Topic
earnings
Technology Nvidia sales soar above $96bn as AI data centre buildout accelerates
Nvidia reported Q2 revenue of $96bn, more than double year-on-year, with data centre revenue up 117% to $89bn. CEO Jensen Huang said AI has reached its inflection point, while the company guided to $108bn in next-quarter revenue.
Finance Max Estates Q1 Profit Drops 30% to ₹8.35 Cr, Total Income Flat at ₹80 Cr
Max Estates Ltd reported a 30% year-on-year decline in consolidated net profit to ₹8.35 crore for the June quarter, with total income flat at ₹80.07 crore. The Delhi-NCR realty developer, a Max Group arm, cited flat revenue for the drop. The company also operates services arm Max Asset Services.
Finance VST Tillers Tractors Q1 Profit Rises 9.36% to ₹48.73 Crore as Revenue Grows 11%
VST Tillers Tractors reported a 9.36% rise in Q1 net profit to ₹48.73 crore. Revenue from operations grew 11% to ₹313.4 crore, with operational EBITDA margin at 12.85%. Power tiller sales rose 17.9%, while tractor exports fell 12%.
Logistics Maersk raises 2026 outlook again as earnings surge, Q2 revenue climbs 20%
A.P. Moller-Maersk raised its 2026 guidance again after Q2 revenue jumped 20% to $15.8 billion on strong Far East exports, higher spot rates and port congestion. Ocean EBIT more than quadrupled, and the company lifted its full-year EBITDA forecast to $10.5–12.5 billion. Maersk also announced terminal investments in Brazil and Vietnam.
Business IndiQube Spaces narrows Q1 net loss to ₹23.88 crore as income rises
IndiQube Spaces narrowed its net loss to ₹23.88 crore in the quarter ended June, from ₹36.75 crore a year earlier, according to a regulatory filing. Total income rose to ₹448.81 crore from ₹324.12 crore, while expenses increased to ₹479.32 crore from ₹374.08 crore. The company operates 137 coworking centres across 17 cities with 10.61 million sq ft under management.
Business Shriram Properties Q1 profit falls 46% to ₹11 crore on higher expenses
Shriram Properties reported a 46% decline in Q1 FY27 consolidated net profit to ₹11.04 crore, driven by higher expenses and a loss in joint venture projects. Total income rose marginally to ₹271.04 crore, while sales bookings climbed 10% to ₹484 crore. The company's pipeline stood at 41 projects as of June 30, 2026.
Logistics Trimble sees freight 'green shoots' as transportation revenue rises 5%
Trimble's transportation and logistics revenue rose 5% organically to $141 million in Q2, while annualized recurring revenue climbed 7% to $533 million. CEO Rob Painter says the freight market is showing green shoots after four years of recession, and Trimble launched a strategic review after receiving unsolicited interest in the unit.
Finance Embassy Developments Net Loss Widens to ₹234.40 Crore in Q1 on Lower Income
Embassy Developments Ltd reported a consolidated net loss of ₹234.40 crore for the June quarter, widening from ₹165.64 crore a year earlier, as total income dropped to ₹241.28 crore from ₹694.05 crore. The board also approved a preferential allotment of ₹363 crore in convertible warrants to Embassy Group at ₹111.51 per share, an 80% premium over the regulatory floor.
Finance Trump Media Posts $238M Q2 Loss as Crypto Holdings Tumble, CEO Pivots to Social Media
Trump Media & Technology reported a $238 million Q2 net loss as bitcoin and Cronos holdings tumbled, with per-share losses widening from 8 cents to 86 cents. Revenue doubled to $1.7 million, while the company pivots back to social media under new CEO Kevin McGurn, launching Truth API and continuing a nuclear fusion merger.
Logistics BNSF earnings rise on higher volume and revenue
BNSF Railway reported a 13.9% increase in second-quarter pre-tax earnings to $2.06 billion, with revenue up 14.6% to $6.56 billion, according to parent Berkshire Hathaway. Intermodal-driven consumer products volume rose 9.3% on higher West Coast imports and tightening truck capacity, while coal volume fell 7.9%.
