Fewer U.S. guests are spending more per visit

Product renewal must lift demand without sacrificing margins

Growing payments and services must leave enough profit after customer incentives

EPYC and Instinct growth must justify bigger commitments

New medicines must keep replacing older sales

Fewer U.S. guests are spending more per visit

Product renewal must lift demand without sacrificing margins

Growing payments and services must leave enough profit after customer incentives

EPYC and Instinct growth must justify bigger commitments

New medicines must keep replacing older sales

Fewer U.S. guests are spending more per visit

Product renewal must lift demand without sacrificing margins

Growing payments and services must leave enough profit after customer incentives

EPYC and Instinct growth must justify bigger commitments

New medicines must keep replacing older sales

Technology comes first. Customer orders must follow.

Advertising demand is strong; cost conversion needs to improve

Operating progress must remain useful when price support fades

Processor strength, factory returns unresolved

Technology comes first. Customer orders must follow.

Advertising demand is strong; cost conversion needs to improve

Operating progress must remain useful when price support fades

Processor strength, factory returns unresolved

Technology comes first. Customer orders must follow.

Advertising demand is strong; cost conversion needs to improve

Operating progress must remain useful when price support fades

Processor strength, factory returns unresolved

Strong refining margins meet a smaller refinery base

Capacity-return inflection

Higher fees and lending income must outgrow costs and credit losses

Marketplace profits growing; expansion returns unproven

Strong refining margins meet a smaller refinery base

Capacity-return inflection

Higher fees and lending income must outgrow costs and credit losses

Marketplace profits growing; expansion returns unproven

Strong refining margins meet a smaller refinery base

Capacity-return inflection

Higher fees and lending income must outgrow costs and credit losses

Marketplace profits growing; expansion returns unproven

Search and Cloud must earn the growing computing commitment

Deeper adoption, durability unproven

Proven profits, open commitments

Search and Cloud must earn the growing computing commitment

Deeper adoption, durability unproven

Proven profits, open commitments

Search and Cloud must earn the growing computing commitment

Deeper adoption, durability unproven

Proven profits, open commitments

Existing businesses are funding an unproven AI expansion

Aircraft recovery still lacks durable returns

Price investment faces a durability test

Device sales are growing. Acquired diagnostics must earn their cost.

Rapid product growth must remain profitable and cash-generative

Existing businesses are funding an unproven AI expansion

Aircraft recovery still lacks durable returns

Price investment faces a durability test

Device sales are growing. Acquired diagnostics must earn their cost.

Rapid product growth must remain profitable and cash-generative

Existing businesses are funding an unproven AI expansion

Aircraft recovery still lacks durable returns

Price investment faces a durability test

Device sales are growing. Acquired diagnostics must earn their cost.

Rapid product growth must remain profitable and cash-generative

Networking profits are improving. Cash has not followed yet.

Other equipment markets must offset weak large agriculture

Device scale proven, Services profit case open

New transformation work must replace services technology displaces

Netflix must keep earning viewers' time profitably

Networking profits are improving. Cash has not followed yet.

Other equipment markets must offset weak large agriculture

Device scale proven, Services profit case open

New transformation work must replace services technology displaces

Netflix must keep earning viewers' time profitably

Networking profits are improving. Cash has not followed yet.

Other equipment markets must offset weak large agriculture

Device scale proven, Services profit case open

New transformation work must replace services technology displaces

Netflix must keep earning viewers' time profitably

Fewer U.S. guests are spending more per visit

Product renewal must lift demand without sacrificing margins

Growing payments and services must leave enough profit after customer incentives

EPYC and Instinct growth must justify bigger commitments

New medicines must keep replacing older sales

Fewer U.S. guests are spending more per visit

Product renewal must lift demand without sacrificing margins

Growing payments and services must leave enough profit after customer incentives

EPYC and Instinct growth must justify bigger commitments

New medicines must keep replacing older sales

Fewer U.S. guests are spending more per visit

Product renewal must lift demand without sacrificing margins

Growing payments and services must leave enough profit after customer incentives

EPYC and Instinct growth must justify bigger commitments

New medicines must keep replacing older sales

Technology comes first. Customer orders must follow.

Advertising demand is strong; cost conversion needs to improve

Operating progress must remain useful when price support fades

Processor strength, factory returns unresolved

Technology comes first. Customer orders must follow.

Advertising demand is strong; cost conversion needs to improve

Operating progress must remain useful when price support fades

Processor strength, factory returns unresolved

Technology comes first. Customer orders must follow.

Advertising demand is strong; cost conversion needs to improve

Operating progress must remain useful when price support fades

Processor strength, factory returns unresolved

Strong refining margins meet a smaller refinery base

Capacity-return inflection

Higher fees and lending income must outgrow costs and credit losses

Marketplace profits growing; expansion returns unproven

Strong refining margins meet a smaller refinery base

Capacity-return inflection

Higher fees and lending income must outgrow costs and credit losses

Marketplace profits growing; expansion returns unproven

Strong refining margins meet a smaller refinery base

Capacity-return inflection

Higher fees and lending income must outgrow costs and credit losses

Marketplace profits growing; expansion returns unproven

Search and Cloud must earn the growing computing commitment

Deeper adoption, durability unproven

Proven profits, open commitments

Search and Cloud must earn the growing computing commitment

Deeper adoption, durability unproven

Proven profits, open commitments

Search and Cloud must earn the growing computing commitment

Deeper adoption, durability unproven

Proven profits, open commitments

Existing businesses are funding an unproven AI expansion

Aircraft recovery still lacks durable returns

Price investment faces a durability test

Device sales are growing. Acquired diagnostics must earn their cost.

Rapid product growth must remain profitable and cash-generative

Existing businesses are funding an unproven AI expansion

Aircraft recovery still lacks durable returns

Price investment faces a durability test

Device sales are growing. Acquired diagnostics must earn their cost.

Rapid product growth must remain profitable and cash-generative

Existing businesses are funding an unproven AI expansion

Aircraft recovery still lacks durable returns

Price investment faces a durability test

Device sales are growing. Acquired diagnostics must earn their cost.

Rapid product growth must remain profitable and cash-generative

Networking profits are improving. Cash has not followed yet.

Other equipment markets must offset weak large agriculture

Device scale proven, Services profit case open

New transformation work must replace services technology displaces

Netflix must keep earning viewers' time profitably

Networking profits are improving. Cash has not followed yet.

Other equipment markets must offset weak large agriculture

Device scale proven, Services profit case open

New transformation work must replace services technology displaces

Netflix must keep earning viewers' time profitably

Networking profits are improving. Cash has not followed yet.

Other equipment markets must offset weak large agriculture

Device scale proven, Services profit case open

New transformation work must replace services technology displaces

Netflix must keep earning viewers' time profitably