, /PRNewswire/ -- Smart Sand, Inc. (NASDAQ: SND) ("Smart Sand" or the "Company") announced today that its board of directors has declared a special cash dividend on the Company's common stock of $0.10 per share, payable on August 12, 2026, to stockholders of record as of the close of business on July 28, 2026.
"We are pleased to continue returning capital to our stockholders," said Charles Young, the Company's Chief Executive Officer. "Including this dividend, Smart Sand has returned approximately $12 million to stockholders year to date in 2026 through dividends and share repurchases. Supported by strong sales volumes, a healthy balance sheet and disciplined cost management, we remain well positioned to pursue additional opportunities to enhance stockholder value while investing in future growth."
About Smart Sand:
Smart Sand is a fully integrated frac and industrial sand supply and services company, offering complete mine to wellsite proppant and logistics solutions to our frac sand customers, and a broad offering of products for industrial sand customers. The Company produces low-cost, high quality Northern White sand, which is a premium sand used as a proppant to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells. The Company's sand is also a high-quality product used in a variety of industrial applications, including glass, foundry, building products, filtration, geothermal, renewables, ceramics, turf & landscaping, retail, recreation and more. The Company offers logistics solutions to its customers through in-basin transloading terminals and its SmartSystems™ wellsite storage and sand management capabilities. Smart Sand owns and operates premium sand mines and related processing facilities in Wisconsin and Illinois, which have access to four Class I rail lines, allowing the Company to deliver products substantially anywhere in the United States and Canada. For more information, please visit www.smartsand.com.
Contact:
Lee Beckelman
Phone: (281) 231-2660
Email: [email protected]
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
VIRGINIA CITY, Nevada, July 16, 2026 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE American: LODE) (“Comstock” and the “Company”) is pleased to announce that the Company's CEO, Corrado De Gasperis, and CFO, Judd Merrill will be providing current business updates and an overview of our second quarter 2026 financial results on Thursday, July 23, 2026, at 4:30pm ET. We invite all investors and other interested parties to register for the webinar at the link below.
, /PRNewswire/ -- Starwood Property Trust (NYSE: STWD) today announced that the Company will release its second quarter 2026 financial results on Thursday, August 6, 2026, before the opening of trading on the New York Stock Exchange. A conference call will be held on Thursday, August 6, 2026, at 10:00 a.m. Eastern Time.
During the conference call, the Company's officers will review second quarter performance, discuss recent events and conduct a question-and-answer period.
Webcast
The conference call will also be available in the Investor Relations section of the Company's website at www.starwoodpropertytrust.com. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software. A replay of the call will also be available for 90 days on the Company's website.
To Participate in the Telephone Conference Call:
Dial in at least five minutes prior to start time.
Domestic: 1-877-407-9039
International: 1-201-689-8470
Conference Call Playback:
Domestic: 1-844-512-2921
International: 1-412-317-6671
Passcode: 13758023
The playback can be accessed through Thursday, August 20, 2026.
Full Text of the Earnings Release
Internet -- The full text of the earnings release will be available on Thursday, August 6, 2026, at the Company's web site, www.starwoodpropertytrust.com. Mail -- For those without Internet access, the second quarter earnings release will be available by mail or fax, on request. To receive a copy, please call the Company's Investor Relations line at 203-422-7788. About Starwood Property Trust, Inc.
Starwood Property Trust (NYSE: STWD), an affiliate of global private investment firm Starwood Capital Group, is a leading diversified finance company with a core focus on the real estate and infrastructure sectors. As of March 31, 2026, the Company has successfully deployed over $117 billion of capital since inception and manages a portfolio of over $31 billion across debt and equity investments. Starwood Property Trust's investment objective is to generate attractive and stable returns for shareholders, primarily through dividends, by leveraging a premiere global organization to identify and execute on the best risk adjusted returning investments across its target assets. Additional information can be found at www.starwoodpropertytrust.com.
Cerebras Systems Inc (NASDAQ:CBRS) experienced a significant Power Inflow alert, a key bullish indicator that is closely tracked by traders who value order flow analytics, specifically institutional and retail order flow data.
Understanding the Power Inflow Signal
Order flow analytics examine real-time buying and selling behavior by analyzing volume, timing, and order size across both retail and institutional participants. These insights provide a deeper understanding of price action and market sentiment, allowing traders and institutions to make more informed decisions.
CBRS Performance
At the time of the Power Inflow alert, CBRS was trading at $177. Following the signal:
• Intraday High As Of 2:30PM EST: $186.40 (+5.31%)
This article is for informational purposes only and does not constitute financial advice, investment recommendations, or a solicitation to buy or sell securities. The analysis is based on stock order flow data, but accuracy is not guaranteed. Investing involves risk, including possible loss of principal, and past performance is not indicative of future results. Please consult a licensed financial advisor before making any investment decisions.
Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga’s reporting and has not been edited for content or accuracy.
Market News and Data brought to you by Benzinga APIs
Taha Ahmed talks about Wall Street's largest IPO, SpaceX (SPCX), after shares of the Elon Musk-led firm came back to Earth, now trading below the stock's initial IPO price of $135. He points to the company's future aspirations as the crux of bullish momentum, meaning any hit to its outlook will create ripple effects in the stock.
SpaceX (NASDAQ:SPCX | SPCX Price Prediction) trades at $135.27, and the setup ahead of Starship Flight Test 13 is worth examining closely. The stock has round-tripped back to its $135 IPO price after peaking above $225, and the pullback collides with a developmental launch that prediction markets are already treating as a fireball.
SPCX gives public-market investors direct exposure to Elon Musk’s launch, Starlink, and defense franchise. The business dominates U.S. orbital launch cadence, anchors the Space Force’s National Security Space Launch Phase 3 awards, and operates a satellite broadband network that has become core infrastructure. The stock’s pullback reflects a 29.73% one-month drawdown tied to a global tech rout and rising anxiety about the next Starship test, rather than a fundamental miss.
Why the Discount Is the Opportunity At current levels, buyers pick up SpaceX at its offering price while the company’s addressable market widens. Analyst consensus sits at $242.22, implying 79.06% upside, with 7 Buy, 3 Hold, and 1 Sell ratings. The spread reflects growing conviction on Starlink monetization and defense contracts.
The bull case runs through iterative design. As Defiance ETFs CIO Sylvia Jablonski put it, “SpaceX is a multi-platform infrastructure company involved in launch, communications, defense, and AI connectivity, with Starlink poised to exceed expectations.” Bloomberg’s Eric Balchunas notes SpaceX is now held by approximately 200 ETFs, a structural bid that did not exist at IPO. Every successful Starship iteration pulls forward the reusability curve that Falcon 9 took roughly seven years to mature.
Why the Fireball Scares the Market Bears see a company priced for perfection heading into a launch that Polymarket handicaps at an 89% probability of explosion. The chopstick booster catch sits at just 0.65%, and Flight Test 12 resolved with a booster explosion. The Atlantic argued SpaceX’s IPO was driven by capital hunger for the AI race, not fundamentals, tagging the stock with a bearish sentiment score of -0.382899. CNBC flagged that the average post-IPO buyer is nearly underwater, and the one-week decline of 8.79% shows the selling continues.
Why Patience Has a Case The hold argument is timing. Polymarket assigns a 55.5% probability of SPCX closing above $130 by month-end and only a 36% probability above $140. If the booster disintegrates on camera, retail flows may push shares lower before recovering. Waiting for the post-launch result avoids buying into a headline-driven downdraft.
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What the Numbers Say SPCX trades at $135.27 against an $242.22 consensus target across 11 covering analysts, an implied 79.06% upside. The dislocation shows in recent performance: SPCX is down 29.73% over the past month while the S&P 500 is essentially flat, and down 8.79% in the past week against a 1.26% gain for the index.
Sentiment is bifurcated. Of 14 recent news items, 8 skewed bullish and only 1 bearish, yet the composite sentiment index reads 42.07, neutral. Prediction market crowds have run a 66.7% correct rate on prior SPCX resolutions, with a tendency to underestimate upside.
The Verdict: Front-Run the Panic At $135, SpaceX is a Buy. The path to appreciation runs through interpretation. A planned termination, hypersonic breakup, or intentional ocean crash counts as an explosion on Polymarket, but on SpaceX’s engineering scorecard it is a data-gathering step toward rapid reusability. When the smoke clears and the next iteration flies weeks later, the 29% drawdown starts to look like a mispriced entry.
The near-term catalyst is the launch itself, with 95% probability of flying by July 31. Medium term, Starlink monetization and awarded launch tranches under the NSSL and Space Development Agency pipelines carry the fundamental story. What invalidates the thesis: a total-loss event that grounds the fleet for quarters, or a Starlink competitor closing the gap on cost per bit.
Purchasing SpaceX at its IPO price the week retail expects a fireball is the sort of positioning that analyst desks typically endorse only after the outcome is known.
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LA MIRADA, Calif., July 16, 2026 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest luxury condo community, Vista Ventana, will open for sales this Saturday, July 18 in La Mirada, California. The public is invited to the highly anticipated Model Home Grand Opening event taking place this Saturday from 11 a.m. to 2 p.m. The event will feature the first tours of the community's stunning new model home, located at 15704 Santiago Drive in La Mirada.
Vista Ventana offers an exclusive collection of 42 townhome-style condos with two- and three-story home designs featuring 3 to 4 bedrooms, 2 to 3.5 baths, and attached 2-car garages. With prices starting from the low $900,000s, these thoughtfully designed homes blend luxury with functionality, offering inviting courtyards, covered balconies, and select live-work opportunities. Home shoppers will appreciate the abundant guest parking and the community's park, picnic area, and pergola, ideal for outdoor gatherings.
"Vista Ventana delivers the perfect balance of a relaxing suburban lifestyle in the center of everything," said Brad Hare, Group President of Toll Brothers in Southern California. "This community is a fantastic option for home shoppers seeking modern luxury in a prime Southern California location."
Located in Los Angeles County, Vista Ventana provides convenient access to shopping, dining, and outdoor recreation, including Disneyland, just a short drive away. The community's central location makes it an ideal home base for exploring both Los Angeles and Orange County.
Toll Brothers customers will experience one-stop shopping at the Toll Brothers Design Studio. The state-of-the-art Design Studio allows home shoppers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers professional Design Consultants.
For more information about Vista Ventana and to attend the Model Grand Opening event on July 18, call 866-232-1631 or visit TollBrothers.com/CA.
About Toll Brothers
Toll Brothers, Inc., a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded in 1967 and became a public company in 1986 with common stock listed on the New York Stock Exchange under the symbol “TOL.” Toll Brothers builds new homes and communities in over 60 markets across the United States, serving first-time, move-up, active-adult, and second-home buyers. The Company also operates its own architectural, engineering, mortgage, title, land development, smart home technology, landscape, and building components manufacturing businesses.
Toll Brothers was named the #1 Most Admired Home Builder in Fortune magazine’s 2026 list of the World’s Most Admired Companies®, the ninth year the Company has achieved this honor. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit TollBrothers.com.
YARDLEY, Pa., July 16, 2026 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest community, Oakvale at Yardley, is now open in Bucks County, Pennsylvania. This exclusive community features 47 single-family luxury homes on half-acre home sites, offering an exceptional lifestyle in a highly desirable location. Site work is underway at 1057 Surrey Lane in Yardley, and the community is now open for sale from the Company’s nearby Lyondale Meadows community at 6 Augusta Drive in Newtown.
