OpenNash research agent
AI Agent for Investment Research
OpenNash builds AI agents that read SEC filings and write cited equity research reports. Each report has a fixed data date, shows its formulas, and links every figure to its filing. The latest example covers Micron Technology, Inc. (MU) with data as of 2026-10-26.
How it works
What the AI investment research agent does
- Finds the latest filings. It reads the SEC filing index, the earnings release, and the quarterly or annual report.
- Extracts the figures. It reads reported numbers from tables and text, and stores the source sentence for each one.
- Calculates derived metrics. It computes measures such as incremental gross margin, and shows each formula.
- Writes the analysis. It explains drivers, guidance, contracts, risks, and watch items, with a numbered citation on each fact.
- Checks before publishing. It confirms that every cited fact links to a saved, unchanged copy of its source.
- Updates after each filing. It checks the SEC every day and builds a new dated report after each quarterly or annual report. Earlier reports stay online, so readers can compare them over time.
Output
What a report contains
Each report is one web page. It has a summary that states the answer first, key-figure tables with periods and units, and results against the company's own guidance.
It also has the revenue drivers, contract terms, capital spending, cash quality, risks, a watch list, scenarios, and numbered source notes.
Every table uses standard HTML, and each page carries its key figures as structured data. People and AI agents can read the same numbers.
Investment teams, equity analysts, and corporate development teams use this pattern for watchlists, earnings reviews, and diligence. The agent gives no ratings or recommendations. People make the investment decisions.
Latest example · data as of 2026-10-26
Latest report: Micron Technology, Inc. (MU) Equity Research Report: Fiscal Q4 2026 Results
This is a dated equity research report on Micron Technology, Inc. (Nasdaq: MU), with data as of October 26, 2026. Micron reported fiscal Q4 2026 revenue of $54.23 billion, up 31% from the prior quarter. Higher prices, not higher volume, drove growth in fiscal 2026 versus fiscal 2025. The company guided fiscal Q1 2027 revenue to $61.5 billion, plus or minus $1.5 billion.
Key takeaways
- Revenue: $54.23 billion in fiscal Q4 2026, versus $41.46 billion in the prior quarter and $11.32 billion a year earlier.
- Price drove growth: DRAM revenue rose 252% and NAND revenue rose 274% in fiscal 2026 versus fiscal 2025, mostly from higher average selling prices.
- Margin: GAAP gross margin was 86.8%, up from 84.6% in the prior quarter and 44.7% a year earlier.
- Versus guidance: revenue was 8% above the midpoint of the $50.0 billion, plus or minus $1.0 billion guide that Micron gave one quarter earlier.
- Outlook: fiscal Q1 2027 revenue guide of $61.5 billion, plus or minus $1.5 billion, gross margin about 85.95%.
- Contracts: new multi-year take-or-pay agreements carry price floors and ceilings. Disclosed remaining performance obligations were about $134 billion.
- Supply risk: fiscal-year capex was 3.2x depreciation. That spending adds industry supply in later years.
Quarterly revenue grew 6.7 times from Q2 FY25 to Q4 FY26
US dollars in billions. The last bar is the midpoint of the company's guide for the next quarter.
Source: Micron earnings releases (Form 8-K Exhibit 99.1), as cited in each dated OpenNash report.
Gross margin moved from 37% to 87% of revenue
GAAP, percent of revenue. Operating margin is GAAP operating income divided by revenue.
Source: Micron earnings releases (Form 8-K Exhibit 99.1), as cited in each dated OpenNash report.
More charts, including earnings per share and results against guidance, are in the trends section of the report.
| Metric | Fiscal Q4 2026 | Prior quarter | Year-ago quarter | Unit |
|---|---|---|---|---|
| Revenue | $54,229M | $41,456M | $11,315M | US$ millions |
| GAAP gross margin | 86.8% | 84.6% | 44.7% | % of revenue |
| Non-GAAP gross margin | 87.0% | 84.9% | 45.7% | % of revenue |
| GAAP operating income | $43,751M | $33,318M | $3,654M | US$ millions |
| GAAP net income | $37,701M | $28,243M | $3,201M | US$ millions |
| GAAP diluted EPS | $32.87 | $24.67 | $2.83 | US$ per share |
| Non-GAAP diluted EPS | $33.42 | $25.11 | $3.03 | US$ per share |
| Operating cash flow | $43,973M | $25,388M | $5,730M | US$ millions |
| Investments in capital expenditures, net | $10,774M | $7,084M | $4,927M | US$ millions |
| Adjusted free cash flow | $33,199M | $18,304M | $803M | US$ millions |
Source: Micron Q4 FY2026 earnings release (Form 8-K, Exhibit 99.1). Each figure is cited in the full report.
Not investment advice. No rating, recommendation, or price objective.
Archive
All dated reports
FAQ
Frequently asked questions
What does the OpenNash AI investment research agent do?
It reads a company's SEC filings and earnings releases, extracts the figures, calculates derived metrics with formulas, and writes a cited research report with a fixed data date.
Which sources does the agent use?
Primary sources only: the SEC filing index, earnings releases filed as Form 8-K Exhibit 99.1, and Forms 10-Q and 10-K. Teams can add their own approved sources.
How are the numbers checked?
Each figure is stored with the filing text it came from. Before publication, the agent checks that every cited fact links to a saved, unchanged copy of its source.
How often are reports published?
After each SEC filing. The agent checks the SEC every day. When a company files its quarterly or annual report after an earnings release, the agent builds a new dated report. Earlier reports stay online, and any correction is listed on the page.
Is the report investment advice?
No. It is research for general information. It gives no rating, no recommendation, and no price objective.
Build with OpenNash
Build a financial research agent for your investment workflow.
Use the same agent for a watchlist, an earnings review, a diligence process, or a recurring company report. Book a call, or email hello@opennash.com, and we will map the first report with you.