Quarterly Results

Twitter

Facebook

Copy Link

Top News

GoDaddy Stock Plunges 10.9% as Airo AI Transition Drags Bookings Despite Q2 Earnings Beat

GoDaddy shares tumbled 10.9% in pre-market trading after Q2 2026 earnings revealed the Airo AI-native platform transition created a 100-basis-point drag on bookings. Despite beating earnings estimates with $1.83 adjusted EPS, the company's narrowed annual revenue forecast and decelerating Applications and Commerce growth prompted a William Blair downgrade, highlighting near-term economic headwinds from the strategic AI shift.

Business4 sources

GoDaddy Stock Plunges 10.9% as Airo AI Transition Drags Bookings Despite Q2 Earnings Beat

Business4 sources

Microsoft Jumps 8% While Meta Tanks 8.5% as AI Investments Split Big Tech

Microsoft shares surged 8% after reporting 43% Azure cloud business growth and 30 million paid Microsoft 365 Copilot seats, validating its $190 billion data-center buildout. Meanwhile, Meta Platforms dropped 8.5% on softer revenue forecasts and increased AI infrastructure spending, highlighting diverging investor sentiment on AI strategies.

Business2 sources

Microsoft Jumps 8% While Meta Tanks 8.5% as AI Investments Split Big Tech

Business2 sources

Reddit CEO Steve Huffman Challenges Google AI Overviews as Referral Traffic Drops

Reddit CEO Steve Huffman criticized Google AI Overviews for failing to deliver the referral traffic that traditional search results once provided. Despite beating earnings expectations, Reddit's stock plummeted over 20% as investors worry about the platform's future amid changing web economics.

Business4 sources

Reddit CEO Steve Huffman Challenges Google AI Overviews as Referral Traffic Drops

Business4 sources

Reddit Reports Strong Q2 With $805M Revenue But Stock Drops 10% On AI Search Traffic Concerns

Reddit delivered impressive second-quarter results with $805 million in revenue and $253 million net income, beating Wall Street estimates. But shares plunged over 10% in after-hours trading after CEO Steve Huffman warned that search referrals had turned choppy, raising investor concerns about AI-powered search summaries eroding the platform's traffic from Google.

Business5 sources

Reddit Reports Strong Q2 With $805M Revenue But Stock Drops 10% On AI Search Traffic Concerns

Business5 sources

Lloyds Banking Group targets £2bn in cost savings through AI strategy, but bets against AI agents

Lloyds Banking Group has unveiled Accelerate 2030, a four-year AI strategy targeting £2bn in cost savings by 2030. CEO Charlie Nunn is betting on AI-driven automation to push the cost-to-income ratio below 45%, while simultaneously expanding cross-selling initiatives. The strategy reveals a paradox: the bank embraces AI for operational efficiency but its growth model assumes customers won't use agentic AI to compare financial products.

Business5 sources

Lloyds Banking Group targets £2bn in cost savings through AI strategy, but bets against AI agents

Business5 sources

Meta AI scans every public Instagram post as Zuckerberg unveils AI-generated content plans

Mark Zuckerberg revealed that Meta AI now scans every public Instagram post using large language models to improve content recommendations. The company plans to create an 'infinite universe' of AI-generated content as a third feed category, but investors remain skeptical as Meta's $130-145 billion AI infrastructure spending pushes profits down 14% despite revenue gains.

Technology2 sources

Meta AI scans every public Instagram post as Zuckerberg unveils AI-generated content plans

Technology2 sources

Check Point Software shares drop 8% as AI security growth offsets firewall slowdown

Check Point Software Technologies Ltd. saw shares fall 8.2% after posting mixed second-quarter earnings. The cybersecurity provider beat profit expectations with $2.55 per share but missed revenue targets at $674 million. While firewall appliance sales declined 14%, the company's AI security products and subscription-based software surged, with AI security delivering over 40% revenue growth.

Business3 sources

Check Point Software shares drop 8% as AI security growth offsets firewall slowdown

Business3 sources

Xbox revenue drops 10% as Microsoft bets big on AI and cloud business, plans gaming reset

Microsoft's latest quarterly report reveals a 10% decline in Xbox content and services revenue, contrasting sharply with booming AI and cloud divisions that drove $90 billion in quarterly results. The gaming division faces studio closures and mass layoffs as CEO Satya Nadella announces a strategic reset, targeting a return to growth by fiscal 2027.

