Aug 6, 2026
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SanDisk Corp. dropped 10% to $1,222.45 after the company's muted guidance for the current quarter disappointed investors.
Revenue in the fiscal fourth quarter ending in June jumped to $8.9 billion from $1.9 billion, net income swung to a profit of $6.9 billion from a loss of $23 million, and diluted earnings per share were $43.97 compared to a loss of 16 cents a year ago.
For the fiscal year 2026, revenue jumped 175% to $20.25 billion from $7.4 billion, net income soared to $11.4 billion from a loss of $1.6 billion, and diluted earnings per share advanced to $73.76 from a loss of $11.32 a year ago.
Higher pricing, a mix shift to higher-value customers, and more than a fourfold increase in demand from data centers powered the revenue surge.
The company guided fiscal first quarter 2027 revenue in the range between $10.30 billion and $10.80, and adjusted diluted earnings per share to range between $44.0 and $46.0. -
Western Digital Corp. dropped 15.8% to $436.80 after the data storage company's current quarter slightly exceeded investors' lofty expectations, despite delivering solid quarterly results.
Revenue in the fiscal fourth quarter ending in June increased 44% to $3.7 billion from $2.6 billion, net income soared twelve fold to $3.2 billion from $243 million, and diluted earnings per share advanced to $8.21 from 67 cents a year ago.
The company guided fiscal first quarter 2027 revenue of $4.1 billion, non-GAAP gross margin of 55%, and non-GAAP diluted earning per share of $4.0. -
SpaceX decreased 10.8% to $111.76 after the recently-listed rocket launch and connectivity company released its second quarter results.
The stock plunged after the massive surge in capital expenditures to $18.4 billion from $2.8 billion, driven by AI infrastructure investments, rattled investors.
Total revenue jumped to $7.8 billion from $4.1 billion, net loss shrank to $541 million from $1.0 billion, and diluted loss per share eased to 9 cents from 34 cents a year ago. -
AMD declined 8.5% to $474.45 after the advanced semiconductor company's second quarter results fell short of market expectations.
Revenue soared 50% to $11.5 billion from $7.7 billion, net income surged 163% to $2.3 billion from $872 million, and diluted earnings per share increased 156% to $1.66 from 48 cents a year ago.
The continued investment in data centers supported the business momentum in the latest quarter.
Data center segment revenue soared 107% to $6.7 billion, client and gaming segment revenue increased 6% to $3.8 billion, and embedded segment revenue jumped 19% to $977 million.
Chief Financial Officer Jean Hu highlighted that data center growth powered the performance, representing 58% of total revenue, and projected further sales acceleration in the second half of the year.
AMD expects third-quarter 2026 revenue to be approximately $13 billion, give or take $300 million. While the midpoint beats Wall Street's average consensus of roughly $12.5 billion, some investor expectations had priced in even higher outcomes, leading to a muted market reaction.
The midpoint of the revenue range represents 41% increase in revenue from a year ago and a sequential increase of 13%, and non-GAAP gross margin of 56%. -
Arista Networks increased 12.6% to $214.52 after the data network equipment company reported better-than-expected second quarter results.
Total revenue increased 38% to $3.3 billion from $2.0 billion, net income advanced to $1.2 billion from $888 million, and diluted earnings per share rose to 95 cents from 70 cents a year ago.
The company guided third quarter revenue of $3.3 billion, adjusted operating margin between 48% and 49%, and adjusted diluted earnings per share to range between $1.06 and $1.08. -
McDonald's Corporation jumped 1.5% to $269.17 after the company released mixed quarterly results as same-store sales in the U.S. slowed.
Total revenues in the second quarter increased 4% to $7.1 billion from $6.8 billion, net income advanced 4% to $2.36 billion from $2.25 billion, and diluted earnings per share rose to 6% to $3.32 from $3.14 a year ago.
Global comparable sales increased 1.3%, driven by a 0.8% increase in the U.S., a 1.5% rise in internationally operated markets, and 1.9% in internationally licensed markets.
Comparable sales across all licensed international locations were positive in all geographic regions, led by Japan and partly offset by negative sales in China. -
Caterpillar Inc. rose 7.6% to $893.70 after the construction and power equipment maker reported better-than-expected second quarter results, driven by power generation demand and data center spending.
Revenue increased 24% to $20.5 billion from $16.6 billion, net income advanced to $3.6 billion from $2.2 billion, and diluted earnings per share rose to $7.77 from $4.62 a year ago.
Power generation revenue soared 29% to $3.1 billion from $2.4 billion, oil & gas sales increased 9% to $2.1 billion from $1.9 billion, and industrial sales advanced 9% to $1.7 billion from $1.5 billion a year ago.
