Finance Notes

COVERAGE
EVERY NASDAQ 100 AND S&P 100 COMPANY · PRE EARNINGS · POST EARNINGS · COMPANY CATALYSTS

Microsoft (NASDAQ: MSFT) — Q1 FY2027 Pre Earnings

by
Microsoft msft q1 27 pre earnings

WHAT TO WATCH

AI Software is a Key Product of Microsoft

AI Software sits within Microsoft’s “Productivity and Business Processes”, “Intelligent Cloud” and “More Personal Computing” segments. The segments make up 100.0% of Microsoft’s revenue. Intelligent Cloud grew 31.6% and is Microsoft’s Key Earnings Driver. Nvidia’s Data Center segment grew fastest in the group at 116.6%.

Microsoft’s segments total $90.01B, the largest of the 13 companies, just ahead of Nvidia’s $89.02B, and represent 33.7% of their combined segment revenue. Productivity and Business Processes grew 14.3% and More Personal Computing fell 4.4%.

Analyze AI Software → 

How does the company compare with its competitors?

14 companies sell AI Software
  • ADBE
  • ARM
  • AXON
  • CRM
  • CRWV
  • DDOG
  • IBM
  • META
  • MSFT
  • NOW
  • NVDA
  • PLTR
  • TRI
  • WDAY
Growth rank
#6 of 13
↑ 31.6% year on year in the reported segment
Size rank
#1 of 13
$90.01B segment revenue
Share of the combined segments
33.7%
of $267.02B across 13 companies that report one
Dependence on these segments
100.0%
of MSFT’s total revenue

ARM does not report segment revenue for AI Software. Coverage: Nasdaq 100 and S&P 100.

Microsoft’s Key Operating Metrics

METRIC

STATUS

Intelligent Cloud↑ 31.6%

🟢 Scaling

Productivity and Business Processes↑ 14.3%

More Personal Computing↓ 4.4%

Alphabet (NASDAQ: GOOGL) — Q3 2026 Pre Earnings

by
Alphabet GOOG q3 2026 pre earnings

WHAT TO WATCH

AI Accelerators is a Key Product of Alphabet

AI Accelerators sits within Alphabet’s Google Cloud segment, which makes up 20.7% of Alphabet’s revenue. Google Cloud grew 81.8% and is Alphabet’s Key Earnings Driver. AMD’s Data Center segment grew fastest in the group at 107.3%.

Alphabet’s Google Cloud segment totals $24.77B, the second largest of the five companies behind Nvidia’s $48.71B, and represents 29.6% of their combined segment revenue.

Analyze AI Accelerators → 

How does the company compare with its competitors?

7 companies sell AI Accelerators
  • AMD
  • ARM
  • GOOGL
  • INTC
  • MRVL
  • NVDA
  • QCOM
Growth rank
#3 of 5
↑ 81.8% year on year in the reported segment
Size rank
#2 of 5
$24.77B segment revenue
Share of the combined segments
29.6%
of $83.66B across 5 companies that report one
Dependence on this segment
20.7%
of GOOGL’s total revenue

INTC and QCOM do not report segment revenue for AI Accelerators. Coverage: Nasdaq 100 and S&P 100.

Google’s Key Operating Metrics

METRIC

STATUS

Google Services↑ 14.5%

Google Advertising ↑ 14.4%

Google Search & Other↑ 16.8%

YouTube Ads ↑ 12.9%

Google Network ↓ 0.7%

Google Subscriptions, Platforms and Devices↑ 15.2%

Google Cloud↑ 81.8%

🟢 Scaling

Visa (NYSE: V) — Q4 2026 Pre Earnings

by
VISA V q4 2026 pre earnings

WHAT TO WATCH

Analytics is a Key Product of Visa

Analytics sits within Visa’s Other segment, which makes up 12.9% of Visa’s revenue. Other grew 45.5% and is Visa’s Key Earnings Driver. Oracle’s Cloud infrastructure segment grew fastest in the group at 120.7%.

Visa’s segment totals $1.50B, the fourth largest of the five companies, and represents 8.1% of their combined segment revenue. Oracle’s is the largest, at $7.39B.

