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Baidu (NASDAQ: BIDU) — Q2 2026 Post Earnings

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Post earnings note company quarterly analysis

Operations¹

Q2 2026
Q2 Revenue ↓ 4.2% YoY ¥31.33B
Segments
Baidu General Business 80.0%
iQIYI 20.0%

Key Earnings Driver

GPU Cloud Baidu General Business revenue declined 4% year over year to RMB25.2 billion, with Online Marketing Services declining 19% to RMB13.1 billion, while Others revenue increased 21% to RMB12.1 billion and GPU Cloud revenue within Others increased 283%. iQIYI revenue declined 5% to RMB6.3 billion.

Key Operating Metrics²

METRIC

STATUS

Baidu General Business↓ 4.0%

Online Marketing Services↓ 19.0%

🟡 Watch

Others↑ 21.0%

GPU Cloud↑ 283.0%

🟢 Scaling

iQIYI↓ 5.0%

Membership Services↓ 2.0%

🟡 Watch

Online Advertising Services↓ 2.0%

🟡 Watch

Content Distribution↑ 56.0%

Other↓ 58.0%

🟡 Watch

Sources: Baidu Q2 2026 Earnings Release — Company Website, Baidu Q2 2026 Form 6-K — SEC Filing

Operations¹: Total revenue is after inter-segment elimination. Division revenue percentages are before inter-segment elimination.

Key Operating Metrics²: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.

NetEase (NASDAQ: NTES) — Q2 2026 Pre Earnings

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Pre earnings note company quarterly analysis

Operations

Q1 2026
Q1 Revenue ↑ 6.1% YoY ¥30.59B
Segments
Games and related value-added services 84.0%
Youdao 4.4%
NetEase Cloud Music 6.5%
Innovative businesses and others 5.1%

Key Earnings Driver

Online Games Games and related value-added services revenue increased 6.9% year over year to RMB25.7B in Q1, with Online Games accounting for approximately 97.5% of segment revenue. Management highlighted strong engagement and revenue performance across established titles, including the Fantasy Westward Journey franchise, Identity V, Eggy Party, Sword of Justice and Where Winds Meet, supported by high-cadence content updates and gameplay innovation. Youdao revenue increased 3.8%, NetEase Cloud Music revenue increased 6.6%, and Innovative businesses and others revenue declined 4.6%.

Key Operating Metrics¹

METRIC

STATUS

Games and related value–added services↑ 6.9%

Online Games

🟢 Scaling

Sources: NetEase Q1 2026 Financial Results — Company Website

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.

Mercury Systems (NASDAQ: MRCY) — Q4 FY2026 Post Earnings

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Post earnings note company quarterly analysis

Operations

Q4 2026
Q4 Revenue ↑ 6.1% YoY $289.8M
Segments
Sensor & Effector 50.9%
C4I 37.1%
Other 12.0%

Key Earnings Driver

Other Sensor & Effector Sensor & Effector revenue increased 38.5% to $147.5M. Within Sensor & Effector, Radar revenue increased 13.4%, Electronic Warfare revenue increased 37.9% and Other Sensor & Effector revenue increased 86.1%. C4I revenue declined 15.7% to $107.6M. Other revenue declined 11.2% to $34.6M.

Key Operating Metrics¹

METRIC

STATUS

Sensor & Effector↑ 38.5%

Radar↑ 13.4%

Electronic Warfare↑ 37.9%

Other Sensor & Effector↑ 86.1%

🟢 Scaling

C4I↓ 15.7%

🟡 Watch

Other↓ 11.2%

🟡 Watch

Sources: Mercury Systems Q4 FY2026 Earnings Release — SEC Filing, Mercury Systems Q3 FY2026 Form 10-Q — SEC Filing, Mercury Systems FY2026 Annual Report — SEC Filing

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.

