👉 Oracle's $300B Deal With OpenAI

Together with XFunds

👉 Week in Review — Too Long; Didn’t Read:

This week, Charlie Kirk was tragically assassinated while hosting an event on a Utah college campus. Charlie was a man of faith, family, and deep love for his country. We mourn his loss, pray for his family, and affirm that violence is never the answer.

Key Earnings Announcements:

• Oracle’s remaining performance obligations grew to $455 billion.

• Kroger’s margins expanded absent their pharmacy business.

• Adobe’s AI-first / influencer revenue exceeded internal expectations.

Investor Events / Global Affairs:

• The IPO market just had its busiest week since 2021.

• The US and the UK announce an upcoming “landmark” tech agreement.

• Apple announced new product releases.

Economic Updates:

• Inflation for producers cooled.

• Inflation for consumers caused some concerns after rising more than expected.

Happy Sunday.

In case you’re new around here, I’m Austin Hankwitz — I’ve been publishing earnings analysis on publicly-traded companies for over half a decade. My podcast, Rich Habits, has hit #1 on Spotify’s Business Podcast chart four times since it’s inception only two years ago.

At the start of 2023, I began my journey of building a $2M Dividend Growth Portfolio from scratch. This twice-weekly newsletter is how I keep you all updated on my progress.

For me, early retirement means $2M invested. For you, it might mean something else. Regardless of your early-retirement number — I hope these weekly synopses of my portfolio progress + what’s been happening in the markets helps you on your own journey.

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👉 Portfolio Updates (YTD Performance):

The “Long Risky” subsection of the stock-only portfolio is officially up +40.8% year-to-date. The best-performing stock in that subsection is Astera Labs (ALAB). I’m up +244% of that position year-to-date. ALAB is one of four names up more than +100% year-to-date, and one of 14 names outperforming the S&P 500 and the Nasdaq-100.

The “Long Technology” subsection has finally caught up to the performance of the S&P 500 this year, catalyzed by Tesla stock nearing $400 / share again. Tesla remains the largest position in that subsection of the portfolio considering their progress with Robotaxis and humanoid robots. I firmly believe the company will become worth several trillion dollars over the coming decade.

The Dividend Growth Stock subsection is still -6% below the S&P 500’s performance year-to-date. This is largely due to the underperformance of a few names, notably FactSet Research (FSD).

The “Monthly Income” portfolio continues to trend in the right direction, capturing 95% of the total performance of their underlying indices when distributions are reinvested. Eager to see this subsection grow to $100K over the coming months and quarters.

My $165K Bitcoin position remains firmly in the green, as does my $110K Ethereum position. I’m eager to let these ride higher as we turn the calendar toward Q4.

👉 Key Earnings Announcements:

Oracle’s remaining performance obligations grew to $455 billion, Kroger’s margins expanded absent their pharmacy business, and Adobe’s AI-first / influenced revenue exceeded internal expectations.

• Oracle (ORCL)

Key Metrics

Revenue: $14.9 billion, an increase of +12% YoY

Operating Income: $4.2 billion, an increase of +7% YoY

Profits: $2.9 billion, flat YoY

Earnings Release Callout

“We signed four multi-billion-dollar contracts with three different customers in Q1. This resulted in RPO contract backlog increasing 359% to $455 billion. It was an astonishing quarter—and demand for Oracle Cloud Infrastructure continues to build. Over the next few months, we expect to sign-up several additional multi-billion-dollar customers and RPO is likely to exceed half-a-trillion dollars.

The scale of our recent RPO growth enables us to make a large upward revision to the Cloud Infrastructure portion of Oracle’s overall financial plan which we will be presenting in detail next month at the Financial Analyst Meeting. As a bit of a preview, we expect Oracle Cloud Infrastructure revenue to grow 77% to $18 billion this fiscal year—and then increase to $32 billion, $73 billion, $114 billion, and $144 billion over the subsequent four years. Most of the revenue in this 5-year forecast is already booked in our reported RPO. Oracle is off to a brilliant start to FY26.

My Takeaway

• Kroger (KR)

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