The June watchlist has another earnings season behind it, so it is time to retire the June numbers. This October update follows seven companies across networking, chips, power and lithium. The common thread is investment in physical infrastructure; the risks are very different from one company to the next.
Here is what I am watching as of October 20, 2026. This is a research watchlist, not a ranked buy list or a recommendation that every reader should own these stocks. Results below are reported figures; outlooks are management forecasts dated to their releases. The original first-person position notes are retained separately from the updated financial analysis.
1. Arista Networks (ANET): Q2 Growth and the Margin Test
Arista’s August 4 Q2 2026 release reported revenue of $3.036 billion, up 37.7% year over year. GAAP diluted EPS was $0.95; non-GAAP