All articles tagged with #revenue growth
Bloom Energy posted $1.1B in Q2 2026 revenue, a sharp rise that far eclipses Plug Power’s roughly $178M, as Bloom benefits from strong demand for onsite fuel-cell power in AI data centers and a multibillion-dollar Brookfield partnership. Plug Power is turning around with stabilizing revenue and higher guidance, but the revenue gap remains large, cementing Bloom Energy’s lead in the AI-revenue race.
Palantir reported a blowout Q2 FY26 with EPS of $0.41 (beat estimates by 46%), as US commercial revenue jumped 149% year over year, contributing to 93% top-line growth and a Rule of 40 score of 155%. Management lifted FY26 revenue guidance to about $8.15–$8.16 billion with free cash flow of $1.22 billion, while the stock trades at a rich forward multiple (around 108x). 24/7 Wall St. sets a $212.42 price target, implying roughly 21% upside, driven by a large US commercial pipeline and a remaining deal value of $13.1 billion. Risks include an aggressive valuation, SBC costs, and a US-centric revenue mix (over 81%), though bulls argue AI and defense programs (Maven) could sustain growth; the key question is whether the stock can keep up with the pace of execution.
OpenAI CFO Sarah Friar told investors that enterprise customers now account for the majority of revenue, surpassing the ChatGPT-driven consumer business, with a $40 billion annualized run rate and rapid enterprise growth; executives addressed leadership changes, open-source competition, and a growing advertising business while signaling pricing efficiency and continued focus on monetizing enterprise use.
Sandisk jumped more than 15% after Investor Day unveiled targets through fiscal 2030, with projected revenue rising in the mid-to-high teens from 2028–2030, adjusted gross margins around 80% and adjusted operating margins near 75%. Management aims for about 50% adjusted free cash flow margin, keeps operating expenses around 5% of revenue, and plans to return excess cash to shareholders, leveraging its NAND flash business and long-term customer relationships amid questions about sustaining memory demand.
Ondas, a Palantir-backed drone company, reported a 1,236% jump in quarterly revenue driven by demand for its autonomous aircraft systems, but posted a wider-than-expected loss, sending its stock lower despite the revenue surge.
Nebius Group N.V. topped its second‑quarter revenue forecast with $582.3 million for the quarter ended June, as booming demand for AI infrastructure fueled growth. The core AI cloud business—about 98% of group revenue—rose more than 500%, and the company closed four landmark AI cloud deals averaging over $1 billion in total contract value, lifting TCV nearly fourfold quarter‑over‑quarter and enabling higher pricing for next‑gen chips and older GPUs. About 70% of deals included prepayments, and Nebius reaffirmed its 2026 outlook as shares rose in premarket trading.
Hims & Hers Health reported Q2 2026 revenue of $753.2 million, up 38% year over year, with about 2.89 million subscribers; net loss was $86.3 million, while Adjusted EBITDA was $60.3 million and free cash flow was −$68.2 million. The company raised full-year 2026 guidance to revenue of $3.1–$3.3 billion and Adjusted EBITDA of $275–$325 million, aided by AI-driven efficiencies and rapid international expansion (including the June closing of Eucalyptus), with longer-term targets of at least $6.5 billion in revenue and $1.3 billion in Adjusted EBITDA by 2030.
Argus Research upgraded SpaceX (SPCX) to Buy with a $160 target, arguing that rapid revenue growth could justify a high valuation despite large AI infrastructure and other capital spending. SpaceX posted Q2 revenue of $7.8B (up 92% year over year) but a larger loss, while Argus expects the company’s revenue run rate to reach about $100B by end-2026 and around $110B in 2027. The bullish view hinges on translating AI investments into sustained revenue, with key risks including steep spending, potential insider-share liquidity expanding the tradable float, and whether the 2027 revenue targets can support roughly a 20x forward revenue multiple. Watch AI infra utilization, capital spending, operating losses, and progress toward the revenue milestones; the lock-up schedule could act as a near-term catalyst.
Palantir beat Q2 estimates with revenue of $1.94B and adjusted EPS of $0.41, prompting a roughly 16% premarket jump as it raised 2026 revenue guidance to $8.16B. US commercial revenue surged 149% YoY and total revenue rose 93% YoY; government revenue increased 90% YoY. The company closed 220 deals worth $1M+ (98 at $5M+, 73 at $10M+), and adjusted free cash flow reached $1.22B. Palantir also noted Maven’s Pentagon program of record and argued its platform delivers measurable ROI amid the AI shift.
Snap posted a Q2 2026 beat with revenue of $1.6B and adjusted earnings of $250M, narrowing losses to 10 cents per share on a GAAP basis. Global DAU rose to 493M with ARPU of $3.25, and management raised full-year AI/infrastructure costs guidance by $50M to $1.65–$1.70B. For Q3, Snap guided $1.7–$1.74B in revenue and $300–$350M in adjusted earnings, aided by stronger ad demand and World Cup spend, while preparing to ship its AR Specs glasses later this year.
Meta Platforms posted Q2 revenue of $60.8 billion, up 28% year over year, but earnings per share fell to $6.18 and free cash flow plunged about 91% to $784 million as heavy AI investments weighed on margins. CEO Mark Zuckerberg indicated Meta is exploring a cloud-computing business, including potential compute rentals to Anthropic, signaling a new growth engine alongside a strong ad business and 3.6 billion daily active users.
Reddit topped Q2 estimates with $805 million in revenue (up 61% YoY) and $1.25 per share, as net income reached $253 million, and the company guided Q3 revenue to $860–$870 million with adjusted earnings of $385–$395 million. Growth was aided by international ad expansion and higher data-licensing revenue (OpenAI and Google), but management warned that search referrals from Google were choppy and traffic remained volatile, prompting an after-hours stock drop.
Reddit delivered a strong Q2 with revenue up 61% to $805 million and net income of $253 million, driven by a 64% rise in advertising and an 84% jump in international monetization; gross margin expanded to 91.3% and adjusted EBITDA rose to $343 million. Global daily active users rose 18% to 130.3 million, with weekly uniques surpassing 514.6 million. For Q3, Reddit guided revenue of $860–$870 million and EBITDA of $385–$395 million. Despite the solid results, the stock fell about 9% in pre-market trading after concerns about a decline in US DAUs and questions about the pace of US user growth.
SoFi Technologies reported strong Q2 2026 results with adjusted net revenue of about $1.2 billion (up ~40% YoY), adjusted EBITDA of $358 million (30% margin), and adjusted net income of $160 million ($0.12 per share). Loan originations reached a quarterly record of $14.8 billion, with 1.1 million new members bringing total membership to 15.8 million. SoFi Plus and SoFi Coach boosted products per member, while net interest income was $790 million and cash revenue topped $1 billion for the third straight quarter. Deposits rose to $45.5 billion. For full-year 2026, SoFi guided adjusted net revenue of $4.75–$4.85 billion, adjusted EBITDA around $1.6 billion, and EPS near $0.60, though management emphasized continued reinvestment for growth and cautioned about higher taxes and potential rate increases affecting profitability.
SoFi reported record Q2 revenue of $1.21 billion (up 43% year over year) and raised its full-year 2026 revenue guidance to $4.75–$4.85 billion, while keeping EBITDA around $1.6 billion and adjusted EPS near $0.60; CEO Anthony Noto called 2026 a defining year as the company shows durable growth, even as shares fell in pre-market trading.