Located less than four miles from the Delaware River and minutes from Interstate 295, Oakvale at Yardley presents a rare opportunity to own a new construction home in charming Yardley, Pennsylvania. The community features spacious home designs ranging from 3,677 to over 5,210 square feet. Homes include 4 to 5 bedrooms, 3 to 6 bathrooms, and 2- to 4-car garages, with pricing starting from $1.59 million. Features such as airy lofts, elegant dining rooms, and convenient side-entry garages, along with options for soaring two-story great rooms and first-floor bedroom suites, are designed to enhance everyday living.
Toll Brothers customers will experience one-stop shopping at the Toll Brothers Design Studio. The state-of-the-art Design Studio allows home shoppers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers professional Design Consultants.
Situated just minutes from Interstate 295, Interstate 95, and the Pennsylvania Turnpike, Oakvale at Yardley offers convenient access to Princeton, Center City Philadelphia, northern New Jersey, and New York City. Residents will also enjoy proximity to New Hope, Doylestown, and Newtown, as well as nearby shopping and dining in Yardley and Newtown boroughs.
"We are excited to bring this exceptional new community to Bucks County," said John Dean, Division President of Toll Brothers in Pennsylvania. "With expansive home sites, stunning home designs, and a location close to major commuter routes and charming small towns, Oakvale at Yardley offers an unparalleled lifestyle for residents."
Children in this community may attend schools in the highly regarded Pennsbury School District, making Oakvale at Yardley an ideal choice for families seeking both luxury and convenience.
For more information on Oakvale at Yardley and other Toll Brothers communities in Pennsylvania, call (855) 872-8205 or visit TollBrothers.com/PA.
About Toll Brothers
Toll Brothers, Inc., a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded in 1967 and became a public company in 1986 with common stock listed on the New York Stock Exchange under the symbol “TOL.” Toll Brothers builds new homes and communities in over 60 markets across the United States, serving first-time, move-up, active-adult, and second-home buyers. The Company also operates its own architectural, engineering, mortgage, title, land development, smart home technology, landscape, and building components manufacturing businesses.
Toll Brothers was named the #1 Most Admired Home Builder in Fortune magazine’s 2026 list of the World’s Most Admired Companies®, the ninth year the Company has achieved this honor. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit TollBrothers.com.
Contact: Andrea Meck | Toll Brothers, Senior Director, Public Relations & Social Media | 215-938-8169 | [email protected]
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/457efeb2-6083-4219-8d83-13afd0790d87
https://www.globenewswire.com/NewsRoom/AttachmentNg/d9f2eb2d-7c47-46c9-87cc-790508c8d92b
Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)
REDMOND, Wash., July 16, 2026 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, today announced the final opportunity for home shoppers to purchase a new home at Canopy Cottages in Redmond, Washington. Only four, move-in ready homes remain available in this unique award-winning luxury community.
Tucked into a wooded setting, Canopy Cottages features 26 two-story cottage-style homes situated around communal green spaces and a dense tree canopy. The homes offer craftsman, shingle, or farmhouse architectural styles with inviting covered front porches to complement the serene surroundings. Offering 1,259 square feet of living space, the final homes include 2 to 3 bedrooms and 2 bathrooms with thoughtfully crafted interior finishes and Designer Appointed Features selected at the Toll Brothers Design Studio. Residents also enjoy a private clubhouse with an outdoor event lawn and patio area for gatherings and relaxation. Move-in ready homes in Canopy Cottages are priced from $1 million.
"Canopy Cottages provides the perfect balance of luxury living and natural beauty," said Todd Callahan, Regional President of Toll Brothers for the Pacific region. "This community has been a favorite for those seeking a peaceful retreat close to the conveniences of Redmond and Kirkland. We encourage home shoppers to act quickly to secure one of the final move-in ready homes available."
Located in the highly desirable Rose Hill neighborhood, Canopy Cottages offers convenient access to casual and fine dining, world-class shopping, and recreational opportunities. The proximity to I-405 provides an easy commute to employers including Google and Microsoft and major employment centers such as Kirkland, Redmond, and downtown Bellevue. Children living in the community will attend schools in the acclaimed Lake Washington School District, including Twain Elementary, Kirkland Middle, and Lake Washington High School.
Canopy Cottages is located at 13468 NE 112th Place in Redmond and is open by appointment. For more information, call 844-845-5263 or visit TollBrothers.com/WA.
About Toll Brothers
Toll Brothers, Inc., a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded in 1967 and became a public company in 1986 with common stock listed on the New York Stock Exchange under the symbol “TOL.” Toll Brothers builds new homes and communities in over 60 markets across the United States, serving first-time, move-up, active-adult, and second-home buyers. The Company also operates its own architectural, engineering, mortgage, title, land development, smart home technology, landscape, and building components manufacturing businesses.
Toll Brothers was named the #1 Most Admired Home Builder in Fortune magazine’s 2026 list of the World’s Most Admired Companies®, the ninth year the Company has achieved this honor. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit TollBrothers.com.
Tesla stock is under selling pressure. What’s pulling TSLA shares down? Federal Investigators Point to Driver Error in Fatal Texas CrashThe National Transportation Safety Board published its initial findings Wednesday from a June 19 collision in Katy, Texas, in which a 2025 Tesla Model 3 plowed into a home at speeds exceeding 70 miles per hour along a residential stretch where the posted limit is 30 miles per hour. Martha Avila, a 76-year-old resident of the home, sustained fatal injuries and died at a nearby hospital, according to Reuters.
Data pulled from the vehicle told a clear story: the 44-year-old driver, Michael Butler, had switched on Full Self-Driving before the crash but brought the system’s control to an end by jamming the accelerator pedal to the floor, sending the car surging well beyond any speed the system would have permitted.
The conclusion echoes what Tesla’s vice president of AI software Ashok Elluswamy had already stated publicly on X the prior month, writing that the driver had pushed the accelerator all the way to 100%.
The agency’s preliminary findings land squarely in Tesla’s corner, supporting the company’s longstanding argument that the crash was a product of human intervention rather than a technological failure.
Critical Technical Levels for TSLA to WatchTesla is still working uphill from a trend perspective. It is trading 2.1% below the 20‑day SMA, 4.8% below the 50‑day SMA and 6.5% below the 200‑day SMA, which keeps rallies prone to selling. The 20‑day SMA sitting below the 50‑day SMA shows the short‑term trend has not turned back to bullish.
RSI is the clearest momentum read at 45.85, which signals neutral to soft momentum rather than an oversold snapback setup. In plain terms, RSI gauges whether recent buying or selling has become stretched and this level suggests neither side has a clear advantage.
The bigger‑picture backdrop still leans bearish after the April death cross, with the 50‑day SMA moving below the 200‑day SMA. The April swing low remains an important reference point for dip buyers. May marked the most recent swing high, so bulls need a pattern of higher highs and higher lows to argue the trend is shifting.
Key Resistance: $433.00 — a nearby round‑number zone that can act as overhead supply during rebounds Key Support: $380.00 — a nearby round‑number level close to current trade where buyers may try to defend the pullback TSLA Shares Are DippingTSLA Price Action: Tesla shares were down 1.30% at $389.33 at the time of publication on Thursday, according to Benzinga Pro.
Image: Shutterstock
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Given nothing more than the company's reported numbers, shares of electric vehicle maker Tesla (TSLA 0.87%) should have soared following the July 2 release of its total Q2 deliveries.
The 480,126 automobiles it shipped in Q2 were not only up 25% year over year, but topped analysts' consensus estimate of 406,024 units. Nevertheless, Tesla shares immediately stumbled in response to the report and haven't budged in the meantime, even though the market has made some forward progress during this stretch. What gives?
It's a complicated answer because ... well, there's a complicated dynamic surrounding this company and its stock.
Image source: Getty Images.
The rest of the story In a perfect world, stocks' prices make sense, reflecting the underlying companies' potential and risk. When it's impossible to determine what a company could be worth in the foreseeable future, though, investors' assumptions end up all over the map, just reflecting the market's ever-changing perception of that name.
That's largely what's happening here. While founded as an EV outfit, Tesla's foray into energy storage, robotaxis, solar panels, and now an artificial intelligence robotics business that founder and CEO Elon Musk suggests could be the "biggest product of all time" is making it difficult for investors to figure out what the stock's really worth -- it's a budding AI company that also happens to make electric vehicles. And in this instance, it's difficult to deny that the stock's sizable run-up in late June set the stage for knee-jerk profit-taking, regardless of the delivery numbers the company would ultimately report.
Today's Change
(
-0.87
%) $
-3.42
Current Price
$
391.04
Complicating matters is that shares are still outrageously priced at more than 170 times projected profits.
In other words, nobody can be too terribly surprised that Tesla shares tumbled when they seemingly shouldn't have. One of this ticker's core current attributes is near-term unpredictability.
That said, the market is also connecting dots that aren't Tesla-specific, yet still paint an alarming picture for the electric vehicle industry. This includes Ford Motors Company's (F +0.07%) 41% tumble in EV sales for the same quarter, when General Motors' (GM +0.10%) fell 33%.
That's mostly the result of the wind-down of EV subsidies within the United States, although Tesla didn't exactly outshine its competition on other fronts either. China's electric vehicle powerhouse BYD (BYDDY +3.16%) bounced back from a disappointing Q1 to reclaim its lead from Tesla in terms of worldwide EV deliveries, shipping 557,090 battery-electric vehicles in Q2. It's not necessarily a direct setback for Tesla. Every EV that makes it to the market, however, crimps Tesla's already-waning pricing power.
No in-between That's the chief challenge of buying, selling, or holding a stake in Tesla, of course. There are as many unknowns as there are knowns, and the market will fill in the blanks with whatever knowns it can find when it finds them. The problem is, these knowns are often quickly replaced by the next ones as they surface -- some bullish, some not. That's not necessarily a bad thing. It's just something to keep in mind.
So is this: If you're considering Tesla for your portfolio, either respect that it's getting blown around by ever-changing near-term narratives, or it's a true buy-and-hold (volatile) EV/AI bet to tuck away for a long, long while. Any intended holding period in between could prove maddening, as we've already seen just this month.
Tesla (TSLA 0.87%) is set to report financials for the second quarter of 2026 on Wednesday, July 22. This is an important time for investors, as the business will provide them with performance updates that can inform portfolio moves.
This "Magnificent Seven" stock has meaningfully underperformed the market in 2026 (down 12.4% compared to the S&P 500's 10.6% gain). But is Tesla a buy before its upcoming financial release?
Image source: The Motley Fool.
To be clear, investors shouldn't make investment decisions solely on the basis of front-running a company's earnings report. This is a short-sighted mentality. It's incredibly rare that any information a business reveals related to a single quarter has a material impact on its long-term investment thesis.
That said, there is still valuable data available to investors to assess whether a company is performing well. In Tesla's case, automotive revenue growth and gross margin, the outlook for capital expenditures, and CEO Elon Musk's commentary on Robotaxi and Optimus developments are incredibly important.
