Aug 13, 2026
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Cerebras Systems plunged 15.1% to $222.49 after the AI chipmaker reported weaker than expected revenue in the second quarter.
Total revenue increased 74% to $180.1 million from $103.3 million, net income swung to a loss of $450.5 million from a profit of $309.5 million, and diluted earnings per share swung to a loss of $2.98 from a profit of $1.91 a year a year ago.
The company estimated adjusted core revenue in the third quarter to range between $214 million and $216 million and for the full year to range between $880 million and $890 million.
The company guided the core negative operating margin for the third quarter to fall between 25% and 23% and, in the full year, to range between 19% and 17%. -
Cisco Systems decreased 6% to $116.40 after the networking equipment maker reported a strong fiscal fourth quarter report ending on July 25.
Revenue increased 18% to $17.3 billion from $14.7 billion, net income soared 51% to $3.9 billion from $2.6 billion, and diluted earnings per share jumped 52% to 97 cents from 64 cents a year ago.
The company cited AI-driven applications fueling a broad increase in demand as a "networking supercycle" accelerates.
Networking product orders soared 40% in the fiscal fourth quarter, marking the eighth consecutive quarter of double-digit growth.
The company declared a quarterly dividend of 42 cents to be paid on October 21 to shareholders on record on October 2.
Cisco estimated fiscal first-quarter revenue between $18.0 billion and $18.2 billion and diluted earnings per share to range between $1.08 and $1.10.
The company is capitalizing on a multi-year investment boom in AI infrastructure, as businesses, data center operators, and hyperscalers increase spending.
The company revised estimated orders from hyperscalers to $7.5 billion in the fiscal 2027, compared to $4.0 billion in the fiscal 2026.
The company estimated full-year fiscal 2027 revenue between $72.2 billion and $73.4 billion and diluted earnings per share between $4.00 and $4.06. -
CoreWeave soared 17.7% to $106.32 after the cloud computing infrastructure provider reported slightly better-than-expected adjusted margins in the second quarter.
Revenue increased to $2.7 billion from $1.2 billion, net loss expanded to $626 million from $290 million, and diluted loss per share increased to $1.14 from 60 cents a year ago.
Adjusted operating income decreased to $128 million from $200 million, and adjusted operating income margin eased to 5% from 16%, but it was ahead of market expectations.
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Super Micro Computer increased 9.2% to $34.52 after the server maker reported strong fiscal fourth quarter results ending in June.
Revenue soared to $11.1 billion from $5.4 billion, net income soared to $1.2 billion from $195 million, and diluted earnings per share advanced to $1.62 from 31 cents a year ago.
Net sales for the full fiscal year ended June 30, 2026, soared to $39.1 billion from $22.0 billion; net income for the fiscal year surged to $2.2 billion from $1.0 billion, and diluted earnings per share increased to $3.26 from $1.68 a year ago.
For fiscal year 2027, the company expects net sales in the range of $65.0 billion to $72.0 billion, confirming the sustained demand from AI-powered data centers.
Revenue in the fiscal first quarter ending in September to range between $14.5 billion and $15.5 billion, diluted earnings per share between 89 cents and 98 cents, and adjusted earnings per share between $1.01 and $1.10.
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Hims & Hers Health dropped 5.7% to $29.96 after the telehealth platform operator reported its results for the second quarter.
Revenue increased to $753.2 million from $544.8 million, net income swung to a loss of $86.3 million from a profit of $42.5 million, and diluted earnings per share swung to a loss of 37 cents from a profit of 17 cents.
The company estimated revenue in the third quarter to range between $880 million and $900 million and adjusted operating income between $75 million and $95 million.
For the full year 2026, the company estimated revenue to fall between $3.1 billion and $3.3 billion and adjusted operating income between $275 million and $325 million.
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Plug Power soared 13.4% to $2.40 after the electrical equipment maker reported better-than-expected results in the second quarter.
Net revenue increased to $178.3 million from $174.0 million, net loss shrank to $190.1 million from $228.7 million, and diluted loss per share eased to 14 cents from 20 cents a year ago.
The hydrogen cell technology company raised its full-year 2026 revenue growth estimate to between 15% and 16%, and estimated operating earnings to return to positive in the fourth quarter, citing its solid order backlog.
Aug 12, 2026
Aug 11, 2026