Samsung Electronics reported a record quarterly operating profit and revenue for the second quarter of 2026, driven by surging demand for AI server chips — even as its mobile and networks business swung to an operating loss. The company posted operating profit of 89.5 tril
Quick Read - Zuckerberg raised Meta's 2026 capex floor to $130 billion, but shares fell 8% after hours as profits shrank and investors demand visible returns. - Meta's debt surged 42% in one quarter to $84 billion, with an estimated $420 billion more in off-balance-sheet data...<
If ever a new product range was an example of a solution to a problem that does not exist, X Money is it. Elon Musk threatened, I should probably say promised, a banking tool linked to X, way back in 2022, when he paid a ridiculous amount of money to acquire Twitter <p
Sphere Entertainment reported Q2 revenue of $313.6 million, exceeding analyst expectations of $307.4 million. Sphere Entertainment (SPHR) surpassed Wall Street’s second-quarter revenue forecasts, posting $313.6 million in sales. The company reported a loss of $1.07 per sha
Markets fell after the Federal Reserve held rates steady, defying expectations for a hike, while Microsoft shares surged on strong quarterly results. US stocks declined as investors grappled with the Federal Reserve’s decision to maintain interest rates, despite a 30% mark
The drugmaker raised its full-year revenue and profit forecasts after Q2 results exceeded Wall Street estimates. Bristol Myers Squibb increased its 2026 revenue and earnings guidance after second-quarter results surpassed expectations. Revenue rose 6% year-over-year to $12
Saia press release (SAIA): Q2 GAAP EPS of $3.51 beats by $0.14. - Revenue of $956.5M (+17.1% Y/Y) in-line. - Operating income was $125.2 million, a 26.0% increase - Operating ratio of 86.9% compared to 87.8% - LTL shipments per workday increased 4.4% - LTL
Intercontinental Exchange press release (ICE): Q2 Non-GAAP EPS of $1.90 beats by $0.06. - Revenue of $2.67B (+5.1% Y/Y) beats by $50M. - Board approved increase in share repurchase authorization up to $4.0 billion, effective July 1, 2026 - Updated Financial Guidance
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Builders FirstSource press release (BLDR): Q2 GAAP EPS of -$0.04 misses by $0.79. - Revenue of $3.86B (-8.1% Y/Y) misses by $60M. - Net sales were $3.9 billion, a decrease of 8.8%, primarily due to a lower housing starts environment and related headwinds. The decline refle
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