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AMD and SpaceX Earnings: Good or Bad?
Zacks11d agoneutral
AMD and SpaceX Earnings: Good or Bad?

Advanced Micro Devices (AMD) and SpaceX (SPCX) are among the most polarizing releases investors have been waiting for, with shares facing an adverse reaction initially following the releases. But should investors mute the noise?

SpaceX Sends Telecom Providers a Shot Across the Bow
The Wall Street Journal11d agoneutral
SpaceX Sends Telecom Providers a Shot Across the Bow

SpaceX is coming for large U.S. telecom providers. During the company’s first earnings call, SpaceX President Gwynne Shotwell referenced the revenue that AT&T, Verizon Communications and T-Mobile US pull in, and said Starlink would take aim at their subscribers. “I anticipate us to be able to acquire quite a few of their customers because I think our service will be better,” Shotwell said.

Dow, S&P 500 close at records on AI results, Mideast deal hopes
Reuters Videos11d agoneutralVIDEO
Dow, S&P 500 close at records on AI results, Mideast deal hopes

<body><p>STORY: Wall Street's main indexes surged on Tuesday, with the Dow and S&P 500 both gaining roughly one-and-three quarters percent to notch record-high closes, and the Nasdaq climbing more than two-and-a-half percent.</p><p>Investors eagerly awaited SpaceX's first earnings results since its IPO, delivered after the close. Elon Musk's rocket and AI company reported a more than 90% rise in revenue for the quarter, buoyed by strong growth in its Starlink satellite-internet and AI businesses. The company posted a net loss of more than $540 million and capital expenditures of over $18 billion. Its shares, which closed up, gave back most of those gains in extended trading.</p><p>The stock, which has fallen 8% since SpaceX's record-breaking IPO in June, could face further pressure this week when the lock-up period expires, notes Rob Haworth, senior investment strategy director at U.S. Bank Asset Management Group.</p><p>"I think the market's probably a little worried that we're going to see more shares being offered, although we've been below the IPO price, so we'll have to see.&nbsp;But we think this remains a really important year for IPO markets as we have OpenAI and Anthropic coming as well.&nbsp;This will really start to unlock this private equity market and get some fresh capital to work.&nbsp;And then I think it's a question of how do markets adapt to this, right?&nbsp;How do markets adapt to all these new providers, which are model companies,&nbsp;and incorporate those into the overall ethos? So this is going to remain a really interesting year when it comes to some fresh blood into the U.S. equity market."</p><p>:: AMD</p><p>Also after the close, AMD said its second-quarter revenue rose 50% year-over-year, beating analysts' expectations. But the stock, which closed 7% higher, erased those gains in extended trading.</p><p>In other earnings news, Palantir Technologies grabbed headlines after its CEO delivered what he called "otherworldly" results, with the software company raising its annual revenue forecast. Shares skyrocketed more than 29% to record their biggest daily percentage gain since February of 2024.</p><p>:: Caterpillar</p><p>And shares of Caterpillar, seen as a bellwether for the global industrial economy, jumped about five-and-a-half percent after the company raised its annual revenue growth forecast, as the buildout of AI data centers has fueled demand for its power-generation and construction equipment.</p><p>Meanwhile, crude prices settled down about 5% after a Qatari official said efforts to secure a diplomatic resolution to the Iran conflict were continuing, while U.S. Treasury Secretary Scott Bessent said a deal to reopen the Strait of Hormuz could come within the next two days.</p></body>

SpaceX revenue jumps 92% in first earnings report, but shares slide
AFP11d agobullish
SpaceX revenue jumps 92% in first earnings report, but shares slide

SpaceX's revenue jumped 92 percent in the second quarter, beating analyst expectations by around $1 billion in its first post-IPO earnings report, but shares tumbled as investors remained skeptical about the company's ability to deliver on lofty promises. Investors remain skeptical even with SpaceX beating expectations, Emarketer Senior Analyst Gadjo Sevilla told AFP.  "I don't think people want to hear promises about the next five years or a mission to Mars," Sevilla said. 

SpaceX stock dips in after-hours trading, despite revenue beating Wall Street expectations
Pitchbook11d agobullish
SpaceX stock dips in after-hours trading, despite revenue beating Wall Street expectations

A SpaceX Falcon 9 rocket launches on July 30 at Cape Canaveral in Florida. NurPhoto/Getty Images SpaceX shares, which fell in recent weeks after popping about 20% in its June 12 IPO, dropped about 6% Tuesday after reporting its first quarterly earnings. For its venture capital investors, the slump presents a liquidity hiccup: SpaceX, in its IPO filings, imposed a tiered lockup on private-market investors selling shares. The first earnings release opens an initial window to sell up to 20% of rest

SpaceX's Conference Call Wraps Up. The Stock Is Sliding.
Barrons.com11d agoneutral
SpaceX's Conference Call Wraps Up. The Stock Is Sliding.

SpaceX's inaugural earnings report is in the books. CEO Elon Musk also hinted at $1 trillion in annual sales by 2029, though his base case is 2030. SpaceX also believes it can someday deliver the majority of the world's internet service and plans to launch a mobile communications product in 2027.

Wireless Stocks Turn Lower on SpaceX Mobile Plans
Barrons.com11d agoneutral
Wireless Stocks Turn Lower on SpaceX Mobile Plans

Shares of T-Mobile, AT&T, and Verizon Communications dipped late Tuesday after SpaceX said it planned to launch a mobile offering in 2027. SpaceX can use its Starlink space-based broadband product to offer service. Shares of T-Mobile were off 1.8% in after-hours trading.

SpaceX revenue jumps 92% in first earnings report
AFP11d agobullish
SpaceX revenue jumps 92% in first earnings report

SpaceX's revenue jumped 92 percent in the second quarter, beating analyst expectations by around $1 billion in its first earnings report since going public in June, the company announced Tuesday.Investors remain skeptical even with SpaceX beating expectations, Emarketer Senior Analyst Gadjo Sevilla told AFP.  "I don't think people want to hear promises about the next five years or a mission to Mars," Sevilla said. 

SpaceX quarterly revenue surges in debut results on strong growth in its Starlink business
Reuters11d agobullish
SpaceX quarterly revenue surges in debut results on strong growth in its Starlink business

SpaceX reported on Tuesday a 92% rise in revenue for the April-June quarter, in its first earnings since going public, buoyed by strong growth in its Starlink satellite-internet and AI businesses. The company said it invested $18.37 billion in AI infrastructure, Starship and Starlink expansion. The stock could face additional pressure from the expiry of SpaceX's post-IPO lock-up period starting on Thursday, which may unleash a wave of insider and early-investor shares on the market.

SpaceX Scores an Earnings Beat
Barrons.com11d agobullish
SpaceX Scores an Earnings Beat

SpaceX reported first-quarter sales of $7.8 billion and earnings before interest, taxes, depreciation, and amortization, or Ebitda, of $3.5 billion. Wall Street was looking for $6.8 billion and Ebitda of $2.