The hottest Earnings Substack posts right now

And their main takeaways
Category
Top Business Topics

OpenAI’s Latest Mega-Fundraise, Big Tech Earnings Week, Amazon Layoffs?

Big Technology • 6254 implied HN points • 26 Jan 26
🕹 Technology Earnings
  1. OpenAI is pursuing a potentially historic $50 billion fundraise that would push its valuation into the hundreds of billions and is leaning on rapidly growing revenue and compute metrics to justify continued cash raises, but it's unclear how many more mega-rounds it can secure before an IPO forces public scrutiny.
  2. This week’s Big Tech earnings calendar is packed with major reports from companies across consumer, enterprise, and infrastructure sectors, and those results will shape market expectations for AI-driven growth and spending.
  3. Amazon is reportedly planning large-scale layoffs affecting many teams as it trims pandemic-era overhiring and bureaucracy, a move that’s raising morale concerns even though the company says the cuts aren’t simply because of AI.

On shovels, Nvidia, and the AI Gold Rush

Marcus on AI • 2410 implied HN points • 20 Nov 25
💼 Business Earnings
  1. Nvidia reported excellent earnings that briefly lifted the stock, but the opening gains evaporated and the share price was down later in the day.
  2. The market reaction was highly volatile and uncertain, and nobody knows whether the stock will head up, down, or stay sideways next.
  3. Even with strong results, lingering concerns about outlook or valuation persist, so investors remain cautious.

Hovnanian 1Q 2026 Earnings

Erdmann Housing Tracker • 168 implied HN points • 26 Feb 26
💰 Finance Earnings
  1. There are speculative signs that the housing market may be turning.
  2. Hovnanian's 1Q 2026 earnings report is being used to test those speculations about a market turn.
  3. Full analysis of the results is behind a subscription/paywall, though a limited free preview is available.

AI is eating consulting (ft. Accenture, IBM, Gartner, Genpact)

Enterprise AI Trends • 168 implied HN points • 05 Feb 26
💼 Business Earnings
  1. AI is driving short-term demand for consulting work and firms are adopting AI internally to boost their margins.
  2. Despite that tailwind, weak guidance and management comments suggest AI could flip into a headwind and growth may decelerate into 2027 as services get commoditized.
  3. The bullish trade on consulting has underperformed so far, so investors should closely watch guidance, margin improvements, and whether firms can avoid seat compression before assuming lasting gains.

Eileen Gu Isn’t An Activist. She’s A Capitalist.

Huddle Up • 71 implied HN points • 17 Feb 26
🎾 Sports Earnings
  1. She is a once-in-a-generation athlete who studies and executes skiing with scientific precision and unmatched skill.
  2. She avoids commenting on China’s human rights controversies, saying she isn’t an expert and prefers not to make claims without exhaustive evidence.
  3. Her switch to compete for China, special citizenship arrangements, and massive endorsement deals suggest her choices are driven mainly by financial opportunity rather than activism, with nearly all her income coming from sponsors.
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($) Nebius Earnings: A GPU Cloud Masterclass

Interconnected • 77 implied HN points • 12 Feb 26
💼 Business Earnings
  1. Nebius breaks down important differences between contracted, connected, and active power, and knowing those terms matters a lot when you plan and price GPU data centers.
  2. The company is unusually transparent about the step-by-step logistics, unit economics, and long-term profitability of building GPU data centers, so its disclosures are a practical how-to for the industry.
  3. Having completed its first full year after a fast IPO and positioned to benefit from Europe’s sovereign-AI demand, Nebius’s results and guidance are especially informative for investors and operators even if some remain skeptical.

Why the low multiple series: Rental Car companies edition, part 1

Yet Another Value Blog • 2103 implied HN points • 10 Jan 24
💰 Finance Earnings
  1. The rental car companies Avis and Hertz are trading at extremely low multiples compared to their earnings.
  2. Investors have concerns about the sustainability of the earnings of rental car companies due to potential overearning from increased rental prices and undervaluation of depreciation from high used car prices.
  3. Despite the record earnings of rental car companies, there are serious bear cases to consider, such as inflated earnings potentially dropping significantly in the future.

The Best Medium Publications of 2024 (to Quadruple Your Followers and Earnings)🤑

Kristina God's Online Writing Club • 639 implied HN points • 18 May 24
💼 Business Earnings
  1. Medium has a unique publications system that helps writers reach more readers. Getting published in the right ones can boost your visibility and earnings significantly.
  2. There are thousands of publications on Medium covering a wide range of topics. With so many options, it's important to find the top ones that align with your interests and goals.
  3. Recent changes in Medium's programs allow editors to support writers more effectively. This means writers can earn more and gain better access to their target audience.

Introducing the "Why the low multiple" series

Yet Another Value Blog • 1985 implied HN points • 08 Jan 24
💰 Finance Earnings
  1. Companies trading at low multiples may face market doubts about the sustainability of their earnings.
  2. Low multiples can present interesting opportunities if a company's earnings hold up longer than expected.
  3. Industries like tobacco and coal can trade at low multiples, but still create value before their 'inevitable' demise.

