App Economy Insights
@economyapp
⚠️ MIRROR OF ⚠️ If you own the original account and want to claim this, please contact @twttr-mirrors.bsky.social
$INTC Intel Q2 FY26: • Revenue +25% Y/Y to $16.1B ($1.7B beat). • Non-GAAP EPS $0.42 ($0.20 beat). Q3 FY26 Guidance: • Revenue ~$15.8-16.8B ($1.2B beat). • Non-GAAP EPS $0.38 ($0.10 beat).
$TSLA Tesla Q2 FY26: • Revenue +26% Y/Y to $28.2B ($1.8B beat) • Gross margin 17% (flat Y/Y) • Operating margin 1% (-3pp Y/Y) • CapEx +142% Y/Y to $5.8B • Free cash flow flips negative -$1.1B • Non-GAAP EPS $0.33 ($0.21 beat)
$GOOG Alphabet Q2 FY26: • Revenue +24% Y/Y to $119.8B ($2.8B beat). • Operating margin 34% (+2pp Y/Y). • $98B net gains from equity investments. ☁️ Google Cloud: • Revenue +82% Y/Y to $24.8B • Operating margin 36% (+15pp Y/Y). ▶️ YouTube ads +13% to $11.1B
🗓️ What are you watching this week? • Wednesday: $GOOG $TSLA $GEV $NOW $IBM • Thursday: $INTC $LMT • Friday: $VZ $AXP All visualized in our newsletter.
📺 US TV Time April 2026: Streaming 47.6% (+3.3pp Y/Y). • YouTube 13.4% (+1.0pp Y/Y). • Netflix 7.8% (+0.3pp Y/Y). • Disney apps 5.0% (flat Y/Y). • Prime Video 4.2% (+0.7pp Y/Y). • Roku Channel 3.0% (+0.6pp Y/Y). $GOOG $NFLX $AMZN $DIS $CMCSA Source: Nielsen
$NFLX Netflix Q2 FY26: • Revenue +13% Y/Y to $12.6B ($20M miss). • Operating margin 33% (-1pp Y/Y). • EPS $0.80 ($0.01 beat). FY26 Guidance: • Revenue +13%-14% Y/Y (narrower). • Operating margin 31.5% (unchanged).
$TSM TSMC Q2 FY26: C.C. Wei: "Our conviction in the multi-year AI megatrend remains very high." • Revenue +34% Y/Y to $40.2B ($0.9B beat). • HPC 66% of revenue (+6pp Y/Y). • EPADR $4.31 ($0.37 beat). FY26 outlook: • Capex ~$62B (~$54B prior). • Revenue +40% Y/Y (+30% Y/Y prior).
🚨 $PYPL PayPal may be going private. Stripe + Advent reportedly offered $60.50/share. • $50B in committed bank financing. • Block $XYZ among the equity contributors. PayPal was once worth ~$360 billion. Now it may be sold for $53 billion.
$ASML ASML Q2 FY26: • Net sales +21% Y/Y to €9.3B (€0.4B beat). • Gross margin 54% (+0pp Y/Y). • Operating margin 37% (+2pp Y/Y). • EPS €7.59 (€0.60 beat). • FY26 Net sales ~€44B (€6.0B raise).
$JPM JPMorganChase Q2 FY26. • Net revenue +28% Y/Y to $57.3B ($6.7B beat) • Net Income +41% Y/Y to $21.2B • $4.6B net gain related to Visa shares • Asset & Wealth AUM +18% Y/Y to $5.1T • FY26 NII guide unchanged ~$96.5B (+$1.5B)
🗓️ Earnings season is back! What are you watching this week? • Tuesday: $JPM $BAC $WFH $GS $C • Wednesday: $ASML $BLK $MS $JNJ $UAL • Thursday: $TSM $NFLX $UNH $ABT $ISRG All visualized in our newsletter.
$SKHY SK Hynix is coming to Nasdaq. The planned listing targets over $28 billion, edging past Alibaba’s New York debut in 2014. SK Hynix is the world’s #1 HBM maker at ~57% share, and HBM is sold out through 2028. Did AI break the memory cycle?
