Triple Flag Completes Acquisition of Orogen Royalties and its 1.0% NSR Royalty on the Arthur Gold Project in Nevada
As part of the Transaction, Triple Flag acquired Orogen's 1.0% net smelter returns ('NSR') royalty on the Arthur gold project (formerly the Expanded Silicon gold project) in Nevada being developed by AngloGold Ashanti plc. Pursuant to the Transaction, Orogen shareholders had the right to elect to receive either C$1.63 in cash or 0.05355 of a Triple Flag share for each Orogen share, and also received 0.25 shares in a newly created company ('Orogen Spinco') for each Orogen share. The shareholder election was subject to pro-ration such that the cash and share portions of the consideration paid by Triple Flag each represented 50% of the total consideration, excluding the value of Orogen Spinco. Based on the elections made, Triple Flag paid in aggregate C$171.5 million in cash and issued 5,633,629 Triple Flag common shares to Orogen shareholders.
Orogen Spinco was transferred all of Orogen's assets and liabilities other than the 1.0% NSR royalty on the Arthur gold project. In conjunction with the completion of the Transaction, Triple Flag invested C$10 million to acquire 6,756,757 common shares in the capital of Orogen Spinco at a price of C$1.48 per share, representing an approximate 11% equity interest in Orogen Spinco.
Sheldon Vanderkooy, CEO of Triple Flag, commented:
'We are pleased to announce the completion of this friendly transaction with Orogen. The addition of a 1.0% NSR royalty on the Arthur gold project meaningfully enhances our portfolio with a high-quality gold asset located in a premier jurisdiction. Operated by a top-tier producer in AngloGold Ashanti plc, the project offers exceptional long-term growth potential, underpinned by a rapidly expanding resource base and significant exploration upside.'
"We are also excited to support Orogen Spinco through our C$10 million investment," Vanderkooy added. 'This investment gives us exposure to a compelling portfolio of early-stage royalties and partners us with a proven management team with a track record of discovering district-scale assets from disciplined grassroots exploration.'
An early warning report will be filed by the Company in accordance with applicable Canadian securities laws and may be obtained using the contact information below or from the SEDAR+ profile of the Company at www.sedarplus.com.
About Triple Flag Precious Metals
Triple Flag is a precious metals streaming and royalty company. We offer investors exposure to gold and silver from a total of 237 assets, consisting of 17 streams and 220 royalties, primarily from the Americas and Australia. These streams and royalties are tied to mining assets at various stages of the mine life cycle, including 30 producing mines and 207 development and exploration stage projects. Triple Flag is listed on the Toronto Stock Exchange and New York Stock Exchange, under the ticker 'TFPM'.
As of July 9, 2025, Triple Flag had 206,495,362 basic shares outstanding.
Forward-Looking Information
This news release contains 'forward-looking information' within the meaning of applicable Canadian securities laws and 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995, respectively (collectively referred to herein as 'forward-looking information'). Forward-looking information may be identified by the use of forward-looking terminology such as 'plans', 'targets', 'expects', 'is expected', 'budget', 'scheduled', 'estimates', 'outlook', 'forecasts', 'projection', 'prospects', 'strategy', 'intends', 'anticipates', 'believes' or variations of such words and phrases or terminology which states that certain actions, events or results 'may', 'could', 'would', 'might', 'will', 'will be taken', 'occur' or 'be achieved'. Forward-looking information in this news release include, but are not limited to, statements with respect to the occurrence, timing and intended benefits of the C$10 million investment in Orogen Spinco, including the upside potential of Orogen Spinco; the long-term growth potential, exploration upside and possible expansion of the resources base at the Arthur gold project. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances, including information in this news release regarding the Transaction and the anticipated benefits therefrom, contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding possible future events or circumstances.
The forward-looking information included in this news release is based on our opinions, estimates and assumptions in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we currently believe are appropriate and reasonable in the circumstances. The forward-looking information contained in this news release is also based upon a number of assumptions, including the ongoing operation of the properties in which we hold a stream or royalty interest by the owners or operators of such properties in a manner consistent with past practice; the accuracy of public statements and disclosures made by the owners or operators of such underlying properties; and the accuracy of publicly disclosed expectations for the development of underlying properties that are not yet in production. These assumptions include, but are not limited to, the following: assumptions in respect of current and future market conditions and the execution of our business strategies; that operations, or ramp-up where applicable, at properties in which we hold a royalty, stream or other interest continue without further interruption through the period; and the absence of any other factors that could cause actions, events or results to differ from those anticipated, estimated, intended or implied. Despite a careful process to prepare and review the forward-looking information, there can be no assurance that the underlying opinions, estimates and assumptions will prove to be correct. Forward-looking information is also subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but are not limited to, those set forth under the caption 'Risk and Risk Management' in our management's discussion and analysis in respect of the fourth quarter and full year of 2024 and the caption 'Risk Factors' in our most recently filed annual information form, each of which is available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. In addition, we note that mineral resources that are not mineral reserves do not have demonstrated economic viability and inferred resources are considered too geologically speculative for the application of economic considerations.
Although we have attempted to identify important risk factors that could cause actual results or future events to differ materially from those contained in the forward-looking information, there may be other risk factors not presently known to us or that we presently believe are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this news release represents our expectations as of the date of this news release and is subject to change after such date. We disclaim any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All of the forward-looking information contained in this news release is expressly qualified by the foregoing cautionary statements.
Cautionary Statement to U.S. Investors
Information contained or referenced in this press release or in the documents referenced herein concerning the properties, technical information and operations of Triple Flag has been prepared in accordance with requirements and standards under Canadian securities laws, which differ from the requirements of the U.S. Securities and Exchange Commission ('SEC') under subpart 1300 of Regulation S-K ('S-K 1300'). Because the Company is eligible for the Multijurisdictional Disclosure System adopted by the SEC and Canadian Securities Administrators, Triple Flag is not required to present disclosure regarding its mineral properties in compliance with S-K 1300. Accordingly, certain information contained in this press release may not be comparable to similar information made public by U.S. companies subject to reporting and disclosure requirements of the SEC.
