The Austin, Texas-based software and cloud giant posted non-GAAP earnings per share of $1.92, up 30% year-over-year and well ahead of the $1.74 consensus analyst estimate tracked by Yahoo Finance. Total revenue climbed 30% to $19.3 billion, also outpacing the roughly $19.13 billion Wall Street had modeled. GAAP EPS came in at $1.56, up 55% from a year earlier.

The headline driver was cloud infrastructure. Total cloud revenue (IaaS plus SaaS) surged 62% to $11.6 billion, with Cloud Infrastructure (IaaS) revenue more than doubling, up 121%, to $7.4 billion — accelerating sharply from prior quarters as Oracle brought roughly 850 megawatts of new data center capacity online. Cloud Applications (SaaS) revenue grew a more modest 10% to $4.2 billion.

Perhaps most significant for investors was the backlog. Remaining Performance Obligations (RPO) — contracted future revenue — jumped $209 billion year-over-year to $664 billion, as Oracle booked more than $30 billion in additional AI cloud contracts during the quarter and delivered over 300,000 GPUs to AI customers.

Oracle also raised its outlook, guiding fiscal 2027 total revenue to at least $90 billion and non-GAAP EPS to about $8.10, while projecting second-quarter revenue growth of 30% to 34%.

The results helped ease investor concerns over Oracle’s aggressive, debt-fueled capital spending on AI data centers, which had pressured shares heading into the print, with the stock down more than 30% over the prior year.

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The design and marketing software giant posted revenue of $6.76 billion for the quarter, up 13% year-over-year (12% in constant currency), topping the consensus estimate of $6.69 billion compiled by analysts polled on Yahoo Finance. Non-GAAP diluted earnings per share came in at $6.13, ahead of the Street’s consensus forecast of $6.08, while GAAP diluted EPS was $4.62.

Subscription revenue climbed to $6.58 billion from $5.79 billion a year earlier, with total Digital Media and Digital Experience subscription revenue reaching $6.56 billion, up 14% year-over-year.

Adobe’s Annualized Recurring Revenue exiting the quarter hit $27.50 billion, and the company highlighted that AI-first ARR grew more than 150% year-over-year, underscoring progress in monetizing generative and agentic AI tools such as Firefly and GenStudio amid intensifying competition from Microsoft and Google.

Adobe also reported record operating cash flow of $2.52 billion, Remaining Performance Obligations of $22.16 billion, and said it surpassed 1 billion monthly active users across its platforms. The company repurchased approximately 9.5 million shares during the quarter.

Looking ahead, Adobe raised its full-year guidance, now targeting fiscal 2026 revenue of $26.576 billion to $26.626 billion and GAAP EPS of $18.12 to $18.17.

Despite the beat-and-raise quarter, the modest post-market pullback suggests investors remain cautious about the pace of AI monetization and looming leadership transition, with incoming CEO Anil Chakravarthy set to take over in December.

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The stock dropped 4.19% in early trading to $21.51, down from Wednesday’s close of $22.45. Peers Kohl’s and TJX were little changed on the day, a contrast that suggests the sell-off may be specific to Macy’s rather than a broader retail move.

Adjusted earnings per share came in at $0.40 against a $0.37 consensus tracked by LSEG, with revenue of $4.87 billion topping the $4.83 billion expected. Comparable sales, which strip out store openings and closures, rose 2.7% overall, led by an 11.3% jump at Bloomingdale’s and 6.2% at Bluemercury, while the core Macy’s brand added just 1.1%.

Management raised its FY2026 outlook for net sales, comparable sales and adjusted EPS, pointing to progress on the “Bold New Chapter” turnaround led by chief executive Tony Spring. Spring said: “I think it’s a different Macy’s Inc. today. We’re in a healthier position. We’re catering to our customers while we’re also becoming a more interesting investment option for our shareholders.”

The catch is embedded in the numbers. Macy’s has received $116 million in tariff refunds, money repaid after import duties were reduced, and the new EPS guidance includes roughly 5 cents per share from that windfall. Most of the refund, about $96 million, is being reinvested into the turnaround rather than dropped straight to profit.

Spring framed the reinvestment as strategic rather than a one-off boost: “There is great value being offered across all of our nameplates, and we just really wanted to make sure that the reinvestment of the tariff refunds were things that were beyond one-time benefits that really had lasting power to support the overarching intent of our strategy.” Net income still more than doubled to $169 million, or $0.62 a share, from $87 million a year earlier, but the market’s reaction suggests it is now pricing the composition of guidance, not just the headline beat.

