$AMD $OPEN $SMCI

AMD Non-GAAP EPS of $0.48 in-line, revenue of $7.69B beats by $260M Aug. 05, 2025

AMD press release (NASDAQ:AMD): Q2 Non-GAAP EPS of $0.48 in-line.
Revenue of $7.69B (+31.7% Y/Y) beats by $260M.
For the third quarter of 2025, AMD expects revenue to be approximately $8.7 billion, plus or minus $300 million vs. $8.32B consensus. At the mid-point of the revenue range, this represents year-over-year growth of approximately 28% and sequential growth of approximately 13%. Non-GAAP gross margin is expected to be approximately 54%. Our current outlook does not include any revenue from AMD Instinct MI308 shipments to China as our license applications are currently under review by the U.S. Government.

Opendoor Technologies GAAP EPS of -$0.04 misses by $0.01, revenue of $1.6B beats by $100M
Aug. 05, 2025

Opendoor Technologies press release (NASDAQ:OPEN): Q2 GAAP EPS of -$0.04 misses by $0.01.
Revenue of $1.6B (+6.0% Y/Y) beats by $100M.
Shares -19.84%.
Gross profit of $128 million, versus $129 million in 2Q24 and $99 million in 1Q25; Gross Margin of 8.2%, versus 8.5% in 2Q24 and 8.6% in 1Q25
Net loss of $(29) million, versus $(92) million in 2Q24 and $(85) million in 1Q25
Inventory balance of $1.5 billion, representing 4,538 homes, down (32)% versus 2Q24 and down (35)% versus 1Q25
Purchased 1,757 homes, down (63)% versus 2Q24 and down (51)% versus 1Q25
Ended the quarter with 393 homes under contract for purchase, down (78)% versus 2Q24 and down (63)% versus 1Q25
Non-GAAP Key Highlights*
Contribution Profit of $69 million, versus $95 million in 2Q24 and $54 million in 1Q25; Contribution Margin of 4.4%, versus 6.3% in 2Q24 and 4.7% in 1Q25
Adjusted EBITDA of $23 million, versus $(5) million in 2Q24 and $(30) million in 1Q25; Adjusted EBITDA Margin of 1.5%, versus (0.3)% in 2Q24 and (2.6)% in 1Q25
Adjusted Net Loss of $(9) million, versus $(31) million in 2Q24 and $(63) million in 1Q25
*See “—Use of Non-GAAP Financial Measures” below for further details and a reconciliation of such non-GAAP measures to their nearest comparable GAAP measures.
Third Quarter 2025 Financial Outlook
3Q25 revenue guidance of $800 million to $875 million
3Q25 Contribution Profit1 guidance of $22 million to $29 million
3Q25 Adjusted EBITDA1 guidance of $(28) million to $(21) million
Q3 revenue consensus is $1.20B
FY revenue consensus of $4.89B

Super Micro Computer Non-GAAP EPS of $0.41 misses by $0.03, revenue of $5.8B misses by $110M
Aug. 05, 2025

Super Micro Computer press release (NASDAQ:SMCI): Q4 Non-GAAP EPS of $0.41 misses by $0.03.
Revenue of $5.8B (+9.2% Y/Y) misses by $110M.
The Company expects net sales of $6.0 billion to $7.0 billion for the first quarter of fiscal year 2026 ending September 30, 2025, GAAP net income per diluted share of $0.30 to $0.42 and non-GAAP net income per diluted share of $0.40 to $0.52. The Company’s projections for GAAP and non-GAAP net income per diluted share assume a tax rate of approximately 13.0% and 15.5%, respectively, and a fully diluted share count of 631 million shares for GAAP and fully diluted share count of 644 million shares for non-GAAP.
For fiscal year 2026, the Company expects net sales of at least $33.0 billion vs $22.13B consensus
Shares -12%.
Rivian misses Q2 expectations, lowers FY25 profit guidance
Aug. 05, 2025
Shares of Rivian (NASDAQ:RIVN) are losing ground in Tuesday’s after-hours trading after the electric vehicle manufacturer reported weaker-than-expected second quarter profits and lowered its adjusted EBITDA guidance for FY25.

Selling pressure was blunted, however, by slightly better than expected second quarter sales.

As a result of higher operating expenses, the company reported an adjusted loss of $0.80 per share, narrowing from a loss of $1.46 per share a year ago, but $0.16 worse than Wall Street expected. Adjusted EBITDA loss also narrowed from a year ago to $(667M) but was almost double the adjusted EBITDA loss posted last quarter.

Total revenue of $1.30B was down 12.5% from a year ago but above $1.29B estimates.

On the balance sheet, the company was free cash flow negative by $398M, an improvement from $(1.04B) in Q2 2024.

The company produced 5,979 vehicles at its Normal, Illinois manufacturing facility and delivered 10,661 vehicles, a decline of 37% and 22% year-over-year, respectively. Production during the quarter for both R1 products and commercial vans was limited primarily due to supply chain complexities, partially a result of shifting U.S. trade policy.

“While Rivian believes its long-term opportunity to drive meaningful growth and profitability remains strong, some of the recent policy actions had had and are expected to continue to have an impact on its results and cash flows of its business,” CEO RJ Scaringe said in a statement.

Because of some of the recent changes associated with regulatory credits and its second quarter performance, Rivian now expects to report an adjusted EBITDA loss of $2M to $2.25M from previous guidance for a loss of $1.7M to $1.9M. The company continues to expect to deliver 40,000 to 46,000 vehicles in FY25.

Capital expenditures target remains at $1.8M to $1.9M.