Today's Change
(
-0.87
%) $
-3.42
Current Price
$
391.04
The question, though, isn't if investors should buy Tesla stock before July 22. The question is whether this stock is worth buying and holding for the next five years.
With this framework in mind, I believe investors are better off avoiding Tesla. The stock's extreme price-to-earnings ratio of 358 underscores how astronomical the market's expectations are, creating an asymmetric opportunity skewed to the downside.
The company deserves credit for tackling ambitious projects that can have a global impact. However, the current setup is not compelling.
Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy.
ATLANTA--(BUSINESS WIRE)--The Coca-Cola Company today announced that fairlife, LLC, a dairy company owned by Coca-Cola, identified unauthorized access by a third party to a portion of its systems, including its production-related systems, in connection with a ransomware event.
After detecting the issue, the company promptly activated its incident response and business continuity protocols. The company’s investigation and assessment of the impact of the incident is ongoing, with the assistance of outside advisors and cybersecurity experts. The company has also notified law enforcement. The full scope, nature and impacts of the incident are not yet known.
Product quality and safety have not been impacted. However, as a result of the incident, production operations at fairlife in the United States are temporarily suspended. fairlife’s Canada production operations are not currently impacted.
The company is working diligently to complete the investigation and restore the systems and impacted operations.
About The Coca-Cola Company
The Coca-Cola Company (NYSE: KO) is a total beverage company with products sold in more than 200 countries and territories. Our company’s purpose is to refresh the world and make a difference. We sell multiple billion-dollar brands across several beverage categories worldwide. Our portfolio of sparkling soft drink brands includes Coca-Cola, Sprite and Fanta. Our water, sports, coffee and tea brands include Dasani, smartwater, vitaminwater, Topo Chico, BODYARMOR, Powerade, Costa, Georgia, Fuze Tea, Gold Peak and Ayataka. Our juice, value-added dairy and plant-based beverage brands include Minute Maid, Simply, innocent, Del Valle, fairlife and Santa Clara. We’re constantly transforming our portfolio, from reducing sugar in our drinks to bringing innovative new products to market. We seek to positively impact people’s lives, communities and the planet through water replenishment, packaging recycling, sustainable sourcing practices and carbon emissions reductions across our value chain. Together with our bottling partners, we employ more than 700,000 people, helping bring economic opportunity to local communities worldwide. Learn more at www.coca-colacompany.com and follow us on Instagram, Facebook and LinkedIn.
Forward-Looking Statements
This document includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Generally, the words “believe,” “opportunity,” “ahead,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “will” and similar expressions identify forward-looking statements, which generally are not historical in nature. All statements other than historical facts are forward-looking statements. These forward-looking statements are based on management’s current beliefs, assumptions, and expectations regarding future events, which in turn are based on information currently available. Such statements may relate to The Coca-Cola Company’s investigation of and remediation efforts related to the cyber incident; the current understanding regarding the extent of the incident; the scope of systems, data or other technology that was accessed by the unauthorized third party and the impacts of the incident; the disruption to business operations; and the impact of the cyber incident on the Company including our financial condition and results of operations, among other matters. We caution you not to place undue reliance on any such forward-looking statements. Forward-looking statements do not guarantee future outcomes and involve known and unknown risks, uncertainties, and other factors discussed in detail in our filings with the Securities and Exchange Commission (“SEC”), including our Annual Report on Form 10-K for the year ended December 31, 2025, and our subsequently filed Quarterly Reports on Form 10-Q, which are available from the SEC. The Coca-Cola Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
Item 1 of 2 Google logo is displayed at Google's headquarters in New York City, U.S., July 1, 2026. REUTERS/Aleksandra Michalska/File Photo
[1/2]Google logo is displayed at Google's headquarters in New York City, U.S., July 1, 2026. REUTERS/Aleksandra Michalska/File Photo Purchase Licensing Rights, opens new tab
July 16 (Reuters) - Alphabet's (GOOGL.O), opens new tab Google is months behind schedule on the release of Gemini 3.5 Pro, its most powerful flagship AI model, as the tech giant works to improve its capabilities, particularly in coding, Bloomberg News reported on Thursday.
The delay comes amid fierce competition among AI developers to boost model performance, cut costs and expand enterprise capabilities, fueling a steady, industrywide stream of new systems and reasoning models.
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Here are some details:
The model was due to be released in June, Alphabet CEO Sundar Pichai had said during Google's annual I/O developer conference in May.
The setback has some Google engineers, AI researchers and managers worried as rivals OpenAI and Anthropic release models outperforming Gemini, the report said, citing 10 current and former employees.
Google late last month updated the data used to train Gemini to improve those capabilities, but the results fell short of expectations, Bloomberg News reported.
Shares of Alphabet slipped nearly 3% following the report.
"We're currently testing 3.5 Pro, an upgraded Flash model, and other models with partners, and we're productively engaged with the U.S. government," a company spokesperson told Reuters in a statement.
"We're shipping quickly across a wide range of models while keeping them highly cost-effective for customers," the spokesperson said.
OpenAI launched GPT-5.6, its most advanced model, last week after a delay prompted by the U.S. government's requests over national security concerns about the potential misuse of powerful AI tech.
Anthropic had disabled its most advanced AI models, Mythos 5 and Fable 5, for all users after a June 12 U.S. export control order citing national security concerns.
The curbs were lifted in late June after Anthropic added safeguards.
Reporting by Juby Babu in Mexico City; Editing by Pooja Desai
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Alphabet shares sank 4% on Thursday following a report that the company has delayed releasing its flagship artificial intelligence model.
The search giant's Gemini 3.5 Pro AI model is months behind schedule due to the company's efforts to improve its performance, according to Bloomberg, citing sources familiar with the matter. The model's coding capabilities, in particular, were short of internal expectations and come at a time when rivals like OpenAI and Meta have recently debuted new AI models that outpace Google's current offerings in generating software code, the report said.
The company previously announced the Gemini 3.5 Pro AI model in May as part of the company's annual Google I/O developer conference, saying at the time that it was being used internally, but wouldn't be ready for a broader rollout until the following month.
An Alphabet spokesperson told CNBC in an emailed statement that the company is "shipping quickly across a wide range of models while keeping them highly cost-effective for customers."
"We're currently testing 3.5 Pro, an upgraded Flash model, and other models with partners, and we're productively engaged with the U.S. government," the spokesperson said.
Read more CNBC tech newsNvidia-backed Fireworks hits $17.5 billion valuation as companies pursue cheaper AI modelsTSMC to invest additional $100 billion in Arizona after second-quarter profit soars 77%Trump blasts New York AI data center moratorium, says state should change policy 'immediately'Anthropic moves closer to mega-IPO as bankers line up investor meetingsCode-generation has become one of the biggest use cases for AI model providers like Anthropic and OpenAI and Chinese AI labs like Z.ai that offer so-called open-weight variants that developers can access for free via the open-source ecosystem.
Meta debuted last week its Muse Spark 1.1 AI model, which the company's AI chief Alexandr Wang described as the social media giant's "strongest model for agentic and coding work yet."
OpenAI last week released its GPT-5.6 Sol AI model, which CEO Sam Altman said is 54% more token efficient on agentic coding tasks, underscoring how AI labs are pitching their respective AI coding models as being cost-effective relative to their performance.
Alphabet Inc (NASDAQ:GOOG) is set to post a blockbuster second quarter, according to Bank of America, which reiterated its Buy rating and raised earnings estimates on surging Cloud growth and a sharp jump in the value of the company's Anthropic stake.
The bank expects Alphabet to report second-quarter revenue of $102.1 billion and EPS of $8.38, well above Street estimates of $101 billion and $2.90.
The EPS gap is largely driven by an estimated $80 billion boost to second-quarter operating income from the revaluation of Alphabet's Anthropic stake, after Anthropic's valuation rose from $380 billion in the first quarter to $965 billion in the second.
Analysts pointed to strong retail search growth heading into the print, though they flagged some softness in CPG and travel. They trimmed search growth estimates slightly for currency effects but still expect 17% growth, ahead of Street forecasts.
Cloud growth estimates were raised to 70%, supported by demand indicators and a backlog suggesting at least $230 billion in revenue over the next eight quarters.
For full-year 2026, Bank of America raised its net revenue estimate by 1% to $427 billion and its EPS estimate by 36% to $19.70, now projecting 16% full-year search growth and 72% Cloud growth.
For 2027, the bank raised net revenue estimates by 3% to $537 billion and EPS by 1% to $14.70, with Cloud revenue from the second quarter of 2026 through the first quarter of 2028 now projected at $290 billion, above the current backlog.
Looking ahead to the third quarter, Bank of America expects revenue of $108.8 billion and EPS of $3.03, close to Street estimates of $107.9 billion and $3.02.
Given accelerating AI demand, higher component pricing for items like memory, and Alphabet's recent capital raise, Bank of America believes the company could raise its 2026 capex range by roughly 5% to $190 billion to $200 billion. The bank's own capex estimate stands at $196 billion.
Potential catalysts cited include new AI-powered search ad formats, the rollout of agentic search features announced at I/O, a fall launch of Gemini 4, and possible details on external TPU monetization.
Risks flagged by the bank include tougher third-quarter comparisons, elevated valuation relative to history, OpenAI's advertising ramp, and the flow of investment funds toward AI-focused IPOs.
SEATTLE--(BUSINESS WIRE)--Amazon.com, Inc. (NASDAQ: AMZN) announced today that it will hold a conference call to discuss its second quarter 2026 financial results on Thursday, July 30, 2026, at 2:00 p.m. PT/5:00 p.m. ET.The event will be webcast live, and the audio and associated slides will be available for at least three months thereafter at www.amazon.com/ir.
The so-called "Magnificent Seven" group of stocks -- Apple, Alphabet (GOOGL 4.48%) (GOOG 4.46%), Amazon (AMZN 1.92%), Meta Platforms (META 2.65%), Microsoft, Nvidia, and Tesla -- has long traded at a premium to the S&P 500 index. For the past decade, the group has generally traded at a P/E about 30% above the benchmark index, but that premium has recently fallen to its lowest level ever, closer to just 10% above the benchmark. Much of that premium can be attributed to Tesla, which trades at a trailing P/E of over 350.
With the Magnificent Seven trading at its lowest-ever relative valuation, let's look at my three favorite stocks in the group to buy right now.
Image source: The Motley Fool.
Amazon The market share leader in both e-commerce and cloud computing, Amazon is one of the most underappreciated stocks in the market today. The stock has been a laggard over the last five years, up only around 35%. However, the company itself has been making big strides during this time.
While it has gotten little credit for it, Amazon has become the world's largest manufacturer and operator of robots, all of which run on its DeepFleet AI model. It's also adopted AI to help optimize things like delivery routes and inventory management. This has all made the company much more efficient and helped drive strong operating leverage in its e-commerce business.
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Meanwhile, the company is seeing accelerating revenue growth in its cloud computing business, and partnerships with Anthropic and OpenAI should help this continue. Amazon also has a strong chip business, having developed its own AI accelerators and central processing units (CPUs), which help give it a cost advantage.
Trading at a forward P/E of 25.5 times 2027 analyst estimates, the stock is attractively valued and is a solid long-term buy.
Alphabet Alphabet is not just a search giant; it's a strong collection of leading and emerging businesses. It's also become the most complete AI player, having developed its own world-class chips with its Tensor Processing Units (TPUs) and a frontier AI model in Gemini.
