Earnings live: Palo Alto Networks stock pops, with retail bellwethers Walmart, Target on deck

Palo Alto Networks (PANW) stock shot up 6% after hours after the company reported solid earnings and margin growth in its fiscal fourth quarter.

The cybersecurity firm reported $2.54 billion in revenue in its fiscal fourth quarter (a 16% increase) and earnings per share of $0.95. Wall Street analysts expected revenue of $2.50 billion and earnings of $0.89 per share, according to S&P Global Market Intelligence.

Shares of Palo Alto Networks are off by 10% over the past month due to a drawdown following the company’s $25 billion acquisition of identity security solutions provider CyberArk. But guidance for full-year adjusted EPS of $3.75 to $3.85 also came in above expectations amid the deal.

“Cybersecurity is a clear 2nd/3rd derivative play on the AI Revolution with PANW in the driver’s seat to gain market/mind share in the cybersecurity landscape,” Wedbush analyst Dan Ives wrote in a note ahead of earnings. Ives added, “the continued shift to the cloud [is] putting the company in a strong position to accelerate deal flow as more strategic enterprise AI projects take hold over the coming year.”

Bloomberg reports:

Read more here.

The focus turns to retailers next week as heavyweights Walmart (WMT), Target (TGT), Lowe’s (LOW), and Home Depot (HD) report results.

Investors will be listening for changes in consumer behavior as tariffs and inflation remain top concerns for households.

Earlier this earnings season, Amazon CEO Andy Jassy noted that the company wasn’t seeing diminishing demand or meaningful price increases. Similarly, Mastercard CEO Michael Miebach said consumer spending remains healthy.

However, recent data showed retail sales rose by less than expected in July. And some companies, particularly fast-casual restaurants, noted their customers were pulling back.

With that mixed picture in the backdrop, the earnings calendar next week should provide additional insights from some of the big brands Americans shop. Here’s what’s on deck:

Monday

Palo Alto Networks (PANW), Blink Charging (BLNK)

Tuesday

Home Depot, Xpeng (XPEV), Medtronic (MDT), La-Z-Boy (LZB), Toll Brothers (TOL)

Wednesday

Target, Lowe’s, Baidu (BIDU), TJX Companies (TJX), Estée Lauder (EL)

Thursday

Walmart, Intuit (INTU), Zoom Communications (ZM), Workday (WDAY), Ross Stores (ROST)

Friday

BJ’s Wholesale (BJ)

Nvidia’s (NVDA) deal with President Trump to give the US government a 15% cut of H20 chip revenue in China adds an interesting wrinkle to the company’s earnings. China has responded by urging companies not to use the chips.

Yahoo Finance’s Daniel Howley writes that the payment, which could face legal challenges, won’t show up in Nvidia’s Q2 report but could boost its Q3 outlook if the administration moves quickly.

Howley notes:

Read more here.

McGraw Hill (MH) stock gained 2% after reporting its first quarterly results since going public.

It traded around $13.61 on Thursday afternoon. In July, shares opened at $17 apiece in the company’s IPO.

Total revenue increased 2.4% year over year to $535.7 million. The education solutions company also swung to a $0.5 million profit, compared to its $9.4 million loss a year ago.

Market share gains, enrollment, and continued demand for digital learning solutions fueled the higher education business, which saw revenue jump 14.1% year over year. Revenue for the K-12 segment, however, declined 1.4%. These two business units make up the bulk of McGraw Hill’s business.

The smaller international business noted weakness, with an 11.7% decrease in revenue, while sales in the global professional business held steady.

For 2026, McGraw Hill sees revenue in a range of $1.98 billion to $2.04 billion.

Listen to the earnings call here.

Quantum Computing (QUBT) CEO Yuping Huang said that the company continued to make progress in growing commercial traction in the second quarter, but the industry is still focused on reaching technology milestones.

