow: Not readily available for Q2 2025. Cash Flow from Operations (YTD): $6.5 billion as of June 30, 2025. Book Value Per Share: Not readily available for Q2 2025. Net Cash Per Share (Total Cash less Debt Per Share): Not readily available for Q2 2025. Non financial metrics were:
Pharmacy claims processed: 469.0 million, a 0.5% decrease year-over-year. Medical membership: 26.7 million, a 1.1% decrease year-over-year. Retail pharmacy script share: Reached approximately 27.8% in Q2. The company agreed to acquire certain Rite Aid prescription files and stores - positive tone. The most prevalent analyst questions were focused on:
The divergence between GAAP EPS (miss) and adjusted EPS (beat). Management explained the GAAP decline was due to $833 million in litigation charges related to past business practices. Market reaction was: CVS Health shares reacted positively, with the stock rising 5.22% in pre-market trading.
This report could be indicative for other stocks which:
Cigna Group (CI): Expected to report Q2 2025 earnings in early August 2025 (specific date TBD), before market open. Rite Aid (RAD): The acquisition of assets from Rite Aid by CVS is a key indicator of market consolidation. SPGI Recent Price: $380.00 as of 07/31/2025 11:00 AM PDT S&P Global is a global financial information and analytics company, a leader in credit ratings and financial market data, with approximately 40% market share in credit ratings and a market cap of approximately $131.7 billion.
Beat Expectations (for both EPS and Revenue). Raised Guidance (for full-year sales and adjusted EPS) but Lowered Guidance (for GAAP EPS). The Company reported $3.50 diluted EPS on $3.755 billion in revenue, with a 42.9% gross profit margin. Expectations were for $3.32 EPS on $3.66 billion in revenue. Diluted EPS grew by 9% (from $3.20 in Q2 2024), revenue grew by 6% (from $3.54 billion in Q2 2024), and gross profit margin changed by +0.1% from the year-ago period (42.8% in Q2 2024).
The company guided as follows:
Full-year 2025 revenue growth: Raised to a range of 5% to 7% (from 4% to 6%). This is higher than previous guidance and above analyst expectations. Full-year 2025 GAAP diluted EPS guidance: Lowered to $14.35 to $14.60 (from $14.60 to $15.10). This is a lowered outlook from previous guidance. Full-year 2025 adjusted diluted EPS guidance: Raised to $17.00 to $17.25 (from $16.75 to $17.25). This is higher than previous guidance at the low end and in line with analyst expectations. Full-year 2025 adjusted free cash flow: Maintained at $5.6 billion to $5.8 billion. This is in line with previous guidance. Balance Sheet & Cash Flow:
Other balance sheet and cash flow metrics are not readily available. Non financial metrics were:
S&P Dow Jones Indices Revenue: $446 million, a 15% increase year-over-year. S&P Global Mobility Revenue: $438 million, a 10% increase year-over-year. Subscription Revenue: Increased by 7% year-over-year. Total Share Repurchases: Up to $1.3 billion through accelerated share repurchases. The company plans a planned separation of its Mobility division - positive tone. The most prevalent analyst questions were focused on:
The drivers of growth in the Ratings segment and the outlook for debt issuance. Management cited strong demand in debt capital markets. Market reaction was: S&P Global shares reacted positively, with the stock rising after the earnings report.
This report could be indicative for other stocks which:
Moody's (MCO): Expected to report Q2 2025 earnings in late July 2025 (specific date TBD, likely July 31), before market open. MSCI (MSCI): Already reported Q2 2025 on July 22, 2025. TER Recent Price: $112.50 as of 07/31/2025 11:00 AM PDT Teradyne is a leading supplier of automatic test equipment with approximately 49% market share in the semiconductor test market and a market cap of approximately $19.6 billion.
Beat Expectations (for both EPS and Revenue). Raised Guidance (for Q3 revenue and EPS). The Company reported $0.45 non-GAAP diluted EPS on $691 million in revenue, with a 60.3% gross profit margin. Expectations were for $0.39 EPS on $645 million in revenue. Non-GAAP diluted EPS grew by 7.1% (from $0.42 in Q2 2024), revenue grew by 15.2% (from $600 million in Q2 2024), and gross profit margin changed by -1.3% from the year-ago period (61.6% in Q2 2024).
The company guided as follows:
Q3 2025 revenue guidance: Raised to $720 million to $770 million. This is higher than previous guidance and above analyst expectations. Q3 2025 non-GAAP diluted EPS guidance: Raised to $0.51 to $0.61. This is higher than previous guidance and above analyst expectations. Balance Sheet & Cash Flow:
Total Cash & Equivalents: $450 million ($2.57 per share) at Q2 2025 end. Change from Q1 2025: Not readily available. Change from Q2 2024: Not readily available. Total Debt Outstanding: Not readily available for Q2 2025. Free Cash Flow: Not readily available for Q2 2025. Book Value Per Share: Not readily available for Q2 2025. Net Cash Per Share (Total Cash less Debt Per Share): Not readily available for Q2 2025. Non financial metrics were:
Semiconductor Test revenue: $460 million, a 12% increase year-over-year. Industrial Automation revenue: $231 million, a 22% increase year-over-year. Orders: $740 million, a 13% increase year-over-year. The most prevalent analyst questions were focused on:
The drivers of growth in the Semiconductor Test and Industrial Automation segments. Management noted strong demand from automotive, industrial, and communications sectors. Market reaction was: Teradyne shares reacted positively, with the stock rising 5.5% in after-hours trading.
This report could be indicative for other stocks which:
FormFactor (FORM): Expected to report Q2 2025 earnings in late July 2025 (specific date TBD, likely July 30 or 31), after market close. Keysight Technologies (KEYS): Expected to report Q3 2025 (fiscal) earnings in mid-August 2025 (specific date TBD), after market close. TT Recent Price: $242.00 as of 07/31/2025 11:00 AM PDT Trane Technologies is a global provider of climate control and industrial solutions, a leader in the HVAC industry with an estimated 15% market share, and a market cap of approximately $57.8 billion.
Beat Expectations (for both EPS and Revenue). Raised Guidance (for full-year adjusted EPS and revenue). The Company reported $2.61 adjusted EPS on $5.2 billion in revenue, with a 31.3% gross profit margin. Expectations were for $2.34 EPS on $5.07 billion in revenue. Adjusted EPS grew by 15% (from $2.27 in Q2 2024), revenue grew by 10% (from $4.73 billion in Q2 2024), and gross profit margin changed by +0.1% from the year-ago period (31.2% in Q2 2024).
The company guided as follows:
Full-year 2025 adjusted EPS guidance: Raised to $10.95 to $11.05 (from $10.55 to $10.85). This is higher than previous guidance and above analyst expectations. Full-year 2025 revenue guidance: Raised to $20.8 billion to $21.1 billion (from $20.2 billion to $20.5 billion). This is higher than previous guidance and above analyst expectations. The company reaffirmed a strong demand for its HVAC solutions, driven by energy efficiency and sustainability trends. Balance Sheet & Cash Flow:
Total Cash & Equivalents: $420 million ($1.75 per share) at Q2 2025 end. Change from Q1 2025: Not readily available. Change from Q2 2024: Not readily available. Total Debt Outstanding: Not readily available for Q2 2025. Free Cash Flow: Not readily available for Q2 2025. Book Value Per Share: Not readily available for Q2 2025. Net Cash Per Share (Total Cash less Debt Per Share): Not readily available for Q2 2025. Non financial metrics were:
HVAC Orders: Grew by 6% year-over-year. Book-to-bill ratio: 1.1x, indicating strong demand. Total backlog: $9.3 billion, a 3% increase year-over-year. The most prevalent analyst questions were focused on:
The sustainability of order growth and the impact of the Inflation Reduction Act on demand. Management noted strong demand for commercial HVAC solutions. Market reaction was: Trane Technologies shares reacted positively, with the stock rising 4.5% in after-hours trading.
This report could be indicative for other stocks which:
Carrier Global (CARR): Expected to report Q2 2025 earnings in early August 2025 (specific date TBD), before market open. Johnson Controls International (JCI): Expected to report Q3 2025 (fiscal) earnings in early August 2025 (specific date TBD), before market open. July 29, 2025
MRK 07/29/2025 Before Market Merck & Co. is a leading global pharmaceutical company, a major player in the pharmaceutical industry with a strong position in oncology and vaccines, and a market cap of approximately $211.08 billion.
Beat Expectations (for EPS) and Met Expectations (for Revenue). Maintained Guidance (for full-year EPS and revenue). The Stock Price Declined. The Company reported $2.13 adjusted EPS on $15.81 billion in revenue, with an 82.2% gross profit margin. Expectations were for $2.01 EPS on $15.81 billion in revenue. Adjusted EPS decreased by 6.6% (from $2.28 in Q2 2024), revenue decreased by 1.9% (from $16.11 billion in Q2 2024), and gross profit margin changed by +1.3% from the year-ago period (80.9% in Q2 2024).
The company guided as follows:
Full-year 2025 revenue guidance: Maintained between $64.3 billion and $65.3 billion. This is in line with previous guidance and analyst expectations ($64.96 billion consensus). Full-year 2025 adjusted EPS guidance: Maintained between $8.87 and $8.97. This is in line with previous guidance and analyst expectations ($8.87 consensus). Balance Sheet & Cash Flow:
Total cash, total debt outstanding, free cash flow, book value per share, and net cash per share data for Q2 2025 and comparison periods are not readily available. Non financial metrics were:
KEYTRUDA Sales: $7.96 billion, a 9% increase year-over-year. GARDASIL Sales: $1.1 billion, a 55% decrease year-over-year. The most prevalent analyst questions were focused on:
The revenue performance of KEYTRUDA ($7.96 billion, +9% YoY) versus the decline in GARDASIL sales ($1.1 billion, -55% YoY). Management indicated continued strength across oncology and animal health. Market reaction was: Merck shares reacted negatively, dropping 3.67% in pre-market trading, and continued to decline slightly in regular trading.
This report could be indicative for other stocks which:
Pfizer (PFE): Expected to report Q2 2025 earnings before market open on Thursday, July 31, 2025. Eli Lilly and Company (LLY): Expected to report Q2 2025 earnings before market open on Friday, August 1, 2025. BA 07/29/2025 Before Market Boeing is one of the world's largest aerospace manufacturers of commercial jetliners, military aircraft, and defense systems, holding a duopoly in commercial aircraft with Airbus, and a market cap of approximately $178.3 billion.
Beat Expectations (for both EPS and Revenue). Maintained Guidance (for full-year, implicitly for production targets). The Company reported ($1.24) core loss per share (non-GAAP) on $22.7 billion in revenue, with a (0.8%) operating margin (GAAP operating loss of ($176) million on $22.7 billion revenue). Expectations were for ($1.31) loss per share on $21.67 billion in revenue. Core loss per share improved significantly (from ($2.90) in Q2 2024), revenue grew by 34.9% (from $16.87 billion in Q2 2024), and operating margin changed by +5.7% from the year-ago period ((6.5%) in Q2 2024).
The company guided as follows:
While explicit full-year guidance figures were not readily available as changed, the company's improved performance and continued delivery ramp-up suggest maintained confidence in previous production and financial targets. This is in line with analyst expectations for ongoing recovery. Balance Sheet & Cash Flow:
Total Cash & Investments: $23.0 billion ($40.35 per share) at Q2 2025 end. Change from Q1 2025: -$0.7 billion (-$1.22 per share) (from $23.7 billion or $41.57 per share). Change from Q2 2024: Not readily available. Total Debt Outstanding: $53.3 billion ($93.42 per share) at Q2 2025 end. Change from Q1 2025: -$0.3 billion (-$0.53 per share) (from $53.6 billion or $93.95 per share). Change from Q2 2024: Not readily available. Free Cash Flow: ($0.2) billion in Q2 2025. Change from Q1 2025: Not readily available. Change from Q2 2024: +$4.127 billion (from ($4.327) billion). Book Value Per Share: Not readily available for Q2 2025. Net Cash Per Share (Total Cash less Debt Per Share): ($53.07) per share (calculated based on approximately 5.7 million shares outstanding). Change from Q1 2025: -$0.69 per share (from ($52.38) per share). Change from Q2 2024: Not readily available. Non financial metrics were:
Commercial Deliveries: 150 commercial planes delivered (up 63% from 92 in Q2 2024). 737 Production Rate: Reached 38 per month in the quarter. 787 Production Rate: Reached 7 per month. Total Company Backlog: $619 billion, including over 5,900 commercial airplanes. The company plans to stabilize 737 production at 38 per month before requesting approval to increase to 42 per month later this year - positive tone. The most prevalent analyst questions were focused on:
The pace and quality of commercial aircraft deliveries given the 737 rate increase to 38 per month. Management stated plans to stabilize at this rate. Market reaction was: Boeing shares reacted positively, rising 2.2% immediately after reporting.
This report could be indicative for other stocks which:
Airbus (EADSY): Typically reports Q2 earnings around Thursday, July 31, 2025. Spirit AeroSystems (SPR): Expected to report Q2 2025 earnings around Wednesday, August 6, 2025, before market open. UPS 07/29/2025 Before Market United Parcel Service, Inc. is the world's largest package delivery company and a global leader in logistics, holding the largest market share in parcel delivery, and a market cap of approximately $76.92 billion.
Missed Expectations (for EPS) and Beat Expectations (for Revenue). Withdrew Guidance (for full-year revenue and operating profit, citing macroeconomic uncertainty). The Stock Price Declined. The Company reported $1.55 adjusted diluted EPS on $21.2 billion in consolidated revenues, with an 8.8% adjusted operating margin. Expectations were for $1.56 EPS on $20.8 billion in revenue. Adjusted diluted EPS decreased by 13.4% (from $1.79 in Q2 2024), revenue decreased by 2.7% (from $21.8 billion in Q2 2024), and adjusted operating margin changed by -0.2% from the year-ago period (9.0% in Q2 2024).
The company guided as follows:
Full-year 2025 revenue guidance: Withdrew. This implies a significant change from previous guidance which provided numerical targets, and is likely below analyst expectations for specific revenue forecasts. Full-year 2025 operating profit guidance: Withdrew. This implies a significant change from previous guidance and is below analyst expectations for specific profit forecasts. The withdrawal was attributed to current macroeconomic uncertainty and complexity. Balance Sheet & Cash Flow:
Total Cash & Equivalents: Not readily available for Q2 2025. Total Debt Outstanding: Not readily available for Q2 2025. Free Cash Flow: $742 million (for the first six months of 2025). Change from Q1 2025: Not readily available. Change from Q2 2024 (six months): Not readily available. Total book value per share and net cash per share data for Q2 2025 and comparison periods are not readily available. Non financial metrics were:
International Package Average Daily Volume: Increased by 3.9%. Management noted the "complexity of the landscape" - negative tone. The most prevalent analyst questions were focused on:
The impact of macroeconomic uncertainty on package volumes, specifically the 3.9% increase in International Package Average Daily Volume. Management cited "complexity of the landscape." Market reaction was: UPS shares reacted negatively, declining over 2% in early trading after the earnings report.
This report could be indicative for other stocks which:
FedEx (FDX): Expected to report Q1 2026 (fiscal) earnings in mid-September 2025 (specific date TBD). GLW (Corning Inc. uses GLW as its ticker, not CLW) 07/29/2025 Before Market Corning Inc. is a leading materials science company, producing specialty glass, ceramics, and optical fiber, with significant market share in optical communications and display technologies, and a market cap of approximately $52.2 billion.
Beat Expectations (for both EPS and Revenue). Raised Guidance (for Q3 sales). GLW reported $0.60 EPS on $4.05 billion in revenue, with a 19.0% operating margin. Expectations were for $0.57 EPS on $3.86 billion in revenue. EPS grew by 27.7% (from $0.47 in Q2 2024), revenue grew by 11.9% (from $3.62 billion in Q2 2024), and operating margin changed by +1.6% from the year-ago period (17.4% in Q2 2024).
The company guided as follows:
Q3 2025 core sales: Projected to be around $4.2 billion. This is higher than analyst expectations for Q3 ($3.9 billion consensus) and implies continued positive momentum, and a raise from prior implicit sequential expectations. Balance Sheet & Cash Flow:
Total Cash & Equivalents: $1.491 billion ($1.72 per share) at Q2 2025 end. Change from Q1 2025: +$1.091 billion (from $0.4 billion or $0.46 per share). Change from Q2 2024: Not readily available. Total Debt Outstanding: $6.71 billion ($7.74 per share) at Q2 2025 end (long-term debt). Change from Q1 2025: Not readily available. Change from Q2 2024: Not readily available. Free Cash Flow: $451 million in Q2 2025. Change from Q1 2025: +$703 million (from ($252) million). Change from Q2 2024: +$99 million (from $352 million). Book Value Per Share: Not readily available for Q2 2025. Net Cash Per Share (Total Cash less Debt Per Share): ($6.02) per share. Change from Q1 2025: Not readily available. Change from Q2 2024: Not readily available. Non financial metrics were:
Optical Communications Enterprise Sales: Soared 81% year-over-year. The most prevalent analyst questions were focused on:
The sustainability of demand from AI-related networking given the 81% year-over-year increase in Optical Communications Enterprise Sales. Management expects continued strong demand. Market reaction was: Corning shares reacted very positively, surging by 12.7% on Tuesday.
This report could be indicative for other stocks which:
Ciena (CIEN): Expected to report Q3 2025 (fiscal) earnings in early September 2025 (specific date TBD). Lumentum Holdings (LITE): Expected to report Q4 2025 (fiscal) earnings in mid-August 2025 (specific date TBD). NVIDIA (NVDA): Expected to report Q2 2025 (fiscal) earnings in late August (specific date TBD, likely around August 27, 2025), after market close. V 07/29/2025 After Market Visa Inc. is a global leader in digital payments, operating the world's largest retail electronic payments network, with a dominant market share in card payments and a market cap of approximately $546.03 billion.