Overall construction division sales soared 35% to $8.3 billion from $6.2 billion, and resource industries sales increased 20% to $4.6 billion from $3.9 billion a year ago.
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Chipotle Mexican Grill increased 7.5% to $36.80 after the company released its second quarter results.
Revenue increased 9.3% to $3.4 billion, net income decreased to $403.5 million from $436.1 million, and diluted earnings per share were flat at 32 cents.
Comparable restaurant sales increased 2.2%, and the company opened 100 new locations across its system. -
Microsoft jumped 9.7% to $428.28 after the software company reported its quarterly results.
Revenue for the fiscal fourth quarter ending in June increased 18% to $90.1 billion, net income surged 31% to $35.8 billion, and diluted earnings per share advanced to
Total cloud revenue surged 27% to $59.3 billion, driven by a 43% increase in Azure and other cloud services revenue, pushing Azure's individual annual revenue past $100 billion for the first time.
Spending on data centers and AI infrastructure came in at about $41 billion, and the company indicated it plans to continue to invest in extending its infrastructure.
Microsoft guided fiscal first quarter revenue to range between $89.85 billion and $90.95 billion, indicating about 16% growth at the midpoint. -
Meta Platforms dropped 10% to $526.52 after the company reported second-quarter results.
Total revenue increased 28% to $60.8 billion, net income decreased 14% to $15.8 billion from $18.3 billion, and diluted earnings per share declined 13% to $6.18 from $7.14 a year ago.
Meta's free cash flow plunged 91% to $784 million from $8.6 billion a year ago, largely because of the escalating cost of artificial infrastructure.
Capital expenditures soared to $31.1 billion for the quarter, consuming roughly 98% of Meta’s operating cash flow to build out server clusters and new data centers like its $14 billion El Paso, Texas, venture.
Daily Active People users averaged 3.60 billion across its family of apps—Facebook, Instagram, WhatsApp, and Threads—an increase of 3%.
Meta projected third quarter revenue between $61 billion and $64 billion, setting a midpoint ($62.5 billion) slightly below consensus expectations of $63.15 billion. -
Visa Inc. decreased 2.4% to $358.0 after the payment processor reported its fiscal third quarter ending in June.
Revenue increased 14% to $11.6 billion from $10.2 billion, net income advanced 7% to $5.6 billion from $5.3 billion, and diluted earnings per share rose 10% to $2.97 from $2.69 a year ago.
Total revenue growth was driven by an 11% increase in payments and 9% growth in processed transactions, led by expansion in digital commerce.
The company said it returned $6.2 billion to shareholders, including $4.9 billion in stock repurchases and $1.3 billion in dividends, and as of the end of June, about $28.4 billion was available under stock repurchase authorization.
The U.S. payment volume increased 10%, driven by an 11% rise in credit volume, a 9% increase in debit charges, and international payments advanced 10% from a year ago, respectively.
The FIFA World Cup also supported a surge in cross-border payment processing, and inbound processing rose 25% in the U.S. host cities, 70% in Mexico, and 35% in Canada.
Visa estimated fourth-quarter adjusted net revenue growth at the high end of the "low-double-digit percentage range," full-year 2026 net revenue growth at the low end of the low-teens percentage range, and adjusted earnings per share growth at the low end of the mid-teens percentage range. -
Cadence Design Systems rose 2.5% to $347.00 after the electronics design software reported second-quarter results.
Revenue increased to $1.6 billion from $1.3 billion, net income soared to $367.1 million from $160.1 million, and diluted earnings per share advanced to $1.33 from 59 cents a year ago.
System design and analysis revenue increased 37%, driven by demand for PCB and advanced packaging solutions, and intellectual property revenue soared 40% from a year ago, respectively.
The company estimated 2026 revenue to range between $6.26 billion and $6.34 billion, GAAP diluted earnings per share to range between $4.76 and $4.86, and non-GAAP diluted earnings per share in the range of $8.05 to $8.15. -
Rambus edged up 0.1% to $96.52 after the semiconductor company reported second-quarter results.
Revenue increased 20% to $207.4 million from $172.2 million, net income advanced 17% to $67.6 million from $57.9 million, and diluted earnings per share rose to 61 cents from 53 cents a year ago.
Product revenue increased to $99.2 million from $81.3 million, royalties revenue advanced to $84.2 million from $68.6 million, and contract and other revenue rose to $24.0 million from $22.3 million a year ago, respectively.
The company also had licensing billings of $84.1 million, which is an operational metric that reflects amounts invoiced to its licensing customers during the quarter.
The company estimated third quarter revenue to range between $210 million and $216 million, GAAP diluted earnings per share between 59 cents and 67 cents, and non-GAAP diluted earnings per share between 75 cents and 82 cents.
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