$NKE Nike Q4 FY26 (ending May 2026). • Revenue -1% Y/Y at $11.0B ($150M beat). • GAAP EPS $0.72 ($0.59 beat). • Inventory flat Y/Y at $7.5B • Wholesale +4% Y/Y to $6.6B • Direct revenue -7% Y/Y to $4.1B • Greater China revenue -12% Y/Y to $1.3B
$MU Micron Q3 FY26 (May quarter). • Revenue +346% Y/Y to $41.5B ($6.2B beat). ☁️ Cloud Memory +307% Y/Y. ⚙️ Core Data Center +653% Y/Y. 📱 Mobile & Client +254% Y/Y. 🛞 Auto & Embedded +311% Y/Y. • Non-GAAP EPS $25.11 ($4.83 beat).
Hot IPOs bring massive temptation. But Day 1 is usually the worst time to invest. Our post-IPO playbook: 1) Avoid the Day 1 hype 2) Wait for evidence (2 earnings calls) 3) Nibble post-lockup expiration 4) Anchor to valuation 5) Give it time Invest on your own terms.
$SPCX The SpaceX IPO is here! What are you buying for $1.75 trillion? • Space holds the moat. • Connectivity makes the money. • AI carries the valuation premium.
$ORCL Oracle Q4 FY26 (May quarter). • RPO +363% Y/Y & +15% Q/Q to $638B • Cloud revenue +47% Y/Y to $9.9B • Revenue +21% Y/Y to $19.2B ($0.1B beat) • Non-GAAP EPS $2.11 ($0.15 beat) • FY27 revenue guide $90B (unchanged)
⚽️ The biggest World Cup ever is here! FIFA is a non-profit. It expects to bring in $13 billion for 2023-2026. Here’s where the money actually goes:
🏁 It's race day in Monaco! But do you know how F1 makes money?
$AVGO Broadcom Q2 FY26 (April quarter): • AI semi revenue +143% YY to $10.8B • Revenue +48% Y/Y to $22.2B ($0.1B beat) • Non-GAAP EPS $2.44 ($0.04 beat) Q3 FY26 guidance: • AI semi revenue +200% Y/Y to $16.0B • Revenue ~$29.4B ($0.9B beat)
Our X ad account was just suspended. The reason? SpaceX is mentioned on our website. Even after appeal, we are asked to remove any coverage of SpaceX from our website to be allowed to run ads again. We are a business newsletter. Forcing us to censor economic ... 🔗 x.com/EconomyApp/status/206...
$PANW Palo Alto Networks Q3 FY26: CyberArk & Chronosphere included. • RPO +36% Y/Y to $18.4B • NGS ARR +60% Y/Y to $8.1B • Revenue +31% Y/Y to $3.0B ($0.1B beat) • Non-GAAP EPS $0.85 ($0.05 beat) • FY26 Revenue guide $11.4B ($0.1B beat)
$COST Costco Q3 FY26 (May quarter). • Revenue +12% Y/Y to $70.5B ($0.9B beat). • EPS $4.93 ($0.01 beat). • 931 warehouses (+26 Y/Y, +7 Q/Q). Comparable sales Y/Y (adjusted): • US +6.8%. • Company +6.6%. • Digitally-enabled +20.8%.
$CRM Salesforce Q1 FY27 (April quarter): • Current RPO +13% Y/Y cc to $33.6B • Revenue +13% Y/Y to $11.1B ($70M beat) • Non-GAAP EPS $3.88 ($0.75 beat) FY27 guide: • Revenue +10-11% to ~$46.1B ($50M raise) • Informatica impact 4pp (+1pp) • Op. margin 20.6% (0.3pp cut)
🗓️ What are you watching this week? • Tuesday: $ZS • Wednesday: $PDD $CRM $SNOW $SNPS • Thursday: $COST $DELL $PATH $MDB $ESTC $S $OKTA $ADSK $BBY All visualized in our newsletter.
$WMT Walmart Q1 FY27 (April quarter): • Revenue +7% Y/Y to $177.8B ($2.9B beat). • Non-GAAP EPS $0.66 (in-line). • Walmart US comp sales +4.1%. • E-commerce +26% Y/Y. • Advertising +37% Y/Y. FY27 Net sales guide unchanged (+4% Y/Y).
$NVDA NVIDIA Q1 FY27 (April quarter). • Revenue +85% Y/Y to $81.6B ($2.6B beat). • Operating margin 66% (+16pp Y/Y). • Non-GAAP EPS $1.87 ($0.10 beat). Q2 FY27 guidance: • Revenue $91.0B ($3.0B beat).