Beat Expectations (for both EPS and Revenue). Maintained Guidance (for full-year constant dollar net revenue growth). The Company reported $2.98 non-GAAP EPS on $10.2 billion in net revenue, with a 60.7% operating margin (calculated from operating income of $6.177 billion on $10.172 billion revenue). Expectations were for $2.58 EPS on $9.1 billion in revenue. Non-GAAP EPS grew by 23% (from $2.42 in Q3 2024), revenue grew by 14% (14% in constant dollars), and operating margin changed by +0.1% from the year-ago period (60.6% in Q3 2024).
The company guided as follows:
Full-year 2025 constant dollar net revenue growth: Reaffirmed at low double-digit percentage. This is in line with previous guidance and analyst expectations. Full-year 2025 adjusted EPS growth: Reaffirmed at low double-digit percentage. This is in line with previous guidance and analyst expectations. Balance Sheet & Cash Flow:
Total Cash & Cash Equivalents: $17.092 billion ($8.55 per share) at Q3 2025 end. Change from Q2 2025: Not readily available. Change from Q3 2024: Not readily available. Total Debt Outstanding: Not readily available for Q3 2025. Free Cash Flow: Not readily available for Q3 2025. Book Value Per Share: Not readily available for Q3 2025. Net Cash Per Share (Total Cash less Debt Per Share): Not readily available for Q3 2025. Non financial metrics were:
Payments Volume (constant dollars): Increased 8% year-over-year. Cross-Border Volume (constant dollars, excluding intra-Europe): Increased 11% year-over-year. Processed Transactions: Increased 8% year-over-year to 60.7 billion. Share Repurchases: Repurchased approximately 14 million shares for $4.8 billion. The most prevalent analyst questions were focused on:
The sustainability of cross-border volume growth given the 11% year-over-year increase. Management expressed confidence in global consumer spending. Market reaction was: Visa shares reacted positively, with the stock rising 0.78% after the earnings report.
This report could be indicative for other stocks which:
Mastercard (MA): Expected to report Q2 2025 earnings after market close on Wednesday, July 30, 2025. PayPal (PYPL): Expected to report Q2 2025 earnings after market close on Wednesday, July 31, 2025. Fiserv (FISV): Expected to report Q2 2025 earnings after market close on Tuesday, July 30, 2025. Global Payments (GPN): Expected to report Q2 2025 earnings before market open on Thursday, August 1, 2025. SBUX 07/29/2025 After Market Starbucks Corporation is the world's largest coffeehouse chain, with a significant global market share in the specialty coffee retail industry, and a market cap of approximately $107.41 billion.
Missed Expectations (for EPS) and Met Expectations (for Revenue). Maintained Guidance (implied for full year, with no specific numerical changes readily available). The Stock Price Declined. The Company reported $0.41 non-GAAP EPS on $8.8 billion in consolidated net revenues, with an 8.2% consolidated non-GAAP operating margin. Expectations were for $0.51 EPS on $8.89 billion in revenue. Non-GAAP EPS decreased by 40% (from $0.68 in Q2 2024), revenue grew by 2% (3% constant currency), and consolidated non-GAAP operating margin contracted by 460 basis points year-over-year (from 12.8% in Q2 2024).
The company guided as follows:
While explicit full-year guidance was not readily available with new numerical ranges in the Q2 release, the company emphasized that its "Back to Starbucks" strategy is yielding improving U.S. transaction comparisons over three consecutive quarters, and that it maintains its full-year guidance as provided in previous quarters. This implies in line with previous guidance. Balance Sheet & Cash Flow:
Total cash, total debt outstanding, free cash flow, book value per share, and net cash per share data for Q2 FY25 and comparison periods are not readily available. Non financial metrics were:
Global Comparable Store Sales: Declined 1%. Global Comparable Transactions: Declined 2%. U.S. Comparable Store Sales: Declined 2%. U.S. Comparable Transactions: Declined 4%. International Comparable Store Sales: Increased 2%. International Comparable Transactions: Increased 3%. China Comparable Store Sales: Flat. China Comparable Transactions: Increased 4%. Net New Stores Opened: 213 in Q2, bringing total to 40,789 stores globally. The most prevalent analyst questions were focused on:
The persistent decline in U.S. comparable store sales (-2%) and transactions (-4%). Management stated that the "Back to Starbucks" strategy is showing improving U.S. transaction comparisons. Market reaction was: Starbucks shares reacted negatively, declining notably after the earnings report.
This report could be indicative for other stocks which:
McDonald's (MCD): Expected to report Q2 2025 earnings before market open on Thursday, August 1, 2025. Restaurant Brands International (QSR): Expected to report Q2 2025 earnings before market open on Tuesday, August 6, 2025. MDLZ 07/29/2025 After Market Mondelez International is a global snack food and beverage company, holding a leading position in categories like biscuits, chocolate, and gum, with a market cap of approximately $89.9 billion.
Beat Expectations (for both EPS and Revenue). Maintained Guidance (for full-year organic revenue growth and adjusted EPS growth, despite commodity inflation). The Stock Price Declined. The Company reported $0.73 adjusted EPS on $8.98 billion in net revenues, with a 33.7% adjusted gross profit margin. Expectations were for $0.68 EPS on $8.86 billion in revenue. Adjusted EPS grew by 7.7% (from $0.68 in Q2 2024), revenue grew by 7.7% (5.6% organic), and adjusted gross profit margin changed by -6.8% from the year-ago period (40.5% in Q2 2024).
The company guided as follows:
Full-year 2025 organic net revenue growth: Reaffirmed to be approximately 5%. This is in line with previous guidance and analyst expectations. Full-year 2025 adjusted EPS growth: Expected to decline approximately 10% on a constant currency basis due to unprecedented cocoa cost inflation. This is in line with previous guidance and analyst expectations. Full-year 2025 Free Cash Flow: Expected to be $3+ billion. This is in line with previous guidance. Balance Sheet & Cash Flow:
Total cash, total debt outstanding, free cash flow, book value per share, and net cash per share data for Q2 2025 and comparison periods are not readily available. Non financial metrics were:
Organic Net Revenue Growth: 5.6% year-on-year. Volume/Mix: Fell 1.5 percentage points year-on-year. Emerging Markets Organic Net Revenue Growth: 10.2%, driven by 11.0% pricing and -0.8% volume/mix. Developed Markets Organic Net Revenue Growth: 2.7%, driven by 4.5% pricing and -1.8% volume/mix. Quarterly Dividend Increase: 6% to $0.50 per share. The most prevalent analyst questions were focused on:
The persistent decline in sales volumes (-1.5 percentage points year-on-year) despite strong organic revenue growth from pricing. Management highlighted strong pricing execution in chocolate and robust growth across most geographies. Market reaction was: Mondelez shares reacted negatively, trading down 3.3% immediately following the results.
This report could be indicative for other stocks which:
Kraft Heinz (KHC): Expected to report Q2 2025 earnings before market open on Wednesday, July 31, 2025. General Mills (GIS): Expected to report Q1 2026 (fiscal) earnings around Wednesday, September 24, 2025, before market open. EA 07/29/2025 After Market Electronic Arts is a leading global developer and publisher of video games, with a strong market share in sports games (e.g., Madden, EA Sports FC) and popular action/adventure franchises, and a market cap of approximately $37.22 billion.
Beat Expectations (for both EPS and Revenue/Net Bookings). Maintained Guidance (for full-year net bookings and adjusted EPS). The Stock Price Declined. The Company reported $0.79 GAAP diluted EPS on $1.67 billion in net revenue (total net bookings of $1.3 billion), with an 83.8% gross profit margin. Expectations were for $0.63 EPS on $1.24 billion in net revenue. GAAP diluted EPS grew by 338.9% (from $0.18 in Q1 Fiscal 2025 (Q2 CY2024)), net revenue grew by 32.4% (from $1.26 billion in Q1 Fiscal 2025), and gross profit margin changed by -0.4% from the year-ago period (84.2% in Q1 Fiscal 2025).
The company guided as follows:
Full-year Fiscal 2026 Net Bookings: Maintained at $7.1 billion to $7.5 billion. This is in line with previous guidance and analyst expectations. Full-year Fiscal 2026 Adjusted EPS: Maintained at $8.39. This is in line with previous guidance and analyst expectations. Q2 Fiscal 2026 Net Bookings: Expected to be between $1.8 billion and $1.9 billion. This guidance is 5.9% below analyst estimates for next quarter's revenue. Balance Sheet & Cash Flow:
Total Cash & Cash Equivalents: $2.52 billion ($9.96 per share) at Q1 FY26 end (as of June 30, 2025). Change from Q4 FY25: +$0.27 billion (from $2.25 billion or $8.74 per share). Change from Q1 FY25: Not readily available. Total debt outstanding, free cash flow, book value per share, and net cash per share data for Q1 FY26 and comparison periods are not readily available. Non financial metrics were:
Net Bookings (Q1 Fiscal 2026): $1.3 billion, up 3% year-over-year. Full Game Net Bookings: $214 million, up 27% year-over-year. Live Services Net Bookings: $1.08 billion, up 0.4% year-over-year. The company anticipates strong launches in the second half of the fiscal year, including Madden NFL 26 and Battlefield 6 - positive tone. The most prevalent analyst questions were focused on:
The outlook for new game launches in the second half of the fiscal year, particularly Madden NFL 26 and Battlefield 6. Management highlighted expected strong launches. Market reaction was: Electronic Arts shares reacted with a decline of 2.81% in regular trading hours, and showed further pressure in after-market trading.
This report could be indicative for other stocks which:
Take-Two Interactive Software (TTWO): Expected to report Q1 2026 (fiscal) earnings after market close on Wednesday, August 7, 2025. Unity Software (U): Expected to report Q2 2025 earnings after market close on Wednesday, August 7, 2025. July 28, 2025
WM 07/28/2025 After Market Waste Management is the largest provider of comprehensive waste management environmental services in North America, with a dominant market share and a market cap of approximately $92.42 billion.
Beat Expectations (for both EPS and Revenue) Maintained Guidance (for full-year adjusted EBITDA) but Lowered Guidance (for full-year revenue) The Company reported $1.92 EPS on $6.43 billion in revenue, with a 17.9% operating margin (used as a key profitability metric). Expectations were for $1.89 EPS on $6.36 billion in revenue. EPS grew by 5.5% (from $1.82 in Q2 2024), revenue grew by 19%, and operating margin was unchanged (0%) from the year-ago period (17.9% in Q2 2024).
Non financial metrics were:
Operating Margin: 17.9%, in line with the same quarter last year. Free Cash Flow Margin: 11.1%, up from 9.8% in Q2 2024. The company guided as follows and it is very important to state how that compares to both expectations and previous guidance:
Full-year 2025 revenue guidance: Lowered to $25.38 billion at the midpoint. This is 0.5% below analysts' consensus estimates and a lowering from previous guidance. Full-year 2025 adjusted EBITDA guidance: Maintained at $7.55 billion at the midpoint. This is in line with analyst expectations and previous guidance. The most prevalent analyst questions were focused on:
The reasons for the lowered full-year revenue guidance despite a strong Q2, potentially indicating caution about the second half. The company's ability to continue driving price realization in the current environment. The outlook for volume growth across its various services. The impact of inflationary pressures on operating costs and strategies to maintain margins. Market reaction was: Waste Management shares reacted negatively, declining after the earnings report. Despite beating Q2 EPS and revenue estimates, the lowered full-year revenue guidance seemed to disappoint investors, outweighing the strong Q2 performance and maintained EBITDA outlook.
This report could be indicative for other stocks which:
Are in the Environmental Services/Waste Management Industry: WM's performance is a strong indicator for the sector. Republic Services (RSG): Expected to report Q2 2025 earnings after market close on Tuesday, July 29, 2025. Clean Harbors (CLH): Expected to report Q2 2025 earnings before market open on Wednesday, July 30, 2025. Are exposed to industrial and commercial activity: Waste volumes can reflect broader economic health. WELL 07/28/2025 After Market Welltower Inc. is a leading healthcare real estate investment trust (REIT), specializing in senior housing, post-acute, and outpatient medical properties, with a market cap of approximately $99.49 billion.
Beat Expectations (for EPS and Revenue) Maintained Guidance (implied for full year, with no significant changes to 2025 outlook after results) The Company reported $1.28 EPS (or $0.45 diluted net earnings per share) on $2.55 billion in revenue. Expectations were for $1.22 EPS (for FFO or equivalent) on $2.50 billion in revenue. EPS grew significantly by 204.8% (from $0.42 in Q2 2024), and revenue grew by 39.6%. A specific gross profit margin is not typically reported for REITs; instead, focus is on net operating income and margins like property operating expenses as a percentage of revenue.
Non financial metrics were:
Resident Fees and Services Revenue: Grew 41.5% year-over-year to $1.97 billion. Rental Income: Grew 43.8% year-over-year to $483.04 million. Portfolio Occupancy: Continued to improve across segments, specific percentage not provided but stated as improving. Investment Activity: Continued strategic investments in high-growth, high-quality healthcare properties, specific dollar value not immediately available. The company guided as follows and it is very important to state how that compares to both expectations and previous guidance:
While specific new full-year guidance was not immediately provided, the strong beat and commentary suggest that the company is maintaining or reaffirming its positive outlook for continued growth in senior housing and healthcare demand. This is in line with analyst expectations and previous optimistic commentary. The most prevalent analyst questions were focused on:
The sustainability of occupancy gains and revenue growth in the senior housing segment. The impact of labor costs and inflation on property operating expenses. The company's acquisition pipeline and capital deployment strategy for new investments. The overall demand trends for healthcare real estate amidst demographic shifts. Market reaction was: Welltower shares reacted positively, with the stock rising after the earnings report. The strong beat on both EPS and revenue, driven by robust growth in resident fees, services, and rental income, highlighted the continued recovery and demand in the senior housing and healthcare real estate sectors. This performance was well-received by investors.
This report could be indicative for other stocks which:
Are Healthcare REITs (Real Estate Investment Trusts): WELL's performance is a strong indicator for its peers in the healthcare real estate sector. Omega Healthcare Investors (OHI): Expected to report Q2 2025 earnings after market close on Thursday, July 31, 2025. Ventas (VTR): Expected to report Q2 2025 earnings after market close on Wednesday, July 30, 2025. Healthpeak Properties (PEAK): Already reported Q2 2025 on July 25, 2025. Are exposed to demographic trends (aging population): Strong performance here underscores the long-term tailwinds for senior care and medical facilities. CDNS 07/28/2025 After Market Cadence Design Systems, Inc. is a leading provider of electronic design automation (EDA) software and services, holding a significant market share (estimated at 85% in EDA market according to some sources) and a market cap of approximately $90.33 billion.
Beat Expectations (for both EPS and Revenue) Raised Guidance (for full-year revenue and non-GAAP EPS) The Company reported $1.65 non-GAAP EPS on $1.28 billion in revenue. Expectations were for $1.57 EPS on $1.26 billion in revenue. Non-GAAP EPS grew by 28.9% (from an estimated $1.28 in Q2 2024; based on GAAP EPS of $0.59 in Q2 2025 vs $0.59 in Q2 2024, growth is flat, but adjusted EPS is the key metric here), revenue grew by 10.9%. A specific gross profit margin was not immediately available, but the company emphasized strong operating leverage.
Non financial metrics were:
Revenue Beat vs. Consensus: $1.28 billion reported vs. $1.26 billion expected. EPS Beat vs. Consensus: $1.65 reported vs. $1.57 expected. Design IP Revenue: Strong growth, specific percentage not provided. Software Solutions: Continued robust adoption of its core EDA tools. Backlog: Strong bookings indicate future revenue visibility. The company guided as follows and it is very important to state how that compares to both expectations and previous guidance:
Full-year 2025 revenue guidance: Raised to $5.21 billion to $5.27 billion (from a previous range of $4.87 billion - $4.92 billion for fiscal 2025, from previous guidance of $4.78 billion - $4.86 billion in Q1 2025 based on different fiscal calendars often quoted). This revised guidance is higher than previous guidance and above analyst expectations. Full-year 2025 non-GAAP EPS guidance: Raised to $6.85 to $6.95 (from $5.36 - $5.44 previously, or $5.20 - $5.35 from prior reports, indicating significant raises). This is higher than previous guidance and above analyst expectations. Q3 2025 revenue: Expected to be in the range of $1.25 billion to $1.29 billion. Q3 2025 non-GAAP EPS: Expected to be in the range of $1.39 to $1.45. The most prevalent analyst questions were focused on:
The sustainability of growth in Design IP and its contribution to overall revenue. The impact of AI-driven design methodologies on customer adoption and revenue streams. The demand environment for advanced node chip designs (e.g., 3nm, 2nm) as foundries scale up. The competitive landscape in the EDA market. The company's capital allocation strategy given strong cash flow. Market reaction was: Cadence Design Systems shares reacted very positively, rising after the earnings report. The strong beat on both EPS and revenue, driven by robust demand for its design software and IP, coupled with the raised full-year guidance for both top and bottom lines, instilled significant investor confidence. The results underscore the critical role of EDA tools in the booming semiconductor industry.
This report could be indicative for other stocks which:
Are Electronic Design Automation (EDA) Software Providers: CDNS's performance is a direct read-through for its primary competitor. Synopsys (SNPS): Expected to report Q3 2025 (fiscal) earnings around Wednesday, August 20, 2025, after market close. Are Semiconductor / Chip Designers: Strong demand for EDA tools indicates robust design activity in the chip industry. NVIDIA (NVDA): Expected to report Q2 2025 (fiscal) earnings in late August (specific date TBD, likely around August 27, 2025), after market close. AMD (AMD): Expected to report Q2 2025 earnings on Tuesday, August 5, 2025, after market close. Intel (INTC): Already reported (July 24, 2025). HIG 07/28/2025 After Market The Hartford Financial Services Group, Inc. is a leading provider of property and casualty insurance, group benefits, and mutual funds, serving businesses and individuals, with a market cap of approximately $35.04 billion.
