
NEW YORK, August 28, 2026, 13:37 EDT – Exascale Labs opened on the Nasdaq with its shares rising 12%, as the company debuted with $12 million in cash on hand and a project pipeline valued at $300 million.
Exascale Labs drew heavy trading on its first Nasdaq session. The valuation case now rests on converting a large reported pipeline while funding an asset-heavy GPU capacity strategy.
| Quarter | Revenue |
|---|---|
| Q4 2023 | $0.068m |
| Q1 2024 | $0.479m |
| Q2 2024 | $0.770m |
| Q3 2024 | $1.171m |
| Q4 2024 | $1.442m |
| Q1 2025 | $2.160m |
| Q2 2025 | $2.242m |
| Q3 2025 | $3.262m |
| Q4 2025 | $3.545m |
The company reported 64% average quarterly growth across this sequence. FY2025 revenue totaled $7.0 million.
A three-year agreement committed about $71.4 million to dedicated GPU capacity. It is a procurement obligation, not customer revenue.
Shareholders approved the combination. Roughly $12 million remained in trust after redemptions, before transaction expenses.
The business combination closed. Management cited a qualified pipeline exceeding $300 million.
XLAB shares and XLABW warrants began Nasdaq trading.
Sources: MarketWatch market data; closing announcement; SEC filing on trust cash; SEC investor presentation; GPU capacity agreement. Financial figures reflect company disclosures and are not forecasts.
NASDAQ: CHAI · Mobile games and advertising analytics
| Metric | Q2 2026 | Q2 2025 | YoY |
|---|---|---|---|
| Revenue | $22.35m | $14.34m | +55.8% |
| Gross profit/(loss) | ($0.01m) | ($0.40m) | 97.2% narrower |
| Net loss | ($1.62m) | ($0.76m) | +114% |
| H1 revenue | $26.12m | $28.85m | -9.5% |
| H1 operating cash flow | $5.45m | ($2.42m) | Turned positive |
Using the original 264.4M-share model, $14.50 implies an illustrative $3.83B equity value—not a verified current market cap.
| Measure | Reading | Investor interpretation |
|---|---|---|
| 2025 commercial revenue | €16.5M | 4.7× 2024 level |
| 2025 total revenue incl. grants | €23.7M | Grants remain material |
| Booked / awarded business | >€66M | >4.0× commercial revenue |
| Illustrative equity value | $3.83B | ≈200× 2025 commercial revenue* |
| Cash per modeled share | ≈$1.36 | Based on $360M / 264.4M |
| Company | Price | Day | Market value |
|---|---|---|---|
| Pasqal | $14.50 | +48.12% | Debut; share count unsettled |
| IonQ | $39.17 | −7.75% | $14.42B |
| Rigetti | $15.63 | −4.93% | $5.20B |
| D-Wave | $16.81 | −6.12% | $6.23B |
| Quantum Computing | $8.16 | −5.72% | $1.83B |
ASIA FINAL MINUTES · SATURDAY, 29 AUGUST 2026 SGT
KASE Global is repricing US-listed shares into its Friday close: PayPal, Qualcomm and Nvidia lead losses while Microsoft and Amazon advance. Earlier Asian benchmarks remain sharply divided.
AI exposure paid in Taiwan, Japan and India, but the same theme magnified Korea's profit-taking.
India rose with 10 of 16 sectors lower; mainland China and Korea closed negative despite gains elsewhere.
KASE's 21:49 board shows PayPal down 12.14%, Qualcomm 8.05% and Nvidia 4.05%, while Microsoft rises 3.31%.
Official KASE Global board updated at 21:49 ALMT and accessed at 21:52. Prices and one-day changes are venue-published snapshots, not a guarantee of continuous two-way liquidity. Session closes at 22:00 ALMT / 01:00 SGT. Official KASE Global board ↗
India's IT surge hid weak sector breadth, while Korea's chip-heavy benchmark ended a three-session rally with the region's sharpest fall.
Warsh's inflation warning shifted the immediate risk from earnings dispersion to policy repricing. Reuters US policy coverage ↗
A $3.1B pullback leaves most of the earnings rerating intact.