Technical and Third-Party Information
Triple Flag does not own, develop or mine the underlying properties on which it holds stream or royalty interests. As a royalty or stream holder, Triple Flag has limited, if any, access to properties included in its asset portfolio. As a result, Triple Flag is dependent on the owners or operators of the properties and their qualified persons to provide information to Triple Flag and on publicly available information to prepare disclosure pertaining to properties and operations on the properties on which Triple Flag holds stream, royalty or other similar interests. Triple Flag generally has limited or no ability to independently verify such information. Although Triple Flag does not believe that such information is inaccurate or incomplete in any material respect, there can be no assurance that such third-party information is complete or accurate.
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The Company reports certain non-GAAP measures which include cash costs per AgEq ounce produced, cash costs per Au ounce produced, AISC per AgEq ounce produced, all-in sustaining cost per Au ounce produced, total production cost per tonne, average realized silver price per AgEq ounce sold, average realized Au price per ounce sold, working capital, adjusted EPS, EBITDA, adjusted EBITDA, and free cash flow. These measures are widely used in the mining industry as a benchmark for performance, but do not have a standardized meaning under the Company's financial reporting framework and the methods used by the Company to calculate such measures may differ from methods used by other companies with similar descriptions. See "Non-GAAP Measures" at the end of this news release for further details of these measures. 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Second Quarter Production Summary Los Gatos(1) Santa Elena San Dimas La Encantada Consolidated Ore Processed / Tonnes Milled 233,480 269,830 219,198 281,296 1,003,804 Silver Ounces Produced 1,524,949 306,224 1,242,717 628,105 3,701,995 Gold Ounces Produced 706 20,637 12,472 49 33,865 Silver Equivalent Ounces Produced(2) 2,436,722(3) 2,318,618 2,464,029 632,942 7,852,311 Cash Costs per Silver Equivalent Ounce $12.44 $13.57 $15.66 $27.19 $15.08 AISC per Silver Equivalent Ounce $13.70 $18.58 $20.10 $31.94 $21.02 Total Production Cost per Tonne $91.65 $107.02 $173.88 $58.53 $104.45 All production and non-GAAP results shown in the table above are reported on an attributable basis to account for the Company's 70% ownership of the Los Gatos Silver Mine through its joint venture ownership of the mine. The metal prices that were used to calculate the silver equivalent ounces were, silver: $33.46/oz, gold: $3,270.57/oz, lead: $0.88/lb., zinc: $1.20/lb. Attributable silver equivalent ounces for Los Gatos includes 16,063,947 lbs. zinc and 9,014,545 lbs. lead (70%). The Company produced 7.9 million attributable AgEq ounces in Q2 2025 representing a 48% increase compared to 5.3 million AgEq ounces produced in Q2 2024. Furthermore, the Company reported strong quarterly silver production of 3.7 million silver ounces representing a 76% increase compared to 2.1 million silver ounces produced in Q2 2024. Total silver production in the quarter included 1.5 million ounces of attributable silver production from Los Gatos as well as a 9% increase at San Dimas compared to Q2 2024 primarily due to operational improvements. Consolidated cash cost per attributable payable AgEq ounce for the quarter was $15.08, representing a slight improvement when compared with $15.29 per ounce in the second quarter of 2024. The decrease in cash costs per AgEq ounce was primarily due to a 48% increase in AgEq ounces produced, driven by the attributable production increase of 2.4 million AgEq ounces from Los Gatos, along with a 17% increase in AgEq production at San Dimas as a result of operational efficiencies and increased plant throughput rates. The decrease was partially offset by higher contractor and energy costs at San Dimas that helped improve and support production, as well as higher maintenance costs as a result of weather-related power outages at San Dimas, La Encantada and Los Gatos in late June. AISC per attributable payable AgEq ounce in the second quarter of 2025 was $21.02, representing a 3% decrease compared to $21.64 per ounce in the second quarter of 2024. This was primarily attributable to the decrease in cash costs, partially offset by an increase in profit sharing per AgEq ounce relating to the prior year, which was paid in the quarter. Q2 2025 DIVIDEND ANNOUNCEMENT The Company is pleased to announce that its Board of Directors has declared a cash dividend in the amount of $0.0048 per common share for the second quarter of 2025. The dividend will be paid to holders of record of First Majestic's common shares as of the close of business on August 29, 2025, and will be paid out on or about September 15, 2025. Under the Company's dividend policy, the quarterly dividend per common share is targeted to equal approximately 1% of the Company's net quarterly revenues divided by the Company's then outstanding common shares. Note: In the case of net revenues generated from the Los Gatos Silver Mine (the Company holds a 70% interest in the Los Gatos Joint Venture that owns and operates the mine), 70% of the net revenue from such mine, being the revenue that is attributable to the Company, is used for the purposes of the Company's quarterly dividend calculation. The amount and distribution dates of future dividends remain at the discretion of the Board of Directors. This dividend qualifies as an "eligible dividend" for Canadian income tax purposes. Dividends paid to shareholders outside Canada (non-resident investors) may be subject to Canadian non-resident withholding taxes. CONFERENCE CALL DETAILS The Company will host a conference call and webcast on Thursday, August 14, 2025, at 8:30 a.m. (PT) / 11:30 a.m. (ET) to provide investors and analysts with a business update, and to discuss its second quarter production and earnings results and updated 2025 guidance. To participate in the conference call, please use the following dial-in numbers: Canada & USA Toll-Free: +1-833-752-3407 Outside of Canada & USA: +1-647-846-2866 Toll-Free Germany: +49-69-1741-5718 Toll-Free UK: +44-20-3795-9972 Participants should dial-in at least 15 minutes prior to the start of the call to ensure placement in the conference on time. The live webcast link of the call will be accessible directly at this link, Q2 2025 Results Conference Call, as well as on the First Majestic home page at through the "August 14, 2025 Webcast Link". A webcast archive will be available approximately one hour after the end of the event and will be accessible for three months through the same link as the live event. A recording of the conference call will be available for telephone replay approximately one hour after the end of the event by calling: USA & Canada Toll-Free: +1-855-669-9658 Outside of Canada & US: +1-412-317-88 Access Code: 1902689 The telephone replay will be available for seven days following the end of the event. ABOUT FIRST MAJESTIC First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates four producing underground mines in Mexico: the Los Gatos Silver Mine (the Company holds a 70% interest in the Los Gatos Joint Venture that owns and operates the mine), the Santa Elena Silver/Gold Mine, the San Dimas Silver/Gold Mine, and the La Encantada Silver Mine, as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, U.S.A. First