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Nutanix Inc. shares rose 7.2% in after-hours trading on Wednesday. The hybrid-cloud firm surpassed analyst forecasts for both revenue and profit in the quarter.
| Metric | Actual | Consensus | Beat |
|---|---|---|---|
| Revenue | $757.1M | $738.3M | +$18.8M |
| Adjusted EPS | $0.60 | $0.49 | +$0.11 |
| Metric | Q4 FY26 | Q4 FY25 | Change |
|---|---|---|---|
| Revenue | $757.1M | $653.3M | +16% |
| ARR | $2.55B | $2.20B | +16% |
| Adj. gross margin | 87.7% | 88.3% | −60 bps |
| Adj. operating margin | 26.2% | 18.3% | +790 bps |
| Free cash flow | $277.6M | $207.8M | +34% |
Revenue exceeded consensus by 2.5%. Adjusted operating margin expanded 790 basis points. ARR kept pace with quarterly revenue at 16% growth. Fiscal-2027 guidance preserved double-digit sales growth while keeping adjusted operating margin near one quarter of revenue.
Adjusted gross margin fell 60 basis points. Server supply constraints can delay deployments and cash collection. The after-hours price already exceeds the pre-report average analyst target. Extended-hours liquidity can exaggerate moves.
WARSAW, August 26, 2026, 21:10 CEST — Shares in Snap Inc. dropped 7.94% to $5.45 on Wednesday afternoon as a youth-safety lawsuit in Pennsylvania…
Pennsylvania teen-safety lawsuit
Pennsylvania sued Snap under its consumer-protection law, alleging deceptive safety and age-rating claims and an addictive, high-risk design for minors. These are allegations, not findings; the complaint specifies no dollar liability.
Market snapshot: Aug. 26, 2026, 2:47:31 p.m. EDT · latest trade in delayed consolidated feed · retrieval 3:02:58 p.m. EDT
SNAP underperformed META by 9.80 percentage points and PINS by 6.88 points at the same snapshot. That comparison supports a stock-specific repricing; it does not prove the lawsuit caused every part of the move.
Reuters reported that Meta separately agreed to pay up to $18 billion and make youth-safety product changes. Snap is not a party to that settlement, but its scale supplies a same-day industry benchmark for legal and product-remedy risk.
Philadelphia Court of Common Pleas · Pennsylvania Unfair Trade Practices and Consumer Protection Law (UTPCPL)
The near-term issue is remedy uncertainty. An injunction could matter through product design, marketing, compliance cost or engagement—not only through a cash penalty.
Risk transmission, not a forecast. Snap’s Aug. 4 10-Q—filed before this Pennsylvania case—already said youth-harm litigation outcomes were uncertain and that it could not estimate a reasonably possible loss range for those matters.
| Metric | Q2 2026 | Q2 2025 | YoY |
|---|---|---|---|
| Revenue | $1.599B | $1.345B | +19% |
| Advertising revenue | $1.283B | $1.174B | +9% |
| Other revenue | $316M | $171M | +85% |
| Adjusted EBITDA | $250M | $41M | +505% |
| Net loss | $(164)M | $(263)M | 38% narrower |
| Free cash flow | $121M | $24M | +407% |
| Average DAU | 493M | 469M | +5% |
| Global ARPU | $3.25 | $2.87 | +13% |
Exact reported figures were $1,598.993M revenue, $249.615M adjusted EBITDA, $(163.960)M net loss and $120.538M FCF. Adjusted EBITDA and FCF are non-GAAP measures.
Ad mix fell from 87.3% a year earlier; subscription-led other revenue rose to 19.8%.
The Q3 revenue range implies roughly 12.8%–15.5% growth versus Q3 2025, derived from $1.5068B.
Consensus is an aggregate, not company guidance, and can change after legal or operating developments.
Derived using the Aug. 26 intraday market value and June 30 balance sheet: $2.660B cash/securities and $3.535B debt. Snap reported 1.691B shares outstanding across all three classes as of July 30; vendors can use different share-count conventions. These are mixed-date approximations.
