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Super Micro jumps on big Q3 earnings beat, strong profit guidance

Super Micro Computer is jumping in postmarket trading thanks to a big earnings beat and the signal that this improved profitability is poised to last.

In Q3, the embattled AI server company reported:

Net sales of $10.24 billion (compared to analyst estimates of $12.45 billion and guidance for more than $12.3 billion).
Adjusted earnings per share of $0.84 (estimate: $0.63, guidance for more than $0.60).

For Q4, management anticipates net sales of $11 billion to $12.5 billion (estimate: $11.2 billion) with adjusted earnings per share of $0.65 to $0.79 (estimate: $0.57).

“Our margin recovery and the rapid growth of our data center building block solutions business demonstrate that our business remains robust,” said founder, CEO, and President Charles Liang.

In the prior quarter, the company was able to snap a long streak of disappointing sales and allayed fears of margin pressure with a report that beat on both the top and bottom lines and included better-than-expected guidance for this quarter.

However, since then the stock has been rocked by allegations that threaten to impact the company’s operations.

In March, the company’s cofounder was charged with conspiring to sell AI servers with Nvidia chips to China in violation of US export controls. The company itself was not named in this indictment.

However, Oracle was said to have canceled a contract with Super Micro in excess of $1 billion following this news, according to BlueFin Research, a move that “is believed to be related” to these charges.

Shares of the company are down 5% year to date after having been up as much as 17% in the sessions following the release of its prior earnings report.

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Alphabet gains on report that Anthropic’s committed to spending $200 billion on cloud services over the next 5 years

Shares of Google are catching a bid in postmarket trading after The Information reported that Anthropic plans to spend $200 billion on Google Cloud over the next five years, citing a person with knowledge of the situation.

That would amount to more than 40% of its $462 billion backlog as of the end of Q1, which nearly doubled from $240 billion in Q4.

The relationship between the two companies has been deepening in recent weeks, with Google reportedly planning to invest up to $40 billion in Anthropic, but this reports puts a firm price tag on how much the AI chatbot developer will be paying out to the hyperscaler.

Last year, when it was revealed that Oracle’s remaining performance obligations were dominated by OpenAI, the stock gave back some of its massive advance. Counterparty and concentration risk has been an overhang on the cloud giant ever since.

That’s a stark contrast to how traders are behaving today. It’s a sign of how Alphabet is seemingly on much more secure financial footing than Oracle (even after today’s debt offerings!), and also, probably, implies that Anthropic is a more reliable customer than OpenAI. In addition, as The Information noted, Google has more ways to make money off its relationship with Anthropic than Oracle does with OpenAI.

Anthropic has been a victim of its own success: the popularity of Claude Code and Cowork have revealed compute constraints and left users frustrated by caps. In response, the Claude developer has embarked upon a mad scramble for compute, striking or expanding deals with CoreWeave, Amazon, Google, and Broadcom.

OpenAI, on the other hand, is now billing the billions it’s burned on securing compute as a competitive advantage.

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Matt Phillips54m

Tempus AI drops after reporting better-than-expected Q1 results

Cancer diagnostics company and retail shareholder favorite Tempus AI reported better-than-expected Q1 adjusted EBITDA, earnings, and sales numbers late Tuesday, but the stock still slumped in the after-hours session.

The company reported:

Q1 revenue of $348.1 million vs. FactSet’s expectation of $345.4 million.
An adjusted loss per share of $0.13 vs. the $0.20 loss per share estimated.
Adjusted EBITDA of -$2.83 million vs. expectations for -$4.95 million, per FactSet.

Since going public nearly two years ago, Tempus has been a volatile stock that has both doubled — and cratered — on multiple occasions. That spectacle has at times captured the attention of retail traders who’ve tried to ride the waves.

The surf has been bad lately, with the shares down about 8% so far this year, and down roughly 50% from its record high on October 8, 2025.

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Advanced Micro Devices gains as CPU and GPU demand drive better-than-expected Q2 sales guidance

Advanced Micro Devices is powering higher in postmarket trading after reporting Q1 results that exceeded expectations across the board along with Q2 sales guidance higher than what Wall Street had penciled in.

