Earnings are great; Free cash flow? Not so much"
Source: BofA, zerohedge
Coreweave $CRWV reported Q2 earnings yesterday after the close
- Revenue of $2.58B beating expectations of $2.56B 🟢 (up from $1.212B in the same period last year) - Adjusted operating income of $128M beating expectations of $66.6M 🟢 - Adjusted EBITDA margin of 59%, above expectations of 55.4% 🟢 Net loss of $626M, widening from a $290M net loss in the same period last year CoreWeave said its revenue backlog was now $104 Billion. Stock is up +8% after-hours Source: Wolf_Financial, Evan
Palantir $PLTR was up 7% after market as they beat earnings estimates.
$PLTR Q2 visualized: • Revenue: $1.94B (+93%) • Gross profit: $1.64B (+101%) • Cost of revenue: $0.29B (+254%) • Net income: $1.06B (+225%) Source: Russ Faigen
APPLE $AAPL IS DOWN NEARLY 8% AFTER HOURS DESPITE BEATING ON REVENUE AND EPS
The quarter itself was strong: • Revenue: $109.42B, beating expectations of $108.65B • EPS: $2.02, beating expectations of $1.89 • iPhone revenue: +22% Y/Y, its best growth in years The guidance may be what sold off: • September quarter revenue guided to 9%-11% growth, a slowdown from Q3's 16% • Gross margin guided down to 47%-48% from the 50.1% just reported • Services missed expectations, and Greater China came in below estimates Apple came into the print at 35x forward earnings, well above its 5-year average of 28, and up 22% YTD. At that valuation, a beat wasn't enough. Source: WOLF
$AMZN Q2 earnings blew past Wall Street's expectations with strong AWS revenue. Stock is up nearly +10% after-hours
Source: Yahoo Finance
Earnings are out: $MSFT +8pct after-hours, $META -8pct after-hours
Microsoft beat on the top line and saw a gain from its Anthropic stake. The software company’s Azure cloud business now exceeds $100 billion. Customers other than large model builders helped to expand Microsoft’s backlog. Meta shares dropped after the company reported second-quarter earnings that missed on earnings per share. The company’s revenue forecast also came in light. Meta narrowed its guidance for capital expenditures, keeping the top end of the range. Source: Stocktwits
SK Hynix posted record Q2 earnings but still missed expectations.
- Revenue: ₩79.3T vs ₩80.9T (+257% YoY) - Operating profit: ₩60.5T vs ₩64.0T (+557% YoY) - Net profit: ₩93.9T (+1,242% YoY) Record revenue was driven by strong AI memory demand and higher DRAM and NAND prices. A large portion of net profit came from ₩63.3 trillion in investment-related gains, including gains on investment assets, rather than from its core semiconductor business. SK Hynix crashed -10% after the results and is now down -53% from its all-time high. Source: Bull Theory
Intel reported better-than-expected second-quarter results on Thursday
Notching its fastest revenue growth rate for any quarter since 2011 and issuing guidance that topped expectations. The stock rose about 4% in extended trading. Intel shares are up over 170% so far in 2026 as of Thursday’s close after soaring 84% last year, when the U.S. government took a 10% stake in the company as part of an effort to support U.S. chip manufacturing. However, the stock has been in a slump more recently, dropping 28% in July. $INTC Intel Q2 FY26: • Revenue +25% Y/Y to $16.1B ($1.7B beat). • Non-GAAP EPS $0.42 ($0.20 beat). Q3 FY26 Guidance: • Revenue ~$15.8-16.8B ($1.2B beat). • Non-GAAP EPS $0.38 ($0.10 beat). Source: App Economy Insights, CNBC