Majestic is proud to own and operate its own minting facility, First Mint, LLC, and to offer a portion of its silver production for sale to the public. Bars, ingots, coins and medallions are available for purchase online at at some of the lowest premiums available. For further information, contact info@ visit our website at or call our toll free number 1.866.529.2807. FIRST MAJESTIC SILVER CORP. "signed" Keith Neumeyer, President & CEO Non-GAAP Financial Measures This news release includes reference to certain financial measures which are not standardized measures under the Company's financial reporting framework. These measures include cash costs per silver equivalent ounce produced, all-in sustaining cost (or "AISC") per silver equivalent ounce produced, cash costs per gold ounce produced, AISC per gold ounce produced, total production cost per tonne, average realized silver price per ounce sold, average realized gold price per ounce sold, working capital, adjusted net earnings and EPS, EBITDA, adjusted EBITDA, and free cash flow. The Company believes that these measures, together with measures determined in accordance with IFRS, provide investors with an improved ability to evaluate the underlying performance of the Company. These measures are widely used in the mining industry as a benchmark for performance but do not have any standardized meaning prescribed under IFRS, and therefore they may not be comparable to similar measures disclosed by other companies. The data is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. For a complete description of how the Company calculates such measures and a reconciliation of certain measures to GAAP terms please see "Non-GAAP Measures" in the Company's most recent management discussion and analysis filed on SEDAR+ at and EDGAR at Cautionary Note Regarding Forward-Looking Statements This news release contains "forward-looking information" and "forward-looking statements" under applicable Canadian and U.S. securities laws (collectively, "forward-looking statements"). These statements relate to future events or the Company's future performance, business prospects or opportunities that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management made in light of management's experience and perception of historical trends, current conditions and expected future developments. Forward-looking statements in this news release include, but are not limited to, statements with respect to: the timing for the Company's dividend payment for the second quarter of 2025 and the shareholder record and payable dates in connection with such dividend payment; and anticipated future results. Assumptions may prove to be incorrect and actual results may differ materially from those anticipated. As such, investors are cautioned not to place undue reliance upon forward-looking statements as there can be no assurance that the plans, assumptions or expectations upon which they are placed will occur. All statements other than statements of historical fact may be forward-looking statements. Statements concerning proven and probable mineral reserves and mineral resource estimates may also be deemed to constitute forward- looking statements to the extent that they involve estimates of the mineralization that will be encountered as and if the property is developed, and in the case of measured and indicated mineral resources or proven and probable mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "forecast", "potential", "target", "intend", "could", "might", "should", "believe" and similar expressions) are not statements of historical fact and may be "forward-looking statements". Actual results may vary from forward-looking statements. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to materially differ from those expressed or implied by such forward-looking statements, including but not limited to: the duration and effects of the coronavirus and COVID-19, and any other pandemics on our operations and workforce, and the effects on global economies and society; general economic conditions including inflation risks; actual results of exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; commodity prices; variations in ore reserves, grade or recovery rates; actual performance of plant, equipment or processes relative to specifications and expectations; accidents; labour relations; relations with local communities; changes in national or local governments; changes in applicable legislation or application thereof; delays in obtaining approvals or financing or in the completion of development or construction activities; exchange rate fluctuations; requirements for additional capital; government regulation; environmental risks; reclamation expenses; outcomes of pending litigation; limitations on insurance coverage as well as those factors discussed in the section entitled "Description of the Business - Risk Factors" in the Company's most recent Annual Information Form for the year ended December 31, 2024 filed with the Canadian securities regulatory authorities under the Company's SEDAR+ profile at and in the Company's Annual Report on Form 40-F for the year ended December 31, 2024 filed with the United States Securities and Exchange Commission on EDGAR at Although First Majestic has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. The Company believes that the expectations reflected in these forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included herein should not be unduly relied upon. These statements speak only as of the date hereof. The Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws. To view the source version of this press release, please visit Sign in to access your portfolio
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Earnings live: Foxconn buoyed by AI demand, Birkenstock beats, Deere sinks
Second quarter earnings season is winding down, and with most of the reports in, the results have been mostly positive. Over 90% of S&P 500 index companies have reported results, and as of Friday analysts expected S&P 500 companies to report an 11.8% jump in earnings per share during the second quarter. Companies had a lower expectation bar to clear coming into the quarter — analysts expected S&P 500 earnings to rise 5% in Q2, the slowest pace of earnings growth since Q4 2023 — amid President Trump's tariffs, stocks' lofty valuations, and uncertainty about the health of the US economy. Earnings this week include Circle (CRCL), Lenovo ( AMC (AMC), Cava (CAVA), Cisco (CSCO), CoreWeave (CRWV), Deere (DE), On (ONON), and Oklo (OKLO). Here are the latest updates from corporate America. Lenovo stock drops despite profit beat Lenono Group LTD., the world's top PC maker, reported better-than-expected profit on PC sales but the stock dropped on worries over its cloud division. From Bloomberg Intelligence: Read more here. Deere's third-quarter profit falls, stock drops (Reuters) – Farm-equipment maker Deere & Co reported a lower third-quarter profit and tightened its annual profit forecast on Thursday, pressured by headwinds from U.S. tariffs and muted demand. ... Deere's net income in the third quarter came in at $1.29 billion, or $4.75 per share, compared with $1.73 billion, or $6.29 per share, a year earlier. Overall, quarterly sales fell about 9% to $12.02 billion from a year ago. Read more here. Birkenstock beats profit estimates on strong full-price footwear sales Reuters reports: Read more here. Nvidia partner Foxconn profit jumps after AI spending rises Foxconn, also known as Hon Hai Precision