Bloomberg Samsung Electronics Co.’s chip unit beat expectations with a more than five-fold profit gain in profit, a healthy signal for an artificial intelligence spending wave that’s triggered a surge in memory demand. The South Korean company plans to expand sales of AI-related chips and is on track to begin delivering its next-generation high-bandwidth memory, HBM4, to Nvidia Corp. in the first ...
Bloomberg Samsung Electronics Co.’s chip unit beat expectations with a more than five-fold profit gain in profit, a healthy signal for an artificial intelligence spending wave that’s triggered a surge in memory demand. The South Korean company plans to expand sales of AI-related chips and is on track to begin delivering its next-generation high-bandwidth memory, HBM4, to Nvidia Corp. in the first quarter. That’s a key step in its bid to catch up with SK Hynix Inc. in a high-margin product essential for AI accelerators. Its shares gained more than 1% in extended trading. Most Read from Bloomberg Samsung’s strong showing followed better-than-anticipated results from its smaller rival, suggesting that voracious appetite for AI memory is outstripping global supply, creating a windfall for the two industry leaders. Meta Platforms Inc. and Microsoft Corp. unveiled sharp gains in capital spending when they reported results overnight. At the same time, that demand has caused shortages of conventional DRAM and NAND used in modern electronics from personal computers to smartphones. Samsung and Hynix executives will offer their outlook and perspectives for the market on separate calls Thursday morning. “Samsung’s HBM4 confidence signals that its ‘fast follower’ journey is finally bearing fruit,” said Greg Roh, an analyst at Hyundai Motor Securities Co. “The company now appears to have the technical edge to lead the industry’s transition to next-generation of HBM later this year.” Samsung reported a three-month operating profit of 16.4 trillion won ($11.4 billion), compared with analysts’ average projection of 10.85 trillion won. Its net income came to 19.29 trillion won, beating estimates of 15.1 trillion won. Samsung also said it would buy back 3.57 trillion won of its shares, and announced a special dividend payout that raises its fourth-quarter payout to 3.75 trillion won. Photographer: SeongJoon Cho/Bloomberg The company’s shares more than doubled in value in 2025 and surg...
After a years-long revenue drought, there's a light at the end of the tunnel. It's been a miserable past three years for Pfizer (PFE 2.42%) shareholders. Although this drugmaker's stock was all the rage in the early days of the COVID-19 pandemic, as it co-created a coronavirus vaccine as well as supplied a treatment, it's been unable to reproduce those incredible results. 2025's projected top line...
After a years-long revenue drought, there's a light at the end of the tunnel. It's been a miserable past three years for Pfizer (PFE 2.42%) shareholders. Although this drugmaker's stock was all the rage in the early days of the COVID-19 pandemic, as it co-created a coronavirus vaccine as well as supplied a treatment, it's been unable to reproduce those incredible results. 2025's projected top line of between $61 billion and $64 billion remains markedly below 2022's record-breaking peak revenue of just over $100 billion. It would also be naïve to ignore that the pharmaceutical company was so focused on COVID-19 that other drug development efforts weren't prioritized at the time. Now it's noticeable. Expand NYSE : PFE Pfizer Today's Change ( -2.42 %) $ -0.64 Current Price $ 25.86 Key Data Points Market Cap $151B Day's Range $ 25.75 - $ 26.39 52wk Range $ 20.91 - $ 27.69 Volume 45M Avg Vol 65M Gross Margin 69.12 % Dividend Yield 6.49 % However, investors throwing in the towel on Pfizer's underperforming stock right now may be doing so at the exact wrong time. A revenue rebound is brewing. It won't materialize this year. It probably won't start becoming evident in next year's results either. The company has regularly touted the possibility of bringing several new billion-dollar oncology drugs to the market by 2030, though, plus a weight-loss drug it picked up with November's $10 billion acquisition of Metsera that puts it into a market Pfizer CEO Albert Bourla believes could eventually be worth more than $150 billion per year. Despite pulling the plug on a handful of trials last year including work on its phase 2 blood cancer treatment CD47, the company could still easily add on the order of $10 billion or more in new revenue by 2030. And that's just the five-year outlook. Acquisitions like Arena Pharmaceuticals in 2022 and 2023's $43 billion deal for Seagen put new prospects in the drugmaker's pipeline that can't complete their testing until after that point. Sure, inv...