Friday retraced about 29% of Thursday’s estimated $10.6B market-value gain.
| Measure | Latest | Signal |
|---|---|---|
| Q3 revenue | $2.477B | +42% YoY |
| GAAP net income | $545.8M | +125% YoY |
| Non-GAAP EPS | $3.91 | Above guide |
| FY revenue midpoint | $9.715B | Raised |
| Operating cash-flow target | ≈$2.8B |
| Free cash-flow target | ≈$2.6B |
| FCF / revenue midpoint | 26.8% |
| Average analyst target | $544.97 |
| Target upside | ≈21% |
Ansys integration costs, slower EDA demand and weaker cash conversion could compress the earnings multiple. The gap between 41.5% non-GAAP and 10.4% GAAP operating-margin guidance remains large.
Q4: $2.530B–$2.580B revenue and $4.10–$4.16 non-GAAP EPS. Full year: $15.04–$15.10 non-GAAP EPS and approximately $2.6B free cash flow.
Sources: Synopsys fiscal Q3 release and financial supplement; market data at 11:33:12 EDT; analyst consensus accessed Aug. 28. Market-value changes are estimates derived from reported price moves and current capitalization. Not investment advice.
The market priced an AI-infrastructure plan before contracts.
| Measure | Figure | Status |
|---|---|---|
| Lyken.AI ownership | 9.9% | Acquired |
| FNGR shares issued | 1,674,480 | Restricted |
| Cash paid | $0 | Equity-funded |
| B300 nodes | 128 | Nonbinding MOU |
The rally values execution that has not occurred. No site, power, customer or project-financing agreement is definitive. The Lyken customer memorandum is nonbinding. Equity consideration dilutes holders, while micro-cap liquidity can reverse quickly.
Illustrative milestone completion: strategy disclosed; four core contractual steps remain.
Sources: FingerMotion announcement and June 8-K; Aug. 28 filing summary; market data at 11:26:07 EDT. Implied prior market cap and value added are calculations from current market cap and the 261.7% price move. Not investment advice.
Reuters reported Nvidia paused some credit-support deals that exchanged financing help for cloud-revenue participation.
Nvidia said the broader compute-access model remains in place and continues to evolve.
| Metric | Value | Signal |
|---|---|---|
| Revenue | $1.93M | +412% YoY |
| Adjusted EBITDA | $0.59M | Positive |
| Net loss | −$430.4M | Mostly non-cash |
| Cash | $1.861B | Build-out buffer |
| Current note liabilities | $1.007B | Financing weight |
| Checkpoint | Why it matters |
|---|---|
| Financing terms | Determines deployment cost and equity dilution |
| GPU acceptance | Triggers capacity availability and revenue |
| Customer utilization | Turns reserved capacity into billed sales |
| Contract amendments | Tests whether Nvidia's pause reaches SharonAI |
| Cash burn | Measures runway during infrastructure ramp |
The stock move values implementation risk, not simply demand. SharonAI's SEC filing already says deployments need additional debt or equity financing and face phased acceptance tests.
Key question: can $8.8 billion of contracted value convert into revenue without costly new capital?
| Metric | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Total revenue | $928.0M | $789.1M | +18% |
| Subscription revenue | $766.8M | $659.2M | +16% |
| GAAP operating income | $275.0M | $195.9M | +40% |
| GAAP net income | $273.4M | $200.3M | +37% |
| Adjusted EPS | $2.35 | $1.99 | +18% |
Recurring subscription growth and restrained cost expansion drove the earnings leverage.
Vault CRM conversions and Falcon deployments are the clearest operating tests behind the AI narrative.