Keysight Technologies (NYSE: KEYS) — Q3 FY2026 Post Earnings

by
Post earnings note company quarterly analysis

Operations

Q3 2026
Q3 Revenue ↑ 36.5% YoY $1.85B
Segments
Communications Solutions Group 72.9%
Electronic Industrial Solutions Group 27.1%

Key Earnings Driver

Terabit Transceivers Communications Solutions Group revenue increased 43.1% to $1.345B. Within Communications Solutions Group, Commercial Communications increased 56.2% to $1.01B. Keysight stated the year-over-year increase in revenue was primarily driven by our customers R&D spend in terabit solutions and expanding 400G/800G/1.6 terabit transceiver manufacturing capacity to meet rising demand for AI capabilities. Electronic Industrial Solutions Group revenue increased 21.6% to $501M.

Key Operating Metrics¹

METRIC

STATUS

Communications Solutions Group↑ 43.1%

Commercial Communications↑ 56.2%

Terabit transceivers

🟢 Scaling

Aerospace, Defense, and Government↑ 14.5%

Electronic Industrial Solutions Group↑ 21.6%

Key Financial Metrics

Gross Margin 65.87% +4.19 pp YoY
Backlog / Revenue 146.1% 1.46x Qtr Rev
CapEx Intensity 1.84% 0.01x Revenue

Sources: Keysight Technologies Q3 2026 Financial Results — Company Website, Keysight Q3 FY2026 Form 10-Q — SEC Filing

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.

Analog Devices (NASDAQ: ADI) — Q3 FY2026 Pre Earnings

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Pre earnings note company quarterly analysis

Operations

Q2 2026
Q2 Revenue ↑ 37.2% YoY $3.62B
Segments
Industrial 49.7%
Automotive 24.0%
Communications 15.3%
Consumer 11.0%

Key Earnings Driver

Data Center Communications revenue increased 78.6% year over year to $554.7 million in Q2, with Data Center accounting for more than 75% of Communications revenue and growing more than 90%. Management said Data Center growth was driven by both its optical and power portfolios. Industrial revenue increased 56.4% to $1.8 billion, Automotive revenue increased 1.8% to $871.6 million, and Consumer revenue increased 23.1% to $397.4M.

Key Operating Metrics¹

METRIC

STATUS

Industrial↑ 56.4%

Automotive↑ 1.8%

Communications↑ 78.6%

Data Center

🟢 Scaling

Consumer↑ 23.1%

Sources: Analog Devices Q2 FY2026 Earnings Release — Company Website, Analog Devices Q2 FY2026 Earnings Call Transcript — Company Website

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.

Kingsoft Cloud (NASDAQ: KC) — Q2 2026 Pre Earnings

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Pre earnings note company quarterly analysis

Operations

Q1 2026
Q1 Revenue ↑ 37.3% YoY ¥2.70B
Segments
Public Cloud Services 73.8%
Enterprise Cloud Services 26.2%

Key Earnings Driver

AI Business Public Cloud Services revenue increased 47.5% year over year to RMB1.9963B, with AI Business gross billing increasing 90% and accounting for more than half of Public Cloud Services revenue for the first time. Enterprise Cloud Services revenue increased 14.7% to RMB707.4M, but declined 17.6% sequentially, mainly due to the Chinese New Year impact and differentiated delivery schedules for various projects.

Key Operating Metrics¹

METRIC

STATUS

Public Cloud Services↑ 47.5%

AI Business

🟢 Scaling

Enterprise Cloud Services↑ 14.7%

Sources: Kingsoft Cloud Q1 2026 Financial Results — Company Website, Kingsoft Cloud Q1 2026 Financial Results — SEC Filing

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.

Duos Technologies (NASDAQ: DUOT) — Q2 2026 Post Earnings

by
Post earnings note company quarterly analysis

Operations

Q2 2026
Q2 Revenue ↑ 29.5% YoY $6.2M
Segments
Technology Solutions 52.3%
Services and Consulting 47.2%
Hosting 0.5%

Key Earnings Driver

Technology Solutions Technology Solutions revenue increased to $3.23 million from $0, Services and Consulting revenue decreased 38.8% to $2.91 million, and Hosting revenue increased 306.9% to $32,549. The increase in revenue was driven primarily by the increase in Technology Solutions revenue.