(RTTNews) - The Singapore stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had gathered more than 80 points or 1.7 percent. The Straits Times Index sits just beneath the 4,910-point plateau and it may be stuck in neutral again on Thursday. The global forecast for the Asian markets is soft amid geopolitical concerns, although suppo...
(RTTNews) - The Singapore stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had gathered more than 80 points or 1.7 percent. The Straits Times Index sits just beneath the 4,910-point plateau and it may be stuck in neutral again on Thursday. The global forecast for the Asian markets is soft amid geopolitical concerns, although support from gold and oil figure to limit the downside. The European markets were down and the U.S. bourses were mixed and flat and the Asian markets figure to split the difference. The STI finished modestly lower on Wednesday following losses from the property stocks, gains from the industrials and a mixed picture from the financials. For the day, the index sank 13.68 points or 0.28 percent to finish at 4,909.34 after trading between 4,890.29 and 4,925.54. Among the actives, CapitaLand Ascendas REIT slumped 0.70 percent, while CapitaLand Integrated Commercial Trust rose 0.43 percent, CapitaLand Investment and SATS both stumbled 1.29 percent, City Developments retreated 1.06 percent, DBS Group added 0.46 percent, DFI Retail Group tanked 1.67 percent, Hongkong Land declined 0.71 percent, Keppel DC REIT gained 0.45 percent, Keppel Ltd perked 0.27 percent, Mapletree Pan Asia Commercial Trust improved 0.68 percent, Oversea-Chinese Banking Corporation skidded 0.61 percent, Seatrium Limited jumped 1.44 percent, SembCorp Industries fell 0.17 percent, Singapore Airlines dropped 0.31 percent, Singapore Technologies Engineering was up 0.42 percent, SingTel contracted 0.65 percent, Thai Beverage tumbled 1.04 percent, United Overseas Bank collected 0.70 percent, UOL Group plummeted 3.13 percent, Wilmar International plunged 2.29 percent, Yangzijiang Shipbuilding advanced 0.90 percent and Mapletree Industrial Trust, Mapletree Logistics Trust, Genting Singapore, Singapore Exchange and Frasers Centrepoint Trust were unchanged. The lead from Wall Street is of little help as the major averages o...
Tesla profits slumped 46% last year, as it lost its crown as the top EV seller toggle caption David Zalubowski/AP Tesla's profit dropped 46% year over year, the company revealed in its earnings update Wednesday evening. That was not exactly a surprise — in fact, it was better than most analysts had expected. Tesla had already reported sales for the quarter, which showed the continuation of a slump...
Tesla profits slumped 46% last year, as it lost its crown as the top EV seller toggle caption David Zalubowski/AP Tesla's profit dropped 46% year over year, the company revealed in its earnings update Wednesday evening. That was not exactly a surprise — in fact, it was better than most analysts had expected. Tesla had already reported sales for the quarter, which showed the continuation of a slump that stretched through much of the year . More revenue from other parts of the company, like a growing energy storage business, haven't made up for the fact that Tesla's not selling as many cars as it used to. Tesla, once the undisputed global leader in electric vehicle sales, has lost that crown as its brand reputation has soured and competition — particularly from China — has grown more intense. Sponsor Message But the company continues to maintain that it's in the process of transitioning from being a car company to a "physical AI company," with value based on its self-driving vehicle technology, its robotaxi service and, eventually, humanoid robots. As part of that pivot, Tesla is discontinuing its higher-end Model S and Model X vehicles. The vehicles were already made in much smaller numbers than the more affordable Models 3 and Y, but had symbolic value. The Model S , in particular, was a major step forward for Tesla and electric vehicles; Tesla called it the "world's first mass-produced, highway-capable EV," and it was the first vehicle built at Tesla's Fremont factory. Instead of more traditional vehicles, the company is focusing its attention on its "Cybercab," a vehicle built without a steering wheel or pedals that's meant to replace existing Teslas in the company's nascent robotaxi business. "We would expect over time to make far more Cybercabs than all of our other vehicles combined," Musk said on a quarterly earnings call with investors and analysts Wednesday night. "The vast majority of miles traveled will be autonomous in the future … I'm just guessing, but ...