In Q1, the Lisa Su-run company reported:

Revenue of $10.2 billion (compared to analyst estimates of $9.9 billion and guidance for $9.5 billion to $10.1 billion).
Adjusted earnings per share of $1.37 (estimate: $1.28).

For Q2, management projected sales in a range of $10.9 billion to $11.5 billion (estimate: $10.5 billion) with an adjusted gross margin of about 56% (estimate: 55.3%).

Customer engagement for AMD’s AI chips and racks is “strengthening,” according to CEO and Chair Lisa Su, with “leading customer forecasts exceeding our initial expectations and a growing pipeline of large-scale deployments providing us with increasing visibility into our growth trajectory.”

The chip giant is not just the No. 2 in GPUs but also CPUs, which appear to be in shortage thanks to compute demands of AI agents.

AMD was up 80% from March 30 through Tuesday’s close, and its 250% gain over the past year has left Nvidia and Broadcom’s 70% and 110% rallies, respectively, in the dust.

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Match Group earnings beat Wall Street's expectations

Tinder is so back.

Match Group rose more than 4% in post-market trading Tuesday after reporting Q1 earnings that beat Wall Street's expectations. The dating-app conglomerate reported:

Revenue of $864 million (compared to analyst estimates of $854.8 million, guidance for $850 to $860 million).
Adjusted EBITDA of $343 million (estimate: $317.3 million, guidance for $315 to $320 million).
Adjusted EPS of $0.68 (estimate: $0.61).
Number of current paying users = 13.5 million (estimate: 13.6 million).

The company has been seeking to diversify its user base. “Winning women is critical to us,” Rascoff told the Financial Times, speaking about the app Tinder in April. “[Achieving] gender parity is very challenging, but we absolutely need to do a better job of driving outcomes for women."

Though Match doesn't disclose gender breakdowns, market intelligence platform Sensor Tower estimates that 75% of Tinder’s users are men.

Match also sees queer men as part of this effort to grow its user base. In April, the dating app company invested 100 million in Sniffies, a competitor to Grindr.

In its press release on Tuesday, the company noted a turnaround with Gen Z on Tinder — the dating app that makes up the bulk of its revenue — "which is a clear signal that Tinder's ecosystem is strengthening."

With Tinder's revenue up 2% year-over-year, the company can breathe a sigh of relief as they won't have to lean as heavily on high-growth Hinge (up 28% year-over-year).

For Q2 2026, Match Group expects total revenue of $850 to $860 million, in line with analyst estimates of $856 million.

Meanwhile, the company’s competitor, Bumble, reported a 14% decrease in revenue year-over-year and 21% decrease in paying users in the first quarter on Tuesday.

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Max Knoblauch1h

Lucid reports worse-than-expected Q1 loss, revenue

Luxury EVmaker Lucid reported its first-quarter earnings after markets closed on Tuesday. Its shares fell more than 2% after hours, following a 6.5% drop at close.

For Q1, Lucid reported:

An adjusted loss of $2.82 per share, compared to the $2.53 loss per share expected by Wall Street analysts polled by FactSet.
$282.5 million in revenue, versus the $358.5 million consensus.

Last month, Lucid announced that it produced 5,500 vehicles in Q1 and reaffirmed its full-year production guidance of between 25,000 to 27000 vehicles.

The company also highlighted its upcoming midsize SUV, with “expected pricing starting under $50,000.” The vehicle is expected to launch before the end of the year and compete with Rivian’s R2 and Tesla’s Model Y.

Q1 marks the first earnings report for new CEO Silvio Napoli, who took over for interim CEO Marc Winterhoff (who’d led the company for more than a year following Peter Rawlinson’s exit). Lucid recently announced an expansion of its robotaxi partnership with Uber, which is now its second-largest shareholder after Saudi Arabia’s PIF sovereign wealth fund.

Lucid shares have had a long stretch of poor performance amid various dilutive events and a broader contraction across the EV industry. The stock is down about 80% from a recent high in July 2025 and down about 40% year-to-date. As of Tuesday afternoon, the company’s roughly $2.1 billion market cap is less than a quarter of the approximately $9.5 billion that Saudi Arabia’s PIF has sunk into it.

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