Business2 sources

Xbox revenue drops 10% as Microsoft bets big on AI and cloud business, plans gaming reset

Business2 sources

Meta AI drives double-digit Instagram engagement growth while facing addiction lawsuits

Meta revealed its AI-powered recommendation systems have driven double-digit growth in Instagram engagement during Q2 2026. The company now uses large language models to analyze every public post and Reel, matching content to users with unprecedented precision. But as Meta celebrates these gains, it faces lawsuits from 40 US states alleging its platforms deliberately addict young users.

Technology3 sources

Meta AI drives double-digit Instagram engagement growth while facing addiction lawsuits

Technology3 sources

Capgemini raises 2026 revenue growth target to 9% as AI transformation demand accelerates

Capgemini has upgraded its 2026 revenue growth target to 8.5-9% at constant currency, up from its previous 6.5-8.5% forecast. The Paris-based IT services firm reported first-half revenue of €12.08 billion, driven by surging demand for large AI transformation projects and the successful integration of WNS, which expanded its pipeline for AI-powered operations work.

Business3 sources

Capgemini raises 2026 revenue growth target to 9% as AI transformation demand accelerates

Business3 sources

Microsoft Copilot super app confirmed: AI assistant merges chat, coding, and agents this year

Microsoft CEO Satya Nadella confirmed the company is launching a Copilot super app that unifies chat, coding assistant GitHub Copilot, Cowork, and autonomous Autopilot agents into one platform. The AI assistant will span both consumer and commercial use when it launches this quarter, marking a major shift in how users interact with Microsoft's AI tools.

Technology8 sources

Microsoft Copilot super app confirmed: AI assistant merges chat, coding, and agents this year

Technology8 sources

Microsoft's $3.2B Anthropic gain surpasses Windows and Xbox operating income combined

Microsoft reported a $3.2 billion gain from its Anthropic investment in Q4 2026, exceeding the operating income of its entire Windows and Xbox division. Meanwhile, its OpenAI stake saw a $600 million quarterly write-down, though it generated $5 billion in gains for the full year. The results highlight Microsoft's shift toward a diversified AI strategy across multiple frontier model providers.

Business2 sources

Microsoft's $3.2B Anthropic gain surpasses Windows and Xbox operating income combined

Business2 sources

Samsung hits record $62B profit on AI chip demand but warns memory shortage worsens through 2028

Samsung posted a record $62 billion operating profit in Q2 2026, driven by surging demand for AI servers and memory chips. But the company warns the global memory shortage will intensify through 2028, causing its mobile division to post its first-ever loss of $544 million due to soaring component costs.

Business26 sources

Samsung hits record $62B profit on AI chip demand but warns memory shortage worsens through 2028

Business26 sources

Microsoft revenue hits $90 billion as Azure crosses $100 billion milestone despite record AI spending

Microsoft reported $90 billion in quarterly revenue, beating analyst expectations as its cloud business accelerated. Azure revenue surpassed $100 billion annually for the first time while growing 43% year-over-year. But the AI bet came at a steep price, with capital expenditure hitting a record $41 billion in the quarter, raising questions about long-term returns on massive AI infrastructure investments.

Business20 sources

Microsoft revenue hits $90 billion as Azure crosses $100 billion milestone despite record AI spending

Business20 sources

Arm Holdings forecasts quarterly revenue above estimates as AI chip demand accelerates

Arm Holdings projected second-quarter revenue of $1.38 billion, surpassing Wall Street estimates of $1.34 billion, driven by surging AI-driven chip demand. The company reported first-quarter royalty revenue climbed 22% to $715 million while licensing revenue grew 23% to $574 million, as hyperscalers like Alphabet and Amazon deploy custom AI chips built on Arm's energy-efficient architecture.

Business6 sources

Arm Holdings forecasts quarterly revenue above estimates as AI chip demand accelerates

Business6 sources

Prev 1 234…26 Next