Both revenue and profit turned negative, missing the Street's expectations. The core drag was the broad, sharp repricing of non-standard products at the start of the year.
+9China Mobile (600941.SH/00941.HK) released its Q2 2026 results after the HK market close on Aug 13 (Beijing time), covering the period ended Jun 2026.
Key takeaways: 1) Ops. metrics: $CHINA MOBILE(00941.HK) reported Q2 revenue of RMB 271.6bn (-3% YoY), mainly dragged by weaker telecom services.The decline in telecom services was driven by a VAT hike (6%→9%) and lower ARPU values ...
+11The ride-hailing leader $DiDi(DIDIY.US) released its 2Q26 results on the evening of Aug 13.
Overall, the print was solid, with both GTV and adj. profit beating Bloomberg consensus.Trend-wise, domestic growth remained steady with a slight deceleration, and margins were broadly stable. The highlight was the overseas biz, which continued to accelerate while absolute losses showed signs of peaking.In other words, the company may be entering the fast lane to break-even. Specifically: 1) the domestic biz is increasingly mature, with domestic GTV at RMB 90.4bn (+9.5% YoY)...Applied Materials (AMAT) reported its FY26 Q3 results post-market on Aug 14, 2026 Beijing time, covering the quarter ended Jul 2026. Key takeaways follow: 1) Core metrics:
Revenue was $9.12bn (+25% YoY), slightly above the Street’s $9.02bn. Growth was fueled by the build-out of AI compute infrastructure, which boosted demand for advanced logic, DRAM, and advanced packaging equipment.
GPM was 50.3%. It improved by 40bps QoQ...
Perhaps the most 'established' e-com platform domestically — $JD.com(JD.US) — reported Q2 2026 results on the evening of Aug 13. Overall, the print was steady if unspectacular.
On expectations, revenue and total profit slightly beat Bloomberg consensus. Versus some major brokers, results were in line to a touch below.
With domestic consumption weakening in Q2, topline turned negative YoY. Given already soft retail sales, this was well telegraphed and not a surprise.
Profit at the Mall segment declined YoY. Recall that last year profits were largely wiped out by the food-delivery price war...
SMIC (0981.HK/688981.SH) released its Q2 2026 results (to Jun 2026) after the HK close on Aug 13 (Beijing time). Key takeaways: 1) Revenue: $SMIC(00981.HK) reported revenue of $3.01bn, beating the Street at $2.87bn.
Revenue rose 20% QoQ, topping company guidance (+14–16% QoQ). Growth was driven by industrial & auto, and by PC & tablet demand, with a volume/price breakdown to follow...
$TENCENT(00700.HK) Q2 print was broadly lukewarm. Line items were largely around consensus, and the picture aligns with market concerns: AI investment is already weighing on near-term profit and cash flow.
To offset bottom-line pressure, as a long-standing internet leader Tencent still has room to pull top-line monetization levers, most visibly in ads. That said, profit pressure in H2 is likely to remain elevated.Specifically: (1) capex rose sharply as expected, and the FY outlook will likely be revised up. Management had already signaled this last quarter...AI cloud unicorn $Coreweave(CRWV.US) reported Q2 2026 results after the U.S. close on Aug 12, sending the stock up ~15%. From an expectations gap angle, the quarter was not particularly standout.
The key positive is that growth continues to accelerate in business activity and revenue, while margins show signs of bottoming and rebounding. Delivery of compute capacity, which had been delayed multiple times, also ramped sharply this quarter. As for guidance, the outlook for next quarter and the full year was not meaningfully above the Street...
Often called Southeast Asia's 'mini Tencent' $Sea(SE.US) reported Q2 FY26 on Aug 11. Growth across its three segments was strong and ahead of expectations, and the key e-commerce unit saw margins continue to expand.
However, the company remains in a heavy investment phase. Overall profit growth was just over 10%, implying revenue outpaced profit.1) Overall — revenue outpaced profit: total revenue was approx. $7.8 bn (+48% YoY), accelerating vs. last quarter. This was well above Bloomberg's ~35% estimate...Many readers asked Dolphin Research to update its take on the Q2 results of the US retail broker $Robinhood(HOOD.US). I went through the numbers and have a few key points. First, the $25k equity requirement for day trading was lifted on Jun 4.
Second, within the Trump account program, Robinhood provides the white-label front-end app and customer support. These two developments reminded the market of the benefits of having the Trump admin.'s backing...
