🚀 Key Earnings Reports

Market Overview
Read time 1.4 minutes

Year To Date Performances:

1. Alphabet beat Q2 earnings expectations, posting $96.43 billion in revenue and $2.31 in EPS, but surprised the market by hiking its 2025 capital expenditure forecast by $10 billion to $85 billion, citing soaring demand for its Cloud products. Revenue grew 14% year-over-year, with strong showings from Google Search ($54.19B), YouTube ads ($9.8B), and Cloud ($13.62B, up 31%). Despite rising AI infrastructure costs, net income jumped 20% to $28.2 billion. Its moonshot "Other Bets" brought in $373 million but lost $1.25 billion. Shares dipped slightly after hours despite the strong report.

2. Tesla missed Q2 expectations as auto revenue dropped 16% year-over-year to $16.7 billion, marking a second straight quarterly decline. EPS came in at 40 cents (vs. 43 cents expected), and total revenue hit $22.5 billion, falling short of forecasts. Sales slumped amid backlash against Elon Musk’s political involvement and growing competition from cheaper, tech-rich EVs, especially in China. Tesla’s net income fell to $1.17 billion, and vehicle deliveries dropped 14%. Shares are down 18% YTD, worst among tech megacaps. Musk touted progress on robotaxis and humanoid robots, but analysts warn near-term financial impact is minimal.

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4. Chipotle shares sank 9% after the company cut its 2025 same-store sales forecast to flat growth, down from a prior estimate of low single digits, following a 4.9% drop in Q2 traffic. Revenue came in at $3.06 billion, missing expectations of $3.11 billion, though earnings per share matched forecasts at 33 cents adjusted. Same-store sales declined 4%, which is worse than the 2.9% drop analysts had expected. CEO Scott Boatwright said sales began to rebound in June due to new menu items and promotions, but economic concerns, extreme weather, and weakened consumer sentiment had weighed down sales earlier in the year.

   Headlines

   1. IBM beat its earnings expectations and forecasted higher cash flows than expected.

   2. GoPro and Krispy Kreme are benefiting from “meme trading,” causing volatility in their stocks.

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