Finance Berkshire Hathaway Q2 Profit Rises 16% to $12.98B as Buybacks Accelerate
Berkshire Hathaway reported second-quarter operating profit of $12.98 billion, up 16% year-on-year, with revenue rising 10% to $101.81 billion. The company accelerated buybacks to $7.8 billion combined in Q2 and July, while its cash pile fell to $364.7 billion. Geico's underwriting profit dropped 45%, offset by gains at BNSF Railway and Berkshire Hathaway Energy.
Business Oil India Q1 profit doubles to ₹4,027 crore on higher crude output, NRL profits
Oil India reported a 97% year-on-year jump in consolidated net profit to about ₹4,027 crore for Q1FY27, helped by higher crude oil production and a 167% profit surge at subsidiary Numaligarh Refinery. The company also recorded its highest-ever daily crude output on June 27, 2026.
Logistics Uber Freight Revenue Jumps 25% but Digital Brokerage Remains Unprofitable
Uber Freight's second-quarter revenue rose 25% year-over-year to $1.583 billion, but the digital brokerage posted a negative $24 million operating income. The company's operating margin improved slightly to negative 1.5% of gross bookings. FreightWaves reported the growth likely stems from brokerage riding higher market rates.
Business Wall Street Mixed as Quarterly Earnings and SpaceX Lock-Up Expiry Drive Trading
Wall Street traded mixed on Thursday morning as the S&P 500 and Nasdaq each advanced 0.2% while the Dow eased 21 points. Earnings drove sharp moves: Honeywell Aerospace plunged 21%, AppLovin fell 19.6%, and both Keurig Dr Pepper and Molson Coors gained 1%. SpaceX shares rose 0.6% as a lock-up on over 911 million shares expired, and Brent crude climbed 1.7% to $80.78 on US-Iran war uncertainty.
Logistics RXO Q2 results: truckload spot mix jumps to 42%, profit per load hits historic high
RXO's second-quarter earnings revealed a strengthening truckload spot market, with spot mix jumping to 42% and a historic sequential increase in profit per load. Adjusted EBITDA rose to $40 million, though margins narrowed from a year earlier. Q3 guidance was mostly flat, and CEO Drew Wilkerson flagged ongoing carrier-vetting scrutiny following the Supreme Court's Montgomery decision.
Logistics DHL 30% Profit Growth Led by Heavy Air Freight as Express Carriers Take More Cargo
DHL Group posted a 30% increase in Q2 operating profit, driven by heavier air freight shipments, capacity shortages and fuel surcharge pass-throughs, according to FreightWaves. Express operating income jumped 64%, and DHL raised its full-year EBIT guidance to $7.43 billion.
Logistics North America becomes GXO's fastest-growing market in Q2, topping $782M
GXO Logistics reported $3.4 billion in Q2 revenue, up 4.3% year over year, as North America became its fastest-growing market, according to FreightWaves. First-half North American wins rose 85%, and the commercial pipeline reached $2.7 billion. CEO Patrick Kelleher said growth will accelerate into 2027.
Finance SpaceX's first earnings: Revenue soars to $7.8 billion in debut results
SpaceX reported a net loss of $541 million on revenue of $7.8 billion for Q2, beating Wall Street expectations by more than half. Revenue surged over 90% year over year, driven by Starlink, while infrastructure and R&D spending jumped to $18 billion.
Business Higher tariffs boost Airtel Q1 profit by 37%; revenue rises 18.4%
Bharti Airtel's Q1 net profit rose 37.3% to Rs 8,167.4 crore on higher tariffs, while revenue grew 18.4% to Rs 58,539 crore, according to Business Today. ARPU improved to Rs 264 from Rs 250, and the company raised its Airtel Africa stake above 79%. India mobile revenue rose 9.2% on premiumisation.
Logistics GXO Logistics Posts Strongest Sales Quarter in Three Years on $410M in New Wins
GXO Logistics reported Q2 2026 revenue of $3.4 billion, up 4.3% year over year, with $410 million in new business wins — its strongest quarterly commercial performance in three years. The contract logistics giant also boosted free cash flow from negative $43 million to positive $12 million and maintained its full-year outlook.