He also pointed to tougher European Union 'rules of origin' measures which are due to come into force in January next year. These will significantly increase the amount of parts and components produced in the EU or the UK that needs to be included in electric vehicles exported in either direction, if they are to be exempted from steep tariffs imposed at the border.
He also pointed to tougher European Union 'rules of origin' measures which are due to come into force in January next year. These will significantly increase the amount of parts and components produced in the EU or the UK that needs to be included in electric vehicles exported in either direction, if they are to be exempted from steep tariffs imposed at the border.
A target of building 1.3m cars a year is likely to be missed unless a large new UK factory is built in the coming years, an industry group has said, as Keir Starmer prepares to hold trade talks in China. Labour aims to have 1.3m vehicles rolling off production lines by 2035, a central ambition of its industrial strategy. That would nearly double the 764,715 cars and vans made in 2025, according to...
A target of building 1.3m cars a year is likely to be missed unless a large new UK factory is built in the coming years, an industry group has said, as Keir Starmer prepares to hold trade talks in China. Labour aims to have 1.3m vehicles rolling off production lines by 2035, a central ambition of its industrial strategy. That would nearly double the 764,715 cars and vans made in 2025, according to new data from the Society of Motor Manufacturers and Traders (SMMT). UK vehicle production slumped 15.5% in 2025 compared with the previous year, hitting its lowest point since 1952 apart from during Covid-19 lockdowns. Chinese manufacturers are seen as the most likely to build new electric vehicle assembly plants in the UK. Mike Hawes, chief executive of the SMMT, said to hit that target the UK would need to “keep what you’ve got, grow what you’ve got, and then also try and attract some additional inward investment … To get to 1.3 [million] you kind of need a new plant.” Starmer arrived in China for his three-day visit to Beijing and Shanghai on Wednesday, alongside a delegation that included executives including from carmakers Jaguar Land Rover (JLR) and McLaren, and Octopus Energy, one of the biggest owners of electric cars. View image in fullscreen Starmer speaking to members of a business delegation during his visit to China. Photograph: Carl Court/AP Hawes pointed to the trip as a potential catalyst for new investment, adding: “In terms of who is expanding their production globally, it’s the Chinese. There is dialogue taking place.” Hawes called it “the toughest year in a generation” after the industry was buffeted by US trade tariffs, turmoil at Nissan and a cyber-attack that crippled production at JLR in August and September. However, he also pointed to hopes of a recovery driven by EVs in 2026, after a record 41.7% of new cars produced, or 298,813, were battery electric or hybrid last year, up 8.3 percentage points compared with 2024. Hopes are growing that a Chin...
Forget brash statement projects – Riba’s prestigious gold medal has gone to a pivotal figure who works above an Aldi and designs billowing bandstands, jewel-like chapels and buildings that change colour When Níall McLaughlin was shortlisted for the Stirling prize in 2013, for designing an exquisitely jewel-like chapel for a theological college near Oxford, he brought along his client to the prize-...
