{"id":88328,"date":"2026-04-29T08:00:00","date_gmt":"2026-04-29T00:00:00","guid":{"rendered":"https:\/\/www.kgieworld.sg\/research\/?p=88328"},"modified":"2026-04-29T08:00:00","modified_gmt":"2026-04-29T00:00:00","slug":"technical-analysis-29-april-2026","status":"publish","type":"post","link":"https:\/\/www.kgieworld.sg\/researchstg\/technical-analysis-29-april-2026\/","title":{"rendered":"Technical Analysis &#8211; 29 April 2026"},"content":{"rendered":"\n<p class=\"has-cyan-bluish-gray-background-color has-background wp-block-paragraph\" id=\"top\"><strong><a href=\"\/researchstg\/#us\">United States<\/a> | <a href=\"\/researchstg\/#sg\">Singapore<\/a> | <a href=\"\/researchstg\/#hk\">Hong Kong<\/a> | <a href=\"\/researchstg\/#ea\" title=\"\">Earnings<\/a><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"us\"><a id=\"post-76998-_5ifytjpamge8\"><\/a><figure><img fetchpriority=\"high\" decoding=\"async\" width=\"637\" height=\"135\" class=\"wp-image-77026\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2025\/09\/word-image-76998-1.png\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2025\/09\/word-image-76998-1.png 637w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2025\/09\/word-image-76998-1-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\">CVS Health Corporation\u00a0(CVS\u00a0US)<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"903\" height=\"540\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-455.png\" alt=\"\" class=\"wp-image-88409\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-455.png 903w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-455-300x179.png 300w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-455-768x459.png 768w\" sizes=\"(max-width: 903px) 100vw, 903px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed above the\u00a05dEMA.\u00a0<\/li>\n\n\n\n<li>Both RSI and MACD are constructive.\u00a0<\/li>\n\n\n\n<li><strong>Long \u2013 Entry\u00a077,\u00a0Target\u00a085,\u00a0Stop\u00a073<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-9.png\" alt=\"A line in a white background\n\nDescription automatically generated\" class=\"wp-image-87138\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-9.png 637w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-9-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Zumiez\u00a0Inc.\u00a0(ZUMZ\u00a0US)\u00a0<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"903\" height=\"540\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-456.png\" alt=\"\" class=\"wp-image-88410\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-456.png 903w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-456-300x179.png 300w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-456-768x459.png 768w\" sizes=\"(max-width: 903px) 100vw, 903px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed\u00a0slightly below the 5dEMA.\u00a0\u00a0<\/li>\n\n\n\n<li>Both RSI and MACD are constructive.\u00a0<\/li>\n\n\n\n<li><strong>Long \u2013 Entry\u00a024,\u00a0Target\u00a030,\u00a0Stop\u00a021<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"\/researchstg\/#top\" title=\"\">^ Back To Top<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-87084-4-1.png\" alt=\"\" class=\"wp-image-87140\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-87084-4-1.png 637w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-87084-4-1-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"sg\"><a id=\"post-86958-_q3z2pzaup3mw\"><\/a><figure><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-86958-5.png\" class=\"wp-image-87044\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-86958-5.png 637w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-86958-5-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\">Golden Agri-Resources Ltd.\u00a0(GGR\u00a0SP)\u00a0<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-442.png\" alt=\"\" class=\"wp-image-88331\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed\u00a0above the 5dEMA with rising volume.\u00a0<\/li>\n\n\n\n<li>Both RSI and MACD are constructive.\u00a0<\/li>\n\n\n\n<li><strong>Buy\u00a0\u2013 Entry\u00a00.29,\u00a0Target\u00a00.33,\u00a0Stop\u00a00.27<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-10.png\" alt=\"A line in a white background\n\nDescription automatically generated\" class=\"wp-image-87159\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-10.png 637w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-10-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">MoneyMax\u00a0Financial Services Ltd.\u00a0(MMFS\u00a0SP)\u00a0<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-443.png\" alt=\"\" class=\"wp-image-88332\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed above the 5dEMA.\u00a0<\/li>\n\n\n\n<li>Both RSI and MACD are constructive.\u00a0<\/li>\n\n\n\n<li><strong>Buy\u00a0\u2013 Entry\u00a00.88,\u00a0Target\u00a01.00,\u00a0Stop\u00a00.82<\/strong>\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"\/researchstg\/#top\" title=\"\">^ Back To Top<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-87147-4.png\" alt=\"\" class=\"wp-image-87161\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-87147-4.png 637w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-87147-4-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"hk\"><a id=\"post-87147-_ox2yqx6nkukc\"><\/a><figure><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" class=\"wp-image-87162\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-87147-5.png\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-87147-5.png 637w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-87147-5-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"hk\">Tsingtao Brewery Co., Ltd. (168\u00a0HK) \u00a0<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-444.png\" alt=\"\" class=\"wp-image-88333\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed at a two-months high above the 5dEMA with a surge in volume.\u00a0<\/li>\n\n\n\n<li>Both RSI and MACD are constructive.\u00a0<\/li>\n\n\n\n<li><strong>Long\u00a0<\/strong>\u2013\u00a0<strong>Entry\u00a052,\u00a0Target\u00a056,\u00a0Stop\u00a050<\/strong><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-10.png\" alt=\"A line in a white background\n\nDescription automatically generated\" class=\"wp-image-87159\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-10.png 637w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-10-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Yihai\u00a0International Holding Ltd.\u00a0(1579\u00a0HK)\u00a0\u00a0<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-445.png\" alt=\"\" class=\"wp-image-88334\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed above the 20dEMA. The 5dEMA crossed the 10dEMA.\u00a0<\/li>\n\n\n\n<li>RSI is constructive, while MACD is about to turn positive.\u00a0<\/li>\n\n\n\n<li><strong>Long \u2013 Entry\u00a015.8,\u00a0Target\u00a017.0, Stop\u00a015.2<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"\/researchstg\/#top\" title=\"\">^ Back To Top<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-86958-14.png\" alt=\"\" class=\"wp-image-87053\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-86958-14.png 637w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-86958-14-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\" id=\"er\"><img loading=\"lazy\" decoding=\"async\" width=\"601\" height=\"108\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-86958-15.png\" alt=\"\" class=\"wp-image-87054\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-86958-15.png 601w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-86958-15-300x54.png 300w\" sizes=\"(max-width: 601px) 100vw, 601px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>United Parcel Service, Inc.\u00a0(UPS)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Revenue:\u00a0<\/strong>$21.2B,\u00a0-1.4% YoY,\u00a0beat\u00a0estimates\u00a0by $230M\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Non-GAAP\u00a0EPS<\/strong>:\u00a0$1.07,\u00a0beat\u00a0estimates by\u00a0$0.05\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>FY<\/strong><strong>26\u00a0Guidance:<\/strong>\u00a0Reaffirmed FY26 revenue guidance of $89.7B and adjusted operating profit guidance of $8.6B. The company continues to target a 9.6% adjusted operating margin for 2026.