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...
Below is Dolphin Research's FY26Q2 earnings call Trans for $Amazon(AMZN.US). Key highlights from the release are as follows.
1) Q3 guidance: net sales of $197.0bn–$202.0bn. Operating income of $22.5bn–$26.5bn.The sequential slowdown in revenue growth from Q2 to Q3 is mainly due to two factors. First, Prime Day timing: in 2026 the event lands in Q2 across most major countries, including the U.S., whereas in 2025 it fell entirely in Q3...Below is the Q2 FY26 earnings call Trans for $YUM China(YUMC.US), compiled by Dolphin Research. I. Core financial highlights recap.
1) Shareholder returns: reaffirmed the FY26 target to return $1.5bn to shareholders (approx. 10% of current mkt cap). Returned $718mn in 1H, incl. $515mn in buybacks and $203mn in quarterly cash dividends (buybacks were stepped up in Q2 given the attractive share price)...
Below is Dolphin Research's Trans of Robinhood FY26Q2 earnings call. 1) Key takeaways recap.
Capital actions and shareholder returns: in Jun, the company executed an opportunistic $2.2bn raise with a 0% coupon and no net dilution until the stock is above $300. Management views the terms as attractive to shareholders.YTD, it has repurchased 7.5mn shares for $664mn. Management stressed that 'the denominator matters too', prudently managing the share count while raising capital...