TPUs are Alphabet's secret sauce, giving it a big cost advantage over competitors that rely largely on Nvidia's expensive graphics processing units (GPUs). It uses its chips to train its AI model at a much lower cost than rivals, while it also lets it run inference much more cheaply. Its TPUs are so well regarded that Anthropic has placed huge orders for them.
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The company's cloud unit is seeing rapid growth, with revenue surging 63% in Q1, while it has embedded Gemini within Google search, helping drive query and revenue growth. Alphabet also owns YouTube and has a potential future growth driver with its Waymo robotaxi business, which is aggressively expanding to new cities across the U.S.
Trading at a forward P/E of 25 times 2027 estimates, Alphabet is one of my favorite stocks to own for the long term given its built-in advantages.
Meta Platforms A social media giant, Meta has been one of the best companies at using AI to help drive growth in its core business. It's developed its own models to help improve its recommendation algorithm, which is feeding users more of the content they are interested in and keeping them on its apps longer. At the same time, it's using AI to help advertisers better connect with and convert customers, which is driving up ad demand and prices.
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Meta grew its revenue at a brisk 33% pace last quarter, yet the stock only trades at a forward P/E of 18 times 2027 estimates. The company is also just starting to serve ads on its popular messaging platform, WhatsApp, and its new social media site, Threads, which should add another growth driver.
The biggest knock on the stock has been its aggressive AI infrastructure spending, but Meta looking to start a cloud computing service, given the high demand for compute power, helps allay those fears. Meanwhile, its latest Muse Spark 1.1 model has drawn strong praise.
The stock looks way undervalued given its growth and prospects.
, /PRNewswire/ -- Glancy Prongay Wolke & Rotter LLP announces that investors with losses have opportunity to lead the securities fraud class action lawsuit against Microsoft Corporation ("Microsoft" or the "Company") (NASDAQ: MSFT).
IF YOU SUFFERED A LOSS ON YOUR MICROSOFT INVESTMENTS, CLICK HERE BEFORE AUGUST 11, 2026 (LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT
What Is The Lawsuit About?
The complaint filed alleges that, between May 1, 2025 and January 28, 2026, Defendants failed to disclose to investors: (1) that Microsoft's Copilot family of products had experienced significant brand positioning, user experience, usage, data siloing, computational capacity, organizational, and interoperability problems; (2) that Microsoft's flagship proprietary AI model ranked well below competitors on a number of benchmark tests; (3) that Microsoft needed to increase by billions of dollars its capital expenditures and divert GPU and CPU capacity away from fulfilling demand for its profitable Azure services in order to improve the competitive positioning of its critical Copilot family of products and increase its AI-related R&D; (4) that, as a result of the foregoing, Microsoft had failed to convert a significant percentage of its commercial Microsoft 365 users to paid Copilot subscriptions and the Company's Copilot offerings had lost market share to rival products, a trend that was increasing; and (5) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
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If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
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NEW YORK--(BUSINESS WIRE)--Citigroup Inc. is redeeming, in whole, all $1.5 billion aggregate liquidation preference of 1,500,000 Depositary Shares each representing a 1/25th interest in its 6.250% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series T (the “Preferred Stock”). The redemption date is August 15, 2026 for the Preferred Stock and related Depositary Shares (the “Redemption Date”). The cash redemption price for each Depositary Share will equal $1,000 and will be paid on Augu.
Live Coverage Updates appear automatically as they are published.
Live Updates Pinned 1 hour ago
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This live blog is being updated by Thomas Richmond, a 24/7 Wall St. contributor. You’ll get expert analysis of Netflix’s Q2 earnings.
Simply stay on this page, and new updates will appear below automatically. We expect Netflix to release earnings shortly after 4:05 p.m. ET.
1 minute ago
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That wraps up our initial coverage of Netflix’s Q2 results. Thank you for stopping by!
4 minutes ago
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Netflix continues to grow, with second-quarter revenue reaching $12.56 billion, net income totaling $3.4 billion, and EPS of $0.80 narrowly beating the $0.79 estimate. The company also expects advertising revenue to roughly double to $3 billion in 2026.
The problem was guidance. Netflix expects third-quarter revenue of $12.86 billion and EPS of $0.82, below estimates of $13.01 billion and $0.84, respectively.
For a stock carrying a premium valuation, continued growth is not enough when Wall Street expects even more.
The sell-off now raises the question for investors: Is Netflix undergoing a healthy valuation reset, or is the pullback creating a long-term buying opportunity?
27 minutes ago
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Overall Grade: B-. Netflix (NASDAQ:NFLX | NFLX Price Prediction) beat EPS but missed on revenue, free cash flow, and Q3 guidance, muting the rebound narrative built up during earnings week.
Category Grade Notes Revenue Performance C+ Revenue of $12.56B narrowly missed the $12.58B estimate despite 13.37% YoY growth. Earnings Beat/Miss B EPS of $0.80 topped the $0.7883 consensus by 1.48%. Guidance Quality C- FY narrowed to $51.0B-$51.4B; Q3 revenue of $12.86B came in light. Margin Trends B+ Q2 operating margin of 33.4% ran slightly ahead of internal targets. Cash Flow D Free cash flow of $1.53B fell 32.73% YoY on higher cash taxes. Management Confidence A- New $25B buyback authorization; $4.7B repurchased in Q2. Resilient top-line growth and strong margins collide with softer forward metrics.
The aggressive buyback signals conviction, while FCF pressure gives bears ammunition heading into the 4:45 PM ET call.
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Netflix still expects ad revenue to roughly double year over year to about $3 billion in 2026, providing another growth engine alongside pricing and global subscriber engagement.
Netflix reported more than 97 billion viewing hours during the first half, up 2% year over year.
Regional growth was broad-based, led by a 21% revenue increase in Latin America, followed by 16% growth in Asia-Pacific, 14% in Europe, the Middle East and Africa, and 10% in the United States and Canada.
38 minutes ago
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Netflix’s second-quarter revenue of $12.56 billion narrowly missed estimates, while free cash flow fell 33% to $1.53 billion, well below the $2.72 billion expected.
Netflix attributed the cash-flow pressure to higher tax payments, partly related to the Warner Bros. Discovery termination fee.
The company’s third-quarter outlook also missed across the board. Netflix expects revenue of $12.86 billion, EPS of $0.82, and a 33.2% operating margin, all below Wall Street’s forecasts.
Its full-year outlook calls for approximately $12.5 billion in free cash flow and a 31.5% operating margin, compared with estimates of $13.09 billion and 31.7%, respectively.
44 minutes ago
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Netflix just reported Q2 earnings, with shares initially up 2% following the report. Here are the key numbers:
Revenue: $12.56 billion vs. $12.58 billion expected EPS: $0.80 vs. $0.79 expected Quick Read:
Netflix delivered a small EPS beat, although revenue fell slightly short of Wall Street’s expectations.
Revenue still increased 13% year over year, while EPS rose 11%, signaling that the company’s underlying growth remains healthy.
1 hour ago
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Netflix (NASDAQ:NFLX) reports Q2 earnings tonight at 4:05 PM ET, with shares at $73.72 and down 21.42% YTD.
Bull Case Ad revenue tracking to roughly double to about $3 billion in 2026, with the advertiser base up over 70% year over year. Reaffirmed FY operating margin of 31.5% on 12% to 14% revenue growth. Polymarket now assigns a 59.5% beat probability, and July 17 call volume outpaces puts 2.46:1. Bear Case Q1 EPS missed by -8.55% even with the Warner Bros. windfall. Content amortization peaks in Q2, threatening margins. Misses have averaged a -9.89% day-of drop, and insiders are net sellers across 110 recent transactions. Valuation remains full at a 24 P/E. 1 hour ago
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With shares at $73.72 and down 21.42% YTD, Netflix’s Q2 earnings call at 4:45 PM ET tonight will help to set the tone for the back half of the year.
Top Analyst Questions: Is ad revenue on track to reach the $3 billion 2026 target? How is capital being deployed post-Warner Bros., with $6.8 billion in buyback authorization remaining? Has content amortization truly peaked? What are early Netflix Playground and vertical-feed engagement metrics? Any update on the Brazilian ~$700M tax dispute? Key Topics: Free-trial reintroduction, Spain price hike, Mercado Libre bundle, InterPositive GenAI integration.
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Buzzwords: “incrementality,” “conversational discovery,” “operating leverage,” “engagement per member.”
Red Flags: Guidance below the 32%-34% margin consensus, softer H2 ad ramp, or hedged language on Lionsgate M&A speculation.
1 hour ago
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With Netflix (NASDAQ:NFLX) set to report after the close, the Q1 setup remains the single most important frame for interpreting tonight’s numbers.
Here are 3 of the most important items from the April call to keep in mind ahead of tonight’s Q2 earnings:
Last Quarter’s Top 3 Takeaways: Capital return posture flipped back to normal. After walking away from the Warner Bros. deal, Netflix booked a $2.80 billion termination fee and resumed buybacks, repurchasing 13.5 million shares for $1.3 billion with $6.8 billion remaining. With shares now near $74.26, pace-of-buyback commentary matters more than usual. The ad tier inflected faster than the Street modeled. Ad-supported plans drove over 60% of sign-ups in ads countries, the advertiser base grew over 70% year over year to more than 4 thousand advertisers, and management reiterated the $3 billion ad revenue target. Any wobble tonight would dent the core bull thesis. Q2 is the margin trough, by design. Content amortization was flagged to peak in Q2 before decelerating to mid-to-high single digits in the back half, with the Q2 operating margin guide set at 32.6% on revenue of roughly $12.574 billion. FCF guidance was also raised to ~$12.5 billion from $11 billion, so any print above the 32.6% line would signal Q1’s confidence was, if anything, understated. Prediction markets currently assign a 60.5% probability of a miss, with 66.5% clustering around a 32%-34% operating margin outcome.
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Netflix (NASDAQ: NFLX) heads into tonight’s earnings report with Wall Street and prediction markets telling two very different stories.
The company is targeting roughly $12.57 billion in second-quarter revenue and a 32.6% operating margin, even as content amortization is expected to peak during the quarter.
Advertising remains the clearest potential catalyst, with ad revenue reportedly on track to double to approximately $3 billion in 2026.
Wall Street analysts maintain an average price target of $112.17, implying 51.5% upside. However, prediction markets assign Netflix a 60.5% probability of missing expectations, with $70 emerging as the most likely post-earnings share price.
A clean beat on advertising revenue and operating margin would revive Netflix’s long-term compounding narrative, but weakness in either metric would strengthen the bear case.
Netflix is also looking to overcome concerns that audiences for viral shows can decline 30% to 70% between seasons.
Netflix (NASDAQ:NFLX) reports Q2 earnings tonight at 4:05 PM ET, with the earnings call scheduled for 4:45 PM ET. The report lands after a Q1 EPS miss and a 41.54% one-year decline, leading investors to hope for a re-rate on margin durability and ad-tier scale.
A Valuation Reset for Netflix Stock Q1 2026 delivered revenue of $12.25 billion, up 16.19% YoY and beating consensus by 0.63%, while EPS of $1.23 missed the $1.345 estimate by 8.55%.
