Intraday Research Brief · Q3 2026 edition

Margins fell at 31 S&P 500 companies last quarter, and their shares rose anyway. Which ones?

Enter your email address and we'll show you the 31 companies whose operating margin came in below the same quarter a year earlier, while their share price rose over those same twelve months.

Every figure is read from the company's own filing with the SEC, and the accession number is printed beside each row, so you can check any of them against the source document.

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The Divergence ListQ3 2026 edition
CompanyOperating marginChangeShare price
PANW19.6% → 5.0%−14.6 pt+91%
QCOM26.6% → 16.3%−10.3 pt+16%
AKAM14.5% → 7.3%−7.2 pt+48%
Source: each company's SEC filing+28 more in the full list
Source
Company filings with the SEC
Screened
S&P 500, every issuer that filed
Published
Quarterly, after results are filed

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The front page is public: the method, the sourcing, and the first 8 names with their figures.

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Disclosure

The Intraday is a financial data and research publisher. It is not an investment adviser, broker-dealer, or financial planner, and nothing it publishes is a recommendation to buy or sell any security, or advice about the suitability of any investment for any person.

Figures are taken from companies' own filings with the Securities and Exchange Commission and are labelled with their fiscal period. Filings are restated and amended; derived figures such as margins and growth rates are calculated by us from those filings. Past reported results say nothing about future results.