Q2 2026 earnings season has started, and it opened with a bang: IBM (IBM) dropped 25% in a single day. We dig into why, and land on an uncomfortable answer — it isn&#x27;t the technology that keeps failing this company, it&#x27;s the culture. From there we work through the reports that matter for dividend growth investors. RELX (RELX.L) and Wolters Kluwer (WKL.AS) keep growing while everyone insists AI will erase them. Texas Instruments (TXN) looks like its capex super-cycle is finally turning. TotalEnergies (TTE) delivers a masterclass in paying down debt. Nestlé (NESN.SW) drops 8%. CME Group (CME) shows what happens when volatility fades. And Novo Nordisk (NVO) squares up to Eli Lilly (LLY) in court over GLP-1 marketing. Then it&#x27;s over to you. We answer listener questions on what we&#x27;d buy in a 30% sell-off, preference shares, Terry Smith selling Wolters Kluwer, the new Amundi all-world SCHD-style UCITS ETF, small-cap dividend payers like Defama (DEF.DE) and Chesnara (CSN.L), and what life actually looks like once the dividends cover the bills. This podcast is for entertainment only and is not financial advice. Read more at https://dividendtalkpodcast.com Want deeper analysis, ad free episodes and more? Check out our premium service for €129 at ⁠dividendtalk.eu⁠Want to talk more about dividends and investing in general?Join the conversation in our community:Discord: ⁠https://discord.gg/xfS35ufm6H⁠<br>Facebook: ⁠https://www.facebook.com/groups/dividendtalk⁠X (Twitter): ⁠https://x.com/European_DGI

Q2 2026 Earnings Season: IBM Crashes, TotalEnergies Shines | EP 304

Dividend Talk

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[SPEAKER_C] Welcome to the Dividend Talk Podcast, episode 304. Q2 earnings season has started. This week, earnings is back, and we take a look at 5 companies from across Europe and the US. For the news of the week, we also take a look at Legal General's new ETF, We look at why IBM's share price has dropped significantly, and also how Novo Nordisk are fighting back with Eli Lilly. As always, we answer questions from our community, and if you would like to join our community, then feel free to join us on Facebook or Discord. But with that said, we will see you on the inside. Hey, European DGI. I mean, it feels like forever since we last sat down.

Q2 2026 Earnings Season: IBM Crashes, TotalEnergies Shines | EP 304

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Q2 2026 Earnings Season: IBM Crashes, TotalEnergies Shines | EP 304

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.