Key Operating Metrics¹

METRIC

STATUS

Technology Solutions

🟢 Scaling

Services and Consulting↓ 38.8%

🟡 Watch

Sources: Duos Technologies Q2 2026 Earnings Release — Company Website, Duos Technologies Q2 2026 Form 10-Q — SEC filing

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.

Keysight Technologies (NYSE: KEYS) — Q3 FY2026 Pre Earnings

by
Pre earnings note company quarterly analysis

Operations

Q2 2026
Q2 Revenue ↑ 31.5% YoY $1.72B
Segments
Communications Solutions Group 71.7%
Electronic Industrial Solutions Group 28.3%

Key Earnings Driver

Commercial Communications Communications Solutions Group revenue increased 34.8% year over year to $1.23B. Within Communications Solutions Group, Commercial Communications revenue increased 40.2% to $858M, and Aerospace, Defense and Government revenue increased 23.9%. Electronic Industrial Solutions Group revenue increased 23.7% to $486M.

Key Operating Metrics¹

METRIC

STATUS

Communications Solutions Group↑ 34.8%

Commercial Communications↑ 40.2%

🟢 Scaling

Aerospace, Defense and Government↑ 23.9%

Electronic Industrial Solutions Group↑ 23.7%

Sources: Keysight Technologies Q2 2026 Financial Results — Company Website

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.

Mercury Systems (NASDAQ: MRCY) — Q4 FY2026 Pre Earnings

by
Pre earnings note company quarterly analysis

Operations

Q3 2026
Q3 Revenue ↑ 11.5% YoY $235.8M
Segments
Sensor & Effector 48.4%
C4I 38.1%
Other 13.5%

Key Earnings Driver

Other Sensor & Effector Sensor & Effector revenue increased 43.8% to $114.2M. Within Sensor & Effector, Radar revenue increased 24.8%, Electronic Warfare revenue increased 40.1% and Other Sensor & Effector revenue increased 78.4%. Management highlighted significant revenue growth across Space, Radar and other sensors and effectors. C4I revenue declined 7.2% to $89.8M.

Key Operating Metrics¹

METRIC

STATUS

Sensor & Effector↑ 43.8%

Radar↑ 24.8%

Electronic Warfare↑ 40.1%

Other Sensor & Effector↑ 78.4%

🟢 Scaling

C4I↓ 7.2%

🟡 Watch

Sources: Mercury Systems Q3 FY2026 Financial Results — Company Website, Mercury Systems March 2026 Investor Presentation — Company Website, Mercury Systems Q3 FY2026 Earnings Presentation — SEC Filing

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.

Baidu (NASDAQ: BIDU) — Q2 2026 Pre Earnings

by
Pre earnings note company quarterly analysis

Operations¹

Q1 2026
Q1 Revenue ↓ 1.2% YoY ¥32.08B
Segments
Baidu General Business 80.7%
iQIYI 19.3%

Key Earnings Driver

GPU Cloud Baidu General Business revenue increased 2% year over year to RMB26.0B. with Online Marketing Services declining 22% to RMB12.6 billion, while Others revenue increased 42% to RMB13.4 billion and GPU Cloud revenue within Others increased 184%. iQIYI revenue declined 14% to RMB6.2B.

Key Operating Metrics²

METRIC

STATUS

Baidu General Business↑ 2.0%

Online Marketing Services↓ 22.0%

🟡 Watch

Others↑ 42.0%

GPU Cloud↑ 184.0%

🟢 Scaling

iQIYI↓ 13.0%

Membership Services↓ 5.0%

🟡 Watch

Online Advertising Services↓ 7.0%

🟡 Watch

Content Distribution↓ 43.0%

🟡 Watch

Other↓ 49.0%

🟡 Watch

Sources: Baidu Q1 2026 Financial Results — Company Website, Baidu Q1 2026 Earnings Release — Company PDF

Operations¹: Total revenue is after inter-segment elimination. Division revenue percentages are before inter-segment elimination.

Key Operating Metrics²: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.