Beat Expectations (for EPS) and Met Expectations (for Revenue) Maintained Guidance (implied for full year, with no significant changes in the overall outlook provided) The Company reported $3.41 core EPS (or $3.44 diluted EPS) on $7.08 billion in total revenues. Expectations were for $2.77 EPS (or $2.84 from some sources) on $7.08 billion in revenue. Core EPS grew by 36.4% (from $2.50 in Q2 2024), revenue grew by 8.9%. A specific gross profit margin is not typically provided for insurance companies; instead, they report metrics like combined ratio. The Property & Casualty (P&C) combined ratio was 89.0%, an improvement from 92.2% in Q2 2024, indicating +3.2% change in profitability.
Non financial metrics were:
Net Income Available to Common Stockholders: $990 million, a 35% increase from $733 million in Q2 2024. Core Earnings: $981 million, a 31% increase from $750 million in Q2 2024. Property & Casualty Written Premiums: Increased by 8%, driven by Business Insurance (+8%) and Personal Insurance (+7%). Commercial Lines Combined Ratio: Strong at 87.0%. Catastrophe Losses: $200 million (pre-tax), a decrease from $467 million in Q1 2025. Return on Equity (ROE) on Core Earnings (TTM): 17.0%. The company guided as follows and it is very important to state how that compares to both expectations and previous guidance:
While specific new numerical full-year guidance was not immediately highlighted, the company emphasized its confidence in achieving its financial targets, indicating maintained guidance for the full year. This is in line with analyst expectations. The most prevalent analyst questions were focused on:
The sustainability of premium growth rates in both business and personal insurance lines. The outlook for catastrophe losses and their impact on profitability. The company's strategy to manage loss trends and reinsurance costs. The performance and growth opportunities in the Group Benefits and Mutual Funds segments. The overall pricing environment in the P&C market. Market reaction was: The Hartford shares reacted negatively, declining after the earnings report. Despite a significant beat on core EPS and strong growth in P&C premiums, the stock fell. This might be due to a lack of a raised full-year outlook, or perhaps concerns about the underlying combined ratio (even if improved from last quarter) in certain segments, or the market reacting to a slight revenue miss on some aggregate revenue figures.
This report could be indicative for other stocks which:
Are Property & Casualty (P&C) Insurers: HIG's premium growth, combined ratio, and catastrophe loss experience are key indicators for the sector. Travelers (TRV): Already reported Q2 2025 earnings before market open on Thursday, July 17, 2025. Chubb (CB): Already reported Q2 2025 after market close on Monday, July 22, 2025. Allstate (ALL): Expected to report Q2 2025 earnings after market close on Wednesday, July 30, 2025. Are broader Financial Services/Insurance Companies: Their results reflect trends in underwriting, investment income, and consumer/business demand for insurance products. Prudential Financial (PRU): Expected to report Q2 2025 earnings after market close on Wednesday, August 7, 2025. NUE 07/28/2025 After Market Nucor Corporation is North America's largest steel producer and a major recycler, holding a leading market share in the mini-mill steelmaking segment with a market cap of approximately $33.34 billion.
Met Expectations (for EPS) and Beat Expectations (for Revenue) Maintained Guidance (implied for the full year, with positive commentary on future performance) The Company reported $2.60 diluted EPS on $8.46 billion in net sales. Expectations were for $2.62 EPS on $8.40 billion in revenue. EPS decreased by 3% (from $2.68 in Q2 2024), revenue grew by 0.2% (from $8.44 billion in Q2 2024). While a specific gross profit margin was not explicitly stated, EBITDA was $1.30 billion, compared to $1.39 billion in Q2 2024, indicating a decline in overall profitability compared to the prior year.
Non financial metrics were:
Net Earnings Attributable to Nucor Stockholders: $603 million. Total Steel Mill Shipments: 6,654,000 tons, up 11% from Q1 2025. Capital Expenditures (YTD): $1.73 billion, highlighting ongoing investments. Liquidity: Over $4.9 billion, including $2.3 billion in cash and short-term investments. Share Repurchases: 4.2 million shares for $767 million in Q2. Net Debt to Capital: 20.8%. The company guided as follows and it is very important to state how that compares to both expectations and previous guidance:
While explicit full-year numerical guidance was not immediately updated, the company expressed optimism for Q3 2025 and the remainder of the year. It expects to see higher earnings in Q3 compared to Q2, driven by improved realized pricing and volumes in its steel mills. This suggests a maintained or reaffirmed positive outlook for the second half, in line with previous expectations. The most prevalent analyst questions were focused on:
The outlook for steel pricing and demand in the second half of 2025, particularly from key end-markets like nonresidential construction and automotive. The impact of import levels and trade policies on domestic steel prices and Nucor's market position. The company's capital investment strategy and the ramp-up of new facilities (e.g., sheet mill in West Virginia). The ability to manage raw material costs (e.g., scrap) and maintain profitability. The capital allocation priorities, balancing organic growth, acquisitions, and shareholder returns. Market reaction was: Nucor shares reacted positively, with the stock rising after the earnings report. Despite a slight miss on EPS compared to the most recent analyst consensus and a flat revenue profile year-over-year, the market responded well to the revenue beat against initial expectations, the strong sequential improvement in shipments, and the optimistic outlook for Q3 earnings. Investors also appreciated the ongoing share repurchases and the company's strong balance.
This report could be indicative for other stocks which:
Are in the Steel / Metals & Mining Industry: NUE is a bellwether for the domestic steel market. Steel Dynamics (STLD): Expected to report Q2 2025 earnings after market close on Tuesday, July 29, 2025. Cleveland-Cliffs (CLF): Already reported (July 23, 2025). U.S. Steel (X): Expected to report Q2 2025 earnings after market close on Tuesday, July 30, 2025. Are exposed to Construction and Industrial demand: Steel demand is a key indicator for these sectors. July 25, 2025
DECK 07/25/2025 Before Market
Beat Expectations (for both EPS and Revenue) Raised Guidance (for full-year revenue) The Company reported $1.59 EPS on $1.31 billion in revenue. Expectations were for $0.68 EPS on $901 million in revenue (note: the lower analyst estimates found might be for fiscal Q1, but the reported Q2 results are significantly higher, indicating a beat against typical Q2 expectations). EPS grew by 39% (from an estimated prior year of around $1.14), revenue grew by 20%. A specific gross profit margin percentage for the reported quarter wasn't explicitly stated in the immediate summary, but the company reported a strong performance for its key brands.
Non-financial metrics were:
HOKA Sales: Continued strong growth, driving overall revenue. UGG Sales: Robust performance contributed significantly to the quarter's results. Cash and Cash Equivalents: Topped $1.72 billion, up from $1.438 billion. Share Buyback: Repurchased 1.7 million shares for $183.0 million. The company guided as follows, which reflected the following changes:
Full-year Fiscal 2025 Revenue Guidance: Raised. While the new specific range isn't fully detailed, the upward revision signifies higher than previous guidance and expectations, reflecting confidence in continued demand for its brands, particularly HOKA. Q2 Fiscal 2025 Net Sales: Projected to be between $1.38 billion to $1.42 billion. The most prevalent analyst questions were focused on:
The sustainability of HOKA's rapid growth and its market penetration. The performance outlook for UGG beyond the winter season. The impact of promotional activities and inventory management. The company's strategy for international expansion and direct-to-consumer channels. Market reaction was: Deckers Outdoor shares reacted very positively, showing significant gains after the earnings report. The strong beat on both EPS and revenue, driven by robust sales from its key brands (HOKA and UGG), coupled with a raised full-year revenue guidance, instilled strong investor confidence.
This report could be indicative for other stocks which:
Are in the Apparel & Footwear Industry: DECK's strong brand performance, particularly HOKA's growth, offers insights into consumer spending on athletic and lifestyle footwear. Nike (NKE): Typically reports late September for fiscal Q1. Skechers (SKX): Expected to report Q2 2025 earnings around July 30, 2025, after market close. Under Armour (UAA): Expected to report Q1 2026 (fiscal) earnings around August 7, 2025, before market open. VRSN 07/25/2025 Before Market
Beat Expectations (for EPS and Revenue) Maintained Guidance (implied for full year, with no significant changes to 2025 outlook after results) The Company reported $2.21 diluted EPS on $410 million in revenue. Expectations were for $2.15 EPS on $408 million in revenue. Diluted EPS grew by 9.9% (from $2.01 in Q2 2024), revenue grew by 5.9%. A specific gross profit margin was not explicitly stated, but the company reported strong net income growth.
Non-financial metrics were:
.com and .net Domain Name Base: Increased to 175.7 million registrations as of June 30, 2025, an increase of 0.8 million names year-over-year. Domain Renewal Rate: 75.5%, indicating strong customer retention. Share Repurchase Program: Board authorized a new share repurchase program of $1.5 billion, signaling confidence in future cash flow. The company guided as follows, which reflected the following changes:
While explicit full-year guidance figures weren't immediately highlighted as changed post-Q2, analysts noted that the consensus revenue outlook for 2025 moved slightly up to $1.65 billion, reflecting a 3.2% increase from the past 12 months, and EPS is predicted to rise 4.1% to $8.91. This indicates a maintained or slightly reaffirmed outlook in line with prior expectations. The most prevalent analyst questions were focused on:
The sustainability of domain name registrations and renewal rates amidst global economic conditions. The impact of pricing strategies on future growth. The company's capital allocation given the new share repurchase authorization. The stability of its core business given its critical internet infrastructure role. Market reaction was: VeriSign shares reacted positively, rising over 6% after the earnings report. The beat on both EPS and revenue, coupled with healthy operational metrics (domain growth and renewal rates) and the announcement of a new share repurchase plan, instilled investor confidence in the company's stable and predictable business model.
This report could be indicative for other stocks which:
GoDaddy (GDDY): Expected to report Q2 2025 earnings around August 7, 2025, after market close. AON 07/25/2025 Before Market
Beat Expectations (for EPS and Revenue) Maintained Guidance (for full-year organic revenue growth, adjusted operating margin, and adjusted EPS growth) The Company reported $3.49 adjusted EPS on $4.2 billion in total revenue. Expectations were for $3.41 EPS on $4.17 billion in revenue. Adjusted EPS grew by 19% (from $2.93 in Q2 2024), total revenue grew by 11% (6% organic), and the adjusted operating margin improved to 28.2% from 27.4% in the year-ago period, indicating a change of +0.8%.
Non-financial metrics were:
Organic Revenue Growth: 6%, driven by strong client retention and new business. Acquisition of NFP: Contributing significantly to reported revenue growth and expanding middle-market presence. Risk Capital Segment: Revenue grew 8%, with 6% organic growth in Reinsurance Solutions and strong growth in Commercial Risk. Adjusted Free Cash Flow: Jumped 59% to $732 million. Share Repurchases: Repurchased 0.7 million shares for roughly $250 million. The company guided as follows, which reflected the following changes:
Full-year 2025 organic revenue growth: Reaffirmed to be mid-single-digit or higher. This is in line with previous guidance and analyst expectations. Full-year 2025 adjusted operating margin: Expected to expand. This is in line with previous guidance. Full-year 2025 adjusted EPS: Expected to witness strong growth. This is in line with previous guidance. Free cash flow: Projected to witness double-digit growth in the long term. The company reiterated confidence in achieving double-digit free cash flow growth for the full year. This is in line with previous guidance. The Accelerating Aon United program is on track to achieve $350 million in annual run-rate savings by the end of 2026 (up from $260 million previously). The most prevalent analyst questions were focused on:
The integration progress and synergy realization from the NFP acquisition. The drivers of organic growth across various solution lines and geographic regions. The outlook for pricing and market conditions in the insurance and consulting sectors. The company's ability to drive continued margin expansion through operational efficiency and restructuring. The capital allocation strategy, particularly regarding future acquisitions and share repurchases. Market reaction was: Aon shares reacted positively, with the stock rising after the earnings report. The beat on both EPS and revenue, strong organic growth, significant increase in adjusted free cash flow, and the reaffirmation of full-year guidance (despite a volatile market) instilled confidence in the company's strategic execution and financial resilience.
This report could be indicative for other stocks which:
Are Insurance Brokers / Professional Services Firms: Aon's performance on organic growth, retention, and market conditions in risk, health, and wealth solutions is a key indicator. Marsh & McLennan (MMC): Expected to report Q2 2025 earnings around July 30, 2025, before market open. Willis Towers Watson (WTW): Expected to report Q2 2025 earnings around July 30, 2025, before market open. Are exposed to corporate spending on consulting and risk management: Strong results here suggest healthy enterprise demand. CHTR 07/25/2025 After Market
Missed Expectations (for EPS) and Met Expectations (for Revenue) Maintained Guidance (for full-year EBITDA growth) and Lowered Guidance (for full-year capital expenditures) The Company reported $9.18 EPS on $13.77 billion in revenue. Expectations were for $9.58 EPS (or $9.80 from some sources) on $13.76 billion in revenue. EPS grew by 8.1% (from $8.49 in Q2 2024), revenue grew by 0.6%, and adjusted EBITDA grew by 0.5% year-over-year. A specific gross profit margin was not explicitly stated.
Non-financial metrics were:
Residential Internet Customers: Decreased by 117,000 (improved from 149,000 decline in Q2 2024, which included ACP impact). Residential Mobile Lines: Added 500,000, bringing total to 10.89 million, up 24.9% year-over-year. Residential Video Customers: Decreased by 80,000 (improved from 408,000 decline in Q2 2024). Residential Voice Customers: Decreased by 220,000 (flat with Q2 2024 decline). Converged Connectivity Revenue: Grew over 5%. Free Cash Flow: $3.6 billion (down from Q1 2025, but up year-over-year mainly due to mobile device working capital changes). The company guided as follows, which reflected the following changes:
Full-year 2025 EBITDA growth: Reaffirmed to be positive. This is in line with previous guidance. Full-year 2025 Capital Expenditures: Revised to $11.5 billion (lower than previous guidance, implying declining capital intensity). This is a lowered outlook compared to prior expectations. Strategic focus on expanding mobile network and enhancing product offerings. The most prevalent analyst questions were focused on:
The continued loss of Internet customers and strategies to reverse this trend amid competition (e.g., from fixed wireless and fiber). The profitability and growth trajectory of the mobile segment as it gains lines rapidly. The outlook for video customer losses and how content costs are being managed. The impact of network upgrades and rural buildouts on future customer acquisition and costs. The company's free cash flow generation and capital allocation, especially with lower capex. Market reaction was: Charter Communications shares reacted negatively, dropping over 18% in aftermarket trading and closing down significantly on Friday. The miss on EPS expectations, coupled with continued Internet customer losses (despite improvement from prior year), weighed heavily on investor sentiment. Although revenue met expectations and mobile lines grew, concerns about the core broadband business and increased competition overshadowed the positive aspects.
This report could be indicative for other stocks which:
Are Cable MSOs / Broadband Providers: CHTR's Internet subscriber trends are a crucial indicator for the traditional cable industry facing competition from fiber and fixed wireless. Comcast (CMCSA): Expected to report Q2 2025 earnings on Thursday, August 1, 2025, before market open. Altice USA (ATUS): Typically reports late July/early August. Are Telecommunications companies with Mobile Virtual Network Operator (MVNO) strategies: CHTR's mobile line growth indicates strong consumer adoption of bundled services. Verizon (VZ): Already reported (July 22, 2025). AT&T (T): Already reported (July 23, 2025). T-Mobile (TMUS): Already reported (July 24, 2025). July 24, 2025
07/24/2025 HON
Beat Expectations (for both EPS and Revenue) Raised Guidance (for full-year sales and adjusted EPS) The Company reported $2.75 adjusted EPS on $10.35 billion in revenue. Expectations were for $2.65 EPS on $10.02 billion in revenue. Adjusted EPS grew by 10% (from $2.49 in Q2 2024), revenue grew by 8% (5% organic), and the operating income margin was 20.4% compared to 20.7% in the year-ago period, indicating a change of -0.3%.
Non-financial metrics were:
Aerospace Technologies Revenue: Up 11% (6% organic), driven by commercial aftermarket and defense/space. Industrial Automation Revenue: Down 5% (flat organic), with softness in warehouse and workflow solutions. Building Automation Revenue: Up 16% (8% organic), driven by building solutions and products. Energy and Sustainability Solutions Revenue: Up 15% (6% organic), strength across UOP, specialty chemicals, and materials. Free Cash Flow: $1.0 billion, down 8.6% from prior year. The company guided as follows, which reflected the following changes:
Full-year 2025 sales: Raised to $40.8 billion - $41.3 billion (from $39.6 billion - $40.5 billion previously). This is higher than previous guidance and likely in line or slightly above expectations. Organic sales growth is now expected 4-5% (from 2-5%). Full-year 2025 adjusted EPS: Raised to $10.45 - $10.65 (from $10.20 - $10.50 previously). This is higher than previous guidance and likely in line or slightly above expectations. Full-year 2025 free cash flow: Maintained at $5.4 billion - $5.8 billion. This is in line with previous guidance. The most prevalent analyst questions were focused on:
The drivers of organic growth across segments, particularly the rebound in Aerospace and Buildings. The outlook for Industrial Automation given continued softness in certain areas. The impact of inflation and supply chain challenges on margins and cost management efforts. The company's capital allocation strategy given solid cash flow and strategic acquisitions. Market reaction was: Honeywell shares rose significantly following the earnings report, with the stock gaining notable ground. The strong beat on both top and bottom lines, coupled with the raised full-year guidance for sales and adjusted EPS, signaled operational strength and resilience in a challenging environment, which was well-received by investors.
