Copy of SpaceX Earns Billions But Burns Billions More; Palantir's Path To Infinite Growth; SanDisk's Suffering From It's Own Success; And Nice One NASCON
- Dipo Owolabi
- 3 hours ago
- 5 min read
The AI boom continues to drive another blockbuster earnings season across aerospace, software and semiconductors. SpaceX delivered a strong public earnings debut as soaring Starlink demand helped it beat revenue expectations, while Palantir extended its AI-fuelled growth streak on the back of booming government and enterprise demand. However, SanDisk showed the uneven nature of the memory market, with a weak revenue outlook overshadowing an earnings beat. Back home, NASCON reported a solid first half as higher interest income strengthened profitability, while AMD posted another standout quarter with data centre revenue more than doubling on AI demand. . All this and more in today's Read It And Eat! |
Markets as of 6th of August 2026.. Cells in RED mean that the value is down, cells in Green mean the value is up.
MAJOR HEADLINES
SanDisk's Reward For Great Earnings, Is Even Greater Estimates
SanDisk beat quarterly earnings expectations but missed revenue guidance after issuing a weaker-than-expected outlook for the current quarter, according to Yahoo Finance. The memory storage company reported revenue of $8.97 billion, up 51% from the previous quarter, while adjusted earnings also exceeded Wall Street estimates, driven by robust AI-related demand for NAND flash memory. However, management's revenue guidance of $10.3 billion to $10.8 billion for the current quarter fell short of analysts' expectations, overshadowing an otherwise strong set of results.
The weaker guidance raised fresh concerns about the pace of recovery in the memory chip market despite growing AI-related demand. Investors focused on the cautious outlook, sending SanDisk shares down about 13% in after-hours trading as markets questioned whether the industry's recent pricing boom can be sustained. Yahoo.Finance
Palantir Beats Q2 Expectations As Government And Commercial Demand Accelerate
Palantir beat second-quarter earnings and revenue expectations as demand for its artificial intelligence software accelerated across government and commercial customers, according to CNBC. The software company reported $1.94 billion in revenue, ahead of analysts' expectations of $1.80 billion, while earnings per share (EPS) came in at $0.41, beating the consensus estimate of $0.35. The strong quarter was driven by rapid growth in U.S. government contracts and expanding adoption of its Artificial Intelligence Platform (AIP) among enterprise customers.
The results further cement Palantir's position as one of the biggest beneficiaries of the enterprise AI investment boom. Investors welcomed the stronger-than-expected performance and improved outlook, sending shares up roughly 8% in after-hours trading as confidence grows that AI demand will continue supporting the company's rapid expansion. CNBC
SanDisk's Reward For Great Earnings, Is Even Greater Estimates
SanDisk beat quarterly earnings expectations but missed revenue guidance after issuing a weaker-than-expected outlook for the current quarter, according to Yahoo Finance. The memory storage company reported revenue of $8.97 billion, up 51% from the previous quarter, while adjusted earnings also exceeded Wall Street estimates, driven by robust AI-related demand for NAND flash memory. However, management's revenue guidance of $10.3 billion to $10.8 billion for the current quarter fell short of analysts' expectations, overshadowing an otherwise strong set of results.
The weaker guidance raised fresh concerns about the pace of recovery in the memory chip market despite growing AI-related demand. Investors focused on the cautious outlook, sending SanDisk shares down about 13% in after-hours trading as markets questioned whether the industry's recent pricing boom can be sustained. Yahoo.Finance |
NASCON Beats H1 Expectations As Interest Income Fuels Profit Growth
NASCON Allied Industries Plc (National Salt Company of Nigeria) beat first-half earnings expectations as interest income accounted for nearly half of its profit growth during H1 2026, according to Nairametrics. The salt and seasoning producer delivered stronger earnings on the back of resilient core operations and higher finance income generated from elevated interest rates, with treasury returns providing a significant boost to overall profitability.
The results highlight how Nigeria's high interest-rate environment continues to benefit cash-rich corporates by creating an additional earnings stream beyond their core businesses. As borrowing costs remain elevated, companies with stronger liquidity positions are increasingly using investment income to support profitability while navigating inflationary pressures and softer consumer demand.Nairametrics AMD Beats Q2 Expectations As Data Centre Revenue More Than Doubles
Advanced Micro Devices (AMD) beat second-quarter earnings and revenue expectations after data centre sales surged 107% year-on-year, according to CNBC. The chipmaker reported $11.5 billion in revenue (up 13% from the previous quarter), ahead of analysts' expectations of $11.3 billion, while adjusted earnings per share (EPS) came in at $1.66, beating the consensus estimate of $1.62. The strong performance was driven by record sales of EPYC server processors and Instinct AI GPUs as hyperscalers continued expanding artificial intelligence infrastructure.
The results reinforce AMD's growing position as one of the leading challengers to Nvidia in the AI chip market, with enterprise demand for AI computing continuing to accelerate. Despite the earnings beat, AMD shares fell about 4–5% in after-hours trading as investors focused on lofty expectations and management's outlook for the second half of the year. CNBC
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