Recurring growth versus weaker per-share profit expectations
Premarket: August 28, 2026, 09:30 EDT · Results: fiscal Q2 ended July 31, 2026| Metric | New | Previous / consensus |
|---|---|---|
| Q3 revenue | $309M–$311M | $310M consensus |
| Q3 adjusted EPS | $0.08–$0.09 | $0.10 consensus |
| FY revenue | $1.202B–$1.207B | $1.195B–$1.205B |
| FY operating income | $124M–$128M | $115M–$125M |
| FY adjusted EPS | $0.30–$0.32 | $0.32–$0.38 |
| FY diluted shares | 361M | 350M |
Bar lengths normalize the displayed growth rates to a 25% scale.
| Non-GAAP operating margin | 10% | 2% year ago |
| Non-GAAP net margin | 10% | 5% year ago |
| GAAP gross margin | 72% | 75% year ago |
| Non-GAAP gross margin | 77% | 79% year ago |
| GAAP net margin | −32% | −30% year ago |
Change in guidance midpoints versus the prior company outlook.
The selloff reflects a quality-of-earnings question. ARR and revenue still grow above 20%, and adjusted operating margin reached a record 10%. Yet a larger diluted share count and lower EPS range mean that improved operations are not translating cleanly into per-share earnings.
| Cash and investments | $813M |
| Q2 free cash flow | −$13.2M |
| Six-month operating cash flow | $31.9M |
| Six-month free cash flow | $17.5M |
| GAAP Q2 net loss | $93.4M |
| Consensus | Overweight |
| Buy / Overweight | 22 |
| Hold | 16 |
| Average target | $22.98 |
| Target range | $15.50–$28.00 |
Average target implies roughly 8% upside from the 09:30 EDT premarket price.
Sources: SentinelOne fiscal Q2 2027 release and filings; MarketWatch; Public premarket data; Investor’s Business Daily; WSJ/FactSet. Extended-hours prices can be thin and volatile.
| Metric | Q2 FY27 | YoY |
|---|---|---|
| Billings | $1.854B | +10% |
| Revenue | $2.046B | +16% |
| GAAP operating margin | 29% | +4 pts |
| Adjusted margin | 41% | +2 pts |
| Adjusted EPS | $3.30 | +$0.68 |
| Current RPO | $5.245B | +12% |
| Total RPO | $7.433B | +2% |
| Deferred revenue | $4.258B | +11% |
| Unbilled deferred revenue | $3.175B | -8% |
Lower multi-year discounts support pricing but temporarily weigh on long-duration RPO.
| Revenue | $8.295B–$8.345B |
| Billings | $8.575B–$8.650B |
| Adjusted margin | ≈39% |
| Adjusted EPS | $12.52–$12.60 |
| Free cash flow | $2.725B–$2.750B |
Free cash flow includes about $45M of MaintainX transaction expenses.
Autodesk is expanding revenue, current backlog and margins. The selloff says the market wants that strength to reach per-share profit faster. MaintainX can deepen the platform, but its integration now sets the next execution hurdle.
Sources: Autodesk Aug. 27, 2026 earnings release and opening commentary; MarketWatch; Barron’s; MarketBeat. Market figures may be delayed. Informational only.
Management lifted fiscal 2027 guidance by about $500 million and fiscal 2028 guidance by about $1.5 billion.
| Metric | Q2 FY27 | Signal |
|---|---|---|
| Revenue | $2.739B | +37% |
| Adjusted EPS | $0.94 | $0.93 est. |
| GAAP net income | $308M | +58% |
| Operating cash flow | $605.5M | 22.1% margin |
| Non-GAAP gross margin | 58.9% | Profitable scale |
| Signal | Current view | Investor meaning |
|---|---|---|
| Q3 revenue | $3.15B ±5% | More than 50% growth implied |
| Q3 adjusted EPS | $1.10 ±$0.05 | Above Q2 run-rate |
| Google contribution | Some through FY28 | Larger in FY29 |
| Investor Day | Oct. 6, 2026 | Next major detail point |
The median target offers roughly 22% upside from premarket. Forward P/E is 58.4×, versus 32.2× for Broadcom.
