Wanhua Chemical’s net profit rose 84% year on year in the third quarter of 2026, beating market consensus; improvements in expenses and one-off items were the main reasons for the beat. Morgan Stanley believes limited new polyurethane supply and low channel inventories could support earnings in the short to medium term.
Nomura believes industrial profit growth rose markedly in September from August, mainly driven by higher industrial producer prices. Profit margins improved but remained below the second-quarter average.
Upward revisions to historical data raised the comparison base, masking the extent of tightness in chip supply and demand; although supply has improved, demand and memory prices remain strong, and consumer electronics prices may face delayed pressure.
Nomura expects silicon photonics to expand its share of high-speed optical networks, while improved supply of low- and mid-range chips will coexist with a shortage of high-end lasers. VCSEL and MicroLED offer new routes for shorter-distance interconnects.
Servo business drives year-on-year revenue growth, while a lower expense ratio pushes profit above Nomura Orient International Securities’ expectations; upstream costs and working-capital requirements remain important constraints in assessing earnings quality.
Postpaid phone net additions were the strongest for the same quarter in five years, while customer acquisition and retention costs fell; however, revenue per account continued to decline year over year, and fixed wireless broadband growth slowed further.
After recalculating, Bernstein lowered its estimate of the additional financing needed to fulfill existing orders from approximately 75 billion dollars to 18 billion–42 billion dollars; the funding requirement would rise substantially if it covered all contracted power capacity scheduled to come online by the end of 2028.
Unsupervised Robotaxi mileage has grown nearly 9-fold in three months, while Optimus still faces a lengthy ramp-up to mass production. Deutsche Bank believes the shareholder voting threshold and deal premium for a potential SpaceX merger could affect Tesla’s share price.
Revenue from a major customer’s computing capacity exceeded Deutsche Bank’s original model, prompting the bank to raise its fourth-quarter revenue forecast and price target. However, the timeline for achieving the 13-gigawatt computing-capacity target and securing the vast sums needed for construction remain key constraints on the expansion plan.
Deutsche Bank expects Palantir’s third-quarter revenue to exceed the midpoint of company guidance by 3% to 5%, with both commercial and government businesses supporting growth. But against a higher year-earlier base, even strong growth could appear as a slowdown in the year-over-year rate.
Goldman Sachs believes Phase II infant data for Pfizer’s 25-valent vaccine candidate support its defense of the Prevnar-dominated market; Phase III results and competitor data will determine the competitive landscape ahead.
Meta plans to raise equity capital in two stages: a near-term underwritten offering of approximately 35 billion dollars, followed by a market offering plan of approximately 60 billion dollars. Goldman Sachs forecasts combined capital expenditure of approximately 480 billion dollars for 2027–2028, with free cash flow turning negative in 2027.
In a Chinese phase III lung cancer trial, median progression-free survival with sac-TMT plus Keytruda reached 15 months, above expectations of 9 to 12 months; its first global phase III endometrial cancer trial also produced positive results.
In the second quarter of fiscal 2027, MakeMyTrip’s revenue grew 20% year over year in constant currency, exceeding Goldman Sachs’ forecast; higher marketing spending and payment fees weighed on margins.
JNJ-6143 achieved a high response rate in patients with advanced prostate cancer; data on another combination therapy for head and neck cancer also met Goldman Sachs’ expectations.
Goldman Sachs believes tariffs, the energy shock and mismeasurement of AI prices together explain the current core inflation overshoot. Its baseline calls for two rate hikes, followed by cuts to 3.25%–3.5%.
Third-quarter revenue was close to market expectations, but the IP business exceeded them, and the company raised its full-year revenue and earnings per share guidance. Goldman Sachs believes AI agents can generate direct fees and may also drive usage of underlying design tools.
Goldman Sachs expects Apple's iPhone revenue to grow 15% year over year in the fourth quarter of fiscal 2026, while unit sales decline 4%. The iPhone Duo and the full-year effect of price increases are expected to support growth in the next fiscal year, while component costs and slower services growth constrain profitability.
NXP’s third-quarter revenue and margin came in slightly above market consensus, but its fourth-quarter revenue guidance was slightly below expectations. Bernstein raised its earnings forecasts but lowered its valuation multiple based on the growth outlook, cutting its price target from 290 dollars to 270 dollars.