Industry Co., ( HNHPF, HNHAF) said on Thursday it expects higher third-quarter revenue due to robust demand for its artificial intelligence servers, which has helped the world's largest contract electronics maker beat forecasts and see a 27% increase in second-quarter profit. Reuters reports: Read more here. Cisco forecasts higher-than-expected quarterly revenue on increased demand Cisco Systems (CSCO) reported adjusted earnings per share of $0.99 in the fiscal fourth quarter, barely beating estimates of $0.98. Revenue was $14.67 billion versus an estimate of $14.63 billion. Its fiscal first quarter forecast for revenue was also better than expected, as the AI boom boosted demand for networking equipment from cloud customers. However, Cisco stock fell 2% after hours. Reuters reports: Read more here Brinker International stock pops as Chili's drives earnings beat Brinker International (EAT) stock jumped 9% in premarket trading on Wednesday after the restaurant group reported earnings and revenue that topped estimates, powered by another quarter of strong sales at Chili's. The company reported net income of $107 million, or $2.49 per share on an adjusted basis, on revenue of $1.46 billion in the fiscal fourth quarter. During the same period last year, Brinker posted net income of $57.3 million ($1.24 per share) on $1.2 billion in revenue. The results were also better than Wall Street expected. Estimates going into the report were for adjusted diluted earnings per share of $2.47 and revenue of $1.44 billion. Chili's was the standout this quarter, with 23.7% sales growth and 16% traffic growth. Comparable sales at Maggiano's declined 0.4%. "With that sustained momentum, along with a strong pipeline of initiatives, we are confident in our ability to grow sales and traffic throughout Fiscal 2026," CEO Kevin Hochman said in a statement. "Chili's is officially back, baby back!" Brinker expects fiscal 2026 revenue to be between $5.6 billion and $5.7 billion. It sees full-year earnings per share at $9.90 to $10.50. Dutch Bros CEO says company in 'growth mode' as Starbucks turnaround stokes beverage competition Yahoo Finance's Brooke DiPalma reports: Read more here. Tencent's revenue beats estimates in boost for AI ambitions Bloomberg News reports: Read more here. Cava stock plummets after company misses some of Wall Street's marks, cuts guidance Cava (CAVA) missed Wall Street's mark for revenue and same-store sales growth in its second quarterly earnings report. The company's revenue came in at $280.62 million, below the $285.56 million Wall Street expected, per Bloomberg consensus estimates. Adjusted earnings beat by $0.03, coming in at $0.16. Same-store sales came in lower than expected, up 2.1%, driven by menu prices and product mix. Meanwhile, guest foot traffic was flat, far less than the 6.14% jump expected by the Street. In the release, CEO Brett Schulman called it a "fluid macroeconomic environment," adding that it "continued to grow market share" during the quarter. For the full year, the company expects same-store sales growth of 4% to 6%, down from the previously expected range of 6% to 8%. CoreWeave Q2 revenue beats estimates, but results come up against high bar Nvidia (NVDA)-backed AI cloud company CoreWeave (CRWV) delivered solid revenue growth in its second quarterly report since going public, but its loss per share widened. The stock fell 6% in after-hours trading. Wall Street expected strong top-line numbers going into earnings, as robust AI demand, a deal with Core Scientific, and a $4 billion expansion deal with OpenAI ( fueled the quarter. Two of CoreWeave's key customers, Microsoft (MSFT) and Meta (META), also reaffirmed their spending plans going into the quarter in a bullish sign for AI demand. Here are some key figures CoreWeave reported versus estimates compiled by S&P Global Market Intelligence: Revenue beat: $1.21 billion, versus $1.08 billion estimated and $395.4 million a year ago. Wider loss per share: $0.60 loss per share, compared to a $0.49 loss estimated. Operating expenses increased: $1.19 billion in the quarter, compared to $317 million a year ago. Lighter capital expenditures on property and equipment: $2.45 billion, compared to estimates of $3.54 billion. Revenue backlog increased: $30.1 billion, as of June 30. In the first quarter, the company's backlog was $25.9 billion. "Our strong second quarter performance demonstrates continued momentum across every dimension of our business," CEO and co-founder Michael Intrator said in the earnings release. "We are scaling rapidly as we look to meet the unprecedented demand for AI.' CoreWeave said it will provide forward-looking guidance on its earnings call at 5 p.m. ET. You can listen to that call live on the company's stock page. Read more here. offers robotaxi production update as revenue surges Chinese robotaxi operator (PONY) reported revenue grew 76% year over year in the second quarter as the business scaled its autonomous vehicle production. The stock was up more than 1% in premarket trading but pared gains during the earnings call (you can listen to it live here). The Toyota-backed (TM) company began mass production of its two robotaxi models in June and July, respectively. Robotaxi revenue also surged over 300% to $1.5 million in the quarter. "Since mass production started two months ago, over 200 Gen-7 Robotaxi vehicles have rolled off the production line, putting us firmly on track to hit the year-end 1,000-vehicle target," CEO James Peng said in a statement. The company is still on its journey to profitability. For the quarter, it posted a net loss of $53.3 million (loss of $0.14 per share), compared to a loss of $30.9 million in the same period a year ago. Trading platform eToro beats profit estimates (Reuters) - Stock and crypto trading platform eToro beat Wall Street views for profit in the second quarter on Tuesday, as retail investors maintained a firm risk appetite despite broader macroeconomic uncertainty due to new tariffs. Shares of eToro rose in premarket trading after results. Retail trading activity has been strong this year, buoyed by gains in U.S. equity markets and renewed interest in high-risk assets such as cryptocurrencies and tech stocks. Read more here. On stock jumps on sales beat, CEO weighs in on tariffs Footwear company On Holding (ONON) stock gained 7% in early trading after beating second quarter sales estimates and raising its full-year sales guidance. Net sales increased by 38.2% year over year on a constant currency basis, with revenue coming in at 749 million Swiss francs. The company reported a diluted loss per share of CHF 0.12, a loss of around $0.15. In 2025, net sales are expected to be up at least 31% year over year on a constant currency basis. Previously, the company guided for sales to be up at least 28%. On also expanded its adjusted EBITDA margin to 17%-17.5% from 16.5%-17.5% previously. "On has a very strong momentum across the world," CEO Martin Hoffmann told Yahoo Finance, "This is most visible in our growth of our DTC channel, which has seen 55% growth in the quarter." Investors were pleased with On's ability to mitigate the tariffs successfully on its key sourcing region, Vietnam. "Our industry has always been exposed to tariffs in the US," Hoffmann said. "This is nothing new for us. ... We have been paying around 20% of most of our imports, and now this number goes up to 40% for importations from Vietnam and 39% for Indonesia." Hoffmann said the company benefits from being a premium player, as consumers are