Tech earnings dominated the week, with several major companies exceeding Wall Street expectations and offering investors fresh details on growth priorities.
Apple delivered a strong quarterly report, while Palantir and AMD also posted earnings beats. Qualcomm pointed toward data center expansion and Nvidia moved to address a critical chip-production bottleneck.
Here’s a conversational look at five of the biggest technology stories from the week.
Apple Clears Expectations
Apple Inc. reported fiscal fourth-quarter revenue of $114.48 billion, topping analyst estimates of $113.39 billion. The iPhone maker also posted earnings of $2.10 per share, above the expected $1.98, while its active installed base reached an all-time high.
Palantir Delivers Another Double Beat
Palantir Technologies Inc. reported third-quarter revenue of $2.31 billion, exceeding estimates of $2.18 billion. The AI software company’s adjusted earnings came in at 44 cents per share, ahead of the 41-cent consensus estimate, and the company raised its guidance.
AMD’s Data Center Business Stands Out
Advanced Micro Devices Inc. reported third-quarter revenue of $13.38 billion, surpassing analyst expectations of $13.09 billion. Adjusted earnings reached $2.09 per share versus estimates of $1.95, while the chipmaker said growth is expected to accelerate during the fourth quarter.
Qualcomm Looks Toward Data Centers
Qualcomm Inc. reported fourth-quarter financial results Wednesday after the market close. The company highlighted a double beat in its quarterly report and looked ahead to the anticipated ramp-up of its data center business, adding another chipmaker to the week’s technology earnings conversation.
Nvidia Funds Advanced Packaging
Nvidia Corp. is reportedly financing billions of dollars in factories and equipment to help overcome a shortage limiting AI chip production. Reuters reported that the money is going to Taiwan’s Siliconware Precision Industries, a subsidiary of ASE Technology Holding Co., citing an industry executive.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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