The $11 spread between low and high targets signals unusually broad model uncertainty. Targets are opinions, not promised outcomes.
A quantified penalty, injunction request, adverse preliminary ruling or settlement term would replace today’s open-ended exposure with a more modelable cost or product constraint.
Snap’s June 30 filing said the next two California JCCP youth-harm bellwether trials involving Snap were scheduled for October. Trial timing or resolution can reset risk expectations.
Revenue inside the $1.70B–$1.74B guide and adjusted EBITDA inside $300M–$350M would test whether Q2’s ad recovery and direct-revenue growth persist through the legal noise.
Salesforce and Nvidia Lead KASE Global as Asia Closes Mixed27/08/2026 · 23:57 SGT LIVE SESSION · KASE GLOBAL Late Asia: software and chips lead…
Shares in DroneShield Limited dropped 9.4% on Wednesday, finishing at A$1.768 as higher first-half costs offset its record sales.
| A$ million | 1H25 | 1H26 | Change |
|---|---|---|---|
| Revenue | 72.3 | 125.8 | +74% |
| Recurring revenue | 3.5 | 11.5 | +229% |
| Gross margin | 65.3% | 60.0% | −5.3 pts |
| Underlying EBITDA | 8.0 | −12.4 | −20.4 |
| Statutory NPAT | 2.1 | −32.2 | −34.3 |
Pre-results average target from five analysts. Consensus: Buy, but the split is wide at three Buy and two Sell ratings.
High A$5.00Low A$1.60Canaccord A$2.804 Aug snapshotGross margin recovery, second-half EBITDA, delivery timing and recurring revenue. Governance remains material while ASIC examines historical disclosures and trading.
15.7% short interestInventoryProduct mixASICSources: DroneShield first-half 2026 results and investor relations; Visible Alpha consensus via Capital Brief; market and analyst data from Investing.com and S&P Global. Market figures timestamped 26 Aug 2026, 16:12 AEST. Calculations are estimates using reported shares outstanding.
Semtech Corporation gained 4.3% ahead of the market open after projecting a stronger uptick in growth. Shares were priced at $133.00 at 06:30 EDT,…
A record quarter matters. The larger signal is a $410 million revenue guide that sits 14% above consensus, supported by 91% data-center growth and expanding margins.
NASDAQ: SMTCUpdated August 26, 2026, 06:32 EDT| Metric | Reported | Comparison |
|---|---|---|
| Revenue | $341.9M | +33% YoY; 4.0% beat |
| Adjusted EPS | $0.71 | +73% YoY; 16.4% beat |
| Adjusted gross margin | 54.5% | +130 bps QoQ |
| Adjusted operating margin | 24.4% | +560 bps YoY |
| Free cash flow | $61.4M | +48% YoY |
| Engine | YoY growth |
|---|---|
| Data center | +91% |
| Infrastructure | +69% |
| LoRa-enabled | +58% |
| IoT Systems and Connectivity | +11% |
| Measure | Q2 FY2026 | Q1 FY2027 | Q2 FY2027 | Q3 guide |
|---|---|---|---|---|
| Adjusted gross margin | 53.2% | 53.0% | 54.5% | 58.3% ±100 bps |
| Adjusted operating margin | 18.8% | 20.4% | 24.4% | ≈31.0% midpoint calculation |
| Adjusted gross margin excluding held-for-sale unit | — | — | — | 63.9% ±100 bps |
The held-for-sale cellular-module business generated $48.1 million of Q2 revenue and $10.9 million of adjusted gross profit. Its implied 22.7% margin diluted the consolidated profile.
Semtech beat the completed quarter, but the forward numbers moved the valuation. The $410 million revenue midpoint stands 14% above consensus. The $1.05 adjusted-EPS midpoint is 44% higher. Data-center revenue growth and the planned removal of a low-margin unit make the margin expansion measurable.
Premarket liquidity remains thin. The forecast depends on bookings becoming shipments on schedule. Hyperscaler demand, customer concentration and limited supplier capacity can move timing between quarters. A high-growth valuation also leaves less room for execution errors.
