Latest Tech News

Stay updated with the latest in technology, AI, cybersecurity, and more

Filtered by: quarter Clear Filter

Roblox stock soars 10% after revenue beat, strong user growth

Roblox stock soared 10% on Thursday after the company reported second-quarter revenue that beat expectations amid strong user growth. The gaming platform saw $1.44 billion in net bookings, up 51% over the year prior. Analysts polled by LSEG expected $1.24 billion in net bookings for the quarter. User and engagement numbers were also strong for the company, with daily active users at 111.8 million, up 41% year over year, and hours engaged at 27.4 billion, up 58%. StreetAccount expected 106 mil

Apple reports biggest revenue growth since December 2021

Apple CEO Tim Cook attends the world premiere of "F1" at Times Square in New York on June 16, 2025. Apple reported third-quarter earnings on Thursday that topped Wall Street expectations for profit and revenue. iPhone sales grew 13% year-over-year and overall revenue grew 10% — Apple's largest quarterly revenue growth since December 2021. Apple shares were up about 3% in after-hours trading on Thursday. Here's how Apple did versus consensus estimates for the quarter ending June 28: Earnings

Reddit shares jump 20% on second-quarter sales and guidance beat

Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange on March 21, 2024. Reddit shares jumped as much as 20% after the company reported second-quarter earnings on Thursday that beat on sales and guidance. Here's how the company did compared with LSEG estimates: Earnings per share: 45 cents vs. 19 cents expected 45 cents vs. 19 cents expected Revenue: $500 million vs. $426 million expected Reddit's sales grew 78% year-over-year in the second quar

Amazon's cloud business records 18% growth in second quarter

Amazon Web Services CEO Matt Garman speaks at the AWS re:Invent conference in Las Vegas on Dec. 4, 2024. Amazon's cloud group grew recorded revenue growth of 18% in the second quarter, slightly ahead of analysts' estimates. Amazon Web Services continues to lead the cloud infrastructure market, but is facing intensifying pressure from Microsoft and Google , as all three companies ramp up investments in artificial intelligence to take advantage of booming demand. Microsoft and Google reported b

Coinbase shares tumble as second-quarter revenue disappoints

Coinbase shares fell Thursday as second-quarter revenue fell shy of analysts' estimates. Gains in the cryptocurrency exchange's subscription revenue failed to offset weaker trading volumes. In the quarter ended June 30, Coinbase net income rose to $1.43 billion, or $5.14 per share, from $36.13 million, or 14 cents per share, a year ago. Earnings in the latest period benefited from a gain $1.5 billion related its Circle investment and $362 million from its crypto investment portfolio. On an adj

Amazon set to report earnings: AI and tariffs are key to the second quarter

Amazon will report second-quarter results after the market close Thursday. Here's what analysts surveyed by LSEG are expecting: Earnings per share: $1.33 $1.33 Revenue: $162.09 billion Wall Street is also looking at other key revenue metrics: Amazon Web Services: $30.8 billion, according to StreetAccount $30.8 billion, according to StreetAccount Advertising: $14.99 billion, according to StreetAccount The company spooked investors in May when it warned in its earnings report that "tariff a

Apple reports third-quarter earnings after the bell

Apple CEO Tim Cook attends the world premiere of "F1" at Times Square in New York on June 16, 2025. Apple reports fiscal third-quarter earnings on Thursday after the bell. The June quarter is typically Apple's slowest of the year by sales, ahead of new device launches in September that typically spur the company's biggest sales surge of the year driven in the December quarter. Still, Apple is expected to report nearly $90 billion in overall sales during the period, which would be a 4% increas

Amazon earnings primer: Why AI and tariffs are key to the second quarter

Amazon will report second-quarter results after the market close Thursday. Here's what analysts surveyed by LSEG are expecting: Earnings per share: $1.33 $1.33 Revenue: $162.1 billion Wall Street is also looking at other key revenue metrics: Amazon Web Services: $30.8 billion, according to StreetAccount $30.8 billion, according to StreetAccount Advertising: $14.99 billion, according to StreetAccount The company spooked investors in May when it warned in its earnings report that "tariff an

