2h ago
Twist Bioscience raises fiscal 2026 outlook as AI drug discovery pipeline expands
Twist Bioscience (NASDAQ:TWST) reported fiscal 2026 third-quarter revenue of $118.376 million, up 23% year over year and above both consensus estimates and management’s prior guidance. DNA Synthesis and Protein Solutions revenue rose 39% to $56.6 million, while NGS Applications revenue increased 12% to $61.8 million. The company lifted its fiscal 2026 sales guidance and said it expects triple-digit percentage order growth for AI-enabled drug discovery in fiscal 2027 compared with fiscal 2026.
2h ago
2h ago
SoFi shares jump after Q2 2024 beat and raised 2026 revenue outlook to $4.85 billion
SoFi Technologies reported Q2 2024 results with adjusted EPS of 12 cents and revenue of $1.206 billion, both ahead of expectations. The company raised its full-year 2026 revenue guidance to $4.85 billion from $4.75 billion and reiterated a full-year adjusted EPS target of 60 cents. Adjusted net revenue came in at $1.2 billion, up 40% year over year, while net income was $157 million. SoFi added 1.1 million net new members to reach 15.8 million, and total products rose 42% to 24.4 million, underscoring momentum in its fintech platform growth.
2h ago
2h ago
SpaceX avoids potential 456 million-share unlock as $175.50 threshold goes unmet ahead of earnings
A little-known clause in SpaceX’s IPO lockup agreement could have released up to 456 million additional nonaffiliate shares if the stock met a pre-earnings performance threshold. The trigger required shares to close at or above $175.50 on at least five of the 10 trading days before the first earnings release, a level tied to a 30% premium over the $135 IPO price. With the stock trading around $107—about 39% below the threshold—the condition has not been met. The situation concerns a potential IPO lockup release and does not involve listed traditional assets.
2h ago
3h ago
T1 Energy to supply Clearway with 641 MW of U.S.-made solar modules from G2_Austin facility
T1 Energy said it has signed a strategic agreement to supply Clearway Energy Group with 641 megawatts of solar modules made using domestic solar cells from its G2_Austin facility. The company said the deal supports its effort to build a traceable U.S. solar supply chain as demand for domestically produced components rises amid trade and tariff uncertainty. T1 also said it expects the first phase of its 2.1 gigawatt solar cell production to start operating in the first quarter of 2027 and plans to offer modules with more than 60% domestic content that year.
3h ago
3h ago
T3 Defense shares jump more than 70% on Monday after short seller report flags losses and liquidity risk
T3 Defense (NASDAQ: DFNS) shares surged more than 70% on Monday even as its fiscal 2026 first-quarter results showed $3.6 million in revenue and a net loss of $26.3 million. Gross profit was about $371,000 versus more than $4 million in operating expenses, while cash, cash equivalents and restricted cash totaled $7.6 million at quarter-end against $4.9 million in quarterly operating cash burn, implying roughly 4.7 months of runway. The company also reported that Rimon posted $2.6 million in monthly revenue in July 2026, an all-time high. The sharp move followed a bearish report by short seller Fugazi Research that questioned the sustainability of the business.
3h ago
4h ago
Bloom Energy shares fall 3.45% after upbeat Q2 results as report raises efficiency concerns
Bloom Energy posted better-than-expected 2024 second-quarter results, with revenue and adjusted EPS both well ahead of consensus estimates, and it raised its full-year 2026 revenue and EPS guidance. A separate independent assessment report in New York said 37 deployed metered systems commonly failed to meet efficiency targets, with a median time of 20 months before dropping below a benchmark and Bloom’s 95% rated output target missed almost universally across evaluated regions. The operational concerns prompted a reassessment of the company’s ability to deliver on its technology claims, pressuring the stock on the day.
4h ago
4h ago
AMC shares jump after record weekend revenue driven by “Spider-Man: Brand New Day” opening
AMC Theatres drew more than 10.2 million moviegoers in the U.S., with ODEON Cinemas adding international attendance from Wednesday through Sunday, as the company posted record single-weekend total revenue and a weekend peak for food-and-beverage sales. The results were fueled by the debut of “Spider-Man: Brand New Day,” which opened to a media-reported $355 million domestically and $927 million globally. AMC shares were at $2.96 on Monday and traded well above the 20-day and 200-day simple moving averages. The move was described as a short-term, performance-driven catalyst for the stock.
4h ago