Logistics Matson Q2 Profit Surges as China Shipping Demand Drives Earnings Beat
Matson, Inc. reported Q2 2026 net income of $129.4 million, up 36.6%, as China service volume rose 15.2% to 37,200 FEUs. Premium CLX and MAX freight rates beat expectations, prompting a higher full-year outlook. Hawaii and Alaska volumes slipped.
Business Bharti Airtel Q1 Profit Jumps 37% to Rs 8,167 Crore; Revenue Up 18.4%
Bharti Airtel reported a 37.3% year-on-year jump in first-quarter net profit to Rs 8,167.4 crore, driven by higher mobile tariffs and customer additions. Revenue rose 18.4% to Rs 58,539 crore, with ARPU climbing to Rs 264. The company also completed a share swap lifting its Airtel Africa stake above 79%.
Finance Wall Street Near Record High as Earnings Rally, Crude Slips
Wall Street moved closer to fresh record highs on Tuesday as easing oil prices and strong corporate earnings lifted sentiment. The S&P 500 gained 0.6%, the Dow climbed 658 points, and Brent crude fell 4.2% to $80.29 a barrel, while the 10-year Treasury yield dropped to 4.63%.
Business ONGC Q1 Net Profit Doubles to Rs 17,034 Crore on Higher Crude Prices
ONGC reported a more than two-fold rise in Q1 FY27 net profit to Rs 17,033.81 crore, driven by higher crude oil realisations that rose to $99.45 per barrel. Total income climbed to Rs 48,321.65 crore, while oil and gas production declined marginally. The state-run firm also spudded its first deepwater well in the Mahanadi basin under the Samudra Manthan programme.
Logistics Expeditors posts strong quarter as air freight climbs 14% and ocean flattens
Expeditors International posted a strong second quarter, with air freight volume up 14% year over year and ocean volumes flat but up 7% sequentially, according to FreightWaves. Revenue rose 32% to $3.5 billion, and CEO Daniel Wall cited tight air capacity, hyperscaler demand, and tariff-related customs complexity.
Logistics Strong finish: Ocean lines raise profit outlook by 200%
Ocean Network Express (ONE) raised its full-year profit forecast by 200% to $900 million after Q1 FY2026 revenue rose to $4.539 billion, even as net profit fell to $31 million on higher fuel costs. Average freight rates climbed to $1,300/TEU and volumes grew to 3.257 million TEUs, while bunker prices jumped to $666/ton, according to FreightWaves.
Business Ajmera Realty & Infra Q1 Profit Rises 14% to ₹44.94 Crore on Higher Revenue
Ajmera Realty & Infra India Ltd reported a 14% year-on-year increase in consolidated net profit to ₹44.94 crore for the quarter ended June 2026, driven by higher revenue. Total income rose to ₹319.52 crore from ₹259.54 crore, according to a regulatory filing.
Commodities BP posts $5.73bn quarterly profit as Iran war lifts Brent crude to $103.85
BP reported a $5.73bn quarterly profit, more than double a year earlier and its highest since the Russia-Ukraine war began, after the Iran war disrupted oil and gas flows through the Strait of Hormuz. Brent crude averaged $103.85 a barrel in the quarter, up from $67.88. CEO Meg O'Neill plans to sell Archaea and BP's North Sea business.
Business Stock market outlook: RBI policy, earnings, Middle East tensions set Dalal Street mood this week
Business Today reports that the RBI's MPC meeting from August 3-5, June-quarter earnings from largecaps, and the US-Iran conflict will drive Dalal Street sentiment this week. Last week, the BSE Sensex gained 2,034.87 points (2.67%) and NSE Nifty rose 616.15 points (2.59%). Foreign investors returned as net buyers in July, investing Rs 20,200 crore in Indian equities.
Technology Aurora Reports Q2 Loss, Details Per-Mile Pricing for Driverless Truck Services
Aurora Innovation reported a Q2 net loss of $270 million and restated per-mile pricing for its two autonomous trucking business models. The company will move customers from transportation-as-a-service to driver-as-a-service starting in 2027, with Hirschbach Motor Lines as the anchor.