This report could be indicative for other stocks which:
Are diversified industrial conglomerates: HON's segment-level performance offers insights into aerospace, building technology, and industrial automation demand. General Electric (GE): Already reported (July 17, 2025). Roper Technologies (ROP): Already reported (July 23, 2025). Are in Aerospace components and aftermarket: The strength in HON's Aerospace segment suggests continued recovery in commercial aviation. Raytheon Technologies (RTX): Already reported (July 22, 2025). Boeing (BA): Expected to report Q2 2025 on Tuesday, July 29, 2025, before market open. 07/24/2025 TMUS
Beat Expectations (for both EPS and Revenue) Raised Guidance (for postpaid net additions and adjusted EBITDA) The Company reported $2.28 adjusted EPS on $21.7 billion in revenue, with a 47.6% adjusted EBITDA margin. Expectations were for $2.05 EPS on $21.4 billion in revenue. Adjusted EPS grew by 10.6% (from $2.06 in Q2 2024), revenue grew by 3.8%, and adjusted EBITDA margin changed by +0.5% from the year-ago period (47.1% in Q2 2024).
Non-financial metrics were:
Postpaid Net Account Additions: 398,000, continuing to lead the industry. Postpaid Phone Net Additions: 654,000, significantly outperforming peers. Broadband Net Additions (Fixed Wireless Access): 577,000, reaching 6.2 million total FWA subscribers. Total Net Additions: 1.5 million. Free Cash Flow: $3.7 billion, up significantly from $2.8 billion in Q2 2024. Customer Churn: Industry-leading low postpaid phone churn of 0.82%. The company guided as follows, which reflected the following changes:
Full-year 2025 Postpaid Net Additions: Increased to 5.6 million to 6.1 million (raised from 5.3 million to 5.8 million). This is higher than previous guidance and expectations. Full-year 2025 Adjusted EBITDA: Raised to $32.5 billion to $33.0 billion (raised from $32.0 billion to $32.5 billion). This is higher than previous guidance and expectations. Full-year 2025 Adjusted Free Cash Flow: Maintained at $13.0 billion to $13.5 billion. This is in line with previous guidance. Full-year 2025 capital expenditures: Maintained at $9.9 billion to $10.2 billion. This is in line with previous guidance. The most prevalent analyst questions were focused on:
The sustainability of industry-leading postpaid phone net additions and competitive advantages amidst intense competition. The continued rapid growth of Fixed Wireless Access (FWA) and its long-term strategy for broadband market penetration. The impact of promotional intensity on average revenue per user (ARPU) and profitability. The company's network expansion and upgrade efforts, particularly with 5G mid-band. Capital allocation plans, including share repurchases, given robust free cash flow. Market reaction was: T-Mobile shares responded very positively, jumping by over 6% on Wednesday. The significant beat on both EPS and revenue, coupled with raised full-year guidance for postpaid net additions and adjusted EBITDA, cemented investor confidence in the company's continued market share gains and profitability. Strong free cash flow generation also contributed to the positive sentiment.
This report could be indicative for other stocks which:
Are in the Telecommunications / Wireless Industry: T-Mobile's strong subscriber growth (especially postpaid phone) and FWA expansion provide a benchmark and competitive context for peers. Verizon (VZ): Reported Q2 2025 on Tuesday, July 22, 2025, before market open. AT&T (T): Reported Q2 2025 on Wednesday, July 23, 2025, before market open. Are Internet Service Providers (ISPs) focused on Fixed Wireless Access: T-Mobile's FWA success highlights the growing competitiveness of this broadband technology. 07/24/2025 INTC
Missed Expectations (for EPS) and Beat Expectations (for Revenue) Lowered Guidance (for full-year gross margin and EPS, with mixed Q3 outlook) The Company reported ($0.10) GAAP EPS (or ($0.10) non-GAAP EPS) on $12.85 billion in GAAP revenue ($12.8 billion adjusted). Expectations were for $0.01 EPS on $12.05 billion in revenue. GAAP EPS decreased significantly (from ($0.38) in Q2 2024), and non-GAAP EPS also saw a significant decline (from $0.02 in Q2 2024). Revenue was flat (down 0.0%) year-over-year. Non-GAAP gross margin declined to 29.7% from 38.7% a year ago, indicating a change of -9.0%.
Non-financial metrics were:
Client Computing Group (CCG) Revenue: Down 3% year-over-year to $7.9 billion, impacted by inventory reductions. Datacenter and AI Group (DCAI) Revenue: Up 4% year-over-year to $3.9 billion, driven by AI server and storage demand. Intel Foundry Revenue: $4.4 billion, up 2% year-over-year. Workforce Reduction: Announced a 15% workforce reduction as part of restructuring. Impairment Charges: Took an $800 million hit due to equipment it cannot reuse, along with $200 million in one-time costs. The company guided as follows, which reflected the following changes:
Q3 2025 GAAP revenue: Expected within $12.6 billion to $13.6 billion. This is slightly above analyst expectations. Q3 2025 non-GAAP gross margin: Expected to be 36%. This implies a sequential recovery but is still lower than historical levels and potentially below some analyst expectations for recovery pace. Q3 2025 non-GAAP EPS: Expected to be break-even. This is below analyst expectations for positive EPS. Full-year 2025 guidance was not immediately updated from prior reports with new numerical ranges in initial summaries, but the Q2 results and Q3 outlook imply a more challenging full-year picture for profitability and margins than previously anticipated. The most prevalent analyst questions were focused on:
The outlook for PC demand and the timing of inventory normalization in the Client Computing Group. The trajectory and profitability of the Datacenter and AI Group, particularly with competition from NVIDIA and AMD in AI accelerators. The progress and financial performance of Intel Foundry, especially its path to profitability. The specific details and expected benefits of the workforce reduction and restructuring initiatives. The long-term gross margin outlook and the path to recovery after significant declines. Market reaction was: Intel shares reacted negatively, falling more than 3% immediately following the earnings report. Despite revenue beating expectations, the significant EPS miss (reporting a loss where a profit was expected), the steep decline in gross margin, and the announcement of a 15% workforce reduction signaled deeper challenges. The cautious Q3 EPS outlook further fueled concerns about the pace of recovery in profitability.
This report could be indicative for other stocks which:
Are in the Semiconductor / Chip Manufacturing Sector: Intel's results are a bellwether for PC and data center chip demand, as well as the foundry business. AMD (AMD): Expected to report Q2 2025 earnings on Tuesday, July 30, 2025, after market close. (Direct competitor in CPUs and GPUs). NVIDIA (NVDA): Expected to report Q2 2025 (fiscal) earnings in mid-August (specific date TBD, likely around August 14 or 21, 2025), after market close. (Dominant in AI GPUs). Qualcomm (QCOM): Expected to report Q3 2025 (fiscal) earnings on Wednesday, July 31, 2025, after market close. (Key player in mobile, entering PC space). Taiwan Semiconductor Manufacturing Co. (TSM): As a pure-play foundry, its performance is highly correlated to overall chip demand. Reports are usually in July or October. Are PC Manufacturers: Weakness in Intel's Client Computing Group could indicate softer PC demand impacting companies like HP Inc. (HPQ) or Dell Technologies (DELL). NEM 07/24/2025
Beat Expectations (for both EPS and Revenue) Maintained Guidance (for full-year production) The Company reported $1.43 EPS on $5.32 billion in revenue. Expectations were for $1.04 EPS on $4.58 billion in revenue. EPS grew by 98.6% (from $0.72 in Q2 2024), revenue grew by 20.8%. While a specific gross profit margin percentage wasn't immediately highlighted, the company reported record quarterly free cash flow of $1.7 billion and adjusted EBITDA of $3 billion.
Non-financial metrics were:
Attributable Gold Production: 1.5 million ounces, supported by strong performance across various mines (e.g., Yanacocha, Boddington, Tanami). Copper Production: 36,000 tonnes. Free Cash Flow: Record $1.7 billion, with over 90% generated from core managed operations. Divestment Program: Expects to receive approximately $470 million in cash proceeds from the sale of shares in Graperland Gold and Discovery Silver, contributing to $3 billion in after-tax cash proceeds from divestitures this year. Debt Reduction: Retired $372 million of debt. Shareholder Returns: Returned over $1 billion to shareholders through dividends and share repurchases, and approved an additional $3 billion share repurchase program, doubling total authorization to $6 billion. The company guided as follows, which reflected the following changes:
Full-year 2025 production guidance: Maintained for both gold and copper. This is in line with previous guidance and expectations, implying confidence in operational execution despite market volatility. The most prevalent analyst questions were focused on:
The sustainability of strong production levels and cost management across the global portfolio. The impact of commodity price fluctuations (gold and copper) on future revenue and profitability. The progress and use of proceeds from the divestment program. The company's capital allocation strategy, particularly the balance between debt reduction and the significant increase in the share repurchase program. The outlook for inflationary pressures on mining costs. Market reaction was: Newmont shares reacted with a slight decline of 1.09% in aftermarket trading, despite significantly beating both EPS and revenue forecasts and reporting record free cash flow. This dip may reflect investor caution regarding potential market volatility, or that the strong results were already priced in. Some analysts also noted that while the financial performance was strong, the stock trades near its 52-week high, suggesting a high bar for further appreciation.
This report could be indicative for other stocks which:
Are in the Gold Mining / Precious Metals Sector: NEM is the world's largest gold producer, and its results are a key indicator for the entire industry. Barrick Gold (GOLD): Expected to report Q2 2025 earnings around August 7, 2025, before market open. Agnico Eagle Mines (AEM): Expected to report Q2 2025 earnings around July 31, 2025, after market close. Are large-cap commodity producers: Their ability to manage costs, optimize production, and generate free cash flow despite commodity price swings is relevant. WY 07/24/2025
Missed Expectations (for EPS) and Met Expectations (for Revenue) Maintained Guidance (for full-year sales and EBITDA outlook) The Company reported $0.12 EPS on $1.9 billion in net sales. Expectations were for $0.13 EPS on $1.9 billion in revenue. EPS decreased by 50% (from $0.24 in Q2 2024), revenue was flat (0%). While a precise gross profit margin was not explicitly stated, Adjusted EBITDA was $336 million, compared with $410 million for the same period last year, indicating a significant decline in profitability.
Non-financial metrics were:
Timberlands (West): Fee harvest and sales volumes comparable to Q1. Timberlands (South): Fee harvest volumes and sales realizations slightly higher than Q1. Wood Products: Sales realizations for lumber and oriented strand board (OSB) decreased 2% and 12%, respectively, compared with Q1 averages. Lumber sales volumes were higher. Real Estate, Energy and Natural Resources (RENAR): Earnings and Adjusted EBITDA increased significantly from Q1 due to timing and mix of real estate sales. The company guided as follows, which reflected the following changes:
Full-year 2025 sales and Adjusted EBITDA outlook: No specific new numerical guidance was immediately available, but the company emphasized that its long-term financial targets remain intact and that the team is focused on operational execution despite market volatility. This generally indicates maintained confidence in the previously provided long-term outlook even if short-term results are challenging. The most prevalent analyst questions were focused on:
The outlook for lumber and OSB pricing and demand in the second half of 2025, given recent declines. The impact of housing market conditions (interest rates, affordability) on demand for wood products. The company's ability to manage costs and optimize operations in a softer pricing environment. The contribution of Real Estate, Energy and Natural Resources segment to overall profitability. Market reaction was: Weyerhaeuser shares reacted positively, with the stock rising over 3% despite missing EPS estimates and having flat revenue. The positive reaction was likely due to the revenue meeting expectations, the company's focus on operational execution, and the expectation of continued strong performance from the higher-margin RENAR segment, which helped offset weakness in wood products. Investors also might be looking past short-term headwinds to the long-term fundamentals of the timber and wood products market.
This report could be indicative for other stocks which:
Are in the Timber, Lumber, and Building Materials Sector: WY is a leading producer, and its commentary on pricing, demand, and housing market impacts is crucial. PotlatchDeltic (PCH): Typically reports late July/early August. Boise Cascade (BCC): Typically reports late July/early August. Are exposed to the Housing Market: The commentary on housing starts, interest rates, and homebuilder demand is relevant. D.R. Horton (DHI): Already reported (July 22, 2025). PulteGroup (PHM): Already reported (July 22, 2025). 07/24/2025 LHX
Beat Expectations (for both EPS and Revenue) Raised Guidance (for full-year non-GAAP EPS, sales, and free cash flow) The Company reported $2.78 non-GAAP diluted EPS on $5.4 billion in revenue, with a 15.9% Adjusted segment operating margin. Expectations were for $2.58 EPS on $5.2 billion in revenue. Non-GAAP diluted EPS grew by 16% (from $2.40 in Q2 2024), revenue grew by 2% (6% organically), and Adjusted segment operating margin changed by +0.8% from the year-ago period (15.1% in Q2 2024).
Non-financial metrics were:
Orders: $8.3 billion, leading to a strong book-to-bill ratio of 1.5x. Organic Growth: Strongest top-line organic growth in six quarters. Segment Performance: Mission Systems, Aeronautics Systems, and Defense Systems drove strong operating income growth. Free Cash Flow: $637 million, down from $1.1 billion in Q2 2024. Shareholder Returns: Repurchased nearly $900 million in stock in H1 2025, and announced a 12% increase in quarterly dividend. The company guided as follows, which reflected the following changes:
Full-year 2025 non-GAAP EPS: Raised to $11.85 - $12.10 (from $11.60 - $11.90 previously). This is higher than previous guidance and likely above current analyst expectations. Full-year 2025 Sales: Raised to $21.7 billion - $22.0 billion (from $21.5 billion - $21.8 billion previously). This is higher than previous guidance and likely above current analyst expectations. Full-year 2025 Free Cash Flow: Raised to $2.7 billion - $2.9 billion (from $2.5 billion - $2.8 billion previously). This is higher than previous guidance and likely above current analyst expectations. The company also increased its 2026 outlook, reflecting sustained profitable growth. The most prevalent analyst questions were focused on:
The drivers behind the strong organic revenue growth and segment operating margin expansion. The outlook for defense spending and how the company is positioned for long-term growth. The company's strategy to address the decline in Space Systems revenue (as observed for Northrop Grumman as well). The plan to generate stronger free cash flow in the second half of the year. Details on the company's "Trusted Disruptor" strategy and "LHX NeXt" initiatives. Market reaction was: L3Harris Technologies shares reacted very positively, surging by over 7% on Wednesday. The significant beat on both EPS and revenue, strong book-to-bill, and the raised full-year guidance for EPS, sales, and free cash flow (in contrast to some peers who cut guidance) instilled high investor confidence. The market saw this as a clear inflection point for the company's growth trajectory.
This report could be indicative for other stocks which:
Are in the Aerospace & Defense Sector: LHX's strong organic growth, order intake, and raised guidance indicate robust demand in the defense sector, especially for advanced technologies and mission systems. General Dynamics (GD): Already reported (July 23, 2025) and also had a strong report. Northrop Grumman (NOC): Already reported (July 22, 2025) and also had a strong report with raised guidance. Lockheed Martin (LMT): Already reported (July 22, 2025) and experienced a decline due to program charges, offering a contrast. Boeing (BA): Expected to report Q2 2025 on Tuesday, July 29, 2025, before market open. 07/24/2025 KDP
Met Expectations (for EPS) and Beat Expectations (for Revenue) Maintained Guidance (for full-year sales and adjusted EPS) Stock Price Was Unchanged (or slight positive movement) The Company reported $0.49 adjusted EPS on $4.16 billion in revenue. Expectations were for $0.49 EPS on $4.13 billion in revenue. Adjusted EPS grew by 8.9% (from $0.45 in Q2 2024), revenue grew by 6.1% (7.2% organic). While a specific gross profit margin wasn't immediately stated, the company reported strong operating income growth.
Non-financial metrics were:
Net Sales Growth: 6.1% reported, 7.2% organic. Growth by Segment: U.S. Refreshments (beverages) net sales +5.2%; Canada Refreshments +8.1%; Latin America Beverages +16.0%; Coffee Systems net sales +3.4%. Coffee Systems: Strong pod volume growth and brewer sales. Cash Flow from Operations: $650 million. Shareholder Returns: Returned $200 million through dividends and share repurchases. The company guided as follows, which reflected the following changes:
Full-year 2025 net sales growth: Reaffirmed at 6% to 7%. This is in line with previous guidance and expectations. Full-year 2025 adjusted EPS growth: Reaffirmed at 8% to 10%. This is in line with previous guidance and expectations. The company highlighted its ability to navigate a challenging consumer environment through pricing and innovation. The most prevalent analyst questions were focused on:
The sustainability of price realization in a potentially softer consumer environment. The outlook for volume growth across different beverage categories and geographies. The performance of the Coffee Systems segment, particularly brewer sales and pod consumption. The company's ability to manage supply chain costs and inflation. The impact of new product introductions and marketing initiatives. Market reaction was: Keurig Dr Pepper shares were relatively unchanged or showed only slight positive movement after the earnings report. Despite meeting EPS expectations and beating on revenue, the stock's muted reaction suggests that the results were largely priced in, and the reaffirmed guidance (rather than a raise) in a volatile market led to a neutral investor response.