Second quarter revenue totaled approximately $61,000, compared to $183,000 in the same period a year ago. The company reported a net loss of $36.5 million, or $0.26 per share. In Q2 2024, Quantum Computing posted a net loss of $5.2 million, or $0.06 per share.

Quantum Computing stock fell 2.3% after hours in what’s been a whipsaw year for quantum stocks. In June, the stock spiked 25% in one day after Nvidia CEO Jensen Huang said quantum computing “is reaching an inflection point.”

But the industry is still in its infancy. The other big quantum player, Rigetti Computing (RGTI), reported a technology breakthrough in its recent results but also big losses.

“We are talking of a market that’s hundreds of billions of dollars a decade or two from now,” Rigetti CEO Subodh Kulkarni told Market Domination Overtime. “But right now, we are clearly in the R&D stage. We clearly need to perfect the technology to get to that big milestone in about four years, which we call quantum advantage.”

Read more about quantum computing here.

Applied Materials (AMAT) recorded an earnings beat for the July quarter but said that the “dynamic” policy environment is creating uncertainty for the business. That led the chip equipment maker to issue a revenue forecast of $6.7 billion for the fourth quarter, below what the Street was expecting.

“We are expecting a decline in revenue in the fourth quarter driven by both digestion of capacity in China and nonlinear demand from leading-edge customers given market concentration and fab timing,” CFO Brice Hill said. “We are navigating and adapting to the near-term uncertainties by leveraging our robust supply chain, global manufacturing footprint and deep customer relationships.”

The company, whose clients include Taiwan Semiconductor and Intel, posted record revenue of $7.30 billion in Q3, up 8% year over year, surpassing estimates for $7.2 billion. Earnings per share of $2.48 also beat estimates by $0.12.

Applied Materials stock fell 11% in after-hours trading.

Read more here.

Dillard’s (DDS) stock rose 7% on Thursday after the department store chain reported revenue and profit beats for the quarter.

Net income fell to $72.8 million compared to $74.5 million a year ago, but earnings per share rose $0.07 year over year after the Arkansas-based company bought back stock.

Revenue of $1.53 billion beat Wall Street estimates of $1.52 billion, according to S&P Global Market Intelligence. Earnings per share of $4.66 also topped estimates of $4.00 per share.

Total retail sales were flat, with strength in juniors’ and children’s apparel as well as ladies’ accessories and lingerie. The weakest performing category was home and furniture.

Other major retailers, including Walmart (WMT), Target (TGT), and Macy’s (M), will report second quarter results in the coming weeks, providing a more in-depth look into consumer spending habits.

Dillard’s stock is up 23% year to date. It has climbed 78% since its April 8 low.

Advance Auto Parts (AAP) stock sank 14% on Thursday morning after issuing a downbeat profit forecast.

The Raleigh, N.C.-based company beat Wall Street’s earnings estimates but lowered its full-year earnings per share outlook to $1.20-$2.20 from its previous range of $1.50-$2.50. Advance Auto Parts attributed this change to a higher net interest expense related to its recent senior notes offering.

In the earnings call, executives noted that approximately 40% of the company’s cost of goods is exposed to tariffs at a blended rate of 30%.

During the quarter, Advance Auto Parts saw lower transactions but higher tickets, as prices increased by 2%. The company noted that its competitors are also raising prices in a similar fashion.

“If you look at the maybe lower to mid-income cohorts, they are more pressured than others right now,” CFO Ryan Grimsland said about the price impacts of tariffs. “The wages aren’t necessarily fully keeping up with some of the inflation that’s in there. And so there are trade-offs that they’re making. And we’re still seeing that. It’d be interesting to see how that plays out in the back half of the year.”

Chinese e-commerce giant JD.com (JD) rose 1% in premarket trading after the company beat estimates for quarterly revenue on Thursday, highlighting robust shopping traffic. However, profits halved year over year.

