Earnings

Cisco reported strong Q1 2025 results, exceeding expectations for both revenue ($14.88B) and EPS ($1 adjusted). Overall revenue grew 8% YoY, driven by a 15% surge in the networking segment. AI infrastructure orders reached $1.3 billion, highlighting Cisco’s strategic positioning. While security and collaboration segments saw declines, Cisco anticipates robust Q2 revenue ($15-$15.2B) and raised its full-year outlook, driven by AI and networking demand. Cisco shares are up 25% year-to-date.

November faced market headwinds despite its historical strength. The S&P 500, Dow, and Nasdaq all declined, with AI stock valuations under scrutiny. Concerns about a potential bubble are rising, echoed by DBS and Goldman Sachs. Conversely, analysts see market pullbacks as buying opportunities, while UBS notes reassuring earnings. China eased rare earth export restrictions and progressed on the Nexperia issue, and the U.S. government shutdown nears resolution. Finally, a global wealth boom is fueling a rise in family office imposters preying on investors.

Airbnb’s Q3 earnings surpassed revenue expectations, boosting shares. Revenue rose 10% year-over-year to $4.10 billion, exceeding the $4.08 billion estimate. EPS was $2.21, slightly below the expected $2.34. The company anticipates Q4 revenue between $2.66 billion and $2.72 billion, exceeding estimates. Nights and experiences booked increased by 9% to 133.6 million. Gross booking value reached $22.9 billion, a 14% increase. Adjusted EBITDA hit a record $2.1 billion. New features and AI integration are driving growth.

Robinhood (HOOD) shares experienced volatility despite Q3 earnings exceeding expectations. Revenue doubled year-over-year, reaching $1.27 billion, with EPS at 61 cents. Net income soared to $556 million. Transaction-based revenue, however, was slightly below estimates. The company’s diversification strategy, including Prediction Markets and the acquisition of Bitstamp, contributes significantly to revenue and aims to challenge traditional wealth management firms. User growth and engagement remain key for long-term success in a competitive market.

DoorDash (DASH) Q3 revenue beat estimates, but earnings missed due to planned 2026 spending, causing a 9% stock drop. Revenue grew 27%, with total orders surging to 776 million. Investment focuses on a new global tech platform and automation, including the “Dot” robot. DoorDash projects Q4 Adjusted EBITDA below analysts’ expectations. The recent Deliveroo acquisition for $3.9 billion marks a significant international expansion, with anticipated contribution to EBITDA in Q4 and 2026.

Despite reporting better-than-expected Q3 revenue ($13.47B vs. $13.28B expected) and strong growth (revenue up 20% YoY), Uber shares fell 5%. Key highlights included EPS of $3.11, a 22% increase in trips to 3.5 billion, and a surge to 189 million monthly active platform consumers. Net income nearly tripled to $6.6B, boosted by tax and investment benefits. Uber anticipates Q4 gross bookings of $52.25B-$53.75B and adjusted EBITDA of $2.41B-$2.51B. CEO Khosrowshahi emphasized innovation, affordability, and AI integration as drivers of future growth.

Berkshire Hathaway Inc. (BRK.A; BRK.B) announced its Q3 and first nine months 2025 operating results. Net earnings attributable to Berkshire shareholders were $30.796 billion for Q3 2025, compared to $26.251 billion for Q3 2024. For the first nine months, the net earnings were $47.769 billion in 2025 and $69.301 billion in 2024. The company advises investors to review the 10-Q filing for a comprehensive understanding and cautioned against relying solely on the press release.

Amazon’s Q3 earnings exceeded expectations, driving shares up nearly 11%. Cloud sales (AWS) surged 20% to $33 billion, contributing significantly to operating profit. Digital advertising revenue jumped 24% to $17.7 billion. Total sales increased 13% to $180.17 billion, with EPS at $1.95. Amazon raised its spending forecast to $125 billion for AI, demonstrating its commitment to the sector. Despite strong performance, 14,000 corporate employees will be laid off as part of a restructuring effort focused on efficiency. Q4 sales are projected between $206 billion and $213 billion.

Alphabet’s Q3 earnings report exceeded expectations, sending shares up 4%. Revenue hit $102.35 billion, a first for the company. Increased capital expenditure, now projected at $91-93 billion, reflects investment in AI infrastructure and Google Cloud’s growth. Google Cloud backlog reached $155 billion. Analysts see Alphabet addressing AI concerns and revised price targets upwards, with Goldman Sachs setting a $330 target and JPMorgan $340, highlighting confidence in Alphabet’s execution and AI’s positive impact on Google Search revenue.

Apple (AAPL) reported strong fiscal Q4 2025 earnings, exceeding expectations with EPS of $1.85 and revenue of $102.47 billion. While iPhone revenue slightly missed estimates, Mac and Services revenue beat expectations, driving overall growth. CEO Tim Cook anticipates a minimum 10% revenue increase for the December quarter, fueled by strong iPhone 17 demand. The company reported $416 billion in total revenue for fiscal year 2025, a 6% increase year-over-year. Supply chain constraints and tariffs impacted specific product lines, but Apple absorbed the tariff costs.