Forget brash statement projects – Riba’s prestigious gold medal has gone to a pivotal figure who works above an Aldi and designs billowing bandstands, jewel-like chapels and buildings that change colour When Níall McLaughlin was shortlisted for the Stirling prize in 2013, for designing an exquisitely jewel-like chapel for a theological college near Oxford, he brought along his client to the prize-giving ceremony. It was the first (and possibly last) time a group of Anglican nuns had ever graced such a spectacle. Despite clearly having God on his side, he lost out that year, but eventually scooped the Stirling in 2022, for the New Library at Magdalene College, Cambridge. Founded in 1428, Magdalene’s alumni include Samuel Pepys, Norman Hartnell and Bamber Gascoigne. Oxbridge colleges expect their buildings to endure, and McLaughlin delivered a reassuringly robust and handsomely detailed exemplar, mixing crisp planes of brick that recalled the American modernist Louis Kahn, with top notes of English Arts and Crafts, echoing the gabled forms of the college’s historic courts. Continue reading...
British food sector representatives have urged the government to introduce a transition period if it agrees to realign post-Brexit agriculture rules with the EU. They warned that aligning regulations overnight would create a “cliff edge” that could cost UK businesses between £500m and £810m a year, because of the divergence in standards since Brexit. David Bench, chief executive of Croplife, a tra...
British food sector representatives have urged the government to introduce a transition period if it agrees to realign post-Brexit agriculture rules with the EU. They warned that aligning regulations overnight would create a “cliff edge” that could cost UK businesses between £500m and £810m a year, because of the divergence in standards since Brexit. David Bench, chief executive of Croplife, a trade organisation that represents the agrichemical sector, said: “If we do not have a transition period, it would have very damaging consequences.” The warning comes days after the president of the National Farmers’ Union (NFU) said that British oats used in cereals, snack bars, meatballs and veggie burgers could be rendered unsellable in the EU, because British farmers for the past five years have been allowed to use certain fungicides not yet approved by the EU. The point of the UK-EU reset is to remove the barriers that have led thousands of businesses to stop exporting to the EU, and to reduce supermarket prices. The parliamentary trade select committee has said the extra red tape was costing the UK an extra £8.4bn, with goods trade down 18% on five years ago, and food and drink down 24%. Concerns are being raised as the EU and the UK start technical talks on a new sanitary and phytosanitary (SPS) agreement, one of the targets laid out at the “reset” summit last May between Keir Starmer and the European Commission chief, Ursula von der Leyen. If an SPS deal entered into force on 1 January 2027, for example, crops grown in 2026 under British rules but still in grain stores in 2027 would be rendered unsellable in the EU, the NFU has said. Talks between British and EU officials began in London last week with the aim of removing much of the Brexit paperwork for both sides. One transport chief told the trade select committee Brexit paperwork had been “pure hell”, with one truck held up for as long as 27 days in Calais simply because it did not have the right certificates for a...
Water bills in England and Wales will rise by an average of £33 per household in April, in the latest above-inflation increase intended to fix leaking pipes and sewage treatment works. The increase will push the average annual water bill to £639 in the year from 1 April, up 5.4% on the previous year, according to figures published on Thursday by Water UK, a lobby group for the industry. The highes...
Water bills in England and Wales will rise by an average of £33 per household in April, in the latest above-inflation increase intended to fix leaking pipes and sewage treatment works. The increase will push the average annual water bill to £639 in the year from 1 April, up 5.4% on the previous year, according to figures published on Thursday by Water UK, a lobby group for the industry. The highest average bill will be as much as £759 for Southern Water customers in southern England. Water companies have come under sustained criticism in recent years amid outrage over sewage spilling into Britain’s rivers and seas. The regulator, Ofwat, granted companies permission to charge customers a record £104bn between 2025 and 2030 in order to pay for maintenance and upgrades. Annual water bills surged by £123 last year at the start of the five-year period. The 5.4% increase will be two percentage points above December’s rate of inflation. Customers of United Utilities in north-west England will see the biggest increase in their average annual bills – £57. The smallest increase to the average bill of the combined water and sewerage companies will be the £3 added by Thames Water, the crisis-hit supplier to London and the Thames Valley, which added most of its five-year increase last year. Individual household bills are determined by usage and the size of homes. Campaigners have criticised the bill increases. River Action is taking the government to court to argue that the hikes were not granted properly. Its chief executive, James Wallace, said claims of record investment meant “that bill payers, not water companies, are being forced to pick up the tab for decades of failure”. David Henderson, Water UK’s chief executive, said: “We understand increasing bills is never welcome, but the money is needed to fund vital upgrades to secure our water supplies, support economic growth and end sewage entering our rivers and seas. “While we urgently need investment in our water and sewera...
