Costco’s Cash Generation Supports a Larger Expansion Budget
Costco sells groceries, household goods and services through membership warehouses and digital channels. In fiscal 2026, ended August 30, it generated $15.82 billion of operating cash.
PACCAR Earned More on Fewer Trucks, but Its Recovery Remains Uneven
PACCAR sells Kenworth, Peterbilt and DAF trucks, supplies replacement parts, and finances or leases vehicles to customers and dealers. In the second quarter of 2026, higher truck prices and lower costs in selected areas helped net income rise 3.9% to $752.0 million, while truck deliveries fell to 38,700 from 39,300 a year earlier.
Constellation Brands’ Beer Recovery Depends on Sales Beyond the Distributor
Constellation Brands sells Modelo, Corona, Pacifico, and other beer brands, alongside a smaller wine and spirits portfolio. In its second quarter of fiscal 2027, ended August 31, 2026, distributors rebuilding beer inventories helped consolidated net sales rise 6.1%, but the volume of beer U.S. distributors shipped onward to retailers fell 0.6%.
Fastenal’s Larger Customers Lift Profit but Tie Up More Cash
Fastenal supplies factories and other businesses with fasteners, safety equipment, tools, and systems that keep those products available near workers. In the second quarter ended June 30, 2026, operating profit rose 15.1% from a year earlier as larger customer relationships helped spread service costs across more sales, but operating cash flow fell 4.6%.
Mondelez’s Profit Rebound Runs Ahead of Its Snack Business Recovery
Mondelez International sells biscuits, baked snacks and chocolate, including Oreo, Ritz, Cadbury and Milka. In the second quarter ended June 30, 2026, reported operating profit rose 66%, while combined operating profit across its four geographic businesses fell 10.1%.
Marvell’s AI Growth Comes With a Much Larger Manufacturing Commitment
Marvell Technology designs chips that help data centers process, move and store information, while outside manufacturers make those chips. In its second quarter of fiscal 2027, revenue rose 36.5%, led by demand for AI infrastructure.
Arista Networks’ Higher Profits Come With Bigger Commitments to Future Network Demand
Arista Networks sells equipment, software and support that help move data through cloud, artificial-intelligence and business networks. In the second quarter ended June 30, 2026, operating profit rose 39.7% from a year earlier, outpacing sales growth even as more sales went to large customers that generally receive bigger discounts.
Danaher’s Masimo Purchase Expands Diagnostics and Raises Funding Needs
Danaher sells equipment, supplies and services used to research treatments, manufacture medicines and diagnose patients. In its second quarter of fiscal 2026, ended June 26, it bought patient-monitoring specialist Masimo for $9.843 billion in cash, net of acquired cash.
Salesforce’s Profit Surge Came From Investment Gains as Its Operating Margin Fell
Salesforce sells software that helps businesses manage sales, customer service, marketing and customer data. In its second quarter of fiscal 2027, ended July 31, 2026, net profit rose 86.9%, driven by investment gains, while operating profit was essentially unchanged despite 10.8% revenue growth.
Air Products’ Gas Business Is Improving, but Its Project Retreat Still Needs Cash
Air Products sells gases that customers use to make products, refine fuels and run factories. In its third quarter of fiscal 2026, ended June 30, 2026, adjusted operating profit rose 9.3%, although a $2.9 billion project-exit charge pushed reported results into a loss.
Charles Schwab’s Lending Growth Lifts Profit and Raises Funding Needs
Charles Schwab earned $2.8 billion in the second quarter of 2026, up 32% from a year earlier. More client lending, lower funding costs and higher trading and investment-service fees lifted profit.
AppLovin’s Ad Revenue Rose Despite Fewer Installations
AppLovin, which helps advertisers find customers through ads in other companies’ apps, increased revenue by 53% in the second quarter of 2026 despite a 2% decline in app installations generated through AppLovin Ads.