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TSM shares were last quoted at $435.36 in pre-market trading, down 0.83% from Wednesday’s close of $439.00. The stock remains well within its 52-week range of $256.03 to $479.00 and is up roughly 60% so far this year.

The August figure was up 10.1% month-on-month, and cumulative revenue for January to August rose 39.3% year-on-year to roughly NT$3.39 trillion. TSMC is simultaneously constructing or fitting out around 20 factories, or fabs, at home and overseas, four to five times its historical pace, yet still cannot keep up. Cliff Hou, TSMC’s Deputy Co-Chief Operating Officer, said: “Right now you’re almost 4x or 5x, trying to catch up, but still you cannot meet demand.”

That capacity crunch links directly to the Nvidia and AMD AI-chip supply chain. AMD (NASDAQ: AMD) Chief Financial Officer Jean Hu said this week: “You should expect us to continue to view TSMC as our primary supplier on the wafer side,” confirming TSMC as AMD’s main source of wafers, the silicon discs chips are cut from. Analysts had on average expected 46.8% sales growth for TSMC’s current quarter, and the foundry has beaten consensus revenue estimates in each of the last four quarters.

Despite the record numbers, TSM’s muted share move likely reflects how much of the AI capex story is already priced into a stock that has climbed sharply this year, rather than any disappointment with the figures themselves. The next scheduled catalyst is TSMC’s third-quarter earnings report, due on 15 October.

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The modest 1.13% increase in the price target reflects continued confidence in Rio Tinto’s ability to navigate volatile commodity markets while executing on its diversified portfolio, which spans iron ore, copper, aluminium, lithium and industrial minerals.

Bernstein’s commentary pointed to broader dynamics across the metals complex, including its view that Indonesia — which already supplies roughly 60% of global nickel and is on track to approach 70% by 2030 — is likely to manage output to keep prices in an $18,000-$20,000 per tonne “sweet spot” for producers and downstream consumers alike.

The firm continues to see electric vehicle demand as the dominant driver of nickel consumption, with its supply-demand modelling pointing to a moderate surplus over the next decade.

Shares of Rio Tinto were little changed following the update. The NYSE-listed ADR (RIO) closed around $103.78, down marginally on the session, while London-listed shares (RIO.LSE) slipped roughly 1.8% to 7,602p.

Rio Tinto currently carries a market capitalisation of approximately $170.5 billion. According to GuruFocus data, the stock trades at a trailing P/E of roughly 14x, above its five-year median of 9x, and sits well above its calculated intrinsic “GF Value” of $76.04 — implying the shares are trading at a notable premium despite Bernstein’s continued bullish stance.

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The shares closed yesterday at $30.31, down 5.16% from Monday’s close of $31.96, then fell a further 10-12% in after-hours and pre-market trading following the results, according to market reports, a slide that would put the stock below its 50-day moving average of $27.12 and well under its 52-week high of $37.33.

Braze reported second-quarter revenue of $227.2m, up 26.2% year-on-year and above consensus of roughly $220.2m, with non-GAAP earnings per share of $0.19 versus expectations near $0.16. The company raised its full-year revenue guidance to $910m-$913m and non-GAAP EPS guidance to $0.64-$0.65, both above prior consensus. Chief executive Bill Magnuson said the results underscored “the essential role Braze plays for brands globally, delivering 26% year-over-year revenue growth alongside improving operating leverage and record second quarter free cash flow.”

The disappointment lay in guidance for the current quarter: non-GAAP EPS of $0.13-$0.14, below the roughly $0.16 consensus, even though third-quarter revenue guidance of $229m-$230m topped forecasts. Dollar-based net retention, a measure of how much existing customers increase their spending year-on-year, rose to 112% for customers with $500,000-plus in annual recurring revenue, from 111% a year earlier, while free cash flow hit a record $22m for the quarter, up from $3.5m a year earlier.

The Q3 profit guidance falling short of expectations despite the stronger revenue outlook suggests markets are pricing near-term profitability over headline growth in this reaction.

Total customer numbers rose to 2,789 as of 31 July, from 2,422 a year earlier, with customers spending $500,000 or more climbing to 361 from 282, underlining that the underlying business kept expanding even as the market focused on the softer quarterly profit outlook.

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INGM closed on Tuesday at $28.38, down 1.6% from the prior close of $28.84 on Friday. The stock sits within its 52-week range of $18.84 to $31.59 and close to its 50-day moving average of $28.39. Seeking Alpha reported shares were down as much as 8% in after-hours and pre-market trading following the pricing announcement, though that figure has not been confirmed against an authoritative regular-session close.