Personal finance expert Dave Ramsey says minimum wage was never meant to support a family or create wealth, but to give workers a first step into the job market. Comedian Theo Von asked Ramsey on his podcast in April 2024 about the growing debate over minimum wage and how rising prices are making it harder for Americans to get by. Ramsey said history shows minimum wage was "never designed" to supp...
Personal finance expert Dave Ramsey says minimum wage was never meant to support a family or create wealth, but to give workers a first step into the job market. Comedian Theo Von asked Ramsey on his podcast in April 2024 about the growing debate over minimum wage and how rising prices are making it harder for Americans to get by. Ramsey said history shows minimum wage was "never designed" to support a family or build wealth. "Truthfully, I don’t think any time in history, minimum wage has been enough to take care of a family," he said. "So you’ve always had to think beyond minimum wage if you wanted to excel, if you wanted, a, build some wealth or b, just take care of a family." Don't Miss: The AI Marketing Platform Backed by Insiders from Google, Meta, and Amazon — Invest at $0.85/Share Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here’s how you can earn passive income with just $10, starting today. ‘Do Something That Beats Minimum Wage' Ramsey said that people always have the opportunity to "beat" minimum wage by taking initiative. He said when he was 12, he chose to cut yards for a flat $3 per yard and tried to finish each one in about an hour, while the minimum wage at the time was $1.65 an hour. "I’m making double minimum wage at 12 years old and that’s how my little math brain was working, so I’m running that mower, you know, I’m going," Ramsey said. "So you don’t want to sit and say okay, minimum wage is my gauge of whether I can go win because I can go do something that beats minimum wage." Millions of Americans live paycheck to paycheck despite earning more than minimum wage. It's hard to boost income with side hustles or a business when you're barely making ends meet and have little time outside your regular job. Investing is the answer for building long-term wealth. Arrived allows individuals to invest in shares of rental properties for as little as $100, providing the potential for month...
Rinchem , a Stonepeak Partners -backed chemical logistics and services company, is asking some lenders to accept losses as part of a debt deal to help finance its acquisition of Dupré Logistics , according to people with knowledge of the matter. Rinchem said Wednesday that the buyout will be funded in part by about $100 million of new money from existing lenders. Creditors backing the transaction ...
Rinchem , a Stonepeak Partners -backed chemical logistics and services company, is asking some lenders to accept losses as part of a debt deal to help finance its acquisition of Dupré Logistics , according to people with knowledge of the matter. Rinchem said Wednesday that the buyout will be funded in part by about $100 million of new money from existing lenders. Creditors backing the transaction also agreed to exchange up to $300 million of debt for new loans with maturities extended to 2031, the company said in a statement. Lenders outside the so-called ad hoc group will face less favorable terms, the people said, asking not to be identified discussing a private transaction. Representatives for Stonepeak and company adviser Houlihan Lokey Inc. declined to comment. Read More: Stonepeak-Backed Rinchem Moves Assets Out of Creditor Reach The new money will come in the form of a new first-out term loan, the people said, while existing debt will be reorganized into second-out and third-out classes. Lenders that brokered the deal can exchange about $200 million of debt into the new second-out loan at 89 cents on the dollar, the people said. Creditors outside the ad hoc group are being asked to swap at 62 cents, or accept a cash payout at 55 cents that’s capped at $15 million, the people said. Only lenders that participate in the exchange are eligible to take part in the new-money raise. Investors who don’t participate will see their covenants stripped, will not benefit from the Dupré collateral and will rank below third-out holders in repayment priority, the people said. Separately, a minority group of lenders plan to meet with legal counsel Glenn Agre Bergman & Fuentes Thursday to coordinate a response, the people said. Messages left with Glenn Agre were not returned. The planned debt overhaul has the backing of all of Rinchem’s revolving credit lenders and about 69% of term-loan holders, the people said.
