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SAP Q1 Beats Estimates on Cloud Strength, Maintains Annual Guidance
SAP beat Q1 estimates with cloud revenue up 27% in constant currencies. Operating profit rose 17% to €2.74B. The company reaffirmed its 2026 targets and full-year guidance.
MaxLinear Soars 23% on AI Optical Demand, Q2 Revenue Guidance Tops Estimates
MaxLinear reported Q1 revenue of $137.2M, up 43% YoY, and issued Q2 guidance of $160M-$170M, far above analysts' $137.1M estimate, fueled by AI data-center demand for optical chips.
Comfort Systems USA Profit Surges on Data Center Boom, Shares Rally
Comfort Systems USA Q1 profit more than doubled to $370.4M, revenue surged 56.5% to $2.87B on data center demand. Backlog hit $12.45B, shares rose 3%.
AmEx Q1 Earnings Beat, But Flat Guidance and Travel Spending Concerns Weigh on Stock
American Express beat Q1 earnings estimates with EPS of $4.28, but shares dropped as the company kept its full-year outlook unchanged and noted pressure on travel spending.
Applied Digital Shares Surge on $7.5B AI Data Center Lease Deal
Applied Digital shares rose 12% after a $7.5B, 15-year lease with a U.S. hyperscaler for 300 MW at its Delta Forge 1 data center in Louisiana, lifting total contracted lease revenue above $23 billion.
Expedia Shares Tumble on CFO Transition Ahead of Earnings
Expedia Group names former Snap CFO Derek Andersen as its next finance chief, effective May 11. Shares fall 5.4% as investors digest the leadership change ahead of earnings.
SolarEdge Surges 11% on New Battery Launch, But Wall Street Remains Wary
SolarEdge shares surged 11% to $47.36 on Thursday after launching a 197 kWh commercial battery system. Despite 2025 revenue rising 31%, the company posted a net loss of $405.4 million and analysts remain bearish with a $29.90 target.
Tempus AI Stock Drops on USC Partnership as Cancer Data Strategy Faces Scrutiny
Tempus AI shares fell 7.3% after announcing a partnership with USC to deploy its molecular testing and AI tools across the health system, covering over 1.5 million annual patient visits.
Skillz Stock Skyrockets After $420M False Advertising Win Over Papaya Gaming
Skillz stock soared 187% after a jury ordered Papaya Gaming to pay $420 million for false advertising, with the possibility of an additional $652 million in disgorgement.
Lucid Shares Slide 9.6% as Uber Stake Fails to Calm Funding Fears
Lucid Group shares dropped 9.6% after Uber disclosed an 11.52% stake, as a $1.05 billion capital raise and partnership news failed to ease investor worries about liquidity and production.
Palantir Secures $300M USDA Contract Ahead of Q1 Earnings
Palantir Technologies secured a $300 million software agreement with the USDA, boosting its non-defense government portfolio ahead of its May 4 earnings report.