Shares of USA Rare Earth rose further in premarket trading on Wednesday. The company secured funding for a government-supported entity set to purchase all…
The $1.55 billion SPV supports Serra Verde’s output. Friday’s vote tests whether that protection offsets dilution.
Daily closes through Aug. 25, plus the Aug. 26 premarket quote. U.S. dollars.
The financing announcement leads directly into the vote.
The SPV completed a $1.55 billion capitalization package for 100% of Serra Verde’s Phase 1 production.
USAR rose 6.12%. Northland maintained Buy and a $45 target.
Stockholders vote on issuing the shares needed for the Serra Verde acquisition.
Management expects closing after remaining conditions are satisfied or waived.
Approval removes one hurdle. It does not by itself confirm closing, integration, output or cash generation.
Share of USAR’s $4.75 billion market value at the Aug. 25 close.
The SPV buys product. Its funding is not a $1.55 billion deposit into USA Rare Earth’s corporate account.
Serra Verde consideration at the $19.90 premarket share price.
The funding lowers customer and pricing risk. The stock issuance transfers a large part of the combined equity to Serra Verde’s owners.
Quarter ended June 30, 2026.
| Metric | Reading | Investor use |
|---|---|---|
| Cash | $1.53B | 32.2% of market value |
| Q2 revenue | $5.82M | Early commercial base |
| Q2 gross loss | $1.58M | Costs exceeded product revenue |
| Q2 operating loss | $46.31M | Build-out spending |
| H1 operating cash use | $75.32M | Pre-acquisition burn |
| H1 capex + deposits | $108.39M | Expansion investment |
Cash was raised largely through a $1.5 billion PIPE. Serra Verde adds operations, debt and integration costs.
Targets available Aug. 25, 2026; change versus the $19.41 close.
| Reference | Target | Implied move |
|---|---|---|
| Northland | $45.00 | +131.8% |
| S&P Global high | $45.00 | +131.8% |
| S&P Global average | $37.38 | +92.6% |
| S&P Global low | $30.00 | +54.6% |
STRONG BUY Eight-analyst S&P Global consensus. Targets are opinions, not forecasts.
Aug. 25 cash-session moves; the whole group participated.
| Company | Ticker | Move |
|---|---|---|
| Critical Metals | CRML | +21.44% |
| USA Rare Earth | USAR | +6.12% |
| MP Materials | MP | +4.79% |
| United States Antimony | UAMY | +1.96% |
The peer bid matters. USAR’s funding and Friday vote remain company-specific.
What could break the current valuation case.
SANTA CLARA, California, August 26, 2026, 04:53 EDT – Shares of AMD climbed 4.9% after the company's server-CPU market forecast increased by $37 billion,…
| Metric | Latest | Change / benchmark | Reading |
|---|---|---|---|
| Q2 revenue | $11.5B | +50% YoY | Record |
| Data Center revenue | $6.7B | More than doubled | Core bull case |
| Q3 revenue guide | $13.0B ± $0.3B | Consensus was $12.52B | Above Street |
| Q3 adjusted gross margin | 56% | Flat with Q2 | Scale must offset mix |
| Trailing P/E | ≈123× | Premium valuation | Execution-sensitive |
| Consensus target | $553.72 | +15.6% | Below Raymond James |
Hot PCE Tests FTSE Recovery as Miners Offset Oil Drag26/08/2026 · 15:51 BST UK EQUITIES · LIVE SESSION Hot PCE tests the FTSE recovery…
AI Earnings Gains Hold as Overnight Session Advances08/26/2026 · 23:02 EDT U.S. EQUITIES · OVERNIGHT SESSION AI earnings bid holds into the third overnight…
Alibaba Group Holding Limited rose 0.82% on Tuesday. The rebound followed a discounted HK$80 billion share placement for AI investment. The stock closed at…
NYSE:BABA · Market data through August 25, 2026, 20:00 EDT
The issue raises about $10.21 billion for chips, infrastructure and models. That equals 6.6% of trailing revenue and 18.1% of Alibaba's three-year AI plan.