Total revenue rose 22.4% to 356.66 billion yuan ($49.73 billion) during the second quarter, above analysts’ average estimate of 331.63 billion yuan.

Profit fell by more than 50% to 6.2 billion yuan ($864 million) from 12.6 billion yuan a year earlier as the company invests in new businesses such as food delivery, competing with Meituan (MPNGY) and Alibaba (BABA).

Reuters reports:

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Tapestry (TPR) stock fell 8% before the bell on Thursday after the Coach handbag maker forecast annual profit below estimates. The company cited higher costs due to tariffs that have hit its margins.

Reuters reports:

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Lenono Group LTD., the world’s top PC maker, reported better-than-expected profit on PC sales but the stock dropped on worries over its cloud division.

From Bloomberg Intelligence:

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(Reuters) – Farm-equipment maker Deere & Co reported a lower third-quarter profit and tightened its annual profit forecast on Thursday, pressured by headwinds from U.S. tariffs and muted demand.

…

Deere’s net income in the third quarter came in at $1.29 billion, or $4.75 per share, compared with $1.73 billion, or $6.29 per share, a year earlier.

Overall, quarterly sales fell about 9% to $12.02 billion from a year ago.

Read more here.

Reuters reports:

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Foxconn, also known as Hon Hai Precision Industry Co., (2317.TW, HNHPF, HNHAF) said on Thursday it expects higher third-quarter revenue due to robust demand for its artificial intelligence servers, which has helped the world’s largest contract electronics maker beat forecasts and see a 27% increase in second-quarter profit.

Reuters reports:

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Cisco Systems (CSCO) reported adjusted earnings per share of $0.99 in the fiscal fourth quarter, barely beating estimates of $0.98. Revenue was $14.67 billion versus an estimate of $14.63 billion.

Its fiscal first quarter forecast for revenue was also better than expected, as the AI boom boosted demand for networking equipment from cloud customers. However, Cisco stock fell 2% after hours.

Reuters reports:

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Brinker International (EAT) stock jumped 9% in premarket trading on Wednesday after the restaurant group reported earnings and revenue that topped estimates, powered by another quarter of strong sales at Chili’s.

The company reported net income of $107 million, or $2.49 per share on an adjusted basis, on revenue of $1.46 billion in the fiscal fourth quarter. During the same period last year, Brinker posted net income of $57.3 million ($1.24 per share) on $1.2 billion in revenue.

The results were also better than Wall Street expected. Estimates going into the report were for adjusted diluted earnings per share of $2.47 and revenue of $1.44 billion.

Chili’s was the standout this quarter, with 23.7% sales growth and 16% traffic growth. Comparable sales at Maggiano’s declined 0.4%.

“With that sustained momentum, along with a strong pipeline of initiatives, we are confident in our ability to grow sales and traffic throughout Fiscal 2026,” CEO Kevin Hochman said in a statement. “Chili’s is officially back, baby back!”

Brinker expects fiscal 2026 revenue to be between $5.6 billion and $5.7 billion. It sees full-year earnings per share at $9.90 to $10.50.

Cava (CAVA) missed Wall Street’s mark for revenue and same-store sales growth in its second quarterly earnings report.

The company’s revenue came in at $280.62 million, below the $285.56 million Wall Street expected, per Bloomberg consensus estimates. Adjusted earnings beat by $0.03, coming in at $0.16.

Same-store sales came in lower than expected, up 2.1%, driven by menu prices and product mix. Meanwhile, guest foot traffic was flat, far less than the 6.14% jump expected by the Street.

In the release, CEO Brett Schulman called it a “fluid macroeconomic environment,” adding that it “continued to grow market share” during the quarter.

For the full year, the company expects same-store sales growth of 4% to 6%, down from the previously expected range of 6% to 8%.

Nvidia (NVDA)-backed AI cloud company CoreWeave (CRWV) delivered solid revenue growth in its second quarterly report since going public, but its loss per share widened. The stock fell 6% in after-hours trading.

