# 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.

Wall Street Morning News: S&P and Dow Hit New Highs, Philadelphia Semiconductor Index and Chip Stocks Rise for 4th Straight Day, SanDisk and Intel Surge Over 10%, Micron's Market Cap Returns to $1 Trillion

U.S. stocks surged to record highs driven by strong earnings and easing Middle East tensions. The Dow Jones and S&P 500 both hit closing records, with the Nasdaq jumping 2.59%. The Philadelphia Semiconductor Index soared 6.55%, marking four straight days of gains, fueled by a broad AI rally spanning chips, software, and infrastructure. SanDisk and Intel surged over 10%, while Micron's market cap returned to the $1 trillion level. Geopolitical optimism weighed on oil, with WTI crude falling over 5%. Reports indicated the U.S., Iran, and Oman are nearing a temporary deal to reopen the Strait of Hormuz, alleviating supply disruption fears and lowering September Fed rate hike probabilities. Key stock movers included Palantir, up 29.45% on explosive revenue growth; Caterpillar, hitting a record high on raised guidance linked to data center demand; and AMD, rising 7% despite a post-earnings dip. Nvidia gained 2.56% after announcing new open-source models and securing an exclusive AI partnership with SpaceX. However, Oracle faces heightened credit risk due to heavy AI-related borrowing. Markets now focus on upcoming earnings from Uber and Eli Lilly, and a major SpaceX share lockup expiry on August 6th.

marsbit08/05 05:11

Wall Street Morning News: S&P and Dow Hit New Highs, Philadelphia Semiconductor Index and Chip Stocks Rise for 4th Straight Day, SanDisk and Intel Surge Over 10%, Micron's Market Cap Returns to $1 Trillion

marsbit08/05 05:11

AMD's Revenue Focus: How It Shifted Toward Data Centers Over 12 Quarters

AMD's second-quarter earnings highlight a significant shift in its revenue composition over the past twelve quarters. While total company revenue grew substantially, the data center segment emerged as the dominant driver, now accounting for over half (58.2%) of AMD's total revenue. This segment reached $6.718 billion in Q2, a 107% year-over-year increase, and became AMD's largest revenue division in Q4 2025. Conversely, the gaming segment revenue declined to $779 million, down 31%, primarily due to lower semi-custom sales. The analysis shows the company's overall revenue base expanded, indicating growth was not a simple zero-sum resource transfer from gaming to data centers. A comparative view with NVIDIA and Intel reveals AMD's data center revenue growth trajectory is steep, though from a significantly smaller absolute base than NVIDIA's. The report confirms data center's rise as AMD's primary revenue focus, but public segment data alone cannot definitively attribute this shift to a direct internal reallocation of resources from the gaming business.

marsbit08/05 03:56

AMD's Revenue Focus: How It Shifted Toward Data Centers Over 12 Quarters

marsbit08/05 03:56

TradeXYZ and Hyperliquid: Unveiling the Symbiotic Relationship Under a 50% Revenue Share

Market sentiment is cautious. AI investments are rewarded only when they drive growth without severely harming cash flow, while crypto markets face pressure from ETF outflows and rising yields. Within crypto, leadership has rotated to Solana and DEXs. Solana's ecosystem gained 8.5%, driven by tokens like META, while DEXs, led by Uniswap, rose 5.2%. A key debate centers on TradeXYZ's dominant role on the Hyperliquid exchange, where it generates over 50% of the volume in RWA perpetuals. TradeXYZ, an independent team, is required to share 50% of its HIP-3 protocol revenue with Hyperliquid. Concerns range from the sustainability of this split to Hyperliquid's long-term monetization. The argument that TradeXYZ might leave due to the 50% share is considered weak, as it would require rebuilding its entire platform and abandoning its user base, damaging its reputation. Conversely, Hyperliquid replacing TradeXYZ would signal bad faith to other builders. Their relationship is seen as symbiotic. Regarding monetization, Hyperliquid benefits not only from the 50% fee split but also from priority write fees, read fees from market makers, and second-order effects like increased USDC supply, which generates significant adjusted revenue. The more pertinent question is how both parties will transition from a growth-focused, low-fee model to a more stable, higher-fee structure.