Analyze Analytics → 

How does the company compare with its competitors?

5 companies sell Analytics
  • ADBE
  • DDOG
  • MA
  • ORCL
  • V
Growth rank
#2 of 5
↑ 45.5% year on year in the reported segment
Size rank
#4 of 5
$1.50B segment revenue
Share of the combined segments
8.1%
of $18.48B across 5 companies that report one
Dependence on this segment
12.9%
of V’s total revenue

Coverage: Nasdaq 100 and S&P 100.

Visa’s Key Operating Metrics

METRIC

STATUS

Data Processing↑ 17.3%

Service↑ 13.7%

International Transaction↑ 6.1%

Other↑ 45.5%

🟢 Scaling

Coca-Cola (NYSE: KO) — Q3 2026 Pre Earnings

by
coca cola ko q3 2026 pre-earnings

WHAT TO WATCH

Bottled Water is a Key Product of Coca-Cola

Bottled Water sits within Coca-Cola’s “Concentrate Operations” and “Finished Product Operations” segments. The segments make up 100.0% of Coca-Cola’s revenue. Concentrate Operations grew 6.9% and is Coca-Cola’s Key Earnings Driver. Keurig Dr Pepper’s KDP International segment grew fastest in the group at 25.9%.

Coca-Cola’s segments total $13.38B, the second largest of the three companies reporting in US dollars behind PepsiCo’s $14.52B, and represent 42.8% of their combined segment revenue. Finished Product Operations grew 6.4%.

Analyze Bottled Water → 

How does the company compare with its competitors?

6 companies sell Bottled Water
  • CCEP
  • KDP
  • KO
  • MNST
  • PEP
  • SBUX
Growth rank
#3 of 3
↑ 6.9% year on year in the reported segment
Size rank
#2 of 3
$13.38B segment revenue
Share of the combined segments
42.8%
of $31.24B across 3 companies that report one
Dependence on these segments
100.0%
of KO’s total revenue

MNST and SBUX do not report segment revenue for Bottled Water. CCEP reports in EUR; only companies reporting in USD are ranked. Coverage: Nasdaq 100 and S&P 100.

Coca-Cola’s Key Operating Metrics

METRIC

STATUS

Concentrate Operations↑ 6.9%

🟢 Scaling

Finished Product Operations↑ 6.4%

American Express (NYSE: AXP) — Q3 2026 Pre Earnings

by
axp q3 2026 pre-earnings finance note
What to watch
Credit Cards is a Key Product of American Express

Credit Cards sits within American Express’s U.S. Consumer Services and International Card Services segments. The segments make up 66.9% of American Express’s revenue. International Card Services grew 12.0% and is American Express’s Key Earnings Driver. Capital One grew fastest in the group at 29.4%.

Analyze Credit Cards →
Growth rank
#3 of 8
↑ 12.0% year on year in the reported segment
Size rank
#2 of 8
$13.14B segment revenue
Share of the combined segments
17.5%
of $75.12B across 8 companies that report one
Dependence on these segments
66.9%
of AXP’s total revenue

Who else sells Credit Cards

The revenue segment each company reports that contains this product. 8 companies.

CompanyQuarterRevenue segmentSegment revenue% of companyGrowth
JPMQ2 FY2026 · Jun 30, 2026Consumer & Community Banking$20.27B34.9%↑ 7.6%
AXPQ2 FY2026 · Jun 30, 2026U.S. Consumer Services$9.52B48.5%↑ 11.4%
AXPQ2 FY2026 · Jun 30, 2026International Card Services$3.62B18.4%↑ 12.0%
COFQ2 FY2026 · Jun 30, 2026Credit Card$11.77B74.2%↑ 29.4%
BACQ2 FY2026 · Jun 30, 2026Consumer Banking$11.34B35.7%↑ 4.8%
WFCQ2 FY2026 · Jun 30, 2026Consumer Banking and Lending$10.29B44.5%↑ 6.2%
CQ2 FY2026 · Jun 30, 2026U.S. Consumer Cards$4.52B18.3%↑ 1.1%
CQ2 FY2026 · Jun 30, 2026All Other$1.76B7.1%↑ 14.2%
USBQ2 FY2026 · Jun 30, 2026Payment Services$1.81B23.5%↑ 5.7%
GSQ2 FY2026 · Jun 30, 2026Platform Solutions$221M1.1%↓ 64.3%

Peer rank: year-on-year growth

Growth of the reported segment, latest quarter. A company with several segments shows its fastest.

