# Earnings Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Earnings", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Shareholders' Accurate Reduction of 1.4 Billion Shares, Under Heavy Performance Pressure, Meish Technology Makes an Emergency Cross-Border Move into Indium Phosphide

Domestic distributed audio-visual and AI vision solutions provider Meish Technology (001229.SZ), despite its AI concept, has shown signs of fatigue shortly after listing, with consecutive declines in revenue and net profit. Amid this pressure, the company is making an urgent foray into the hot "indium phosphide" semiconductor concept. The company moved swiftly, establishing a wholly-owned subsidiary in July and holding an extraordinary shareholders' meeting in August to authorize management to advance the project. This rapid capital operation is seen as a move to tap into the AI computing power industry chain. However, behind this "cross-border self-rescue" lies deep pressure on fundamental performance, precise high-level减持 by a major shareholder who cashed out approximately 142 million yuan just before the stock price peaked, and the new business remaining at a very preliminary "blueprint" stage with no substantive impact on performance yet. Meish Tech's core business of "distributed audio-video control systems" faces intense competition. While maintaining high gross margins, its revenue growth and profit growth have seriously diverged. Although its AI business revenue surged in 2025, it failed to halt the overall profit decline. Since its 2022 IPO, the company's performance has declined, with 2026 first-quarter results even showing a loss. The half-year 2026 forecast predicts a profit plunge of over 70% year-on-year. In this context, the跨界 into the high-tech barrier, capital-intensive indium phosphide field appears more like a gamble driven by market valuation concerns than a strategy based on deep technical积累.

marsbit08/06 13:05

Shareholders' Accurate Reduction of 1.4 Billion Shares, Under Heavy Performance Pressure, Meish Technology Makes an Emergency Cross-Border Move into Indium Phosphide

marsbit08/06 13:05

Block Raises Forecast for 2026 and Holds onto 9117 BTC

Fintech company Block, founded by Jack Dorsey, has raised its 2026 forecast following a strong second quarter. Gross profit grew 25% year-over-year to $3.17 billion. Adjusted operating profit was $863.8 million, up from $549.6 million, while adjusted diluted earnings per share reached $1.02, beating Wall Street consensus. Revenue from Block's Bitcoin ecosystem fell 13% to $1.89 billion, with gross profit down 31% to $72 million. The company attributed this to a strategic reduction of fees on some Bitcoin transactions via Cash App and slower activity in the primary cryptocurrency market. Block also recorded an $88.5 million unrealized loss on its Bitcoin holdings and, per Bitcoin Treasuries, currently holds 9,117 BTC. Block continues to develop its crypto products, adding USDC support and multi-blockchain transactions for the stablecoin in Cash App. The company highlighted its integration of agentic artificial intelligence, which in June assisted in writing and reviewing nearly all production code changes. This aligns with a broader operational overhaul, which included cutting around 4,000 jobs earlier this year, though some employees were later rehired. Block also launched an AI tool, Builderbot, for software development automation and introduced the open-source platform Buzz in July.

cryptonews.ru08/06 11:15

Block Raises Forecast for 2026 and Holds onto 9117 BTC

cryptonews.ru08/06 11:15

Bernstein Interprets SpaceX's First Quarterly Report Since IPO: How Does the $239 Target Price Hold Up?

Bernstein maintains its "Outperform" rating and $239 price target for SpaceX following its first earnings report as a public company. The Q2 2026 results showed strong growth, with revenue reaching $7.814B, a 92% year-over-year increase, beating expectations. The Starlink Connectivity business remained the profit driver, generating $1.656B in operating income. The AI segment saw revenue surge 247% to $2.561B, though it required massive capital expenditures of $15.828B. The $239 target is based on a sum-of-the-parts valuation projecting 2031 revenue of $554B, significantly below CEO Elon Musk's accelerated goal of $1 trillion by 2030. Bernstein's model assumes AI computing prices will eventually fall to around $10/watt, not the $30-$50/watt range cited by management. The valuation hinges on three key pillars: continued profit growth from Connectivity, the AI business converting its heavy investment into scalable revenue, and the Starship achieving full and rapid reusability to enable low-cost expansion. While quarterly performance was strong, post-IPO stock lock-up expirations and execution risks around Starship and AI returns contributed to a subsequent share price decline.

marsbit08/06 10:02

Bernstein Interprets SpaceX's First Quarterly Report Since IPO: How Does the $239 Target Price Hold Up?