marsbit08/05 03:21

TradeXYZ and Hyperliquid: Unveiling the Symbiotic Relationship Under a 50% Revenue Share

marsbit08/05 03:21

SpaceX's First Earnings Report Exceeds Expectations, But After-Hours Trading Drops Over 7% Under Lockup Expiration Pressure

SpaceX's first post-IPO quarterly results surpassed expectations, with revenue reaching $78.14B (up 92% YoY), adjusted EBITDA of $35.38B (up 191% YoY), and a narrowed net loss of $541M. Starlink remains the profit core, contributing 55% of revenue. AI emerged as the fastest-growing segment, contributing 33% of revenue with a 247.5% YoY increase. However, shares fell over 7% after-hours due to concerns over high AI capital expenditures ($158.28B in Q2) and impending lock-up expiration for ~912M shares on August 6th. Management targets a $1T annualized revenue run-rate by end-2026, heavily reliant on AI cloud service contracts.

marsbit08/05 02:52

SpaceX's First Earnings Report Exceeds Expectations, But After-Hours Trading Drops Over 7% Under Lockup Expiration Pressure

marsbit08/05 02:52

French Company Sequans Continues to Reduce Its Position in BTC, Reinvesting in IoT

French semiconductor company Sequans Communications (NYSE: SQNS) significantly reduced its Bitcoin holdings in Q2 2026, selling 1,200 BTC to pay off convertible debt. Its remaining holdings fell to 314 BTC, valued at approximately $20 million. This strategic shift marks a retreat from its Bitcoin investment strategy initiated in July 2025, which once saw holdings peak above 3,300 coins. CEO Georges Karam refocused the company on its core IoT semiconductor business. In Q2, Sequans recorded a net profit of $5.3 million from these Bitcoin sales, a reversal from an $11.7 million loss in the previous quarter. The company's IoT business showed revenue growth of 23.2% sequentially, reaching $7.5 million. Excluding one-time payments from the prior year, revenue grew 84.2% year-over-year. Sequans ended the quarter debt-free with $21 million in cash. The company joins other firms like Marathon Digital and Riot Platforms in reducing Bitcoin assets recently.

cryptonews.ru08/04 19:31

French Company Sequans Continues to Reduce Its Position in BTC, Reinvesting in IoT

cryptonews.ru08/04 19:31

NVIDIA Has Moved the Mountain

**Title: NVIDIA Moves the Mountain** This article analyzes a dramatic two-day reversal in the AI and semiconductor stock markets, driven by a key announcement from NVIDIA. On Monday, August 3rd, Asian markets fell sharply, led by a crash in South Korean leveraged ETFs and panic selling in semiconductors. This spilled over to China's A-share market, where major indices dropped and semiconductor stocks like GigaDevice were hammered despite buyback announcements. The outlook for optical modules (a key AI infrastructure component) appeared bleak, weighed down by rumors of delays in CPO (Co-Packaged Optics) technology adoption. The turnaround came from the U.S. market later that same day. NVIDIA announced its Vera Rubin platform and, crucially, its senior VP declared that CPO technology had entered mass production and would be widely deployed in AI factories in the second half of the year. This directly countered the "CPO delay" narrative. Positive capex data from U.S. cloud giants added to the bullish sentiment. On Tuesday, August 4th, A-shares surged, particularly the ChiNext and STAR boards. The market saw heavy volume with over 2.2 trillion yuan in turnover. Optical module and CPO concept stocks skyrocketed, with leaders like Zhongji Innolight soaring over 13%. The rally was concentrated in growth sectors like tech and communications, while traditional "old economy" stocks like Kweichow Moutai declined. The article also notes other key developments: * A strong earnings report and raised guidance from WuXi AppTec sparked a rally in the CXO (pharma outsourcing) sector. * Mixed signals from the Middle East regarding the Strait of Hormuz. * New Chinese policies supporting the semiconductor industry and Hong Kong-China market cooperation. * Significant inflows into equity ETFs in July, suggesting institutional buying. The piece concludes by highlighting upcoming catalysts: AMD and SpaceX earnings, the potential reopening of the Strait of Hormuz, and NVIDIA's upcoming financial report later in August, which will be the next major test for the AI investment theme.

