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Microchip Tech forecasts upbeat quarterly revenue on strong demand

Microchip Tech forecasts upbeat quarterly revenue on strong demand

(Corrects share movement in fourth bullet to up 7% from down 4%) Aug 6 (Reuters) - Microchip Technology forecast second-quarter revenue and profit above Wall Street estimates on Thursday, on strengthening demand for its chips used in AI data centers as well as the industrial, automotive and

Sandisk, Western Digital weigh on chip sector as high expectations eclipse strong earnings

Sandisk, Western Digital weigh on chip sector as high expectations eclipse strong earnings

By Purvi Agarwal and Niket Nishant Aug 6 (Reuters) - Data storage companies tumbled on Thursday after quarterly results from Sandisk and Western Digital failed to sustain momentum in an industry that has become one of Wall Street's hottest bets this year.

Duolingo's soft quarterly revenue outlook overshadows stronger user growth forecast

Duolingo's soft quarterly revenue outlook overshadows stronger user growth forecast

By Akash Sriram Aug 5 (Reuters) - Duolingo forecast third-quarter revenue below Wall Street expectations on Wednesday, tempering optimism from its stronger user growth forecast as the language-learning company prioritizes boosting engagement over near-term monetization.

Spotify forecasts profit and monthly active users below estimates, shares fall

Spotify forecasts profit and monthly active users below estimates, shares fall

Aug 4 (Reuters) - Spotify forecast third-quarter profit and monthly active users below Wall Street estimates on Tuesday, underscoring the streaming service's challenges in maintaining growth despite expanding its offerings of AI-based features to fend off competition.

Onsemi forecasts upbeat revenue on surging AI data center chip demand

Onsemi forecasts upbeat revenue on surging AI data center chip demand

Aug 3 (Reuters) - Chipmaker Onsemi on Monday forecast third-quarter revenue above Wall Street expectations, betting on surging demand for power management chips used in AI data centers.

Palantir lifts annual revenue forecast on steady demand for AI-powered data analytics

Palantir lifts annual revenue forecast on steady demand for AI-powered data analytics

By Jaspreet Singh and Juby Babu Aug 3 (Reuters) - Palantir Technologies on Monday raised its annual revenue forecast again, signaling strong government and commercial demand for its data analytics software, sending its shares up nearly 12% in extended trading.

Chime raises 2026 revenue forecast on robust demand, CFO to step down

Chime raises 2026 revenue forecast on robust demand, CFO to step down

By Manya Saini Aug 5 (Reuters) - Chime raised its full-year revenue growth forecast above Wall Street estimates on strong demand for its digital banking products, and announced the departure of longtime Chief Financial Officer Matt Newcomb.

Singapore's Grab lifts 2026 forecasts on solid delivery, ride-hailing demand

Singapore's Grab lifts 2026 forecasts on solid delivery, ride-hailing demand

Aug 4 (Reuters) - Singapore's Grab raised its annual revenue and profit forecasts on Tuesday, banking on promotions and expansion efforts to drive demand for its ride-hailing and delivery services.

Kenvue misses quarterly estimates as inflation, tariffs squeeze margins

Kenvue misses quarterly estimates as inflation, tariffs squeeze margins

Aug 6 (Reuters) - Kenvue narrowly missed Wall Street estimates for second-quarter results on Thursday as inflation, tariffs and currency-related costs squeezed margins.

Snap beats revenue estimates on ad boost from World Cup

Snap beats revenue estimates on ad boost from World Cup

Aug 3 (Reuters) - Snap beat Wall Street estimate for second-quarter revenue on Monday, thanks to increased advertising spending during the FIFA World Cup and stronger campaign activity from large advertisers in North America. The social media company's shares jumped 9% in extended trading.

AMD falls as investors demand bigger AI payoff

AMD falls as investors demand bigger AI payoff

By Rashika Singh Aug 5 (Reuters) - Advanced Micro Devices shares tumbled on Wednesday as the chipmaker's revenue forecast failed to impress investors seeking clearer signs that a multibillion-dollar AI spending boom will translate into faster growth.

Uber forecasts weak quarterly profit, doubles down on robotaxi investment plans

Uber forecasts weak quarterly profit, doubles down on robotaxi investment plans

Aug 5 (Reuters) - Uber Technologies forecast current-quarter adjusted earnings below Wall Street estimates on Wednesday, saying that foreign exchange would trim bookings growth and reaffirming plans to invest heavily in robotaxis and acquisitions.