Roblox stock soars 16% after revenue beat, strong user growth

Roblox stock soared 16% Thursday after the company reported second-quarter revenue that beat expectations amid strong user growth. The gaming platform saw $1.44 billion in net bookings, up 51% over the year prior. Analysts polled by LSEG expected $1.24 billion in net bookings for the quarter. User and engagement numbers were also strong for the company, with daily active users at 111.8 million, up 41% year-over-year, and hours engaged at 27.4 billion, up 58% year-over-year. StreetAccount expe

After laying off 15,000 employees, Microsoft reveals Xbox Game Pass revenue hit nearly $5 billion

What just happened? Despite Microsoft laying off over 15,000 employees so far this year, the company has just revealed that revenue from its Xbox Game Pass service reached almost $5 billion for the first time over the last year. Overall company revenue for the fourth fiscal quarter was up 18%, while net income jumped 24%. Microsoft's Xbox content and services revenue, which include Xbox Game Pass, was up 13% for the quarter. CEO Satya Nadella said on an earnings call that Game Pass revenue had

Microsoft stock pops 9% on earnings beat as Azure annual revenue tops $75 billion

Microsoft CEO Satya Nadella speaks at an event commemorating the 50th anniversary of the company at Microsoft headquarters in Redmond, Washington, on April 4, 2025. Microsoft shares jumped 9% in extended trading on Wednesday after the company reported better-than-expected earnings and revenue for the fiscal fourth quarter. Here's how the company performed in comparison with LSEG consensus: Earnings per share: $3.65 vs. $3.37 expected $3.65 vs. $3.37 expected Revenue: $76.44 billion vs. $73.8

Meta shares climb 10% on revenue beat, raised forecast

Meta CEO Mark Zuckerberg holds a smartphone, as he makes a keynote speech at the Meta Connect annual event, at the company's headquarters in Menlo Park, California, U.S. September 25, 2024. Meta shares jumped as much as 10% after the company reported second-quarter earnings on Wednesday that beat on revenue. Here's how the company did, compared with estimates from analysts polled by LSEG: Earnings per share : $7.14 vs. $5.92 expected : $7.14 vs. $5.92 expected Revenue: $47.52 vs. $44.80 billi

Qualcomm beats on earnings, highlights growth in Meta smartglasses

Cristiano Amon, CEO & President, Qualcomm, on Centre Stage during day one of Web Summit 2024 at the MEO Arena in Lisbon, Portugal. Qualcomm reported fiscal third-quarter earnings on Wednesday that beat Wall Street expectations and provided a stronger-than-expected guide for the current quarter. Qualcomm shares slid in extended trading. Here's how the chipmaker did for the quarter ending June 29 compared to LSEG consensus expectations: Earnings per share : $2.77 adjusted versus $2.71 expected

New report doubles down on iPhone rebound in China, despite overall market decline

A few weeks ago, a report from Counterpoint Research suggested Apple may be turning things around in China. Now, new data from Canalys shows iPhone shipments in mainland China rose during the second quarter of 2025, even as the broader smartphone market declined. Here’s the breakdown. iPhone picks up, but Apple still in fifth Canalys’ numbers show that Apple shipped 10.1 million iPhones in Q2 2025, placing it fifth in China’s smartphone rankings, behind Huawei, vivo, OPPO, and Xiaomi. As note

PayPal stock sinks 8% as company reports slow growth in key margin figure

PayPal reported better-than-expected results for the second quarter but saw slowing growth in transaction margin dollars, a key measure of profitability. The stock slipped more than 8% following the report. Here's how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG: Earnings per share: $1.40 adjusted vs. $1.30 expected $1.40 adjusted vs. $1.30 expected Revenue: $8.29 billion vs. $8.08 billion expected Sales increased 5% from $7.89 billion a year ear

