Enhanced Group, the company behind the controversial drug-permitting Enhanced Games, reported a net loss of nearly $62 million in its second-quarter earnings report, casting doubt on the event's future.
Target reported strong fiscal second-quarter earnings, beating Wall Street estimates with 3.8% comparable sales growth and raising its full-year guidance, bolstered by a $752 million net earnings boost from tariff refunds.
Target reported a 5.3% increase in net sales for the second quarter, exceeding Wall Street expectations. The results were bolstered by $752 million in tariff refunds, prompting the retailer to raise its full-year earnings and sales growth outlook.
SpaceX reported a 92% revenue jump to $7.81bn in its first Q2 earnings since going public, beating Wall Street expectations while posting a $541m loss.
Restaurant Brands International reported Q2 earnings of $1.07 per share adjusted on $2.52 billion in revenue, beating analyst expectations. Strong performance was driven by Burger King's domestic and international growth, offsetting struggles at Popeyes and Tim Hortons.
Uber reported second-quarter profit matching estimates and revenue just shy of expectations, but its third-quarter bookings and earnings forecast trailed analyst projections, causing shares to drop about 3.5%.
Eli Lilly reported Q2 earnings and revenue that beat estimates, driven by surging demand for weight loss drug Zepbound and diabetes treatment Mounjaro, while raising its full-year sales outlook.
Palantir stock surged 29.5% after reporting a 93% increase in Q2 revenue to $1.94 billion, fueled by strong commercial and government demand for AI sovereign tools.
During its Q2 earnings call, Spotify teased an upcoming AI product for fan-made music covers and remixes, announcing that independent label partner Merlin has joined Universal Music Group in the initiative.
Advanced Micro Devices reported Q2 earnings exceeding expectations with $11.54 billion in revenue, driven by a 107% annual increase in Data Center sales. Despite strong results and upbeat guidance, the stock slumped in extended trading.
Palantir's stock jumped 27% after reporting a 93% revenue growth to $1.94 billion in Q2, driven by demand for AI sovereignty tools, beating LSEG estimates of $1.8 billion.
Palantir reported Q2 revenue of $1.94 billion, beating estimates of $1.80 billion, driven by surging commercial revenue. The company raised its full-year guidance, sending its stock up 12%.
Ferrari exceeded Q2 earnings and revenue estimates, prompting an increase in its 2026 financial guidance. CEO Benedetto Vigna cited sustained personalization trends and resilient demand, with the order book full through 2027, leading to a more than 2% rise in shares.
Eaton reported record Q2 revenue of $8.53 billion and adjusted EPS of $3.15, exceeding analyst estimates, driven by robust demand for AI data center solutions and a larger-than-expected contribution from the Boyd Thermal acquisition. The power management company raised its full-year sales and EPS guidance, reinforcing confidence in its growth trajectory.
Meta's stock tumbled nearly 8% after its Q2 earnings missed expectations, despite CEO Mark Zuckerberg's AI optimism. The company also raised expense forecasts, partly due to $2.4bn in legal charges from lawsuits alleging harm to children.
UPS reported Q2 earnings of $1.76 per share (adjusted), beating expectations, and raised its 2026 outlook to $91.2 billion in revenue and $7.22 in adjusted EPS. Despite this, shares fell 6% as the company forecast flat domestic Q3 revenue due to seasonal decline and post-Amazon operational adjustments.
PayPal reports Q2 earnings of $1.26 per share, below estimates, with revenue up to $8.68 billion. Strategy focuses on stablecoins, AI-driven payments, and expanded payment network capabilities.
Tesla's stock plunged 13.5% after its Q2 earnings missed analyst expectations, revealing lower-than-anticipated profitability and negative free cash flow due to heavy investments in Robotaxi and Optimus, impacting the broader "Magnificent Seven" tech stocks.
Tesla's Q2 pretax results were impacted by a $112 million unrealized loss from its digital assets due to a crypto market slump, reducing earnings for common stockholders by $0.02 per diluted share. The carrying value of digital assets fell to $674 million.
Alphabet reported record Q2 revenue of $119.8 billion, a 24% increase, driven by strong AI product adoption across Search, YouTube, and Google Cloud. The Gemini app reached 950 million users, and Search AI Mode surpassed 1 billion monthly users, showcasing AI's central role in Google's business.
IBM reported weaker Q2 earnings and lowered its 2026 revenue growth forecast to 4-5% from over 5%, despite an earlier warning. The company aims for higher productivity and free cash flow, but Z mainframe sales underperformed, causing a record stock drop.
Tesla reported weaker-than-expected Q2 earnings per share despite revenue topping estimates, causing its stock to slide. The company faces rising operating costs due to AI and R&D investments, a strategic shift towards Robotaxi and Optimus robots, and increased competition from Chinese EV makers.
Capital One Financial reported strong second-quarter results, surpassing analyst expectations for both revenue and adjusted EPS, driven by non-interest income growth. Despite the positive performance, the company faces investor impatience regarding the tangible benefits and expense synergies from its Discover and Brex acquisitions.
Tesla faces increasing challenges despite strong Q2 delivery figures, with fundamental headwinds, competitive pressure, and high valuation expectations suggesting downside risks ahead of its second-quarter earnings report on Wednesday. The stock retreated after delivery figures beat consensus.
