AMD & SpaceX Prepare for Earnings as Palantir Delivers Strong Results

Investors are closely monitoring a busy week for the technology sector, with Advanced Micro Devices (AMD) and SpaceX preparing to release quarterly earnings while Palantir Technologies has already reported results that exceeded Wall Street expectations. The updates come as artificial intelligence (AI) investment remains a key driver of market sentiment across the technology industry.

TL;DR

• AMD is set to report second-quarter earnings today, after the ring of the bell, as investors focus on AI chip demand, data centre growth and management's outlook amid volatility in semiconductor stocks.

• SpaceX will release its first earnings report (today after market close) as a publicly listed company, with markets watching its launch business, Starlink performance and profitability.

• Palantir beat analysts' expectations, driven by strong growth in its US commercial business, and raised its full-year guidance, sending its shares higher.

Key developments

AMD earnings preview

AMD is scheduled to report second-quarter earnings today after the bell, as investors assess whether continued demand for AI accelerators and data centre products can offset broader uncertainty across the semiconductor sector. According to Yahoo Finance, analysts expect the company to deliver solid revenue growth, supported by its expanding AI chip portfolio and enterprise demand.

However, AMD's results arrive at a time when semiconductor stocks have experienced increased volatility, with investors paying close attention to AI-related spending, competitive pressures, and management's outlook for the second half of the year. Guidance for data centre revenue, GPU demand and customer spending is expected to be among the key metrics watched by the market. Traders will also monitor commentary on the company's competitive positioning within the rapidly evolving AI infrastructure market. (Source: Yahoo Finance) 

SpaceX earnings preview

SpaceX is also attracting significant attention as it prepares to publish its first-ever earnings report following its public listing (also today after the bell). Yahoo Finance noted that the company's shares have recently reached a new all-time low, increasing investor focus on whether quarterly results can improve market confidence.

The report is expected to provide greater insight into the performance of SpaceX's launch business, Starlink satellite internet operations and its longer-term investment strategy. Investors will also be looking for updates on profitability, revenue growth and capital expenditure, particularly as the company continues investing heavily in expanding its infrastructure. (Source: Yahoo Finance) 

Palantir beats expectations

Palantir shares moved higher after the company reported stronger-than-expected quarterly earnings on Monday, driven by accelerating growth in its US commercial business. Yahoo Finance reported that both revenue and earnings surpassed analyst estimates, supported by continued demand for the company's AI-powered software platform.

US commercial revenue was a standout performer during the quarter, reflecting growing adoption among enterprise customers alongside continued strength in government contracts. Management also raised its full-year outlook, signalling confidence in continued business momentum as AI adoption expands across multiple industries.

The stronger guidance was welcomed by investors, with the company's shares rising following the earnings release. (Source: Yahoo Finance) 

Additional context

The latest earnings announcements illustrate the differing themes currently shaping the technology sector. AMD's results are expected to provide another indication of AI infrastructure demand within the semiconductor industry, while SpaceX's inaugural earnings report offers investors an early look at the financial performance of one of the market's newest publicly traded aerospace companies. Meanwhile, Palantir's strong commercial growth highlights continued enterprise investment in AI software despite broader market volatility.

Conclusion 

This week's earnings updates highlight the continued importance of AI and technology spending across multiple industries. While AMD and SpaceX's upcoming reports are expected to provide fresh insights into semiconductor demand and the commercial space sector, Palantir's latest results suggest that enterprise AI adoption remains a significant growth driver. Investors will continue to monitor company guidance and business performance as markets assess the outlook for the broader technology sector. 

*Past performance does not guarantee future results. The above is for marketing and general informational purposes only, and these are only projections and should not be taken as investment research, investment advice or a personal recommendation.