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Samsung’s Chip Earnings Push Net Profit to Record
The Wall Street Journal7d agobullish
Samsung’s Chip Earnings Push Net Profit to Record

Samsung Electronics’ net profit surged 14-fold in the second quarter, as a stellar performance by its core semiconductor division, helped the technology titan extend its streak of record earnings.

Sony makes acquisition proposal for Japan camera lens maker Tamron
Reuters7d agobullish
Sony makes acquisition proposal for Japan camera lens maker Tamron

Sony Group has made ‌a proposal to ‌acquire Tamron Co, the Japanese ​camera lens maker said on Thursday, adding it has established a special ‌committee ⁠to review various options. Sony has made a ⁠non-binding proposal for a series of transactions ​to make ​Tamron ​a wholly ‌owned Sony subsidiary, the optical components manufacturer said in a statement. Tamron had a market capitalisation of $1.18 ‌billion at ​Wednesday's close.

Bloomberg7d agobullish
Samsung’s Chip Profit Soars Over 250-Fold on AI Memory Shortages

(Bloomberg) -- Samsung Electronics Co.’s semiconductor arm reported a more than 250-fold jump in profit after AI’s reliance on memory delivered hefty margins. Most Read from BloombergStocks Fall as 30-Year Bond Yields Surge After Fed: Markets WrapWarner Bros. Deal Collapse Would Cost the Ellisons $9.8 BillionTrump Says US Will Strike Iran Hard as War Escalates AgainUS Intercepts Iran Attack on Bases, Puncturing Days of CalmApple Set to Make Big Smart Home Push With Siri AI at CenterThe unit, whi

Samsung Q2 profit jumps 19-fold as AI chip demand offsets mobile loss
Reuters7d agobullish
Samsung Q2 profit jumps 19-fold as AI chip demand offsets mobile loss

Samsung Electronics said on Thursday its operating ‌profit jumped 19-fold to a ‌record in the second quarter, as solid ​demand for AI chips offset weaker earnings at its mobile business. "In H2 2026, the Memory Business expects robust ‌demand centered ⁠on servers stemming from continued AI infrastructure capex and broader ⁠adoption of agentic AI," Samsung said in a statement. The world's top memory chipmaker reported operating profit of 89.5 trillion won ($61.98 billion) for the April-to-June period, in line ‌with its estimate ​of 89.4 trillion won ​and up ​from 4.68 trillion won ‌a year earlier.

Robinhood's latest earnings beat Wall Street estimates
TheStreet7d agobullish
Robinhood's latest earnings beat Wall Street estimates

Robinhood Markets (Nasdaq: HOOD) is the e-trading brokerage platform that is extremely popular among retail traders for its equity, crypto, and tokenized stock offerings. On July 1, the brokerage firm launched Robinhood Chain, an Arbitrum permissionless, layer-2 blockchain built on ...

Bloomberg7d agobullish
Senators Warn Apple Not to Buy Memory Chips From Chinese Firms

(Bloomberg) -- A bipartisan group of US senators urged Apple Inc. to abandon any efforts to buy chips from blacklisted Chinese semiconductor suppliers CXMT Corp. and Yangtze Memory Technologies Co., warning that the iPhone maker risked becoming reliant on a US adversary for crucial components.Most Read from BloombergStocks Fall as 30-Year Bond Yields Surge After Fed: Markets WrapWarner Bros. Deal Collapse Would Cost the Ellisons $9.8 BillionTrump Says US Will Strike Iran Hard as War Escalates Ag

Robinhood Profits Jump. Investors Are Focusing On This Instead.
The Wall Street Journal7d agobullish
Robinhood Profits Jump. Investors Are Focusing On This Instead.

Robinhood reported a 48% jump in quarterly profits on Wednesday, blowing past analyst estimates—but investors zeroed in on higher expenses and a continued decline in cryptocurrency revenue. The brokerage’s trading revenue was up 44% from the same time last year. Robinhood’s crypto trading revenue has dropped for a few quarters now, a lull long enough to leave some analysts wondering if the slowdown is permanent.

Starbucks Stock Jumps After Earnings Beat and Strong Outlook
Barrons.com7d agobullish
Starbucks Stock Jumps After Earnings Beat and Strong Outlook

Starbucks shares jumped in after-hours trading after the company reported third-quarter earnings and revenue that beat expectations and raised its fill-year outlook, suggesting its turnaround is under way. For the fiscal quarter ended June 28, Starbucks reported adjusted earnings of 85 cents a share, well above the 66 cents analysts expected. Revenue fell 1.4% from a year earlier to $9.32 billion—partially due to the conversion of Starbucks’ China operations into a licensed joint venture—but still topped the roughly $9.17 billion consensus estimate.

Microsoft beats Wall Street expectations with $90B in revenue
Associated Press7d agobullish
Microsoft beats Wall Street expectations with $90B in revenue

Microsoft posted strong results for its quarterly earnings on Wednesday, beating expectations and showing strong growth in its cloud computing platform and a boost in paid AI users. Analysts surveyed by FactSet Research had expected the company to earn $4.24 per share on revenue of $87.62 billion this quarter. Microsoft Cloud revenue was $59.3 billion this quarter, up 27% year-over-year.