Q2 Earnings

South Korea

2026-08-30 00:09:32

South Korea's Top 10 Brokerages Post Record Q2 Profit, Shares Stay Weak

South Korea's 10 largest brokerages posted a record profit of almost 6 trillion won (about $4.356 billion) for the second quarter, but their shares have shown persistent weakness. Combined consolidated net profit for Mirae Asset, Korea Investment, Samsung, KB, NH, Shinhan, Meritz, Kiwoom, Hana and Daishin came to 5.9362 trillion won (around $4.310 billion), up 37% from the previous quarter and 141% from a year earlier, according to the Korean financial investment industry on the 29th. Despite the strong earnings, the market has not rewarded the sector. The Korea Exchange securities industry index closed at 9,804.97 on May 9, hitting its intra-year high, and then retreated sharply. In June the index dropped to the 6,400-7,400 range; in July it slipped to the 4,700-6,400 range; this month it has been moving between 5,000 and 5,500. The second-quarter numbers set a record, with both sequential and annual growth, but the share prices of these brokers have remained under pressure. The gap shows earnings strength has not translated into stock market gains.

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Marvell

2026-08-28 08:03:19

Marvell Stock Drops 8.4% Premarket on Weak Q2 Results, Outlook

Marvell Technology (MRVL.O) fell 8.4% in US premarket trading, according to MSX data, after the company posted weak second-quarter results and a soft outlook. The decline was driven by the poor earnings performance and subdued forward guidance. The move came ahead of the regular trading session, with the stock under pressure following the latest quarterly report.

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Upbit

2026-08-14 14:48:04

Dunamu, operator of Upbit, posts 73% quarter-on-quarter drop in Q2 operating profit

Dunamu, the operator of South Korean crypto exchange Upbit, reported weaker results for the second quarter of 2026. The company posted revenue of 173.5 billion won, or about $123 million, and operating profit of 23.5 billion won, or about $16.65 million. Compared with the first quarter, revenue fell about 26% and operating profit dropped about 73%. For reference, Dunamu recorded first-quarter revenue of 234.6 billion won, or about $166 million, and operating profit of 88 billion won, or about $62.34 million. The company said the decline in second-quarter performance was mainly tied to a broader contraction in global digital asset market liquidity. It added that investor sentiment weakened as a result. The latest figures point to a sharp slowdown from the previous quarter, with profitability taking a much bigger hit than revenue. Dunamu attributed that pressure to market conditions rather than to a company-specific factor.

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Tencent

2026-08-13 01:55:48

Citi Lifts Tencent Target Price to HK$765, Reiterates Buy Rating

According to BlockBeats, Citigroup raised its target price for Tencent to HK$765 and reiterated a Buy rating following Tencent's second-quarter earnings on August 13. The bank cited clear progress in Tencent's artificial intelligence efforts and resilience in its core business. In the same report, Citi increased its capex assumptions for Tencent to RMB 200.7 billion this year and RMB 235 billion next year.

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Nebius

2026-08-12 11:53:03

Nebius Q2 Revenue Jumps 454% to $582.3M, Adjusted EBITDA Turns Positive; Shares Rise Premarket

Nebius (NBIS), a neocloud company, has published its second-quarter earnings. According to Investing.com, the company generated revenue of $582.3 million in the quarter, representing a 454% year-over-year jump from $105.1 million a year earlier. Adjusted EBITDA turned positive at $236.2 million, compared with a $21 million loss in the same quarter of the previous year. The adjusted net loss narrowed to $33.2 million from $91.5 million, a 64% decrease from the year-ago level. Yet on a continued operations basis, the company swung to a net loss of $190.4 million from net income of $502.5 million. Over the first six months of 2026, Nebius reported cumulative revenue of $981.3 million, up 529% year over year, and adjusted EBITDA of $365.7 million, versus a loss of $74.7 million in the prior-year period. Market data indicate that NBIS gained 12.05% in premarket trading, with the stock priced at $217.50.

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Berkshire Hat

2026-08-09 00:39:00

Berkshire Hathaway Q2 Net Income Doubles, Alphabet Becomes Top Holding

Berkshire Hathaway reported second-quarter net income attributable to shareholders of $25.667 billion, versus $12.37 billion a year earlier, a gain of more than 100%, according to Cailian Press via PANews on Aug. 9. Operating profit rose to $12.983 billion from $11.16 billion in the year-ago period. Investment gains climbed to $12.684 billion against $4.97 billion previously. The conglomerate's cash reserves slipped to $364.7 billion at the end of June from $397 billion at the close of the first quarter. The fair value of its fixed-income securities investments reached $17.034 billion as of June 30, comprising $3.002 billion in U.S. Treasuries, $12.668 billion in foreign bonds and $1.364 billion in corporate bonds. Berkshire's top five equity holdings were Alphabet, American Express, Apple, Bank of America and Coca-Cola, with Alphabet as the largest position. Buybacks totaled about $4.5 billion in the second quarter, lifting the first-half figure to roughly $4.8 billion. The report shows a lower cash pile and a sharp jump in investment income.

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Bernstein

2026-08-06 10:53:05

Bernstein Reiterates Circle Outperform Rating, Target $140

Bernstein has reaffirmed its Outperform rating on Circle with a price target of $140, saying the company's second-quarter earnings refute concerns over rising competition and shrinking reserve income. Analysts also believe the market may be undervaluing Circle's distribution reach, regulatory position, and the incremental revenue from Arc, its Layer 1 network. The update was reported by The Block.

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Circle

2026-08-05 12:13:11

Circle Stock Jumps After Q2 Beat, Arc Outlook Nearly Doubles

Circle's Q2 earnings beat estimates one day after Morgan Stanley downgraded the stock, sending shares higher. The largest U.S. stablecoin issuer posted EPS of $0.21, above the $0.17 consensus, while revenue rose 20% year over year to $694 million, slightly missing the $715 million forecast. The market focused on Arc, Circle's blockchain network for stablecoin payments, tokenized assets, cross-border settlement and on-chain finance. Circle nearly doubled its full-year “other revenue” guidance to $310–330 million, with Arc as the main driver. Earlier this year, Circle raised $222 million through an ARC token presale at a $3 billion valuation. The report follows Morgan Stanley’s price target cut from $106 to $38 on shrinking USDC circulation. According to CoinDesk and Bloomberg, the earnings refocused attention from stablecoin concerns to Arc as a new growth story.

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