As China’s two largest cities by economic output, Beijing and Shanghai are widely seen as barometers for the country’s broader economic performance In 2025, Beijing’s gross domestic product reached 5.2 trillion yuan (US$748 billion), making it the second Chinese city to cross the 5-trillion-yuan mark after Shanghai, which breached the threshold in 2024 and did so again in 2025 with a GDP of 5.67 t...
As China’s two largest cities by economic output, Beijing and Shanghai are widely seen as barometers for the country’s broader economic performance In 2025, Beijing’s gross domestic product reached 5.2 trillion yuan (US$748 billion), making it the second Chinese city to cross the 5-trillion-yuan mark after Shanghai, which breached the threshold in 2024 and did so again in 2025 with a GDP of 5.67 trillion yuan. Based on last year’s figures, each city’s economic size is comparable to that of a smaller European country, such as Sweden or Belgium. In this explainer, the Post examines economic data from both megacities, breaking down what has sustained their growth and how policymakers are positioning them for the next stage of development. What sustained the economic growth? In 2025, both Beijing and Shanghai posted GDP growth of 5.4 per cent, beating the national average of 5 per cent, according to official data released on Wednesday. Advertisement In Beijing, growth was driven mainly by the information, software and IT services sector and finance, which together accounted for 51.8 per cent of GDP and contributed more than 80 per cent of overall growth, according to the city’s statistics bureau. Manufacturing also showed strong momentum in the national capital, with double-digit growth in electric vehicle output and a 47.6 per cent rise in service robot production . The city accounted for about one-third of China’s humanoid robotics industry by August, according to Beijing’s mayor, Yin Yong. [3] Advertisement In Shanghai, services remained the main growth engine, led by finance and the information and IT sector. Meanwhile, hi-tech manufacturing – including integrated circuits, artificial intelligence (AI) and new energy – recorded double-digit output growth, far above the city’s overall industrial growth rate. AI firms’ revenues jumped nearly 40 per cent year on year to 435 billion yuan in the first three quarters in Shanghai, official data showed.
00:03 Speaker A Time now for to watch Thursday, January 29th. We're going to start off on the earnings front. If you didn't get enough tech earnings, we have more on the way Thursday, headlined by Apple's first quarter results. The iPhone maker reporting after the market's close, and I was anticipating Apple's report may hinge less on iPhone demand, and more on margins this quarter. Memory prices ...
00:03 Speaker A Time now for to watch Thursday, January 29th. We're going to start off on the earnings front. If you didn't get enough tech earnings, we have more on the way Thursday, headlined by Apple's first quarter results. The iPhone maker reporting after the market's close, and I was anticipating Apple's report may hinge less on iPhone demand, and more on margins this quarter. Memory prices are rising sharply, and while Apple is likely insulated in the near term, investors will be listening closely to guidance for signs of pressure 00:29 Speaker A later this year. Another key metric analysts are watching, whether delayed iPhone sales finally show up in Q1, and if services growth can help offset higher hardware costs. Moving over to housing, we're going to be getting new mortgage rate data from Freddie Mack on Thursday. 30-year fixed rate ticking up to 6.09% in the previous reading, elevated rates and affordability issues continuing to be a thorn in the side of not just home buyers, but also President Trump. And on the job front, fresh data coming in on Thursday with 00:53 Speaker A initial jobless claims, Thomas forecasting claims to increase compared to the week prior, 205,000 signaling slightly more people filing for unemployment for the first time.
