Innovation

AbbVie: Skyrizi And Rinvoq Generate $8.03 Billion As Humira Revenue Falls 36%

By Amit Chowdhry ● Aug 2, 2026

AbbVie's post-Humira immunology strategy continued to gain momentum during the second quarter of 2026, as combined revenue from Skyrizi and Rinvoq reached approximately $8.03 billion and more than offset another sharp decline in Humira sales.

LyondellBasell: Adjusted EBITDA Nearly Triples To $2.13 Billion As Supply Disruptions Expand Polymer Margins

By Amit Chowdhry ● Aug 2, 2026

LyondellBasell generated a sharp second-quarter earnings recovery as geopolitical instability restricted global petrochemical supply, improved polymer pricing, and created opportunities for the company to increase production at its advantaged North American facilities.

Arbor Realty Trust: Issues 6.25% Convertible Debt To Retire 4.50% Notes And Buy Back Stock At Half Of Book Value

By Amit Chowdhry ● Aug 2, 2026

Arbor Realty Trust used a new convertible debt offering to extend upcoming maturities and repurchase deeply discounted shares, even though the new securities carry a higher stated interest rate than the senior notes being retired.

Mizuho Raises Profit Outlook ¥100 Billion After BOJ Rate Hike And Doubles Buybacks To ¥200 Billion

By Amit Chowdhry ● Aug 2, 2026

Mizuho Financial Group raised its fiscal 2026 profit outlook and doubled its planned share repurchases after strong first-quarter earnings and the Bank of Japan’s June policy-rate increase improved the outlook for domestic banking profitability.

Dominion Energy: Virginia Earnings Jump $121 Million As Regulatory Benefits Offset Higher Capacity Costs

By Amit Chowdhry ● Aug 2, 2026

Dominion Energy delivered the company’s strongest second-quarter earnings growth in 2026, as regulatory benefits, higher customer usage, and rider equity returns more than offset rising electric capacity, outage, labor, and depreciation expenses.

Eaton: Electrical Global Backlog More Than Doubles As Orders Rise 33%

By Amit Chowdhry ● Aug 2, 2026

Eaton's Electrical Global backlog more than doubled during the second quarter of 2026 as data center infrastructure, electrification, and broader power-management demand accelerated orders across the segment.

Sony: PlayStation Monthly Active Users Reach June Record Of 125 Million As Gaming Profit Jumps 37%

By Amit Chowdhry ● Aug 2, 2026

Sony Group’s PlayStation platform reached a record 125 million monthly active users in June 2026, demonstrating continued audience growth even as hardware sales, third-party software revenue, and total playtime declined.

Colgate-Palmolive: Base Business EPS Increases 8% As Gross Margin Expands 140 Basis Points

By Amit Chowdhry ● Aug 2, 2026

Colgate-Palmolive’s Base Business earnings increased during the second quarter of 2026 as gross-margin expansion, organic sales growth, and improved underlying operating profit more than offset heavier advertising investment.

Newell Brands: Tariff Recoveries Contribute Half Of Adjusted EPS As Sales Return To Growth

By Amit Chowdhry ● Aug 2, 2026

Newell Brands returned to year-over-year sales growth for the first time in more than four years during the second quarter of 2026, but tariff recoveries accounted for approximately half of the company’s normalized earnings per share. Normalized diluted EPS increased to $0.42 from $0.24.

Cameco: Westinghouse Swings To $10 Million Loss As Prior-Year Reactor Project Benefit Lapses

By Amit Chowdhry ● Aug 2, 2026

Cameco's share of Westinghouse results shifted to a loss during the second quarter of 2026 as the company moved beyond an unusually large prior-year benefit associated with a nuclear reactor construction project in the Czech Republic.

Carter’s: Tariff Refund Supplies 91% Of Operating Income As Adjusted Margin Reaches Only 2.9%

By Amit Chowdhry ● Aug 2, 2026

Carter's reported a dramatic increase in second-quarter operating income, but approximately 91% of the total came from the recovery of previously paid import duties.

WisdomTree: AUM Reaches Record $162.9 Billion As Net Inflows Total $3.1 Billion

By Amit Chowdhry ● Aug 2, 2026

WisdomTree reached a record $162.9 billion in assets under management during the second quarter of 2026, marking the company’s sixth consecutive quarter of record AUM. Ending AUM increased 6.7% from $152.6 billion at the end of the first quarter.

Perella Weinberg: $10.1 Million Tax Benefit Turns First-Half Pre-Tax Loss Into Positive Net Income

By Amit Chowdhry ● Aug 2, 2026

Perella Weinberg Partners reported positive first-half net income despite recording a pre-tax loss, as an unusually large income-tax benefit more than offset the advisory firm’s operating weakness.

Rivian: Software And Services Gross Profit Reaches $215 Million As Automotive Loss Narrows To $36 Million

By Amit Chowdhry ● Aug 2, 2026

Rivian Automotive reported positive consolidated gross profit during the second quarter of 2026 as its software and services business offset continued losses from vehicle manufacturing.

Enbridge: Secured Backlog Reaches C$41 Billion As Fully Contracted LNG Pipelines Expand Growth Pipeline

By Amit Chowdhry ● Aug 2, 2026

Enbridge expanded its secured project backlog to approximately C$41 billion during the second quarter of 2026 as the company advanced new pipeline infrastructure connecting North American natural gas supplies with growing liquefied natural gas export demand.

