Quarterly Results

Twitter

Facebook

Copy Link

Top News

SpaceX Locks in $40 Billion GPU Financing Deal with Apollo to Power AI Infrastructure Expansion

SpaceX secured a $40 billion financing deal with Apollo Global Management to lease AI chips and data center equipment over five years. The agreement marks the largest committed GPU financing as SpaceX's Super Intelligence business now generates $7.6 billion in quarterly revenue, surpassing its traditional space operations.

Business29 sources

SpaceX Locks in $40 Billion GPU Financing Deal with Apollo to Power AI Infrastructure Expansion

Business29 sources

ABB Posts Record $12 Billion Orders as AI Data Centre Boom Drives Power Distribution Demand

ABB reported record quarterly orders of $12 billion, driven by surging demand for power distribution and cooling systems in AI data centres. Despite strong results, shares fell 5.5% amid broader AI sector concerns. The Swiss engineering group announced a $495 million investment in a joint venture with Mitsubishi Electric to expand its low-voltage power distribution business in Asia-Pacific markets.

Business3 sources

ABB Posts Record $12 Billion Orders as AI Data Centre Boom Drives Power Distribution Demand

Business3 sources

China's Economic Growth Reaches 4.5% as AI-Driven Exports Counter Weak Domestic Consumption

China's economy expanded 4.5% in the third quarter of 2026, driven by surging global demand for AI infrastructure and computer chips. While AI-related hardware exports helped offset sluggish household spending and a deepening property market crisis, economists warn that export-led growth may not be sustainable without stronger domestic consumption.

Business2 sources

China's Economic Growth Reaches 4.5% as AI-Driven Exports Counter Weak Domestic Consumption

Business2 sources

L&T Technology Services Secures $203 Million in Deals as AI-Led Growth Drives Q2 FY27 Performance

L&T Technology Services secured $203 million in large deal wins with over 50% driven by AI-led initiatives in Q2 FY27. The company reported $120 million in annualized AI revenue and EBIT margins of 16.3%, reaching its mid-16% target ahead of schedule while launching an Engineering Intelligence Lab with NVIDIA.

Business5 sources

L&T Technology Services Secures $203 Million in Deals as AI-Led Growth Drives Q2 FY27 Performance

Business5 sources

Schneider Electric Raises 2026 Targets Again as AI Data Centers Drive Triple-Digit Demand Growth

Schneider Electric has raised its 2026 profit and revenue targets for the second time this year, driven by booming data centre demand. The French industrial group now expects adjusted EBITDA growth of 18-21% and organic revenue growth of 12-14%, fueled by triple-digit demand growth from AI data centers and hyperscalers.

Business2 sources

Schneider Electric Raises 2026 Targets Again as AI Data Centers Drive Triple-Digit Demand Growth

Business2 sources

TSMC in Talks for Texas Expansion as AI Chip Demand Outpaces Supply by Wide Margin

Taiwan Semiconductor Manufacturing Co. confirmed it's evaluating a Texas expansion and discussing participation in Elon Musk's proposed Terafab chip manufacturing complex. The world's largest chipmaker reported record $24 billion quarterly profits as AI market demand continues to far exceed its current production capacity.

Business2 sources

TSMC in Talks for Texas Expansion as AI Chip Demand Outpaces Supply by Wide Margin

Business2 sources

Bank of America Hired 1,000 Contractors to Patch Software Flaws Exposed by Anthropic Mythos

Bank of America hired 1,000 contractors in Q2 to patch software vulnerabilities discovered by Anthropic Mythos, spending hundreds of millions in remediation costs. CEO Brian Moynihan revealed the massive response during the bank's Q3 earnings call, highlighting how AI-driven security risks are forcing financial institutions into costly defensive measures.

Business8 sources

Bank of America Hired 1,000 Contractors to Patch Software Flaws Exposed by Anthropic Mythos

Business8 sources

ASML Can't Keep Up with AI Demand as Chipmakers Order Equipment Years in Advance

Dutch tech giant ASML reported record quarterly sales of €11.7 billion but warned its planned capacity expansion won't meet surging AI-driven demand for chipmaking equipment. CEO Christophe Fouquet revealed customers are already placing orders for 2029 and 2030, years ahead of typical timelines, as the AI boom shows no signs of slowing despite concerns about market sustainability.