Management reaffirmed FY 2026 revenue guidance of $50.7B to $51.7B and lifted free cash flow to ~$12.5B. The ad-supported tier drove over 60% of Q1 sign-ups in ad markets, with advertisers up 70% YoY to over 4,000 clients.
Consensus Estimates Metric Q2 2026 Guide/Est YoY Change FY 2026 Guidance Revenue $12.574B +13% $50.7B-$51.7B Operating Margin 32.6% expansion 31.5% EPS (Est) $0.79 n/a n/a The Q2 revenue target implies 13% YoY growth (12% F/X neutral). The 32.6% margin projection exceeds the FY 31.5% target because Q2 is the peak amortization quarter, followed by expected deceleration to mid-to-high single digits in H2. Polymarket assigns a 66.5% probability to the company’s margins landing in the 32%-34% band.
Ad Scale, Amortization Peak, and Post-Warner Positioning With Netflix’s Q2 earnings tonight, ad revenue trajectory might be the single biggest swing factor. I’ll be watching whether advertiser count extended past the 4,000 client mark and how new incrementality tools are landing with buyers.
Content amortization is set to peak this quarter before decelerating. Any slippage below 32% might challenge the full-year 31.5% guidance.
Pricing power warrants attention after recent price adjustments in Spain. Commentary on member response and churn will inform whether North America and EMEA can sustain price-led ARPU growth.
The company did not acquire Warner Bros. Discovery, so the termination fee resumed the $6.8B buyback authorization, and 13.5M shares were retired for $1.3B in Q1. I’ll focus on content M&A appetite and whether GenAI investments (the InterPositive acquisition) reshape production economics.
Finally, live events and gaming. The Tyson Fury vs Anthony Joshua fight, Netflix Playground, and Japan’s World Baseball Classic success are new engagement vectors. Management tone on monetization pathways matters.
Earnings History Quarter EPS Surprise 1-Day Move 7-Day Move 30-Day Move Q1 2026 -8.55% -9.72% -5.00% -8.20% Q4 2025 +1.43% -0.84% -1.93% -9.84% Q3 2025 -15.79% -10.07% -1.43% -6.56% Q2 2025 +1.89% -5.10% -2.38% +0.41% On average, shares moved -2.69% seven days after earnings over the past year.
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Item 1 of 2 A drone view shows Netflix logos on buildings in the Hollywood neighborhood in Los Angeles, California, U.S., January 20, 2026. REUTERS/Daniel Cole
[1/2]A drone view shows Netflix logos on buildings in the Hollywood neighborhood in Los Angeles, California, U.S., January 20, 2026. REUTERS/Daniel Cole Purchase Licensing Rights, opens new tab
SummaryCompaniesNetflix forecast third-quarter revenue of $12.86 billion and diluted EPS of 82 centsShares drop nearly 8% in after-hours tradingIt will cut viewing-hours reports to once yearly starting in January 2027LOS ANGELES, July 16 (Reuters) - Netflix (NFLX.O), opens new tab offered third-quarter revenue and earnings projections on Thursday that hovered below Wall Street targets and said it would reduce the amount of information it discloses on viewing hours as the streaming video pioneer seeks new avenues of growth in a competitive media landscape.
Shares of Netflix fell nearly 8% in after-hours trading to $68.45.
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The company said it expected $12.86 billion in revenue from July through September and diluted earnings per share of 82 cents. Analysts had forecast $13 billion in revenue and diluted EPS of 84 cents, according to LSEG.
Third-quarter projections "appear to reflect a combination of management caution and a naturally maturing growth profile, rather than any sudden deterioration in the business," PP Foresight analyst Paolo Pescatore said. He added that they would "reinforce the view that Netflix remains strong but is entering a steadier phase of growth with considerably less room for error given the always-high expectations."
Netflix said it would cut its biannual release of a viewing-hours report to once a year starting in January 2027 "to keep the focus on our primary financial metrics — revenue and operating profit." It stopped publishing quarterly subscriber numbers in 2025.
For the just-ended quarter, Netflix revenue and EPS were roughly in line with analyst estimates. Earnings per share came in at 80 cents for the three-month period, which featured hits including crime drama "I Will Find You" and animated feature "Swapped." Revenue totaled $12.56 billion.
"Our financial performance remains solid and we're on track to meet our objectives for the year," the company said in its quarterly letter to shareholders.
COMPETITION INTENSIFIESNetflix is facing competition from all corners of the entertainment industry, from traditional media companies such as Walt Disney (DIS.N), opens new tab to YouTube, a growing presence in living rooms, and mobile viewing on apps such as TikTok.
Prior to the earnings report, the streaming giant had shed over a fifth of its value as investors worried about how the company would boost revenue and gain new customers. In April, Netflix said it had more than 325 million paying members and still had room to increase that number.
The company is building an advertising business and offering video games, two initiatives still in the early stages. It repeated an earlier forecast that ad revenue would reach $3 billion by the end of the year. The company is counting on its growing number of live events, including an expanded NFL slate, to draw more advertising dollars.
Netflix said engagement, or the amount of time people spend watching the service, was "healthy." Viewing hours grew by 2% in the first half of the year, compared with 1.5% a year ago.
It said it aimed to stay ahead of the competition in part by using technology to improve all aspects of its business. Use of generative artificial intelligence by producers is "scaling quickly" and has been used in about 300 titles, mostly in post-production, the company said.
Reporting by Lisa Richwine in Los Angeles and Ed Lee in New York; Editing by Sayantani Ghosh and Matthew Lewis
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Netflix shares fell 8% after it turned in lukewarm earnings and cut back on how frequently it releases viewing data By You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Shows like "I Will Find You" helped Netflix grow its global viewership by 2% in the first half. Netflix Netflix shares fell over 8% after it posted lukewarm second-quarter earnings results on Thursday afternoon — and said that it would cut back on how frequently it shares viewership data.
The leading paid streamer was roughly in line with Wall Street's expectations for both revenue and earnings per share, which were based on modest guidance last quarter that had spooked investors.
Netflix's stock had fallen 31% in the three months since its first-quarter report.
Revenue rose 13.4% to $12.56 billion in the second quarter, just below estimates of $12.58 billion, while earnings per share came in at $0.80, versus analysts' expectations of $0.79, according to Bloomberg.
Netflix also made a major change to how it shares viewing data, referred to as engagement.
Total engagement was up slightly in the first half of the year, with global viewing hours rising 2% to 97 billion hours. Netflix generated 96 billion hours in the last six months of 2025 and about 95 billion hours in the first half of last year.
Netflix said Thursday that it would change its twice-yearly engagement reports to publish once a year, starting after the first quarter of 2027.
"Engagement is not just the quantity of view hours, but also refers to the quality and variety of our offering," Netflix said in its second-quarter shareholder letter.
"The goal of separating the publication of the report from our earnings results is to keep the focus on our primary financial metrics — revenue and operating profit," the company said.
On the earnings call, co-CEO Greg Peters said that "all hours are not created equal." He added that live events don't always generate tons of viewership, but they're still valuable because they bring in new customers.
Investors are increasingly focused on Netflix's ability to keep growing engagement, especially since the streaming giant has already leaned on growth levers like price hikes and password-sharing crackdowns.
Netflix has been searching for ways to become more like YouTube, which leads all streaming services in viewing on US TVs. These efforts have included investing in video podcasts, adding a short-form video feed, and bringing three-minute videos about cooking and travel to its platform.
Co-CEO Ted Sarandos said on the earnings call that "the definition of TV has broadened" in the last 15 years, and "our definition has changed along with it."
"Maintaining that attention has gotten tougher as consumers increasingly get their video fix from short-form platforms," Forrester research director Mike Proulx said ahead of Netflix's report.
Netflix likely recognizes that its biggest competitors aren't rival paid streaming services but free apps like YouTube, TikTok, and Instagram.
Proulx said it's an open question, though, "whether consumers actually want Netflix to become more like YouTube."
"Netflix's success was built on differentiated, must-watch programming," Proulx said. "As streaming services add more content formats, they risk diluting what differentiates them."
Viewership matters to Wall Street because it's a strong signal of how much Netflix subscribers value the service, since habitual viewers are more willing to accept price hikes and less likely to cancel. It's also important for Netflix's ad business. On Thursday, Netflix reiterated its forecast of about $3 billion in ad revenue for the full year.
Some analysts say engagement concerns are overblown, given that Netflix is far ahead of its paid peers in monthly viewership on US TVs, according to Nielsen, and has an industry-low cancellation rate of 2%, per subscription analytics firm Antenna.
Morgan Stanley media analysts, led by Sean Diffley, wrote in a recent report that "investors are overly focused on the headline hours number," adding that it "does not correlate nearly as much to revenue growth as many fear."
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James Faris You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Netflix (NFLX) closed Thursday's trading session just above its 52-week lows, and trading was choppy after hours after the streaming giant released earnings. EPS beat but revenue missed expectations, and Netflix missed expectations on both fronts when it came to guidance.
Netflix shares dropped in after-hours trading Thursday after the streaming giant reported lackluster results for the second quarter.
Shares, which have already fallen nearly 45% over the past year, shed 9% after the close of trading as investors processed the earnings report. It showed revenue slightly below Wall Street expectations and a narrow beat on earnings. Revenue came in at $12.56 billion, just shy of the consensus for $12.58 billion, while earnings of 80 cents a share nipped forecasts by a penny.
The financials were released along with the company’s semi-annual “What We Watched” report on viewership. In the first half of 2026, Netflix said, subscribers watched 97 billion hours, up 2% over the same period in 2025.
Despite the uptick, pressure has been mounting on Netflix in terms of its engagement metrics, with critics saying it is losing ground to YouTube, TikTok and other platforms. After Deadline’s extensive reporting on a worrisome trend of second seasons dropping off more sharply from first seasons than in previous years, other media outlets have picked up on the theme. UCAN Netflix’s Head of UCAN Scripted Series Jinny Howe offered Deadline the first on-the-record assessment of the situation, arguing that the premiere-vs.-premiere comparisons between the first and second seasons often fails to capture the full picture. Nevertheless, a string of press reports in recent days have described the efforts of senior executives looking to address the engagement issue.
The company appeared to acknowledge the need to regroup in its quarterly shareholder letter. “As we’ve developed an increasingly sophisticated understanding of how consumers ascribe value to our service, we know not all hours are equal,” the letter said. “Time spent is just one aspect of strong engagement – quality and variety also matter. The key is to improve across all of those dimensions: quality, variety, and quantity.”
The issue with engagement has been cast in a different light since the company lost out on acquiring Warner Bros. Discovery earlier this year. The bid was a damned-if-they-do/damned-if-they-don’t effort, as it signaled to many observers that the company was looking to shore up viewership with an inorganic growth move, by far the largest in its history. Despite execs’ protests to the contrary, the bid was seen as a signal that its primary business had plateaued.
Netflix forecasts revenue growth of 12% in the third quarter, and has narrowed its full-year revenue forecast to $51 billion to $51.4 billion. It still expects to double 2025 levels of ad revenue, hitting $3 billion.
There has been mounting anticipation of the earnings report on Wall Street, with scrutiny growing on the company in the wake of its being outmaneuvered by Paramount in the acquisition battle for Warner Bros. Discovery. Some analysts have drawn parallels between the current period and 2022 when the streaming giant shed subscribers and decided to launch an ad business.