The selloff reversed part of Thursday’s 11.3% surge. Premarket price remained 3.9% above Wednesday’s close, supporting an expectations-reset reading.
| Metric | Q2 FY27 | Signal |
|---|---|---|
| Revenue | $427.3M | +38% |
| Subscription revenue | $407.2M | +37% |
| Cloud ARR | $1.48B | +39% |
| $100K+ ARR customers | 3,084 | +23% |
| Free cash flow | $65.7M | 15% margin |
| Fiscal 2027 | New range | Prior range |
|---|---|---|
| Revenue | $1.685B–$1.693B | $1.638B–$1.648B |
| Adjusted EPS | $0.47–$0.53 | $0.25–$0.35 |
| Subscription ARR | $1.880B–$1.885B | Raised |
| Free cash flow | $323M–$333M | Raised |
Twenty-eight analysts tracked by StockAnalysis rate the shares Buy or Strong Buy. New post-results targets included $115, $120 and $130.
| Metric | Q2 FY27 | YoY |
|---|---|---|
| Revenue | $805M | +11% |
| Subscription revenue | $793M | +12% |
| RPO | $4.858B | +17% |
| cRPO | $2.585B | +14% |
| GAAP operating income | $107M | +161% |
| Free cash flow | $227M | +40% |
| Period | Metric | Guidance |
|---|---|---|
| Q3 FY27 | Revenue | $813M–$817M |
| Q3 FY27 | cRPO | $2.590B–$2.600B |
| Q3 FY27 | Operating margin | 24%–25% |
| FY27 | Revenue | $3.216B–$3.226B |
| FY27 | Free cash flow | $910M–$930M |
| FY27 | FCF margin | 28%–29% |
Okta’s rally rests on a measurable combination: faster near-term backlog growth, a doubled GAAP operating margin and 28% free-cash-flow conversion. The stock now prices in continued cRPO expansion and little tolerance for a guidance miss.
Record net new ARR and stronger cash conversion pushed the stock near fresh highs. The valuation now leaves less room for a routine quarter.
Market close: Aug. 27, 2026, 16:00 EDT · Financials: quarter ended July 31, 2026The pre-report reference is inferred from the 20.5% one-day move. Closing data are timestamped Aug. 27, 2026, 16:00 EDT.
Net new ARR accelerated faster than total ARR. Falcon Flex ARR exceeded $2.29B and grew 101%, showing larger platform commitments rather than a narrow seat expansion.
| Revenue guide midpoint | $6.001B |
| Prior midpoint | $5.935B |
| Guide increase | $66M |
| Q3 revenue midpoint | $1.526B |
| Metric | Q2 FY27 | Change |
|---|---|---|
| Revenue | $1.471B | +26% |
| Subscription revenue | $1.400B | +27% |
| GAAP subscription margin | 78% | +1 pt |
| Operating cash flow | $530.3M | +59% |
| Free cash flow | $377.4M | +33% |
| GAAP operating loss | ($33.2M) | improved $72.3M |
Adoption rates among subscription customers as of July 31, 2026.
| Company | Ticker | Daily move |
|---|---|---|
| Okta | OKTA | +28.6% |
| CrowdStrike | CRWD | +20.5% |
| Palo Alto Networks | PANW | +12.8% |
| ServiceNow | NOW | +10.0% |
Software and security stocks also benefited from renewed AI spending confidence.
| Implied equity value | ~$238B |
| FY27 guide midpoint multiple | ~39.7× sales |
| Raised analyst targets | $238–$250 |
| Upside to target range | 4.4%–9.7% |
| Consensus | Buy · 44 analysts |
Equity value uses $227.96 and 1.044B diluted weighted-average shares. It is an approximation, not the exchange-reported market capitalization.
Valuation risk is immediate: raised price targets sit close to the market price.
Other watchpoints: long enterprise sales cycles, intense platform competition, acquisition integration, and $399.0M of quarterly stock-based compensation.
Cost controls and a 15% workforce reduction lifted the earnings outlook. Revenue grew just 0.8%, leaving shares almost unchanged after hours.
Q2 FY2027Reported Aug. 27, 2026The margin expansion is the dominant signal. Customer and recurring-revenue growth remain modest.
| Metric | New | Prior | Midpoint change |
|---|---|---|---|
| FY revenue | $491.5M–$496.5M | $488.5M–$496.5M | +0.3% |
| FY adj. EPS | $1.33–$1.37 | $1.27–$1.32 | +4.2% |
| Q3 revenue | $123M–$125M | — | New |
| Q3 adj. margin | 26.5%–27.5% | — | New |
Bull case: The restructuring protects cash generation and supports a higher EPS range. Q2 beat revenue guidance, and free cash flow improved.