Wall Street expected strong top-line numbers going into earnings, as robust AI demand, a deal with Core Scientific, and a $4 billion expansion deal with OpenAI (OPAI.PVT) fueled the quarter. Two of CoreWeave’s key customers, Microsoft (MSFT) and Meta (META), also reaffirmed their spending plans going into the quarter in a bullish sign for AI demand.

Here are some key figures CoreWeave reported versus estimates compiled by S&P Global Market Intelligence:

Revenue beat: $1.21 billion, versus $1.08 billion estimated and $395.4 million a year ago.

Wider loss per share: $0.60 loss per share, compared to a $0.49 loss estimated.

Operating expenses increased: $1.19 billion in the quarter, compared to $317 million a year ago.

Lighter capital expenditures on property and equipment: $2.45 billion, compared to estimates of $3.54 billion.

Revenue backlog increased: $30.1 billion, as of June 30. In the first quarter, the company’s backlog was $25.9 billion.

“Our strong second quarter performance demonstrates continued momentum across every dimension of our business,” CEO and co-founder Michael Intrator said in the earnings release. “We are scaling rapidly as we look to meet the unprecedented demand for AI.”

CoreWeave said it will provide forward-looking guidance on its earnings call at 5 p.m. ET. You can listen to that call live on the company’s stock page.

Read more here.

Chinese robotaxi operator Pony.ai (PONY) reported revenue grew 76% year over year in the second quarter as the business scaled its autonomous vehicle production.

The stock was up more than 1% in premarket trading but pared gains during the earnings call (you can listen to it live here).

The Toyota-backed (TM) company began mass production of its two robotaxi models in June and July, respectively. Robotaxi revenue also surged over 300% to $1.5 million in the quarter.

“Since mass production started two months ago, over 200 Gen-7 Robotaxi vehicles have rolled off the production line, putting us firmly on track to hit the year-end 1,000-vehicle target,” Pony.ai CEO James Peng said in a statement.

The company is still on its journey to profitability. For the quarter, it posted a net loss of $53.3 million (loss of $0.14 per share), compared to a loss of $30.9 million in the same period a year ago.

(Reuters) – Stock and crypto trading platform eToro beat Wall Street views for profit in the second quarter on Tuesday, as retail investors maintained a firm risk appetite despite broader macroeconomic uncertainty due to new tariffs.

Shares of eToro rose in premarket trading after results.

Retail trading activity has been strong this year, buoyed by gains in U.S. equity markets and renewed interest in high-risk assets such as cryptocurrencies and tech stocks.

Read more here.

Footwear company On Holding (ONON) stock gained 7% in early trading after beating second quarter sales estimates and raising its full-year sales guidance.

Net sales increased by 38.2% year over year on a constant currency basis, with revenue coming in at 749 million Swiss francs. The company reported a diluted loss per share of CHF 0.12, a loss of around $0.15.

In 2025, net sales are expected to be up at least 31% year over year on a constant currency basis. Previously, the company guided for sales to be up at least 28%. On also expanded its adjusted EBITDA margin to 17%-17.5% from 16.5%-17.5% previously.

“On has a very strong momentum across the world,” CEO Martin Hoffmann told Yahoo Finance, “This is most visible in our growth of our DTC channel, which has seen 55% growth in the quarter.”

Investors were pleased with On’s ability to mitigate the tariffs successfully on its key sourcing region, Vietnam.

“Our industry has always been exposed to tariffs in the US,” Hoffmann said. “This is nothing new for us. … We have been paying around 20% of most of our imports, and now this number goes up to 40% for importations from Vietnam and 39% for Indonesia.”

Hoffmann said the company benefits from being a premium player, as consumers are willing to pay up for innovation.

He added, “We are a premium brand and we want to be the most premium global sportswear brand. We keep on investing in quality, in our innovation, in our customer experiences, in sustainability, in social impact. … The same is for price increases. We don’t need additional price increases this year to mitigate the impact.”

