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SoftBank reported first-quarter profit of $2.2 billion, exceeding expectations, driven primarily by an $8.2 billion gain on its Intel stake as its Vision Funds saw limited gains from OpenAI.
Rheinmetall trimmed its 2026 full-year sales guidance to 13.7-14.2 billion euros, citing Germany’s cancellation of its F126 warship program, though first-half sales and profits grew substantially.
Grindr reported second-quarter revenue of $138 million, up 33% year-over-year, as its AI strategy drives both consumer features and engineering efficiency gains.
Sweetgreen cut its full-year outlook due to cyclospora outbreak fears affecting fresh produce demand, with shares falling over 15% in extended trading despite no direct implication in the outbreak.
Berkshire Hathaway’s operating earnings rose 16% in the second quarter, with CEO Greg Abel beginning to deploy the company’s record cash hoard through increased buybacks and equity purchases.
Tencent reported a 65% surge in capital expenditures to 52.8 billion yuan in the second quarter as it invests heavily in AI infrastructure, with executives defending the move by touting potential superior long-term returns.
