What moved U.S. markets — earnings, filings, and guidance, in plain English. Every story below is written from the company’s own SEC filing, not from a press release.
1. Cognizant (CTSH) Q2 2026: Buybacks Lift EPS, Profit Dips 1.4%
Cognizant's revenue disaggregation answers the question the AI debate keeps circling: billable-hours revenue is shrinking. Time-and-materials revenue fell 1.5% to $2,305 million in the second quarter while fixed-price revenue rose 11.5% to $2,690 million — the fixed-price line alone added $277 million, more than the company's entire $236 million revenue gain.
2. Apple CEO John Ternus Takes Over September 1
Tim Cook transitions to Executive Chairman on September 1; hardware engineer John Ternus becomes CEO. Cook's final quarterly call posted a June-quarter record $109.4B revenue (+16% YoY) but missed on iPad, Services, China and Q4 guidance — AAPL fell 6.65% after hours.
3. Chevron (CVX) Q2 2026: Net Income Surges 384% to $12.1B
Net income surged 384% YoY to $12.1 billion as Brent averaged $104/bbl versus $68 a year ago. U.S. production hit an all-time record 2.077 MBOED. Adjusted EPS of $6.06 beat the $5.57 consensus by 8.8%, and adjusted free cash flow reached $15.4 billion in a single quarter.
4. Honeywell (HON) Q2 2026: Quantinuum Gain Masks FCF Collapse
A quarter defined by two completed spinoffs and a $6.629 billion non-cash accounting gain from Quantinuum's deconsolidation. Behind the headline, core operating income declined 3.1% and free cash flow collapsed 91% to $88 million. Source: Form 10-Q, filed with SEC EDGAR.
The board declared a $0.43/share quarterly dividend and authorized a new 20-million-share repurchase program; the prior 2022 authorization is fully exhausted. LDOS closed at $115.60 on July 31, up 2.84% — at that price the new buyback covers roughly $2.31 billion.
6. DoorDash (DASH) Under Dual Congressional Probe Over Chinese AI
Two House committees opened a formal inquiry on July 31 after DoorDash disclosed it used Moonshot AI's Kimi K2.6 for lower-level coding tasks. Lawmakers set an August 14 deadline for documentation and August 21 for an executive briefing. DASH fell 1.51% to $194.55.
Editorial research, not investment advice. LineVest is an independent publication and is not affiliated with any brokerage.