VirtuNom

[VirtuNom @VirtuNom]

Sources:
Bloom IR - https://t.co/X6FvnqhHe8
SEC EX-99.1 - https://t.co/gWRGeG8Lsp
Business Wire - https://t.co/Qr8EekHXIP
q/q % = my math where labelled. No street consensus or same-day share move. Not investment advice.

[VirtuNom @VirtuNom]

FACT (Bloom Energy / BE, 22 Oct): Q3'26 (ended 30 Sep). Revenue $1,235.8m, +138.1% y/y; +16.0% q/q vs $1,065.4m (my math).

FACT: Product $1,073.6m (+179.4% y/y). GAAP GM 33.8% (+453 bps); non-GAAP 34.5% (+412 bps).

ANALYSIS: Onsite fuel-cell power print - then the cash. 🧵

[VirtuNom @VirtuNom]

What to watch / soft locate.

FACT (Bloom FLS risks): AI-DC slowdown; air-permit / financing delays; capacity ramp; install cycle.

ANALYSIS: Watch Q4 OCF vs contract-asset unwind, install GM, guide delivery. Soft-locate: onsite fuel-cell power - not WDC storage (AUTO-23-04).

[VirtuNom @VirtuNom]

https://t.co/d1Kw4StKqg

[VirtuNom @VirtuNom]

Sources:
WD IR — https://t.co/fK2GPnp2Ob
SEC EX-99.1 — https://t.co/SGIFkk3gNu
Business Wire via Yahoo — https://t.co/mp1G818cjQ
FCF/sales + guide q/q math = mine where labelled. No street consensus or same-day share move. Not investment advice.

[VirtuNom @VirtuNom]

FACT (Western Digital / WD, 22 Oct): Q1FY27 (ended 2 Oct). Revenue $4.381bn, +55% y/y, +17% q/q.

FACT: Non-GAAP GM 58.1% (+1420 bps y/y); non-GAAP EPS $4.64 (+161% y/y).

ANALYSIS: Storage demand + pricing in the P&L. 🧵

[VirtuNom @VirtuNom]

What to watch / soft locate.

FACT (WD release risks): Cloud end-market + top-customer concentration.

ANALYSIS: Watch Q2 vs $5.1bn, GM 60%+ hold, pricing durability. Soft-locate: HDD/storage vendor — not Lam WFE (AUTO-22-10) or Samsung/SK NAND policy (AUTO-21-16).

[VirtuNom @VirtuNom]

Sources:
Honeywell Q3 2026 release — https://t.co/F7plzXpuxr
Tables PDF — https://t.co/CQaud9Tkub
3Q26 presentation — https://t.co/wRBkb9lVXg
Sales-band / midpoint math = mine where labelled. No street consensus or same-day share move. Not investment advice.

[VirtuNom @VirtuNom]

FACT (Honeywell Technologies, 22 Oct): first standalone automation quarter. Sales $4,994m, +1% reported / +7% organic. Adj EPS $2.27 (+34%).

FACT: OM 14.8% (+640 bps); segment margin 21.3% (+370 bps).

ANALYSIS: Headline sales understate it. Organic + margins are the print. 🧵

[VirtuNom @VirtuNom]

What to watch.

FACT (Honeywell): Q4 organic 5–6%; PA&T hit by JM Catalyst + mix; IA meter deferrals; FCF excludes Quantinuum.

ANALYSIS: Process margin recovery, meters clear, Quantinuum off FCF. Soft-locate: unlike Nokia conversion cut (AUTO-22-16), this raise is earnings-led.