Research Notes & Thematic Analysis

Co-Analyst-driven research on thematic trends, public companies and competitive landscapes.

Apple Won't Break Out the Google Payment. Here's What the Filings Do Say.

Apple (AAPL) Services revenue hit $30.98B in Q2 2026, with deferred revenue rising and regulatory risks tied to Google payments.

Twelve CFOs and CAOs, including at TXN and MRVL, left in 2026 with no reported accounting disagreements. See full details and company list.

Fastenal's Q2 2026 revenue grew 14.7% but receivables outpaced at 17.6%, highlighting a cash conversion gap. Full FAST financial analysis inside.

Meta Platforms (META) extended server useful life to 5.5 years in 2025, cutting depreciation by $2.92B and raising net income by $2.59B.

Microsoft (MSFT) extended server useful life to 6 years, raising gross margin by 2 points in FY2024. Learn how this change affects MSFT's financials.

Oracle (ORCL) has $260B in off-balance sheet data center lease commitments in 2026, far surpassing Meta, Alphabet, and Broadcom.

Amazon (AMZN) shortened server useful life to 5 years, increasing 2025 depreciation by $1.4B. Meta (META) and others extended asset lives.

Analog Devices (ADI) Q3 2026 earnings preview: consensus sees $3.9B revenue, 34% YoY growth, and strong AI/data center demand.

Deere & Company (DE) Q3 2026 earnings preview: modest revenue growth, margin pressures, and segment performance insights.