Placement as a share of the $56.54B three-year AI commitment
| Measure | Value |
|---|---|
| New shares | 710M |
| Offer price | HK$112.70 |
| Discount | 8.4% |
| Net cash | HK$79.7B |
| Expected close | Aug. 26 |
| June quarter | Value |
|---|---|
| Group revenue | $39.6B |
| Revenue growth | +9% |
| AI cloud revenue | $7.1B |
| Cloud growth | +45% |
| Cloud adj. EBITA | $830M |
| EBITA growth | +133% |
| Analysts | Value |
|---|---|
| Consensus | Strong Buy |
| Coverage | 40 |
| Average target | $186.68 |
| Implied upside | +56.3% |
| Low / high | $92.74 / $237.81 |
| Date | Close | Move | Volume |
|---|---|---|---|
| Aug. 20 | $130.53 | +1.26% | 28.1M |
| Aug. 21 | $119.34 | −8.57% | 32.4M |
| Aug. 24 | $118.47 | −0.73% | 23.9M |
| Aug. 25 | $119.44 | +0.82% | 15.8M |
The ADR remains 8.5% below its Aug. 20 close.
ASX Stabilises Near Session Low as CPI Hike Risk Lingers26/08/2026 · 14:42 AEST ASX normal cash-equity trading · LIVE Hot inflation leaves the index…
Copper finished trading at an all-time high of $6.7115 per pound in New York on Tuesday. The metal advanced 1.61%, reflecting more than just…
Tariff expectations are pulling refined metal toward the United States.
Tuesday's settlement was about 5.2% above July 27 and 2.3% below the August intraday peak.
Tariff risk
Possible 2027 U.S. refined-copper duties create an import incentive.
Metal moves west
COMEX warehouses gain stock while LME warrants are cancelled.
Location premium
Global supply can look adequate while offshore availability contracts.
| Exposure | Price | Move | Activity / scale |
|---|---|---|---|
| CPER · futures fund | $40.68 | +1.52% | 426,978 shares |
| COPX · miners ETF | $95.98 | +1.53% | 1.62M shares |
| FCX · producer | $79.59 | +2.30% | $114.3B market cap |
| SCCO · producer | $219.70 | +2.54% | Near 52-week high |
CPER and COPX readings: 14:37 and 14:52 EDT. FCX: 15:42 EDT. SCCO: 16:00 EDT close.
Scale comparison only. Warehouse stock and annual surplus are not interchangeable flow measures.
KASE Global Trades as Hot PCE Tests Asia’s Chip Rally26/08/2026 · 23:09 SGT ASIA SESSION MONITOR Hot PCE tests Asia's chip rally as KASE…
Gold touched a three-month high on Tuesday as falling Treasury yields lowered its opportunity cost. The move brought $4,700 into view before profit-taking trimmed…
A three-month high met profit-taking while listed-fund demand accelerated.
Most-active futures reference series; closes shown through August 25. The month-to-date move is roughly 14%.
Gold pays no coupon. Lower Treasury yields reduce the income forgone by holding bullion.
−6.5 bp, the largest decline since June 24.
−5.6 bp to 5.174%.
| Vehicle / flow | Reading | Signal |
|---|---|---|
| GLD volume | 40.0m shares | 2.1× Monday |
| GLD turnover | ≈$17.1bn | High liquidity |
| GLD creations | $1.2bn | Fresh demand |
| Metals ETF creations | $1.3bn | GLD share ≈92% |
Turnover is price multiplied by volume; creations are reported primary-market flows.
| Asset | August 25 | Read-through |
|---|---|---|
| Spot gold | High $4,696.18 | Safe-haven bid |
| Silver | $68.86 | Near-flat |
| U.S. 10-year | 4.638% | Lower carry hurdle |
| Dollar index | Broadly steady | Yield move dominated |
| China net imports | 56.193 tonnes | +11% in July |
| Trigger | Likely gold pressure |
|---|---|
| Softer PCE, lower yields | Supportive |
| Hotter PCE, stronger dollar | Negative |
| Persistent ETF creations | Supportive |
| Geopolitical easing | Negative |
The breakout case now needs confirmation from rates and fund flows. A clean hold above $4,700 would extend August's trend. A reversal in yields would expose a crowded trade after a 14%-plus monthly gain.
