1h ago
Broadcom posts 221% jump in AI chip revenue as shares slide after Q3 results
Broadcom reported strong third-quarter results, with EPS up 96% and revenue up 86%, including a 221% year-over-year surge in AI semiconductor revenue. Its infrastructure software business grew 30% over the same period. For the fourth quarter, management guided for $34.8 billion in revenue and $21.7 billion in AI semiconductor revenue, while targeting a 66% adjusted EBITDA margin. Despite the beat, the stock fell in after-hours trading, even as its forward P/E is described as attractive.
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1h ago
SoftBank-backed SB Energy files for IPO, flags heavy reliance on OpenAI as key risk
SoftBank’s SB Energy has filed for an IPO and is seeking to raise between $5 billion and $7 billion, with trading potentially starting in September. The company said it is “substantially dependent” on OpenAI, which is both a major tenant and an equity investor. SB Energy reported a net loss of approximately $3.2 billion in the first six months of 2026 on revenue of about $139 million, largely from its legacy energy operations.
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2h ago
Broadcom Shares Slip After Fiscal Q3 Beat as Q4 Outlook Undershoots Expectations
Broadcom reported fiscal 2025 third-quarter results with revenue of $29.59 billion, up 86% year over year, and adjusted EPS of $3.32, both ahead of expectations. The company’s next-quarter guidance came in below investors’ highly optimistic forecasts, pushing the stock down more than 3% in after-hours trading. The shares are up about 1% year to date, trailing the PHLX Semiconductor Index’s 64% gain.
2h ago
2h ago
Enbridge posts $130 million-plus Q2 2026 adjusted EBITDA growth, reaffirms full-year guidance
Enbridge reported adjusted EBITDA growth of more than $130 million year over year in the second quarter of 2026, while Mainline volumes averaged 3.1 million barrels per day and utilization remained high across its business units. Management reaffirmed its full-year outlook and said it has sanctioned close to $9 billion in new projects so far in 2026, lifting its project inventory to $50 billion. The company has a market capitalization of $153 billion and offered a dividend yield of over 5% in September 2026.
2h ago
2h ago
Savers’ 19-store Australia push draws concern from charities as $2.2 billion parent expands
U.S. thrift retailer Savers Value Village is expanding in Australia, prompting concern from local charity shops that rely on donated goods to fund community programs. Savers has opened 19 stores in the country, while its parent company SVV has a market value of $2.2 billion and a 50 per cent gross profit margin, well above the industry average. Savers said it paid its Australian nonprofit partners $5.6 million last year to address criticism. The global secondhand fashion market is projected to reach $444 billion by 2027.
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3h ago
Hewlett Packard Enterprise posts $1.54 billion fiscal Q3 profit, raises outlook
Hewlett Packard Enterprise reported fiscal third-quarter net income of $1.54 billion and adjusted earnings of $1.11 per share, topping Wall Street’s 95-cent estimate, according to a Zacks Investment Research analyst survey. Revenue was $12.21 billion, above expectations of $12.09 billion. The company raised its guidance for the fiscal fourth quarter and full year. For the quarter ending in October, it forecast earnings per share of $1.20 to $1.30 and revenue of $13.9 billion to $14.8 billion.
3h ago