What are some of the most important recent changes in U.S. GAAP Accounting Standards? Why is it important for public and private companies

Visa reported strong numbers for the first quarter of fiscal 2026, with GAAP net income rising 14% year over year to $5.9 billion, or $3.03 per share. Visa’s non-GAAP net income hit $6.1 billion, translating to $3.

We believe providing financial information with and without the income tax effects relating to our non-GAAP financial measures, as well as adjustments for valuation allowances on deferred tax assets, provides our management and users of the financial statements with better clarity regarding both current period performance and the on-going performance of our business.

SanDisk Corp (SNDK) reports a 31% sequential revenue increase, driven by strong demand in data centers and innovative product launches, while navigating supply constraints and competitive challenges.