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Dividends:\u00a0<\/strong>Quarterly dividend\u00a0remains\u00a0$1.64 per share.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Comment:\u00a0<\/strong>The quarter was better than feared on the surface but not clean enough to materially improve sentiment. Revenue and adjusted EPS both came in ahead of expectations, supported by a sharper focus on yield over volume. U.S. Domestic revenue per piece increased 6.5%, while\u00a0consolidated\u00a0revenue declined 1.6%, reflecting the company\u2019s deliberate shift away from lower-quality volume, including Amazon-related business.\u00a0The issue is that margins\u00a0remain\u00a0under pressure. Adjusted operating margin was 6.2%, down from 8.2% a year earlier, and domestic adjusted operating profit fell sharply as volume declines, transition costs, and network realignment continued to weigh on results. That suggests the portfolio upgrade strategy is directionally right, but the near-term earnings bridge is still uneven. Management expects revenue and profit growth to resume in 2Q26, but the market reaction\u00a0indicates\u00a0investors want clearer proof. Fuel costs have risen, demand elasticity\u00a0remains\u00a0uncertain, and there are still questions about how much of the cost pressure can be passed through, particularly in lower-margin channels. The stock fell after the release despite the beat, which is consistent with a market that is waiting for visible margin recovery rather than only better-than-feared quarterly results. The principal variables to monitor are domestic volume stabilization, margin recovery as the network is restructured, price realization on higher-yield shipments, and whether 2Q26\u00a0actually marks\u00a0the return to top-line and profit growth. For now, the setup\u00a0remains\u00a0transitional rather than decisively improving.\u00a0<strong>2Q26\u00a0recommended trading range: $97\u00a0to $120.\u00a0Neutral\u00a0Outlook.<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u8054\u5408\u5305\u88f9\u670d\u52a1\u516c\u53f8\uff08UPS<\/strong><strong>)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u8425\u6536\uff1a<\/strong>212\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u4e0b\u964d1.4%\uff0c\u8d85\u51fa\u9884\u671f2.3\u4ebf\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>1.07\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f0.05\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u5168\u5e74\u6307\u5f15\uff1a<\/strong>\u91cd\u7533\u5168\u5e74\u8425\u6536897\u4ebf\u7f8e\u5143\u3001\u8c03\u6574\u540e\u8425\u4e1a\u5229\u6da686\u4ebf\u7f8e\u5143\uff1b\u7ef4\u63012026\u5e74\u8c03\u6574\u540e\u8425\u4e1a\u5229\u6da6\u73879.6%\u7684\u76ee\u6807\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u80a1\u606f\uff1a<\/strong>\u7ef4\u6301\u5b63\u5ea6\u80a1\u606f\u6bcf\u80a11.64\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>\u672c\u5b63\u5ea6\u8868\u73b0\u8868\u9762\u597d\u4e8e\u62c5\u5fe7\uff0c\u4f46\u4e0d\u8db3\u4ee5\u663e\u8457\u6539\u5584\u5e02\u573a\u60c5\u7eea\u3002\u8425\u6536\u4e0e\u8c03\u6574\u540eEPS\u5747\u8d85\u9884\u671f\uff0c\u4e3b\u56e0\u516c\u53f8\u66f4\u805a\u7126\u9ad8\u6536\u76ca\u4e1a\u52a1\u800c\u975e\u4f4e\u8d28\u8d27\u91cf\uff1a\u7f8e\u56fd\u56fd\u5185\u5355\u4ef6\u6536\u5165\u589e\u957f6.5%\uff0c\u800c\u5408\u5e76\u8425\u6536\u4e0b\u964d1.6%\uff0c\u53cd\u6620\u5176\u4e3b\u52a8\u524a\u51cf\u5305\u62ec\u4e9a\u9a6c\u900a\u5728\u5185\u7684\u4f4e\u5229\u6da6\u4e1a\u52a1\u3002\u7136\u800c\uff0c\u5229\u6da6\u7387\u4ecd\u627f\u538b\uff1a\u8c03\u6574\u540e\u8425\u4e1a\u5229\u6da6\u7387\u4ec56.2%\uff0c\u8fdc\u4f4e\u4e8e\u53bb\u5e74\u540c\u671f8.2%\uff1b\u56fd\u5185\u8c03\u6574\u540e\u8425\u4e1a\u5229\u6da6\u5927\u5e45\u4e0b\u6ed1\uff0c\u53d7\u8d27\u91cf\u51cf\u5c11\u3001\u8f6c\u578b\u6210\u672c\u53ca\u7f51\u7edc\u91cd\u7ec4\u6301\u7eed\u62d6\u7d2f\u3002\u8fd9\u8868\u660e\u5176\u201c\u63d0\u5347\u4e1a\u52a1\u8d28\u91cf\u201d\u7684\u6218\u7565\u65b9\u5411\u6b63\u786e\uff0c\u4f46\u8fd1\u7aef\u76c8\u5229\u8def\u5f84\u4ecd\u4e0d\u5e73\u7a33\u3002\u7ba1\u7406\u5c42\u9884\u8ba1Q2\u5c06\u6062\u590d\u8425\u6536\u4e0e\u5229\u6da6\u589e\u957f\uff0c\u4f46\u5e02\u573a\u53cd\u5e94\u51b7\u6de1\u2014\u2014\u8d22\u62a5\u540e\u80a1\u4ef7\u4e0b\u8dcc\uff0c\u663e\u793a\u6295\u8d44\u8005\u6b63\u7b49\u5f85\u53ef\u89c1\u7684\u5229\u6da6\u7387\u4fee\u590d\u8bc1\u636e\uff0c\u800c\u975e\u4ec5\u201c\u4f18\u4e8e\u9884\u671f\u201d\u7684\u5355\u5b63\u6570\u636e\u3002\u5f53\u524d\u6311\u6218\u5305\u62ec\uff1a\u71c3\u6cb9\u6210\u672c\u4e0a\u5347\u3001\u9700\u6c42\u5f39\u6027\u4e0d\u660e\u6717\uff0c\u4ee5\u53ca\u80fd\u5426\u5728\u4f4e\u5229\u6da6\u6e20\u9053\u6709\u6548\u8f6c\u5ac1\u6210\u672c\u3002\u540e\u7eed\u5173\u952e\u53d8\u91cf\u5305\u62ec\uff1a\uff081\uff09\u7f8e\u56fd\u56fd\u5185\u8d27\u91cf\u662f\u5426\u4f01\u7a33\uff1b\uff082\uff09\u7f51\u7edc\u91cd\u6784\u540e\u5229\u6da6\u7387\u80fd\u5426\u56de\u5347\uff1b\uff083\uff09\u9ad8\u6536\u76ca\u8d27\u4ef6\u7684\u5b9a\u4ef7\u5b9e\u73b0\u60c5\u51b5\uff1b\uff084\uff09Q2\u662f\u5426\u771f\u6b63\u6807\u5fd7\u9876\u5c42\u4e0e\u76c8\u5229\u91cd\u56de\u589e\u957f\u8f68\u9053\u3002\u76ee\u524d\u683c\u5c40\u4ecd\u5c5e\u8f6c\u578b\u8fc7\u6e21\u671f\uff0c\u5c1a\u672a\u786e\u7acb\u660e\u786e\u6539\u5584\u8d8b\u52bf\u3002<strong>26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a97\u7f8e\u5143\u81f3120\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f\u3002<\/strong>\u00a0<br>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The Coca-Cola Company (KO)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Revenue:\u00a0<\/strong>$12.5B,\u00a0+12.6% YoY,\u00a0beat\u00a0estimates by $270M\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Non-GAAP\u00a0EPS<\/strong>:\u00a0$0.86,\u00a0beat\u00a0estimates by\u00a0$0.05\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>FY<\/strong><strong>26 Guidance:<\/strong>\u00a0Raised FY26 comparable EPS growth outlook to 8% to 9% from 7% to 8%. Organic revenue growth guidance was\u00a0maintained\u00a0at 4% to 5%.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Comment:\u00a0<\/strong>The quarter was strong and cleaner than recent consumer staples\u00a0prints. Volume grew 3% globally, ahead of price\/mix growth of 2%, which\u00a0indicates\u00a0the company is still generating real demand rather than relying only on pricing. Comparable operating margin also improved to 34.5% from 33.8%, showing that cost pressure\u00a0remains\u00a0manageable. The most important positive is that Coca-Cola was able to raise profit guidance despite higher energy and packaging costs. Management\u00a0appears to be\u00a0offsetting that pressure through hedging, mix, and disciplined revenue management, while category share also improved in total\u00a0nonalcoholic\u00a0ready-to-drink beverages. Coca-Cola Zero Sugar\u00a0remained\u00a0a clear growth driver, with volume up 13%. The market reaction was constructive, with shares rising about 5% to 6% on the day as investors responded to the beat and guidance raise. The principal variables to monitor are whether volume-led growth can persist if consumer budgets weaken further, whether input-cost pressure stays\u00a0contained, and whether margin expansion continues while the company invests behind healthier and more affordable product formats.\u00a0<strong>2Q26 recommended trading range: $74\u00a0to $88. Neutral Outlook.