Finance Covenant Logistics Shares Plunge 11.2% on Earnings; CFO Stresses Long-Term Strategy
Covenant Logistics stock plunged 11.2% to $36.85 on Thursday after the company reported adjusted EPS of 42 cents, down from 45 cents, despite a 6.16% rise in freight revenue. CFO James Grant told analysts the company is deliberately built for long-term structural strengthening rather than short-term rate surges. The Expedited division lagged, with ex-fuel revenue down 12.9%.
Technology Three things we learned about AI from Big Tech earnings
Microsoft, Meta, Google, Apple and Amazon told investors they will keep spending heavily on AI, the BBC reported. Chatbots still generate little revenue, Alphabet's free cash flow went negative, and investors are demanding measurable returns. Key figures: Meta's $140bn-plus AI budget, Microsoft's $190bn, Amazon's $220bn.
Business CPKC sets second-quarter revenue record as operating income rises 10%
CPKC reported record second-quarter revenue of $3 billion, up 13%, and operating income of $1.06 billion, up 10%. Grain, automotive, and energy shipments drove growth, while coal declined 29%. Key operating metrics improved year-over-year, but safety metrics worsened.
Logistics Saia’s Softer Q3 Margin Guidance Triggers 12% Share Drop Despite Record Q2 Results
Saia reported record second-quarter earnings but its third-quarter margin guidance disappointed investors, sending shares down 12%. New service centers continue to drag on margins, though they improved 300 basis points in Q2. The carrier implemented a 7.1% general rate increase in July and expects full-year margin improvement at the lower end of its guidance range.
Manufacturing Mahindra & Mahindra Records 34% Profit Jump Despite Commodity Cost Headwinds
Mahindra & Mahindra's June-quarter consolidated profit rose 34% YoY to ₹5,455 crore, with nearly 70% of the increase from core operating businesses despite 400-500 bps commodity-cost inflation. The electric vehicle business turned profitable, contributing ₹288 crore PBIT, while farm equipment added ₹197 crore. The results highlight the strength of Mahindra's diversified portfolio.
Logistics C.H. Robinson Earnings Call Overshadowed by $600 Million Nuclear Verdict
C.H. Robinson's Q2 earnings call quickly shifted focus to the $600 million nuclear verdict from a Texas courtroom. CEO Dave Bozeman defended the company's actions, stating they are not liable and expect the verdict to be overturned. The case underscores the evolving legal environment for brokers after the Montgomery vs. Caribe Transport II Supreme Court decision.
Logistics XPO Q2 Earnings Beat Expectations Behind Strong LTL Performance and AI Efficiency Gains
XPO (NYSE: XPO) reported second-quarter adjusted EPS of $1.70, beating consensus by 23 cents on strong less-than-truckload (LTL) performance. LTL revenue rose 15% year-over-year to $1.43 billion, with the adjusted operating ratio improving 300 basis points to 79.9%. The company credited a better freight mix and AI-driven efficiency initiatives for the record results.
Business Prestige Estates Q1 Profit Declines 19% to ₹236 Crore, Revenue Rises
Prestige Estates Projects Ltd reported a 19% decline in consolidated net profit to ₹235.9 crore for Q1 FY2026-27, while total income rose to ₹2,835.6 crore. The company also announced a strategic partnership for a residential project in Thane with expected revenue of ₹6,000 crore.
Commodities Shell Profits Double as Oil Prices Rise Due to Iran War
Shell reported a doubling of second-quarter profits to $9.84bn, driven by soaring oil prices following the outbreak of the US-Israel war with Iran. The conflict caused major disruption to global oil and LNG supplies through the Strait of Hormuz. Shell's first-half earnings surged 70% to $16.76bn.
Technology Samsung Posts Record $62 Billion Operating Profit on AI Chip Boom in Q2
Samsung Electronics posted a record operating profit of 89.5 trillion won ($62 billion) in Q2 2026, driven by surging AI memory chip demand. The semiconductor division offset losses in mobile and appliances, as the company expects continued undersupply. Meanwhile, rivals SK Hynix also reported record revenue, and Samsung announced massive investments alongside global AI partnerships.
Technology Microsoft Q4 Results: Azure Tops $100 Billion as AI Growth Helps Beat Earnings Estimates
Microsoft reported Q4 revenue of $90 billion, an 18% increase, beating analyst estimates. Azure revenue surpassed $100 billion for the first time, and Microsoft 365 Copilot reached over 30 million paid seats, signaling strong returns from AI investments.
Logistics Unpacking Rail Earnings: How Volume Growth Fuels Merger Talks
Class 1 railroads reported Q2 volume growth of 2-6%, with intermodal leading. Canadian National and Union Pacific struck two agreements—one tied to the proposed NS-UP merger—granting CN faster access to Mexico and a first Kansas City foothold. Shippers face evolving competitive options.
Logistics UPS Falls Behind in Robust Trucking Market as PACCAR Rides Strong Demand
UPS's Q2 earnings missed expectations as the carrier declined to guide domestic volumes higher for H2, with Amazon's Flex expansion and ongoing restructuring weighing on sentiment. Meanwhile, PACCAR reported strong heavy-truck deliveries and raised its H2 outlook, indicating robust demand and favorable pricing. The tight driver market and upcoming EPA 2027 mandate are shaping capacity and equipment purchase decisions across the sector.
Logistics C.H. Robinson Hits Operating Margin Target, Continues Job Cuts in Q2 2026
C.H. Robinson achieved its mid-cycle operating margin target in Q2 2026, with adjusted operating margin rising to 34.7%. However, the company continued job cuts as part of its Lean AI strategy, while mixed performance across transportation modes revealed truckload weakness and LTL and air strength.
Logistics ArcBest's Q2 Results Show Operational Recovery in LTL and Brokerage Segments
ArcBest reported a Q2 net loss of $13.8 million but adjusted EPS of $2.38, beating consensus. Revenue rose 16% year-over-year to $1.18 billion. The LTL segment improved yield and operating ratio, while asset-light revenue surged 28% amid tightening capacity.
Logistics Geopolitics Drives CMA CGM Q2 Profit Surge of 42% as Volumes and Rates Climb
CMA CGM posted a 42.4% increase in second-quarter EBITDA to $2.26 billion, with maritime volumes rising 6% to 6.3 million TEUs. The carrier attributed the results to geopolitical instability, sustained freight rates, and network adjustments, including new services like the Mekong Transpacific Express.
Commodities TruAlt Bioenergy Q1 Net Zooms to ₹59.27 Crore on Higher Revenues, Capacity Expansion
TruAlt Bioenergy, India’s largest ethanol producer, posted a 12-fold jump in Q1 net profit to ₹59.27 crore as revenues surged 96% to ₹641.41 crore. Installed ethanol capacity grew 43% to 2,000 KLPD, with 65% now on dual-feed feedstock technology enabling year-round operations.
Business Paradeep Phosphates Q1 net profit rises 24% to ₹393 crore on 36% revenue growth
Paradeep Phosphates Ltd reported a 24% year-on-year rise in Q1FY27 net profit to ₹393 crore, driven by a 36% revenue increase to ₹6,124 crore. The board also approved a ₹250-crore investment for an aluminium fluoride plant as part of its diversification into industrial chemicals.
Finance Hudco Q1 Net Profit Surges 35% to ₹851 Crore, Interest Income Rises Sharply
Housing and Urban Development Corporation (Hudco) posted a 35% jump in Q1 FY27 net profit to ₹851 crore, with total income rising to ₹3,737 crore. The company declared an interim dividend of ₹1.25 per share and reduced loan provisions significantly.
Logistics Marten Transport Q2 Signals Reefer Market Tightening; Capacity Cuts and Rate Hikes Underway
Marten Transport reported Q2 results indicating a sharp tightening in the refrigerated truckload market. CEO Randy Marten said the freight market is breaking out from the longest recession on record, with regulatory enforcement removing capacity. The company raised rates, improved freight selection, and saw revenue per loaded mile increase 6% year-over-year in its non-dedicated TL fleet, despite an 8% reduction in tractor count.
Logistics Ryder Q2 Earnings Boosted by Used Vehicle Sales as Fleet Solutions Segment Improves
Ryder's Q2 earnings beat expectations with non-GAAP EPS of $3.73, a 12% year-over-year increase, driven largely by stronger used vehicle pricing. The company raised its full-year EPS and ROE forecasts, though average fleet size declined 15%. CFO Cristina Gallo-Aquino noted pricing continues to exceed residual values.
Logistics Union Pacific Posts Record Q2 Financial Results, Raises Full-Year EPS Outlook
Union Pacific reported record second-quarter revenue of $6.86 billion and operating income of $2.8 billion, driven by 2% volume growth and strong intermodal performance. The railroad raised its full-year earnings per share outlook to high single-digit growth, citing improved economic forecast and positive trends across most traffic segments except coal.
Logistics Norfolk Southern Posts Strong Q2 Profits as Volume Gains Accelerate Across All Segments
Norfolk Southern reported stronger second-quarter profits on across-the-board volume growth, with revenue rising 11% to a record $3.46 billion. Adjusted operating income increased 5% to $1.19 billion, driven by a 4% overall volume gain and a 25% surge in coal exports. The railroad also noted improvements in network speed and terminal dwell after a rough winter.
Logistics CSX boosts outlook on higher volume and revenue
CSX raised its full-year outlook after reporting strong second-quarter results with volume up 6%, revenue up 10% to $3.93B, and operating income up 17%. Intermodal led volume growth at 9%, but service metrics showed mixed performance with higher dwell and lower trip-plan compliance.
Logistics Norfolk Southern Q2 Earnings Beat Forecasts as Freight Demand and Fuel Surcharges Rise
Norfolk Southern posted second-quarter 2026 results that exceeded Wall Street expectations, driven by stronger freight demand and higher fuel surcharges. Adjusted profit was $3.52 per share versus a consensus of $3.31, and operating income rose 11% year-over-year to $3.5 billion. The railroad continues to benefit from improved pricing power across key freight categories.
Logistics Union Pacific reports 6% net income rise in Q2 2026, signaling stronger rail performance
Union Pacific reported a 6% year-over-year increase in net income to $2.0 billion for Q2 2026, with adjusted EPS rising 13% to $3.41. The results, covered by FreightWaves, indicate stronger underlying performance and healthy earnings momentum as the railroad enters the second half of 2026. Intermodal shippers and logistics managers should note the financial stability this implies for service reliability.
Logistics Knight-Swift Q2 earnings beat as truckload fundamentals see 'rapid progression'
Knight-Swift Transportation beat Q2 expectations with adjusted EPS of $0.63, $0.12 above consensus, driven by a rapid tightening in truckload market fundamentals. TL revenue rose 3% YoY with a 91% adjusted operating ratio, while intermodal returned to profitability. The company issued Q3 guidance of $0.71–$0.77, above estimates.
Logistics CSX Beats Q2 2026 Estimates as Intermodal Volumes Surge, Operating Margin Improves
CSX Corp. reported second-quarter 2026 earnings that exceeded Wall Street expectations, with revenue up 10.1% year-over-year to $3.94 billion and earnings per share of $0.54 beating estimates by 4.2%. The railroad saw a surge in intermodal traffic and a significant improvement in free cash flow from negative to positive $687 million, signaling strengthening demand across key freight segments in its eastern U.S. network.
Business Hatsun Agro Product Q1FY27 PAT flat at ₹133 crore on higher material costs despite 19% revenue growth
Hatsun Agro Product (HAP) reported a 1.5% decline in PAT to ₹133 crore for Q1FY27, impacted by a 37% rise in material costs, despite revenue growing 19% to ₹3,093 crore. Chairman RG Chandramogan highlighted strong brand equity and an expanded network of 42,000+ retail outlets across 22 manufacturing facilities in six states.
Commodities Rallis India Q1 Net Profit Surges 31% to ₹125 Crore on Higher Revenues
Rallis India posted a 31% jump in Q1 net profit to ₹125 crore on 7% higher revenue of ₹1,022 crore. The Crop Care and Seeds businesses drove growth, with new product launches across herbicides, insecticides, and crop hybrids.