Ingram Holdco, LLC, the Platinum Equity affiliate that remains Ingram Micro’s controlling shareholder, priced the offering at $27.25 per share through sole underwriter Goldman Sachs, which also holds a 30-day option to buy up to 1,968,750 additional shares. Ingram Micro receives none of the proceeds, which go entirely to the selling shareholder. The company separately agreed to buy back 625,000 shares from Goldman Sachs at the same $27.25 price, funded from cash on hand, in a deal worth about $17 million, expected to close around 10 September.

The $27.25 offer price is roughly 5.5% below Tuesday’s $28.84 close — the standard mechanism sellers use to place a large block of stock quickly. The transaction adds existing shares to the free float rather than raising new capital, so it dilutes the market’s absorption capacity without changing Ingram Micro’s underlying earnings or balance sheet. The concurrent buyback offsets only a small fraction of the shares sold.

Platinum Equity has continued to reduce its stake since Ingram Micro’s October 2024 listing, and held roughly 77% of tracked institutional holdings as of the most recent snapshot before this sale. Further selldowns by the sponsor remain a recurring source of supply pressure on the stock that can resurface independently of the company’s operating performance.

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Northland Securities lifted its rating on Intel, citing improving fundamentals and margin prospects, sending shares higher in premarket trading before the rally accelerated through the session.

The upgrade coincided with a supply-chain report indicating Intel intends to raise PC processor prices by roughly 10% starting in early October.

Rather than spooking investors with demand concerns, the news was read as a sign Tan is prioritizing profitability over market share—part of a broader restructuring effort that has included cutting weaker product lines since late 2025.

The average Wall Street price target on Intel has also climbed sharply, rising to around $115 from $105 in recent weeks as analysts turn more constructive on the chipmaker’s recovery, according to Simply Wall Street data.

Adding further support, Intel and ASML jointly announced that High-NA EUV lithography has entered high-volume manufacturing, now being used on select layers of Intel’s 18A-based “Panther Lake” chips—a milestone in its advanced manufacturing progress. Intel also noted that server CPU demand currently exceeds supply, with second-quarter server chip prices up 48% year-over-year.

Sentiment got an extra boost from President Trump, who posted an AI-generated image on Truth Social touting Intel’s rebound from roughly $20 to $95 a share, a reminder that the U.S. government holds a 9.9% stake in the company.

Despite the rally, Intel’s x86 market share recently fell below 70%—its lowest since 1995—and foundry losses persist, leaving execution risk in focus.

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QCOM was up 4.5% at $176.33 during Tuesday’s session, from Monday’s close of $168.74, having traded as high as $183.49 and as low as $173.15 intraday.

Qualcomm and AWS, Amazon’s cloud computing division, announced a multi-generation collaboration to build customised silicon for large-scale AI inference and to co-develop optical connectivity for AWS data centres, extending up to 1.6 terabits per second. Bloomberg reported that as part of the deal, Qualcomm issued AWS a warrant to buy up to 25 million QCOM shares, worth as much as $4bn, at an exercise price of $161.26, vesting in tranches tied to as much as $60bn of cumulative chip orders from Amazon. Qualcomm chief executive Cristiano Amon said the company was “pleased to work with AWS on customized silicon and connectivity solutions, bringing decades of leadership in advanced processing and power-efficient compute, to deliver breakthrough performance and enable the next generation of AI infrastructure.”

The deal matters because Qualcomm is pushing to diversify away from handsets, where Apple’s share of the upcoming iPhone launch is now expected to come in well below the roughly 20% previously estimated, with Apple-related product revenue expected down around 50% quarter-on-quarter and QCT Android handset revenue down 20% year-over-year. Non-handset revenue growth is accelerating, from 24% in fiscal 2026 to more than 60% in fiscal 2027, and management is targeting $40bn in non-handset revenue by fiscal 2029, with data-centre revenue guided to rise from $5bn in fiscal 2027 to $15bn by fiscal 2029. The warrant structure ties Amazon’s equity upside to Qualcomm actually delivering large chip orders, rather than handing over free shares, aligning the two companies’ incentives around execution.

Broadcom shares also rose alongside Qualcomm’s move, which market commentary read as validation of the wider custom AI silicon category rather than business shifting away from incumbent hyperscaler chip suppliers. Amazon’s own shares were little changed on the news.

Qualcomm’s own release did not disclose committed order volumes, dollar revenue or a delivery timetable for the AWS partnership, leaving the scale of the arrangement dependent on future orders rather than confirmed today.