<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u53ef\u53e3\u53ef\u4e50\u516c\u53f8\uff08KO<\/strong><strong>)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u8425\u6536\uff1a<\/strong>125\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f12.6%\uff0c\u8d85\u51fa\u9884\u671f2.7\u4ebf\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>0.86\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f0.05\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u5168\u5e74\u6307\u5f15\uff1a<\/strong>\u4e0a\u8c03\u53ef\u6bd4\u6bcf\u80a1\u6536\u76ca\u589e\u957f\u9884\u671f\u81f38%\u20139%\uff08\u6b64\u524d\u4e3a7%\u20138%\uff09\uff1b\u7ef4\u6301\u6709\u673a\u6536\u5165\u589e\u957f4%\u20135%\u4e0d\u53d8\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>\u672c\u5b63\u5ea6\u8868\u73b0\u5f3a\u52b2\uff0c\u4e14\u8d28\u91cf\u4f18\u4e8e\u8fd1\u671f\u591a\u6570\u5fc5\u9700\u6d88\u8d39\u54c1\u8d22\u62a5\u3002\u5168\u7403\u9500\u91cf\u589e\u957f3%\uff0c\u8d85\u8fc7\u4ef7\u683c\/\u4ea7\u54c1\u7ec4\u5408\u8d21\u732e\u76842%\uff0c\u8868\u660e\u516c\u53f8\u4ecd\u5728\u521b\u9020\u771f\u5b9e\u9700\u6c42\uff0c\u800c\u975e\u4ec5\u4f9d\u8d56\u63d0\u4ef7\u9a71\u52a8\u589e\u957f\u3002\u53ef\u6bd4\u8425\u4e1a\u5229\u6da6\u7387\u4ece33.8%\u63d0\u5347\u81f334.5%\uff0c\u663e\u793a\u6210\u672c\u538b\u529b\u53ef\u63a7\u3002\u5c24\u4e3a\u5173\u952e\u7684\u662f\uff0c\u5728\u80fd\u6e90\u4e0e\u5305\u88c5\u6210\u672c\u4e0a\u5347\u80cc\u666f\u4e0b\uff0c\u516c\u53f8\u4ecd\u4e0a\u8c03\u5168\u5e74\u76c8\u5229\u6307\u5f15\uff0c\u53cd\u6620\u5176\u901a\u8fc7\u5957\u671f\u4fdd\u503c\u3001\u4ea7\u54c1\u7ec4\u5408\u4f18\u5316\u53ca\u4e25\u683c\u7684\u6536\u5165\u7ba1\u7406\u6709\u6548\u5bf9\u51b2\u901a\u80c0\uff1b\u540c\u65f6\uff0c\u5728\u5168\u54c1\u7c7b\u65e0\u9152\u7cbe\u5373\u996e\u996e\u6599\u5e02\u573a\u4e2d\u7684\u4efd\u989d\u4ea6\u6709\u6240\u63d0\u5347\u3002\u96f6\u7cd6\u53ef\u53e3\u53ef\u4e50\uff08Coca-Cola Zero Sugar\uff09\u7ee7\u7eed\u6210\u4e3a\u6838\u5fc3\u589e\u957f\u5f15\u64ce\uff0c\u9500\u91cf\u540c\u6bd4\u5927\u589e13%\u3002\u8d22\u62a5\u53d1\u5e03\u540e\u80a1\u4ef7\u4e0a\u6da8\u7ea65%\u20136%\uff0c\u6295\u8d44\u8005\u79ef\u6781\u56de\u5e94\u8d85\u9884\u671f\u8868\u73b0\u53ca\u6307\u5f15\u4e0a\u8c03\u3002\u540e\u7eed\u5173\u952e\u53d8\u91cf\u5305\u62ec\uff1a\uff081\uff09\u82e5\u6d88\u8d39\u8005\u9884\u7b97\u8fdb\u4e00\u6b65\u6536\u7d27\uff0c\u9500\u91cf\u9a71\u52a8\u7684\u589e\u957f\u80fd\u5426\u6301\u7eed\uff1b\uff082\uff09\u539f\u6750\u6599\u6210\u672c\u538b\u529b\u662f\u5426\u7ef4\u6301\u53d7\u63a7\uff1b\uff083\uff09\u5728\u52a0\u5927\u5bf9\u66f4\u5065\u5eb7\u3001\u66f4\u5b9e\u60e0\u4ea7\u54c1\u5f62\u5f0f\u6295\u8d44\u7684\u540c\u65f6\uff0c\u5229\u6da6\u7387\u6269\u5f20\u8d8b\u52bf\u80fd\u5426\u5ef6\u7eed\u3002<strong>26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a74\u7f8e\u5143\u81f388\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f\u3002<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Corning Incorporated (GLW)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Revenue:\u00a0<\/strong>$4.35B,\u00a0beat\u00a0estimates\u00a0by $40M.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Non-GAAP\u00a0EPS<\/strong>:\u00a0$0.70,\u00a0beat estimates by\u00a0$0.01\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>2Q<\/strong><strong>26 Guidance:<\/strong>\u00a02Q26 core sales guided to about $4.6B and core EPS to $0.73 to $0.77. Guidance includes an\u00a0additional\u00a0$30M of expense from the extended solar wafer facility maintenance shutdown.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Comment:\u00a0<\/strong>The quarter was strong operationally, driven by optical communications and AI-related demand. Optical Communications sales rose 36% to $1.85B, and management\u00a0disclosed\u00a0two\u00a0additional\u00a0multiyear\u00a0hyperscaler\u00a0agreements similar in structure to its prior large Meta-related deal. Core operating margin also improved to 20.2%, showing solid operating leverage. The issue is that the market focused on the outlook rather than the quarter. Second-quarter sales guidance of about $4.6B came in slightly below expectations, while non-optical segments\u00a0remain\u00a0softer due to weak electronics replacement cycles and slower smartphone demand. The solar maintenance shutdown also adds temporary cost pressure. Shares fell more than 5% after the release, reflecting concern that AI-driven optical strength is not yet broad enough to fully offset weakness elsewhere. The principal variables to monitor are optical demand conversion from the new\u00a0hyperscaler\u00a0agreements, recovery in display and specialty materials, normalization after the solar facility shutdown, and whether the company can broaden growth beyond the AI connectivity theme.\u00a0<strong>2Q26 recommended trading range: $130 to $190. Neutral Outlook.<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u5eb7\u5b81\u516c\u53f8\uff08GLW<\/strong><strong>)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u8425\u6536\uff1a<\/strong>43.5\u4ebf\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f4000\u4e07\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>0.70\u7f8e\u5143\uff0c\u5c0f\u5e45\u8d85\u51fa\u9884\u671f0.01\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u6307\u5f15\uff1a<\/strong>\u6838\u5fc3\u9500\u552e\u989d\u7ea646\u4ebf\u7f8e\u5143\uff0c\u6838\u5fc3\u6bcf\u80a1\u6536\u76ca0.73\u20130.77\u7f8e\u5143\uff1b\u6307\u5f15\u5305\u542b\u56e0\u592a\u9633\u80fd\u7845\u7247\u5de5\u5382\u7ef4\u62a4\u505c\u5de5\u5ef6\u957f\u5e26\u6765\u7684\u989d\u59163000\u4e07\u7f8e\u5143\u652f\u51fa\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>\u672c\u5b63\u5ea6\u8fd0\u8425\u8868\u73b0\u5f3a\u52b2\uff0c\u4e3b\u8981\u53d7\u5149\u901a\u4fe1\u4e0eAI\u76f8\u5173\u9700\u6c42\u9a71\u52a8\u3002\u5149\u901a\u4fe1\u4e1a\u52a1\u9500\u552e\u989d\u5927\u589e36%\u81f318.5\u4ebf\u7f8e\u5143\uff0c\u7ba1\u7406\u5c42\u62ab\u9732\u5df2\u7b7e\u7f72\u4e24\u4efd\u65b0\u7684\u591a\u5e74\u671f\u8d85\u5927\u89c4\u6a21\u5ba2\u6237\u534f\u8bae\uff0c\u7ed3\u6784\u7c7b\u4f3c\u6b64\u524d\u4e0eMeta\u7684\u5927\u5355\uff0c\u8fdb\u4e00\u6b65\u5de9\u56fa\u5176\u5728AI\u6570\u636e\u4e2d\u5fc3\u57fa\u7840\u8bbe\u65bd\u4e2d\u7684\u5173\u952e\u5730\u4f4d\u3002\u6838\u5fc3\u8425\u4e1a\u5229\u6da6\u7387\u63d0\u5347\u81f320.2%\uff0c\u663e\u793a\u663e\u8457\u7684\u8fd0\u8425\u6760\u6746\u3002\u7136\u800c\uff0c\u5e02\u573a\u7126\u70b9\u4e0d\u5728\u5f53\u5b63\u8868\u73b0\uff0c\u800c\u5728\u524d\u77bb\u6307\u5f15\u504f\u5f31\uff1aQ2\u9500\u552e\u989d\u6307\u5f15\u7ea646\u4ebf\u7f8e\u5143\u7565\u4f4e\u4e8e\u9884\u671f\uff0c\u4e14\u975e\u5149\u901a\u4fe1\u4e1a\u52a1\u4ecd\u663e\u75b2\u8f6f\u2014\u2014\u663e\u793a\u7535\u5b50\u8bbe\u5907\u6362\u673a\u5468\u671f\u4f4e\u8ff7\u4e0e\u667a\u80fd\u624b\u673a\u9700\u6c42\u653e\u7f13\u6301\u7eed\u62d6\u7d2f\u663e\u793a\u79d1\u6280\u4e0e\u7279\u79cd\u6750\u6599\u677f\u5757\u3002\u6b64\u5916\uff0c\u592a\u9633\u80fd\u5de5\u5382\u7ef4\u62a4\u505c\u5de5\u5ef6\u957f\u5e26\u6765\u77ed\u671f\u6210\u672c\u538b\u529b\u3002\u8d22\u62a5\u53d1\u5e03\u540e\u80a1\u4ef7\u4e0b\u8dcc\u903e5%\uff0c\u53cd\u6620\u6295\u8d44\u8005\u62c5\u5fe7\uff1aAI\u9a71\u52a8\u7684\u5149\u901a\u4fe1\u5f3a\u52bf\u5c1a\u4e0d\u8db3\u4ee5\u5168\u9762\u62b5\u6d88\u5176\u4ed6\u4e1a\u52a1\u75b2\u8f6f\u3002\u540e\u7eed\u5173\u952e\u53d8\u91cf\u5305\u62ec\uff1a\uff081\uff09\u65b0\u8d85\u5927\u89c4\u6a21\u5ba2\u6237\u8ba2\u5355\u80fd\u5426\u987a\u5229\u8f6c\u5316\u4e3a\u6536\u5165\uff1b\uff082\uff09\u663e\u793a\u4e0e\u7279\u79cd\u6750\u6599\u4e1a\u52a1\u80fd\u5426\u590d\u82cf\uff1b\uff083\uff09\u592a\u9633\u80fd\u5de5\u5382\u505c\u5de5\u5f71\u54cd\u4f55\u65f6\u6d88\u9000\uff1b\uff084\uff09\u516c\u53f8\u80fd\u5426\u5c06\u589e\u957f\u53d9\u4e8b\u4ece\u201cAI\u8fde\u63a5\u201d\u6269\u5c55\u81f3\u66f4\u5e7f\u6cdb\u9886\u57df\u3002<strong>26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a130\u7f8e\u5143\u81f3190\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f\u3002<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Spotify Technology S.A. (SPOT)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Revenue:\u00a0<\/strong>\u20ac4.53B,\u00a0+7.9% YoY,\u00a0beat\u00a0estimates by\u00a0\u20ac10M\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0GAAP\u00a0EPS<\/strong>:\u00a0\u20ac3.45,\u00a0beat estimates by\u00a0\u20ac0.51\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>2Q<\/strong><strong>26 Guidance:<\/strong>\u00a02Q26 revenue guided to \u20ac4.8B, gross margin to 33.1%, operating income to \u20ac630M, MAUs to 778M, and Premium Subscribers to 299M.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Comment:\u00a0<\/strong>The quarter was strong on profitability and user growth. MAUs rose 12% YoY to\u00a0761M\u00a0and Premium Subscribers rose 9% YoY to 293M, while gross margin reached a Q1 record 33.0% and free cash flow reached a Q1 record \u20ac824M. Premium revenue grew 10%, although ad-supported revenue was weaker.