(Reuters) – Circle (CRCL) posted higher revenue and reserve income on Tuesday in its maiden quarterly results since going public in June, driven by increased circulation of its USDC stablecoin and stronger subscription services.

Shares rose more than 7% in premarket trading, solidifying the rally that has pushed the company’s stock to more than five times its initial public offering price.

Read more here.

Smithfield Foods Inc. (SFD), stock fell 2% before the bell despite raising its profit expectations following a strong second-quarter.

The largest pork producer in the US cited challenges stemming from tariffs imposed by President Trump on some of the biggest importers of the meat.

Bloomberg News reports:

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Reuters reports:

Tencent Music Entertainment (TME) surpassed second-quarter revenue expectations on Tuesday, driven by stronger subscriber growth and rising engagement with long-form audio content such as podcasts and audiobooks.

The company’s New York stock rose 3% before the bell on Tuesday.

Read more here.

Shares of nuclear energy company Oklo (OKLO) fell after the closing bell on Monday as second quarter results failed to meet Wall Street’s lofty expectations.

The advanced fission company reported a net loss of $34.5 million in Q2, or $0.18 per share, compared to a loss of $0.27 per share during the same period last year. All the same, Wall Street analysts were hoping for an $0.11 per share loss.

Oklo stock went into earnings as an outperformer. Year to date, shares are up 238%, compared to an 8% rise in the S&P 500 (^GSPC), as several tailwinds have fueled the stock’s rise. These include President Trump’s executive orders supportive of the nuclear industry, a wave of demand for artificial intelligence and data centers, and several deals Oklo inked during the year.

BigBear.ai (BBAI) stock tumbled 20% after the company reported a wide earnings and revenue miss and lowered its revenue guidance.

Here’s what the AI software firm reported compared to estimates, according to S&P Global Market Intelligence:

BigBear, which provides software to the US government, noted that Department of Government Efficiency (DOGE) cuts weighed on the business.

“While we are very optimistic with … growth opportunities, we have also seen disruptions in federal contracts from efficiency efforts this quarter, most notably in programs that support the U.S. Army, as they seek to consolidate and modernize their data architecture and in turn, we have adjusted our full-year guidance this quarter to reflect these disruptions,” BigBear.ai CEO Kevin McAleenan said in the earnings release.

Listen to BigBear.ai’s earnings call live on the stock page.

Primary hydrogen player Plug Power (PLUG) continues to grow its top line, but a larger-than-expected loss disappointed in the second quarter.

Plug Power reported a $0.20 loss per share, a wider loss than the $0.15 per share Wall Street expected, according to S&P Global Market Intelligence.

The company posted $174 million in revenue, a 21% increase year over year, above estimates for $157 million, and on the high end of its previous forecast for between $140 million and $180 million in Q2 revenue.

The company’s gross margin remained negative at -31%, though it marked an improvement from the -92% margin in the same quarter a year ago. Plug Power said it expects to achieve breakeven in its gross margin run rate in Q4 2025.

Plug also held $140 million in unrestricted cash and cash equivalents at the end of the quarter.

The stock fell more than 5% in after-hours trading. Year to date, the stock is down 25%, though investors grew more bullish on the stock in July following the passage of the One Big Beautiful Bill Act, which Plug Power called “a major policy win.”

The tax and spending law extended the hydrogen production tax credit, providing a 30% credit on fuel cell purchases and more certainty to the industry.

Listen to the earnings call live here.

C3.ai Inc. (AI) stock tumbled as much as 30% after the software company reported a steep sales miss that it attributed to its founder’s health issues.

Bloomberg reports:

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Micron Technology (MU) stock rose around 4% in early trading on Monday after the semiconductor company raised its forecast for fourth-quarter revenue and adjusted profit, citing surging demand for its memory chips used in artificial intelligence infrastructure.

