Charged Alpha Stock Encyclopedia

Newmont Corporation (NEM) Q3 2026 — Reference $110.39 is the completed October 26 close after the October 22 earnings release. Exact release session is unconfirmed; no causal daily-price reaction is asserted.
Newmont earned more while producing less gold. Higher metal prices supported profits, but rising co-product costs, development spending and the expected NGM payment limit how much cash is truly spare. We test the sustainable earnings behind the valuation.
THE CALL: HOLD (3/5, MODERATE) — Analyst fair-value anchor ~$103 vs ~$110.39 at the October 26, 2026 close.
KEY METRICS:
- Q3 sales $6.363B, up 15.2%; attributable GAAP income $2.475B and adjusted income $2.309B.
- GAAP diluted EPS $2.35; adjusted EPS $2.20. Retrieved consensus adjusted EPS $1.96.
- Attributable gold output 1.302Moz, down 8.4%; realized gold $4,317/oz, up 22.0%.
- Byproduct AISC $1,454/oz; co-product AISC $1,963/oz, up 25.4% year over year.
- Q3 OCF $2.768B less cash PP&E $856M yields FCF $1.912B; net cash including leases $3.243B before expected $1.95B NGM payment.
- Analyst fair value $103; method band $94–$112; bear/base/bull $66/$103/$165, weighted $109.25. HOLD 3/5, High uncertainty.
What to watch: Review near $77.25 with the thesis intact. Reassess Q4 production against 1.365Moz ±5%, byproduct AISC against $1,900/oz ±5%, and cash after investment and the NGM payment.
Full research packet: https://chargedalpha.com/research/nem-q3-2026
Also on YouTube: @ChargedAlpha
DISCLAIMER: For informational and educational purposes only. Not financial advice. Do your own research before any investment decision.

SLB N.V. (SLB Limited) (SLB) Q3 2026 — Reference close $53.08 on October 26. October 22 to October 23 rose 7.08%; the broad daily window does not isolate earnings causality. Release time remains unconfirmed.
SLB reported six percent revenue growth, but acquisition timing explains most of the increase. Organic progress is closer to two percent. The business generates cash, yet distributions exceed issuer free cash flow while the pending Kelvion deal creates another funding claim. We test how much of the recovery can reach the shareholder.
THE CALL: HOLD (3/5, MODERATE) — Analyst fair-value anchor ~$50 vs ~$53.08 at the October 26, 2026 completed close.
KEY METRICS:
- Q3 revenue $9.449B, up 5.84%; organic growth approximately 2%.
- Adjusted EPS $0.64 versus $0.69 a year earlier; GAAP EPS $0.49.
- Digital revenue $693M, pretax margin 28.0%, annual recurring revenue $1.040B.
- Q3 issuer FCF $828M versus dividends and repurchases $1.095B; YTD FCF $1.521B versus returns $3.060B.
- 2026 capital investment guidance approximately $2.5B. Pending Kelvion: $3.4B cash plus $0.7B assumed debt.
- Analyst fair value $50; method band $47–$53; bear/base/bull $35/$50/$74, weighted $52.25. HOLD 3/5, High uncertainty.
What to watch: Review near $40 with the thesis intact. Reassess if organic demand weakens, cash coverage deficits persist or net debt keeps rising ahead of Kelvion.
Full research packet: https://chargedalpha.com/research/slb-q3-2026
Also on YouTube: @ChargedAlpha
DISCLAIMER: For informational and educational purposes only. Not financial advice. Do your own research before any investment decision.

