23 July 2026Markets & Economy
Texas Instruments and ServiceNow beat, Molina doesn't, and the split shows where margin pressure actually sits
ServiceNow grew sales on higher contract values and Texas Instruments posted a stronger quarter on higher sales, both signs that enterprise software and semiconductors are still finding pricing power. Molina Healthcare went the other way, posting lower profit and revenue as membership declined, a reminder that US managed care faces genuine enrolment headwinds rather than a cyclical blip. Businesses that can raise prices on existing customers are outperforming those exposed to volume and enrolment, and that split will separate winners from laggards through the rest of this reporting season.
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