All articles tagged with #revenue forecast
Originally Published 25 days ago — by CNBC
Micron Technology exceeded Wall Street expectations with strong Q1 earnings and revenue, driven by high demand for AI-related memory and storage solutions, leading to a significant stock increase and optimistic outlook for the upcoming quarter.
Originally Published 2 months ago — by Reuters
CoreWeave's shares dropped nearly 9% after it reduced its annual revenue forecast due to delays with a key data center partner, despite strong demand for AI services. The company's margins are under pressure from rising infrastructure costs and competition, highlighting operational risks in the AI data center industry.
Originally Published 2 months ago — by Yahoo Finance
CoreWeave's shares dropped 10% after delaying a key data center project, which led to a downward revision of its annual revenue forecast despite strong demand for AI services. The company faces margin pressures from rising infrastructure costs and competition, and has experienced operational risks in its AI data center expansion. Despite these challenges, it reported third-quarter revenue exceeding estimates, but its profit margins declined.
Originally Published 2 months ago — by Investor's Business Daily
Monday.com reported strong third-quarter earnings that beat estimates, but its revenue guidance fell short, leading to an 18% stock plunge to a two-year low amid concerns over future growth and market expectations.
Originally Published 2 months ago — by Forbes
Larry Ellison's net worth dropped by approximately $24 billion after Oracle's shares fell about 7%, despite the company's optimistic revenue growth forecasts and bullish analyst targets, with Oracle's stock decline impacting Ellison's position as the second-richest person in the world.
Originally Published 2 months ago — by Investor's Business Daily
Oracle announced ambitious long-term revenue and earnings targets, projecting 31% annual revenue growth to $225 billion by 2030 and EPS of $21, but its stock fell over 2% premarket due to concerns about capital expenditure needs and financing for AI infrastructure expansion. Despite strong outlooks and partnerships, investors remain cautious about the company's funding strategies and the impact of increased capital spending on margins.
Originally Published 2 months ago — by Barron's
Oracle's stock experienced volatility after clarifying its AI cloud server rental business's gross margin, which it states is 35% over a contract's life, contrasting with a recent report of 14%. The company raised its 2030 revenue forecast for Oracle Cloud Infrastructure from $144 billion to $166 billion, reflecting strong growth prospects, but its stock fell slightly after the announcement. Oracle also highlighted the financial impact of data-center expenses during rapid expansion and maintained optimistic long-term growth projections, driven by a large backlog including a significant contract with OpenAI.
Originally Published 2 months ago — by Barron's
Oracle clarified that its AI cloud server rental business has a 35% gross margin over the contract's lifetime, countering recent reports of a 14% margin, and raised its 2030 revenue forecast for Oracle Cloud Infrastructure from $144 billion to $166 billion, leading to a positive stock response despite some short-term fluctuations.
Originally Published 3 months ago — by Yahoo Finance
Micron Technology forecasts first-quarter revenue above estimates, driven by strong demand for AI hardware and high-bandwidth memory chips, particularly HBM, with an optimistic outlook on margins and sales, amid a competitive landscape with SK Hynix and Samsung.
Originally Published 3 months ago — by CNBC
Hyundai Motor has raised its revenue expectations for 2024 despite U.S. tariffs impacting its profit margins, and reaffirmed its growth plans to increase global sales to 5.55 million units by 2030, amid ongoing U.S.-South Korea trade tensions and a significant immigration raid at a Hyundai-LG battery plant in Georgia.
Originally Published 4 months ago — by Yahoo Finance
Salesforce forecasts lower third-quarter revenue due to clients reducing spending amid economic uncertainty, leading to a stock decline, despite announcing a $50 billion share buyback and heavy investment in AI and automation.
Originally Published 4 months ago — by Barron's
Analyst Pierre Ferragu predicts Nvidia could reach $1 trillion in annual revenue by 2030, driven by its dominant position in AI infrastructure and a projected $3-4 trillion global AI spending, with Nvidia potentially capturing over half of the relevant market.
Originally Published 4 months ago — by Yahoo Finance
Dell Technologies raised its annual revenue and profit forecasts driven by strong demand for AI-optimized servers powered by Nvidia chips, expecting $20 billion in AI server revenue for 2026 and an overall revenue of up to $109 billion, despite a slightly lower profit outlook for the third quarter. The company's infrastructure solutions saw significant growth, and a PC refresh cycle is expected to boost demand for Dell's products. Shares fell over 4% in extended trading after the profit outlook missed estimates.
Originally Published 4 months ago — by Yahoo Finance
Intuit forecasts lower-than-expected first-quarter revenue growth due to sluggish performance at Mailchimp, leading to a nearly 6% drop in shares; despite this, the company remains optimistic about its overall fiscal 2026 revenue and has approved a $3.2 billion share buyback.
Originally Published 4 months ago — by Yahoo Finance
Palo Alto Networks forecasts strong fiscal 2026 revenue and profit driven by increased demand for AI-powered cybersecurity solutions, supported by new product launches and a major acquisition, leading to a share price increase and positive quarterly results.