👑 Everything you need to know about valuation

Compounding Quality • 2614 implied HN points • 23 Feb 23
💰 Finance Earnings
  1. In the short term, stock prices are driven by fluctuations in valuation, while in the long term, they follow the intrinsic value of a company.
  2. When investing, it's crucial to buy stocks at a discount to their true worth to avoid poor results.
  3. Consider factors like Return On Invested Capital (ROIC) and expected growth when evaluating the value of a company to make informed investment decisions.

Hovnanian 2025 Details

Erdmann Housing Tracker • 84 implied HN points • 26 Jan 26
💰 Finance Earnings
  1. The piece discusses key details from Hovnanian's 2025 10-K annual report.
  2. It builds on a prior analysis of the company's 2025 fourth-quarter results.
  3. Much of the deeper analysis is behind a paywall, though some content is available for free and readers can subscribe to read the full post.

News of the Week (January 8 - 12)

Stock Market Nerd • 1257 implied HN points • 13 Jan 24
💰 Finance Earnings
  1. Bank of America and J.P. Morgan's big bank earnings showed a resilient consumer despite some slowing signs.
  2. Disney's new partnership with the NFL for ESPN content distribution is a smart move for exclusive access and success of the streaming service.
  3. SoFi's recent layoffs were part of a strategic move to focus on key priorities for continued profitability and growth.

Disney & PayPal Earnings Reviews

Stock Market Nerd • 963 implied HN points • 08 Feb 24
💰 Finance Earnings
  1. Disney missed revenue estimates slightly but saw growth in streaming revenue.
  2. Disney beat earnings estimates and showed strong profitability and balance sheet
  3. PayPal beat revenue estimates and showed stable transaction margin growth, but gave conservative guidance for 2024

Dell Clown Fiesta

Irrational Analysis • 279 implied HN points • 01 Jun 24
💰 Finance Earnings
  1. Some investors exhibit group-think behavior, leading to irrational market actions.
  2. Investing in the semiconductor industry requires thorough research and understanding of the market dynamics.
  3. HBM/Micron presents a unique investment opportunity due to increased demand and supply constraints.

News of the Week (February 5 - 9)

Stock Market Nerd • 825 implied HN points • 10 Feb 24
💼 Business Earnings
  1. Cloudflare provides web optimization and security, showing strong revenue growth and expanding services beyond traditional security tools like network firewalls
  2. Spotify had a mixed quarter, with growth seen in 2023 but missed revenue estimates for Q4, leading to a focus on evolving its operations
  3. Amazon plans cost cuts in its healthcare unit, while Duolingo faces the risk of potential disruption by emerging GenAI language translation technologies

News of the Week (January 22 - 26)

Stock Market Nerd • 845 implied HN points • 27 Jan 24
💰 Finance Earnings
  1. Visa, American Express, and Capital One reported their credit earnings, beating revenue and earnings estimates.
  2. ServiceNow had a strong earnings review, showing growth in demand and margins.
  3. Intuitive Surgical's earnings review highlighted robust procedure growth, showcasing its dominance in robotic surgical systems.

News of the Week (Jan 29 - Feb 2)

Stock Market Nerd • 707 implied HN points • 03 Feb 24
💰 Finance Earnings
  1. Apple beat revenue estimates but had mixed performance in different product segments, especially in China.
  2. Mastercard surpassed revenue estimates and saw growth in various sectors like cross-border revenue and value-add services.
  3. Match's financial results were strong, although challenges like negative payer growth from price hikes are temporary.
  4. AMD ranked well in Cloud Workload Security and continues to expand its offerings with the potential for higher revenue and margins.
  5. CrowdStrike received recognition in Forrester's Cloud Workload Security report and shows promising growth potential with increased modules for clients.

Investing Update: An Opportunity In Software?

Spilled Coffee • 44 implied HN points • 31 Jan 26
💰 Finance Earnings
  1. Materials and energy are getting big inflows and clean technical breakouts, so those sectors look poised to lead the next move higher.
  2. Semiconductors are signaling market leadership and could pull big-cap tech higher, while software is deeply out of favor with record-low hedge fund exposure—so it may be a rebound opportunity but still carries AI-related downside risk.
  3. Consumer confidence and labor-market indicators are weakening even as stocks hit highs, and with February’s historical weakness after a positive January, economic pain reaching consumers could create downside risk.

Tesla & Netflix Earnings Reviews

Stock Market Nerd • 628 implied HN points • 25 Jan 24
💰 Finance Earnings
  1. Tesla missed revenue estimates and faces challenges with demand and margins
  2. Netflix exceeded revenue estimates and subscriber growth while focusing on ad-supported content and gaming
  3. Both companies have strong cash positions but face uncertainties in the future due to industry trends and market conditions

Banks banks banks (redux)

Yet Another Value Blog • 1022 implied HN points • 23 Oct 23
💰 Finance Earnings
  1. If you're looking at banks below tangible book value, you don't need to worry much about hidden disasters on their balance sheets.
  2. Even though there are concerns like a potential commercial real estate crisis or a recession, banks seem well-prepared and overcapitalized.
  3. Rising interest rates could actually make banks more profitable due to their interest rate sensitivity.

