Every week the analysis goes through earnings calls and filings looking for quarters that changed the forward picture. This week: three businesses that reported on August 4 and 5, spanning a $150 billion networking leader and a company with a market capitalisation smaller than most private funding rounds.
Here is what is behind the paywall:
🌐 Stock 1 - Its first ever $3 billion quarter, revenue up 37.7% against guidance of $2.8 billion. Non-GAAP operating margin of 49.9%. Non-GAAP EPS up 39.7%. Full-year revenue guidance raised to roughly $12.6 billion, implying 40% growth, the third raise this year and $2.1 billion above what the company told analysts at its own analyst day. It tripled multi-year purchase commitments to $9.7 billion to lock in supply.
📱 Stock 2 - Rose 48% in a single session. Revenue up 27% to $166 million, with its core platform segment up 56%. Full-year guidance came in above consensus at $650 to $670 million. A business that spent two years being written off, quietly rebuilding around a demand-side advertising platform that is now compounding again.
⚙️ Stock 3 - Net sales up 19.3%. Adjusted gross margin up 80 basis points to 20.3%. It returned to operating profit, swinging $2.5 million from a loss. It raised its outlook, announced a refinancing, and pulled its long-term target forward by a full year. It is systematically replacing declining automotive revenue with electric grid, data center and defense work.
All three full pitches below, each with the thesis, the numbers, the key risk and what to watch.
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