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%.
AMD stock dropped 8% in premarket trading on Wednesday despite reporting a 50% rise in Q2 revenue to $11.54 billion, as high investor expectations for AI stocks outweighed the beat.
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.
Disney reported mixed fiscal third-quarter results, surpassing Wall Street earnings expectations at $2.06 per share while slightly missing revenue estimates at $25.25 billion, driven by growth in its parks and streaming segments.
SpaceX shares fell nearly 9% in after-hours trading after its first earnings report revealed a net loss of $143m driven by a massive surge in artificial intelligence spending.
Pinterest shares fell 7% in extended trading after reporting Q2 earnings and revenue that beat expectations, but issued third-quarter sales guidance that met estimates.
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.
SpaceX reports Q2 2026 revenue of $7.8 billion, a 92% increase from Q2 2025, driven by Starlink's growth and new AI computing deals with Anthropic and Google, despite a $541 million loss.
Global markets rallied as Wall Street hit new record highs driven by strong AI earnings and oil prices fell to a three-week low on Middle East de-escalation hopes. Meanwhile, SpaceX reported its first public earnings with a surge in revenue and AI spending.
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.
An analysis of Tesla's quarterly earnings call transcripts reveals that Elon Musk now spends nearly 50% of his time discussing AI, robotaxis, and Full Self-Driving, pivoting away from traditional car manufacturing as core growth stalls.
Paramount Skydance raised its full-year 2026 guidance and beat Wall Street revenue expectations in Q2, posting $6.91 billion as streaming growth and cost-cutting offset linear TV declines.
In its first quarterly report since going public, SpaceX reported a revenue near-doubling to $7.8 billion but a $541 million loss due to heavy investments in Starlink, spacecraft development, and artificial intelligence.
Stock futures rose Tuesday as U.S.-Iran deal hopes boosted oil prices and strong earnings from companies like Palantir and Caterpillar lifted sentiment. DuPont shares fell despite positive results due to a soft outlook.
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.
BP reports quarterly profits more than doubling to $5.73bn, driven by rising oil and gas prices from the Middle East crisis, as new CEO Meg O'Neill plans a major company overhaul.
The U.S. reportedly sold euros instead of dollars to fund intervention bolstering the yen, aiming to protect sensitive Treasury markets. Meanwhile, Amazon hits a $3 trillion market cap, HSBC and Saudi Aramco post strong earnings, and Hugging Face CEO warns China is winning the AI race.
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%.
Snap reported Q2 revenue of $1.6 billion and 493 million daily active users, both beating analyst expectations, while its stock jumped 8% in extended trading.
Palantir options show heavy bullish activity before Monday earnings, with calls outnumbering puts and mirroring Microsoft’s recent rally, though some large bearish trades remain.
Tech giants Microsoft, Amazon, Alphabet boosted Q2 earnings with private AI investment gains from Anthropic, OpenAI, SpaceX, inflating S&P 500 growth; analysts say gains are one‑off and may reverse.
Rugby star Henry Pollock is expected to demand a significant pay raise, with agent Eddie Hearn suggesting a £1m annual salary. This demand poses a challenge for Northampton Saints due to the league's £6.4m salary cap and competition for marquee player status among their young talents.
SpaceX has lost over $500 billion in market cap since its June 12 trade, with its stock down over 50% from its high, ahead of its first public earnings report. Investors are focused on Starship development, AI strategy, and potential share dilution from expiring lock-up restrictions.
