Nvidia reported Q1 FY2027 revenue of $81.6 billion, up 85% year-over-year, with Data Center revenue hitting $75.2 billion (up 92%). Non-GAAP EPS of $1.87 beat the $1.76 consensus. Q2 guidance of $91 billion plus or minus 2% blew past the $86.84 billion Street estimate. The board approved an additional $80 billion share buyback and raised the quarterly dividend from $0.01 to $0.25 — a 2,400% increase. Despite the blowout, shares edged up only 0.3% in premarket, continuing a pattern of muted post-earnings reactions.
Palantir posted Q1 2026 revenue of $1.63 billion, beating the $1.54 billion estimate, with U.S. commercial revenue up 133% and a Rule of 40 score of 145%. Management raised full-year guidance to 71% growth. Net dollar retention hit 150%, the highest in large-cap software history. Despite crushing numbers, shares fell 5.7% after hours — the Street is still choking on a 55-67x forward sales multiple.
Microsoft's AI business hit a $37 billion annual run rate in Q3 2026, up 123% year-over-year. Meanwhile, the restructured OpenAI partnership means Microsoft's IP license becomes non-exclusive through 2032, and OpenAI can now serve customers across any cloud provider. Microsoft will no longer pay revenue share to OpenAI, though OpenAI's payments to Microsoft continue through 2030 with a cap.
Micron is trading near $803, up roughly 180% year-to-date, as its high-bandwidth memory chips for AI servers are completely sold out through 2026. Q2 sales hit $23.86 billion — triple the prior year. Citi doubled its price target to $840, calling it an AI-driven DRAM and HBM upcycle lasting through at least 2027. Consensus FY26 EPS sits at $58 with base-case valuations of $900-$1,000.
Broadcom's AI semiconductor revenue surged 106% year-over-year to $8.4 billion in Q1 FY2026, and CEO Hock Tan projects custom AI chips will generate over $100 billion in annual revenue by end of 2027. Evercore ISI raised its price target to $582 from $490, maintaining Outperform. The stock is up 30% YTD after recovering from a 15% early-year dip.
IonQ reported Q1 2026 revenue of $64.7 million, up 755% year-over-year and 30% above guidance. Management raised full-year guidance to $260-270 million. The headline milestone: the sale of IonQ's first sixth-generation 256-qubit chip-based system, marking its transition to scalable architecture. Despite record results and $3.1 billion in cash, the stock dipped 0.7% after hours.
Oracle's AI infrastructure revenue jumped 243% with a $553 billion backlog. The stock rallied roughly 25% in three weeks (April 13 to May 6). Oracle and IBM expanded their 40-year partnership to deliver integrated AI and hybrid cloud solutions launching in 2026. Wedbush initiated coverage at Outperform with a $225 target; Oppenheimer raised to $235.
SoundHound AI reported 52% revenue growth and launched OASYS, its new agentic AI platform for autonomous customer interactions. The company is acquiring LivePerson for $43 million equity value (~$250 million enterprise value including debt), combining SoundHound's voice AI with LivePerson's Conversational Cloud that processes a billion customer messages monthly. Deal expected to close H2 2026.
Tesla is preparing to expand its robotaxi service to Phoenix, Miami, Orlando, Tampa, Las Vegas, and more markets in H1 2026, with the fleet growing from 9 vehicles in early April to 39 unsupervised robotaxis now. Management raised 2026 capex guidance to over $25 billion — roughly triple last year — focused on AI and autonomy. Operational issues including long wait times and navigation errors were flagged in recent test rides.
CrowdStrike posted Q4 FY2026 revenue of $1.3 billion, up 23.3% year-over-year, with ending ARR growing 24% to $5.25 billion. Falcon Flex is driving multi-module adoption — half the customer base now uses six or more modules, and 24% use eight or more. Wedbush named CrowdStrike among its top five software stocks to own alongside Microsoft and Palantir.