marsbit08/04 13:51

marsbit08/04 13:51

Coin-Equity Barometer | Strategy Sells 1,638 BTC for $105 Million; Michael Saylor Reiterates He Has Not Sold Any Bitcoin, Strategy's Trading Activity Unrelated to Personal Holdings (August 4th)

**Summary: Cryptocurrency & Stock Market Update (August 4th)** Global stock markets remain under pressure, with Korean markets facing liquidity outflows and US tech stocks showing mixed results during earnings season. Major US cloud providers (Microsoft, Amazon, Google) saw gains, reinforcing their pivotal role amid computing, energy, and storage demands. In crypto-related stocks, Coinbase and Strategy traded lower post-earnings, while Robinhood demonstrated strong long-term potential despite short-term declines. Key BTC Treasury Corporate Activity: * Global publicly listed companies (excluding miners) were net sellers of Bitcoin, with a weekly net outflow reaching $101 million. * **Strategy** sold 1,638 BTC for approximately $105 million, reducing its holdings to 842,138 BTC. Concurrently, it repurchased $81.2 million of its preferred stock. * Michael Saylor clarified he has **never sold any of his personal Bitcoin holdings**, stressing that Strategy's corporate treasury management is separate from his personal long-term investment philosophy. * Several other companies, including Strive, OrangeBTC, and Capital B, reported new Bitcoin purchases last week. * Hyperscale Data sold 100 BTC to establish a Bitcoin-backed credit facility for AI infrastructure funding. ETH Treasury Corporate Activity: * **Bitmine** significantly increased its Ethereum position, adding 10,399 ETH last week for a total holding of ~5.79 million ETH. * The company continues active staking, recently staking 28.8k ETH via Coinbase Prime and an additional 150.1k ETH directly, with roughly 87% of its total ETH now staked. Other Developments: * Nasdaq-listed **Solmate** partnered with Kraken Institutional for SOL staking and validator infrastructure support. * The total BTC held by tracked public companies (excluding miners) stands at 1,138,643 BTC, valued at ~$72.42 billion (5.7% of circulating supply). *(Note: Content is for informational purposes only and not investment advice.)*

marsbit08/04 10:11

Coin-Equity Barometer | Strategy Sells 1,638 BTC for $105 Million; Michael Saylor Reiterates He Has Not Sold Any Bitcoin, Strategy's Trading Activity Unrelated to Personal Holdings (August 4th)

marsbit08/04 10:11

For the First Time Since 1955, S&P 500 Profits Exceed Long-Term Trend by 14%

For the first time since 1955, the S&P 500's earnings per share (EPS) have risen approximately 14% above their long-term historical trend channel, according to a recent report. This highlights a significant fundamental shift: strong corporate profits, not just AI narratives or liquidity, are now underpinning the market's high valuations. The strength of current earnings is evidenced on multiple fronts. Actual quarterly results are consistently beating analyst expectations, with the percentage of S&P 500 companies exceeding profit forecasts and the magnitude of sales surprises near multi-year highs. Furthermore, analysts are *raising* future EPS estimates instead of the typical post-quarter downgrades, with full-year 2026 growth expectations revised sharply upwards from ~13% to nearly 28%. This profit growth is broadening beyond the mega-cap "Magnificent Seven" tech stocks. While these giants remain the primary engine, the majority of S&P 500 sectors are contributing, with median company earnings growth around 13.8%. However, this exceptional strength creates a higher bar for future performance. With profit levels already so elevated, merely meeting elevated expectations may not suffice to push stocks higher. Any disappointment in revenue growth, profit margins, or forward guidance could trigger significant pressure on stretched valuations. Therefore, the sustainability of the earnings support will depend on continued sales expansion, stable margins, the payoff from massive AI investments, and, crucially, whether the positive trend of upward earnings revisions can persist.