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GE shares traded at $337.12, up 1.09% from Friday’s close of $333.48, after opening at $332.24 and touching a high of $337.21. The gain came on the day the deal was announced.

GE Aerospace has been unable to keep pace with strong simultaneous demand across commercial engines, aftermarket servicing and defence orders, largely because it could not source enough castings and forgings, the metal components at the heart of engine parts. Rather than keep relying on an outside supplier, GE is buying one it already knows well: CPP, based in Cleveland, Ohio, has supplied GE Aerospace for more than 15 years and employs roughly 6,600 people across more than 20 facilities.

The purchase is being funded with $7 billion in cash and the rest in new debt, and values CPP at about 18 times its expected 2027 earnings before interest, tax, depreciation and amortisation once synergies are included, or around 26 times without them. GE said the deal should add to adjusted earnings per share and free cash flow within the first year, with no change to its existing capital allocation plans. The transaction is expected to close in the second half of 2027, pending regulatory approval.

H. Lawrence Culp, Jr., GE Aerospace’s chairman and chief executive, said: “Investing in mission-critical casting capacity is needed to support the strong simultaneous demand across commercial engines, aftermarket and defense.”

The muted but positive share reaction suggests the market views the acquisition as a sensible move to secure a bottleneck input rather than a transformative growth deal. CPP is being sold by private equity owners Warburg Pincus and Berkshire Partners, both of which are exiting their stakes as part of the agreement.

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BSX shares were down 2.1% in premarket trading, according to Reuters, building on a longer decline that has seen the stock more than halve from its 52-week high of $108.07. The shares closed at $47.80 on Friday, near their 52-week low of $42.20.

Boston Scientific said it first identified unauthorised activity on some of its IT systems on 25 August, which caused a global network outage that cut off access to operating systems and business applications. The outage disrupted manufacturing and the processing and shipment of customer orders across the company’s global operations, the company said.

As a result, Boston Scientific said it is unlikely to hit the Q3 and full-year 2026 sales and adjusted-profit guidance it issued on 29 July, which had called for full-year adjusted earnings per share of $3.28 to $3.32 and reported net sales growth of 5.5% to 6.5%. The company said it has made progress restoring systems, with major distribution centres now processing and shipping at or above normal levels and manufacturing resumed across most facilities globally, and it expects to recover a portion of the lost revenue as operations ramp back up.

The incident adds Boston Scientific to a run of cyberattacks that have hit healthcare companies this year. The company has not yet quantified the financial hit and said it will give an updated outlook when it reports Q3 earnings on 28 October.

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IonQ shares closed at $39.52 on 4 September, up 1.28% from the prior close of $39.02, leaving the stock inside a wide 52-week range of $25.89 to $84.64 and a market capitalisation of roughly $16.0bn. Markets have not yet had a full session to react to the Superion 256 announcement.

IonQ closed its roughly $1.8bn acquisition of SkyWater in early August, positioning itself as a vertically integrated “platform and foundry” spanning quantum design and semiconductor manufacturing. The Superion 256 launch is the first tangible product of that deal: chips built at SkyWater’s fabrication plant, with design cycles compressed from nine months to two. Superion 256 is available to order now, with customer deliveries scheduled for 2027, and the first system was pre-sold in the first quarter of this year. “Superion is the result of two strategic acquisitions coming together to deliver this historic milestone,” said Niccolo de Masi, Chairman and CEO of IonQ. “SkyWater unlocked the ability to manufacture at semiconductor costs and scale.”

Management also laid out a roadmap targeting a 10,000-qubit successor system and cost-per-qubit reductions of more than 300 times, framing the chip as proof that quantum hardware can scale the way semiconductors have. SkyWater itself generated $442m in revenue in fiscal 2025, according to Zacks Investment Research. IonQ’s own revenue reached $80.1m in the second quarter, up 287% year-on-year and its fifth consecutive record quarter, prompting the company to raise its full-year guidance to $280m-$290m from $260m-$270m when it reported earnings in August.

Pre-market quotes for quantum peers Rigetti Computing (NASDAQ: RGTI), up around 0.1%, and D-Wave Quantum (NYSE: QBTS), down around 1.4%, showed little comparable movement, suggesting the Superion launch is being treated as an IonQ-specific catalyst rather than a re-rating across the quantum-computing sector.

IonQ remains one of the most richly valued stocks in the quantum-computing sector, a status that keeps it event-driven: even a well-received product launch has so far left shares well within their 52-week range rather than at fresh highs.

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