Rambus Inc. (RMBS) Q3 2026 — The $90.32 quote is timestamped 20:00 UTC. The release minute is unconfirmed; the daily move is not a verified earnings reaction.
Rambus beat revenue and adjusted EPS guidance, but inventory nearly doubled while year-to-date economic free cash declined. We examine the product ramp, design-tool payments and shareholder claims behind the record quarter.
THE CALL: HOLD (3/5, MODERATE) — base-case value ~$85.00 vs ~$90.32 today.
KEY METRICS:
- Q3 revenue $218.289M, up 22.3% year over year
- Adjusted EPS $0.84 versus $0.62; GAAP EPS $0.69 versus $0.44
- Product gross margin 60.2% versus 63.2%
- Inventory $87.235M, up 97.8% since year end
- Nine-month economic FCF $206.531M versus $229.714M
- Q4 revenue guidance $227–$233M; product revenue $127–$133M
- HOLD, $85 base value, high uncertainty, 20% required margin of safety
What to watch: Q4 product revenue of at least $127M, stable product gross margin and inventory conversion; $68 is a conditional 20% margin-of-safety threshold.
Full research packet: https://chargedalpha.com/research/rmbs-q3-2026
Also on YouTube: @ChargedAlpha
DISCLAIMER: For informational and educational purposes only. Not financial advice. Do your own research before any investment decision.

Amkor Technology, Inc. (AMKR) Q3 2026 — Reference price $36.81 is the October 26 regular-session close before the after-close earnings release. The first regular-session close following these results is still pending.
Amkor barely grew total sales while earnings improved sharply. Computing and automotive demand changed the mix, but cash equipment spending still exceeded operating cash generation. We test whether the margin recovery can become a better return for the shareholder financing the expansion.
THE CALL: HOLD (3/5, MODERATE) — Analyst fair-value anchor ~$35 vs ~$36.81 at the October 26, 2026 pre-release close.
KEY METRICS:
- Q3 revenue $1.991B, up 0.18%; GAAP diluted EPS $0.76 versus $0.51 a year earlier.
- Gross margin 18.3%; operating income $224.711M; attributable net income $190.613M.
- Computing 26% of sales, communications 37%; top-ten customers 66%.
- Nine-month OCF $868.345M less cash PP&E $1,236.806M gives simple FCF −$368.461M.
- Q4 revenue guide $1.9–$2.0B, gross margin 18–19%, EPS $0.65–$0.75; annual capex ≈$2.5B.
- Analyst fair $35, method band $27–$40; bear/base/bull $20.40/$35/$59.50, weighted $37.475. HOLD 3/5, High uncertainty.
What to watch: Review near $26.25 with the thesis intact. Reassess if Q4 revenue is below $1.9B, gross margin below 18%, or investment deficits widen alongside weaker profitability.
Full research packet: https://chargedalpha.com/research/amkr-q3-2026
Also on YouTube: @ChargedAlpha
DISCLAIMER: For informational and educational purposes only. Not financial advice. Do your own research before any investment decision.

Celestica Inc. (CLS) Q3 2026 — The $246.40 reference quote was captured before this earnings release; the same-day decline is not a verified earnings reaction.
Celestica more than doubled adjusted EPS and raised its growth outlook, yet cut its 2026 free-cash-flow forecast. We examine the capacity bill, receivable financing and dilution behind the next phase of expansion.
THE CALL: HOLD (3/5, MODERATE) — base-case value ~$300.00 vs ~$246.40 today.
KEY METRICS:
- Q3 revenue $5,829.7M, up 82.5% year over year
- Adjusted EPS $3.30 versus $1.58; GAAP EPS $3.26 versus $2.31
- Adjusted operating margin 8.5% versus 7.6%
- FY2026 FCF outlook $460M, reduced from $600M
- Initial FY2027 outlook: revenue $40B, adjusted EPS $21.50, capex $1.5–$2.0B
- Sold receivables outstanding $700.8M; period-end shares 126.1M
- Analyst value $300; high uncertainty; 25% required margin of safety
What to watch: Improving cash conversion with the $40B 2027 revenue outlook intact; watch $460M FY2026 FCF, sold receivables and inventory days.
Full research packet: https://chargedalpha.com/research/cls-q3-2026
Also on YouTube: @ChargedAlpha
DISCLAIMER: For informational and educational purposes only. Not financial advice. Do your own research before any investment decision.

