Today, we announced our Q1 2026 financial results. Here are the highlights:
- ARR grew 674% year-over-year; full-year guidance has been updated to ARR of $7-$9 billion and revenue of $3.0-3.4 billion.
- Adjusted EBITDA margin in our AI cloud business nearly doubled quarter-on-quarter to 45%.
- Contracted capacity now exceeds 3.5 GW, surpassing our 3 GW target; we now expect to have more than 4 GW of contracted capacity by the end of 2026.
We also announced today that we have secured up to 1.2 GW of power and land for a new owned AI factory in Pennsylvania, bringing our total number of sites exceeding 100 MW to seven.
Read more in our press release: https://t.co/GJkNTg8RGG
xAI update: staff are being called into meetings with Cursor employees to explain their work
xAI has also done more layoffs, including ~10 people cut last week across teams working on Grok
And Devendra Chaplot, a big hire who joined in March and reported to Elon, left in April
We’ve agreed to a partnership with @SpaceX that will substantially increase our compute capacity.
This, along with our other recent compute deals, means that we’ve been able to increase our usage limits for Claude Code and the Claude API.
Just opened a short-term position in $SMCI at $26.8.
The arrest is an isolated incident — company is NOT a defendant, and SMCI has already placed the involved executive on administrative leave + fired the contractor. Core fundamentals unchanged: AI server demand strong, FY2026 revenue guidance $40B+ intact. Valuation now extremely attractive at ~0.46x forward sales.
Tactical trade on the panic dip. DYOR, not financial advice. #SMCI
New for financial services: ready-to-run Claude agent templates for building pitches, conducting valuation reviews, closing the books at month-end, and more.
Install them as plugins in Cowork and Claude Code, or use our cookbooks to run them in production as Managed Agents.
BREAKING 🚨: This is extremely illegal. This is Matthew Gallagher, who created 800+ Facebook accounts posing as fake doctors to advertise on Facebook, and went on to build a GLP-1 telehealth company with just $20,000, AI, and only one full-time teammate, his brother. The New York Times fabricated their AI startup story.
It generated 401M USD in 2025 and could reach 1.8B USD in 2026. Medvi received FDA Warning Letter #721455 in February 2026 for misbranding violations. Its clinician network, OpenLoop, suffered a data breach in January 2026 that exposed 1.6 million patient records.
Futurism reported that they used AI-generated deepfake before-and-after photos in their marketing. A class action lawsuit was filed in Delaware in November 2025. They are also running 800+ fake doctor accounts on Facebook to sell compounded GLP-1s.