\u00a0The market focused on softer forward indicators rather than the quarter itself. Q2 guidance for 299M Premium Subscribers was slightly below expectations, and operating income guidance of \u20ac630M also came in light\u00a0relative\u00a0to consensus. The stock fell\u00a0roughly 12%\u00a0to 13% after the release,\u00a0indicating\u00a0concern that recent price increases and higher operating expenses could moderate near-term momentum. The principal variables to monitor are Premium subscriber additions after the latest price increases, ad-supported revenue recovery,\u00a0operating-expense discipline, and whether margin gains can continue alongside user growth.\u00a0<strong>2Q26 recommended trading range: $400\u00a0to $500.\u00a0Positive\u00a0Outlook.<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Spotify Technology S.A.\uff08SPOT<\/strong><strong>)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u8425\u6536\uff1a<\/strong>45.3\u4ebf\u6b27\u5143\uff0c\u540c\u6bd4\u589e\u957f7.9%\uff0c\u8d85\u51fa\u9884\u671f1000\u4e07\u6b27\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>3.45\u6b27\u5143\uff0c\u5927\u5e45\u8d85\u51fa\u9884\u671f0.51\u6b27\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u6307\u5f15\uff1a<\/strong>\u8425\u653648\u4ebf\u6b27\u5143\u3001\u6bdb\u5229\u738733.1%\u3001\u8425\u4e1a\u5229\u6da66.3\u4ebf\u6b27\u5143\u3001\u6708\u6d3b\u8dc3\u7528\u6237\uff08MAUs\uff097.78\u4ebf\u3001\u4ed8\u8d39\u8ba2\u9605\u7528\u62372.99\u4ebf\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>\u672c\u5b63\u5ea6\u5728\u76c8\u5229\u4e0e\u7528\u6237\u589e\u957f\u65b9\u9762\u8868\u73b0\u5f3a\u52b2\u3002\u6708\u6d3b\u8dc3\u7528\u6237\uff08MAUs\uff09\u540c\u6bd4\u589e\u957f12%\u81f37.61\u4ebf\uff0c\u4ed8\u8d39\u8ba2\u9605\u7528\u6237\u589e\u957f9%\u81f32.93\u4ebf\uff1b\u6bdb\u5229\u7387\u8fbe\u4e00\u5b63\u5ea6\u5386\u53f2\u6700\u9ad8\u768433.0%\uff0c\u81ea\u7531\u73b0\u91d1\u6d41\u4ea6\u521b\u4e00\u5b63\u5ea6\u65b0\u9ad8\uff0c\u8fbe8.24\u4ebf\u6b27\u5143\u3002\u4ed8\u8d39\u6536\u5165\u589e\u957f10%\uff0c\u4f46\u5e7f\u544a\u652f\u6301\u4e1a\u52a1\u6536\u5165\u76f8\u5bf9\u75b2\u8f6f\u3002\u5c3d\u7ba1\u5f53\u5b63\u8868\u73b0\u4f18\u5f02\uff0c\u5e02\u573a\u7126\u70b9\u8f6c\u5411\u524d\u77bb\u6307\u5f15\u7684\u6e29\u548c\u4fe1\u53f7\uff1aQ2\u4ed8\u8d39\u7528\u6237\u6307\u5f152.99\u4ebf\u7565\u4f4e\u4e8e\u5e02\u573a\u9884\u671f\uff0c\u8425\u4e1a\u5229\u6da6\u6307\u5f156.3\u4ebf\u6b27\u5143\u4e5f\u504f\u4fdd\u5b88\u3002\u8d22\u62a5\u53d1\u5e03\u540e\u80a1\u4ef7\u5927\u8dcc12%\u201313%\uff0c\u53cd\u6620\u6295\u8d44\u8005\u62c5\u5fe7\uff1a\u8fd1\u671f\u63d0\u4ef7\u53ef\u80fd\u6291\u5236\u7528\u6237\u589e\u957f\u52a8\u80fd\uff0c\u53e0\u52a0\u8fd0\u8425\u652f\u51fa\u4e0a\u5347\uff0c\u6216\u4ee4\u8fd1\u7aef\u589e\u957f\u653e\u7f13\u3002\u540e\u7eed\u5173\u952e\u53d8\u91cf\u5305\u62ec\uff1a\uff081\uff09\u6700\u65b0\u4e00\u8f6e\u63d0\u4ef7\u540e\u4ed8\u8d39\u7528\u6237\u51c0\u589e\u662f\u5426\u53ef\u6301\u7eed\uff1b\uff082\uff09\u5e7f\u544a\u6536\u5165\u80fd\u5426\u4f01\u7a33\u56de\u5347\uff1b\uff083\uff09\u8fd0\u8425\u652f\u51fa\u7eaa\u5f8b\u662f\u5426\u4e25\u683c\uff1b\uff084\uff09\u5728\u7528\u6237\u6301\u7eed\u6269\u5f20\u7684\u540c\u65f6\uff0c\u5229\u6da6\u7387\u63d0\u5347\u8d8b\u52bf\u80fd\u5426\u5ef6\u7eed\u3002<strong>26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a400\u7f8e\u5143\u81f3500\u7f8e\u5143\u3002\u79ef\u6781\u524d\u666f\u3002<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>General Motors Company (GM)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Revenue:\u00a0<\/strong>$43.62B,\u00a0-0.9% YoY, beat estimates by $70M\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Non-GAAP\u00a0EPS<\/strong>:\u00a0$3.70,\u00a0beat estimates by\u00a0$1.08\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>FY<\/strong><strong>26 Guidance:<\/strong>\u00a0Raised FY26\u00a0adjusted\u00a0EPS guidance\u00a0to $11.50 to $13.50 from $11.00 to $13.00. GM also raised FY26 EBIT adjusted guidance to $13.5B to $15.5B, while keeping adjusted automotive free cash flow guidance at $9B to $11B.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Dividends:\u00a0<\/strong>Declared a quarterly cash dividend of $0.18 per share, payable June 18, 2026, to holders of record on June 5, 2026.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Comment:\u00a0<\/strong>The quarter was better than expected on earnings, but the quality of the beat requires some caution. Adjusted results\u00a0benefited\u00a0from a\u00a0favorable\u00a0roughly $0.5B tariff-related adjustment following the U.S. Supreme Court decision on certain IEEPA tariffs, which also reduced\u00a0GM\u2019s\u00a0expected 2026 gross tariff cost to $2.5B to $3.5B from $3.0B to $4.0B. That support is real, but it is\u00a0not the same as\u00a0a pure operating upside surprise. Underlying demand in North America still looks healthy. Management\u00a0indicated\u00a0domestic demand, particularly in trucks and SUVs,\u00a0remains\u00a0resilient, with Silverado sales up 8% and fleet sales at their highest level since 2020. At the same time, GM continues to slow EV production because EV profitability\u00a0remains\u00a0weaker than internal combustion vehicles, and the company recorded a $1.1B charge related to winding down future EV and battery supplier agreements. The main debate is whether the market rewards the higher guidance or discounts it because part of the benefit comes from lower tariff exposure rather than stronger core execution. The stock setup should therefore depend on four variables: U.S. truck and SUV demand, the pace of EV loss reduction, tariff refund timing, and whether GM can sustain margin strength without leaning too heavily on mix away from EVs.\u00a0<strong>2Q26 recommended trading range: $70 to $95. Neutral Outlook.<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u901a\u7528\u6c7d\u8f66\u516c\u53f8\uff08GM<\/strong><strong>)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u8425\u6536\uff1a<\/strong>436.2\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u4e0b\u964d0.9%\uff0c\u8d85\u51fa\u9884\u671f7000\u4e07\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>3.70\u7f8e\u5143\uff0c\u5927\u5e45\u8d85\u51fa\u9884\u671f1.08\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u5168\u5e74\u6307\u5f15\uff1a<\/strong>\u4e0a\u8c03\u8c03\u6574\u540eEPS\u81f311.50\u201313.50\u7f8e\u5143\uff08\u539f\u4e3a11.00\u201313.00\u7f8e\u5143\uff09\uff1b\u4e0a\u8c03\u8c03\u6574\u540eEBIT\u81f3135\u4ebf\u2013155\u4ebf\u7f8e\u5143\uff1b\u7ef4\u6301\u8c03\u6574\u540e\u6c7d\u8f66\u4e1a\u52a1\u81ea\u7531\u73b0\u91d1\u6d4190\u4ebf\u2013110\u4ebf\u7f8e\u5143\u4e0d\u53d8\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u80a1\u606f\uff1a<\/strong>\u5ba3\u5e03\u5b63\u5ea6\u73b0\u91d1\u80a1\u606f\u6bcf\u80a10.18\u7f8e\u5143\uff0c2026\u5e746\u670818\u65e5\u652f\u4ed8\uff0c6\u67085\u65e5\u4e3a\u80a1\u6743\u767b\u8bb0\u65e5\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>\u672c\u5b63\u5ea6\u76c8\u5229\u8868\u73b0\u4f18\u4e8e\u9884\u671f\uff0c\u4f46\u8d85\u9884\u671f\u8d28\u91cf\u9700\u8c28\u614e\u770b\u5f85\u3002\u8c03\u6574\u540e\u4e1a\u7ee9\u53d7\u76ca\u4e8e\u4e00\u9879\u7ea65\u4ebf\u7f8e\u5143\u7684\u5173\u7a0e\u76f8\u5173\u6709\u5229\u8c03\u6574\u2014\u2014\u6e90\u4e8e\u7f8e\u56fd\u6700\u9ad8\u6cd5\u9662\u5bf9\u300a\u56fd\u9645\u7d27\u6025\u7ecf\u6d4e\u6743\u529b\u6cd5\u300b\uff08IEEPA\uff09\u4e0b\u90e8\u5206\u5173\u7a0e\u7684\u88c1\u51b3\uff0c\u4f7f\u516c\u53f82026\u5e74\u9884\u8ba1\u5173\u7a0e\u6210\u672c\u4ece30\u4ebf\u201340\u4ebf\u7f8e\u5143\u4e0b\u8c03\u81f325\u4ebf\u201335\u4ebf\u7f8e\u5143\u3002\u6b64\u9879\u652f\u6301\u771f\u5b9e\u5b58\u5728\uff0c\u4f46\u5e76\u975e\u7eaf\u7cb9\u6765\u81ea\u8fd0\u8425\u6539\u5584\u3002\u5317\u7f8e\u57fa\u7840\u9700\u6c42\u4ecd\u7a33\u5065\uff1a\u7ba1\u7406\u5c42\u6307\u51fa\uff0c\u76ae\u5361\u4e0eSUV\u9700\u6c42\u5177\u97e7\u6027\uff0c\u96ea\u4f5b\u5170Silverado\u9500\u91cf\u589e\u957f8%\uff0c\u8f66\u961f\u9500\u91cf\u8fbe2020\u5e74\u4ee5\u6765\u6700\u9ad8\u6c34\u5e73\u3002\u4e0e\u6b64\u540c\u65f6\uff0c\u516c\u53f8\u7ee7\