Business12 sources

ASML Can't Keep Up with AI Demand as Chipmakers Order Equipment Years in Advance

Business12 sources

Zuckerberg Admits Meta's $200 Billion AI Bet Was Made Without Knowing If It Would Work

Mark Zuckerberg revealed Meta committed up to $200 billion on AI infrastructure before anyone could confirm it would succeed. Meta's chief AI officer Alexandr Wang admitted uncertainty was real, offering only a vibe report to executives. Meta's free cash flow plummeted 91% to $784 million as the company pursues its aggressive AI strategy.

Business3 sources

Zuckerberg Admits Meta's $200 Billion AI Bet Was Made Without Knowing If It Would Work

Business3 sources

Wall Street Banks Navigate AI Financing Risks as $10 Trillion Infrastructure Boom Tests Credit Standards

Goldman Sachs CEO David Solomon warns that AI infrastructure financing could require over $10 trillion through 2032, raising concerns about credit risks and return viability. Wall Street banks remain bullish on the AI investment boom despite mounting uncertainties around computing power demand, interest rates, and project returns.

Business6 sources

Wall Street Banks Navigate AI Financing Risks as $10 Trillion Infrastructure Boom Tests Credit Standards

Business6 sources

C3.ai Stock Surges 8.9% as Northland Upgrades on C3 Code Platform That Cuts AI App Development to Days

C3.ai stock surged 8.9% after Northland Securities upgraded the company to Outperform with a $16 price target, up from $10. The upgrade highlights C3.ai's C3 Code platform as a transformative growth driver that compresses agentic AI application development from months to just days using natural language and autonomous agents.

Business2 sources

C3.ai Stock Surges 8.9% as Northland Upgrades on C3 Code Platform That Cuts AI App Development to Days

Business2 sources

HCLTech's AI Revenue Surges 28.4% to $219M as Traditional IT Services Face AI Deflation Pressure

HCLTech reported AI revenue of $219 million in Q2, up 28.4% sequentially, but missed overall revenue estimates as AI deflation disrupts traditional billing models. The company narrowed its annual revenue forecast to 2.5-4% growth while securing $3.26 billion in new deal wins, including a $1.14 billion Mercedes-Benz contract.

Business5 sources

HCLTech's AI Revenue Surges 28.4% to $219M as Traditional IT Services Face AI Deflation Pressure

Business5 sources

TCS Plans 80% of New Hires to Have AI Skills as AI Revenue Hits 10% of Business

Tata Consultancy Services announced that 80% of future hires will possess digital and AI skills as the company expands its AI business. With AI-linked revenue reaching 10% in Q2, TCS expects higher margins from growing AI work while investing in niche talent and partnerships.

Business2 sources

TCS Plans 80% of New Hires to Have AI Skills as AI Revenue Hits 10% of Business

Business2 sources

TCS Q2 Results: AI Revenue Surges to $3.1 Billion, Lifting Indian IT Stocks Despite Weak Core Growth

TCS reported stronger-than-expected Q2 results with consolidated net profit rising 15% to Rs 13,884 crore and annualized AI revenue jumping nearly 20% quarter-on-quarter to $3.1 billion. The software services provider's AI momentum and international business growth drove shares up 5.2%, boosting the broader Nifty IT Index despite concerns over sluggish traditional services demand.

Business5 sources

TCS Q2 Results: AI Revenue Surges to $3.1 Billion, Lifting Indian IT Stocks Despite Weak Core Growth

Business5 sources

TSMC Reports Sixth Straight Quarter of Record Profit Driven by AI Chip Demand

TSMC posted a $23.59 billion net profit for Q3 2026, marking a 68.7% year-over-year surge and its sixth consecutive record quarter. Despite the earnings beat driven by surging demand for AI chipmaking, shares fell 2% as broader semiconductor stocks faced a selloff amid macroeconomic uncertainty.

Business8 sources

TSMC Reports Sixth Straight Quarter of Record Profit Driven by AI Chip Demand

Business8 sources

Prev 1 234…35 Next