willing to pay up for innovation. He added, "We are a premium brand and we want to be the most premium global sportswear brand. We keep on investing in quality, in our innovation, in our customer experiences, in sustainability, in social impact. ... The same is for price increases. We don't need additional price increases this year to mitigate the impact." Circle revenue jumps in first results since blockbuster IPO (Reuters) - Circle (CRCL) posted higher revenue and reserve income on Tuesday in its maiden quarterly results since going public in June, driven by increased circulation of its USDC stablecoin and stronger subscription services. Shares rose more than 7% in premarket trading, solidifying the rally that has pushed the company's stock to more than five times its initial public offering price. Read more here. Smithfield Foods lifts profit outlook after strong sales Smithfield Foods Inc. (SFD), stock fell 2% before the bell despite raising its profit expectations following a strong second-quarter. The largest pork producer in the US cited challenges stemming from tariffs imposed by President Trump on some of the biggest importers of the meat. Bloomberg News reports: Read more here. Tencent Music beats quarterly revenue estimates Reuters reports: Tencent Music Entertainment (TME) surpassed second-quarter revenue expectations on Tuesday, driven by stronger subscriber growth and rising engagement with long-form audio content such as podcasts and audiobooks. The company's New York stock rose 3% before the bell on Tuesday. Read more here. Oklo stock has rallied 230% this year, but it's slipping on Q2 results Shares of nuclear energy company Oklo (OKLO) fell after the closing bell on Monday as second quarter results failed to meet Wall Street's lofty expectations. The advanced fission company reported a net loss of $34.5 million in Q2, or $0.18 per share, compared to a loss of $0.27 per share during the same period last year. All the same, Wall Street analysts were hoping for an $0.11 per share loss. Oklo stock went into earnings as an outperformer. Year to date, shares are up 238%, compared to an 8% rise in the S&P 500 (^GSPC), as several tailwinds have fueled the stock's rise. These include President Trump's executive orders supportive of the nuclear industry, a wave of demand for artificial intelligence and data centers, and several deals Oklo inked during the year. stock sells off as losses accelerate (BBAI) stock tumbled 20% after the company reported a wide earnings and revenue miss and lowered its revenue guidance. Here's what the AI software firm reported compared to estimates, according to S&P Global Market Intelligence: BigBear, which provides software to the US government, noted that Department of Government Efficiency (DOGE) cuts weighed on the business. 'While we are very optimistic with ... growth opportunities, we have also seen disruptions in federal contracts from efficiency efforts this quarter, most notably in programs that support the U.S. Army, as they seek to consolidate and modernize their data architecture and in turn, we have adjusted our full-year guidance this quarter to reflect these disruptions,' CEO Kevin McAleenan said in the earnings release. Listen to earnings call live on the stock page. Plug Power stock falls on earnings miss Primary hydrogen player Plug Power (PLUG) continues to grow its top line, but a larger-than-expected loss disappointed in the second quarter. Plug Power reported a $0.20 loss per share, a wider loss than the $0.15 per share Wall Street expected, according to S&P Global Market Intelligence. The company posted $174 million in revenue, a 21% increase year over year, above estimates for $157 million, and on the high end of its previous forecast for between $140 million and $180 million in Q2 revenue. The company's gross margin remained negative at -31%, though it marked an improvement from the -92% margin in the same quarter a year ago. Plug Power said it expects to achieve breakeven in its gross margin run rate in Q4 2025. Plug also held $140 million in unrestricted cash and cash equivalents at the end of the quarter. The stock fell more than 5% in after-hours trading. Year to date, the stock is down 25%, though investors grew more bullish on the stock in July following the passage of the One Big Beautiful Bill Act, which Plug Power called "a major policy win." The tax and spending law extended the hydrogen production tax credit, providing a 30% credit on fuel cell purchases and more certainty to the industry. Listen to the earnings call live here. stock falls 24% on sales miss, CEO health struggles Inc. (AI) stock tumbled as much as 30% after the software company reported a steep sales miss that it attributed to its founder's health issues. Bloomberg reports: Read more here. Lenovo stock drops despite profit beat Lenono Group LTD., the world's top PC maker, reported better-than-expected profit on PC sales but the stock dropped on worries over its cloud division. From Bloomberg Intelligence: Read more here. Lenono Group LTD., the world's top PC maker, reported better-than-expected profit on PC sales but the stock dropped on worries over its cloud division. From Bloomberg Intelligence: Read more here. Deere's third-quarter profit falls, stock drops (Reuters) – Farm-equipment maker Deere & Co reported a lower third-quarter profit and tightened its annual profit forecast on Thursday, pressured by headwinds from U.S. tariffs and muted demand. ... Deere's net income in the third quarter came in at $1.29 billion, or $4.75 per share, compared with $1.73 billion, or $6.29 per share, a year earlier. Overall, quarterly sales fell about 9% to $12.02 billion from a year ago. Read more here. (Reuters) – Farm-equipment maker Deere & Co reported a lower third-quarter profit and tightened its annual profit forecast on Thursday, pressured by headwinds from U.S. tariffs and muted demand. ... Deere's net income in the third quarter came in at $1.29 billion, or $4.75 per share, compared with $1.73 billion, or $6.29 per share, a year earlier. Overall, quarterly sales fell about 9% to $12.02 billion from a year ago. Read more here. Birkenstock beats profit estimates on strong full-price footwear sales Reuters reports: Read more here. Reuters reports: Read more here. Nvidia partner Foxconn profit jumps after AI spending rises Foxconn, also known as Hon Hai Precision Industry Co., ( HNHPF, HNHAF) said on Thursday it expects higher third-quarter revenue due to robust demand for its artificial intelligence servers, which has helped the world's largest contract electronics maker beat forecasts and see a 27% increase in second-quarter profit. Reuters reports: Read more here. Foxconn, also known as Hon Hai Precision Industry Co., ( HNHPF, HNHAF) said on Thursday it expects higher third-quarter revenue due to robust demand for its artificial intelligence servers, which has helped the world's largest contract electronics maker beat forecasts and see a 27% increase in second-quarter profit. Reuters reports: Read more here. Cisco forecasts higher-than-expected quarterly revenue on increased demand Cisco Systems (CSCO) reported adjusted earnings per share of $0.99 in the fiscal fourth quarter, barely beating estimates of $0.98. Revenue was $14.67 billion versus an estimate of $14.63 billion. Its fiscal first quarter forecast for revenue was also better than expected, as the AI boom boosted demand for networking equipment from cloud customers. However, Cisco stock fell 2% after hours. Reuters reports: Read more here Cisco