COF
29.4%
C
14.2%
AXP
12.0%
JPM
7.6%
WFC
6.2%
USB
5.7%
BAC
4.8%
GS
64.3%

Concentration: share of company revenue

How much of each company’s total revenue sits in the segment above.

COF
74.2%
AXP
66.9%
WFC
44.5%
BAC
35.7%
JPM
34.9%
C
25.3%
USB
23.5%
GS
1.1%

Combined segment revenue

The 8 companies that report a segment for this product earned this in those segments in their latest quarters. It is the revenue of the whole reported segment, not of the product alone.

$75.12B

Coverage: Nasdaq 100 and S&P 100 companies mapped to Credit Cards (8 companies, 8 disclose a segment). Quarters differ by company; each row shows its own period end date.

Source: Revenue segments as reported in each company’s SEC filings. Products are mapped to segments from company pages.

Open the Credit Cards search →

Western Digital (NASDAQ: WDC) — Q1 FY2027 Pre Earnings

by
wdc q1 2027 pre-earnings finance note
What to watch
Hard Disk Drives is a Key Product of Western Digital

Hard Disk Drives sits within Western Digital’s Cloud and Client segments. The segments make up 95.0% of Western Digital’s revenue. Client grew 60.7% and is Western Digital’s Key Earnings Driver. Seagate grew fastest at 112.6%.

Analyze Hard Disk Drives →
Growth rank
#2 of 2
↑ 60.7% year on year in the reported segment
Size rank
#2 of 2
$3.56B segment revenue
Share of the combined segments
49.5%
of $7.19B across 2 companies that report one
Dependence on these segments
95.0%
of WDC’s total revenue

Who else sells Hard Disk Drives

The revenue segment each company reports that contains this product. 2 companies.

CompanyQuarterRevenue segmentSegment revenue% of companyGrowth
STXQ4 FY2026 · Jul 3, 2026OEMs$2.87B79.0%↑ 44.7%
STXQ4 FY2026 · Jul 3, 2026Distributors$572M15.8%↑ 112.6%
STXQ4 FY2026 · Jul 3, 2026Retailers$191M5.3%↓ 1.5%
WDCQ4 FY2026 · Jul 3, 2026Cloud$3.34B89.0%↑ 43.2%
WDCQ4 FY2026 · Jul 3, 2026Client$225M6.0%↑ 60.7%

Peer rank: year-on-year growth

Growth of the reported segment, latest quarter. A company with several segments shows its fastest.

STX
112.6%
WDC
60.7%

Concentration: share of company revenue

How much of each company’s total revenue sits in the segment above.

STX
100.0%
WDC
95.0%

Combined segment revenue

The 2 companies that report a segment for this product earned this in those segments in their latest quarters. It is the revenue of the whole reported segment, not of the product alone.

$7.19B

Coverage: Nasdaq 100 and S&P 100 companies mapped to Hard Disk Drives (2 companies, 2 disclose a segment). Quarters differ by company; each row shows its own period end date.

Source: Revenue segments as reported in each company’s SEC filings. Products are mapped to segments from company pages.

Open the Hard Disk Drives search →

Comcast (NASDAQ: CMCSA) — Q3 2026 Pre Earnings

by
Comcast cmcsa q3 2026 pre-earnings finance note
What to watch
Streaming Service is a Key Product of Comcast

Streaming Service sits within Comcast’s Domestic Advertising and Domestic Distribution segments. The segments make up 13.1% of Comcast’s revenue. Domestic Advertising grew 55.1%, the fastest in the group, and is Comcast’s Key Earnings Driver.

