Expedia (EXPE) delivered stronger-than-expected second-quarter results, raised its full-year outlook, and highlighted continued momentum in B2B travel, AI-powered personalization, and operating margin expansion despite ongoing pressure in parts of Europe.
Etsy (ETSY) paired stronger marketplace growth and a higher full-year outlook with a 12% workforce reduction and organizational restructuring, highlighting management's effort to accelerate execution while continuing to invest in long-term growth.
DoorDash (DASH) delivered another quarter of strong revenue, order, and profitability growth as expanding grocery, international operations, subscriptions, and AI-powered initiatives reinforced confidence in its long-term local commerce strategy.
eBay (EBAY) reported stronger-than-expected second-quarter results, raised its full-year outlook, and completed its $1.4 billion acquisition of Depop, highlighting accelerating marketplace growth despite near-term integration costs.
Sandisk (NASDAQ:SNDK) delivered stronger-than-expected quarterly results as AI-driven data center demand fueled record revenue and margins. However, slightly softer guidance than investors anticipated triggered a sharp selloff after the stock's massive rally.
Zillow Group (NASDAQ:Z, ZG) exceeded second-quarter revenue and adjusted earnings expectations, but weaker near-term guidance and a strategic revenue transition overshadowed results, sending shares sharply lower as investors focused on slowing reported growth
Datadog (DDOG) exceeded second-quarter expectations and raised full-year guidance, but shares fell sharply as investors took profits after a massive rally and looked for even stronger growth acceleration.
Western Digital (WDC) delivered better-than-expected quarterly results and solid guidance, but shares tumbled as investors focused on slower margin expansion, AI storage expectations, and a high valuation following a sharp rally.
Wynn Resorts (WYNN) reported stronger second-quarter results as solid demand in Las Vegas, Boston, and Macau supported revenue and profitability, while management reaffirmed confidence in long-term growth despite higher costs for its UAE resort project.
Booking Holdings (BKNG) exceeded second-quarter expectations as resilient domestic and regional travel fueled bookings, revenue, and profitability, while management maintained a cautious outlook due to ongoing geopolitical disruptions affecting long-haul travel.
SpaceX (SPCX) delivered stronger-than-expected revenue and earnings in its first quarterly report as a public company, but investors focused on the company's aggressive AI infrastructure spending, sending shares lower despite rapid growth across its businesses.
Advanced Micro Devices delivered record second-quarter revenue and more than doubled data center sales, but investors focused on the company's next growth phase, AI platform rollout, and competitive positioning despite guidance that topped Wall Street expectations.
Earnings
Shopify (SHOP) exceeded Wall Street expectations in the second quarter as revenue and gross merchandise volume accelerated. Strong operating leverage, rising free cash flow, and an upbeat outlook reinforced confidence in the company's growth trajectory.
Earnings
Walt Disney (DIS) delivered stronger-than-expected fiscal third-quarter earnings as record theme park revenue, improving streaming profitability, and blockbuster entertainment results lifted operating income despite revenue coming in slightly below Wall Street expectations.
Earnings
Wix.com (WIX) reported 15% revenue growth and stronger-than-expected second-quarter results as demand for Base44 accelerated. Shares rose as Wix projected a sharp improvement in the AI platform’s margins while maintaining its full-year outlook.
Earnings
Palantir (NYSE:PLTR) surged after second-quarter results topped expectations, driven by rapid U.S. commercial AI adoption, expanding government demand, stronger profitability, and higher full-year guidance.
Earnings
Spotify reached 300 million Premium subscribers and posted record gross margins in the second quarter, but earnings and parts of its third-quarter outlook fell short of expectations, leading investors to focus on higher spending and softer guidance.
Earnings
Wayfair (NYSE:W) exceeded second-quarter expectations as stronger U.S. demand, improving profitability and accelerating customer growth highlighted continued market share gains despite a challenging home furnishings market.
Earnings
Caterpillar delivered its first quarter with more than $20 billion in sales as demand strengthened across construction, mining and power generation. AI data centers helped lift generator and turbine demand, while higher volumes, pricing and operating leverage expanded profitability.
Earnings
Exxon Mobil, Chevron, Shell, and TotalEnergies delivered strong quarterly results as higher oil prices, tight refining markets, and geopolitical supply disruptions supported earnings, while investors weighed political scrutiny and the sustainability of current market conditions.
Earnings
Marriott delivered stronger-than-expected earnings and raised its RevPAR outlook, but a revenue miss, softer second-half guidance, and continued Middle East weakness sent shares lower as investors looked beyond the quarterly beat.
Business Trends
Reports that AstraZeneca and Bristol Myers Squibb have discussed a nearly $400 billion merger sent AstraZeneca shares sharply lower as investors questioned the strategic rationale, regulatory hurdles, and potential impact on future drug development.
Macro
Real estate markets are splitting into two distinct stories. AI infrastructure is driving record demand for data centers and helping REITs outperform, while housing affordability, higher borrowing costs, and new investment initiatives are reshaping residential and commercial real estate.
Macro
A rare joint intervention by the U.S. and Japan lifted the yen from multi-decade lows and highlighted concerns about currency volatility, bond markets, and financial stability. While the move strengthened the yen, analysts say lasting support still depends on Bank of Japan policy.