u7eed\u653e\u7f13\u7535\u52a8\u8f66\uff08EV\uff09\uff0c\u56e0EV\u76c8\u5229\u80fd\u529b\u4ecd\u663e\u8457\u5f31\u4e8e\u71c3\u6cb9\u8f66\uff0c\u5e76\u8ba1\u63d011\u4ebf\u7f8e\u5143\u8d39\u7528\uff0c\u7528\u4e8e\u7ec8\u6b62\u90e8\u5206\u672a\u6765EV\u53ca\u7535\u6c60\u4f9b\u5e94\u5546\u534f\u8bae\u3002\u5f53\u524d\u5e02\u573a\u6838\u5fc3\u5206\u6b67\u5728\u4e8e\uff1a\u662f\u5426\u5c06\u4e0a\u8c03\u6307\u5f15\u89c6\u4e3a\u57fa\u672c\u9762\u5f3a\u5316\uff0c\u8fd8\u662f\u56e0\u90e8\u5206\u5229\u597d\u6e90\u4e8e\u5173\u7a0e\u98ce\u9669\u7f13\u91ca\u800c\u975e\u5185\u751f\u6267\u884c\u63d0\u5347\u3002\u540e\u7eed\u80a1\u4ef7\u8d70\u52bf\u5c06\u53d6\u51b3\u4e8e\u56db\u5927\u53d8\u91cf\uff1a\uff081\uff09\u7f8e\u56fd\u76ae\u5361\u4e0eSUV\u9700\u6c42\u6301\u7eed\u6027\uff1b\uff082\uff09EV\u4e8f\u635f\u6536\u7a84\u901f\u5ea6\uff1b\uff083\uff09\u5173\u7a0e\u9000\u6b3e\u5b9e\u9645\u5230\u8d26\u8282\u594f\uff1b\uff084\uff09\u80fd\u5426\u5728\u4e0d\u8fc7\u5ea6\u4f9d\u8d56\u201c\u8fdc\u79bbEV\u7684\u4ea7\u54c1\u7ec4\u5408\u201d\u524d\u63d0\u4e0b\u7ef4\u6301\u5229\u6da6\u7387\u5f3a\u5ea6\u3002<strong>26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a70\u7f8e\u5143\u81f395\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f\u3002<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Robinhood Markets, Inc.\u00a0(HOOD)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Revenue:\u00a0<\/strong>$1.07B,\u00a0+15.4% YoY,\u00a0miss\u00a0estimates by $70M\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0GAAP\u00a0EPS<\/strong>:\u00a0$0.38,\u00a0miss\u00a0estimates by\u00a0$0.01\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>FY<\/strong><strong>26 Guidance:<\/strong>\u00a0No explicit guidance made.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Comment:\u00a0<\/strong>The quarter was mixed and softer than the market wanted. Total net revenue rose 15% YoY to $1.07B, but the miss was driven by weaker transaction-based revenue, especially in crypto. Cryptocurrencies revenue fell 47% YoY to $134M, while transaction-based revenue rose only 7% to $623M, marking a clear slowdown versus prior momentum. There were still constructive offsets. Net interest revenue rose 24% to $359M, other revenue rose 57% to $85M, funded customers increased 6% to 27.4M, total platform assets increased 39% to $307B, and Robinhood Gold subscribers grew 36% to 4.3M. That\u00a0indicates\u00a0the broader platform is still scaling even as trading monetization weakened. The market reaction was negative because investors focused on earnings conversion rather than user growth. Shares fell more than 8% after the release, reflecting concern that lower crypto volumes and weaker take rates in options and crypto limited profit growth despite a still healthy engagement backdrop. The principal variables to monitor are crypto revenue stabilization, take-rate recovery in options and crypto, sustained growth in net interest and subscriptions, and whether newer businesses such as advisory, banking, and event contracts can diversify earnings more meaningfully.\u00a0<strong>2Q26 recommended trading range: $60\u00a0to $100. Neutral Outlook.<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Robinhood Markets,\u00a0Inc.\uff08HOOD<\/strong><strong>)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u8425\u6536\uff1a<\/strong>10.7\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f15.4%\uff0c\u4f4e\u4e8e\u9884\u671f7000\u4e07\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>0.38\u7f8e\u5143\uff0c\u4f4e\u4e8e\u9884\u671f0.01\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u5168\u5e74\u6307\u5f15\uff1a<\/strong>\u672a\u63d0\u4f9b\u660e\u786e\u8d22\u52a1\u6307\u5f15\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>\u672c\u5b63\u5ea6\u8868\u73b0\u559c\u5fe7\u53c2\u534a\uff0c\u5f31\u4e8e\u5e02\u573a\u671f\u5f85\u3002\u603b\u51c0\u8425\u6536\u540c\u6bd4\u589e\u957f15%\u81f310.7\u4ebf\u7f8e\u5143\uff0c\u4f46\u7f3a\u53e3\u4e3b\u8981\u6765\u81ea\u4ea4\u6613\u76f8\u5173\u6536\u5165\u75b2\u8f6f\uff0c\u5c24\u5176\u662f\u52a0\u5bc6\u8d27\u5e01\u4e1a\u52a1\uff1a\u52a0\u5bc6\u6536\u5165\u540c\u6bd4\u5927\u964d47%\u81f31.34\u4ebf\u7f8e\u5143\uff0c\u6574\u4f53\u4ea4\u6613\u6536\u5165\u4ec5\u589e\u957f7%\u81f36.23\u4ebf\u7f8e\u5143\uff0c\u663e\u8457\u653e\u7f13\u4e8e\u6b64\u524d\u52bf\u5934\u3002\u4e0d\u8fc7\uff0c\u5e73\u53f0\u57fa\u672c\u9762\u4ecd\u6709\u79ef\u6781\u652f\u6491\uff1a\u51c0\u5229\u606f\u6536\u5165\u589e\u957f24%\u81f33.59\u4ebf\u7f8e\u5143\uff0c\u5176\u4ed6\u6536\u5165\u5927\u589e57%\u81f38500\u4e07\u7f8e\u5143\uff1b\u4ed8\u8d39\u7528\u6237\uff08funded customers\uff09\u589e\u81f32740\u4e07\uff08+6%\uff09\uff0c\u5e73\u53f0\u603b\u8d44\u4ea7\u8fbe3070\u4ebf\u7f8e\u5143\uff08+39%\uff09\uff0cRobinhood Gold\u8ba2\u9605\u7528\u6237\u589e\u957f36%\u81f3430\u4e07\uff0c\u663e\u793a\u7528\u6237\u57fa\u7840\u4e0e\u8d44\u4ea7\u89c4\u6a21\u4ecd\u5728\u6269\u5f20\uff0c\u5c3d\u7ba1\u53d8\u73b0\u6548\u7387\u77ed\u671f\u627f\u538b\u3002\u5e02\u573a\u53cd\u5e94\u8d1f\u9762\uff0c\u80a1\u4ef7\u76d8\u540e\u5927\u8dcc\u8d858%\uff0c\u4e3b\u56e0\u6295\u8d44\u8005\u66f4\u5173\u6ce8\u76c8\u5229\u8f6c\u5316\u80fd\u529b\u800c\u975e\u7528\u6237\u589e\u957f\u2014\u2014\u5728\u53c2\u4e0e\u5ea6\u4ecd\u5065\u5eb7\u80cc\u666f\u4e0b\uff0c\u52a0\u5bc6\u4ea4\u6613\u91cf\u4e0b\u6ed1\u53ca\u671f\u6743\u3001\u52a0\u5bc6\u8d27\u5e01\u201c\u62bd\u6210\u7387\u201d\uff08take rate\uff09\u8d70\u4f4e\u9650\u5236\u4e86\u5229\u6da6\u5f39\u6027\u3002\u540e\u7eed\u5173\u952e\u53d8\u91cf\u5305\u62ec\uff1a\uff081\uff09\u52a0\u5bc6\u6536\u5165\u80fd\u5426\u4f01\u7a33\uff1b\uff082\uff09\u671f\u6743\u4e0e\u52a0\u5bc6\u62bd\u6210\u7387\u662f\u5426\u56de\u5347\uff1b\uff083\uff09\u51c0\u5229\u606f\u4e0e\u8ba2\u9605\u6536\u5165\u80fd\u5426\u6301\u7eed\u589e\u957f\uff1b\uff084\uff09\u65b0\u5174\u4e1a\u52a1\uff08\u5982\u8d22\u5bcc\u987e\u95ee\u3001\u94f6\u884c\u670d\u52a1\u3001\u4e8b\u4ef6\u5408\u7ea6\uff09\u80fd\u5426\u5b9e\u8d28\u6027\u591a\u5143\u5316\u76c8\u5229\u6765\u6e90\u3002<strong>26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a60\u7f8e\u5143\u81f3100\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f\u3002<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Bloom Energy Corporation (BE)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Revenue:\u00a0<\/strong>$751.1M,\u00a0+130.4% YoY, beat estimates by $211.08M\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Non-GAAP\u00a0EPS<\/strong>:\u00a0$0.44,\u00a0beat estimates by\u00a0$0.31\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>FY<\/strong><strong>26 Guidance:<\/strong>\u00a0Raised FY26 revenue guidance to $3.4B\u00a0to $3.8B\u00a0from $3.1B\u00a0to $3.3B, and\u00a0raised\u00a0FY26\u00a0adjusted\u00a0EPS guidance to $1.85 to $2.25\u00a0from $1.33\u00a0to $1.48.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Comment:\u00a0<\/strong>This was\u00a0a very strong\u00a0quarter. Product revenue rose to $653.3M, non-GAAP gross margin improved to 31.5%, non-GAAP operating income reached $129.7M, and operating cash flow turned positive at $73.6M. The print supports the view that Bloom is converting AI and data-center-related power demand into real earnings and cash generation rather than only backlog optimism.\u00a0\u00a0The key positive is\u00a0demand\u00a0quality. Bloom highlighted expanding digital power demand and a larger Oracle-related AI data-center\u00a0opportunity, which strengthens the company\u2019s positioning as an on-site power provider where grid constraints are becoming more acute. The sharp full-year guidance raise also implies management sees this demand as durable beyond one quarter. The main issue is expectations. The stock has already had\u00a0a very large\u00a0run, and even with a beat-and-raise quarter, post-earnings trading was\u00a0somewhat mixed\u00a0across reports. The principal variables to monitor are project conversion timing, margin durability as mix evolves, and whether AI-driven demand broadens across more customers beyond the current flagship wins.\u00a0<strong>2Q26 recommended trading range: $230 to $380.\u00a0Positive\u00a0Outlook.