2026 Brings Big Changes To Charitable-Deduction Rules Now that we're into 2026, many provisions of last year's One Big Beautiful Bill Act (OBBBA) are coming to life. One set of tweaks brings major changes to the tax treatment of charitable contributions , getting non-itemizers back into the tax-saving game but curtailing tax benefits for itemizers and higher-income filers. Ever since standard dedu...
2026 Brings Big Changes To Charitable-Deduction Rules Now that we're into 2026, many provisions of last year's One Big Beautiful Bill Act (OBBBA) are coming to life. One set of tweaks brings major changes to the tax treatment of charitable contributions , getting non-itemizers back into the tax-saving game but curtailing tax benefits for itemizers and higher-income filers. Ever since standard deductions were nearly doubled in 2018, far fewer Americans have been itemizing their deductions -- only about 9% in recent years. For the masses, that reduced the appeal of charitable donations, since the only way to benefit from contributions was via an itemized deduction. Losing a major selling point, the country's charities pushed for the creation of an "above-the-line" deduction for non-itemizers . With the 2025 OBBBA, their ship came in. Which organizations are on your 2026 donation list? Let us know in the comments In 2026, single people who take the standard deduction can deduct up to $1,000 in cash gifts to qualified 501(c)(3) public charities. For married couples, it's $2,000 . You can't take an above-the-line deduction for contributions to donor-advised funds or private foundations. As usual, the IRS requires that you have a written acknowledgement from a charity that you give $250 or more. Unlike itemized charitable contributions, there's no carry-forward for contributions that exceed your cap on the deduction in a given year. This new deduction feature of the tax code has no expiration date, and it will be adjusted for inflation going forward. Non-profit institutions are welcoming the change. "The new above-the-line deduction will make it easier for Americans to support causes they care about,” says Daniel McAdams, executive director of the Ron Paul Institute for Peace and Prosperity . "A healthy non-profit sector is critical to a free society." While the OBBBA is all good news for the standard-deduction crowd, the new law tightened charitable tax-deductions for th...
Microsoft reported a marginal decline in the growth of its cloud-computing unit while the company’s capital expenditure increased about 66% year-on-year. The Microsoft stand, during the first day of Mobile World Congress 2016 in Barcelona, 22nd of February, 2016. (Photo by Joan Cros/NurPhoto) (Photo by NurPhoto/NurPhoto via Getty Images) The company posted revenue of $81.3 billion, 17% higher than...
Microsoft reported a marginal decline in the growth of its cloud-computing unit while the company’s capital expenditure increased about 66% year-on-year. The Microsoft stand, during the first day of Mobile World Congress 2016 in Barcelona, 22nd of February, 2016. (Photo by Joan Cros/NurPhoto) (Photo by NurPhoto/NurPhoto via Getty Images) The company posted revenue of $81.3 billion, 17% higher than the same period last year and beating street expectations of $80.25 billion. Earnings also beat market estimates, with Q2 earnings per share coming in at $4.14, increasing 24% year-on-year. Amy Hood, Microsoft’s CFO, said about two-thirds of the company’s capital expense was on short-lived assets, including GPUs and CPUs. Microsoft Corp. (MSFT) shares slumped over 7% in after-hours trading on Wednesday despite the company reporting second-quarter (Q2) 2026 results that beat Wall Street expectations. However, the company reported a marginal decline in the growth of its cloud-computing unit, Azure, which clocked a 38% growth in sales for the latest quarter, compared to 39% growth in the same period last year. The company’s capital expenditure increased about 66% year-on-year, to $37.5 billion. Q2 Results The world’s largest software vendor posted revenue of $81.3 billion, 17% higher than $69.63 billion from the same period last year. The latest revenue numbers beat street expectations of $80.25 billion as per data from Fiscal.ai based on 39 analyst estimates. Earnings also beat market estimates, with Q2 earnings per share coming in at $4.14, increasing 24% year-on-year, and beating analyst estimates of $3.95, as per Fiscal.ai data. “We are only at the beginning phases of AI diffusion and already Microsoft has built an AI business that is larger than some of our biggest franchises," said Satya Nadella, chairman and CEO of Microsoft in a statement. “We are pushing the frontier across our entire AI stack to drive new value for our customers and partners,” Nadella added. Capex R...
