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It posted a very strong quarterly earnings report.

Engineering and automation solutions company Emerson (NYSE:EMR) reported revenue ahead of Wall Street’s expectations in Q2 CY2026, with sales up 7% year on year to $4.87 billion. The company expects next quarter’s revenue to be around $5.1 billion, close to analysts’ estimates. Its non-GAAP profit of $1.71 per share was 2% above analysts’ consensus estimates.

Aerospace and defense company Kratos (NASDAQ:KTOS) reported Q2 CY2026 results beating Wall Street’s revenue expectations, with sales up 30.5% year on year to $458.8 million. Guidance for next quarter’s revenue was better than expected at $470 million at the midpoint, 1.1% above analysts’ estimates. Its non-GAAP profit of $0.21 per share was 44.4% above analysts’ consensus estimates.

U.S. stocks surged and oil fell sharply after Treasury Secretary Scott Bessent said the U.S. could reach a deal with Iran to reopen the Strait of Hormuz “today or tomorrow.”

The entertainment company is set to report fiscal third-quarter earnings ahead of Wednesday’s opening bell.

AMD (AMD) reported second quarter results on Tuesday after the closing bell. Adjusted earnings per share (EPS) came in at $1.66 (compared to analyst estimates of $1.62), and revenue came in at $11.54 billion (compared to analyst estimates of $11.31 billion). Yahoo Finance's Josh Lipton takes a closer look at the breaking numbers, including capex.

Intel Stock Roars Back 10% as Investors Rush Into Chip Stocks

Stocks notched new record highs on Tuesday as oil prices dipped and companies reported healthy profits.

Execution risk is starting to separate the neocloud leaders

Wall Street saw a record-setting session on Tuesday thanks to a reignited tech stock rally. The S&P 500 gained 1.8%, breaking out to a fresh closing high, its first record in over two months. Tech stocks led the rally, sending the Nasdaq up 2.6%.

By Deena Beasley Aug 3 (Reuters) - Amgen on Tuesday reported second-quarter sales rose 9%, driven by demand for cholesterol drug Repatha, bone drug Evenity and medications for rare diseases, as the

SpaceX reported on Tuesday a 92% rise in revenue for the April-June quarter, in its first earnings since going public, buoyed by strong growth in its Starlink satellite-internet and AI businesses. The company said it invested $18.37 billion in AI infrastructure, Starship and Starlink expansion. The stock could face additional pressure from the expiry of SpaceX's post-IPO lock-up period starting on Thursday, which may unleash a wave of insider and early-investor shares on the market.

SpaceX reported first-quarter sales of $7.8 billion and earnings before interest, taxes, depreciation, and amortization, or Ebitda, of $3.5 billion. Wall Street was looking for $6.8 billion and Ebitda of $2.

By Deena Beasley Aug 4 (Reuters) - Gilead Sciences on Tuesday reported second-quarter product sales rose 8%, led by double-digit gains for its HIV drugs, but it posted a quarterly loss due to costs

Micron Technology Inc (NASDAQ:MU) remains a ‘Bu’y at Bank of America, which reiterated its $1,550 price target and viewed the recent pullback in the stock as an enhanced buying opportunity as end-demand, particularly from cloud and AI infrastructure, remains solidly on track. Shares of Micron...

Micron Stock Rises on New AI Storage Push With Microchip Technology

(Updates with index/price moves and geopolitical news from the first paragraph.) US equity indexe

AMD is riding AI momentum with major partnerships and a 34% revenue surge, while Intel battles losses and restructuring.

Palantir just posted its biggest single-day earnings surge ever, and CEO Alex Karp spent the moment torching the frontier AI labs instead of celebrating. Here is why the market finally believes him.

Freeport-McMoRan, Teck Resources and the United States Copper Index Fund ETF were among copper plays flashing buy points on Tuesday. Rare earth stocks also were lighting up, some with double-digit percentage gains. The bullish moves in industrial metals comes as oil prices retreat on reported progress toward a deal to reopen the Strait of Hormuz, a positive for global growth at a time that the AI infrastructure buildout has U.S. nonresidential construction humming.

Dow Jones AI giant Microsoft stock is breaking out past a buy point following last week's earnings-fueled surge that saw the stock rally 21%.

PANW typically outperforms in August

Spotify Technology S.A. has reported its second-quarter 2026 results, lifting revenue to €4.78 billion and turning last year’s net loss into €545 million in net income, while also issuing third-quarter guidance that includes expected revenue of about €5.00 billion, operating income of €670 million and a projected gross margin of 32.9%. The company crossed a historic threshold of 300 million Premium subscribers and highlighted new AI-powered personalization features plus a Merlin licensing...

Revvity beats Q2 earnings and sales estimates as Diagnostics growth, wider margins and strong cash flow support a higher 2026 outlook.

FSN E-Commerce Ventures Ltd (BOM:543384) reports robust Q1 FY27 results with record profitability, strategic Nike partnership traction, and rapid expansion of Nyka Now quick-commerce.

Shares of online community and discussion platform Reddit (NYSE:RDDT) jumped 11% in the afternoon session after investors revisited the company's strong second-quarter earnings results, prompting a rebound from a recent sell-off. The stock had previously fallen more than 20% after the earnings release, despite the company beating estimates. That drop was fueled by investor fears over "choppy" search referral traffic from Google and the absence of new AI data licensing deals. However, the underly

One burns $1.1B in cash annually while the other generates $351.6M, a stark divide in financial health that reshapes the growth-vs.-stability debate.

Pattern Group is finding support at its 50-day moving average as the stock carves a base that could offer a proper buy point at 29.80.

Wix.com (WIX) shares jumped Tuesday after the Israeli web development platform reported better-than-

T-Mobile US continues adding subscribers and expanding broadband, but can strong growth keep justifying its premium valuation amid intense wireless competition?