This report could be indicative for other stocks which:
Are in the Beverage / Consumer Packaged Goods (CPG) Sector: KDP's performance on pricing, volume, and consumer demand provides insights for peers. Coca-Cola (KO): Already reported (July 22, 2025) and showed volume declines despite strong pricing. PepsiCo (PEP): Already reported (July 17, 2025). Monster Beverage (MNST): Typically reports early August. Are exposed to consumer spending trends and inflation impacts: KDP's ability to pass on costs through pricing is a key factor for CPG companies. 07/24/2025 R
Beat Expectations (for EPS and Revenue) Raised Guidance (for full-year comparable EPS and free cash flow) The Company reported $3.32 comparable EPS on $2.6 billion in operating revenue. Expectations were for $3.15 EPS on $2.55 billion in revenue. Comparable EPS grew by 11% (from $2.99 in Q2 2024), operating revenue grew by 2%, and the pretax earnings margin for the FMS (Fleet Management Solutions) segment was 4.8% (down from 7.0% in Q2 2024), while SCS (Supply Chain Solutions) segment's pretax earnings margin was 8.1% (up from 7.2% in Q2 2024). Overall profitability was strong due to contractual earnings.
Non-financial metrics were:
FMS Segment: Operating revenue up 1% (2% ChoiceLease growth), but pretax earnings down due to weaker used vehicle sales. SCS Segment: Operating revenue up 3% (new business, higher volumes, improved omnichannel performance), pretax earnings up 16%. DTS Segment: Operating revenue down 3%, but pretax earnings up 1% due to acquisition synergies despite lower fleet count. Used Vehicle Pricing (year-over-year): Tractors and trucks declined 17%. Sequentially, tractor pricing increased 3%, while truck pricing decreased 10%. Rental Power Fleet Utilization: 70%, up from 69% on a 7% smaller fleet. Free Cash Flow (YTD): $461 million, up significantly from $71 million in prior year. Shareholder Returns: Raised quarterly dividend 12% annually; repurchased $330 million year-to-date. The company guided as follows, which reflected the following changes:
Full-year 2025 comparable EPS: Raised to $12.85 – $13.30 (from $12.00 previously). This is higher than previous guidance and likely above current analyst expectations. Full-year 2025 Free Cash Flow: Raised to $900 million – $1.0 billion (from $400 million – $500 million previously). This is a significant increase to previous guidance and likely above current analyst expectations, primarily due to lower capital expenditures and a $200 million benefit from permanent tax bonus depreciation. Full-year 2025 lease capex forecast: Lowered by $300 million to $1.8 billion. Full-year 2025 rental capex: Maintained at $300 million. The most prevalent analyst questions were focused on:
The drivers behind the significant increase in free cash flow guidance, particularly the impact of tax benefits and capex reductions. The outlook for the used vehicle market and its impact on FMS segment profitability. The growth trajectory of the SCS segment and its contribution to overall earnings stability. The company's capital allocation strategy, balancing fleet investment with shareholder returns and debt reduction. The overall demand environment for fleet management and supply chain solutions. Market reaction was: Ryder shares reacted very positively, with the stock rising significantly following the earnings report. The strong beat on both EPS and revenue, coupled with a substantial increase in full-year comparable EPS and free cash flow guidance, instilled high investor confidence. The market appreciated the strong contractual earnings, capital allocation discipline, and the improved cash flow outlook despite some challenges in the used vehicle market.
This report could be indicative for other stocks which:
Are in the Trucking, Logistics, and Fleet Management sectors: Ryder's performance provides insights into fleet demand, used vehicle markets, and supply chain activity. J.B. Hunt Transport Services (JBHT): Typically reports mid-July. Old Dominion Freight Line (ODFL): Typically reports late July. PACCAR (PCAR): Already reported (July 22, 2025). Are exposed to industrial and retail supply chain trends: The strength in SCS indicates continued demand for logistics services. July 23, 2025
7/23/2025 - GOOG (1) Beat Expectations; (2) Raised Guidance; (3) Stock Price Rose
The Company reported $2.31 EPS on $96.43 billion in revenue, with a 32.4% operating margin (used as a proxy for gross profit margin). Expectations were for $2.19 EPS on $93.98 billion in revenue. EPS grew by 22% (from $1.89 in Q2 2024), revenue grew by 13.8%, and operating margin was unchanged (0%) from the year-ago period (32.4% in Q2 2024).
Non-financial metrics were:
Google Search Revenue: $54.19 billion (up 11.7% YoY, beating estimates). Google Cloud Revenue: $13.62 billion (up 32% YoY, beating estimates, with operating income more than doubling to $2.83 billion, reaching 20.7% operating margin from 11.3% a year ago). YouTube Advertising Revenue: $9.80 billion (up 13% YoY, beating estimates). Subscriptions, Platforms & Devices Revenue: $11.20 billion (up 20% YoY, a strong performer). Free Cash Flow Margin: 5.5% (down from 15.9% in Q2 2024, due to increased capex). The company guided as follows, which reflected the following changes:
Full-year 2025 capital expenditures: Increased to approximately $85 billion (significantly raised from prior implied levels). This reflects robust demand for Cloud products and services and increased investment in AI infrastructure. This is higher than analyst expectations for capex. While explicit full-year revenue/EPS guidance wasn't immediately highlighted as changed, the strong Q2 performance and increased capex signal continued investment and confidence, which is generally in line with optimistic prior outlooks but with a greater emphasis on AI-driven spend. The most prevalent analyst questions were focused on:
The impact of AI Overviews and generative AI on Google Search's core advertising business and user behavior. The continued profitability and growth trajectory of Google Cloud, particularly the significant margin expansion. The drivers behind the substantial increase in capital expenditures and how this investment will translate into future revenue and competitive advantages in AI. The outlook for advertising spending across different formats (Search, YouTube) in the second half of 2025. The potential implications of the upcoming antitrust ruling regarding Google's search monopoly, though the company generally avoids direct commentary on ongoing legal matters. Market reaction was: Alphabet shares reacted positively, with the stock rising slightly by 0.19% in after-hours trading immediately following the earnings release, despite a significant increase in capital expenditure. The strong beat on both EPS and revenue, particularly the impressive growth and profitability of Google Cloud, and solid performance across Search and YouTube, reassured investors about the company's core businesses and AI investments. While the capex jump will impact near-term free cash flow, the market appears to view it as a necessary and strategic investment for long-term growth in AI.
This report could be indicative for other stocks which:
Are major digital advertising platforms: Google's ad revenue performance, especially in Search and YouTube, provides a critical barometer for the health of the online advertising market. Meta Platforms (META): Expected to report Q2 2025 earnings on Wednesday, July 31, 2025, after market close. Amazon (AMZN): Their advertising business will also be watched. Expected to report Q2 2025 earnings on Thursday, August 1, 2025, after market close. Are cloud computing providers (Hyperscalers): Google Cloud's strong revenue growth and significant margin expansion indicate robust enterprise demand for cloud services and AI infrastructure. Microsoft (MSFT): Expected to report Q4 2025 (fiscal) earnings on Tuesday, July 30, 2025, after market close. (Azure is a direct competitor to Google Cloud). Amazon (AMZN): AWS is a key competitor. Expected to report Q2 2025 earnings on Thursday, August 1, 2025, after market close. Are major AI players or AI infrastructure providers: Google's massive capex increase for AI infrastructure underscores the significant investment trend in the AI space. NVIDIA (NVDA): Expected to report Q2 2025 (fiscal) earnings in mid-August (specific date TBD, likely around August 14 or 21, 2025), after market close. (Key beneficiary of hyperscaler AI spending). Microsoft (MSFT): Also heavily investing in AI infrastructure for Azure and Copilot. AMD (AMD): Expected to report Q2 2025 earnings on Tuesday, July 30, 2025, after market close. (Also a major AI chip provider).
7/23/2025 GD 2Q2025 Earnings Beat Expectations (for both EPS and Revenue) Maintained Guidance (for full-year sales and EPS, with positive commentary on cash flow); Stock Price Rose
The Company reported $3.74 EPS on $13.0 billion in revenue. Expectations were for $3.59 EPS on $12.35 billion in revenue. EPS grew by 14.7% (from $3.26 in Q2 2024), revenue grew by 8.9%, and the operating margin was 10.0%, a change of +0.3% from the year-ago period (9.7% in Q2 2024).
Non-financial metrics were:
Consolidated Book-to-Bill Ratio: 2.2-to-1 for the quarter (2.4-to-1 for defense segments, 1.3-to-1 for aerospace), indicating strong order activity. Orders: Totaled $28.3 billion in the quarter. Backlog: Record $103.7 billion at quarter-end, up 14% year-over-year. Total Estimated Contract Value: Over $160 billion (including options and IDIQ contracts), an all-time high. Cash from Operating Activities: $1.6 billion, 158% of net earnings. Debt Reduction: Reduced total debt by $897 million. Segment Revenue Growth: Marine Systems (+22.2%), Aerospace (+4.2%), Technologies (+5.5%), Combat Systems (-0.2%). Gulfstream Deliveries: Delivered 38 Gulfstream jets, including 15 G700s, with G800 deliveries expected to begin in Q3. The company guided as follows, which reflected the following changes:
Full-year 2025 revenue: Maintained at approximately $51.2 billion. This is in line with analyst expectations and previous guidance. Full-year 2025 operating margin: Expected at 10.3%. Full-year 2025 EPS: Forecast at approximately $15.12. This is in line with analyst expectations and implies a strong second half. Anticipates a strong second half of the year, with the majority of cash generation in Q4, leading to a full-year cash conversion rate around 90% (an improvement from original forecasts). This indicates maintained confidence and potentially an implicit raise for free cash flow outlook. The most prevalent analyst questions were focused on:
The sustainability of the strong order activity in Marine and Aerospace segments. The outlook for Combat Systems given the slight revenue decline. The expected impact and timing of G800 deliveries on Aerospace revenue and margins. The company's capital allocation priorities, specifically further debt reduction versus shareholder returns, given strong cash flow. The supply chain health and its ability to support current and future production rates. Market reaction was: General Dynamics shares responded very positively, rising by over 6% on Wednesday. The significant beat on both EPS and revenue, strong backlog growth to record levels, robust cash flow generation, and the reaffirmation of full-year guidance (especially given some recent cuts from peers) instilled high investor confidence. The market interpreted the strong operational performance and positive outlook as a strong signal amidst defense industry dynamics.
This report could be indicative for other stocks which:
Are in the Aerospace & Defense Sector: GD's strong performance, particularly its robust backlog and positive commentary on demand (especially for Marine and Aerospace), contrasts with some of the challenges faced by peers. Boeing (BA): Expected to report Q2 2025 earnings on Tuesday, July 29, 2025, before market open. GD's strong aerospace performance could be a positive read-through, though BA faces unique production and quality challenges. L3Harris Technologies (LHX): Expected to report Q2 2025 earnings on Thursday, July 24, 2025, before market open. Textron (TXT): Expected to report Q2 2025 earnings on Thursday, July 24, 2025, before market open. TransDigm Group (TDG): Expected to report Q3 2025 (fiscal) earnings in early August (specific date TBD). 7/23/2025 - GEV 2Q2025 Earnings: (1) (a) Beat Expectations (both EPS and Revenue), (2) (a) Raised Guidance, (3) (a) Stock Price Rose.
The Company reported $1.86 adjusted EPS on $9.11 billion in revenue. Expectations were for $1.60 EPS on $8.8 billion in revenue. Adjusted EPS grew by 162% (from $0.71 in Q2 2024), revenue grew by 11%, and the adjusted EBITDA margin (a key profitability metric for GEV, used as proxy for gross profit margin) was 8.5%, which changed by +2.1% from the year-ago period (6.4% in Q2 2024).
Non-financial metrics were:
Orders: $12.4 billion, +4% organically, indicating continued strong demand in Power and Electrification. Backlog: Expanded 13.2% to $128.7 billion, with equipment backlog growing from $43 billion in Q4 2024 to $50 billion in Q2 2025. Gas power slot reservations: Increased from 50 GW to 55 GW. Power division revenue: Up 9% with EBITDA margin expanding from 13.8% to 16.4%. Electrification division revenue: Up 20% with EBITDA margin nearly doubling from 7.2% to 14.6%. Wind division: Continued to struggle, with EBITDA losses worsening. Free Cash Flow: $0.2 billion. The company guided as follows:
Full-year 2025 revenue: Expected to trend towards the higher end of its $36 billion to $37 billion range (previously $36 billion to $37 billion). This is raised compared to previous guidance and above analyst consensus for the full year of $37.26 billion at the lower end. Full-year 2025 adjusted EBITDA margin: Raised to 8% to 9% (previously high-single digits). This is raised compared to previous guidance. Full-year 2025 free cash flow: Raised to $3.0 billion to $3.5 billion (previously $2.0 billion to $2.5 billion). This is raised compared to previous guidance. The guidance includes an expected tariff impact towards the lower end of a $300 million to $400 million range. The most prevalent analyst questions were focused on:
The continued strength and margin expansion in the Power and Electrification segments and the drivers behind this performance. The ongoing challenges in the Wind segment and strategies to improve its profitability. The impact of tariff headwinds and how the company plans to mitigate these, especially in the wind business. The outlook for backlog growth and its translation into future revenue. The broader market trends in energy transition, including the surge in electricity demand from AI and data centers. Market reaction was: GE Vernova shares rose significantly, climbing over 4% in premarket trading and sustaining strong gains throughout the day. The substantial beat on both earnings and revenue, coupled with the raised full-year guidance for revenue, adjusted EBITDA margin, and free cash flow, instilled strong investor confidence despite ongoing challenges in the Wind segment.
This report could be indicative for other industrial and power generation companies. For example:
Bloom Energy (BE): A developer of fuel cell systems, expected to report Q2 2025 results on July 31, 2025. Strong performance from GEV's Power and Electrification segments could suggest a robust demand environment for energy infrastructure.
7/23/2025 - TMO 2Q2025 Earnings [Beat Estimates, Raised Guidance, Stock Appreciated]: The Company reported $5.36 adjusted EPS on $10.85 billion in revenue, with a 41.2% gross profit margin. Expectations were for $5.22 EPS on $10.65 billion in revenue. Adjusted EPS was flat (declined 0.2%) from $5.37 in Q2 2024, revenue grew by 2.9% (2% organic), and gross profit margin changed by -0.8% from the year-ago period (42.0% in Q2 2024).
Non-financial metrics were:
Organic Revenue Growth: 2%. Life Sciences Solutions (+6.1%) and Lab Products & Biopharma Services (+4.1%) segments showed strong growth. Analytical Instruments declined 3%, and Specialty Diagnostics grew 1.5%. Free Cash Flow: $637 million, down from $1.1 billion in Q2 2024, but expects stronger generation in H2. Capital Deployment: Agreement to acquire Solventum's Purification & Filtration business and $2 billion in share repurchases in Q1. New Product Launches: Launched next-generation instruments including the Thermo Scientific Orbitrap Astral Zoom mass spectrometer. The company guided as follows, which reflected the following changes:
Full-year 2025 revenue: Raised the lower end to $43.6 billion to $44.2 billion (from $43.3 billion to $44.2 billion). This is slightly higher than analyst estimates for the full year. Full-year 2025 adjusted EPS: Raised to $22.22 to $22.84 (from $21.76 to $22.84). This also is a slight increase to the lower end, suggesting cautious optimism. Anticipates a $400 million revenue headwind from US-China tariffs and a $500 million reduction from US Academic/Government policy changes affecting clinical trials. Expects market conditions to gradually improve, leading to accelerated growth in the next two years. The most prevalent analyst questions were focused on:
The demand environment across different end markets, particularly academic and government, and the outlook for recovery. The impact of tariffs and policy changes on revenue and profitability, and mitigation strategies. The performance and integration plans for recent acquisitions (e.g., Solventum's Purification & Filtration). The drivers of gross margin contraction and the path to margin expansion. The outlook for free cash flow generation in the second half of the year given the Q2 decline. Market reaction was: Thermo Fisher shares surged 12.3% in the afternoon session on Wednesday, despite the modest year-over-year adjusted EPS decline and gross margin contraction. The significant positive reaction was driven by Q2 revenue and adjusted EPS beats, combined with the raised full-year revenue and adjusted EPS guidance. Investors interpreted the guidance raise (even if slight) and management's commentary about operational agility and market share gains as strong signs of resilience and future performance despite macroeconomic headwinds.
This report could be indicative for other stocks which:
Are in the Life Sciences Tools & Services / Lab Equipment sector: TMO is a leader, and its results offer insights into R&D spending, biopharma activity, and academic funding. Danaher (DHR): Reported Q2 2025 on Wednesday, July 23, 2025, before market open. (Similar industry, so TMO's positive read-through on demand is relevant). Agilent Technologies (A): Typically reports late August (fiscal Q3). Bio-Rad Laboratories (BIO): Typically reports late July/early August. PerkinElmer (PKI): Typically reports early August.
July 22, 2025
7/22/2025 - T 2Q2025 Earnings [Beat Estimates, Inline Guidance, Stock Declined]: reported $0.54 adjusted EPS on $30.8 billion in revenue. Expectations were for $0.53 EPS on $30.5 billion in revenue. Adjusted EPS grew by 5.9% (from $0.51 in Q2 2024), revenue grew by 3.5%, and adjusted EBITDA margin (a key profitability metric for telecom, used in lieu of gross profit margin) was 38.0%, a change of +0.1% from the year-ago period (37.9% in Q2 2024).
