GOOGL earnings 7/22 the GAAP number is going to look insane
A WSB poster argues that GOOGL's Q2 GAAP EPS will massively beat the $2.89 consensus estimate, potentially reaching $5-7, due to a $70B unrealized gain from Google's ~5-6% stake in SpaceX following its June 12 IPO. With SPCX closing at $170.86 on June 30, Google's SpaceX stake jumped from ~$40B to ~$113B, and this mark-to-market gain must now be reported through the income statement at face value for the first time as a tangible asset.
Why it matters: After taxes and share count, the gain could add ~$4.50 to EPS, but analysts exclude this below-the-line item from estimates since it's tied to a single closing price on one day and was historically downplayed by Google.
Intuitive maintains 13.5%-15.5% 2026 da Vinci procedure growth outlook while outlining 68%-69% non-GAAP gross margin range (NASDAQ:ISRG) - Seeking Alpha
Intuitive maintains 13.5%-15.5% 2026 da Vinci procedure growth outlook while outlining 68%-69% non-GAAP gross margin range (NASDAQ:ISRG) Seeking Alpha
Why it matters: RSS-imported item, awaiting editor or agent follow-up on market impact.