All articles tagged with #q2 2026
Intel beat Q2 estimates with EPS of $0.38 on $16.1 billion revenue, vs. $0.21 and $14.43B expected, and guided Q3 revenue to $15.8–$16.8B (above consensus). Data-center revenue reached about $6.3B and client computing about $8.9B; the company is boosting AI-focused investments and its foundry efforts. Intel also announced layoffs in its data-center unit as part of a broader restructuring. Shares jumped roughly 7% on the news.
Google reported $119.8B in revenue for Q2 2026, but its aggressive AI infrastructure spending—about $44.9B in the quarter—pushed free cash flow to -$5.8B for the first time. Operating cash flow was roughly $39.1B; management now envisions 2026 capex up to $205B as Google expands data centers and Gemini chips. Revenue remains strong across Search, Cloud, YouTube, and subscriptions, yet investors are weighing AI costs and profitability going forward.
American Airlines posted net income of $71 million in Q2 2026, an 88% drop from a year earlier, as fuel costs rose and costs increased; the first half shows a $311 million loss after a $382 million loss in Q1. Delta and United also faced declines, but AA’s full-year guidance has narrowed to an EPS range of -$0.65 to +$0.65, far weaker than earlier targets, making a profitable 2026 unlikely despite optimism from CEO Isom.
ServiceNow reported a strong Q2 2026, topping guidance with subscription revenues of $3.877B (up 24.5% YoY, 23% CC) and total revenues of $3.987B (up 24%). cRPO reached $13.2B and total RPO $29.0B (both ~21% higher YoY). The AI platform crossed $1B in annual contract value and the company raised its full-year subscription revenue outlook to about $15.76B–$15.78B. Highlights include 123 net-new ACV deals above $1M and 658 customers with >$5M ACV, along with ongoing profitability and cash-flow strength. ServiceNow reaffirmed long-term goals, including ambitious targets tied to AI-driven growth and the Rule of 60+ by 2030.
IBM reported Q2 adjusted EPS of $2.93 on $17.2B revenue (miss vs $3.01 and $17.9B expected), and cut its full-year constant-currency revenue growth guidance to 4%-5% (midpoint 4.5%), below prior >5% target. The company still expects about $1B in higher free cash flow YoY. Software revenue rose 5% (Hybrid Cloud/Red Hat +11%, Data +19%); Consulting was flat, Infrastructure fell 7% as IBM Z declined, offset by a 37% rise in Distributed Infrastructure. Six-month free cash flow was $4.8B. Despite the miss, IBM shares rose roughly 3% after a prior profit warning, with management sticking to margin expansion and growth opportunities.
General Motors is set to report its Q2 2026 results before the bell, with analysts expecting adjusted EPS of $3.20 on about $47.01 billion in revenue. The print would be roughly 26% higher in EPS year over year and 0.2% lower in revenue. GM will host an 8:30 a.m. ET conference call, while investors watch tariffs, pricing and DRAM costs; the automaker also raised its 2026 adjusted earnings guidance to $13.5–$15.5 billion (about $11.50–$13.50 per share).
Huawei sold more foldables in Q2 2026 than Samsung, Motorola, and Honor combined, grabbing about 48% of the global foldable market while Samsung hovered around 13%. Honor jumped 82% YoY, with Motorola slipping, as the quarter saw roughly 3.4 million foldable units shipped. Huawei’s strength comes from models like the Mate X7 and the new Pura X Max, while Samsung faces China-market headwinds and awaits the Galaxy Z Fold 8/Flip 8 launches. Analysts still expect Apple to challenge for the top foldable vendor by 2027, highlighting a rapidly evolving market.