United Rentals, Inc. (URI) Q3 2026 — Reference price $1,098.88 at the October 23, 2026 completed close; chart excludes dividends and the unfinished October 26 session.
United Rentals raised revenue and profit guidance as rental productivity and Specialty margins improved. Higher equipment investment absorbed the stronger operating-cash outlook, leaving free-cash-flow guidance unchanged. We test the cash behind the growth and the expectations already embedded in the price.
THE CALL: HOLD (3/5, MODERATE) — Analyst fair-value anchor ~$980 vs ~$1098.88 at the October 23, 2026 close.
KEY METRICS:
- Q3 revenue $4.893B, up 15.7%; rental revenue $4.316B, up 17.8%; rental productivity +6.5%.
- Q3 net income $920M; GAAP diluted EPS $14.77, adjusted EPS $15.55; adjusted EBITDA $2.331B.
- Nine-month OCF $4.934B and issuer FCF $1.421B; program buybacks and dividends $1.496B.
- FY revenue guidance $18.0–$18.2B and adjusted EBITDA $8.3–$8.4B were raised; FCF excluding restructuring $2.15–$2.45B unchanged.
- Analyst value $980, range $760–$1,225, versus $1,098.88 October 23 close. HOLD, 3/5, High uncertainty.
- Analyst bear/base/bull $760/$980/$1,225, weighted $986.25; assumptions are not issuer forecasts.
What to watch: Review near $830 with the thesis intact. Reassess if productivity falls below 2%, FCF guidance falls below $2.15B, or net leverage exceeds 2.5×.
Full research packet: https://chargedalpha.com/research/uri-q3-2026
Also on YouTube: @ChargedAlpha
DISCLAIMER: For informational and educational purposes only. Not financial advice. Do your own research before any investment decision.

Texas Instruments Incorporated (TXN) Q3 2026 — Reference price $284.69 at the October 23, 2026 completed close; historical price changes exclude dividends.
Texas Instruments delivered faster revenue growth, stronger factory profitability and a sharp cash recovery. We separate plain free cash flow from CHIPS incentive proceeds and test how much sustainable growth is already reflected in the share price.
THE CALL: HOLD (3/5, MODERATE) — Analyst fair-value anchor ~$270 vs ~$284.69 at the October 23, 2026 close.
KEY METRICS:
- Q3 revenue $6.055B, up 27.7% year over year; GAAP operating profit $2.874B and diluted EPS $2.62.
- TTM OCF $9.896B minus capex $2.578B = plain FCF $7.318B; issuer FCF adds $1.104B CHIPS proceeds to reach $8.422B.
- Q4 issuer guidance: revenue $5.8–$6.3B and diluted EPS $2.45–$2.79.
- Pending Silicon Labs acquisition: $231 per target share, approximately $7.5B enterprise value; $5B delayed-draw facility undrawn at September 30.
- Analyst fair value $270, range $220–$320, versus $284.69 October 23 close; HOLD, 3/5 conviction, High uncertainty.
- Analyst bear/base/bull values $190/$270/$360; weighted $272.50. These are not issuer forecasts.
What to watch: Review near $220 with the thesis intact, or after verified sustainable annual equity FCF above $10 per share; reassess if inventory exceeds 210 days or gross margin falls below 60%.
Full research packet: https://chargedalpha.com/research/txn-q3-2026
Also on YouTube: @ChargedAlpha
DISCLAIMER: For informational and educational purposes only. Not financial advice. Do your own research before any investment decision.