PayPal reports slow growth in key margin figure even as earnings top estimates

PayPal reported better-than-expected results for the second quarter but saw slowing growth in transaction margin dollars, a key measure of profitability. The stock slipped more than 5% following the report. Here's how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG: Earnings per share: $1.40 adjusted vs. $1.30 expected $1.40 adjusted vs. $1.30 expected Revenue: $8.29 billion vs. $8.08 billion expected Sales increased 5% from $7.89 billion a year ear

PayPal beats on earnings, raises full-year outlook as Venmo growth accelerates

PayPal reported better-than-expected results for the second quarter and raised its full-year guidance for transaction margin dollars and earnings per share. The stock slipped more than 4% following the report. Here's how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG: Earnings per share: $1.40 adjusted vs. $1.30 expected $1.40 adjusted vs. $1.30 expected Revenue: $8.29 billion vs. $8.08 billion expected Sales increased 5% from $7.89 billion a year

Tesla Sold Its Bitcoin at Pretty Much the Worst Moment Imaginable

Talk about a missed opportunity. Horrible Timing Tesla massively missed the mark in the second quarter of this year, conceding this week that its automotive revenue fell a whopping 16 percent from last year, on top of last quarter's financial woes. As sales continue to plummet worldwide, the Elon Musk-led EV maker could really use a lifeline in the form of billions of cash. But as CNBC reports, its digital asset investments likely won't be the solution. Tesla boasted in its investor deck th

Nvidia supplier SK Hynix second-quarter profit and revenue hit record highs, topping estimates

The SK Hynix Inc. logo is displayed on a glass door at the company's office in Seoul, South Korea, on Monday, Jan. 27, 2014. SK Hynix aims to select a U.S. site for its advanced chip packaging plant and break ground there around the first quarter of next year. South Korea's SK Hynix on Thursday posted record operating profit and revenue in the second quarter on sustained demand for its high bandwidth memory technology used in generative AI chipsets. Here are SK Hynix's second-quarter results c

Tesla reports sales miss as auto revenue drops for second straight quarter

Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris on June 16, 2023. Tesla's slump this year is partly due to a backlash against the company in the U.S. and Europe, after CEO Elon Musk spent heavily to help reelect President Donald Trump , endorsed Germany's extreme anti-immigrant AfD party, and then led the Trump administration's Department of Government Efficiency. At DOGE, Musk helped to slash the federal workforce

Tesla profits pulled down by falling EV sales and regulatory credits

Falling EV sales combined with a lower average selling price, less revenue from regulatory credits, and a decline in solar and energy storage revenue took a toll on Tesla’s bottom line during the second quarter of 2025. And a 17% growth in revenue in its services business, which includes cash generated from its Supercharging network, wasn’t enough to close the gap. The company reported Wednesday revenue of $22.5 billion, a 12% decline from the same period last year. The company’s second quarter

Alphabet to report Q2 earnings after the bell

Alphabet is set to report its second-quarter earnings after the bell Wednesday. Here's what analysts polled by LSEG are expecting: Revenue: $93.94 billion $93.94 billion Earnings per share: $2.18 Wall Street is also watching these numbers in the report: YouTube advertising revenue : $9.56 billion, according to StreetAccount : $9.56 billion, according to StreetAccount Google Cloud revenue: $13.11 billion, according to StreetAccount $13.11 billion, according to StreetAccount Traffic acquisi

Texas Instruments' stock falls on weak forecast

Texas Instruments reported second-quarter results on Tuesday that beat analyst expectations for revenue and earnings. but the stock fell in extended trading due to a third-quarter forecast that missed estimates. Here's how the chipmaker did versus LSEG consensus estimates: Earnings per share : $1.41, vs. $1.35 estimated : $1.41, vs. $1.35 estimated Revenue: $4.45 billion, vs. $4.36 billion estimated Texas Instruments said it expects current quarter earnings between $1.36 and $1.60 per share,