Systems (CSCO) reported adjusted earnings per share of $0.99 in the fiscal fourth quarter, barely beating estimates of $0.98. Revenue was $14.67 billion versus an estimate of $14.63 billion. Its fiscal first quarter forecast for revenue was also better than expected, as the AI boom boosted demand for networking equipment from cloud customers. However, Cisco stock fell 2% after hours. Reuters reports: Read more here Brinker International stock pops as Chili's drives earnings beat Brinker International (EAT) stock jumped 9% in premarket trading on Wednesday after the restaurant group reported earnings and revenue that topped estimates, powered by another quarter of strong sales at Chili's. The company reported net income of $107 million, or $2.49 per share on an adjusted basis, on revenue of $1.46 billion in the fiscal fourth quarter. During the same period last year, Brinker posted net income of $57.3 million ($1.24 per share) on $1.2 billion in revenue. The results were also better than Wall Street expected. Estimates going into the report were for adjusted diluted earnings per share of $2.47 and revenue of $1.44 billion. Chili's was the standout this quarter, with 23.7% sales growth and 16% traffic growth. Comparable sales at Maggiano's declined 0.4%. "With that sustained momentum, along with a strong pipeline of initiatives, we are confident in our ability to grow sales and traffic throughout Fiscal 2026," CEO Kevin Hochman said in a statement. "Chili's is officially back, baby back!" Brinker expects fiscal 2026 revenue to be between $5.6 billion and $5.7 billion. It sees full-year earnings per share at $9.90 to $10.50. Brinker International (EAT) stock jumped 9% in premarket trading on Wednesday after the restaurant group reported earnings and revenue that topped estimates, powered by another quarter of strong sales at Chili's. The company reported net income of $107 million, or $2.49 per share on an adjusted basis, on revenue of $1.46 billion in the fiscal fourth quarter. During the same period last year, Brinker posted net income of $57.3 million ($1.24 per share) on $1.2 billion in revenue. The results were also better than Wall Street expected. Estimates going into the report were for adjusted diluted earnings per share of $2.47 and revenue of $1.44 billion. Chili's was the standout this quarter, with 23.7% sales growth and 16% traffic growth. Comparable sales at Maggiano's declined 0.4%. "With that sustained momentum, along with a strong pipeline of initiatives, we are confident in our ability to grow sales and traffic throughout Fiscal 2026," CEO Kevin Hochman said in a statement. "Chili's is officially back, baby back!" Brinker expects fiscal 2026 revenue to be between $5.6 billion and $5.7 billion. It sees full-year earnings per share at $9.90 to $10.50. Dutch Bros CEO says company in 'growth mode' as Starbucks turnaround stokes beverage competition Yahoo Finance's Brooke DiPalma reports: Read more here. Yahoo Finance's Brooke DiPalma reports: Read more here. Tencent's revenue beats estimates in boost for AI ambitions Bloomberg News reports: Read more here. Bloomberg News reports: Read more here. Cava stock plummets after company misses some of Wall Street's marks, cuts guidance Cava (CAVA) missed Wall Street's mark for revenue and same-store sales growth in its second quarterly earnings report. The company's revenue came in at $280.62 million, below the $285.56 million Wall Street expected, per Bloomberg consensus estimates. Adjusted earnings beat by $0.03, coming in at $0.16. Same-store sales came in lower than expected, up 2.1%, driven by menu prices and product mix. Meanwhile, guest foot traffic was flat, far less than the 6.14% jump expected by the Street. In the release, CEO Brett Schulman called it a "fluid macroeconomic environment," adding that it "continued to grow market share" during the quarter. For the full year, the company expects same-store sales growth of 4% to 6%, down from the previously expected range of 6% to 8%. Cava (CAVA) missed Wall Street's mark for revenue and same-store sales growth in its second quarterly earnings report. The company's revenue came in at $280.62 million, below the $285.56 million Wall Street expected, per Bloomberg consensus estimates. Adjusted earnings beat by $0.03, coming in at $0.16. Same-store sales came in lower than expected, up 2.1%, driven by menu prices and product mix. Meanwhile, guest foot traffic was flat, far less than the 6.14% jump expected by the Street. In the release, CEO Brett Schulman called it a "fluid macroeconomic environment," adding that it "continued to grow market share" during the quarter. For the full year, the company expects same-store sales growth of 4% to 6%, down from the previously expected range of 6% to 8%. CoreWeave Q2 revenue beats estimates, but results come up against high bar Nvidia (NVDA)-backed AI cloud company CoreWeave (CRWV) delivered solid revenue growth in its second quarterly report since going public, but its loss per share widened. The stock fell 6% in after-hours trading. Wall Street expected strong top-line numbers going into earnings, as robust AI demand, a deal with Core Scientific, and a $4 billion expansion deal with OpenAI ( fueled the quarter. Two of CoreWeave's key customers, Microsoft (MSFT) and Meta (META), also reaffirmed their spending plans going into the quarter in a bullish sign for AI demand. Here are some key figures CoreWeave reported versus estimates compiled by S&P Global Market Intelligence: Revenue beat: $1.21 billion, versus $1.08 billion estimated and $395.4 million a year ago. Wider loss per share: $0.60 loss per share, compared to a $0.49 loss estimated. Operating expenses increased: $1.19 billion in the quarter, compared to $317 million a year ago. Lighter capital expenditures on property and equipment: $2.45 billion, compared to estimates of $3.54 billion. Revenue backlog increased: $30.1 billion, as of June 30. In the first quarter, the company's backlog was $25.9 billion. "Our strong second quarter performance demonstrates continued momentum across every dimension of our business," CEO and co-founder Michael Intrator said in the earnings release. "We are scaling rapidly as we look to meet the unprecedented demand for AI.' CoreWeave said it will provide forward-looking guidance on its earnings call at 5 p.m. ET. You can listen to that call live on the company's stock page. Read more here. Nvidia (NVDA)-backed AI cloud company CoreWeave (CRWV) delivered solid revenue growth in its second quarterly report since going public, but its loss per share widened. The stock fell 6% in after-hours trading. Wall Street expected strong top-line numbers going into earnings, as robust AI demand, a deal with Core Scientific, and a $4 billion expansion deal with OpenAI ( fueled the quarter. Two of CoreWeave's key customers, Microsoft (MSFT) and Meta (META), also reaffirmed their spending plans going into the quarter in a bullish sign for AI demand. Here are some key figures CoreWeave reported versus estimates compiled by S&P Global Market Intelligence: Revenue beat: $1.21 billion, versus $1.08 billion estimated and $395.4 million a year ago. Wider loss per share: $0.60 loss per share, compared to a $0.49 loss estimated. Operating expenses increased: $1.19 billion in the quarter, compared to $317 million a year ago. Lighter capital expenditures on property and equipment: $2.45 billion, compared to estimates of $3.54 billion. Revenue backlog increased: $30.1 billion, as of June 30. In the first quarter, the company's