$T-Mobile US(TMUS)$’s second-quarter report was profitable and cash-generative, yet its shares fell 10.8% on July 23. The decline shows that investors are prioritising subscriber momentum over an earnings beat in an increasingly mature US wireless market. T-Mobile reported earnings of $2.99 per share, ahead of the approximately $2.59 expected by analysts. Average revenue per postpaid account increased 2% year over year to $152.91, while management raised its 2026 adjusted free-cash-flow forecast to $18.4 billion–$18.8 billion. Reuters’ July 23 report provides the results and outlook. The problem was the forward subscriber guidance. T-Mobile expects approximately 250,000 postpaid account additions in the third quarter, below analysts’ expectation o

$Honeywell(HON)$ delivered its first earnings report as a stand-alone automation company following the separation of Honeywell’s aerospace operations. The stock rose 5.7%, suggesting investors welcomed the clearer business profile and higher annual guidance despite an earnings miss. Second-quarter sales increased 4% to $9.72 billion, above the approximately $9.51 billion expected by analysts. Adjusted earnings rose 10% to $4.52 per share but missed the $4.81 consensus estimate. Management increased its 2026 adjusted earnings outlook to $8.05–$8.35 per share and projected annual sales of $19.8 billion–$20.0 billion. Reuters’ July 23 report summarises the post-separation results. Building Automation was the strongest division, with organic sales incr

$Newmont Mining(NEM)$’s second-quarter earnings exceeded expectations, but the stock slipped because stronger gold prices concealed weaker production. The report illustrates why a miner’s outlook cannot be determined from the commodity price alone. Newmont earned an adjusted $2.10 per share, above the approximately $1.99 expected by analysts. Revenue rose to $6.12 billion from $5.32 billion one year earlier. The company generated a record $2.2 billion of quarterly free cash flow and returned approximately $1.9 billion through dividends and share repurchases. Barron’s July 23 results analysis discusses the cash generation and capital returns. The average realised gold price was $4,414 per ounce, up from $3,320 a year earlier. However, attributable p

$SUPER MICRO COMPUTER INC(SMCI)$’s July 21 preliminary update changed the market’s immediate concern from whether it could sell enough AI servers to whether it could finally earn reasonable margins on those sales. The company expects fiscal fourth-quarter revenue near the lower end of its previous $11.0 billion–$12.5 billion guidance. Ordinarily, that would be a disappointment. However, estimated GAAP and non-GAAP gross margin was raised dramatically to 15%–17%, compared with previous guidance of only 8.2%–8.4%. Super Micro attributed the difference primarily to a favourable customer and product mix. It also reported more than $60 billion in new fourth-quarter orders and said backlog ended fiscal 2026 at a record level. Super Micro’s preliminary u