Analyze Streaming Service →
Growth rank
#1 of 7
↑ 55.1% year on year in the reported segment
Size rank
#7 of 7
$4.16B segment revenue
Share of the combined segments
4.5%
of $91.91B across 7 companies that report one
Dependence on these segments
13.1%
of CMCSA’s total revenue

Who else sells Streaming Service

The revenue segment each company reports that contains this product. 7 companies.

CompanyQuarterRevenue segmentSegment revenue% of companyGrowth
AAPLQ3 FY2026 · Jun 27, 2026Services$30.74B28.1%↑ 12.1%
AMZNQ2 FY2026 · Jun 30, 2026Subscription Services$13.73B6.8%↑ 12.5%
DISQ3 FY2026 · Jun 27, 2026Subscription and Affiliate Fees$7.55B29.2%↑ 11.5%
DISQ3 FY2026 · Jun 27, 2026Subscription and Affiliate Fees$3.14B12.2%↑ 8.4%
DISQ3 FY2026 · Jun 27, 2026Advertising$1.63B6.3%↓ 1.0%
DISQ3 FY2026 · Jun 27, 2026Advertising$1.20B4.7%↑ 4.9%
GOOGLQ2 FY2026 · Jun 30, 2026Google Subscriptions, Platforms and Devices$12.91B10.8%↑ 15.2%
NFLXQ2 FY2026 · Jun 30, 2026Total Revenue$12.56B100.0%↑ 13.4%
MELIQ2 FY2026 · Jun 30, 2026Commerce Services$4.30B42.3%↑ 42.0%
CMCSAQ2 FY2026 · Jun 30, 2026Domestic Advertising$2.16B6.8%↑ 55.1%
CMCSAQ2 FY2026 · Jun 30, 2026Domestic Distribution$1.99B6.3%↑ 22.1%

Peer rank: year-on-year growth

Growth of the reported segment, latest quarter. A company with several segments shows its fastest.

CMCSA
55.1%
MELI
42.0%
GOOGL
15.2%
NFLX
13.4%
AMZN
12.5%
AAPL
12.1%
DIS
11.5%

Concentration: share of company revenue

How much of each company’s total revenue sits in the segment above.

NFLX
100.0%
DIS
52.4%
MELI
42.3%
AAPL
28.1%
CMCSA
13.1%
GOOGL
10.8%
AMZN
6.8%

Combined segment revenue

The 7 companies that report a segment for this product earned this in those segments in their latest quarters. It is the revenue of the whole reported segment, not of the product alone.

$91.91B

Coverage: Nasdaq 100 and S&P 100 companies mapped to Streaming Service (7 companies, 7 disclose a segment). Quarters differ by company; each row shows its own period end date.

Source: Revenue segments as reported in each company’s SEC filings. Products are mapped to segments from company pages.

Open the Streaming Service search →

Tesla (NASDAQ: TSLA) — Q3 2026 Pre Earnings

by
tsla q3 2026 pre-earnings finance note
What to watch
Autonomous Driving is a Key Product of Tesla

Autonomous Driving sits alongside Electric Vehicles, EV Charging and Auto Insurance within Tesla’s Automotive segment. The segment is 88.9% of revenue, grew 27.4%, and is the largest in the group, almost 16 times Qualcomm’s. Nebius grew fastest at 400.0%.

Analyze Autonomous Driving →
Growth rank
#3 of 6
↑ 27.4% year on year in the reported segment
Size rank
#1 of 6
$25.10B segment revenue
Share of the combined segments
86.4%
of $29.06B across 6 companies that report one
Dependence on this segment
88.9%
of TSLA’s total revenue

Who else sells Autonomous Driving

The revenue segment each company reports that contains this product. 6 companies.