Micron is expected to reported fiscal fourth quarter earnings on Sept. 24.

Read more here.

AMC (AMC) stock jumped 8.8% in premarket trading after the movie theater chain reported attendance in the second quarter grew nearly 26% as blockbusters drew in moviegoers.

The company also reported a narrower-than-expected loss per share of $0.01, compared to estimates of a loss of $0.06 per share.

Reuters reports:

Read more here.

Monday.com (MNDY) stock fell as much as 20% after the project management software company missed earnings estimates.

In the second quarter, Monday.com reported earnings of $0.03 per share and revenue of $299 million. While revenue beat analyst expectations of $293 million, GAAP profits fell short, as Wall Street was looking for $0.20 per share, per S&P Global Market Intelligence.

Investors have been looking for signs that economic uncertainty is pushing companies to pull back their spending on technology and software.

The Israeli-based company’s operating loss fell to $11.6 million from $1.8 million a year ago, and the operating margin fell to negative 4% from 1% last year.

Monday.com kept its full-year forecast roughly the same. It expects total revenue to grow about 26% to a range of $1.224 billion to $1.229 billion in 2025.

“This quarter demonstrated our relentless focus on driving highly efficient growth at scale, and I’m energized by the momentum in our business and the opportunities we see ahead,” CFO Eliran Glazer said in the earnings release. “As we navigate the shifting landscape, we remain focused on the factors we can control — executing on our innovation roadmap, bolstering our go-to-market efforts to serve customers of all sizes, driving best-in-class operational efficiencies, and delivering products people love.”

According to FactSet’s tally, 90% of S&P 500 companies have reported second quarter earnings so far, meaning the end of earnings season is in sight (though certainly not complete until Nvidia’s (NVDA) report on Aug. 27).

It’s been a good earnings season: More than 8 in 10 companies have reported both a positive earnings per share surprise and a positive revenue surprise.

Some other key updates from FactSet’s senior earnings analyst John Butters:

Read more here.

Wendy’s beat Wall Street’s estimates on the top and bottom lines on Friday; however, the company issued a weaker full-year financial outlook, sending shares about 1% lower in premarket trading.

This year, the company sees adjusted earnings per share in a range of $0.82 to $0.89, lower than its previous forecast of $0.92 to $0.98.

Global systemwide sales are also now projected to come in lower than previously expected for a decline of 3% to 5%, compared to the previous outlook of flat sales to a 2% decline.

In the second quarter, sales decreased 1.8% to $3.7 billion, led by a 3.3% decline in the US market.

The fast food chain reported revenue of $560.9 million, topping estimates of $558 million. Earnings per share were $0.29, also a beat against estimates of $0.25 per share.

On Wednesday, McDonald’s (MCD) reported a return to sales growth after economic uncertainty and inflation weighed on consumers and eroded the restaurant chain’s value perception.

Listen to the earnings call live here.

Trade Desk (TTD) stock fell by a third during premarket trading on Friday — putting it on track to wipe roughly $12 billion from its market cap — after CEO Jeff Green warned that tariff uncertainty began to weigh on some leading global advertisers.

Reuters reports:

The Trade Desk’s second quarter earnings of $0.18 per share were in line with analyst estimates. Revenue of $694 million beat analyst estimates of $686 million, according to S&P Global Market Intelligence. The company expects third quarter revenue of at least $717 million, roughly in line with estimates.

Read more here.

SoundHound AI (SOUN) reported record revenue in its second quarter results, as its expansion into new verticals, such as restaurants and hospitals, helped fuel 217% year-over-year revenue growth.

The stock rocketed 24% higher in premarket trading on Friday.

SoundHound develops artificial intelligence solutions that businesses use for automation and to create conversational experiences for their customers. In Q2, SoundHound reported strong growth in its automation, automotive, and enterprise AI for customer service verticals.