Bear case: ARR grew only 0.4% and retention stayed below 100%. The stock already trades above the average analyst target.
Watch next: Q3 revenue of $123M–$125M, adjusted margin of 26.5%–27.5%, retention and the pace of restructuring charges.
| Metric | Q1 FY2027 | Change / reference |
|---|---|---|
| Total subscription revenue | $449M | +15% |
| Sales-led subscription revenue | $399M | +18% |
| Total RPO | $1.854B | +27% |
| Net expansion rate | ~111% | Stable expansion signal |
| Non-GAAP operating margin | 16.2% | $77M income |
| GAAP operating margin | -5.0% | $24M loss |
Consensus: 24 analysts. Targets may reset after the earnings release.
The fundamentals beat estimates, but not elevated AI expectations. Q3 revenue guidance exceeded consensus by about 4%, while the non-GAAP gross-margin midpoint falls 90 basis points sequentially.
| Metric | Q2 FY26 | Q2 FY27 | YoY |
|---|---|---|---|
| Revenue | $2.006B | $2.739B | +36.5% |
| GAAP operating income | $290.1M | $459.7M | +58.5% |
| GAAP gross margin | 50.4% | 53.1% | +270 bp |
| Operating cash flow | — | $605.5M | — |
| Metric | Guide midpoint | Consensus | Premium |
|---|---|---|---|
| Revenue | $3.15B | $3.03B | +4.0% |
| Adjusted EPS | $1.10 | $1.07 | +2.8% |
| Non-GAAP gross margin | 58.0% | — | −90 bp QoQ |
Revenue midpoint implies roughly 15% sequential growth.
Watch: custom-silicon ramps, optical demand, customer concentration, supply, gross-margin conversion and cash returns.
| Operating ARR | $1.0B |
| Contracted 2026 ARR | $4.0B |
| 2026 IT capacity | ~0.3GW |
| 2027 IT capacity target | ~0.8GW |
| Recent revenue / MW | >$20M |
| Customer prepayments | 45–55% GPU capex |
| Metric | FY25 | FY26 | Change |
|---|---|---|---|
| Total revenue | $501.0M | $707.0M | +41.1% |
| AI Cloud revenue | $16.4M | $128.8M | +685% |
| Adjusted EBITDA | $269.7M | $245.7M | -8.9% |
| Net income/(loss) | $86.9M | -$702.6M | NM |
| Regular close | $40.53 |
| After-hours | $38.11 |
| Implied value change | ~-$865M |
| 52-week range | $22.63–$76.87 |
| Ratings | 7 Buy / 2 Hold / 1 Sell |
| Average target | $77.44 |
Watch: quarterly adjusted EBITDA fell 67.7% sequentially as staffing and platform costs arrived before the revenue ramp. Deferred revenue drove $1.722 billion of quarterly operating cash flow.
Market snapshot: August 27, 2026, 17:30 EDT · Quarter ended July 31
Bar lengths are normalized within each comparison, not a common scale.
| Metric | Current | Investor signal |
|---|---|---|
| Q3 subscription revenue | ~$2.515B | Broadly in line |
| FY subscription revenue | $9.94–$9.95B | Tiny midpoint raise |
| New buyback authorization | $4.0B | ~9% of AH value |
| After-hours value loss | ~$3.3B | 7.02% move |
| Consensus | Outperform |
| Analysts | 41 |
| Average target | $188.21 |
| Median target | $202.00 |
| Target range | $92–$275 |
| Upside to average | 4.6% |
Watch enterprise IT budgets, large-deal timing, AI pricing, Financials adoption and acquisition speculation. Extended-hours liquidity can amplify the move.
The catalysts most likely to move markets.
Policy tone can move rates, USD, equities, gold and crypto simultaneously.
A weak final reading or elevated inflation expectations could pressure risk assets.
A surprise versus 58.0 may alter the near-term manufacturing-growth narrative.