The Big Short dude is worried about Big Tech earnings

Alex's Personal Blog • 164 implied HN points • 12 Nov 25
💼 Business Earnings
  1. Investors are concerned that big tech might be misleading about their earnings due to how they report the costs of their data center investments. If companies extend the lifespan of their equipment, it can make their profits look better in the short term.
  2. A lot of private companies are hitting the $100 million annual recurring revenue mark, which is becoming a common milestone for startups aiming to grow. This level of revenue is a big deal because it's seen as a stepping stone toward going public.
  3. Despite worries about an AI bubble, many companies are growing quickly and generating significant revenue. This rapid growth could help stabilize their market positions, even if some projects fail.

☁️ Amazon: Ads Take the Cake

How They Make Money • 491 implied HN points • 06 Feb 24
💼 Business Earnings
  1. Amazon saw a significant increase in free cash flow due to its booming advertising business.
  2. Amazon stands out by reinvesting in growth and innovation instead of returning cash to shareholders.
  3. The company is focusing on Generative AI and its potential revenue impact.

Further Thoughts on Tornetta (and a bit about Veracini)

lawrence’s Substack • 219 implied HN points • 12 Apr 24
💰 Finance Earnings
  1. Attorneys' fees in legal cases can be substantial, with requests reaching billions of dollars, setting new records
  2. Tesla may face implications in its stock price due to potential sale of awarded shares, creating a significant influence on the market
  3. The _Tornetta_ decision could result in a significant earnings windfall and raises questions about the fundamental duty of a board of directors in improving shareholder value

"Time Is Of The Essence"

TSOH Investment Research Service • 393 implied HN points • 29 Jan 24
💰 Finance Earnings
  1. Comcast's strong financial performance with record highs in adjusted EBITDA and EPS
  2. Comcast's focus on returning capital to shareholders through stock repurchases
  3. Key assumptions for Comcast's future success include segment stability, growth, and resisting transformative M&A

Uber Earnings Review

Stock Market Nerd • 334 implied HN points • 07 Feb 24
💰 Finance Earnings
  1. Uber's demand is strong, with growth in bookings, revenue, and take rates across its segments.
  2. Uber's profitability metrics show efficiency improvements in various cost categories.
  3. Uber has a healthy balance sheet with high investments, debt, and potential buyback, while its guidance indicates growth expectations and favorable valuation.

Microsoft, Google Q1 results

Martin’s Newsletter • 668 implied HN points • 26 Apr 23
💼 Business Earnings
  1. Microsoft and Google had good Q1 results, which is positive news for corporate America.
  2. Microsoft excelled in the 'more personal computing' division and investors are focused on the Cloud.
  3. Google's advertising business had a flat quarter and faces challenges with product development in AI.

Portfolio Review - January 2024

The Wolf of Harcourt Street • 399 implied HN points • 01 Feb 24
💰 Finance Earnings
  1. The newsletter discusses investing in NU Holdings as a new position due to its growth potential in Latin America.
  2. The author shares insights on adding to their Auto Partner position, seizing an opportunity when the stock price dropped.
  3. The author presents a buy list, highlighting Evolution and NU as stocks to watch and potentially add to the portfolio.

Coinbase Q3 2023 Earnings

DeFi Education • 519 implied HN points • 03 Nov 23
💰 Finance Earnings
  1. Coinbase had some good news in their Q3 earnings report. They are seeing signs of positive growth.
  2. However, there is bad news too, as some challenges in the market could affect their performance.
  3. The recent verdict in the Sam Bankman-Fried trial is significant and could impact the crypto industry and its regulations.

10X @ JPM

ASeq Newsletter • 29 implied HN points • 13 Jan 26
💰 Finance Earnings
  1. 10X presented at JPM after releasing preliminary full‑year results, and Serge’s clear, confident presentation showed a strong command of the company’s technology and market which made the talk engaging.
  2. They emphasized potential clinical growth; if clinical revenue expands strongly it would be a positive development and could push the business toward a mostly clinical market like Illumina.
  3. Oncology was flagged as an important clinical area of focus.

Ticker Take: a weekly newsletter on investing.

Jon’s Newsletter • 119 implied HN points • 05 May 24
💰 Finance Earnings
  1. Selling stocks in May may not be the best strategy, as historical data shows it only works about a quarter of the time since 2008.
  2. The current stock market is looking healthier, with positive earnings and potential interest rate cuts, which might lead to steady gains this year.
  3. Investors are keeping an eye on dividend stocks and marijuana stocks, as both sectors show potential for growth and steady income.

This is a time publishers ought to be investing and exploring new territory vs. laying people off and hunkering down. So why are so few of the big companies doing that?

How to Glow in the Dark • 559 implied HN points • 06 Oct 23
💼 Business Earnings
  1. This is a challenging time for publishers to invest and innovate, yet many big companies are not doing so.
  2. Major publishing companies are facing reduced earnings despite increased sales, leading to layoffs and cost-cutting measures.
  3. The industry's response to financial challenges has mainly involved squeezing employees and authors, rather than focusing on long-term growth and support.