The company posted a GAAP loss of $0.19 per share on $42.7 million in revenue. Last year, SoundHound reported a loss of $0.11 per share and revenue of $13 million.

SoundHound also raised its 2025 revenue outlook to $160 million to $178 million, up from its previous forecast of $157 million to $177 million.

“The investments we are making are already showing high returns,” SoundHound CFO Nitesh Sharan said on the company’s earnings call. Sharan noted that the company sees a path to profitability “in the near-term horizon.

Listen to the earnings call here.

Under Armour (UA) stock slumped by 12% before the bell on Friday after the sportswear maker forecast second-quarter revenue below Wall Street estimates.

The company is grappling with muted demand in North America due to still-high inflation and tariff uncertainty.

Reuters reports:

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Expedia Group (EXPE) stock leaped 15% higher in after-hours trading as Wall Street looked favorably on signs of a travel demand recovery, a raised gross bookings forecast, and double-digit profit growth.

Reuters reports:

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Live Nation Entertainment (LYV) stock rose modestly after hours following second quarter results from the discretionary spending economic bellwether. The release showed that fans are still willing to spend on concerts and live events.

Reuters reports:

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FanDuel-owner Flutter (FLUT) raised its forecast for full-year profit growth on Thursday after a winning streak for US gamblers ended, benefiting the world’s largest online betting company.

A better-than-expected second quarter yielded core profits of $400 million, a 54% rise. Revenue came in at $4.19 billion, above estimates and up from $3.61 billion a year ago.

Flutter increased its annual profit forecast to $3.3 billion from $3.18 billion, projecting 40% year-over-year growth.

The company is looking into the regulatory landscape for prediction markets and considering an entry into that market, which allows users to bet on the outcomes of future events.

Earlier on Thursday, DraftKings (DKNG) also attributed healthy revenue growth to favorable outcomes.

Revenue increased 36% to $1.5 billion, while profits were $0.30 per share, double what Wall Street was expecting at $0.15 per share.

Flutter stock rose fractionally after hours. DraftKings shares were also muted, falling 0.35% on the day and another 0.2% after hours.

Read more here.

Reuters reports:

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Shares of Pinterest (PINS) dropped over 10% after hours after missing earnings expectations.

Revenue grew 17% year over year to $998 million, and earnings per share were $0.33. Wall Street was looking for revenue of $975 million and earnings per share of $0.35.

Global monthly active users on the site increased 11% annually to reach 578 million.

The results follow earnings from Meta (META), Amazon (AMZN), and Snap (SNAP). On one hand, Snap recorded its slowest quarter of revenue growth in a year. On the other, Amazon’s online ad sales jumped 23% year over year, and Meta’s advertising revenue rose 22%.

“I’m proud of our Q2 results — delivering 17% revenue growth and another quarter of record users. We’re also excited that Gen Z has grown to over half of our user base,” said Bill Ready, CEO of Pinterest. “Three years into our business transformation, I’ve never been more confident in Pinterest’s ability to deliver for our users and advertisers. We’ve found our best product market fit ever by becoming a personalized shopping destination for users and an AI-powered performance platform for advertisers. With this focus, we believe we’re well-positioned to further capture market share.”

Read more here.

Block (XYZ) stock surged after hours as the Jack Dorsey-led fintech company reported 14% gross profit growth and raised its annual profit forecast. Shares were up 10% on Thursday afternoon.

Gross profits for the Square payment processing segment grew 11% year over year to $1.03 billion, while CashApp’s gross profit grew 16% to $1.5 billion.

Block noted strength in consumer spending. In the second quarter, Square’s gross payment volume, or the total monetary value of transactions, grew 10% annually (7% in the US and 25% internationally). The company said it observed notable strength in the food, beverage, and retail categories.

For the full year, Block sees $10.17 billion in gross profit and full-year adjusted operating income of $2.03 billion, representing 2% margin expansion growth.