Netflix shares have skidded to an 18-month low, down 21% in 2026 to date, as skepticism lingers about the company’s user engagement, competitive set and M&A aspirations.
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Netflix Inc (NASDAQ:NFLX, XETRA:NFC) shares fell about 8% in after-hours trading after the streaming company reported second-quarter revenue that came in just below Wall Street expectations, overshadowing a slight earnings beat.
For the quarter ended June 30, Netflix posted diluted earnings per share of $0.80, ahead of the consensus estimate of $0.79.
Revenue rose 13.4% year over year to $12.56 billion but fell just short of analysts' expectations of $12.58 billion.
Operating income increased 11% from a year earlier to $4.19 billion, while operating margin was 33.4%, compared with 34.1% in the prior-year quarter. Net income totaled $3.40 billion, up from $3.13 billion a year ago.
The company said revenue growth was driven primarily by membership growth, pricing initiatives and higher advertising revenue.
It recorded double-digit revenue growth across all geographic regions, with revenue surpassing $4 billion in Europe, the Middle East and Africa, and $1.5 billion in both Latin America and Asia-Pacific.
Netflix said recent price increases have performed in line with expectations, noting that second-quarter revenue growth in the US and Canada reflected only a partial-quarter impact from the changes.
The company also pointed to healthy engagement, with view hours increasing 2% in the first half of 2026 compared with 1.5% growth in the same period last year, despite competition from major sporting events including the Winter Olympics and the FIFA World Cup.
Looking ahead, Netflix forecast Q3 revenue of approximately $12.86 billion, representing year-over-year growth of 11.7%, and projected diluted earnings per share of $0.82. The company expects an operating margin of 33.2% for the quarter.
Netflix also reaffirmed its 2026 outlook, narrowing its projected revenue range to between $51.0 billion and $51.4 billion while maintaining its forecast for a 31.5% operating margin.
The company said it continues to expect annual revenue growth of 13% to 14%, supported by membership gains, pricing and a projected doubling of advertising revenue to about $3 billion this year.
• Netflix shares are approaching critical lows. What’s going on with NFLX?
Netflix Q2 EarningsNetflix reported second-quarter revenue of $12.56, up 13% year-over-year. The revenue total missed a Street estimate of $12.59 billion, according to data from Benzinga Pro.
Revenue by region was broken down as follows:
UCAN (U.S., Canada): $5.43 billion, +10% year-over-year EMEA (Europe, Middle East, Africa): $4.03 billion, +14% LATAM (Latin America): $1.58 billion, +21% APAC (Asia Pacific): $1.51 billion, +16% The company said its revenue was solid and that it is on track to meet its objectives for the year.
Second-quarter earnings of 80 cents per share beat a Street consensus estimate of 79 cents per share.
Netflix said it is delivering value to members and seeing strong engagement. This includes view hours being up 2% year-over-year in the first half of 2026, despite being up against the Winter Olympics and World Cup.
The company highlights live programming to make up around 5% of its content spend for 2026 and around 1% of view hours. Live events are said to account for six of the top 10 new member sign-up days over the past five years, with live events beginning only in 2023.
Advertising remains a key for the company, with Netflix on track to have over $3 billion in ad-related revenue for 2026. The company said it’s seeing advanced U.S. upfront negotiations and the live events lineup is highlighted as seeing "strong interest."
What’s Next for NetflixNetflix is guiding for third-quarter revenue of $12.86 billion, up 12% year-over-year. The company said the quarter is expected to see growth in memberships, pricing and advertising revenue.
The Street estimate for third-quarter revenue is $13.01 billion.
Third-quarter earnings per share are expected to be 82 cents versus a Street estimate of 84 cents.
Netflix narrowed its full-year revenue guidance from a prior range of $50.70 billion to $51.70 billion to a new range of $51.00 billion to $51.40 billion. The Street estimate is $51.41 billion.
Netflix Stock Price ActionNetflix stock is down 8% to $68.28 in after-hours trading on Thursday, versus a 52-week trading range of $70.86 to $127.75.
Image via Shutterstock
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Netflix projected revenue of $12.9 billion in the current quarter and earnings of 82 cents a share, both a little shy of analysts' expectations. Second quarter results were in line with Wall Street's consensus.
HomeIndustriesMediaEarnings ResultsEarnings ResultsNetflix’s stock is falling in the wake of mixed earnings and a new plan to cut back on the publication of ‘What We Watched’ reportsUpdated July 16, 2026, 4:49 p.m. ET
Netflix’s stock is down around 21% so far this year. Photo: Getty ImagesNetflix has been in Wall Street’s doghouse lately, and its earnings commentary Thursday afternoon sparked even more investor concern.
The streaming giant narrowed its full-year forecast, reported mixed quarterly results and said it would publish viewership data less frequently.
Some people call big banks the bellwethers of the economy. If that's the case, things may not be all that bad, at least judging by the performance of JPMorgan Chase (JPM 1.08%) in the second quarter.
The nation's largest bank had a record quarter, crushing analysts' estimates. JPMorgan Chase generated a record net income of $21.2 billion, up 41% year over year. Earnings were $7.70 per share, up 47% year over year. On an adjusted basis, the bank earned $16.9 billion, or $6.14 per share. The adjustments were related to special items, which consisted mostly of a one-time $4.6 billion gain from its equity stake in Visa. Analysts had expected earnings of $5.59 per share, so this blew past those estimates.
Revenue also set a record, coming in at $57.3 billion, up 28% year over year and significantly above estimates of $51.1 billion. CEO Jamie Dimon said the firm had record revenue across all lines of business.
"It's getting close to as good as it gets," Dimon said on the earnings call. "We just don't know how long it's going to last."
Image source: Getty Images.
Improving outlook It could certainly last a bit longer, as the bank's credit quality also improved.
Net charge-offs, which are bad loans unlikely to be repaid, fell by $44 billion year over year. In Card Services, the net charge-off rate was down to 3.34% from 3.47% in the first quarter. For the full year, JPMorgan Chase lowered its net charge-off rate in Card Services to 3.2%, down from its previous guidance of 3.4%.
Further, the bank lowered its provision for credit losses, which is money set aside for potential losses. It was down 12% year over year to $2.5 billion.
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The bank also raised its net interest income guidance for fiscal 2026 from $103 billion to $105.5 billion.
Investment banking and trading revenue surge Net interest income rose a robust 10% to $25.6 billion, but the real alpha came from noninterest or fee revenue, which surged 45% to $32.4 billion.
Of JPMʻs three main businesses, Commercial and Investment Banking was the earnings driver. Revenue spiked 27%, and earnings rose 46% in this segment. The biggest boost came from investment banking, which saw revenue spike 45% year over year, and its institutional trading business, where revenue soared 33%. Within the trading business, equity market trading revenue skyrocketed 86% to $6 billion, fueled by a major market rally in April and May.
JPMorgan Chase's Asset and Wealth Management business was also a strong performer, with revenue up 19% and earnings rising 33% year over year.
Its Consumer and Community Banking business lagged, but still had a solid 8% revenue increase with net income ticking up 3%.
JPMorgan Chase stock has climbed about 7% since the earnings were reported on July 14. The stock is now up about 7% per share and is trading at 15 times forward earnings. With its strong outlook and relatively low valuation, JPMorgan Chase stock is a strong buy right now.
Johnson & Johnson posted strong Q2 earnings. Sales of its NMDA receptor antagonist, called Spravato, for the treatment of depression, rose 41.1% year-on-year to $584 million in Q2. Also, J&J raised its 2026 adjusted diluted EPS guidance from $11.45-$11.65 to $11.6-$11.75.
United Airlines saw strong demand from travelers in the second quarter despite higher ticket prices caused by surges in the price of fuel, executives said Thursday (July 16) during an earnings call.
“In the quarter, United carried 10 of our highest passenger days in company history, with the highest being over 640,000 customers carried on June 18,” United Airlines President Brett J. Hart said during the call.
Mike Leskinen, executive vice president and chief financial officer at United, said during the call: “United has not seen a measurable demand impact based on the higher fares. In fact, if you zoom out to consider price inflation for travel over the last 10 and 20 years, airfare stands out as a tremendous value. Our customers increasingly desire a better travel experience, and we believe they will continue to pay reasonable prices for it.”
The airline saw growing demand across categories. The total revenue per available seat mile (TRASM) was up 12.1% year over year, indicating strong demand for its products, Andrew Nocella, executive vice president and chief commercial officer at United Airlines, said during the call.
“We observed minimal to no impact on demand from higher price points, a trend we see continuing,” Nocella said.
In terms of passenger revenue per available seat mile (PRASM), domestic was up 12.2% year over year and international was up 12.0%, according to a Thursday news release.
PRASM was up 11.6% year over year in the premium category and 11.5% in the main cabin, Nocella said during the call.
“This is the second quarter in a row where we’ve seen main cabin PRASMs positive after years of below-average performance at an industry level.”
Contracted business revenues were up 27% year over year, with the technology, financial services and professional services sectors leading the way, Nocella said.
“These same positive business demand trends continued into early July and we expect to continue for the remainder of the year,” Nocella said.
Overall, United Airlines CEO Scott Kirby said during the call, “Demand remains robust as we expect both 3Q and 4Q TRASM to grow faster than 2Q’s 12%.”
United Airlines Holdings, Inc. (UAL) Q2 2026 Earnings Call July 16, 2026 10:30 AM EDT
Company Participants
Kristina Munoz - Managing Director of Investor Relations
Scott Kirby - CEO & Director
Brett Hart - President
Andrew Nocella - Executive VP & Chief Commercial Officer
Michael Leskinen - Executive VP & CFO
Toby Enqvist - Executive VP & COO
Conference Call Participants
Catherine O'Brien - Goldman Sachs Group, Inc., Research Division
Andrew Didora - BofA Securities, Research Division
Sheila Kahyaoglu - Jefferies LLC, Research Division
Conor Cunningham - Melius Research LLC
Jamie Baker - JPMorgan Chase & Co, Research Division
Thomas Fitzgerald - TD Cowen, Research Division
Ravi Shanker - Morgan Stanley, Research Division
Scott Group - Wolfe Research, LLC
John Godyn - Citigroup Inc., Research Division
Michael Linenberg - Deutsche Bank AG, Research Division
Brandon Oglenski - Barclays Bank PLC, Research Division
Duane Pfennigwerth - Evercore ISI Institutional Equities, Research Division
David Vernon - Bernstein Institutional Services LLC, Research Division
Savanthi Syth - Raymond James & Associates, Inc., Research Division
Christian Wetherbee - Wells Fargo Securities, LLC, Research Division
Alison Sider
Leslie Josephs
Presentation
Operator
Good morning, and welcome to United Airlines Holdings Earnings Conference Call for the Second Quarter 2026. My name is Regina, and I will be your conference facilitator today. [Operator Instructions] This call is being recorded and is copyrighted. Please note that no portion of the call may be recorded, transcribed or rebroadcast without the company's permission. Your participation implies your consent to our recording of this call. If you do not agree with these terms, simply drop off the line.
I will now turn the presentation over to your host for today's call, Kristina Edwards, Managing Director of Investor Relations. Please go ahead.
