Tag

Q3 2026 Earnings

All articles tagged with #q3 2026 earnings

Samsung Posts Record $80B Q3 Profit as AI Memory Demand Surges 782%

Samsung Electronics reported preliminary third-quarter operating profit of 107.4 trillion won ($80.2 billion), a 782% year-over-year increase, marking the first time the company exceeded 100 trillion won in a single quarter. Revenue is forecast at approximately 195 trillion won, up 127% from the same period last year. The surge is driven by robust demand for memory chips used in AI data centers, with Samsung competing alongside SK Hynix and Micron. Despite the record-breaking figures, Samsung shares dipped 0.7% as investors felt the performance fell short of elevated expectations. Full earnings details, including divisional breakdowns, are expected later in October.

via BBC|

#ai-memory-chips #mistral-ai #q3-2026-earnings

business7 days ago•17 min saved

Rivian Q3 Deliveries Surge 45% as R2 Launch Defies EV Market Decline

Rivian reported a 45% increase in third-quarter vehicle deliveries, reaching 19,248 units, driven by the launch of its more affordable R2 model. Production rose 85% year-over-year to 19,751 vehicles at its Normal, Illinois facility. The company reaffirmed its full-year 2026 guidance of 65,000 to 70,000 deliveries. This growth stands in contrast to the broader electric vehicle market, which saw a 24% decline in sales following the elimination of the federal tax credit. While Rivian’s stock initially dipped due to market expectations, it subsequently rose 4% as investors reacted to the strong delivery numbers and reaffirmed outlook.

via theverge.com|

#business #electric-vehicles #market-analysis

business2 months ago•4 min saved

Cook backs Ternus as Apple’s next era begins on final earnings call

On Apple's Q3 2026 earnings call, Tim Cook announced it would be his last as CEO and voiced strong confidence in successor John Ternus, signaling a smooth transition as Ternus steps into the top role; Apple posted $109.4 billion in quarterly revenue (including $54.3 billion from iPhones) and a net profit of $29.8 billion, underscoring a steady path for Apple’s post-Cook era.

via mashable.com|

#apple #business #john-ternus