marsbit08/06 10:02

South Korean Stocks Plunge Again, Latest Response from the Blue House

Korean Stock Market Plummets Amid Global Sell-Off, Presidential Office Responds South Korea's stock market experienced a sharp decline on Thursday. The benchmark KOSPI index fell over 4%, with major components SK Hynix and Samsung Electronics dropping over 8% and 5%, respectively. The sell-off quickly spread to related Hong Kong ETFs. The trigger was weak forward guidance from U.S. memory chip giants SanDisk and Western Digital, whose revenue forecasts fell short of lofty market expectations despite strong prior-quarter results. Their subsequent stock plunge led to a sell-off in Asian semiconductor stocks, highlighting the region's dependence on U.S. market sentiment. Since hitting a record high in mid-June, the KOSPI has fallen over 21% in about a month. In response to market volatility, the South Korean government has implemented measures, including raising cash margin requirements for single-stock leveraged ETFs. This led to a significant drop in their trading volume. A senior presidential official stated the focus is on closely monitoring the situation and formulating appropriate countermeasures. Analyst views on the market outlook diverge: while Morgan Stanley sees the sell-off as a buying opportunity due to low valuations, others like China Securities warn of continued high volatility as leverage unwinds. Looking ahead, analysts expect the global memory chip sector to remain in a high-sensitivity phase. However, Goldman Sachs maintains a long-term bullish target of 12,000 for the KOSPI, citing unmet AI-driven demand, with JPMorgan also viewing the pullback as a chance to accumulate positions.

marsbit08/06 07:41

South Korean Stocks Plunge Again, Latest Response from the Blue House

marsbit08/06 07:41

SanDisk Reports Record Earnings, Why Did It Still Plunge 8% After Hours?

SanDisk Reports Record Earnings, Yet Stock Plunges 8% After-Hours Despite announcing record-breaking Q4 and full-year fiscal 2026 results, SanDisk's stock fell sharply. Key figures were stellar: Q4 revenue surged 372% YoY to $8.97B, beating estimates, with adjusted EPS skyrocketing to $39.25. Full-year revenue hit $20.25B, with a dramatic swing from a $1.64B loss in FY2025 to an $11.43B GAAP profit, highlighting a powerful recovery driven by the NAND cycle and AI demand. The market's negative reaction stemmed from future guidance failing to meet elevated expectations. SanDisk's Q1 FY2027 revenue guidance of $10.3B-$10.8B (midpoint $10.55B) fell short of the $11.16B consensus, creating a roughly 5.5% gap. Investors are concerned not with past performance but with whether growth can accelerate further. Business segment analysis revealed a strategic shift. Data Center revenue was the standout, soaring nearly 13x YoY to $2.98B and becoming a key growth pillar at 33% of revenue. The larger Edge Computing segment also grew robustly by 392%. However, Consumer revenue declined 5% YoY, reflecting weak traditional electronics demand. Management highlighted strategic moves, including securing five new or expanded long-term supply agreements under its "New Business Model," aiming to lock in over half of FY2027 supply to smooth cyclical volatility. A new $14B stock buyback authorization signaled confidence but couldn't offset short-term guidance disappointment. The core issue is that the market is trading on the "acceleration of growth." While SanDisk's fundamentals remain strong—with record revenue and an 84.6% adjusted gross margin—the stellar performance was already priced in. The guidance, while still indicating high growth (~359% YoY), did not show further acceleration, causing a "sell the news" reaction as expectations had outpaced reality.

Odaily星球日报08/06 07:07

SanDisk Reports Record Earnings, Why Did It Still Plunge 8% After Hours?

Odaily星球日报08/06 07:07

Goldman Sachs Comments on SanDisk and Western Digital Earnings: Strong Performance, But Market Expectations Too High

Highsmith commented on Sandisk and Western Digital's earnings reports, noting that while both companies delivered strong quarterly results, excessively high market expectations are likely to prevent their stock prices from benefiting. The firm anticipates downward pressure on both stocks following the earnings releases. The core issue, according to Highsmith, is not a deterioration in fundamentals but rather market expectations that have overshot reality. Despite impressive beats on revenue, gross margin, and EPS for the quarter, guidance that simply meets or falls slightly below lofty expectations is being interpreted negatively. For Western Digital, Q2 revenue was largely in line with forecasts, while gross margin and EPS beat estimates. However, its Q3 revenue guidance midpoint matched consensus, and gross margin/EPS guidance was only slightly above. Highsmith views this as "not surprising enough" given pre-earnings optimism, maintaining a Neutral rating and a $650 price target. Sandisk's Q2 results significantly exceeded consensus for revenue and EPS. However, its Q3 guidance disappointed, with revenue and gross margin midpoints below Highsmith's forecasts and consensus. Although the stock has declined ~40% from its June peak, Highsmith believes the below-consensus guidance will lead to further pressure, while maintaining a Buy rating and a $2,200 target due to longer-term potential. Highsmith also warns of a negative spillover effect on Micron Technology's stock due to its similar end-market exposure to Sandisk.