Kristina Munoz
Managing Director of Investor Relations
Thank you, Regina. Good morning, everyone, and welcome to United's Second Quarter 2026 Earnings Conference Call. Yesterday, we issued our earnings release, which is available on our website at ir.united.com. Information in
A California man is suing Ford, alleging the automaker plans to keep a projected $1.3 billion tariff-related benefit while maintaining the higher prices it started charging customers — an “unjust windfall” according to the lawsuit.
Jason Bullock, a San Diego resident who purchased a 2025 Ford Mustang Mach-E in February, alleges Ford increased prices and destination fees to offset President Trump’s tariffs before the Supreme Court struck down those duties earlier this year.
According to the complaint, Bullock paid a price that reflected Ford’s tariff-driven increases and has received no reimbursement.
A proposed class action alleges Ford passed tariff costs on to consumers before planning to retain a projected $1.3 billion IEEPA-related benefit. Ford CEO Jim Farley is pictured. USA TODAY Network via Reuters Connect The suit does not specify how much Bullock paid for the car.
The lawsuit argues Ford is now poised to receive a “$1.3 billion adjusted EBIT benefit of IEEPA,” citing the company’s filings with the Securities and Exchange Commission — all while continuing to maintain “flat US industry pricing.”
The complaint contends those disclosures show Ford intends to retain a tariff-related boon rather than pass it on to consumers.
“If Ford retains the IEEPA benefit while also retaining the tariff-related price increases paid by consumers, Ford will receive a double recovery and unjust windfall,” the complaint states.
Bullock is seeking to represent a nationwide class of consumers who purchased or leased new Ford vehicles after the tariff-related price increases took effect.
“We are reviewing the complaint,” a Ford spokesperson told The Post.
“We have a lineup of affordable and accessible vehicles today and we’ll continue to act on that commitment in ways that make sense for customers and dealers.”
Legal experts said the filing alone is unlikely to determine the outcome of the case.
The plaintiff says he purchased a 2025 Ford Mustang Mach-E after the automaker raised prices in response to Trump-era tariffs. Getty Images “An [Earnings Before Interest and Taxes] benefit doesn’t necessarily equal cash in hand,” Bobby Taghavi, managing partner at Sweet James, told The Post.
“Discovery will likely focus on whether that figure represents a gross refund, a net financial benefit after offsets, or simply an accounting adjustment.”
Taghavi said Ford is also likely to challenge whether the case can proceed as a class action.
“Class certification is often the biggest hurdle in consumer cases,” he said.
“Ford will likely argue that pricing decisions varied by vehicle, dealership, and customer, making individual issues outweigh common ones.”
The refund is expected to boost Ford’s Blue and Pro segments rather than go back to buyers, according to the automaker’s disclosures.
President Trump’s 2025 tariff rollout sparked higher costs across the auto industry and is now at the center of a proposed class action against Ford. AP Photo/Mark Schiefelbein The lawsuit stems from Trump’s 2025 tariff regimen, which imposed sweeping import duties under the International Emergency Economic Powers Act on goods from Canada, Mexico and China.
The administration initially imposed 25% tariffs on most imports from Canada and Mexico and a 10% tariff on Chinese goods in February 2025, later raising the rate on China to 20%.
Ford was among the automakers that warned investors the tariffs would drive up costs.
The company said in May 2025 that the trade measures would cost it roughly $1.5 billion for the year and announced price increases on Mexico-built models, including the Bronco Sport, Maverick and Mustang Mach-E, citing the added expense.
Industrywide, the tariffs rippled through the auto sector, disrupting North American supply chains that rely on parts crossing US borders multiple times before final assembly.
Analysts estimated the duties added thousands of dollars to the cost of many imported vehicles, while major automakers including General Motors, Stellantis, Toyota and Volkswagen all disclosed billions of dollars in actual or projected tariff-related costs.
The tariffs ultimately cost global automakers at least $35.4 billion through March 2026, according to an Automotive News analysis of company financial reports.
Verizon Communications announced its second round of layoffs this year. (Patrick T. Fallon/Bloomberg)
Verizon Communications is laying off more workers, reducing the number of company-owned retail stores, and realigning its structure as the nation’s largest wireless carrier continues to cut costs under new CEO Daniel Schulman.
The five biggest U.S. banks reported second-quarter earnings on Tuesday, and their results painted a very bright picture for investors. Economic activity is high across sectors, driven by incredible growth in investment banking. Goldman Sachs (GS 4.91%) was one of the biggest winners.
Goldman Sachs is the biggest investment bank in the country, and its stock is trouncing the market this year, up 31%, tripling the S&P 500's comparable gain. But the impact of a strong market and high initial public offering (IPO) activity isn't limited to Goldman Sachs and the other big banks. In his discussion of the results, CEO David Solomon remarked, "We expect this flywheel of activity to continue."
That statement is great news for all investors.
Image source: Getty Images.
The year of record IPOs Goldman Sachs tried its hand at consumer banking through its Marcus venture, but investment banking has always been its main revenue generator, and this division is a microcosm of general underwriting and mergers-and-acquisitions activity.
Here are some of the second-quarter highlights:
Revenue increased 39% year over year. Global banking and markets increased 53% year over year. Earnings per share were up 92% from last year. Return on tangible common equity (ROCTE) was 25.5%, up from 13.6% last year and 21.3% in the first quarter. Solomon noted that there's heightened activity in artificial intelligence (AI) infrastructure spending, and that the effect is rippling across industries. "This is creating significant opportunities for Goldman Sachs to provide structuring, financing, risk management, and capital markets execution across both public and private markets," he explained. Goldman Sachs is benefiting from the windfall; it has established itself as the leader in this industry over more than a century of operations and has strong relationships and a solid reputation.
One of its high-profile activities in the second quarter was serving as the lead underwriter for the record-shattering IPO of Space Exploration Technologies, from which it took in $100 million. It was also involved in the SK Hynix U.S.-based share offering, and it helped raise $85 billion for Alphabet in a secondary offering.
In total, equity underwriting increased 130% to $985 billion.
What it means for the everyday investor Goldman Sachs is enjoying the robust market activity, but as Solomon notes, there's a ripple effect across industries, driven by AI investment. That implies continued growth in AI and AI-adjacent companies, as well as in most companies keeping up with the trend. It also implies more upside for AI stocks.
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The latest inflation data from the Department of Labor was better than expected, with a 3.5% rise in June, and that's another sign of a strengthening economy.
Investors should still tread carefully; historically, high IPO activity has preceded market crashes. For example, there were 397 IPOs in 2000, right before the market crashed, and it took 20 years to get back to that high. There were a record 1,035 IPOs in 2021 before the S&P 500 lost 19% of its value in 2022.
For now, it looks like the AI flywheel is turning, and it's likely to continue for some time.
Key Takeaways PYPL reportedly received a $53B takeover offer from Stripe and Advent at $60.50 per share.PYPL's Q1 revenues and payment volume grew, but operating income and net income declined.PYPL expects a tougher second quarter with slower revenue growth and a high-single-digit EPS decline. PayPal Holdings, Inc. (PYPL - Free Report) reportedly received a takeover offer worth more than $53 billion from Stripe and private equity firm, Advent International, according to a Reuters report. The proposed price is $60.50 a share, about 28% above PayPal’s closing share price on Tuesday. The offer, submitted earlier this month, is backed by roughly $50 billion of committed bank financing.
Under the proposal, Stripe and Advent would own equal stakes in PayPal rather than split the company. PayPal has not responded, and there is no certainty that the talks will result in a transaction. The bidders reportedly want discussions to move forward in the coming weeks after an initial approach in April, according to that report citing sources.
PayPal reported mixed first-quarter 2026 results. Revenues rose 7% to $8.35 billion, while total payment volume increased 11% to $464 billion. Payment transactions grew 7% to 6.48 billion, and active accounts increased 1% to 439 million.
However, profitability remained under pressure. Non-GAAP operating income fell 5% to $1.54 billion, and non-GAAP net income dropped 7% to $1.23 billion. The non-GAAP operating margin narrowed 229 basis points to 18.4%, while non-GAAP earnings per share (EPS) edged up 1% to $1.34.
The second quarter of 2026 is expected to be more challenging. PayPal expects low-single-digit currency-neutral revenue growth, a low-single-digit decline in transaction margin dollars and a high-single-digit fall in non-GAAP EPS.
How Are Visa & Mastercard Restructuring?Visa (V - Free Report) expanded in Argentina by completing its acquisition of Prisma Medios de Pago and Newpay in February 2026. The businesses add issuer processing, real-time payments, the Banelco ATM network and bill-payment services, broadening Visa beyond international card networking into domestic financial technology. The transaction added two established Argentine payments platforms to Visa’s portfolio.
Mastercard (MA - Free Report) agreed to acquire stablecoin infrastructure company, BVNK, in March 2026. MA valued the proposed acquisition at up to $1.8 billion, including $300 million in contingent consideration. BVNK connects traditional currencies with stablecoins, tokenized deposits and blockchain payment rails, helping Mastercard support faster, programmable value transfers worldwide.
PYPL’s Price Performance, Valuation & EstimatesShares of PayPal have gained 14.4% in the past three months compared with the broader industry and the S&P 500 Index rise.
Image Source: Zacks Investment Research
From a valuation standpoint, PayPal’s shares are trading cheaply, as suggested by the Value Score of A. In terms of forward 12-month P/E, PYPL stock is trading at 10.00X, which is at a significant discount to the Zacks Financial Transaction Services industry’s 17.12X.
Image Source: Zacks Investment Research
PayPal’s estimate revisions reflect a positive trend. The Zacks Consensus Estimate for full-year 2026 EPS has been revised upward to $5.32 in the past month. The consensus estimate for the metric indicates a year-over-year increase of 0.19%.
PayPal (PYPL +2.16%) investors finally got some good news on Wednesday, and it arrived in the form of a takeover offer. Privately held payments company Stripe and private equity firm Advent International have offered $60.50 per share in cash for PayPal, valuing the company at more than $53 billion, CNBC reported.
Shares of the payments specialist soared 17% on the news, closing at $55.52.
Famed investor Michael Burry, best known for his bet against the housing market chronicled in "The Big Short," didn't wait long to weigh in. In a post published Wednesday on his Substack, Cassandra Unchained, Burry, who counts PayPal among his portfolio holdings, wrote that the bid "is at 1.21x IV15 and simply too low."
Is he right? His math, and some of PayPal's own numbers, make a case worth taking seriously.
Image source: PayPal.
Burry's math Burry values companies using intrinsic value, or "IV," estimates. The labels refer to different sets of assumptions, with IV15 representing what a minority investor would pay for shares, by his description.
The problem with the offer, in his view, is that buying a whole company should cost meaningfully more than buying a minority stake.
"A control premium should take any buyout well above IV15, and 21% more is not nearly enough," he wrote.
His estimate of what PayPal is actually worth sits far above the bid.
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"True intrinsic value by my methodology is around IV8-IV10," Burry wrote. "IV10 is $75-$80. IV8 is $110-$115. A buyout should be in that range." Adding a control premium to the low end of that range, he figures a winning bid lands at roughly $100 per share.
And he isn't waiting around to find out at current prices.
"$60.50 is just too low. I am not selling, and I believe it is only an opening bid," he wrote.