<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Bloom Energy\u00a0Corporation\uff08BE<\/strong><strong>)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u8425\u6536\uff1a<\/strong>7.511\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f130.4%\uff0c\u5927\u5e45\u8d85\u51fa\u9884\u671f2.1108\u4ebf\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>0.44\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f0.31\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u5168\u5e74\u6307\u5f15\uff1a<\/strong>\u4e0a\u8c03\u5168\u5e74\u8425\u6536\u6307\u5f15\u81f334\u4ebf\u201338\u4ebf\u7f8e\u5143\uff08\u539f\u4e3a31\u4ebf\u201333\u4ebf\u7f8e\u5143\uff09\uff1b\u4e0a\u8c03\u8c03\u6574\u540eEPS\u6307\u5f15\u81f31.85\u20132.25\u7f8e\u5143\uff08\u539f\u4e3a1.33\u20131.48\u7f8e\u5143\uff09\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>\u672c\u5b63\u5ea6\u8868\u73b0\u6781\u4e3a\u5f3a\u52b2\u3002\u4ea7\u54c1\u6536\u5165\u8fbe6.533\u4ebf\u7f8e\u5143\uff0c\u975eGAAP\u6bdb\u5229\u7387\u63d0\u5347\u81f331.5%\uff0c\u975eGAAP\u8425\u4e1a\u5229\u6da6\u8fbe1.297\u4ebf\u7f8e\u5143\uff0c\u7ecf\u8425\u6d3b\u52a8\u73b0\u91d1\u6d41\u8f6c\u6b63\u81f37360\u4e07\u7f8e\u5143\uff0c\u5370\u8bc1\u516c\u53f8\u6b63\u5c06AI\u4e0e\u6570\u636e\u4e2d\u5fc3\u7535\u529b\u9700\u6c42\u5207\u5b9e\u8f6c\u5316\u4e3a\u76c8\u5229\u4e0e\u73b0\u91d1\uff0c\u800c\u975e\u4ec5\u4f9d\u8d56\u8ba2\u5355\u79ef\u538b\u9884\u671f\u3002\u6838\u5fc3\u4eae\u70b9\u5728\u4e8e\u9700\u6c42\u8d28\u91cf\u63d0\u5347\uff1aBloom\u5f3a\u8c03\u6570\u5b57\u7535\u529b\u9700\u6c42\u6301\u7eed\u6269\u5f20\uff0c\u5e76\u6307\u51fa\u4e0e\u7532\u9aa8\u6587\uff08Oracle\uff09\u76f8\u5173\u7684AI\u6570\u636e\u4e2d\u5fc3\u9879\u76ee\u673a\u4f1a\u663e\u8457\u6269\u5927\uff0c\u5f3a\u5316\u5176\u4f5c\u4e3a\u7535\u7f51\u53d7\u9650\u533a\u57df\u73b0\u573a\u4f9b\u7535\u89e3\u51b3\u65b9\u6848\u63d0\u4f9b\u5546\u7684\u6218\u7565\u5b9a\u4f4d\u3002\u5168\u5e74\u6307\u5f15\u5927\u5e45\u4e0a\u8c03\uff0c\u8868\u660e\u7ba1\u7406\u5c42\u8ba4\u4e3a\u5f53\u524d\u9700\u6c42\u5177\u5907\u6301\u7eed\u6027\uff0c\u975e\u5355\u5b63\u8109\u51b2\u3002\u4e3b\u8981\u6311\u6218\u5728\u4e8e\u5e02\u573a\u9884\u671f\u5df2\u9ad8\uff1a\u5c3d\u7ba1\u4ea4\u51fa\u201c\u8d85\u9884\u671f+\u4e0a\u8c03\u6307\u5f15\u201d\u7684\u4f18\u5f02\u6210\u7ee9\uff0c\u4f46\u56e0\u80a1\u4ef7\u6b64\u524d\u5df2\u5927\u5e45\u4e0a\u6da8\uff0c\u8d22\u62a5\u540e\u4ea4\u6613\u53cd\u5e94\u504f\u5206\u5316\u3002\u540e\u7eed\u5173\u952e\u53d8\u91cf\u5305\u62ec\uff1a\uff081\uff09\u91cd\u5927\u9879\u76ee\u6536\u5165\u786e\u8ba4\u65f6\u70b9\uff1b\uff082\uff09\u4ea7\u54c1\u7ec4\u5408\u6f14\u53d8\u4e0b\u7684\u5229\u6da6\u7387\u53ef\u6301\u7eed\u6027\uff1b\uff083\uff09AI\u9a71\u52a8\u9700\u6c42\u80fd\u5426\u4ece\u5f53\u524d\u6807\u5fd7\u6027\u5ba2\u6237\u6269\u5c55\u81f3\u66f4\u5e7f\u6cdb\u5ba2\u6237\u7fa4\u3002<strong>26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a230\u7f8e\u5143\u81f3380\u7f8e\u5143\u3002\u79ef\u6781\u524d\u666f\u3002<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Seagate Technology Holdings plc (STX)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>3Q26\u00a0Revenue:\u00a0<\/strong>$3.11B,\u00a0+44.0% YoY, beat estimates by $150M\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>3Q26\u00a0Non-GAAP\u00a0EPS<\/strong>:\u00a0$4.10,\u00a0beat estimates by\u00a0$0.60\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>4Q<\/strong><strong>26 Guidance:<\/strong>\u00a04Q26 revenue guided to $3.45B \u00b1 $0.10B and\u00a0non GAAP\u00a0diluted EPS to $5.00 \u00b1 $0.20, both well above prior market expectations.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Dividends\/Share Buybacks:\u00a0<\/strong>Seagate returned $191M to shareholders through dividends and share repurchases in 3Q26 and retired $641M of debt.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Comment:\u00a0<\/strong>This was\u00a0a very strong\u00a0quarter. Revenue, EPS, gross margin, and free cash flow all came in well ahead, with non-GAAP gross margin reaching 47.0% and free cash flow reaching $953M. The print reinforces that Seagate is benefiting directly from a structural recovery in nearline HDD demand tied to AI and cloud data storage.\u00a0The key positive is\u00a0demand\u00a0visibility. Management indicated nearline capacity is\u00a0almost fully\u00a0allocated\u00a0through calendar 2027, while data\u00a0center\u00a0represented 88% of exabyte shipments and 80% of revenue. That suggests the current upcycle is being supported by real capacity tightness and stronger enterprise demand, not only short-term restocking. The market reaction was decisively positive, with shares rising about 13% to 16% in after-hours trading following the report. The main variables to monitor are whether AI-driven storage demand\u00a0remains\u00a0this strong into the second half, whether allocation tightness supports pricing discipline, and whether the stock\u2019s sharp rerating begins to limit near term upside.\u00a0<strong>2Q26 recommended trading range: $570 to $800.\u00a0Positive\u00a0Outlook.<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Seagate Technology Holdings\u00a0plc\uff08STX<\/strong><strong>)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u8425\u6536\uff1a<\/strong>31.1\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f44.0%\uff0c\u8d85\u51fa\u9884\u671f1.5\u4ebf\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>4.10\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f0.60\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u6307\u5f15\uff1a<\/strong>\u8425\u653634.5\u4ebf\u7f8e\u5143\uff08\u00b11\u4ebf\u7f8e\u5143\uff09\uff0c\u975eGAAP\u7a00\u91ca\u6bcf\u80a1\u6536\u76ca5.00\u7f8e\u5143\uff08\u00b10.20\u7f8e\u5143\uff09\uff0c\u5747\u663e\u8457\u9ad8\u4e8e\u5e02\u573a\u6b64\u524d\u9884\u671f\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u80a1\u606f\u4e0e\u8d44\u672c\u8fd4\u8fd8\uff1a<\/strong>\u7b2c\u4e09\u5b63\u5ea6\u901a\u8fc7\u80a1\u606f\u4e0e\u56de\u8d2d\u5411\u80a1\u4e1c\u8fd4\u8fd81.91\u4ebf\u7f8e\u5143\uff0c\u5e76\u507f\u8fd86.41\u4ebf\u7f8e\u5143\u503a\u52a1\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>\u672c\u5b63\u5ea6\u8868\u73b0\u6781\u4e3a\u5f3a\u52b2\u3002\u8425\u6536\u3001EPS\u3001\u6bdb\u5229\u7387\u4e0e\u81ea\u7531\u73b0\u91d1\u6d41\u5168\u9762\u5927\u5e45\u8d85\u9884\u671f\u2014\u2014\u975eGAAP\u6bdb\u5229\u7387\u8fbe47.0%\uff0c\u81ea\u7531\u73b0\u91d1\u6d41\u9ad8\u8fbe9.53\u4ebf\u7f8e\u5143\uff0c\u5370\u8bc1\u516c\u53f8\u6b63\u76f4\u63a5\u53d7\u76ca\u4e8e\u7531AI\u4e0e\u4e91\u5b58\u50a8\u9a71\u52a8\u7684\u8fd1\u7ebf\u786c\u76d8\uff08nearline HDD\uff09\u3002\u6838\u5fc3\u4eae\u70b9\u5728\u4e8e\u9700\u6c42\u80fd\u89c1\u5ea6\u6781\u9ad8\uff1a\u7ba1\u7406\u5c42\u6307\u51fa\uff0c\u8fd1\u7ebf\u786c\u76d8\u4ea7\u80fd\u5df2\u51e0\u4e4e\u5168\u90e8\u5206\u914d\u81f32027\u5e74\u5e95\uff1b\u6570\u636e\u4e2d\u5fc3\u4e1a\u52a1\u5360\u51fa\u8d27\u91cf\uff08\u6309EB\u8ba1\uff09\u768488%\u3001\u8425\u6536\u768480%\uff0c\u663e\u793a\u5f53\u524d\u4e0a\u884c\u5468\u671f\u7531\u771f\u5b9e\u7684\u4ea7\u80fd\u7d27\u5f20\u4e0e\u4f01\u4e1a\u7ea7\u9700\u6c42\u652f\u6491\uff0c\u800c\u975e\u77ed\u671f\u8865\u5e93\u5b58\u884c\u4e3a\u3002\u8d22\u62a5\u53d1\u5e03\u540e\u80a1\u4ef7\u76d8\u540e\u5927\u6da813%\u201316%\uff0c\u53cd\u6620\u5e02\u573a\u5bf9\u7ed3\u6784\u6027\u590d\u82cf\u903b\u8f91\u7684\u9ad8\u5ea6\u8ba4\u53ef\u3002\u540e\u7eed\u5173\u952e\u53d8\u91cf\u5305\u62ec\uff1a\uff081\uff09AI\u9a71\u52a8\u7684\u5b58\u50a8\u9700\u6c42\u80fd\u5426\u57282026\u5e74\u4e0b\u534a\u5e74\u7ef4\u6301\u5f3a\u52bf\uff1b\uff082\uff09\u4ea7\u80fd\u5206\u914d\u7d27\u5f20\u662f\u5426\u652f\u6491\u6301\u7eed\u7684\u5b9a\u4ef7\u7eaa\u5f8b\uff1b\uff083\uff09\u80a1\u4ef7\u5df2\u5927\u5e45\u91cd\u4f30\u540e\uff0c\u662f\u5426\u9650\u5236\u77ed\u671f\u8fdb\u4e00\u6b65\u4e0a\u884c\u7a7a\u95f4\u3002<strong>26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a570\u7f8e\u5143\u81f3800\u7f8e\u5143\u3002\u79ef\u6781\u524d\u666f\u3002<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Teradyne Inc. (TER)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Revenue:\u00a0<\/strong>$1.28B,\u00a0+86.6% YoY, beat estimates by $70M\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Non-GAAP\u00a0EPS<\/strong>:\u00a0$2.56,\u00a0beat estimates by\u00a0$0.45\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>2Q<\/strong><strong>26 Guidance:<\/strong>\u00a0Expect\u00a0revenue of $1.15B\u00a0to $1.25B, with GAAP net income of $1.83 to $2.12 per diluted share and non-GAAP net income of $1.86 to $2.15 per diluted share.