Triangulated Research

Publisher

[Triangulated Research @TriInvRsrch]

wages for us have gone from, call it, 5% in the U.S. 2 years ago to 3%. $BX

[Triangulated Research @TriInvRsrch]

On the inflation front, obviously, we've got near-term headwinds from energy prices. Still some lingering impact from tariffs. But if you look at shelter costs, which are the biggest component of CPI, I would say they're running in the low 1s $BX

[Triangulated Research @TriInvRsrch]

our private equity companies had revenue growth in the quarter, which is remarkable. It's definitely weaker in Europe, but I would say, overall, the picture is quite good on that front. $BX

[Triangulated Research @TriInvRsrch]

The economy has been much more resilient than people expected. $BX

[Triangulated Research @TriInvRsrch]

We have a strong turkey business. We have strong beef chicken as well as nuts and nut butters. $HRL

[Triangulated Research @TriInvRsrch]

the overall health of [our] 27.5 million retail customers. So we often get asked how are they navigating this market environment. And if I go all the way back to when we've seen these dips around tariffs and things, they've been pretty aggressive dip buyers. $HOOD

[Triangulated Research @TriInvRsrch]

Simply put, all customers are prioritizing high capacity, low latency and high-speed connectivity, underpinned by the need to transport data for AI, including model training, data ingestion and inference. $CIEN

[Triangulated Research @TriInvRsrch]

we expect an increasingly larger proportion of that spend will be directed towards network infrastructure. $CIEN

[Triangulated Research @TriInvRsrch]

AI-led demand from both cloud and service providers, $CIEN

[Triangulated Research @TriInvRsrch]

we grew the business 40% year-on-year $CIEN

[Triangulated Research @TriInvRsrch]

In the second half of 2026, we expect AI semiconductor revenue to double from the first half $AVGO

[Triangulated Research @TriInvRsrch]

During the quarter, bookings for AI semiconductors were over $30 billion against the $10.8 billion we shipped. $AVGO

[Triangulated Research @TriInvRsrch]

Even as our revenue scales up massively driven by AI, our operating and EBITDA margins remain strong and stable. $AVGO

[Triangulated Research @TriInvRsrch]

Q2 operating margin was a record 67%, and adjusted EBITDA was a record 69% of revenue, which was above our guidance $AVGO

[Triangulated Research @TriInvRsrch]

total revenue reached a record $22.2 billion, up 48% year-on-year, above our guidance on strength in AI semiconductors. $AVGO

[Triangulated Research @TriInvRsrch]

investments we're making in Uber Autonomous Solutions $UBER

[Triangulated Research @TriInvRsrch]

If you look at markets like Canada, U.K., Japan, all of these markets are growing at roughly 20% or higher $UBER

[Triangulated Research @TriInvRsrch]

We have a market-leading position in Canada, U.K., France, Australia, Taiwan and Japan, among others. These are all very attractive markets with a lot of untapped TAM still in front of them $UBER

[Triangulated Research @TriInvRsrch]

the opportunity for Okta for AI agents is not limited to our existing workforce customers. It extends to every enterprise with a multi-platform AI strategy. $OKTA

[Triangulated Research @TriInvRsrch]

This shift broadens the attack surface because every agent comes with credentials privileges, and the ability to act on a user's behalf $OKTA