Burry's valuation figures are one investor's estimates, of course, not appraisals. But you don't need his framework to see why $60.50 could undersell the company.
PayPal's own numbers help the case The premium is smaller than it looks. The offer came in 28% above Tuesday's closing price of $47.37. But that price followed a brutal stretch for the stock. Shares traded as high as $79.50 within the past year, which means the bid sits about 24% below the stock's own 52-week high.
The offer also looks inexpensive against PayPal's cash generation. The company produced $1.7 billion of adjusted free cash flow in the first quarter alone, up 25% year over year, and it has returned $6 billion to stockholders through share repurchases over the trailing 12 months. At the first quarter's pace of cash generation, a $53 billion price works out to less than eight times a year of adjusted free cash flow. The offer also values PayPal at about 11 times earnings.
To be fair, there's a reason the stock was at $47 in the first place. PayPal's growth has been sluggish. Revenue rose 7% year over year in the first quarter, but transaction margin dollars, a key profitability measure for the company, rose just 3%.
Active accounts came in at 439 million, up only 1% from a year earlier and down slightly from the prior quarter -- user growth has stalled. And management's full-year guidance calls for adjusted earnings per share ranging from a low-single-digit decline to slightly positive.
This is not a business commanding a growth premium. But it doesn't need to be for the bid to look light.
The negotiation itself could push the price higher, too. Stripe was reportedly interested in PayPal as early as February, and the current offer includes roughly $50 billion in committed bank financing. PayPal hasn't responded yet -- CNBC reported that the company's board will meet as soon as Monday, July 20, to discuss the offer. If the board rejects $60.50 as inadequate, the bidders can walk away or raise.
Notably, the market isn't fully convinced. At $55.52, shares trade about 8% below the offer price, suggesting investors see some chance the deal stalls or falls apart. If talks collapse, the stock could give back much of Wednesday's gain.
Ultimately, I think Burry's core point holds up. The offer prices PayPal's free cash flow cheaply, and it sits well below where the stock traded a year ago. Whether that produces a higher bid is out of shareholders' hands. But with the board's response possibly just days away, current shareholders arguably have little reason to rush to the exits at a price below the offer itself.
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Former Intel CEO Pat Gelsinger said the chipmaker didn't have the right kind of leadership for years. Leon Neal/Getty Images Former Intel CEO Pat Gelsinger says he has a hunch when the chipmaker's downfall began.
"I think one of the fundamental things is, and as you look at the great technology companies today, they're deeply technical," Gelsinger told "All-In Podcast" cohost Jason Calacanis during an interview taped at the Raise Summit in Paris.
Gelsinger said when he returned to Intel in 2021, he "was the first technical leader in essentially 15 years associated with it." The former Intel chief said his predecessors had the wrong background.
"When you're making these hardcore technical decisions that affect billions of dollars, you don't do that through a spreadsheet," Gelsinger said. "That's a lousy investment unless the technology trends make it the right investment."
Paul Otellini, who led Intel from 2005 to 2013, was the first non-engineer to lead the company, coming from the business side. Brian Krzanich, who has a degree in chemistry, replaced Otellini after working his way up from his start at a chip factory in New Mexico, and later spent decades working on manufacturing issues. Bob Swan, the final executive before Gelsinger took over, had spent decades in top financial positions, including as CFO of eBay and HP Enterprise Services.
Gelsinger also took issue with the amount of money Intel spent on dividends and shareholder buybacks before he took over. According to Intel's financial filings, the company sent back roughly $79 billion to shareholders through stock buybacks and dividends from 2015 through 2020.
"What I wouldn't have done for another hundred billion dollars on the balance sheet?" he said.
Once a dominant player, Intel declined amid the rise of companies like TSMC and Samsung. As Reuters recounted, Intel's leaders made fateful decisions that led to the company ceding ground to once smaller competitors like ARM and Advanced Micro Devices (AMD).
Intel's standing has improved drastically over the last year, following President Donald Trump's controversial decision for the US government to take a roughly 10% stake in the company. Nvidia, another of Intel's competitors that has surpassed the chipmaker, also bought over roughly $5 billion worth of Intel shares in a deal announced last September, giving the world's largest company by market cap a roughly 4% stake in Intel.
Shares of Intel are now up more than 330% over the past year, thanks to both announcements. Intel has taken a dive over the last month, though, as traders weigh concerns about the company and the broader AI buildout.
Trump's move to take a stake in Intel continued a broader bipartisan push for the US to onshore more domestic advanced chip production amid concerns that TSMC's base in Taiwan is too vulnerable to Beijing's potential actions.
Gelsinger warned of the potential risks if China were to ever completely cut off energy to the island, which it still considers part of its territory.
"When you turn off a fab, it doesn't come back on for 90 days," he said. "The economic impact of a brownout of Taiwan is greater than the Great Depression in the world."
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Brent D. Griffiths You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Brent Griffiths is a senior reporter at Business Insider who covers AI and tech.Previously, he worked at the Washington Post as a researcher on Power Up and the Finance 202. He started his career at Politico where he worked on the web production team and covered breaking news. His passion for covering politics has only grown since he cut his teeth covering the presidential campaign as a student journalist. He's also contributed to the Almanac of American Politics.
International Business Machines Corporation experienced a sharp 25% stock decline after missing revenue and EPS expectations, challenging assumptions about its AI-driven transformation. The selloff reflects IBM's underperformance in mainframes and infrastructure, with management failing to close large deals and infrastructure sales down 7%. Despite the setback, IBM's software segment grew 5% and Red Hat accelerated to 11%, indicating selective strength within its portfolio.
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay Wolke & Rotter LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of International Business Machines Corporation (“IBM” or the “Company”) (NYSE: IBM) investors concerning the Company's possible violations of the federal securities laws.IF YOU ARE AN INVESTOR WHO LOST MONEY ON INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS.
Shares of UnitedHealth Group jumped to their highest level in more than a year Thursday after the health care and insurance giant announced results that handily topped Wall Street expectations.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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The condition is characterized by the presence of high levels of cholesterol in the blood, particularly “bad” LDL cholesterol.
The company said the treatment is the first FDA-approved oral PCSK9 inhibitor and is designed as a once-daily pill to lower LDL cholesterol.
According to the company, the approval was supported by positive results from two pivotal Phase 3 studies in its CORALreef clinical program.
Phase 3 Trials Show Significant LDL-C ReductionsThe FDA approval was based on findings from the Phase 3 CORALreef Lipids and CORALreef HeFH trials.
In the CORALreef Lipids study, patients receiving LIPFENDRA achieved a 56% reduction in LDL-C compared with placebo at week 24.
Under revised post-hoc data handling rules that excluded biologically impossible baseline LDL-C values, the reduction increased to 60%, while placebo patients recorded a 3% increase from baseline.
The trial also showed statistically significant reductions in other lipid measures associated with atherosclerotic cardiovascular disease risk. Non-high-density lipoprotein cholesterol fell by 54%, while apolipoprotein B declined by 50%.
CORALreef HeFH Results Support ApprovalIn the CORALreef HeFH trial involving adults with heterozygous familial hypercholesterolemia, LIPFENDRA reduced LDL-C by 59% compared with placebo at week 24.
From baseline, LDL-C declined by 58% in the treatment group, while placebo participants saw a 3% increase.
The study also reported a 52% reduction in non-HDL cholesterol and a 48% decline in apolipoprotein B compared with placebo.
Merck said an ongoing clinical trial is evaluating whether LIPFENDRA can reduce cardiovascular morbidity and mortality. The company noted that it has not yet been established whether the treatment lowers the risk of cardiovascular events or death.
MRK Price Action: Merck & Co shares were up 3.61% at $128.07 at the time of publication on Thursday. The stock is trading near its 52-week high of $130.29, according to Benzinga Pro data.
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Chevron reportedly plans to sign early-stage deals Friday to invest in Iraqi oil fields and consider the construction of a pipeline connecting Iraq’s reservoirs to the Syrian coast as oil majors seek workarounds for the Strait of Hormuz.
As the US and Iran have renewed strikes in the Middle East, major oil producers – including Iraq – have been desperately searching for alternatives to the strait, a vital maritime route for 20% of the world’s oil supplies that has been effectively blockaded during the war.
Nations across the Persian Gulf have poured billions of dollars into new pipelines, rail corridors and energy storage hubs to skirt around the strait – and now Chevron is considering getting in on the action, according to the Wall Street Journal.
Chevron reportedly plans to sign early-stage deals in Iraqi oil fields. Anadolu via Getty Images The Houston, Tex.-based oil major is considering rebuilding a pipeline from Kirkuk, Iraq, to the Syrian port of Baniyas on the Mediterranean Sea, a senior Chevron official told the outlet.
An oil pipeline tracing along that route has been shut down for more than two decades after it was badly damaged in 2003 during the US’ invasion of Iraq.
Chevron will join a consortium of investors that plan to conduct studies to determine whether they should build a new pipeline in its place or update existing infrastructure, according to the exec.
The company has been in talks with the Iraqi government for 12 to 18 months and the preliminary deals are a “long ways from the finish line,” he said.
On Thursday, Iraqi Prime Minister Ali Al Zaidi visited Chevron’s headquarters in downtown Houston to meet a group led by Chevron Vice Chairman Mark Nelson.
The prime minister met with President Trump in the Oval Office on Tuesday.
“The United States is facilitating conversation between Iraq and Syria on future energy development projects and supports the growing diplomatic relationship between the two countries,” a senior Trump administration official told The Post.
Iraqi Prime Minister Ali Al Zaidi (above) met with President Trump in the Oval Office Tuesday. Graeme Sloan – Pool via CNP/Shutterstock Chevron confirmed it is discussing possible investments in two Iraqi oil fields, the Nasiriyah and West-Qurna-2.
“Chevron looks forward to sharing its expertise in successfully developing oil and gas projects to support Iraq in further developing its energy resources,” a spokesperson told The Post.
The company declined to comment on reported talks about a pipeline, saying it does not comment on third-party statements or commercial matters.
The news comes as strikes ramped up in the Middle East this week after President Trump announced a ceasefire with Iran was “over,” reversing declines in gasoline prices.
On Thursday, American diesel prices rose above $5 a gallon again, hitting an average price of $5.01, according to AAA.
Regular gasoline prices hit $3.94 a gallon Thursday – below its peak of $4.56 in the spring, but on the incline again and about 10 cents higher than this time last week.
Diesel prices rose above $5 a gallon again Thursday. Weston Hancock/SOPA Images/Shutterstock As the on-and-off blockade of the Strait of Hormuz has caused the worst-ever global energy supply disruption, experts have warned it could take many months for gasoline to fall below the $3 level – and that’s only if a permanent peace deal to keep the strait open is reached.
Trump said this week that the strait is reopened for all nations except Iran, but safety concerns remain as Tehran is still able to strike at commercial shipping vessels in the waterway.
Elevated energy prices have already started to weigh on households, but it has yet to be seen whether they will have a lasting inflationary effect – as economists warn higher fuel prices could hike costs for food, apparel, furniture and virtually anything that travels via truck.
Economic data released this week indicated higher energy prices have yet to fully bleed through to consumer goods – but Federal Reserve officials warned one good inflation report isn’t enough to dispel concerns.
The White House did not immediately respond to The Post’s request for comment.