backlog was $25.9 billion. "Our strong second quarter performance demonstrates continued momentum across every dimension of our business," CEO and co-founder Michael Intrator said in the earnings release. "We are scaling rapidly as we look to meet the unprecedented demand for AI.' CoreWeave said it will provide forward-looking guidance on its earnings call at 5 p.m. ET. You can listen to that call live on the company's stock page. Read more here. offers robotaxi production update as revenue surges Chinese robotaxi operator (PONY) reported revenue grew 76% year over year in the second quarter as the business scaled its autonomous vehicle production. The stock was up more than 1% in premarket trading but pared gains during the earnings call (you can listen to it live here). The Toyota-backed (TM) company began mass production of its two robotaxi models in June and July, respectively. Robotaxi revenue also surged over 300% to $1.5 million in the quarter. "Since mass production started two months ago, over 200 Gen-7 Robotaxi vehicles have rolled off the production line, putting us firmly on track to hit the year-end 1,000-vehicle target," CEO James Peng said in a statement. The company is still on its journey to profitability. For the quarter, it posted a net loss of $53.3 million (loss of $0.14 per share), compared to a loss of $30.9 million in the same period a year ago. Chinese robotaxi operator (PONY) reported revenue grew 76% year over year in the second quarter as the business scaled its autonomous vehicle production. The stock was up more than 1% in premarket trading but pared gains during the earnings call (you can listen to it live here). The Toyota-backed (TM) company began mass production of its two robotaxi models in June and July, respectively. Robotaxi revenue also surged over 300% to $1.5 million in the quarter. "Since mass production started two months ago, over 200 Gen-7 Robotaxi vehicles have rolled off the production line, putting us firmly on track to hit the year-end 1,000-vehicle target," CEO James Peng said in a statement. The company is still on its journey to profitability. For the quarter, it posted a net loss of $53.3 million (loss of $0.14 per share), compared to a loss of $30.9 million in the same period a year ago. Trading platform eToro beats profit estimates (Reuters) - Stock and crypto trading platform eToro beat Wall Street views for profit in the second quarter on Tuesday, as retail investors maintained a firm risk appetite despite broader macroeconomic uncertainty due to new tariffs. Shares of eToro rose in premarket trading after results. Retail trading activity has been strong this year, buoyed by gains in U.S. equity markets and renewed interest in high-risk assets such as cryptocurrencies and tech stocks. Read more here. (Reuters) - Stock and crypto trading platform eToro beat Wall Street views for profit in the second quarter on Tuesday, as retail investors maintained a firm risk appetite despite broader macroeconomic uncertainty due to new tariffs. Shares of eToro rose in premarket trading after results. Retail trading activity has been strong this year, buoyed by gains in U.S. equity markets and renewed interest in high-risk assets such as cryptocurrencies and tech stocks. Read more here. On stock jumps on sales beat, CEO weighs in on tariffs Footwear company On Holding (ONON) stock gained 7% in early trading after beating second quarter sales estimates and raising its full-year sales guidance. Net sales increased by 38.2% year over year on a constant currency basis, with revenue coming in at 749 million Swiss francs. The company reported a diluted loss per share of CHF 0.12, a loss of around $0.15. In 2025, net sales are expected to be up at least 31% year over year on a constant currency basis. Previously, the company guided for sales to be up at least 28%. On also expanded its adjusted EBITDA margin to 17%-17.5% from 16.5%-17.5% previously. "On has a very strong momentum across the world," CEO Martin Hoffmann told Yahoo Finance, "This is most visible in our growth of our DTC channel, which has seen 55% growth in the quarter." Investors were pleased with On's ability to mitigate the tariffs successfully on its key sourcing region, Vietnam. "Our industry has always been exposed to tariffs in the US," Hoffmann said. "This is nothing new for us. ... We have been paying around 20% of most of our imports, and now this number goes up to 40% for importations from Vietnam and 39% for Indonesia." Hoffmann said the company benefits from being a premium player, as consumers are willing to pay up for innovation. He added, "We are a premium brand and we want to be the most premium global sportswear brand. We keep on investing in quality, in our innovation, in our customer experiences, in sustainability, in social impact. ... The same is for price increases. We don't need additional price increases this year to mitigate the impact." Footwear company On Holding (ONON) stock gained 7% in early trading after beating second quarter sales estimates and raising its full-year sales guidance. Net sales increased by 38.2% year over year on a constant currency basis, with revenue coming in at 749 million Swiss francs. The company reported a diluted loss per share of CHF 0.12, a loss of around $0.15. In 2025, net sales are expected to be up at least 31% year over year on a constant currency basis. Previously, the company guided for sales to be up at least 28%. On also expanded its adjusted EBITDA margin to 17%-17.5% from 16.5%-17.5% previously. "On has a very strong momentum across the world," CEO Martin Hoffmann told Yahoo Finance, "This is most visible in our growth of our DTC channel, which has seen 55% growth in the quarter." Investors were pleased with On's ability to mitigate the tariffs successfully on its key sourcing region, Vietnam. "Our industry has always been exposed to tariffs in the US," Hoffmann said. "This is nothing new for us. ... We have been paying around 20% of most of our imports, and now this number goes up to 40% for importations from Vietnam and 39% for Indonesia." Hoffmann said the company benefits from being a premium player, as consumers are willing to pay up for innovation. He added, "We are a premium brand and we want to be the most premium global sportswear brand. We keep on investing in quality, in our innovation, in our customer experiences, in sustainability, in social impact. ... The same is for price increases. We don't need additional price increases this year to mitigate the impact." Circle revenue jumps in first results since blockbuster IPO (Reuters) - Circle (CRCL) posted higher revenue and reserve income on Tuesday in its maiden quarterly results since going public in June, driven by increased circulation of its USDC stablecoin and stronger subscription services. Shares rose more than 7% in premarket trading, solidifying the rally that has pushed the company's stock to more than five times its initial public offering price. Read more here. (Reuters) - Circle (CRCL) posted higher revenue and reserve income on Tuesday in its maiden quarterly results since going public in June, driven by increased circulation of its USDC stablecoin and stronger subscription services. Shares rose more than 7% in premarket trading, solidifying the rally that has pushed the company's stock to more than five times its initial public offering price. Read more here. Smithfield Foods lifts profit outlook after strong sales Smithfield Foods Inc. (SFD), stock fell 2% before the bell despite raising its profit