marsbit08/04 07:11

For the First Time Since 1955, S&P 500 Profits Exceed Long-Term Trend by 14%

marsbit08/04 07:11

Goldman Sachs Partner: Profitability Is the Core Driver, S&P 500 Could Hit New Highs Within the Year

Strong corporate earnings are providing robust support for the U.S. equity market. John Flood, a partner at Goldman Sachs, argues that with market positioning becoming "cleaner," the S&P 500 could set a new all-time high this year, driven fundamentally by corporate profits. According to Goldman Sachs data, the S&P 500's trailing second-quarter EPS growth reached 45% year-over-year, significantly surpassing the initial consensus of 22%. Excluding non-recurring items, such as certain investment-related income, the adjusted EPS growth rate remains a strong 26%, accelerating from Q1 and marking the fastest pace since 2021. This strong performance has led analysts to upwardly revise forward earnings estimates for 2027, with positive revisions breadth across most sectors. Concurrently, market sentiment and positioning have cooled from earlier highs. Goldman's sentiment and positioning indicators have retreated, hedge funds have notably reduced leverage, and retail investor leverage is also moderating. Flood views this "de-foaming" of market positioning as creating a healthier foundation for further market gains. From a valuation perspective, U.S. stocks appear relatively inexpensive compared to other major global markets. Furthermore, Flood notes that the primary benefits of the AI super-cycle have yet to fully materialize. However, a seasonal risk is noted: historical data shows muted median returns for the S&P 500 from early August to Election Day in mid-term election years. Goldman's conclusion is that the positive earnings outlook provides strong support for the bullish case, but its sustainability remains a key variable for the market's trajectory.

marsbit08/04 06:46

Goldman Sachs Partner: Profitability Is the Core Driver, S&P 500 Could Hit New Highs Within the Year

marsbit08/04 06:46

On the Eve of Circle's Earnings Report, Wall Street Shows Major Divergence in CRCL Valuation

On the eve of Circle (CRCL) releasing its quarterly earnings report, Wall Street analysts are deeply divided over the company's valuation. Morgan Stanley downgraded Circle from "Equal Weight" to "Underweight," slashing its price target from $106 to $38. Analyst James Faucette argues the market overestimates the growth potential of Circle's core USDC stablecoin, noting its circulation hasn't increased since Q3 2025 and new use cases beyond remittances and card spending are limited. He warns that slowing USDC growth could pressure the crucial "reserve income" and shift revenue toward lower-margin transaction fees. In stark contrast, TD Cowen initiated coverage with a "Buy" rating and an $82 price target. Analyst Bryan Bergin believes the market underestimates Circle's potential to evolve from a stablecoin issuer into a broader digital financial infrastructure platform. He forecasts a ~31% annual growth rate for USDC through 2030 and expects faster growth in fee-based revenue from services like payments, RWA tokenization, and its Arc network. A key external factor adding uncertainty is the stalled progress of the CLARITY Act in the US Senate, whose delay could dampen institutional adoption expectations for stablecoins. The core disagreement lies in whether Circle's future hinges on USDC circulation growth or a successful platform-based transformation. The upcoming earnings report is keenly awaited for insights into reserve income trends and the progress of newer business verticals.

marsbit08/04 03:01

On the Eve of Circle's Earnings Report, Wall Street Shows Major Divergence in CRCL Valuation