Read more here.

Texas Roadhouse (TXRH) said it expects greater commodity inflation in the second half of the year to weigh on profitability, which sent shares 3% lower in after-hours trading.

The company reiterated its outlook for positive same-store sales but noted that it expects commodity inflation of 5%, including the estimated impact of tariffs, and labor inflation of approximately 4%.

“Our operators delivered another quarter of strong comparable restaurant sales growth driven by positive traffic across all three of our brands,” Texas Roadhouse CEO Jerry Morgan said in an earnings release. “While we expect commodity inflation to further impact our profitability for the rest of the year, we remain focused on what we can control— preserving our value proposition and maintaining a relentless focus on operational excellence across all our brands.”

For the second quarter, Texas Roadhouse earned net income of $125 million, or $1.86 per share, missing Wall Street estimates of $1.91 per share. Revenue of $1.51 billion rose 12.7% year over year.

Sunrun (RUN) stock rallied more than 30% on Thursday after the solar company reported a surprise profit on Wednesday, lifting shares of other solar stocks.

In the second quarter, Sunrun reported profits of $1.07 per share, compared to an expected loss of $0.12 per share. Sunrun recorded $569 million in revenue, also beating Wall Street estimates for $560 million, per S&P Global Market Intelligence.

The report offered a bright spot in what’s been a turbulent quarter for renewables, as President Trump’s signature budget law accelerated the phase-out of some solar and wind tax credits despite strong lobbying by the industry.

“Sunrun is well-positioned to continue to generate strong financial returns under the enacted legislation,” Sunrun CEO Mary Grace Powell assured investors on the earnings call. “While the sunset of the 25D homeowner tax credit could lead to large declines for a segment of the market in certain geographies, Sunrun is positioned to continue to grow margins and volumes into 2026.”

The Trump administration has also cracked down on permitting for wind and solar projects while propping up nuclear and fossil fuels. And tariffs prove to be another headwind. Powell said tariff costs were “at the low end” of its previously forecast range of $1,000 to $1,300 per customer.

Crocs (CROX) forecast a 9% to 11% decline in third quarter revenue on Thursday, as tariffs and a softer consumer spending environment weigh on the business.

The stock lost a quarter of its value, falling 25% to $79 per share in early trading after reporting second quarter results.

“We expect the Crocs brand to be down mid-single digits, led by declines in North America, offset in part by growth in international,” Crocs CFO Susan Healy said in the company’s earnings call. “This includes our expectation that the second half wholesale environment will be challenging for both brands based on the visibility we have in our current order books.”

On the cost side, Crocs expects incremental tariffs to create a $40 million headwind in the second half of the year for a total impact of $90 million for the year. The shoe company imports most of its products from China, Vietnam, Indonesia, India, and Cambodia, which face tariffs in a range of 10% to 20%.

The company sees a 170-basis-point impact on adjusted operating margins in the third quarter, largely from tariffs.

Revenue for the June quarter slightly beat estimates at $1.41 billion. Adjusted diluted earnings per share of $4.23 also beat expectations of $4.02 per share.

Peloton (PTON) swung to a profit in its fiscal fourth quarter, posting earnings of $21.6 million, or $0.05 per share, compared to estimates for a loss of $0.05 per share and a loss of $0.08 per share last year.

Revenue fell to $606.9 million, but still topped estimates for $579.9 million in the quarter. The stock jumped over 8% in premarket trading.

The fitness platform announced it launched a cost-cutting plan intended to achieve $100 million in savings by the end of fiscal year 2026, which includes layoffs. “This is not a decision we came to lightly, as it impacts many talented team members, but we believe it is necessary for the long-term health of our business,” CEO Peter Stern said in a shareholder letter.

Peloton’s outlook for the upcoming year includes $2.4 billion to $2.5 billion in total revenue, a 51% gross margin, and $400 million to $450 million of adjusted EBITDA.