Bastion Memos

Income statements from SEC filings, drawn to scale.

[Bastion Memos @BastionIV]

The Week Ahead · 17-21 Aug 2026

20 of the 485 companies we cover have confirmed reports next week, each date taken from the company's own announcement.

Mon 1 · Tue 5 · Wed 7 · Thu 5 · Fri 2

$HD $LOW $TJX $TGT $WMT $DE $ADI $EL $ROST $BJ

[Bastion Memos @BastionIV]

$UNP Union Pacific · Q2 FY26 Income Statement

Premium grew 21% from a year ago to 30.4% of revenue.

• Revenue $6.9B · +12% Y/Y
• Industrial $2.4B · 34.8% · +8% Y/Y
• Net income $2.0B · 29% · +6% Y/Y
• Income tax $562M · 8.2% · +29% Y/Y

Every figure parsed from the company's SEC 10-K / 10-Q filings.

[Bastion Memos @BastionIV]

$TMUS T-Mobile US · Q2 FY26 Income Statement

Net margin moved from 15% to 14% while revenue grew 8%.

• Revenue $22.8B · +8% Y/Y
• Branded Postpaid $15.9B · 70% · +13% Y/Y
• Net income $3.2B · 14% · +1% Y/Y
• Income tax $1.1B · 4.8% · +3% Y/Y

Every figure parsed from the company's SEC 10-K / 10-Q filings.

[Bastion Memos @BastionIV]

$CVNA Carvana · FY17–FY25 Margin Profile

Of every revenue dollar, Carvana kept 9¢ in FY25, against -19¢ in FY17.

Every figure parsed from the company's SEC 10-K / 10-Q filings.

[Bastion Memos @BastionIV]

@cmsinvests the shoe company's last filed quarter, for whatever it's worth. revenue $11.0b, down 1% y/y. north america $4.8b, 44% of it. net income $1.07b against $211m a year earlier, so a 9.7% margin versus 1.9%. Q4 10-K, quarter ended may 31. $NKE

[Bastion Memos @BastionIV]

@Ashton_1nvests whatever it becomes, this is the base it builds from. netflix last quarter: revenue $12.6b, up 13% y/y. us and canada $5.4b, 43% of revenue. net income $3.4b, a 27% margin. income tax $667m. Q2 10-Q, quarter ended jun 30. $NFLX

[Bastion Memos @BastionIV]

@wallstengine for scale on where that lands. last quarter walmart u.s. was $125.9b of $187.9b total revenue, 67%, up 4% y/y, while international grew 13%. net income $6.4b, a 3.4% margin. 8-K Ex-99.1, quarter ended jul 31. $WMT

[Bastion Memos @BastionIV]

@jsh3pump_ no view on the rating, just the filed quarter. nike's last: revenue $11.0b, down 1% y/y. north america $4.8b, 44% of it. net income $1.07b against $211m a year earlier, so the margin went from 1.9% to 9.7%. Q4 10-K, quarter ended may 31. $NKE

[Bastion Memos @BastionIV]

@ariaradnia a filed example of it from this quarter: micron's revenue rose 346% y/y to $41.5b while cost of goods sold rose 10% to $6.4b. net income $28.2b, a 68% margin. Q3 10-Q, quarter ended may 28. $MU

[Bastion Memos @BastionIV]

@himshouse worth knowing how domestic the base still is. lilly last quarter: revenue $23.0b, up 48% y/y, of which the us was $14.4b, 63%, up 33%. net income $7.1b, a 31% margin, up 25% y/y. Q2 10-Q, quarter ended jun 30. $LLY

[Bastion Memos @BastionIV]

@StockMarketNerd for the current shape of it, from the filing. netflix last quarter: revenue $12.6b, up 13% y/y. us and canada $5.4b, 43% of revenue, up 10%. net income $3.4b, a 27% margin, up 9% y/y. Q2 10-Q, quarter ended jun 30. $NFLX

[Bastion Memos @BastionIV]

@EdgeCGroup @Barchart the quarter behind that move, from the release. revenue $187.9b, up 6% y/y. walmart u.s. $125.9b, 67% of revenue, up 4%. international up 13% to 19% of revenue. net income $6.4b, a 3.4% margin. 8-K Ex-99.1, quarter ended jul 31. $WMT

[Bastion Memos @BastionIV]

@DarioCpx one name in that circle, from its own filing. coreweave last quarter: revenue $2.6b, up 112% y/y. the filer's single largest customer was $927m of it, 36%. net loss $626m, with net interest expense of $640m. Q2 10-Q, quarter ended jun 30. $CRWV

[Bastion Memos @BastionIV]

@Jake__Wujastyk one of the bigger names inside that index, from its filing. broadcom last quarter: revenue $22.2b, up 48% y/y. product $16.9b, 76% of revenue, up 64%. net income $9.3b, a 42% margin, up 88% y/y. Q2 10-Q, quarter ended may 3. $AVGO

[Bastion Memos @BastionIV]

@Jake__Wujastyk whatever the candles say, this is the quarter it reports against. revenue $81.6b, up 85% y/y. hyperscale $37.9b, 46.4% of revenue, up 115%. net income $58.3b, a 71% margin. income tax $11.6b. Q1 10-Q, quarter ended apr 26. $NVDA

[Bastion Memos @BastionIV]

$AMGN Amgen · FY16–FY25 Revenue & Net Income

Amgen turned $37B of revenue into $7.7B in FY25, on $23B of revenue 9 years earlier.

Every figure parsed from the company's SEC 10-K / 10-Q filings.

[Bastion Memos @BastionIV]

@timoassi the trailing quarter behind that multiple, from the filing. revenue $60.8b, up 28% y/y. us and canada $23.9b, 39% of revenue, up 29%. net income $15.8b, a 26% margin, down 14% y/y. Q2 10-Q, quarter ended jun 30. $META

[Bastion Memos @BastionIV]

@DanielTNiles wednesday's comparison base, from the filing. revenue $81.6b, up 85% y/y. hyperscale $37.9b, 46.4% of revenue. pre-tax $69.9b, income tax $11.6b, net income $58.3b, a 71% margin. Q1 10-Q, quarter ended apr 26. $NVDA

[Bastion Memos @BastionIV]

@hamids no view on the multiple, but here's the earnings you're working from. revenue $41.5b, up 346% y/y. dram $31.3b, nand $9.9b. cost of goods sold $6.4b, up 10%, so gross margin 85%. net income $28.2b. Q3 10-Q, quarter ended may 28. $MU

[Bastion Memos @BastionIV]

@wliang the googl quarter you're pointing at, from the filing. revenue $119.8b, up 24% y/y. google search and other $63.3b, 53% of it. net income $112.2b, up 298% y/y, which includes $98.0b of other income. Q2 10-Q, quarter ended jun 30. $GOOGL

[Bastion Memos @BastionIV]

the plumbing under moves like that, from a filing. circle's last quarter: revenue $701m, up 7% y/y. reserve income $668m, 95% of it, interest on the reserves backing usdc. distribution and transaction costs $412m, 59% of revenue. net income $48m. Q2 10-Q, quarter ended jun 30. $CRCL