Super Micro Computer: misses; stock hammered; down 10% after the earnings report.
Skyworks: beat top and bottom line; analog radio receiver; biggest customer: Apple; increased their dividend; guidance, better; up 7% after report came out. I got into Skyworks early based on "the blog" but got out of Skyworks early. at best I broke even.
Amgen: results here.
- For the second quarter, total revenues increased 9% to $9.2 billion in comparison to the second quarter of 2024.
- Product sales grew 9%, driven by 13% volume growth, partially offset by 3% lower net selling price.
- Fifteen products delivered at least double-digit sales growth in the second quarter, including Repatha® (evolocumab), EVENITY® (romosozumab-aqqg), IMDELLTRA® (tarlatamab-dlle)/IMDYLLTRA™ (tarlatamab), BLINCYTO® (blinatumomab), TEZSPIRE® (tezepelumab-ekko), UPLIZNA® (inebilizumab-cdon) and TAVNEOS® (avacopan).
- GAAP earnings per share (EPS) increased 92% from $1.38 to $2.65, primarily driven by higher revenues. GAAP operating income increased from $1.9 billion to $2.7 billion, and GAAP operating margin increased 6.6 percentage points to 30.3%.
- Non-GAAP EPS increased 21% from $4.97 to $6.02, primarily driven by higher revenues, partially offset by higher operating expenses.
- Non-GAAP operating income increased from $3.9 billion to $4.3 billion, and non-GAAP operating margin increased 0.7 percentage points to 48.9%.
- The Company generated $1.9 billion of free cash flow in the second quarter of 2025 versus $2.2 billion in the second quarter of 2024, driven by 2024 tax payments deferred to 2025 and higher capital expenditures, partially offset by business performance.
Rivian results: shares down 4%. A bad report. The losses are expected to get even worse than expected for the full year. CEO blaming tariff / trade policy; could get the rare/heavy earth metals from China that it needed; cut production.
- Production
- 1Q: 14,000 units
- 2Q: 6,000 units
- obvious question: why weren't they stockpiling rare / heavy earth metals
- Loss:
- previous estimate, loss for this year: $1.7 billion
- now, guidance for loss for this. year: $2.5 billion
- R2: starts at $45,000
- the interview with the CEO on CNBC did not install much confidence;
Lucid:
AMD:
- EPS misses: but shares hold up
- revenue in line: $3.24 billion
- Lisa Su will be on CNBC tomorrow morning at 8:00 a.m. CT
AMD / NVDA: Note year-to-date:
- AMD doing better than Nvidia, completely unexpected:
