Revenue of $11.5bn (+50% YoY). Data center revenue doubled to $6.7bn, lifting mix to 58%. 2027 guidance for data center is 'well above a doubling'.
However, gaming revenue fell 31% YoY. Client and Gaming OPM declined to 15% from 21% YoY. The company raised its 2030 AI accelerator TAM to $1.4tn. It said EPS will significantly exceed the $20 target.
AI segment revenue rose 247% YoY to $2.6bn, and Adj. EBITDA turned positive for the first time at $1.1bn. Management said ARR could reach $100bn by year-end.
However, capex reached $18.4bn in the quarter. Management expects it will not decline over the next two quarters.The Space segment still posted a $205mn loss. The company also pulled forward its $1tn revenue target from 2031 to 2030.
Subscribers topped 300 mn. Revenue growth at cc rebounded to 15%, and GPM hit a new high of 33.4%.
However, the company is intentionally increasing ad load and adding friction to the free tier in EMs. As a result, Q3 MAU guidance is just 788 mn and GPM is guided to ease to 32.9%, while about €200 mn of incremental FY opex is being deployed to marketing and AI.However, taking over cloud hosting for a government client pushed adj. GPM down to 86%, and Q3 will see a ramp in hiring and marketing spend. The company is betting its strategy on 'sovereign AI', partnering with NVIDIA to build in-house model fine-tuning and post-training capabilities.
Q2 total net revenue was RMB 15.9bn (+29% YoY). Operating profit rebounded 22% to RMB 2.1bn.
Same-store sales at company-operated stores fell 5.3% YoY. The high base from delivery subsidies in Jul–Aug last year will keep SSS under pressure in Q3.The company maintained its H1 pace of opening 5,000+ stores. Global store count reached 36,310.Below is Dolphin Research's Trans of $Rivian Automotive(RIVN.US) FY26 Q2 earnings call. This section summarizes the core highlights.
1) Full-year delivery guide raised: 65k–70k units for 2026 (covering R1, R2 and commercial vans), up 3k vs. prior. It implies 42.4k–47.4k deliveries in H2, with the R2 ramp skewing volume to Q4...Below is Dolphin Research's Trans of the $Roblox(RBLX.US) FY26Q2 earnings call. I. Core highlights recap — 1) Shareholder returns: following last quarter's print, the company announced a share buyback program. Designed primarily to offset dilution from employee equity grants, it auto-adjusts — buying more when the stock is down and fewer shares when it is up; management also retains the ability to accelerate or add to the authorization and will continue to evaluate...
Below is Dolphin Research's FY26 Q2 earnings call Trans for $Reddit(RDDT.US). Section I: Core results recap.
1) Shareholder returns: Buybacks became a more meaningful capital tool this quarter, with approx. $235 mn repurchased (~1.5 mn shares) at an avg. price of ~$157. About $760 mn remains under the current authorization. The company's capital allocation priorities are to invest in the biz., pursue opportunistic M&A, and repurchase shares, in that order, while maintaining a high profitability profile...
Below is Dolphin Research's compiled transcript for $Coinbase(COIN.US) FY26Q2 earnings call. Section I: Core takeaways recap.
1. The Circle partnership auto-renewed on existing terms: the company met the renewal conditions, and the agreement will roll on the original terms, removing prior market uncertainty around renewal. The company will continue working with Circle to expand USDC's scale and build out its ecosystem.
2. Revenue mix is meaningfully more diversified: BTC-related trading revenue has fallen from historically more than half of total, to below half of total. ...
Below is Dolphin Research's Trans of $Apple(AAPL.US) FY26Q3 (June quarter) earnings call. I. Core highlights from the release.
1) Shareholder returns: The BOD declared a cash dividend of $0.27 per share, payable on Aug 13, 2026 to shareholders of record as of Aug 10. Capital return totaled $33.0bn this quarter, including $4.0bn in dividends and equivalents and $25.8bn in share repurchases.
Quarter-end cash and marketable securities were $147.0bn. Total debt was $84.0bn...