Tractor Supply Company (TSCO) Q3 2026 — Revenue improved while nine-month cash after gross investment fell short of dividends and buybacks.
Tractor Supply reported 5.1% sales growth but weaker operating profit in Q3 2026. Hudson and Lana examine comparable transactions, inventory, property gains, capital spending and the financing behind shareholder returns. Nine-month conventional free cash flow was $231M against $720M of dividends and repurchases. Price basis: $33.42 at the October 23, 2026 close. The packet distinguishes GAAP and adjusted guidance, property proceeds and recurring operating cash.
THE CALL: HOLD (3/5, MODERATE) — base-case value ~$32.00 vs ~$33.42 today.
KEY METRICS:
- Q3 revenue $3.910B; +5.1% year-over-year
- Comparable sales +0.4%; ticket +0.7%, transactions −0.3%
- GAAP operating income $307.7M; margin 7.87%
- GAAP diluted EPS $0.43 versus $0.49 year ago
- Nine-month OCF $882.6M; gross capex $651.6M; conventional FCF $231.0M
- Nine-month dividends + buybacks $719.7M; property proceeds $160.1M; net borrowing $470M
- FY2026 EPS guide: GAAP $1.78–$1.88; adjusted $1.90–$2.00
- Fair value $32; range $27–$37; High uncertainty; weighted scenario value $32
What to watch: Test comparable transactions, inventory turns, annual guidance and cash coverage at the January 2027 analyst review; $25.60 requires an intact operating thesis.
Full research packet: https://chargedalpha.com/research/tsco-q3-2026
Also on YouTube: @ChargedAlpha
DISCLAIMER: For informational and educational purposes only. Not financial advice. Do your own research before any investment decision.

PG&E Corporation (PCG) Q3 2026 — Reference price $12.63 at the October 23, 2026 completed close; historical price changes exclude dividends.
PG&E reaffirmed core earnings guidance while cutting its 2027 capital plan. We separate parent cash flows from Utility results, examine wildfire and regulatory conditions, and test the common shareholder claim.
THE CALL: HOLD (3/5, MODERATE) — Analyst fair-value anchor ~$14 vs ~$12.63 at the October 23, 2026 close.
KEY METRICS:
- Q3 parent revenue $6.188B; core EPS $0.41 versus $0.50 and GAAP diluted EPS $0.34 versus $0.37.
- 2026 core EPS guidance $1.64–$1.66; 2027 $1.78–$1.82; issuer non-GAAP forward measures without quantitative GAAP reconciliation.
- Parent nine-month OCF $5.840B minus cash capex $9.621B = computed FCF −$3.781B.
- 2027 capital plan reduced from $13.4B to $11.4B; old 2028–2030 outlook withdrawn.
- Analyst fair value $14, range $10–$18, versus $12.63 close; HOLD, 3/5 conviction, Very High uncertainty.
- Analyst scenarios $8 bear / $14 base / $20 bull; weighted $13.40. Not issuer forecasts.
What to watch: A financeable revised capital plan, delivered core guidance and a smaller comparable cash investment gap; below $10 prompts review only with an intact thesis.
Full research packet: https://chargedalpha.com/research/pcg-q3-2026
Also on YouTube: @ChargedAlpha
DISCLAIMER: For informational and educational purposes only. Not financial advice. Do your own research before any investment decision.

Western Digital Corporation (WDC) Q1 FY2027 — Hard-drive margins surged while investment and convertible dilution complicated the per-share cash story.
Western Digital reported exceptional HDD revenue, margins and cash generation in Q1 FY2027. Hudson and Lana examine pricing, customer concentration, reinvestment, convertible claims and three valuation routes. Price basis: $343.67 at the October 23, 2026 close. Historical continuing HDD income is distinguished from older consolidated cash flows that include discontinued Flash operations.
THE CALL: HOLD (3/5, MODERATE) — base-case value ~$350.00 vs ~$343.67 today.
KEY METRICS:
- Revenue $4.381B; +55.5% reported YoY
- GAAP gross margin 57.84%; operating margin 46.70%
- GAAP diluted EPS $4.63; adjusted EPS $4.64
- Operating cash $1.604B; capex $227M; conventional FCF $1.377B
- Cloud revenue $3.868B, or 88.3% of sales
- Q2 issuer outlook: revenue $5.0B–$5.2B; adjusted EPS $5.60–$6.00
- Fair value $350; range $300–$400; High uncertainty
- Twelve-month weighted scenario value $352.50; analytical assumptions
What to watch: Test the next-quarter outlook, cash after reinvestment, tax normalization and diluted shares; a $280 price checkpoint requires an intact operating thesis.
Full research packet: https://chargedalpha.com/research/wdc-q1-fy2027
Also on YouTube: @ChargedAlpha
DISCLAIMER: For informational and educational purposes only. Not financial advice. Do your own research before any investment decision.