Reddit: Revenue Grows 61% As Adjusted EBITDA Margin Reaches 43%

By Amit Chowdhry ● Aug 2, 2026

Reddit delivered another quarter of rapid revenue growth and expanding profitability in the second quarter of 2026, as stronger advertising demand and higher monetization significantly outpaced growth in its user base.

Pathfinder Ventures Appoints Mark Roseborough As CEO

By Amit Chowdhry ● Aug 2, 2026

Pathfinder Ventures has appointed Mark Roseborough as CEO as the company prepares for its next stage of growth.

Plexus: Industrial Revenue Jumps 42% As Data Center Battery Storage Win Expands Growth Pipeline

By Amit Chowdhry ● Aug 2, 2026

Plexus reported record fiscal third-quarter 2026 revenue as rapid growth across its Industrial business and a new data center battery energy storage program helped expand the company’s qualified manufacturing pipeline to an all-time high of $4.5 billion.

AB2 Bio Receives $30 Million From Nippon Shinyaku For U.S. Tadekinig Alfa Rights, With Up To $600 Million In Milestones And Royalties

By Amit Chowdhry ● Aug 2, 2026

AB2 Bio has received a $30 million payment after Nippon Shinyaku exercised its option for exclusive U.S. commercialization rights to Tadekinig alfa in a rare pediatric hyperinflammatory disease.

Yum China: Pizza Hut Transactions Surge 13% As Lower Prices Drive Mass-Market Growth

By Amit Chowdhry ● Aug 2, 2026

Yum China’s Pizza Hut business continued its push toward a broader mass-market customer base during the second quarter of 2026, generating significantly more transactions as value-focused offerings reduced the average amount spent per order.

Cigna: Specialty Care Profit Jumps 22% As Pharmacy Benefit Earnings Fall 27%

By Amit Chowdhry ● Aug 2, 2026

The Cigna Group reported sharply different second-quarter 2026 earnings trends across its Evernorth Health Services businesses, as strong specialty-drug growth and operating efficiencies lifted Specialty and Care Services profit while Pharmacy Benefit Services earnings declined.

Cloud Capital Completes $520 Million Triple-A-Rated Data Center ABS Issuance

By Amit Chowdhry ● Aug 2, 2026

Cloud Capital has completed a $520 million asset-backed securities issuance through its newly established Cloud Capital ABS Master Trust, creating a scalable financing platform for its stabilized data center portfolio.

Department Of War Awards $76.6 Billion For 14 Columbia And Virginia Class Submarines

By Amit Chowdhry ● Aug 2, 2026

The Department of War has awarded shipbuilding contracts and related shipyard productivity funding totaling $76.6 billion to expand the U.S. Navy’s undersea warfare capabilities.

Entegris Appoints Qorvo CEO Robert Bruggeworth To Board As Bertrand Loy Retires

By Amit Chowdhry ● Aug 2, 2026

Entegris has appointed Qorvo President and CEO Robert A. Bruggeworth to its board of directors, effective August 3, 2026. The semiconductor materials and process solutions company also announced that Executive Chair Bertrand Loy retired from Entegris.

Sonos Appoints Coliseum Capital Co-Founder Chris Shackelton To Board

By Amit Chowdhry ● Aug 2, 2026

Sonos has appointed Chris Shackelton to its board of directors as the audio company continues adding directors with expertise aligned with its strategy. Shackelton is a co-founder and managing partner of Coliseum Capital Management, a long-term Sonos shareholder. He brings experience in public-market investing, corporate strategy, financial markets and capital allocation.

First Horizon: Brokered Deposits Jump 47% As Commercial Loan Growth Pressures Margin

By Amit Chowdhry ● Aug 2, 2026

First Horizon increased commercial lending during the second quarter of 2026, but the additional growth required substantially more brokered funding, contributing to higher deposit costs and a modest decline in net interest margin.

Rush Street Interactive: Latin America Users Surge 62% As Revenue Per Customer Jumps 83%

By Amit Chowdhry ● Aug 2, 2026

Fortinet: FortiSASE Billings More Than Double As SASE Firewall Business Tops $2 Billion

By Amit Chowdhry ● Aug 2, 2026

Fortinet reported accelerating demand for its Unified SASE platform during the second quarter of 2026, with FortiSASE billings growing more than 100% as the company expanded its strategy for combining cloud-delivered security with traditional network firewalls.

Xcel Energy: Nuclear Plant Life Extensions Reduce Depreciation And Support Earnings Growth

By Amit Chowdhry ● Aug 2, 2026

Xcel Energy reported a significant increase in second-quarter 2026 earnings as longer-than-expected operating lives for its nuclear plants reduced depreciation expense and created an unusual benefit in the company’s quarterly results.

SunCoke Energy: Industrial Services Posts Record Quarter As Phoenix Acquisition Transforms Earnings Mix

By Amit Chowdhry ● Aug 2, 2026

SunCoke Energy's Industrial Services business delivered its strongest adjusted EBITDA quarter since the Phoenix Global acquisition, significantly changing the company’s earnings mix and helping drive a nearly 60% increase in consolidated adjusted EBITDA.