CompanyQuarterRevenue segmentSegment revenue% of companyGrowth
TSLAQ2 FY2026 · Jun 30, 2026Automotive$25.10B88.9%↑ 27.4%
QCOMQ3 FY2026 · Jun 28, 2026Automotive$1.59B16.0%↑ 61.4%
ARMQ1 FY2027 · Jun 30, 2026Royalty$715M55.5%↑ 22.2%
ARMQ1 FY2027 · Jun 30, 2026License and Other$574M44.5%↑ 22.6%
INTCQ2 FY2026 · Jun 27, 2026All Other$701M3.2%↓ 33.4%
GOOGLQ2 FY2026 · Jun 30, 2026Other Bets$382M0.3%↑ 2.4%
NBISQ2 FY2026 · Jun 30, 2026Avride$1.0M0.2%↑ 400.0%

Peer rank: year-on-year growth

Growth of the reported segment, latest quarter. A company with several segments shows its fastest.

NBIS
400.0%
QCOM
61.4%
TSLA
27.4%
ARM
22.6%
GOOGL
2.4%
INTC
33.4%

Concentration: share of company revenue

How much of each company’s total revenue sits in the segment above.

ARM
100.0%
TSLA
88.9%
QCOM
16.0%
INTC
3.2%
GOOGL
0.3%
NBIS
0.2%

Combined segment revenue

The 6 companies that report a segment for this product earned this in those segments in their latest quarters. It is the revenue of the whole reported segment, not of the product alone.

$29.06B

Coverage: Nasdaq 100 and S&P 100 companies mapped to Autonomous Driving (6 companies, 6 disclose a segment). Quarters differ by company; each row shows its own period end date.

Source: Revenue segments as reported in each company’s SEC filings. Products are mapped to segments from company pages.

Open the Autonomous Driving search →

Meta Platforms (NASDAQ: META) — Q3 2026 PRE EARNINGS

by
meta q3 2026 pre-earnings finance note
What to watch
Online Advertising is a Key Product of Meta

Online Advertising sits within Meta’s Advertising segment, 97.6% of revenue, which grew 27.5%, almost twice as fast as Alphabet’s, the only larger segment in the group. AppLovin grew fastest at 52.8%.

Analyze Online Advertising →
Growth rank
#6 of 11
↑ 27.5% year on year in the reported segment
Size rank
#2 of 10
$59.36B segment revenue
Share of the combined segments
29.7%
of $199.75B across 10 companies that report one
Dependence on this segment
97.6%
of META’s total revenue

Who else sells Online Advertising

The revenue segment each company reports that contains this product. 14 companies; 3 do not disclose a segment.

CompanyQuarterRevenue segmentSegment revenue% of companyGrowth
GOOGLQ2 FY2026 · Jun 30, 2026Google Advertising$81.63B68.1%↑ 14.4%
METAQ2 FY2026 · Jun 30, 2026Advertising$59.36B97.6%↑ 27.5%
AMZNQ2 FY2026 · Jun 30, 2026Advertising Services$19.81B9.9%↑ 26.2%
UBERQ2 FY2026 · Jun 30, 2026Mobility$7.36B51.9%↑ 1.0%
UBERQ2 FY2026 · Jun 30, 2026Delivery$5.25B37.0%↑ 27.9%
NFLXQ2 FY2026 · Jun 30, 2026Total Revenue$12.56B100.0%↑ 13.4%
DASHQ2 FY2026 · Jun 30, 2026Total Revenue$4.45B100.0%↑ 35.6%
MELIQ2 FY2026 · Jun 30, 2026Commerce Services$4.30B42.3%↑ 42.0%
SHOPQ2 FY2026 · Jun 30, 2026Merchant Solutions$2.78B77.6%↑ 37.4%
APPQ2 FY2026 · Jun 30, 2026Total Revenue$1.92B100.0%↑ 52.8%
BKNGQ2 FY2026 · Jun 30, 2026Advertising and Other$322M4.4%↑ 8.4%
PDDQ2 FY2026 · Jun 30, 2026Online Marketing Services and OthersRMB 57.64B51.3%↑ 3.5%
ADBEQ3 FY2026 · Aug 28, 2026Not disclosed by ADBE
PYPLQ2 FY2026 · Jun 30, 2026Not disclosed by PYPL
TTWOQ1 FY2027 · Jun 30, 2026Not disclosed by TTWO

Peer rank: year-on-year growth

Growth of the reported segment, latest quarter. A company with several segments shows its fastest.

