Earnings Unscripted: Stock Earnings Calls & Analysis

Miro Benes
  • 5.0 (1)
  • Investing
  • Updated Daily

What companies say versus what the numbers show - in about ten minutes. Earnings Unscripted turns dense quarterly filings into sharp, entertaining conversations. Each episode, hosts Susie and Miro take one company's earnings report and dig past the headline beat: the brand-new non-GAAP adjustment quietly flattering EPS, the retention rate slipping beneath a big contract win, the one line on the call that tells you where things are actually headed. You get the essentials - revenue, earnings, margins, guidance, and the stock reaction - plus one deep dive into the most revealing detail most coverage misses. No jargon walls, no hour-long call replays, no filler. The show is an openly AI-assisted production: an experiment in whether synthetic voices, guided by human editorial judgment, can make financial filings genuinely fun to listen to. We think the answer is yes. You can judge for yourself. Want a ticker covered? Email earningsunscripted@datamadness.ca or reach us on X. New episodes each earnings season. Not financial advice - just two curious voices reading the footnotes so you don't have to.

  1. 4d ago

    Daily Earnings: Companies dumped their empty volume | UNH, UAL, NFLX, TSM | Jul 16

    Today’s earnings reports revealed a decisive corporate strategy shift away from pursuing empty growth, as management teams aggressively discarded mass-market scale to defend strict profit margins. - UNH deliberately dumped 1.1 million unprofitable Medicare Advantage customer lives. - UAL survived the quarter purely by surging its premium business-class revenue. - AI deployments at UnitedHealth instantly erased 69,000 human administrative hours. While enterprise software is finally generating massive, verifiable operational leverage, operators like TSM and United Airlines are actively colliding with unyielding physical ceilings governed by cement, real estate, and regulatory constraints.

  2. 4d ago

    Netflix (NFLX): Trading empty watch hours for live baseball [Q2 2026]

    Netflix widened operating margins to 33.4% in Q2 2026, but the stock still plunged as management officially buried total watch hours in favor of high-urgency live events. In ~10 minutes: • How a phantom tax bill crushed sequential free cash flow. • Generative AI actively slashing production costs across 300 titles. • Why a single baseball game outweighs hours of background cartoons. • Testing the return of global free trials for hesitant subscribers. Management admitted to explicitly deploying generative AI directly into the editing room to halve costs for complex VFX sequences. Meanwhile, as Wall Street gets cut off from frequent engagement metrics, investors are left to decipher if the push into ads and live sports will fully replace the vintage streaming playbook. Netflix (NFLX) | Q2 FY2026 AI-assisted production. Feedback/ticker requests: https://x.com/EarnUnscripted.

  3. 4d ago

    GE Aerospace (GE): Swallowing peak margin losses on early GE9X units [Q2 2026]

    GE Aerospace delivered a massive $3 billion in free cash flow and raised Q2 2026 guidance, but the stock sank as Wall Street punished snowballing supply chain delays and near-term margin pressure. In this episode: • Why shipping early, expensive GE9X engines actively compresses operating margins. • Deploying an AI middleman to intercept and consolidate chaotic factory demand signals. • Navigating a stubborn 20% sequential surge in spare part shipment delinquencies. • Why airlines are skipping LEAP durability retrofits to avoid 2026 shop waitlists. Despite physical capacity constraints acting as a governor on short-term output, management proved their lean operational strategy is working. The company completely stripped down its working capital requirements, padding the cash flow guide by another $650 million. Now, it’s an endurance test to reach the peak profitability crossover expected around 2028. GE Aerospace (GE) | Q2 FY2026 AI-assisted production. Feedback/ticker requests: https://x.com/EarnUnscripted.

  4. 4d ago

    UnitedHealth (UNH): The 'No Surprises' backfire & purging 1M members [Q2 2026]

    UnitedHealth Group's Q2 2026 results prove that intentionally shrinking your customer base can be highly profitable when ruthlessly protecting margins. In ~10 minutes: • Shedding 1.1M Medicare members to defend a 3% margin floor. • How the No Surprises Act is bleeding commercial health insurance. • Flipping internal prior-authorization AI into external SaaS revenue. • Doubling full-year stock repurchases to at least $5 billion. Despite stagnant revenue growth, UNH massively grew bottom-line EPS to $6.38 by aggressively optimizing its Medical Care Ratio (MCR) down to 86.7%. Even with a raised full-year guidance and an industry-shifting move toward 100% pass-through drug rebates, the market faded the stock's pre-market pop as Wall Street digests delayed commercial recoveries and regulatory headaches. 📉 UnitedHealth Group (UNH) | Q2 FY2026 AI-assisted production. Feedback/ticker requests: https://x.com/EarnUnscripted.