Sources: Reuters gold market · Reuters cross-asset close · GLD data · ETF flows. Figures timestamped above; prices may differ by contract and venue.
Shares of NuScale Power Corporation surged 9.78% to close at $9.94 on Tuesday, boosting its market capitalization by approximately $379 million.
Market snapshot: August 25, 2026, 14:21 EDT · Regular session
The shares remain 82.7% below their $57.42 high. The 13-analyst average target implies 19.2% upside.
Fresh catalyst
NuScale deployed Nuclearn AtomAssist and NPX across engineering and knowledge management.
Proof-of-concept search-time reduction: up to 80%.
No customer contract, order value, revenue or savings target was disclosed.
| Signal | Value | Investor read |
|---|---|---|
| Q2 revenue | $75K | ≈99% below estimate |
| Session value gain | ≈$379M | >5,000× Q2 revenue |
| Liquidity | $1.9B | 44.6% of market cap |
| ATM authorization | Up to $750M | 17.6% of market cap |
| Module output | 77 MWe | Up to 924 MWe for 12 modules |
| Reference | Target |
|---|---|
| Cantor · Buy | $20.00 |
| Texas Capital · Buy | $12.00 |
| RBC · Hold | $10.00 |
| Citi · Sell | $6.50 |
Consensus: 5 Buy, 7 Hold, 1 Sell.
Internal efficiency is not the same as customer revenue. The proof-of-concept result may not translate into lower project costs. Licensing, financing, manufacturing readiness and binding customer commitments remain the larger valuation tests. Sector-wide strength also amplified Tuesday's move: Oklo rose 12.8% and Nano Nuclear Energy gained 6.4% in the same snapshot.
Sources: NuScale Power releases dated August 5 and August 25, 2026; SEC filing dated August 11, 2026; Google Finance market and analyst data captured August 25, 2026, 14:21 EDT. Calculations use displayed figures and may differ because of rounding.
Shares of Rubrik, Inc. slid around 7% on Tuesday, wiping out nearly $1.45 billion in market capitalization.
NYSE: RBRK · Fiscal Q2 2027 setup · Market snapshot: August 25, 2026, 14:33 EDT
The chart uses verified closes through Aug. 21 and the Aug. 25 intraday snapshot. The stock remains about 26% above its July 31 close despite Tuesday's drop.
| Metric | Latest / guide | Signal |
|---|---|---|
| Q1 revenue | $387.1M; +39% YoY | Growth |
| Q1 subscription ARR | $1.57B; +32% YoY | Core demand |
| Q1 free cash flow | $73.6M; 19% margin | Leverage |
| Q2 revenue guide | $395M–$397M | +27.7% YoY at midpoint |
| Q2 adjusted EPS guide | $0.03–$0.05 | Profitable |
| FY27 revenue guide | $1.638B–$1.648B | Valuation base |
| FY27 free-cash-flow guide | $293M–$303M | ≈18.1% midpoint margin |
| Firm / sample | Rating | Target | Implied move |
|---|---|---|---|
| Wells Fargo | Overweight | $120 | +31.9% |
| Oppenheimer | Outperform | $120 | +31.9% |
| Cantor Fitzgerald | Overweight | $120 | +31.9% |
| KeyBanc | Overweight | $112 | +23.1% |
| 27-analyst consensus | Strong Buy | $103.07 | +13.3% |
ARR growth below expectations, cautious forward guidance, or heavier investment could compress the revenue multiple. The stock's August rally also raises the threshold for a favorable post-earnings reaction.
Sources: Rubrik investor relations, Yahoo Finance, Wells Fargo research summary, S&P Global analyst compilation and company guidance. Time-sensitive market figures are stamped August 25, 2026, 14:33 EDT.
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