Jul 23, 2026
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Alphabet Inc Class C decreased 3.3% to $331.91 after the parent company of Google search lifted its 2026 estimate of artificial intelligence infrastructure spending.
Consolidated revenue in the second quarter increased 24% to $119.8 billion from $96.4 billion, net income soared to $112.1 billion from $28.2 billion, and diluted earnings per share jumped $9.11 from $2.31 a year ago.
Net income soared because of a massive $99 billion boost in the revaluation of investments in SpaceX and Anthropic and other investment holdings.
However, core operating earnings increased 30% to $40.8 billion, driven by an 82% surge in Google Cloud and steady advertising revenue.
Google search revenue jumped to $63.2 billion from $54.2 billion, YouTube ads increased to $11.1 billion from $9.8 billion, and Google cloud revenue advanced to $24.7 billion from $13.6 billion, and Google services, platforms, and devices revenue gained to $12.9 billion from $11.2 billion a year ago.
The company's long-term debt jumped to $98.2 billion from $46.5 billion, and operating lease liabilities advanced to $14.6 billion from $12.7 billion a year ago. -
Tesla declined 3.2% to $358.55 after the vehicle maker reported second-quarter results.
Total revenues increased 26% to $28.2 billion from $22.5 billion, net income attributable to shareholders decreased 5% to $1.11 billion from $1.17 billion, and earnings per diluted shares declined 3% to 32 cents from 33 cents a year ago.
Total automotive revenue increased 23% to $20.5 billion, energy generation and storage advanced 13% to $3.1 billion, and services and other revenues soared 50% to $4.6 billion.
Total vehicle deliveries increased 25% to 480,126 from 384,122 a year ago, driven by a 25% rise in Model 3/Y deliveries to 467,762 from 373,728 a year ago. -
GE Vernova decreased 5% to $1,023.0 after the company's second quarter results fell short of market expectations.
Total revenues increased 22% to $11.1 billion from $9.1 billion, net income advanced to $649 million from $492 million, and diluted earnings per share rose 33% to $2.47 from $1.86 a year ago.
The company's order backlog at the end of the quarter increased to $176 billion, driven by $24 billion worth of new orders.
The company revised its 2026 estimated revenue range higher to between $45.50 billion and $46.50 billion, from the previous range between $44.50 billion and $45.50 billion.
GE Vernova estimated free cash flow to fall between $11.50 billion and $12.50 billion, compared to the previously estimated range between $6.50 billion and $7.50 billion, and reiterated the adjusted operating earnings margin range between 12% and 14%. -
Super Micro Computer surged 16% to $29.60 after the company confirmed $60 billion of new orders in its fiscal fourth quarter ending in June.
The company estimated fourth quarter revenue to be near the low end of its previous guidance between $11.0 billion and $12.5 billion, and gross margins are estimated to be in the range of 15% and 17%, significantly higher than the estimated range between 8.2% and 8.4%, primarily due to a favorable customer and product mix.
The server company announced its plan to release its fourth quarter results on August 11 at 5:00 ET. -
Novartis AG increased 3.1% to $154.26 after the Swiss pharmaceutical company's second quarter core earnings and revenue surpassed market expectations.
Novartis reported revenue of $144.41 billion and core earnings of $2.41, both surpassing market expectations.
The company said it is on track to achieve its full-year and mid-term estimates. -
3M Company jumped 6% to $168.21 after the diversified industrial company reported better-than-expected second quarter results and lifted its full-year earnings guidance.
Revenue increased 2.4% to $6.5 billion, diluted earnings per share rose 33% to $1.78 from $1.34, cash flow from operations was $1.0 billion, and the company returned $1.4 billion via dividends and stock repurchases.
The company revised its full-year 2026 guidance and raised its total sales growth estimate to at least 4.5%, and adjusted the earnings per share range between $8.80 and $8.95. -
General Motors increased 1.8% to $77.19 after the vehicle maker reported better-than-expected results in the second quarter.
Revenue increased 1.9% to $48 billion from $47.1 billion, net income attributable to shareholders decreased 31% to $1.3 billion from $1.9 billion, and diluted earnings per share declined 26% to $1.41 from $1.91 a year ago.
The company revised its adjusted earnings per share estimate for 2026 to between $12.0 and $14.0 from the previous range between $11.50 and $13.50.
Jul 22, 2026
Jul 21, 2026