  5. 4d ago

    Taiwan Semiconductor (TSM): The $64B AI CapEx tsunami & peak margin reality [Q2 2026]

    Despite posting a massive 77% surge in net income for Q2 2026, Taiwan Semiconductor’s artificial profit boost couldn't hide the looming reality of a multi-billion dollar margin squeeze. In ~10 minutes: - Why the massive $64B CapEx budget is spooking Wall Street. - How a stealthy $2B stock sale artificially padded bottom-line growth. 📉 - The structural margin drag from the new 2nm node. - Why packaging capacity, not silicon, is bottlenecking global AI deployment. TSMC is essentially building the physical engine for the AI economy, but it’s coming at a punishing cost. Management confirmed a heavy margin tax is imminent as they scale operations in Arizona and bring the 2nm node online, explaining why investors sold the stock despite a staggering $40 billion revenue quarter. Taiwan Semiconductor Manufacturing Company Limited (TSM) | Q2 FY2026 AI-assisted production. Feedback/ticker requests: https://x.com/EarnUnscripted.

  6. 4d ago

    United Airlines (UAL): The $2.3B fuel shock & the era of gauge growth [Q2 2026]

    United Airlines just grew its Q2 2026 top-line revenue while eating a massive $2.3 billion mid-quarter spike in jet fuel costs. In ~10 minutes: • Repricing passenger tickets in real-time to survive cost inflation • Navigating the absolute FAA runway limits at Newark and O'Hare • Dropping the Boeing MAX 9 and pivoting to "gauge growth" • Quietly raising a $3.7 billion private debt war chest 🛫 Instead of breaking under unprecedented structural costs, United is relying heavily on premium cabin upgrades and its co-branded Chase card ecosystem to stay afloat while commodity carriers drown. But with that highly profitable banking partnership entering its "sunset phase," management is running on an accelerating treadmill to maintain its margins and manage real-time geopolitical variables. United Airlines Holdings, Inc. (UAL) | Q2 FY2026 AI-assisted production. Feedback/ticker requests: https://x.com/EarnUnscripted.

  7. 4d ago

    Daily Earnings: Physical & Behavioral Limits (ASML, JNJ) | Jul 15

    Today's batch of corporate earnings exposes the extreme operational workarounds companies are resorting to as their most critical growth engines collide with sudden physical and psychological limits. • ASML is physically pulling R&D prototypes from testing cabins to instantly generate active manufacturing space. • Extreme AI chip demand has entirely outpaced standard factory construction timelines for semiconductor equipment suppliers. • JNJ premium heart device revenues stalled simply because cautious doctors reacted to a small clinical study. Despite Johnson & Johnson easily outrunning a massive legacy patent cliff elsewhere in its portfolio, the market punished this highly localized behavioral freeze, proving that fundamental expansion for these massive conglomerates now hinges on raw boundaries entirely outside their direct control.

  8. 4d ago

    Johnson & Johnson (JNJ): Surviving a 56% drug crash & surgeons driving robots [Q2 2026]

    Johnson & Johnson successfully outran a massive patent cliff in Q2 2026, raising its full-year guidance to target a historic $100 billion annual revenue milestone. In ~10 minutes: • Explosive new drug launches offsetting a 56% STELARA crash • Why a single neutral UK trial froze Abiomed heart sales • Brute-force World Cup commercial blitzes for a psoriasis pill • Top surgeons physically test-driving the highly anticipated OTTAVA robot Despite beating top and bottom-line expectations, the stock suffered a steady earnings-day sell-off. We unpack the "behavioral" risk frictions in the MedTech division, China's ongoing volume-based procurement drags, and why the looming 2027 orthopaedics separation keeps Wall Street acting cautiously. Johnson & Johnson (JNJ) | Q2 FY2026 AI-assisted production. Feedback/ticker requests: https://x.com/EarnUnscripted.

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About

What companies say versus what the numbers show - in about ten minutes. Earnings Unscripted turns dense quarterly filings into sharp, entertaining conversations. Each episode, hosts Susie and Miro take one company's earnings report and dig past the headline beat: the brand-new non-GAAP adjustment quietly flattering EPS, the retention rate slipping beneath a big contract win, the one line on the call that tells you where things are actually headed. You get the essentials - revenue, earnings, margins, guidance, and the stock reaction - plus one deep dive into the most revealing detail most coverage misses. No jargon walls, no hour-long call replays, no filler. The show is an openly AI-assisted production: an experiment in whether synthetic voices, guided by human editorial judgment, can make financial filings genuinely fun to listen to. We think the answer is yes. You can judge for yourself. Want a ticker covered? Email earningsunscripted@datamadness.ca or reach us on X. New episodes each earnings season. Not financial advice - just two curious voices reading the footnotes so you don't have to.

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