Wall Street is upbeat on tech megacaps, but big questions loom on AI spending, China, Trump tariffs

In this article AAPL AMZN MSFT META TSLA GOOGL Follow your favorite stocks CREATE FREE ACCOUNT Mark Zuckerberg, CEO of Meta Platforms Inc.; from left, Lauren Sanchez; Jeff Bezos, founder of Amazon.com Inc.; Sundar Pichai, CEO of Alphabet Inc.; and Elon Musk, CEO of Tesla Inc., during the 60th presidential inauguration in the rotunda of the U.S. Capitol in Washington, D.C., on Jan. 20, 2025. Julia Demaree Nikhinson | Bloomberg | Getty Images As Alphabet and Tesla get set to kick off the te

TSMC profit surges 61% to record high fueled by AI chip demand

A motorcycle is seen near a building of the Taiwan Semiconductor Manufacturing Company (TSMC), which is a Taiwanese multinational semiconductor contract manufacturing and design company, in Hsinchu, Taiwan, on April 16, 2025. Taiwan Semiconductor Manufacturing Company on Thursday reported a near 61% year-on-year rise in second-quarter profit, hitting a record high and beating estimates, as demand for artificial intelligence chips stayed strong. The world's largest contract chip manufacturer fo

GMC Hummer EV outsold the Tesla Cybertruck last quarter

Sales of Tesla’s Cybertruck have plummeted from their peak last year, to the point that the hulking (and expensive) GMC Hummer EV outsold the polarizing steel-clad curiosity in the second quarter. Tesla sold just 4,306 Cybertrucks in the second quarter, just shy of the 4,508 Hummers that GMC moved in the same period, according to new data from Cox Automotive. Both were beat by Ford’s F-150 Lightning, which once again became the best-selling electric truck in the U.S. in the first quarter, beat

IDC: Mac shipments up 21% in Q2, but U.S. sales stalled ahead of tariff deadline

According to a preliminary report issued by IDC today, Apple saw the strongest year-over-year growth during Q2 compared to its closest competitors in the PC market, except in the U.S., where sales basically flatlined. Here are the details Based on today’s numbers, Apple outpaced the competition by a lot, with 21.4% growth year-over-year. However, it came up once again in fourth place with 9.1% market share. In practice, that translated to 6.2 million PCs shipped worldwide, up from 5.1 million

Lucid sales inch forward as EV maker pushes to ramp Gravity production

Lucid delivered 3,309 vehicles in the second quarter, a 6% increase in sales from the previous period and a new sales record for the EV maker. Lucid also reported it produced 3,863 vehicles in the second quarter, nearly 1,000 more than it made in the previous period. Lucid produced 2,212 vehicles in the first quarter and shipped another 600 additional vehicles to Saudi Arabia for final assembly. The delivery and accompanying production figures show Lucid has maintained — and even made some pro

Tesla's energy storage business gets sucked into the company's downward spiral

Even Tesla’s energy storage business, which has been a small, yet notable bright spot, can’t escape the cloud that’s hanging over the company. For the second consecutive quarter, deployments of its Powerwall and Megapack stationary storage products have declined, according to stats released by Tesla. In the second quarter of this year, the company installed 9.6 gigawatt-hours of storage, down 0.8 gigawatt-hours from the first quarter. Tesla’s energy storage division peaked in the fourth quarte

Tesla’s energy storage business gets sucked into the company’s downward spiral

Even Tesla’s energy storage business, which has been a small, yet notable bright spot, can’t escape the cloud that’s hanging over the company. For the second consecutive quarter, deployments of its Powerwall and Megapack stationary storage products have declined, according to stats released by Tesla. In the second quarter of this year, the company installed 9.6 gigawatt-hours of storage, down 0.8 gigawatt-hours from the first quarter. Tesla’s energy storage division peaked in the fourth quarte