APP
52.8%
MELI
42.0%
SHOP
37.4%
DASH
35.6%
UBER
27.9%
META
27.5%
AMZN
26.2%
GOOGL
14.4%
NFLX
13.4%
BKNG
8.4%
PDD
3.5%

Concentration: share of company revenue

How much of each company’s total revenue sits in the segment above.

NFLX
100.0%
APP
100.0%
DASH
100.0%
META
97.6%
UBER
88.8%
SHOP
77.6%
GOOGL
68.1%
PDD
51.3%
MELI
42.3%
AMZN
9.9%
BKNG
4.4%

Combined segment revenue

The 10 companies that report a segment for this product earned this in those segments in their latest quarters. It is the revenue of the whole reported segment, not of the product alone. 1 company reporting in another currency is left out of the total and the size rank.

$199.75B

Coverage: Nasdaq 100 and S&P 100 companies mapped to Online Advertising (14 companies, 11 disclose a segment). Quarters differ by company; each row shows its own period end date.

Source: Revenue segments as reported in each company’s SEC filings. Products are mapped to segments from company pages.

Open the Online Advertising search →

Capital One Financial (NYSE: COF) — Q3 2026 Pre Earnings

by
cof q3 2026 pre-earnings finance note
What to watch
Credit Cards is Capital One's leading product

Credit Cards sits within Capital One’s Credit Card segment, 74.2% of revenue, which grew 29.4%. No other company grew faster among the eight companies in the group, and Capital One depends on it more than any peer.

Analyze Credit Cards →
Growth rank
#1 of 8
↑ 29.4% year on year in the reported segment
Size rank
#3 of 8
$11.77B segment revenue
Share of the combined segments
15.7%
of $75.12B across 8 companies that report one
Dependence on this segment
74.2%
of COF’s total revenue

Who else sells Credit Cards

The revenue segment each company reports that contains this product. 8 companies.

CompanyQuarterRevenue segmentSegment revenue% of companyGrowth
JPMQ2 FY2026 · Jun 30, 2026Consumer & Community Banking$20.27B34.9%↑ 7.6%
AXPQ2 FY2026 · Jun 30, 2026U.S. Consumer Services$9.52B48.5%↑ 11.4%
AXPQ2 FY2026 · Jun 30, 2026International Card Services$3.62B18.4%↑ 12.0%
COFQ2 FY2026 · Jun 30, 2026Credit Card$11.77B74.2%↑ 29.4%
BACQ2 FY2026 · Jun 30, 2026Consumer Banking$11.34B35.7%↑ 4.8%
WFCQ2 FY2026 · Jun 30, 2026Consumer Banking and Lending$10.29B44.5%↑ 6.2%
CQ2 FY2026 · Jun 30, 2026U.S. Consumer Cards$4.52B18.3%↑ 1.1%
CQ2 FY2026 · Jun 30, 2026All Other$1.76B7.1%↑ 14.2%
USBQ2 FY2026 · Jun 30, 2026Payment Services$1.81B23.5%↑ 5.7%
GSQ2 FY2026 · Jun 30, 2026Platform Solutions$221M1.1%↓ 64.3%

Peer rank: year-on-year growth

Growth of the reported segment, latest quarter. A company with several segments shows its fastest.

COF
29.4%
C
14.2%
AXP
12.0%
JPM
7.6%
WFC
6.2%
USB
5.7%
BAC
4.8%
GS
64.3%

Concentration: share of company revenue

How much of each company’s total revenue sits in the segment above.

COF
74.2%
AXP
66.9%
WFC
44.5%
BAC
35.7%
JPM
34.9%
C
25.3%
USB
23.5%
GS
1.1%

Combined segment revenue

The 8 companies that report a segment for this product earned this in those segments in their latest quarters. It is the revenue of the whole reported segment, not of the product alone.

$75.12B

Coverage: Nasdaq 100 and S&P 100 companies mapped to Credit Cards (8 companies, 8 disclose a segment). Quarters differ by company; each row shows its own period end date.

Source: Revenue segments as reported in each company’s SEC filings. Products are mapped to segments from company pages.

Open the Credit Cards search →