Azure Growth Eases Concerns Over Microsoft’s Heavy AI Spending
Microsoft beats Q4 estimates with $90B revenue and Azure up 43%. Cloud revenue reaches $59.3B as AI demand eases concerns over heavy spending.
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#Earnings Movers↓
Qualcomm’s Handset Business Slumps 20% While Non-Phone Growth Accelerates
Qualcomm Q3 revenue hits $9.9B at high end of guide. Auto & IoT grow 28%, but rising costs and Apple supply issues pressure outlook.
VF Beats Guidance but Vans Weakness and Earnings Miss Send Shares Lower
VF Corp beat revenue guidance and raised its full-year outlook, yet an earnings miss and ongoing Vans pressure sent shares lower.
Parsons Posts Loss, Slashes 2026 Outlook as It Reshapes Portfolio
Parsons shares crashed after a $15.2M Q2 loss and sharp cuts to 2026 revenue and EBITDA guidance from portfolio reshaping.
Garmin Raises Full-Year Outlook After Strong Wearables Demand in Q2
Garmin raises full-year targets to $8.05B revenue and $10 EPS after Q2 sales hit $2.02B, led by 25% fitness growth from wearables demand.
Data Centers Power Generac’s Q2 Beat: Sales Up 11%, Margins Surge
Generac secures a second global supply deal with a hyperscale data center customer, lifting its backlog to $1.6B and powering strong Q2 growth.