Daily ideas

Fortinet's Q2 2026 revenue rose 26% to $2.05 billion as product sales jumped 52%; Q3 tests whether FortiGate demand is durable or pulled forward ahead of price increases.

J.B. Hunt grew Q2 2026 operating income 32% to $259.5 million with EPS of $1.91; Q3 tests whether intermodal profit holds as driver and fuel costs outrun contract rates.

American Tower grew Q2 2026 AFFO per share 4.2% to $2.71 while U.S. organic billings rose only 0.7%; Q3 tests whether carrier amendments can keep offsetting DISH churn.

Palantir grew Q2 2026 revenue 93% to $1.935 billion at a 62% adjusted operating margin; Q3 results test whether record U.S. commercial bookings keep turning into revenue.

Ecolab grew Q2 2026 sales 10% to $4.42 billion with adjusted EPS up 11% to $2.09; Q3 tests whether energy-surcharge pricing of 5%-6% protects organic gross margin.

ING lifted 2Q2026 total income 10.2% to €6.28 billion as its deposit margin rose to 1.07%; third-quarter results test whether costlier savings campaigns erode that margin.

Sherwin-Williams grew Q2 2026 sales 7.5% to $6.79 billion with paint-store comps up 4.2%; Q3 tests whether store volume keeps growing after an 8% September price increase.

BP earned $5.73 billion underlying RC profit in Q2 2026 as its refining margin hit $29.6/bbl; Q3 results test how much survives lower throughput, weaker customers and net debt needs.

Quanta Services grew Q2 2026 revenue 41.1% to $9.56 billion with an 11.5% Electric margin; Q3 tests whether peak-season organic growth can hold last year's 11.4% margin.

ASE Technology's Q2 2026 revenue rose 26.7% to NT$191.06 billion with a 27.3% ATM gross margin; Q3 tests whether new capacity lifts ATM sales and margins together.

Trane Technologies grew Q2 2026 revenue 10.6% to $6.35 billion with a record $12.1 billion backlog; Q3 tests whether volume growth lifts margins about 50 basis points.

Moody's grew Q2 2026 revenue 15% to $2.185 billion with a 55.3% adjusted margin; Q3 tests whether ratings revenue holds roughly flat against a tough 2025 base.

UPS grew Q2 2026 revenue 7.6% to $22.83 billion at a 9.2% adjusted operating margin; Q3 tests whether U.S. Domestic yield holds up once fuel surcharges fade.

Altria grew Q2 2026 adjusted EPS 2.8% to $1.48 as Marlboro pricing offset a 7.4% volume drop; Q3 tests whether pricing, on! PLUS and duty refunds still lift profit.

Agnico Eagle made a record $1.34 billion of Q2 2026 free cash flow on 855,816 ounces; Q3 tests whether the Barnat pit-wall loss keeps output near the 3.3M-ounce low end.

General Dynamics grew Q2 2026 revenue 8.1% to $14.1 billion with EPS of $4.24; Q3 results test whether submarine yard output holds as Marine growth slows.

GSK grew Q2 2026 turnover 5% at CER to £8.41 billion with core operating profit up 7%; Q3 tests whether HIV and specialty growth outrun Nuvalent and R&D costs.

Stryker grew Q2 2026 organic sales 9.0% with a 27.4% adjusted operating margin; Q3 tests whether backlog shipments reach the ~11% second-half pace its guidance needs.