Accenture FY2026: The $308M Severance Line Behind the 15.3% Margin
Accenture's FY2026 revenue rose 6% to $74.2B and GAAP operating margin hit 15.4%, but excluding severance the gain is 20 bps — and debt doubled to $10B.
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Income Statement
Understand, read, and analyze income statements and profit and loss reports
COGS vs. Operating Expenses: Where Freight, Packaging, and Delivery Belong
Freight-in and product packaging are COGS; freight-out, shipping boxes and delivery are selling expenses. Misfile them and gross margin can run 10+ points high.
McCormick Q3 FY2026: 17% Sales Growth, a $0.36 Quarter, and the $142M Between Them
McCormick's Q3 FY2026 sales rose 17.4%, only 1.9 points organic; $141.5M of merger and impairment charges cut EPS to $0.36 while adjusted EPS held $0.86.
Carnival FY2026 Q3 Earnings: Debt Fell, but Cash Fell Faster
Carnival's Q3 FY2026 revenue rose 3.5% to $8.4B and net income hit $1.92B, yet a $977M debt paydown left net debt almost flat as cash fell $1.02B.
Micron FY2026 Q4 Earnings: An $85B Year, With Cash to Match
Micron's FY2026 revenue rose 256% to $133.2B and net income hit $85.0B; $62.3B of adjusted free cash flow backs it, but $12.7B of deposits carry obligations.
Figma Q2 2026 Earnings: $148M Stock Comp, $112M GAAP Loss
Figma Q2 2026 revenue rose 48% to $370.1M, but $147.6M of post-IPO stock comp turned a $42.6M non-GAAP profit into a $112.2M GAAP loss.
BYD H1 2026 Earnings: Profit Falls 20.5% as Overseas Sales Pass Half of Revenue
BYD's H1 2026 profit fell 20.5% to RMB 12.3B on an RMB 8.3B FX-driven finance swing, while overseas revenue rose 34% to 52.6% of sales.
Ciena FY2026 Q3 Earnings: $1.67B Revenue (+37%) and Two Cloud Customers Buying 41.7% of It
Ciena's Q3 FY2026 revenue rose 37% to $1.671B and operating margin hit 18%, but two unnamed cloud providers bought 41.7% of it — $696M in one quarter.
Costco FY2026 Earnings: $303B of Revenue, and the $5.9B of Membership Fees That Make Half the Profit
Costco's FY2026 revenue rose 10.1% to $303.2B and net income 13.9% to $9.2B; $5.9B of membership fees made up 50.6% of operating income, down from 56.4%.
General Mills Q1 FY2027: A $1B Yogurt Gain Hides an 11% Real Profit Drop
General Mills' Q1 FY2027 operating profit fell 63%, but $1.05B was last year's yogurt-sale gain; adjusted profit fell 11% as North America Retail sales slid 7%.
Hims & Hers Q2 2026 Earnings: Revenue Up 38% to $753M as GAAP Swings to an $86M Loss
Hims & Hers grew Q2 2026 revenue 38% to $753M with 2.9M subscribers, but GLP-1 costs cut gross margin to 64% and a $47.5M legal charge drove an $86M loss.
NIO Q2 2026 Earnings: A RMB 26M Non-GAAP Profit Inside a RMB 528M GAAP Loss
NIO's Q2 2026 revenue rose 69% to RMB 32.1B and vehicle margin hit 18.5%, yet a RMB 528M GAAP loss sits beneath a RMB 26M non-GAAP profit. Here's why.