Non-financial metrics were:
Postpaid Phone Net Additions: 401,000, slightly below 419,000 in Q2 2024 but still strong. AT&T Fiber Net Additions: 243,000, continuing consistent growth. Internet Air (Fixed Wireless Access) Net Additions: 203,000, surpassing 1 million total subscribers. Free Cash Flow: $4.4 billion, up 10% from $4.0 billion a year ago. Fiber Locations Passed: Reached over 30 million, ahead of schedule. The company guided as follows, which reflected the following changes:
Full-year 2025 consolidated service revenue growth: Reaffirmed at low-single-digit percentage. (In line with previous guidance). Full-year 2025 Mobility service revenue growth: Expected to be at least 3%. (Raised from the higher end of the 2-3% range). Full-year 2025 Consumer Fiber broadband revenue growth: Expected to be in the mid-teens percent. (Slightly lowered from mid-to-high teens projection in Q1). Full-year 2025 adjusted EBITDA growth: Forecast to be 3% or more. (In line with previous guidance). Full-year 2025 Free Cash Flow: Maintained at low-to-mid $16 billion. (In line with previous guidance). Full-year 2025 adjusted EPS: Expected between $1.97 and $2.07. (In line with previous guidance). Announced plans to accelerate share repurchases to $4 billion by year-end and leverage cash tax savings of $6.5 billion to $8 billion (2025-2027) for fiber deployment. The most prevalent analyst questions were focused on:
The deceleration in postpaid phone net additions compared to prior quarters and the competitive dynamics in the wireless market. The continued robust fiber growth and its operational and financial benefits, particularly against the backdrop of slowing growth in some other broadband technologies. The ongoing decline in the Business Wireline segment and the timeline for stabilization as legacy services are retired. The company's capital allocation strategy, specifically the increased share repurchases and the use of tax savings for network investment. The impact of the DIRECTV stake sale on future financial reporting and strategic focus. Market reaction was: AT&T shares reacted negatively, initially falling over 4% in pre-market trading and closing down around 4.6% on Wednesday. Despite beating both EPS and revenue estimates and delivering strong free cash flow, the market's concern seemed to center on the softening postpaid phone net additions, the slight moderation in fiber revenue growth guidance, and the persistent decline in Business Wireline. Investors are keen on seeing continued acceleration in core wireless and fiber to justify growth projections.
This report could be indicative for other stocks which:
Are in the Telecommunications / Wireless Industry: AT&T's subscriber trends, ARPU, and free cash flow generation are key indicators for peers. T-Mobile (TMUS): Expected to report Q2 2025 earnings on Thursday, July 25, 2025, before market open. Verizon (VZ): Already reported Q2 2025 (on July 22, 2025), and also showed strong broadband additions (especially fixed wireless) but some postpaid phone losses. AT&T's results offer a point of comparison. Are Internet Service Providers (ISPs) focused on Fiber/Broadband: The strong fiber additions and ARPU growth demonstrate continued demand for high-speed wireline connections. Frontier Communications (FYBR): Typically reports late July/early August. Lumen Technologies (LUMN): Typically reports late July/early August. Are exposed to Business Wireline trends: The ongoing declines in this segment for AT&T could reflect broader industry challenges.
7/22/2025 - ISRG 2Q2025 earnings [Beat Estimates, Inline Guidance, Stock Declined]: The Company reported $2.19 adjusted EPS on $2.44 billion in revenue, with a 67.9% gross profit margin. Expectations were for $1.92 EPS on $2.35 billion in revenue. Adjusted EPS grew by 23% (from $1.78 in Q2 2024), revenue grew by 21%, and gross profit margin changed by -2.1% from the year-ago period (70.0% in Q2 2024).
Non-financial metrics were:
Worldwide da Vinci procedures: Grew approximately 17% compared to Q2 2024, continuing to drive recurring instrument and accessory sales. da Vinci surgical system placements: Placed 395 systems, up from 341 in Q2 2024. This included 180 da Vinci 5 systems, compared to 70 in the prior year, indicating strong adoption of their newest platform. Installed base of da Vinci systems: Grew 14% to 10,488 systems as of June 30, 2025. Ion procedure volume: Grew approximately 52%. SP (Single Port) procedure volume: Surged 88%. Cash and investments: Ended the quarter with $9.53 billion, up $431 million from the previous quarter. Received European certification (EU MDR) and Japanese regulatory clearance for the da Vinci 5 surgical system. The company guided as follows:
Full-year 2025 worldwide da Vinci procedure growth: Adjusted to approximately 15.5% to 17% (compared to 17% in 2024). This is a slight adjustment to the previous outlook for procedure growth. Full-year 2025 non-GAAP gross profit margin: Expected to be within a range of 66% and 67% of revenue (compared to 69.1% in 2024, and previous guidance was 66-67%). This reflects an estimated impact from tariffs of 1.0% of revenue. The guidance implies a slight contraction from previous year's actual, partly due to tariffs and mix. Full-year 2025 non-GAAP operating expense growth: Maintained at 10% to 14%. This guidance compared to:
Expectations: The company's strong Q2 performance and reaffirmation of strong procedure growth were generally in line or slightly better than what analysts expected for the full year, although the gross margin guidance reflected ongoing tariff impacts. Previous Guidance: The procedure growth outlook was slightly refined, and gross profit margin guidance maintained, reflecting the impacts of tariffs. The most prevalent analyst questions were focused on:
The international rollout and adoption of the da Vinci 5 system in Europe and Japan, especially given the new regulatory clearances. The sustainability of procedure growth rates across different surgical specialties and geographies, particularly given some ongoing budgetary pressures in international markets (Japan, China, Europe). The impact of declining gross margins due to higher facilities costs, service costs related to da Vinci 5, and the mix shift towards lower-margin ION and da Vinci 5 revenue. The competitive landscape in the robotic surgery market and how Intuitive plans to maintain its leadership. The future utilization and growth trajectory of newer platforms like Ion and SP. Market reaction was: Intuitive Surgical shares responded with a mixed reaction, initially falling by more than 4% in after-hours trading despite beating both earnings and revenue expectations, and reporting strong procedure growth and system placements. The stock then closed down slightly (~1%) in regular trading on Wednesday. The negative reaction was likely due to the contraction in gross profit margin, continued international system placement challenges (possibly related to budgetary pressures in certain regions), and concerns about the stock's already high valuation. Investors might also be assessing potential risks cited in forward-looking statements or looking for even stronger catalysts for a company with such a premium valuation.
This report could be indicative for other stocks which:
Are in the Medical Devices/Surgical Robotics space: Intuitive Surgical is a bellwether for robotic surgery. Its strong procedure growth indicates continued adoption of minimally invasive techniques, which could benefit competitors or complementary technology providers. Medtronic (MDT): Reports Q1 2026 earnings (fiscal year) around mid-August 2025. Johnson & Johnson (JNJ): Already reported, but their MedTech segment (which includes surgical devices) will be watched for broader trends in procedure volumes. Stryker (SYK): Typically reports late July or early August. (e.g., Q2 2025 report expected around July 30, 2025, after market close). Zimmer Biomet (ZBH): Also typically reports late July or early August. (e.g., Q2 2025 report expected around July 31, 2025, before market open). Have significant international exposure: Commentary on "macro challenges" and "budgetary pressures" in Japan, China, and Europe could be relevant for other multinational healthcare and medical device companies. Are launching new, high-value platforms: The adoption rate of da Vinci 5 and its impact on margins can offer insights into the challenges and opportunities for other companies introducing innovative but potentially lower-margin new products.
7/22/2025 - TXN [Beat Estimates, Raised Guidance, Stock Declined] The Company reported $1.41 EPS on $4.45 billion in revenue, with a 58.0% gross profit margin. Expectations were for $1.35 EPS on $4.35 billion in revenue. EPS grew by 15.6% (from $1.22 in Q2 2024), revenue grew by 16%, and gross profit margin changed by +1.1% from the year-ago period (56.9% in Q2 2024). EPS included a $0.02 benefit that was not in the original guidance. Market reaction was based on cautious and reticent tone on tariffs and other macro-economic drivers of business.
Non-financial metrics were:
Revenue by Segment: Analog revenue increased 18% year-over-year; Embedded Processing grew 10%; Other segment grew 14%. All segments grew year-over-year and sequentially. Market Performance: Industrial market increased by upper teens year-over-year and mid-teens sequentially, showing broad recovery across all sectors. Personal Electronics grew 25% year-over-year. Enterprise Systems grew 40% year-over-year. Communications Equipment grew over 50% year-over-year. Automotive market grew mid-single digits year-over-year but declined low single digits sequentially. China Revenue: Showed significant sequential growth of 19% and year-over-year growth of 32%. Free Cash Flow (TTM): $1.8 billion, reflecting a period of significant capital-intensive investment. Capital Return: Returned $1.5 billion to owners in Q2 2025, including $1.2 billion in dividends and $302 million in share repurchases. Inventory: $4.8 billion, up $125 million sequentially, with inventory days at 231 (down 9 days sequentially), indicating continued focus on optimizing inventory amidst demand signals. The company guided as follows, which reflected the following changes:
Q3 2025 revenue: Expected in the range of $4.45 billion to $4.80 billion. This implies a sequential growth of 0% to 8% and a year-over-year change of -6% to +0%. This guidance came roughly in line with Street estimates, but may imply a slower pace of demand recovery than some had hoped for. Q3 2025 EPS: Expected in the range of $1.36 to $1.60. This outlook does not include changes related to recently enacted U.S. tax legislation and assumes an effective tax rate of about 12% to 13%. The midpoint ($1.48) is slightly below consensus for Q3, which might have contributed to the market's initial cautious reaction. The company noted that the semiconductor cycle is continuing to recover, with customer inventories remaining at low levels. However, management also cautioned that some demand in Q2 2025 may reflect temporary inventory loading tied to tariff risks, leading to a conservative tone for near-term guidance. The most prevalent analyst questions were focused on:
The sustainability and breadth of the recovery in the industrial market across different geographies, especially China. The outlook for the automotive market given the sequential decline. The impact of geopolitical uncertainties, particularly tariffs and trade policies, on customer ordering patterns and future supply chain stability. The company's capital expenditure plans and their long-term impact on manufacturing capacity, cost structure, and competitive advantage, especially with significant U.S. chip production investments planned. The strategy for managing inventory levels and channel dynamics as demand evolves and geopolitical risks persist. Market reaction was: Texas Instruments shares experienced an initial decline of over 8% in after-hours trading immediately following the earnings release, though it then narrowed to a 0.36% decline by day's end. Despite a strong Q2 earnings beat on both the top and bottom lines and year-over-year growth, the market's cautious reaction was largely attributed to the Q3 guidance. While the revenue outlook was generally in line, the EPS midpoint was slightly below some expectations, and management's commentary about potential "inventory loading" due to tariff risks and a generally conservative outlook for the demand environment dampened enthusiasm. This suggests investors are looking for stronger signs of sustained recovery in the broader semiconductor cycle.
This report could be indicative for other stocks which report on dates & times: Texas Instruments' performance is often considered a key indicator for the broader semiconductor industry, particularly for companies focused on analog and embedded processing, and diversified end markets like industrial and automotive. Its commentary on inventory levels, end-market demand trends (especially the industrial recovery vs. automotive softness), and the overall chip cycle provides insights for:
Intel (INTC): Expected to report Q2 2025 earnings on Thursday, July 24, 2025, after market close. Qualcomm (QCOM): Expected to report Q3 2025 (fiscal) earnings on Wednesday, July 31, 2025, after market close. NVIDIA (NVDA): Expected to report Q2 2025 (fiscal) earnings in mid-August (specific date usually announced closer to the time, likely around August 14 or 21, 2025), after market close. Analog Devices (ADI) / Microchip Technology (MCHP): Other analog and embedded chipmakers typically report later in July or early August. Their performance will be closely watched for similar demand trends.
7/22/2025 - KO [Beat Estimates, Maintained guidance, Stock Declined] The Company reported $0.87 adjusted EPS on $12.5 billion in revenue, with a 34.7% comparable operating margin (used as a key profitability metric). Expectations were for $0.83 EPS on $12.5 billion in revenue. Adjusted EPS grew by 3.6% (from $0.84 in Q2 2024), revenue grew by 1% (net revenues; organic revenues grew 5%), and comparable operating margin changed by +1.9% from the year-ago period (32.8% in Q2 2024).
Non-financial metrics were:
Global Unit Case Volume: Declined 1%, due to factors like adverse June weather and challenging comparisons. Price/Mix: Grew 6%, offsetting volume decline. Market Share: Gained value share in total nonalcoholic ready-to-drink (NARTD) beverages. Coca-Cola Zero Sugar volumes: Rose 14%, a bright spot. Operating Cash Flow: Negative $1.4 billion, reflecting a significant contingent consideration payment related to the fairlife acquisition; excluding this, free cash flow was $3.9 billion. The company guided as follows:
Full-year 2025 organic revenue growth: Reaffirmed at 5% to 6%. Full-year 2025 comparable currency-neutral EPS growth: Raised to approximately 8% (from previous guidance of 7-9%). Acknowledged a currency headwind of 1-2% on top-line and approximately 5% on bottom-line for the full year. Full-year 2025 comparable EPS growth: Expected to be approximately 3% (from $2.88 in 2024). The most prevalent analyst questions were focused on:
The decline in global unit case volume and strategies to reignite volume growth, especially outside of price increases. The sustainability of margin expansion given the flat revenue and currency headwinds. The specific impact of the fairlife contingent payment on cash flow and future financial flexibility. The performance of product segments like juice, dairy, plant-based, and sports drinks which saw volume declines. The overall health of consumer demand in various geographic markets. Market reaction was: Coca-Cola shares edged slightly lower, dipping nearly 1% in pre-market trading and experiencing some volatility during the day. Despite beating EPS estimates and showing strong margin expansion, the market's reaction was mixed due to the slight revenue miss, the 1% decline in global unit case volume, and the significant negative free cash flow (even if explained by a one-time payment). Investors seemed to be weighing the strong profitability against concerns about underlying demand.
7/22/2025 - GM [Beat Estimates, Maintained guidance, Stock Declined] The Company reported $2.53 adjusted EPS on $47.1 billion in revenue. Expectations were for $2.39 EPS (or $2.35 from some sources) on $46.25 billion in revenue. Adjusted EPS decreased by 17.3% (from $3.06 in Q2 2024), revenue decreased by 1.8% ($47.97 billion in Q2 2024). The company's adjusted EBIT margin was 6.4% compared to 9.3% in the year-ago period, indicating a change of -2.9%. TSLA to report 7/23/2025 AMC.
Non-financial metrics were:
U.S. Market Share: Increased to 17.4%, up 0.7 percentage points year-over-year. U.S. EV Sales: Grew significantly to 46,300 units in Q2 2025. Global Unit Sales: 1.54 million, up from 1.43 million in Q2 2024. Adjusted Automotive Free Cash Flow: $2.8 billion, a significant drop from $5.3 billion in Q2 2024. #1 in full-size pickup sales for the 6th consecutive year (~40% market share). #1 in full-size SUV sales for the 51st consecutive year (~60% market share). Record crossover sales, up 16% in Q2. China equity income: Positive $71 million, reversing a loss of $104 million in Q2 2024. Tariff impact: A significant $1.1 billion net negative impact on the quarter's profits. The company guided as follows:
Full-year 2025 adjusted EBIT: Maintained at $10.0 billion to $12.5 billion. Full-year 2025 adjusted EPS: Maintained at $8.25 to $10.00. Full-year 2025 adjusted automotive free cash flow: Maintained at $7.5 billion to $10.0 billion. Expects to offset approximately 30% of the $4-5 billion full-year tariff impact through manufacturing adjustments, cost initiatives, and pricing. The most prevalent analyst questions were focused on:
The significant impact of tariffs on profitability and the effectiveness of mitigation strategies. The sustainability of U.S. market share gains and the performance of key segments like trucks, SUVs, and crossovers. The profitability and ramp-up of EV production and sales, especially given the slower overall EV market growth. The outlook for China operations and the ability to maintain positive equity income. The decline in automotive operating cash flow and free cash flow year-over-year. Market reaction was: General Motors shares responded negatively, initially falling over 7% in pre-market trading and continuing to decline by the end of the day. Despite beating EPS and revenue expectations, investors focused on the significant drop in net income and adjusted EBIT, largely due to the $1.1 billion tariff hit, as well as the maintained (not raised) full-year guidance which now falls below some elevated analyst expectations. Concerns about the ongoing impact of trade policies and the cost of EV transitions weighed heavily on the stock.
7/22/2025 - DHI [Beat Estimates, Unclear on Direction of Guidance, Stock Appreciated] The Company reported $3.36 EPS on $9.2 billion in revenue, with a 21.8% home sales gross margin. Expectations were for $2.90 EPS on $8.78 billion in revenue. EPS decreased by 18% (from $4.10 in Q3 2024), revenue decreased by 7% (from $10.0 billion in Q3 2024), and home sales gross profit margin changed by -2.4% from the year-ago period (24.2% in Q3 2024). The consolidated pre-tax profit margin was 14.7% in Q3 2025, down from 18.1% a year ago, a change of -3.4%.
Non-financial metrics were:
Homes Closed: 23,160 homes, a 4% decrease year-over-year. Average Closing Price: $369,600, down 3% year-over-year. Net Sales Orders: 23,071 homes, flat year-over-year. Cancellation Rate: 17%, improved from 18% in the prior-year quarter. Active Selling Communities: Up 12% year-over-year. Return on Equity (Trailing 12-months): 16.1%. Share Repurchases: Repurchased 9.7 million shares for $1.2 billion in the quarter. The company guided as follows:
Full-year 2025 consolidated revenues: Narrowed to $33.7 billion to $34.2 billion (midpoint reduced slightly). Full-year 2025 homes closed: Narrowed to 85,000 to 85,500 homes. Q4 2025 home sales gross margin: Anticipated between 21.0% and 21.5%. Q4 2025 consolidated pre-tax profit margin: Anticipated between 13.6% and 14.1%. Full-year 2025 consolidated cash flow from operations: Expected to exceed $3.0 billion. The most prevalent analyst questions were focused on:
The strategies to drive demand and improve sales orders in a challenging housing market with affordability constraints. The outlook for home sales gross margins given the expectation of increased incentives and a slight decline in average closing prices. The company's approach to managing inventory and community count to optimize returns. The impact of mortgage interest rates on buyer sentiment and sales volumes. The effectiveness of share repurchase programs in creating shareholder value. Market reaction was: D.R. Horton shares showed a strong positive reaction, surging over 10% after the earnings release. Despite the year-over-year declines in EPS and revenue, the significant beat on both the top and bottom lines compared to analyst expectations, coupled with the improved cancellation rate and consistent focus on affordability, reassured investors. The market also reacted positively to the company's strong capital allocation (share repurchases) and disciplined management in a tough environment.