is a senior reporter covering technology, gaming, and more. He joined The Verge in 2019 after nearly two years at Techmeme. Posts from this author will be added to your daily email digest and your homepage feed. Sebastiaan de With, known for his work on apps like Halide, Kino, and Orion as the co-founder of Lux, is joining Apple’s design team, he announced today. “So excited to work with the very ...
is a senior reporter covering technology, gaming, and more. He joined The Verge in 2019 after nearly two years at Techmeme. Posts from this author will be added to your daily email digest and your homepage feed. Sebastiaan de With, known for his work on apps like Halide, Kino, and Orion as the co-founder of Lux, is joining Apple’s design team, he announced today. “So excited to work with the very best team in the world on my favorite products,” de With says in his post. It’s unclear what the future of Lux or its apps will be given de With’s new role. de With and Apple didn’t immediately reply to a request for comment. de With has worked with Apple in the past; on his website, he says that he has done “design work for various companies like Apple, where I worked on iCloud / MobileMe and the Find My apps.”
Uladzimir Zuyeu/iStock via Getty Images Introduction After delivering a triple play for Q4 2025, Meta Platforms, Inc. ( META ) stock is rising by ~9% to $729 per share in the post-market session. In this report, we break down Meta's latest quarterly results and reassess its long-term risk/reward to reach an informed investment decision. Dissecting Meta's Q4 2025 Report For Q4 2025, Meta reported r...
Uladzimir Zuyeu/iStock via Getty Images Introduction After delivering a triple play for Q4 2025, Meta Platforms, Inc. ( META ) stock is rising by ~9% to $729 per share in the post-market session. In this report, we break down Meta's latest quarterly results and reassess its long-term risk/reward to reach an informed investment decision. Dissecting Meta's Q4 2025 Report For Q4 2025, Meta reported revenues of $59.89B [+24% y/y] and non-GAAP EPS of $8.88 per share, beating consensus estimates of $58.47B and $8.18 per share, respectively. Seeking Alpha And, these stronger-than-expected results were driven by continued improvement across Meta's core KPI metrics, with Family of Apps [FOA] DAPs up 7% y/y to 3.58B, FOA Ad Impressions up 18% y/y, and FOA Average Price Per Ad up +6% y/y in Q4 2025. Meta Investor Relations Now, while Meta exceeded management's CAPEX guide for 2025 of $70-72B by a sliver, total expenses fell within management's guided range of $116-118B. Consequently, Meta delivered operating income of ~$25B, operating cash flow of ~$36B, and free cash flow of ~$14B for Q4 2025. According to Mark Zuckerberg, Meta founder and CEO, We had strong business performance in 2025. I'm looking forward to advancing personal superintelligence for people around the world in 2026. Looking forward, Meta's leadership is guiding for Q1 2026 revenue to come in the range of $53.5-56.5B, well above the pre-ER consensus of $51.4B, thereby completing the triple play for Q4. Meta Investor Relations Interestingly, Meta's total expense guide of $162-169B calls for a 40% y/y jump in expenses in 2026, with CAPEX expected to rise to $115-135B (from ~$72B in 2025) to support Meta's ongoing quest for superintelligence. Despite management projecting 2026 operating income to be higher than 2025, I think such heavy CAPEX spending will raise several question marks around ROI in the investor community, given that expense growth is far outpacing revenue growth. Now, that said, the social media/d...