Consumer Discretionary

Aptiv's first quarter after spinning off its wiring-harness business into Versigent PLC: revenue up 2% and operating income up 13%, but currency supplied most of the margin gain, Intelligent Systems went backwards operationally, and free cash flow fell to $12 million.

AWS grew 36.8% to $42.2B — Amazon's fastest cloud growth in 18 quarters — while the $62.6B headline net income was driven mostly by a $50.5B non-cash markup on its Anthropic stake, and trailing free cash flow turned negative $7.6B on a 64% jump in capital spending.

Airbnb grew Q2 2026 revenue 17% to $3.61B and lifted operating margin to 21.0%, but 27% net income growth shrinks to about 15% once a one-off $77M tax benefit and a 4.6% smaller share count are stripped out.