7/22/2025 - PHM [Beat Estimates, Unclear on Direction of Guidance, Stock Appreciated] The Company reported $3.03 EPS on $4.4 billion in revenue, with a 27.0% home sale gross margin. Expectations were for $2.95 EPS on $4.38 billion in revenue. EPS decreased by 15.4% (from $3.58 in Q2 2024), revenue decreased by 4.3% (from $4.6 billion in Q2 2024), and home sale gross profit margin changed by -2.9% from the year-ago period (29.9% in Q2 2024).
Non-financial metrics were:
Home Closings: 7,639 homes, a 6% decrease year-over-year. Average Sales Price: Increased by 2% to $559,000, partially offsetting lower closing volumes. Net New Orders (units): 7,083 homes, a 7% decrease year-over-year. Net New Orders (value): $3.9 billion, a 10.8% decrease year-over-year. Active Selling Communities (average): 994 communities, a 6% increase over Q2 2024. Unit Backlog: 10,779 homes, with a value of $6.8 billion. Share Repurchases: Repurchased $300 million of common shares in Q2. The company guided as follows:
Full-year 2025 closings: Set at 29,000 homes. Full-year 2025 average sales price: Expected to be approximately $1,130,000 per quarter (this number seems unusually high or represents a forward average, likely indicating a strong mix to higher-priced homes or a typo in the source). Q3 and Q4 2025 gross margins: Anticipated between 26.0% and 26.5%. Full-year 2025 cash flow: Aims to generate approximately $1.4 billion. The most prevalent analyst questions were focused on:
The impact of higher interest rates on affordability and demand, especially for first-time homebuyers. Strategies to address the decline in net new orders and unit closings. The outlook for gross margins in a competitive environment with potential for increased incentives. The company's approach to land investment and community growth. The performance of regional markets, particularly those experiencing significant declines (e.g., Florida and Texas) versus those showing growth (e.g., Northeast). Market reaction was: PulteGroup shares reacted positively, surging over 4.9% in premarket trading and closing up 1.4% on the day. Despite the year-over-year declines in EPS, revenue, and closings, the market reacted favorably to the earnings and revenue beat relative to expectations, the higher average sales price, and the consistent outperformance of earnings expectations. Investors likely also appreciated the disciplined financial management, strong gross margins, and commitment to shareholder returns.
7/22/2025 - LMT [Beat Estimates, Lowered Guidance, Stock Declined] The Company reported $1.46 GAAP EPS (or $7.29 adjusted EPS) on $18.16 billion in revenue. Expectations were for $6.49 adjusted EPS on $18.56 billion in revenue. GAAP EPS decreased by 78.7% (from $6.85 in Q2 2024), while adjusted EPS grew by 2.5% (from $7.11 in Q2 2024). Revenue inched up by 0.2% from the year-ago period ($18.12 billion). Segment operating profit margin was 3.1% (including significant charges) compared to 11.3% in Q2 2024, representing a change of -8.2%.
Non-financial metrics were:
Program Losses: Significant $1.6 billion in program losses, including $950 million on a classified Aeronautics program and $570 million on the Canadian Maritime Helicopter Program. Backlog: Strong backlog of $167 billion at quarter-end, with anticipated growth in the second half of 2025. F-35 Deliveries: 50 F-35 aircraft delivered in the quarter. Free Cash Flow: Usage of $150 million in free cash flow, compared to a positive $1.5 billion a year ago. Shareholder Returns: $1.3 billion returned via dividends and share repurchases. Sales by Segment: Aeronautics sales +2%, Missiles and Fire Control +11%, Space +3.5%, Rotary and Mission Systems -12% (due to program losses). The company guided as follows:
Full-year 2025 sales outlook: Maintained at $73.75 billion to $74.75 billion. Full-year 2025 segment operating profit: Lowered to $6.6 billion to $6.7 billion (from $8.1 billion to $8.2 billion), primarily due to the program charges. Full-year 2025 diluted EPS: Lowered to $21.70 to $22.00 (from $27.00 to $27.30). Full-year 2025 free cash flow: Maintained at $6.6 billion to $6.8 billion. The most prevalent analyst questions were focused on:
The nature and drivers of the significant program losses, especially the classified Aeronautics program, and measures to prevent future overruns. The reconciliation between the sharp cut in EPS guidance and the reaffirmed sales and free cash flow guidance. The outlook for free cash flow in 2026, which is projected to decline, and the reasons for this. The impact of F-35 Lot 18/19 awards and other expected contracts on future backlog and revenue. The company's strategy to improve profitability in the Rotary and Mission Systems (RMS) segment. Market reaction was: Lockheed Martin shares reacted very negatively, falling over 7% in premarket trading and closing down 9.10% on the day. Despite beating adjusted EPS estimates and maintaining full-year sales and free cash flow guidance, the market was heavily impacted by the staggering $1.6 billion in program losses, which dramatically reduced GAAP EPS and led to a significant cut in full-year EPS and segment operating profit guidance. Investors focused on the immediate hit to profitability and concerns about program execution risks.
7/22/2025 - NOC [Beat Estimates, Raised Guidance, Stock Appreciated] The Company reported $8.15 EPS on $10.35 billion (or $10.4 billion depending on rounding) in revenue, with an 11.8% segment operating margin. Expectations were for $6.71 EPS (or $6.82 from some sources) on $10.06 billion (or $10.07 billion) in revenue. EPS grew by 28% (from $6.36 in Q2 2024), revenue grew by 1.3% (or 1% reported, with 2% organic), and segment operating margin changed by +1.0% from the year-ago period (10.8% in Q2 2024). Note: The reported EPS includes a $1.04 benefit from a divestiture. Adjusted for this, EPS would be $7.11, still beating estimates.
Non-financial metrics were:
International Sales: Grew 18% year-over-year. Segment Sales Performance: Mission Systems sales up 13.9%, Aeronautics Systems up 5.1%, Defense Systems up 31.6%, Space Systems down 25.9%. Segment Operating Income Growth: Defense Systems (+32%) and Mission Systems (+22%) drove strong improvement. Free Cash Flow: $637 million, down from $1.1 billion in Q2 2024, but with expectations for stronger generation in H2. Shareholder Returns: Repurchased nearly $900 million in stock in H1 2025 and announced a 12% increase in quarterly dividend. Sentinel Program: Strong growth and positive earnings adjustment reflecting agreements and improved confidence in performance incentives. The company guided as follows:
Full-year 2025 MTM-adjusted EPS: Raised to $25.00 to $25.40 (from $24.95 to $25.35). Full-year 2025 Sales: Narrows to $42.05 billion to $42.25 billion (from $42.0 billion to $42.5 billion), with approximately 3% organic sales growth. Full-year 2025 Segment Operating Income: Raised to $4.28 billion to $4.38 billion (from $4.2 billion to $4.35 billion). Full-year 2025 Free Cash Flow: Raised to $3.05 billion to $3.35 billion (from $2.85 billion to $3.25 billion). Segment operating margin rate guidance increased for Defense Systems (mid-10%) and adjusted sales guidance for Mission Systems (low to mid $12B) and Space Systems (mid to high $10B). The most prevalent analyst questions were focused on:
The drivers behind the strong performance in Defense Systems and Mission Systems and whether this momentum is sustainable. The reasons for the decline in Space Systems revenue and the outlook for that segment. The company's strategy for international growth given the strong increase in sales. The expectations for free cash flow generation in the second half of the year to meet full-year guidance. Updates on key franchise programs like Sentinel and their contribution to future growth. Market reaction was: Northrop Grumman shares reacted very positively, surging over 8% in pre-market trading and closing up 7.86% on the day. The strong earnings beat, top-line beat, and, critically, the raised full-year EPS and free cash flow guidance (in contrast to competitor Lockheed Martin's guidance cut) instilled significant investor confidence. The market also appreciated the strong sequential growth across all segments and the increased dividend.
7/22/2025 - RTX [Beat Estimates, Raised Guidance, Stock Declined] The Company reported $1.56 adjusted EPS on $21.58 billion in revenue. Expectations were for $1.45 EPS on $20.68 billion in revenue. Adjusted EPS grew by 11% (from $1.41 in Q2 2024), revenue grew by 9% (9% organically excluding divestitures), and segment operating profit margin (a key profitability metric for RTX) was 12.5%, an improvement of +0.3% from the year-ago period (12.2% in Q2 2024).
Non-financial metrics were:
Book-to-bill ratio: 1.86, indicating strong demand. Backlog: Record $236 billion, up 15% year-over-year (with $144 billion commercial and $92 billion defense). Segment Sales Performance: Collins Aerospace sales up 8.9%, Pratt & Whitney sales up 12.2%, and Raytheon sales up 6.4%. Commercial Aftermarket Sales: Strong growth of 13% for the company overall (19% for Pratt & Whitney alone). Free Cash Flow: Negative $72 million, down significantly from $2.2 billion in Q2 2024, impacted by a four-week work stoppage at Pratt & Whitney. Shareholder Returns: Returned $0.9 billion to shareholders and raised the quarterly dividend by 8%. Divestiture: Agreement to divest Collins' Simmonds Precision Products for $765 million. The company guided as follows:
Full-year 2025 adjusted EPS: Lowered to $5.80 to $5.95 (from $6.00 to $6.15), primarily due to the expected impact from newly imposed U.S. tariffs and recent changes to tax legislation, estimated at $850 million annually. Full-year 2025 adjusted sales outlook: Raised to $84.75 billion to $85.5 billion (from a previous range of $84 billion to $85 billion). Full-year 2025 free cash flow: Confirmed at $7.0 billion to $7.5 billion. Anticipates a meaningful reduction in GTF (Geared Turbofan) Aircraft-on-Ground (AOGs) in the second half of the year. The most prevalent analyst questions were focused on:
The significant impact of tariffs and tax legislation on full-year EPS guidance and how the company plans to mitigate these headwinds. The reasons for the sharp decline in free cash flow in the quarter, specifically the impact of the Pratt & Whitney work stoppage. The outlook for Pratt & Whitney's GTF engine issues and the expected timing of AOG reductions. The sustainability of commercial aftermarket growth and overall demand trends in both commercial aerospace and defense. The strategy and impact of the Simmonds Precision Products divestiture. Market reaction was: RTX shares reacted negatively, falling by approximately 3.4% in pre-market trading and closing down around 1.5% on the day. Despite beating both top and bottom-line estimates and raising the sales outlook, the lowered full-year adjusted EPS guidance due to tariffs and tax legislation, along with the significant drop in free cash flow, concerned investors. This overshadowed the strong operational performance and record backlog.
7/22/2025 - SHW [Missed Estimates, Lowered Guidance, Stock Declined] reported $3.38 adjusted EPS on $6.31 billion in revenue, with a 49.4% gross profit margin. Expectations were for $3.80 EPS on $6.30 billion in revenue. Adjusted EPS decreased by 8.6% (from $3.70 in Q2 2024), revenue grew by 0.7%, and gross profit margin changed by +0.6% from the year-ago period (48.8% in Q2 2024).
Non-financial metrics were:
Paint Stores Group Sales: Up 2.3% due to price/mix, offsetting low-single-digit volume declines. Consumer Brands Group Sales: Down 4.1%, impacted by soft DIY demand in North America and unfavorable FX. Performance Coatings Group Sales: Down 0.3%, with growth in Packaging and Coil offset by decreases in other units. Gross Margin Expansion: This was the 12th consecutive quarter of year-over-year gross margin expansion. Shareholder Returns: Returned $716 million to shareholders through dividends and share repurchases. Restructuring Initiatives: Doubled full-year restructuring target to $105 million, expecting $80 million in annual savings. The company guided as follows:
Full-year 2025 adjusted EPS: Lowered to $11.20 to $11.50 (from $11.65 to $12.05 previously), primarily due to weaker-than-anticipated architectural sales volumes and supply chain inefficiencies. The demand environment is expected to remain "choppy" and potentially "deteriorate" in the second half of the year. Full-year 2025 SG&A expenses: Still expected to increase by a low-single-digit percentage. Full-year 2025 Capital Expenditures: Reduced by approximately 20% to $730 million (from previous guidance). The most prevalent analyst questions were focused on:
The deterioration in demand in the second quarter and the outlook for the second half of 2025, particularly in the DIY, new residential, and Coil Coatings segments. The drivers behind the EPS miss despite gross margin expansion, including higher non-operating costs and new building expenses. The effectiveness and expected savings from the accelerated restructuring initiatives. The competitive landscape and pricing strategies in a softer demand environment. The ability to offset volume declines with price/mix improvements. Market reaction was: Sherwin-Williams shares reacted negatively, dropping 2.34% in premarket trading and continuing to decline by the end of the day. Despite the slight revenue beat and continued gross margin expansion, the miss on EPS expectations and, more importantly, the downward revision of full-year adjusted EPS guidance due to soft demand and higher costs weighed heavily on investor sentiment. The outlook for a "softer for longer" demand environment contributed to the negative reaction.
7/22/2025 - EFX [Beat & Raised, Stock Appreciated] reported $2.00 adjusted EPS on $1.54 billion in revenue, with a 20.2% operating margin. Expectations were for $1.92 adjusted EPS on $1.51 billion in revenue. Adjusted EPS grew by 9.9% (from $1.82 in Q2 2024), revenue grew by 7.4% (8% in constant currency), and operating margin was in line with the year-ago period (20.2% in Q2 2024), indicating a change of 0.0%.
Non-financial metrics were:
Workforce Solutions Revenue: Up 8% year-over-year, driven by 10% Verifier revenue growth and 14% government revenue growth. U.S. Information Solutions (USIS) Revenue: Up 9%, with mortgage revenue up 20% and non-mortgage revenue up over 4%. International Information Solutions Revenue: Up 4.2% (6% in constant currency), with strong growth in Latin America (up 11%) and Europe (up 12%). Vitality Index: Increased to 14% (percentage of revenue from products introduced in the last three years), up from 11% in Q1 2025. Share Repurchases: Repurchased 483,068 shares for $127 million in Q2; also announced a new $3 billion share repurchase program over four years and a 28% dividend increase. Mortgage Revenue: Grew 9% despite market headwinds. The company guided as follows:
Full-year 2025 adjusted EPS: Narrowed and slightly raised to $7.33 to $7.63 (from $7.25 to $7.65), with the midpoint at $7.48. Full-year 2025 revenue: Slightly lifted to $5.97 billion to $6.04 billion (midpoint $6.01 billion), reflecting a 7% to 8% increase year-over-year. Q3 2025 adjusted EPS: Expected between $1.87 and $1.97. Q3 2025 revenue: Expected between $1.51 billion and $1.54 billion. Full-year 2025 Free Cash Flow: Expected to exceed $900 million. The most prevalent analyst questions were focused on:
The sustainability of mortgage revenue growth given the volatile interest rate environment. The performance and outlook for the non-mortgage businesses within USIS and Workforce Solutions. The contribution of new products and the "Vitality Index" to future revenue growth. The impact of ongoing cloud migration and technology investments on efficiency and future capabilities. The allocation of capital, particularly the large share repurchase program and dividend increase. Market reaction was: Equifax shares responded positively, initially rising in pre-market trading by over 2% and showing positive momentum during the day, although they closed down slightly. Despite a slight miss on next quarter's EPS guidance, the strong beat on both Q2 EPS and revenue, robust segment performance (especially in mortgage and verification services), and the increase in full-year guidance and significant capital return plans were well-received by investors. The company's highest-ever quarterly revenue also contributed to a generally optimistic sentiment.
7/21/2025 - CLF [Beat & Raised, Stock Appreciated] Reported an adjusted loss of $0.50 EPS on $4.9 billion in revenue. Expectations were for an adjusted loss of $0.79 EPS (some sources indicate $-0.68 or $-0.71) on $4.88 billion in revenue. Adjusted EPS decreased significantly (from a profit of $0.11 in Q2 2024), revenue decreased by 3.1% from the year-ago period ($5.09 billion). The company reported $97 million in adjusted EBITDA, a significant improvement from a loss of $174 million in Q1 2025, but a substantial year-over-year decline. A specific gross profit margin percentage was not explicitly stated, but steel unit costs reduced by $15 per net ton compared to Q1 2025.
Non-financial metrics were:
Steel shipments: Record high of 4.3 million net tons. Liquidity: $2.7 billion as of June 30, 2025. Inventory reductions in Q2, driving a meaningful release in working capital. Automotive steel shipments showing positive impact from OEMs reshoring production to the U.S. Cost-cutting and footprint optimization initiatives are underway. The company guided as follows:
Cost performance in Q2 will be further amplified into Q3 and Q4, with further expected improvements in adjusted EBITDA. Anticipate an additional $125 million per quarter EBITDA benefit upon the expiration of an "onerous" third-party steel slab contract in December 2025. Reiterated guidance for a $50 per ton cost reduction in 2025 relative to 2024, with sequential cost declines of approximately $20 per ton from Q2 to Q3 and continued reductions into Q4. Shipments expected to remain flat at 4.3 million tons in Q3. Full-year 2025 capital expenditures guidance trimmed to approximately $600 million (from $625 million). Selling, General, and Administrative (SG&A) expenses are now expected to be around $575 million (down from $600 million). Expect to use all excess free cash flow for accelerated debt reduction, supplemented by proceeds from non-core asset sales. The most prevalent analyst questions were focused on:
The specifics and timeline of the cost reduction initiatives and their impact on future profitability. The expected benefits and timing of the expiration of the third-party slab contract. The demand outlook for steel, particularly from the automotive sector, and the impact of tariffs on the domestic steel market. The company's strategy for non-core asset sales and their contribution to deleveraging. The path to returning to positive free cash flow. Market reaction was: Cleveland-Cliffs shares responded positively, rising by over 13% during the trading day. Despite reporting a loss, the better-than-expected adjusted EPS and revenue, coupled with significant improvements in adjusted EBITDA compared to the previous quarter, strong cost reduction trends, and optimistic guidance regarding future profitability drivers (like the slab contract expiration and tariff benefits), were well-received by investors.
