Topic: #earnings
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Asbis leans on NVIDIA-heavy AI server sales after reported 476% share rise
Cyprus-based IT distributor Asbis Enterprises is steering toward data centers and AI infrastructure, Crypto Briefing reported, with NVIDIA GPU servers making up about 80% of its server sales.
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TSMC Q3 revenue tops guidance at NT$1.49 trillion as AI chip demand holds
TSMC reported Q3 2026 revenue of NT$1.49 trillion (about $46.71 billion), up 50% year over year, above its own guidance and the LSEG SmartEstimate. Q3 profit is forecast at around NT$740.8 billion.
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Microsoft's Azure grew 43% in fiscal Q4 2026 as AI capex hit $41 billion
Microsoft's fiscal Q4 2026 results, released July 29, showed Azure growth speeding up to 43% while quarterly capital spending reached about $41 billion and Microsoft Cloud gross margin slipped to 65%.
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Samsung Q3 profit forecast near nine-fold jump on AI memory chip demand
Analysts expect Samsung to report about 106.1 trillion won in Q3 operating profit, nearly nine times last year's 12.17 trillion won, on AI memory demand. That's according to Crypto Briefing. Preliminary guidance is due October 8.
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Foxconn Q3 revenue hits NT$3.03 trillion, up 47% on AI server demand
Foxconn reported third-quarter 2026 revenue of NT$3.03 trillion (about US$95.4 billion), up 47% year-on-year and ahead of estimates, as AI servers kept driving its cloud and networking segment.
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Metaplanet CEO Surrenders $220M Stock Rights to Rebuild Trust
Metaplanet announced a reset of its Series 10 stock acquisition rights on September 11, eliminating $220 million in warrant value and canceling 131.3 million potential shares as the Tokyo-listed Bitcoin treasury company realigns executive compensation with shareholder interests.
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Oracle's $638B AI backlog offset by $129.5B debt, credit downgrade
Oracle's fiscal 2026 results revealed a $638 billion AI backlog but also $129.5 billion in debt, negative free cash flow, and a credit downgrade to BBB-, raising questions about whether cloud revenue growth can service the company's mounting liabilities.
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Strive's preferred-share issuance adds $12M to annual dividend burden
Bitcoin treasury company Strive increased its annualized preferred-dividend obligation by roughly $12 million in a single week after issuing 921,511 new SATA preferred shares to fund Bitcoin purchases. The company now holds 24,531 BTC.
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GLOBALFOUNDRIES surges on robust CID growth and inaugural dividend
GLOBALFOUNDRIES reported Q2 2026 revenue of $1.786 billion and announced its first quarterly dividend of $0.12 per share, committing to return up to 50% of free cash flow to shareholders as its data center segment grew 62% year-over-year.
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BSTR Bitcoin Treasury Deal Ends, Leaving $15M Payment Obligation
Adam Back's BSTR abandoned its plan to go public as a Bitcoin treasury company through Cantor Equity Partners I, but the collapse leaves a $15 million cash obligation due in two tranches by September 19 and December 1, with a narrow seven-day grace period before legal protections expire.
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Alibaba Cloud Revenue Surges 45%, AI Gains Offset by 75% CapEx Jump
Alibaba reported fiscal first-quarter revenue of 268.95 billion yuan (roughly $40 billion), up 9% year-over-year—the fastest growth in three years—driven by 45% acceleration in cloud and triple-digit AI product gains. Yet a 75% jump in capital expenditure and a cash flow reversal sent net income down sharply, extending a run of profit misses.
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Greenlane's $70M BERA bet crashes 77%, threatens Nasdaq delisting
Nasdaq-listed Greenlane Holdings faces potential delisting after its altcoin treasury plummeted to $16.4 million from a $70.2 million cost basis, while a stayed SEC rule could impose a $5 million market-value threshold with no standard cure period.
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Nebius stock surges on 454% revenue growth; BofA raises target to $310
Bank of America hiked its Nebius price target from $280 to $310 following the company's Q2 earnings, which showed $582.3 million in revenue—a 454% year-over-year jump. The stock closed at $259.20, leaving room to the new target, but contrarian investor Michael Burry has increased his short position, highlighting divergent market views on the AI infrastructure play.
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Palantir posts 93% Q2 revenue growth, raises 2026 guidance on AI surge
Palantir Technologies reported Q2 revenue of $1.935 billion, beating expectations by $134 million and driving shares up 13% in after-hours trading. The company raised full-year 2026 guidance to $8.15–$8.16 billion on surging AI-integrated solutions demand.
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MicroStrategy Posts $8.2B Loss as Bitcoin Falls 14%; Saylor Eyes Purchases
MicroStrategy reported a $8.22 billion net loss in Q2 2026 after Bitcoin fell 14%, but chairman Michael Saylor's cryptic "Bitcoin Drive engaged" message hints the company may resume major purchases using its $3.225 billion cash reserve.
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Robinhood slides 4% despite earnings beat as crypto revenue cools
Robinhood reported record revenue of $1.31 billion and beat earnings expectations, but shares fell 4% after-hours as crypto trading revenue declined 38% year-over-year to $100 million, though gains in options, equities and prediction markets offset the slowdown.
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Coinbase Q2 earnings: Wall Street cuts forecasts as trading volumes fall
Spot trading volumes fell sharply in the second quarter as crypto prices declined, prompting analysts at Barclays, Benchmark, Clear Street and Compass Point to cut Coinbase earnings estimates ahead of Thursday's results. The company's outlook on regulation and diversification efforts may matter more than the numbers.
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Dow hits record as tech earnings and Fed meeting converge
The Dow Jones hit record territory on July 27 while the S&P 500 and Nasdaq lagged, as investors brace for Big Tech earnings, a Federal Reserve decision, and a major crypto derivatives expiration all within one week.
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Bitcoin stays range-bound near $65,500 as mega-cap earnings loom
Jeff Ko, chief analyst at CoinEx, expects bitcoin to remain range-bound this week as oil retreats, the 10-year Treasury yield approaches 4.7%, and Apple, Microsoft, Meta, and Amazon report earnings that could indirectly shape crypto liquidity.
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Lenovo Stock Doubles in May as AI Revenue Hits 38% of Sales
Lenovo's stock surged 109% in May, its best month in 27 years, after posting record earnings driven by AI server demand. The world's largest PC maker saw AI-related revenue grow 84% year-on-year, prompting Goldman Sachs to more than double its price target.