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Comment:\u00a0<\/strong>Teradyne delivered a record first quarter, with revenue up 87% year on year to US$1.282bn\u00a0and non-GAAP EPS of US$2.56, both above the high end of guidance, driven by strong AI-related demand across compute and memory testing. Semiconductor Test\u00a0remained\u00a0the core driver, contributing US$1.111bn\u00a0of revenue, while Product Test and Robotics also posted strong\u00a0YoY\u00a0growth. Management highlighted that around 70% of revenue is now tied to AI-related demand, reflecting the strength of its wafer-to-AI-data-center\u00a0strategy. Looking ahead, Teradyne guided second-quarter revenue of US$1.15bn\u00a0to US$1.25bn\u00a0and non-GAAP EPS of US$1.86 to US$2.15, suggesting demand\u00a0remains\u00a0elevated even after a record quarter. The company appears well positioned as AI chips become more complex and require more advanced testing, though its high AI exposure also means results could become more sensitive to any slowdown in AI infrastructure spending.\u00a0<strong>2Q26 recommended trading range: $330\u00a0to $390. Neutral Outlook.<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u7279\u745e\u8fbe\u516c\u53f8 (TER<\/strong><strong>)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0<\/strong><strong>\u8425\u6536\uff1a<\/strong>12.8\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f86.6%\uff0c\u8d85\u51fa\u9884\u671f7000\u4e07\u7f8e\u5143\u3002\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Non-GAAP\u00a0<\/strong><strong>\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>2.56\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f0.45\u7f8e\u5143\u3002\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>2Q26\u00a0<\/strong><strong>\u6307\u5f15\uff1a<\/strong>\u9884\u8ba1\u8425\u6536\u4e3a11.5\u4ebf\u81f312.5\u4ebf\u7f8e\u5143\uff1bGAAP\u00a0\u7a00\u91ca\u540e\u51c0\u5229\u6da6\u6bcf\u80a11.83\u81f32.12\u7f8e\u5143\uff1bNon-GAAP\u00a0\u7a00\u91ca\u540e\u51c0\u5229\u6da6\u6bcf\u80a11.86\u81f32.15\u7f8e\u5143\u3002\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>\u7279\u745e\u8fbe\u5b9e\u73b0\u521b\u7eaa\u5f55\u7684\u7b2c\u4e00\u5b63\u5ea6\uff0c\u8425\u6536\u540c\u6bd4\u589e\u957f87%\u81f312.82\u4ebf\u7f8e\u5143\uff0cNon-GAAP\u00a0\u6bcf\u80a1\u6536\u76ca\u4e3a2.56\u7f8e\u5143\uff1b\u4e8c\u8005\u5747\u9ad8\u4e8e\u6307\u5f15\u533a\u95f4\u4e0a\u6cbf\u3002\u4e3b\u8981\u7531\u8ba1\u7b97\u4e0e\u5185\u5b58\u6d4b\u8bd5\u9886\u57df\u7684\u5f3a\u52b2AI\u76f8\u5173\u9700\u6c42\u63a8\u52a8\u3002\u534a\u5bfc\u4f53\u6d4b\u8bd5\u4ecd\u662f\u6838\u5fc3\u9a71\u52a8\uff0c\u8d21\u732e\u8425\u653611.11\u4ebf\u7f8e\u5143\uff1b\u4ea7\u54c1\u6d4b\u8bd5\u548c\u673a\u5668\u4eba\u4e1a\u52a1\u4e5f\u5b9e\u73b0\u5f3a\u52b2\u540c\u6bd4\u589e\u957f\u3002\u7ba1\u7406\u5c42\u6307\u51fa\uff0c\u76ee\u524d\u7ea670%\u7684\u8425\u6536\u5df2\u4e0eAI\u76f8\u5173\u9700\u6c42\u7ed1\u5b9a\uff0c\u53cd\u6620\u5176\u201c\u6676\u5706\u5230AI\u6570\u636e\u4e2d\u5fc3\u201d\u7684\u6218\u7565\u5b9e\u529b\u3002\u5c55\u671b\u672a\u6765\uff0c\u516c\u53f8\u7ed9\u51fa\u7b2c\u4e8c\u5b63\u5ea6\u8425\u6536\u6307\u5f1511.5\u4ebf\u81f312.5\u4ebf\u7f8e\u5143\u3001Non-GAAP\u00a0\u6bcf\u80a1\u6536\u76ca1.86\u81f32.15\u7f8e\u5143\uff0c\u8bf4\u660e\u5373\u4f7f\u5728\u521b\u7eaa\u5f55\u5b63\u5ea6\u4e4b\u540e\u9700\u6c42\u4ecd\u7ef4\u6301\u9ad8\u4f4d\u3002\u968f\u7740AI\u82af\u7247\u53d8\u5f97\u66f4\u590d\u6742\u3001\u6d4b\u8bd5\u9700\u6c42\u66f4\u5148\u8fdb\uff0c\u516c\u53f8\u5904\u5883\u770b\u8d77\u6765\u8f83\u4e3a\u6709\u5229\uff1b\u4f46\u5176AI\u655e\u53e3\u4e5f\u610f\u5473\u7740\uff0c\u5982\u679cAI\u57fa\u7840\u8bbe\u65bd\u652f\u51fa\u653e\u7f13\uff0c\u4e1a\u7ee9\u53ef\u80fd\u4f1a\u5bf9\u53d8\u5316\u66f4\u654f\u611f\u3002<strong>2Q26\u00a0<\/strong><strong>\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a<\/strong><strong>330<\/strong><strong>\u7f8e\u5143\u81f3<\/strong><strong>390<\/strong><strong>\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f<\/strong><strong>\u3002<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Visa Inc. (V)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>2Q26\u00a0Revenue:\u00a0<\/strong>$11.23B,\u00a0+17.0% YoY, beat estimates by $480M\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>2Q26\u00a0Non-GAAP\u00a0EPS<\/strong>:\u00a0$3.31,\u00a0beat estimates by\u00a0$0.21\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>FY<\/strong><strong>26 Guidance:<\/strong>\u00a0Raised\u00a0its full-year 2026 earnings per share guidance to low-teens, from an earlier forecast of low-double-digit growth.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Share Buybacks:\u00a0<\/strong>Board of directors authorised a new US$20B\u00a0multi-year share repurchase programme.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Comment:\u00a0<\/strong>Visa delivered a strong second quarter, with adjusted net income rising to US$6.3bn, or US$3.31 per share, ahead of expectations, as resilient consumer spending drove a 9% increase in payments volume. Data processing revenue rose 18% to US$5.54bn, while cross-border volume grew 12% on a constant-currency basis, supported by travel and global commerce despite disruption from Middle East tensions. Management also raised full-year 2026 earnings growth guidance to the low-teens and authorized a new US$20bn\u00a0share repurchase program. Looking ahead, Visa\u00a0remains\u00a0well positioned given its transaction-based model, global network scale, stablecoin settlement expansion, and upcoming Olympics and World Cup sponsorship opportunities, though cross-border growth and travel spending could face some pressure if geopolitical disruption worsens.\u00a0<strong>3Q26 recommended trading range: $310\u00a0to $340.\u00a0Positive\u00a0Outlook.<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u4e07\u4e8b\u8fbe\u516c\u53f8 (V<\/strong><strong>)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>2Q26\u00a0<\/strong><strong>\u8425\u6536\uff1a<\/strong>112.3\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f17.0%\uff0c\u8d85\u51fa\u9884\u671f4.8\u4ebf\u7f8e\u5143\u3002\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>2Q26\u00a0Non-GAAP\u00a0<\/strong><strong>\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>3.31\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f0.21\u7f8e\u5143\u3002\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26<\/strong><strong>\u8d22\u5e74\u6307\u5f15\uff1a<\/strong>\u4e0a\u8c03\u5168\u5e742026\u5e74\u76c8\u5229\uff08\u6bcf\u80a1\u6536\u76ca\uff09\u6307\u5f15\u81f3\u201c\u4f4e\u4e24\u4f4d\u6570\u201d\uff0c\u4ece\u5148\u524d\u9884\u8ba1\u7684\u201c\u4f4e\u4e24\u4f4d\u6570\u504f\u4f4e\uff08\u4e24\u4f4d\u6570\u4e2d\u4e2a\u4f4d\u6570\u8f83\u4f4e\uff09\u201d\u589e\u901f\u9884\u6d4b\u4e0a\u8c03\u3002\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u80a1\u7968\u56de\u8d2d\uff1a<\/strong>\u8463\u4e8b\u4f1a\u6388\u6743\u4e00\u9879\u65b0\u7684200\u4ebf\u7f8e\u5143\uff0820B\uff09\u591a\u5e74\u5ea6\u80a1\u7968\u56de\u8d2d\u8ba1\u5212\u3002\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>Visa\u7b2c\u4e8c\u5b63\u5ea6\u8868\u73b0\u5f3a\u52b2\uff0c\u8c03\u6574\u540e\u51c0\u5229\u6da6\u589e\u81f363\u4ebf\u7f8e\u5143\uff0c\u6298\u5408\u6bcf\u80a13.31\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f\uff1b\u5728\u6d88\u8d39\u8005\u652f\u51fa\u97e7\u6027\u652f\u6491\u4e0b\uff0c\u652f\u4ed8\u91cf\uff08payments