expectations following a strong second-quarter. The largest pork producer in the US cited challenges stemming from tariffs imposed by President Trump on some of the biggest importers of the meat. Bloomberg News reports: Read more here. Smithfield Foods Inc. (SFD), stock fell 2% before the bell despite raising its profit expectations following a strong second-quarter. The largest pork producer in the US cited challenges stemming from tariffs imposed by President Trump on some of the biggest importers of the meat. Bloomberg News reports: Read more here. Tencent Music beats quarterly revenue estimates Reuters reports: Tencent Music Entertainment (TME) surpassed second-quarter revenue expectations on Tuesday, driven by stronger subscriber growth and rising engagement with long-form audio content such as podcasts and audiobooks. The company's New York stock rose 3% before the bell on Tuesday. Read more here. Reuters reports: Tencent Music Entertainment (TME) surpassed second-quarter revenue expectations on Tuesday, driven by stronger subscriber growth and rising engagement with long-form audio content such as podcasts and audiobooks. The company's New York stock rose 3% before the bell on Tuesday. Read more here. Oklo stock has rallied 230% this year, but it's slipping on Q2 results Shares of nuclear energy company Oklo (OKLO) fell after the closing bell on Monday as second quarter results failed to meet Wall Street's lofty expectations. The advanced fission company reported a net loss of $34.5 million in Q2, or $0.18 per share, compared to a loss of $0.27 per share during the same period last year. All the same, Wall Street analysts were hoping for an $0.11 per share loss. Oklo stock went into earnings as an outperformer. Year to date, shares are up 238%, compared to an 8% rise in the S&P 500 (^GSPC), as several tailwinds have fueled the stock's rise. These include President Trump's executive orders supportive of the nuclear industry, a wave of demand for artificial intelligence and data centers, and several deals Oklo inked during the year. Shares of nuclear energy company Oklo (OKLO) fell after the closing bell on Monday as second quarter results failed to meet Wall Street's lofty expectations. The advanced fission company reported a net loss of $34.5 million in Q2, or $0.18 per share, compared to a loss of $0.27 per share during the same period last year. All the same, Wall Street analysts were hoping for an $0.11 per share loss. Oklo stock went into earnings as an outperformer. Year to date, shares are up 238%, compared to an 8% rise in the S&P 500 (^GSPC), as several tailwinds have fueled the stock's rise. These include President Trump's executive orders supportive of the nuclear industry, a wave of demand for artificial intelligence and data centers, and several deals Oklo inked during the year. stock sells off as losses accelerate (BBAI) stock tumbled 20% after the company reported a wide earnings and revenue miss and lowered its revenue guidance. Here's what the AI software firm reported compared to estimates, according to S&P Global Market Intelligence: BigBear, which provides software to the US government, noted that Department of Government Efficiency (DOGE) cuts weighed on the business. 'While we are very optimistic with ... growth opportunities, we have also seen disruptions in federal contracts from efficiency efforts this quarter, most notably in programs that support the U.S. Army, as they seek to consolidate and modernize their data architecture and in turn, we have adjusted our full-year guidance this quarter to reflect these disruptions,' CEO Kevin McAleenan said in the earnings release. Listen to earnings call live on the stock page. (BBAI) stock tumbled 20% after the company reported a wide earnings and revenue miss and lowered its revenue guidance. Here's what the AI software firm reported compared to estimates, according to S&P Global Market Intelligence: BigBear, which provides software to the US government, noted that Department of Government Efficiency (DOGE) cuts weighed on the business. 'While we are very optimistic with ... growth opportunities, we have also seen disruptions in federal contracts from efficiency efforts this quarter, most notably in programs that support the U.S. Army, as they seek to consolidate and modernize their data architecture and in turn, we have adjusted our full-year guidance this quarter to reflect these disruptions,' CEO Kevin McAleenan said in the earnings release. Listen to earnings call live on the stock page. Plug Power stock falls on earnings miss Primary hydrogen player Plug Power (PLUG) continues to grow its top line, but a larger-than-expected loss disappointed in the second quarter. Plug Power reported a $0.20 loss per share, a wider loss than the $0.15 per share Wall Street expected, according to S&P Global Market Intelligence. The company posted $174 million in revenue, a 21% increase year over year, above estimates for $157 million, and on the high end of its previous forecast for between $140 million and $180 million in Q2 revenue. The company's gross margin remained negative at -31%, though it marked an improvement from the -92% margin in the same quarter a year ago. Plug Power said it expects to achieve breakeven in its gross margin run rate in Q4 2025. Plug also held $140 million in unrestricted cash and cash equivalents at the end of the quarter. The stock fell more than 5% in after-hours trading. Year to date, the stock is down 25%, though investors grew more bullish on the stock in July following the passage of the One Big Beautiful Bill Act, which Plug Power called "a major policy win." The tax and spending law extended the hydrogen production tax credit, providing a 30% credit on fuel cell purchases and more certainty to the industry. Listen to the earnings call live here. Primary hydrogen player Plug Power (PLUG) continues to grow its top line, but a larger-than-expected loss disappointed in the second quarter. Plug Power reported a $0.20 loss per share, a wider loss than the $0.15 per share Wall Street expected, according to S&P Global Market Intelligence. The company posted $174 million in revenue, a 21% increase year over year, above estimates for $157 million, and on the high end of its previous forecast for between $140 million and $180 million in Q2 revenue. The company's gross margin remained negative at -31%, though it marked an improvement from the -92% margin in the same quarter a year ago. Plug Power said it expects to achieve breakeven in its gross margin run rate in Q4 2025. Plug also held $140 million in unrestricted cash and cash equivalents at the end of the quarter. The stock fell more than 5% in after-hours trading. Year to date, the stock is down 25%, though investors grew more bullish on the stock in July following the passage of the One Big Beautiful Bill Act, which Plug Power called "a major policy win." The tax and spending law extended the hydrogen production tax credit, providing a 30% credit on fuel cell purchases and more certainty to the industry. Listen to the earnings call live here. stock falls 24% on sales miss, CEO health struggles Inc. (AI) stock tumbled as much as 30% after the software company reported a steep sales miss that it attributed to its founder's health issues. Bloomberg reports: Read more here. Inc. (AI) stock tumbled as much as 30% after the software company reported a steep sales miss that it attributed to its founder's health issues. Bloomberg reports: Read more here. 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