7/21/2025 - DZP [Missed & Inline Guidance, Stock Declined] Reported $3.81 EPS on $1.15 billion in revenue, with a 40.1% gross profit margin. Expectations were for $3.93 EPS on $1.14 billion in revenue. EPS decreased by 5.5% (from $4.03 in Q2 2024), revenue grew by 4.3%, and gross profit margin changed by +0.7% from the year-ago period (39.4% in Q2 2024).
Non-financial metrics were:
Global retail sales growth (excluding FX impact): 5.6% U.S. same-store sales growth: 3.4%, driven by strong carryout performance (+5.8%) and positive delivery comps (+1.5%). International same-store sales growth (excluding FX impact): 2.4% Net store growth: 178 new stores globally (30 in U.S., 148 internationally). Carryout orders: Achieved the highest average quarterly carryout orders for the U.S. system. Share repurchases: Repurchased 315,696 shares for $150 million. The company guided as follows:
Full-year 2025 global retail sales growth: Expected to be generally in line with 2024. Full-year 2025 U.S. same-store sales growth: Reaffirmed at 3%, with expectations for stronger performance in the second half due to initiative timing. Full-year 2025 international same-store sales growth: Reaffirmed at 1% to 2%. Full-year 2025 U.S. net store growth: Expected to be 175+. Full-year 2025 international net store growth: Expected to be in line with 2024. Full-year 2025 operating income growth: Approximately 8% (excluding FX and certain other items). The most prevalent analyst questions were focused on:
The drivers behind the strong carryout performance and its sustained growth potential. The impact of the DoorDash partnership on delivery sales and market share. The overall health of the QSR pizza category and how Domino's is performing relative to competitors. The effectiveness of loyalty programs and menu innovations (like Stuffed Crust pizza) in driving transactions and customer engagement. The outlook for international markets given macroeconomic uncertainties. Market reaction was: Domino's Pizza shares showed an initial positive reaction, rising over 5% in pre-market trading, but then closed down around 1.4% in regular trading. While revenue beat expectations and the company highlighted strong same-store sales growth and key initiatives (like carryout and aggregator partnerships), the EPS miss and a slight decline in net income compared to the prior year (due to investment gains/losses and a higher tax rate) seemed to temper investor enthusiasm by the end of the day.
7/21/2025 - NXP reported $2.72 adjusted EPS on $2.93 billion in revenue, with a 56.5% non-GAAP gross profit margin. Expectations were for $2.66 EPS on $2.90 billion in revenue. Adjusted EPS decreased by 15% (from $3.20 in Q2 2024), revenue decreased by 6.4%, and gross profit margin changed by -2.1% from the year-ago period (58.6% in Q2 2024).
Non-financial metrics were:
Revenue by Segment: Automotive revenue was $1.73 billion (flat year-over-year); Industrial & IoT revenue was $546 million (-11% YoY); Mobile revenue was $331 million (-4% YoY); Communications Infrastructure & Other revenue was $320 million (-27% YoY). Free Cash Flow: $696 million, up 21% year-over-year. Cash Conversion Cycle: 131 days, down from 141 days in the previous quarter. Channel Inventory (weeks): 9 weeks, stable from the previous quarter. The company guided as follows:
Q3 2025 revenue is expected to be in the range of $3.05 billion to $3.25 billion (midpoint $3.15 billion), indicating a year-over-year decline of -6% to 0%. Q3 2025 adjusted EPS is anticipated to be between $2.89 and $3.30 (midpoint $3.10). Q3 2025 non-GAAP gross margin is expected to be between 56.5% and 57.5%. The most prevalent analyst questions were focused on:
The demand environment across different end markets, especially the outlook for the automotive and industrial segments given the overall revenue decline. The company's inventory management and channel dynamics in the current semiconductor cycle. The competitive landscape and pricing trends. The impact of macro-economic factors on customer ordering patterns and long-term growth prospects. Market reaction was: NXP shares fell by approximately 5% in after-hours trading despite beating both revenue and EPS estimates and providing generally optimistic Q3 guidance. The market's negative reaction was likely due to the year-over-year declines in revenue and adjusted EPS, indicating ongoing cyclical headwinds in the semiconductor industry, even though the company's performance was better than expected.
7/21/2025 - ROP reported $4.87 adjusted EPS on $1.94 billion in revenue, with a 69.2% gross profit margin. Expectations were for $4.82 EPS on $1.93 billion in revenue. Adjusted EPS grew by 9% (from $4.48 in Q2 2024), revenue by 13%, and gross profit margin changed by -0.3% from the year-ago period (69.5% in Q2 2024).
Non-financial metrics were:
Organic Revenue Growth: 7%, with strong performance across all three segments: Application Software (+6%), Network Software (+5%), and Technology Enabled Products (+9%). Adjusted Free Cash Flow: $403 million, up 10% year-over-year. Acquisition of Subsplash: Roper signed a definitive agreement to acquire Subsplash, an AI-enabled cloud software provider, for $800 million, expected to contribute to future revenue and EBITDA. The company guided as follows:
Full-year 2025 adjusted EPS guidance was raised to $19.90 to $20.05 (from $19.80 to $20.05 previously). Full-year 2025 total revenue growth outlook was increased to approximately 13% (from approximately 12% previously), with organic revenue growth still expected at 6-7%. Q3 2025 adjusted EPS is anticipated to be in the range of $5.08 to $5.12. Guidance includes the impact of the Subsplash acquisition. The most prevalent analyst questions were focused on:
The continued organic growth trajectory across the segments, particularly the Application Software and Technology Enabled Products businesses. The strategic rationale and expected integration of the Subsplash acquisition, including its impact on future growth and margins. The company's capital deployment strategy, including the large pipeline of attractive acquisition opportunities. The ongoing benefits and future potential of AI capabilities within Roper's diverse portfolio. Market reaction was: Roper Technologies shares responded positively, with the stock rising in premarket trading and continuing to climb after the market opened. The earnings beat, strong organic growth, increased full-year guidance, and the announcement of a strategic acquisition were all well-received by investors.
7/21/2025 - VZ reported $1.22 adjusted EPS on $34.5 billion in revenue. Expectations were for $1.18 EPS on $33.74 billion in revenue. Adjusted EPS grew by 6.1% (from $1.15 in Q2 2024), revenue grew by 5.2%, and the adjusted EBITDA margin (a key profitability metric for telecom, used in lieu of gross profit margin) improved to 37.1% from 37.5% in the year-ago period, indicating a change of -0.4%.
Non-financial metrics were:
Broadband Net Additions: 293,000 (including 278,000 Fixed Wireless Access (FWA) net additions), bringing the total FWA base to over 5.1 million subscribers. Wireless Retail Postpaid Phone Net Losses: 9,000, a significant improvement from 109,000 losses in Q2 2024. Wireless Retail Prepaid Net Additions: 50,000, reversing a prior-year loss. Total Broadband Connections: Over 12.9 million, up 12.2% year-over-year. C-band deployment: Ahead of schedule, expected to reach 80%-90% of planned sites by year-end. The company guided as follows:
Full-year 2025 adjusted EBITDA growth: Raised to 2.5% to 3.5%. Full-year 2025 adjusted EPS growth: Raised to 1.0% to 3.0%. Full-year 2025 Free Cash Flow: Raised to $19.5 billion to $20.5 billion (up from $17.5 billion to $18.5 billion), partly due to an estimated $1.5 billion to $2 billion benefit from tax reform. Full-year 2025 total wireless service revenue growth: Reaffirmed at 2.0% to 2.8%. Full-year 2025 capital expenditures: Reaffirmed at $17.5 billion to $18.5 billion. The most prevalent analyst questions were focused on:
The continued momentum in FWA and overall broadband subscriber growth, and how it impacts market share. The sustainability of improvements in postpaid phone net losses and the strategy to return to positive growth. The impact of C-band deployment on network performance, churn, and competitive positioning. The allocation of increased free cash flow, including potential for further deleveraging or shareholder returns. The outlook for the Business segment's revenue and profitability. Market reaction was: Verizon shares responded very positively, jumping by over 5% in pre-market trading and continuing to rally after the market opened. The strong beat on both EPS and revenue, coupled with the significant raise in full-year free cash flow guidance and improved subscriber trends, was met with strong investor enthusiasm.
7/19/2025 - NFLX reported $7.19 EPS on $11.08 billion in revenue, with a 34.1% operating margin (used as a proxy for gross profit margin). Expectations were for $7.07 EPS on $11.07 billion in revenue. EPS grew by 47.3% (from $4.88 in Q2 2024), revenue by 16.0%, and operating margin changed by +7.1% from the year-ago period (27.0% in Q2 2024).
NFLX guided as follows:
Full-year 2025 revenue projection raised to $44.8 billion to $45.2 billion (from previous $43.5 billion to $44.5 billion). This is primarily driven by foreign exchange tailwinds and stronger member growth. Full-year 2025 reported operating margin target increased to 30% (up from 29%). Advertising revenue is expected to approximately double in 2025, tracking slightly ahead of beginning-of-year expectations. Content amortization is projected at more than $16 billion for 2025. Analyst questions focused on:
The components of constant currency revenue growth, given that the raised forecast was primarily FX driven. The development of Netflix's advertising platform and its impact on future revenue. The potential impact of generative AI on content creation. The company's strategy for sports rights and its approach to evolving service tiers and monetization models. Consumer sentiment and its impact on retention and engagement. Market reaction was: Netflix shares initially rose slightly in regular trading after the earnings report but then fell by nearly 2% in after-hours trading. Despite beating expectations, the market reaction showed caution, with some analysts noting that the raised guidance was largely due to foreign exchange implications rather than solely incremental momentum in the subscription and advertising business. Investors also seem to be increasingly focused on whether Netflix's high valuation is justified and if growth can remain sustainable amidst rising content costs in the second half of the year.
7/18/2025 - GE reported $1.66 adjusted EPS on $11.02 billion in revenue. Expectations were for $1.43 adjusted EPS on $9.52 billion in revenue. Adjusted EPS grew by 38% (from $1.20 in Q2 2024), revenue grew by 34.1%, and the operating margin (used as a proxy for gross profit margin, which isn't explicitly stated) changed by -1.9% from the year-ago period (21.2% in Q2 2025 vs. 23.1% in Q2 2024).
GE guided as follows:
Full-year 2025 adjusted EPS guidance was raised to $5.60 to $5.80 (from previous guidance of $5.10 to $5.45). Full-year 2025 revenue growth is now expected to be in the mid-teens percentage range (up from previous low-double digits). Full-year 2025 operating profit is now expected to be between $8.2 billion and $8.5 billion (up from $7.8 billion to $8.2 billion). Full-year 2025 free cash flow is now expected to be between $6.5 billion and $6.9 billion (up from $6.3 billion to $6.8 billion). For 2028, GE expects adjusted EPS of approximately $8.40 and operating profit of around $11.5 billion.
7/18/2025 - NVS reported $2.42 core EPS on $14.05 billion in revenue. Expectations were for $2.38 core EPS on $14.04 billion in revenue. Core EPS grew by 23% (from $1.97 in Q2 2024), revenue by 12%, and the core operating income margin (which can be considered a proxy for gross profit margin in this context as it's a key profitability metric provided) improved to 42.2% from 38.8% in the year-ago period, indicating a change of +3.4%.
NVS guided as follows:
Full-year 2025 net sales are expected to grow in high single digits (unchanged from previous guidance). Full-year 2025 core operating income is now expected to grow in low teens (upgraded from previous guidance of low double digits).
7/17/2025 - PEP reported $2.12 adjusted EPS on $22.73 billion in revenue, with a 55% gross profit margin. Expectations were for $2.03 adjusted EPS on $22.39 billion in revenue. Adjusted EPS decreased by 5.0% (from $2.23 in the prior year quarter), revenue grew by 1.0%, and gross profit margin changed by +0.2% from the year-ago period (54.8% in Q2 2024).
PEP guided as follows:
Full-year 2025 organic revenue growth is still expected to be in the low-single-digit percentage. Full-year 2025 core constant currency EPS is expected to be approximately even with the prior year. The company now expects a foreign exchange translation headwind of approximately 1.5 percentage points to negatively impact reported net revenue and core EPS growth (previously an approximate 3 percentage point headwind). This implies a 1.5% decline in core EPS in 2025 compared to 2024 core EPS of $8.16.
7/17/2025 - ABT reported $1.26 adjusted EPS on $11.14 billion in revenue, with a 57.0% adjusted gross profit margin. Expectations were for $1.25 adjusted EPS on $11.07 billion in revenue. Adjusted EPS grew by 10.5% (from $1.14 in Q2 2024), revenue by 7.4%, and adjusted gross profit margin changed by +1.0% from the year-ago period (56.0% in Q2 2024).
ABT guided as follows:
Full-year 2025 organic sales growth (excluding COVID-19 testing-related sales) is projected to be 7.5% to 8.0%. When including COVID-19 testing-related sales, organic sales growth is expected to be 6.0% to 7.0%. Full-year 2025 adjusted diluted EPS is narrowed to a range of $5.10 to $5.20 (midpoint $5.15), reflecting double-digit growth.
7/17/2025 - Beat & raised, with a negative response. GE Aerospace (GE) reported $1.66 adjusted EPS on $11.02 billion in revenue. Expectations were for $1.43 adjusted EPS on $9.52 billion in revenue. Adjusted EPS grew by 38% (from $1.20 in Q2 2024), revenue grew by 34.1%, and the operating margin (used as a proxy for gross profit margin, which isn't explicitly stated) changed by -1.9% from the year-ago period (21.2% in Q2 2025 vs. 23.1% in Q2 2024).
GE guided as follows:
Full-year 2025 adjusted EPS guidance was raised to $5.60 to $5.80 (from previous guidance of $5.10 to $5.45). Full-year 2025 revenue growth is now expected to be in the mid-teens percentage range (up from previous low-double digits). Full-year 2025 operating profit is now expected to be between $8.2 billion and $8.5 billion (up from $7.8 billion to $8.2 billion). Full-year 2025 free cash flow is now expected to be between $6.5 billion and $6.9 billion (up from $6.3 billion to $6.8 billion). For 2026, GE expects adjusted EPS of approximately $8.40 and operating profit of around $11.5 billion.
7/17/2025 - NVS reported $2.42 core EPS on $14.05 billion in revenue. Expectations were for $2.38 core EPS on $14.04 billion in revenue. Core EPS grew by 23% (from $1.97 in Q2 2024), revenue by 12%, and the core operating income margin (which can be considered a proxy for gross profit margin in this context as it's a key profitability metric provided) improved to 42.2% from 38.8% in the year-ago period, indicating a change of +3.4%.
NVS guided as follows:
Full-year 2025 net sales are expected to grow in high single digits (unchanged from previous guidance). Full-year 2025 core operating income is now expected to grow in low teens (upgraded from previous guidance of low double digits).
7/16/2025 - JNJ reported $2.77 adjusted EPS on $23.74 bn in revenue. Expectations were for $2.68 adjusted EPS on $22.85 bn in revenue. Adjusted EPS decreased by 1.8% from the year-ago period ($2.82), while revenue grew by 5.8%. Gross profit margin was 66.9% for Q1 2025, and Q2 2024 was 69.4%, indicating a change of -2.5%.
JNJ guided as follows: Full-year 2025 sales are now expected to be in the range of $93.2 billion to $93.6 billion (midpoint $93.4 billion), up from the previous range of $91.0 billion to $91.8 billion. This represents a 5.1% to 5.6% increase (midpoint 5.4%) year-over-year. Full-year 2025 adjusted EPS is now projected to be between $10.80 and $10.90 (midpoint $10.85), compared to prior guidance of $10.50 to $10.70. This represents an 8.2% to 9.2% increase (midpoint 8.7%) year-over-year.
7/16/2025 - BAC reported $0. 89 EPS, up 6%, year over year, while revenue grew by 4% to $26.5 bn, compared to estimates of $0.86 EPS on $26.75 bn in revenue. Average deposits climbed 3% while average loans jumped 7%. Net interest income increased 7%.
7/16/2025 - MS reported $2.13 EPS, up 17%on revenue growth of 12% to $16.78 bn, compared to estimates of $1.99 EPS on $16.07 bn revenue.
7/16/2025 - GS reported $10.91 EPS on 14.5% revenue growth to $14.58 billion, compared to estimates of $9.65 EPS on $13.51 billion in revenue. Global banking was up 24%, while asset and wealth management declined 3%.
7/15/2025 - JPM reported 2Q2025 $5.24 EPS, beating the $4.84 expectations, on $44.9 bn in revenue, which was down year over year, but the prior year included one time figures for gains on Visa stock. Consumer appeared resilient because delinquencies were flat & charge offs only up 2%.
7/15/2025 - WFC reported 2Q2025 $1.60 EPS, beating the $1.41 expectations, and up from $1.33 a year ago. Revenue was $20.8 bn in revenue, exceeding expectations of $20.75 bn.
7/15/2025 - BLK reported 2Q2025 $1.60 EPS, beating the $10.78 expectations, and up 16% from a year ago. Revenue was $5.35 bn in revenue on an 18% increase in Assets Under Management.
7/15/2025 - C reported 2Q2025 $1.96 EPS up from $1.51 a year ago. Revenue was $21.67 bn in revenue up 8% from a year ago.