volume\uff09\u589e\u957f9%\u3002\u6570\u636e\u5904\u7406\u6536\u5165\u589e\u957f18%\u81f355.4\u4ebf\u7f8e\u5143\uff1b\u4ee5\u6052\u5b9a\u8d27\u5e01\u8ba1\uff0c\u8de8\u5883\u4ea4\u6613\u91cf\u589e\u957f12%\uff0c\u5c3d\u7ba1\u4e2d\u4e1c\u7d27\u5f20\u5c40\u52bf\u5e26\u6765\u6270\u52a8\uff0c\u4f46\u65c5\u884c\u4e0e\u5168\u7403\u5546\u4e1a\u4ecd\u63d0\u4f9b\u652f\u6491\u3002\u7ba1\u7406\u5c42\u4e5f\u4e0a\u8c03\u5168\u5e742026\u5e74\u76c8\u5229\u589e\u957f\u6307\u5f15\u81f3\u201c\u4f4e\u4e24\u4f4d\u6570\u201d\uff0c\u5e76\u6279\u51c6\u65b0\u7684200\u4ebf\u7f8e\u5143\u80a1\u7968\u56de\u8d2d\u8ba1\u5212\u3002\u5c55\u671b\u672a\u6765\uff0c\u9274\u4e8e\u5176\u57fa\u4e8e\u4ea4\u6613\uff08transaction-based\uff09\u7684\u5546\u4e1a\u6a21\u5f0f\u3001\u5168\u7403\u7f51\u7edc\u89c4\u6a21\u3001\u7a33\u5b9a\u5e01\u7ed3\u7b97\u6269\u5f20\uff0c\u4ee5\u53ca\u5373\u5c06\u5230\u6765\u7684\u5965\u8fd0\u4f1a\u548c\u4e16\u754c\u676f\u8d5e\u52a9\u673a\u4f1a\uff0cVisa\u6574\u4f53\u914d\u7f6e\u4ecd\u7136\u8f83\u597d\uff1b\u4f46\u5982\u679c\u5730\u7f18\u653f\u6cbb\u6270\u52a8\u52a0\u5267\uff0c\u8de8\u5883\u589e\u957f\u548c\u65c5\u884c\u652f\u51fa\u53ef\u80fd\u4f1a\u627f\u538b\u3002<strong>3Q26\u00a0<\/strong><strong>\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a<\/strong><strong>310<\/strong><strong>\u7f8e\u5143\u81f3<\/strong><strong>340<\/strong><strong>\u7f8e\u5143\u3002\u79ef\u6781\u524d\u666f<\/strong><strong>\u3002<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>NXP Semiconductors NV. (NXPI)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Revenue:\u00a0<\/strong>$3.18B,\u00a0+12.0% YoY, beat estimates by $20M\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Non-GAAP\u00a0EPS<\/strong>:\u00a0$3.05,\u00a0beat estimates by\u00a0$0.08\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>2Q<\/strong><strong>26 Guidance:<\/strong>\u00a0Expect\u00a0revenue between $3.35B\u00a0and $3.55B, compared with estimates of $3.27B and\u00a0quarterly adjusted profit per share of between $3.29 and $3.72, above estimates of $3.17 per share.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Comment:\u00a0<\/strong>NXP Semiconductors reported a stronger-than-expected first quarter, with revenue of US$3.18bn\u00a0and adjusted earnings of US$3.05 per share, both ahead of expectations, supported by broad-based improvement across its automotive, industrial, mobile, and communications businesses. Its key automotive segment grew 6%\u00a0YoY\u00a0to US$1.78bn, reflecting improving demand as customers work through excess inventory. Management guided second-quarter revenue to US$3.35bn\u00a0to US$3.55bn\u00a0and adjusted earnings to US$3.29 to US$3.72 per share, both above\u00a0consensus,\u00a0signalling\u00a0confidence that the recovery is accelerating through 2026. Looking ahead, NXP appears well positioned to\u00a0benefit\u00a0from a cyclical rebound in automotive and industrial semiconductors, especially given its exposure to vehicle electrification,\u00a0connectivity\u00a0and industrial Internet of Things, although sustained upside will depend on whether end-market recovery continues without renewed inventory build-up.\u00a0<strong>2Q26 recommended trading range: $240\u00a0to $280.\u00a0Positive\u00a0Outlook.<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>NXP\u534a\u5bfc\u4f53\u516c\u53f8\u00a0(NXPI<\/strong><strong>)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0<\/strong><strong>\u8425\u6536\uff1a<\/strong>31.8\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f12.0%\uff0c\u8d85\u51fa\u9884\u671f2000\u4e07\u7f8e\u5143\u3002\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Non-GAAP\u00a0<\/strong><strong>\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>3.05\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f0.08\u7f8e\u5143\u3002\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>2Q26\u00a0<\/strong><strong>\u6307\u5f15\uff1a<\/strong>\u9884\u8ba1\u8425\u6536\u572833.5\u4ebf\u81f335.5\u4ebf\u7f8e\u5143\u4e4b\u95f4\uff1b\u800c\u5e02\u573a\u9884\u671f\u4e3a32.7\u4ebf\u7f8e\u5143\uff1b\u5b63\u5ea6\u8c03\u6574\u540e\u6bcf\u80a1\u5229\u6da6\u9884\u8ba1\u57283.29\u81f33.72\u7f8e\u5143\u4e4b\u95f4\uff0c\u9ad8\u4e8e\u9884\u671f\u76843.17\u7f8e\u5143\/\u80a1\u3002\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>NXP\u534a\u5bfc\u4f53\u516c\u5e03\u7684\u7b2c\u4e00\u5b63\u5ea6\u8868\u73b0\u597d\u4e8e\u9884\u671f\uff1a\u8425\u653631.8\u4ebf\u7f8e\u5143\uff0c\u8c03\u6574\u540e\u6bcf\u80a1\u6536\u76ca3.05\u7f8e\u5143\uff0c\u4e24\u9879\u5747\u9ad8\u4e8e\u9884\u671f\u3002\u4e3b\u8981\u5f97\u76ca\u4e8e\u5176\u6c7d\u8f66\u3001\u5de5\u4e1a\u3001\u79fb\u52a8\u4ee5\u53ca\u901a\u4fe1\u4e1a\u52a1\u7684\u5168\u9762\u6539\u5584\u3002\u5176\u5173\u952e\u6c7d\u8f66\u4e1a\u52a1\u5b9e\u73b06%\u540c\u6bd4\u589e\u957f\u81f317.8\u4ebf\u7f8e\u5143\uff0c\u53cd\u6620\u5ba2\u6237\u5728\u6d88\u5316\u8fc7\u91cf\u5e93\u5b58\u7684\u8fc7\u7a0b\u4e2d\uff0c\u9700\u6c42\u6b63\u5728\u6539\u5584\u3002\u7ba1\u7406\u5c42\u9884\u8ba1\u7b2c\u4e8c\u5b63\u5ea6\u8425\u6536\u4e3a33.5\u4ebf\u81f335.5\u4ebf\u7f8e\u5143\uff0c\u8c03\u6574\u540e\u6bcf\u80a1\u6536\u76ca\u4e3a3.29\u81f33.72\u7f8e\u5143\uff1b\u5747\u9ad8\u4e8e\u4e00\u81f4\u9884\u671f\uff0c\u8868\u660e\u516c\u53f8\u5bf92026\u5e74\u671f\u95f4\u7684\u590d\u82cf\u6b63\u5728\u52a0\u901f\u5177\u6709\u4fe1\u5fc3\u3002\u5c55\u671b\u672a\u6765\uff0cNXP\u770b\u8d77\u6765\u6709\u671b\u53d7\u76ca\u4e8e\u6c7d\u8f66\u4e0e\u5de5\u4e1a\u534a\u5bfc\u4f53\u7684\u5468\u671f\u6027\u53cd\u5f39\uff0c\u5c24\u5176\u8003\u8651\u5230\u5176\u5728\u6c7d\u8f66\u7535\u52a8\u5316\u3001\u4e92\u8054\u4e92\u901a\u4ee5\u53ca\u5de5\u4e1a\u7269\u8054\u7f51\u65b9\u9762\u7684\u5e03\u5c40\uff1b\u4e0d\u8fc7\u6301\u7eed\u4e0a\u884c\u4ecd\u53d6\u51b3\u4e8e\u7ec8\u7aef\u5e02\u573a\u590d\u82cf\u80fd\u5426\u6301\u7eed\u63a8\u8fdb\uff0c\u4e14\u5728\u6ca1\u6709\u518d\u6b21\u5f62\u6210\u5e93\u5b58\u5806\u79ef\u7684\u524d\u63d0\u4e0b\u5c55\u5f00\u3002<strong>2Q26\u00a0<\/strong><strong>\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a<\/strong><strong>240<\/strong><strong>\u7f8e\u5143\u81f3<\/strong><strong>280<\/strong><strong>\u7f8e\u5143\u3002\u79ef\u6781\u524d\u666f<\/strong><strong>\u3002<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<div 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(168\u00a0HK) \u00a0 Yihai\u00a0International Holding Ltd.\u00a0(1579\u00a0HK)\u00a0\u00a0 ^ Back To Top United Parcel Service, Inc.\u00a0(UPS)\u00a0 \u8054\u5408\u5305\u88f9\u670d\u52a1\u516c\u53f8\uff08UPS)\u00a0 The Coca-Cola Company (KO)\u00a0 \u53ef\u53e3\u53ef\u4e50\u516c\u53f8\uff08KO)\u00a0 Corning Incorporated (GLW)\u00a0 \u5eb7\u5b81\u516c\u53f8\uff08GLW)\u00a0 Spotify [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[30],"tags":[],"class_list":["post-88328","post","type-post","status-publish","format-standard","hentry","category-technical-analysis"],"aioseo_notices":[],"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false},"uagb_author_info":{"display_name":"admin","author_link":"https:\/\/www.kgieworld.sg\/researchstg\/author\/admin\/"},"uagb_comment_info":0,"uagb_excerpt":"United States | Singapore | Hong Kong | Earnings CVS Health Corporation\u00a0(CVS\u00a0US) Zumiez\u00a0Inc.\u00a0(ZUMZ\u00a0US)\u00a0 ^ Back To Top Golden Agri-Resources Ltd.\u00a0(GGR\u00a0SP)\u00a0 MoneyMax\u00a0Financial Services Ltd.\u00a0(MMFS\u00a0SP)\u00a0 ^ Back To Top Tsingtao Brewery Co., Ltd. (168\u00a0HK) \u00a0 Yihai\u00a0International Holding Ltd.\u00a0(1579\u00a0HK)\u00a0\u00a0 ^ Back To Top United Parcel Service, Inc.\u00a0(UPS)\u00a0 \u8054\u5408\u5305\u88f9\u670d\u52a1\u516c\u53f8\uff08UPS)\u00a0 The Coca-Cola Company (KO)\u00a0 \u53ef\u53e3\u53ef\u4e50\u516c\u53f8\uff08KO)\u00a0 Corning Incorporated (GLW)\u00a0 \u5eb7\u5b81\u516c\u53f8\uff08GLW)\u00a0 Spotify&hellip;","_links":{"self":[{"href":"https:\/\/www.kgieworld.sg\/researchstg\/wp-json\/wp\/v2\/posts\/88328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kgieworld.sg\/researchstg\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kgieworld.sg\/researchstg\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/researchstg\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/researchstg\/wp-json\/wp\/v2\/comments?post=88328"}],"version-history":[{"count":0,"href":"https:\/\/www.kgieworld.sg\/researchstg\/wp-json\/wp\/v2\/posts\/88328\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.kgieworld.sg\/researchstg\/wp-json\/wp\/v2\/media?parent=88328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/researchstg\/wp-json\/wp\/v2\/categories?post=88328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/researchstg\/wp-json\/wp\/v2\/tags?post=88328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}