Netflix posted Q2 revenue of $12.56 billion and earnings of $0.80 per share, roughly in line with expectations, with a 33.4% operating margin. For Q3, it guided revenue growth of about 11.7% to around $12.86 billion and a 33.2% margin, below some analyst estimates, sending the stock lower in after-hours trading (as much as ~9%). The company cited healthy engagement and a planned annual viewership report starting 2027, reiterated a $3 billion ad-revenue target for 2026, and disclosed a $25 billion stock-buyback authorization with about $4.7 billion bought back in the quarter. It also narrowed full-year 2026 revenue guidance to $51.0–$51.4 billion and kept operating margin guidance around 31.5%.
Netflix shares fell 9% after-hours following a mixed Q2 report: revenue of $12.56 billion versus a $12.58 billion consensus and earnings of $0.80 per share, a penny above estimates. The company logged 97 billion hours watched in the first half of 2026, up 2% year over year, but engagement remains a concern as competition from YouTube and TikTok intensifies. Netflix forecast about 12% revenue growth for Q3 and reiterated a 2026 ad-revenue goal of roughly $3 billion, even as its stock sits near an 18‑month low amid investor scrutiny of growth and recent M&A moves like the Warner Bros. Discovery bid.
Abbott reported 2Q26 sales of $12.59B, up 13% on a reported basis (4.8% comparable), with GAAP diluted EPS of $0.53 and adjusted EPS of $1.31; it reaffirmed full-year 2026 comparable sales growth of 6.5%–7.5% and raised adjusted diluted EPS guidance to $5.45–$5.60. The company returned about $2.1B to shareholders via dividends and buybacks, highlighted progress on the TECTONIC U.S. IVL trial, shared late-breaking data for pulsed field ablation and conduction system pacing, secured a CE Mark for Libre Duo, and advanced Amulet 360 LAA with an FDA submission. Abbott also declared its 410th consecutive quarterly dividend and noted the Exact Sciences acquisition is reflected in the results.
Morgan Stanley posted record Q2 2026 results with EPS of $3.46 on revenue of $21.35B (up 58% and 27% respectively), driven by a 69% surge in equities trading and a profit of $5.58B; the bank will hold a conference call at 8:30 a.m. ET to discuss outlook for the year.
JPMorgan Chase topped expectations for Q2 2026, delivering $57.3 billion in net revenue and $7.70 per-share on a reported basis ($6.14 ex-items), well above a $5.44 consensus. Revenue rose across all lines to record highs, led by Markets (up 35% YoY to $12.1B), Investment Banking fees up 30%, and AWM with $5.1 trillion in assets. ROTCE reached 23% and CET1 ratio was 14.1%. The company returned $6.2 billion via buybacks and paid a $1.50 quarterly dividend. CEO Jamie Dimon cited resilience in the U.S. economy amid AI-driven investment and fiscal stimulus, while flagging geopolitical tensions, sticky inflation, and high asset prices as ongoing risks.
Tesla reported about 480,000 global vehicle deliveries in Q2 2026, up 25% year over year and ahead of expectations, driven mainly by the Model 3 and Model Y (roughly 468,000 units) with Cybertruck and Model X totaling around 12,000. The company is expanding the Berlin Gigafactory to 7,500 vehicles per week by October, aided by German EV subsidies. Shares fell about 7% after the results, despite the first year-over-year delivery growth in two years.
Tesla reported Q2 production of 451,758 and 480,126 deliveries, well above consensus (roughly 396k–408k from Bloomberg/IR/Goldman/Morgan Stanley), effectively clearing its earlier backlog and marking ~25% year‑over‑year growth. The strong print suggests robust demand and an unwind of vehicle inventory, with analysts lifting or reaffirming 2026 targets as a result. Geographic delivery details weren’t disclosed, but the beat reinforces a more positive near‑term narrative for Tesla’s auto business.
Rivian posted Q2 2026 production of 12,613 vehicles and deliveries of 12,194 (above its 9,000–11,000 forecast), and raised its full-year 2026 delivery guidance to 65,000–70,000 vehicles, signaling improved supply and stronger demand; Q2 results are due July 30 with an accompanying webcast.