Tag: quarterly revenue
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SpaceX quarterly revenue jumps, beats estimates as AI business surges
Oct 20 : Elon Musk’s SpaceX on Tuesday reported a 161 per cent rise in revenue for the third quarter, beating estimates, buoyed by a surge in its AI business and steady growth at its Starlink satellite-internet unit.Revenue in the third quarter stood at $14.58 billion, compared with analysts’ estimate of $12.
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Micron forecasts quarterly revenue, profit above estimates on AI memory demand
Sept 30 : Micron Technology forecast quarterly revenue above estimates on Wednesday, signaling it expects the AI-driven memory chip boom to continue powering its growth.Shares of the Boise, Idaho-based company rose over 1 per cent in extended trading. The stock has more than tripled so far this year.Th
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Oracle’s quarterly revenue beats estimates as AI boom drives cloud demand
Sept 10 : Oracle topped Wall Street expectations for first-quarter revenue on Thursday and lifted its annual profit forecast, boosted by strong demand for its cloud computing services from surging enterprise spending on AI. Shares of the company, which have fallen more than 20 per cent this year, rose nearly
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Nebius beats quarterly revenue estimates as AI demand fuels growth
Aug 12 : Nebius Group surpassed second-quarter revenue estimates on Wednesday as booming demand for AI infrastructure and cloud services helped the company win larger contracts and raise prices for computing capacity, sending its shares up 12 per cent in premarket trading.The Amsterdam-based AI infrastructure
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CoreWeave beats quarterly revenue estimates as AI cloud demand surges
Aug 11 : CoreWeave topped Wall Street estimates for quarterly revenue on Tuesday and posted a smaller-than-expected loss, driven by strong demand for its AI cloud computing services, sending its shares about 14 per cent higher in extended trading. So-called neoclouds such as CoreWeave and peer Nebius, which o
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CoreWeave edges past quarterly revenue estimates
Aug 11 : AI cloud company CoreWeave edged past Wall Street estimates for quarterly revenue on Tuesday, driven by strong demand for its computing services that power AI systems. Shares of the company were up more than 4 per cent in extended trading. They have risen more than 22 per cent so far this year.
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Microchip Tech forecasts upbeat quarterly revenue on strong demand
(Corrects share movement in fourth bullet to up 7 per cent from down 4 per cent)Aug 6 : Microchip Technology forecast second-quarter revenue and profit above Wall Street estimates on Thursday, on strengthening demand for its chips used in AI data centers as well as the industrial, automotive and aerospace se
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Roku beats quarterly revenue estimates on advertising, subscriptions strength
Aug 6 : Streaming platform Roku on Thursday reported second-quarter revenue that beat Wall Street estimates, driven by its advertising and subscriptions segments.Roku is awaiting the closure of a deal to be acquired by Fox Corp for$22 billion, uniting the broadcaster’s content empire with Roku’s streaming di
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Sandisk forecasts upbeat quarterly revenue on AI-driven demand
Aug 5 : Sandisk forecast quarterly revenue above estimates on Wednesday, banking on rising demand for its memory chips used in AI data centers.Shares of the Milpitas, California-based company fell more than 3 per cent in extended trading, after rising more than five-fold this year alongside a broader rally in
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Duolingo’s soft quarterly revenue outlook overshadows stronger user growth forecast
Aug 5 : Duolingo forecast third-quarter revenue below Wall Street expectations on Wednesday, tempering optimism from its stronger user growth forecast as the language-learning company prioritizes boosting engagement over near-term monetization.Its shares slumped more than 10 per cent in extended trading.
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