Cisco Cuts 4,000 Jobs as AI Push Drives Strong Earnings Outlook
Cisco plans to cut 4,000 jobs as part of an AI-driven business transformation after reporting stronger-than-expected earnings and raising its outlook.
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Cisco plans to cut 4,000 jobs as part of an AI-driven business transformation after reporting stronger-than-expected earnings and raising its outlook.
Alibaba’s profit dropped 84% as the company increased spending on AI infrastructure and quick-commerce expansion.
Akamai shares jumped 20% after the company reported strong quarterly earnings and announced a $1.8 billion AI infrastructure agreement.
Sony projected double-digit profit growth even as PlayStation 5 hardware sales slowed, supported by strong performance in image sensors and music.
Uber shares rose after stronger-than-expected bookings guidance offset a $1.5 billion hit to net income from equity revaluations in Q1.
Ferrari topped Wall Street’s first-quarter expectations and reaffirmed its full-year guidance as it prepares for its first electric vehicle debut.
NXP shares surge as AI and automotive demand drive strong earnings and sector momentum.
UBS reported an 80% surge in first-quarter profit to $3 billion, beating expectations as trading revenue strengthened performance.
Mixed earnings results drive uneven stock moves as investors focus on guidance and valuation.
Southwest Airlines posts stronger results as new pricing and product strategy boosts revenue and margins.
Texas Instruments shares rise 19% after strong earnings driven by AI and industrial chip demand.
Microsoft is introducing its first voluntary buyout program, targeting up to 7% of its U.S. workforce as part of broader efficiency efforts.
TSMC shares reached a record high after Taiwan eased single-stock investment caps, boosting demand from institutional funds.
Meta plans to cut about 10% of its workforce, or over 8,000 jobs, as it streamlines operations and offsets rising AI-related costs.
American Airlines lowered its 2026 earnings forecast as rising jet fuel prices significantly increased operating costs.