marsbit08/06 03:25

Goldman Sachs Comments on SanDisk and Western Digital Earnings: Strong Performance, But Market Expectations Too High

marsbit08/06 03:25

SanDisk Sells $3 Billion More in Three Months, Price Speaks Louder Than Volume

SanDisk's latest quarterly report (FY2026 Q4 ending July 3) shows revenue surged to $8.965 billion, a 51% increase quarter-over-quarter and a dramatic jump from $1.901 billion in the year-ago period. The sequential revenue gain of $3.015 billion alone exceeded the total revenue of FY2025 Q4. A key driver was profitability: the cost of sales increased by only about $95 million against the $3.015 billion revenue increase, leading to significantly expanded gross margins. While GAAP net profit was influenced by a $804 million gain on equity securities, the core business showed strong operational performance. Revenue growth was split, with approximately two-thirds attributed to higher selling prices and one-third to increased sales volume. Market segment analysis reveals that Data Center revenue doubled, becoming the growth narrative highlight. However, the Edge market segment contributed a slightly larger absolute dollar increase and remains the largest revenue base. Consumer segment revenue declined, indicating uneven demand across end markets. The report illustrates a multi-faceted story: Data Center provides high-growth visibility, Edge delivers the largest incremental sales, and favorable pricing dynamics convert new revenue into substantial profit expansion, moving beyond a simple AI-driven demand narrative.

marsbit08/06 03:21

SanDisk Sells $3 Billion More in Three Months, Price Speaks Louder Than Volume

marsbit08/06 03:21

Western Digital Quarterly Profit Hits $3.195 Billion, But How Much Did the Hard Drive Business Actually Make?

Western Digital reported FY2026 Q4 revenue of $3.747 billion, with GAAP earnings per share of $8.21. A key distinction in the results is the separation of its core HDD business from gains related to its retained stake in SanDisk. Following the flash memory business spin-off in February 2025, the company's revenue growth over the last five quarters represents a pure expansion of its HDD operations, primarily driven by demand from cloud and data-intensive workloads, which constituted 89% of Q4 revenue. The business showed significant margin improvement, with GAAP gross margin reaching 54.1% in Q4, meaning over half of every revenue dollar remained after direct manufacturing costs. This expansion in both revenue and profitability is reflected in free cash flow of $1.281 billion for the quarter. GAAP net income was $3.195 billion, heavily influenced by a $2.05 billion non-cash gain from the revaluation of the SanDisk stake. On a non-GAAP basis, which excludes this and other items, net income was $1.382 billion. This adjustment highlights the underlying strength of the HDD business itself, which has seen a sustained period of growth and improved profitability independent of its financial investments.

marsbit08/06 03:06

Western Digital Quarterly Profit Hits $3.195 Billion, But How Much Did the Hard Drive Business Actually Make?

marsbit08/06 03:06

Block raises 2026 outlook on strong quarter, says AI touches nearly all code

Fintech firm Block raised its full-year 2026 outlook after a strong Q2 performance. Gross profit surged 25% year-over-year to $3.17 billion, exceeding guidance. Adjusted operating income hit $855 million, and adjusted EPS of $1.02 beat estimates. Consequently, Block increased its full-year gross profit forecast to $12.51 billion and adjusted operating income to $3.47 billion. CFO Amrita Ahuja attributed the guidance hike to strong execution and momentum. Separately, the company revealed that agentic AI assisted in writing and reviewing nearly all production code changes in June. This follows a February AI-led restructuring that eliminated 4,000 jobs. According to Block, code changes per engineer have increased 150% since the start of the year.

cointelegraph08/06 01:46

Block raises 2026 outlook on strong quarter, says AI touches nearly all code

cointelegraph08/06 01:46

Block's Stock Rose More Than 4% After Earnings and Revenue Beat Forecasts

Block (NYSE: XYZ) shares rose over 4% in after-hours trading after the payments company reported second-quarter results that surpassed Wall Street expectations. Adjusted earnings for the quarter ended June 30 were $1.02 per share, beating analyst forecasts of 87 cents. Quarterly profit reached $6.62 billion, exceeding estimates of approximately $6.49 billion. The company, led by Jack Dorsey, also raised its full-year outlook, now projecting 2026 gross profit of $12.51 billion, up 21% year-over-year. Block highlighted its focus on non-GAAP metrics like gross profit and adjusted operating income, separating the volatility of its Bitcoin-related activities from core business performance. Preliminary estimates showed Cash App's Bitcoin ecosystem revenue was $1.8 billion for the quarter. Growth was driven by Cash App, where gross profit surged 31% year-over-year, and Square's seller business, which grew 13%. Block's overall gross profit increased 25%. User activity within Cash App also rose, with active primary banking users and commerce enablement volume each up 17%, while consumer lending volumes jumped 59%. Square's payment volumes grew 13% overall. Block reported a record adjusted operating margin of 27% and a 65% increase in adjusted diluted EPS. The company is implementing cost-cutting measures, including job reductions, and integrating AI tools more broadly. For 2026, Block forecasts gross profit growth of 21%, adjusted operating income growth of 67%, and adjusted diluted EPS growth of 70%.

cryptonews.ru08/05 22:36

Block's Stock Rose More Than 4% After Earnings and Revenue Beat Forecasts