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24.07.26 - 20:18
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AI Capex Depreciation Risk Is The Catch To Record Earnings (ZeroHedge)
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AI Capex Depreciation Risk Is The Catch To Record Earnings
Authored by Lance Roberts via RealInvestmentAdvice.com,
The second-quarter earnings season is in full swing. So far, the results are landing in line or better than the upwardly revised Wall Street estimates. That's the opposite of how this usually works. Analysts normally trim their forecasts as a year wears on. In 2026, they've done the opposite. The S&P 500 is on track to grow earnings north of 20% for a second straight quarter. The earnings are real. However, a meaningful slice of them is also an accident of accounting timing. That timing, the AI capex depreciation risk, hasn't hit the income statement yet. But it is about to turn from a tailwind into a headwind.
Alphabet handed investors a live example last week. The headline read earnings up 294%. Peel back a $99 billion paper gain on its stakes in Anthropic and SpaceX, and per-share earnings came in around $2.85 against a $2.88 estimate, with the core business growing a solid ...
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23.07.26 - 07:36
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Tesla′s profits slide despite growing revenue as it pivots to robotics and AI (The Guardian)
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Shares in Elon Musk company fall more 3% in after-hours trading, as earnings per share miss Wall Street expectationsTesla reported its second-quarter earnings on Wednesday, disclosing far lower profits than expected. The company's already beleaguered stock, which had fallen about 14% this year to date, dipped further following the earnings report.Elon Musk's automaker, once the pinnacle of his tech empire, has taken a back seat to SpaceX. Musk's rocket and AI company held the largest stock market debut in history last month, turning the richest man on Earth into the world's first trillionaire, though his net worth has since fallen from its peak. Continue reading......
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22.07.26 - 03:06
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Supermicro′s record US$60 billion orders, tied to SpaceX, overshadow soft revenue (Digitimes)
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Supermicro's preliminary fourth-quarter results suggest the server maker's bet on rack-scale AI infrastructure is beginning to pay off in profitability, not just volume — and that a new class of "neocloud" buyers led by Elon Musk's SpaceX is reshaping its order book. The company said on Tuesday that it took in more than US$60 billion in new orders during the quarter ended June, driving its backlog to a record, even as revenue came in soft....
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17.07.26 - 08:18
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Gina Rinehart′s estimated A$700m profit from SpaceX IPO wiped out as stock price dips (The Guardian)
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Analyst says mining billionaire unlikely to be worried by lost paper profits after Elon Musk's company dipped below its debut share priceFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastGina Rinehart is among thousands of Australians who have lost money on Elon Musk's SpaceX, as the tech company's share price crashes back to earth.SpaceX shares closed below their debut price of US$135 a share during trading on Thursday, at $131.11. Continue reading......
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14.07.26 - 17:12
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Here Is What America′s Largest Banks Reported In Their Q2 Earnings Reports (ZeroHedge)
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Here Is What America's Largest Banks Reported In Their Q2 Earnings Reports
In terms of perceived report quality relative to positioning, the ranking appears to be Goldman Sachs first, followed by Bank of America (pending guidance), then Wells Fargo, and finally JPMorgan. The broader theme across the group was fairly consistent: NII was generally underwhelming, fee income was strong as expected, capital markets results were very strong, and there was a clear halo effect from the strong deal calendar (SpaceX IPO most notably) that benefited equities trading. At the same time, expenses came in higher alongside the revenue beats, largely reflecting increased compensation costs tied to stronger activity levels.
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Goldman Sachs delivered a standout quarter, reporting EPS of $20.98 versus $14.10 consensus, with buy-side expectations largely in the $15–16 range. Net revenue came in at $20.3 billion compared with $16.4 billion consensus, driven by equity trading and to a lesser extend FICC and...
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08.07.26 - 22:01
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SpaceX Has ′Tremendous′ Earnings Power, Say Clear Street Analysts (Bloomberg)
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Brian Dobson, managing director & senior analyst, and Greg Pendy, director & equity analyst, at Clear Street discuss their buy rating on SpaceX and say that they're looking at the rocket business as a 'placeholder' for other growing parts of the business like Starlink or xAI. (Source: Bloomberg)...
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