MLQ.ai

Earnings intelligence for investors.

[Jared Friedman @snowmaker]

If you want to find a truly impactful idea, a good place to look is in the trash bin of history.

Most of the ideas that have most broken out in the last 5 years aren't new. They're old ideas that got written off too early.

examples:
1) AI: When Sam started OpenAI, saying "AGI" got you laughed at
2) Space: Elon started SpaceX after people had written off the 1960s-era dreams as sci-fi
3) Supersonic flight: Blake started Boom after everyone assumed Concorde already proved it couldn't work
4) Nuclear energy: fission and fusion are roaring back decades after ambitious people stopped studying nuclear physics
5) GLP-1's: After the fen-phen disaster, weight loss drugs were synonymous with snake oil.

There's a good reason this keeps happening. When a hyped idea fails, there's a backlash. It becomes embarrassing to work on - anyone still working on it is assumed too dumb to know better.

So, if you want to work on something like this, you have to teach yourself to feel the tinge of that embarrassment and push past it.

[MLQ.ai @mlqai]

$AMAT Q2 FY2026 earnings:

Applied Materials sets new record with $7.91 billion in Q2 revenue

"We generated record revenue of $7.91 billion, which is up 13% sequentially and 11% year-over-year. Non-GAAP gross margin reached 50% in the quarter... Semiconductor Systems delivered record revenue of $5.97 billion, which was up 16% sequentially and up 10% year-over-year."

- Brice Hill, CFO

[MLQ.ai @mlqai]

$AMAT Q2 FY2026 earnings:

TSMC joins Applied Materials’ EPIC co-development engagement

"Earlier this week, we announced our EPIC co-development engagement with TSMC, who joined as a founding partner together with Micron, Samsung and SK Hynix... We are finalizing additional EPIC agreements that we will publicly announce in the coming months."

- Gary Dickerson, CEO

[MLQ.ai @mlqai]

$AMAT Q2 FY2026 earnings:

Applied Materials outlines growth in AI-related sectors

"For AI computing, leading-edge foundry logic, DRAM and advanced packaging have the greatest impact on overall system performance, power efficiency and costs... we expect these three areas to account for more than 80% of the year-on-year growth in total wafer fab equipment spending in 2026."

- Gary Dickerson, CEO

[MLQ.ai @mlqai]

$AMAT Q2 FY2026 earnings:

Applied Materials plans to grow semiconductor equipment business by over 30%

"As customers find new ways to reallocate or create space, we are seeing incremental requests for equipment deliveries in 2026, and we now expect our semiconductor equipment business will grow more than 30% this calendar year."

- Gary Dickerson, CEO

[MLQ.ai @mlqai]

$AMAT Q2 FY2026 earnings:

AI drives tripling of global token generation in 3 months

"Publicly available data indicates that global token generation has increased more than threefold in just the past three months... Importantly, AI demand is not only growing rapidly, it's also diversifying with a meaningful increase in agentic applications."

- Gary Dickerson, CEO

[MLQ.ai @mlqai]

$AMAT Q2 FY2026 earnings:

Applied Materials reports record revenue and earnings

"Applied Materials delivered record revenue and earnings, with our highest gross margin in more than 25 years. Rising demand and increasing long-term visibility from customers provide a strong foundation for sustained revenue and profit growth. The momentum is driven by rapid AI infrastructure build-out and Applied's market leadership."

- Gary Dickerson, CEO

[MLQ.ai @mlqai]

$NBIS Q1 FY2026 earnings:

Marc Boroditsky clarifies AI cloud pipeline growth excluding hyperscaler deals

"The referenced pipeline growth of 3.5x a quarter...is for our AI cloud business, and it does not include any strategic hyperscaler deals like the Meta deal. It includes qualified opportunities across key segments, and we've maintained solid win rates while accelerating our sales cycles and increasing selling prices."

- Marc Boroditsky

[MLQ.ai @mlqai]

$NBIS Q1 FY2026 earnings:

Marc Boroditsky reveals strategic flexibility in $15 billion Meta capacity option

"Meta is committed to buy up to $15 billion of any capacity in these clusters at our option... This commitment will likely allow us to finance the clusters with asset-backed financing at attractive terms, while selling them to our AI cloud customers at potentially higher market prices."

- Marc Boroditsky

[MLQ.ai @mlqai]

$NBIS Q1 FY2026 earnings:

Andrey Korolenko outlines U.S. expansion with capacity ramp-up in 2027

"Pennsylvania is going to have lights up by the end of 2027 with the first around 250 to 300 megawatts probably... Then the schedule looks like adding 300 megawatts each year up to 1.2 gigawatts in total."

- Andrey Korolenko

[MLQ.ai @mlqai]

$NBIS Q1 FY2026 earnings:

Dado Alonso discusses temporary EBITDA margin decline due to early investments and capacity timing

"We have made a number of important investments in the first half of the year...the capacity and the revenue it supports come online shortly after. Given the timing of our investments in Q2, we actually expect margins in Q2 to go lower, returning to Q1 levels in Q3 and stepping even higher in Q4."

- Dado Alonso

[MLQ.ai @mlqai]

$NBIS Q1 FY2026 earnings:

Andrey Korolenko explains CapEx increase driven by capacity growth plans for 2027

"The increase in this spending is driven by visibility into 2027 and our need to invest ahead of capacity that we expect to bring online. We will add much more capacity in the first half of '27 than this year. And that requires more CapEx spend starting from now."

[MLQ.ai @mlqai]

$NBIS Q1 FY2026 earnings:

Marc Boroditsky highlights resilience in GPU pricing amidst capacity constraints

"We continue to see strong pricing across both old and new GPU generations as demand continues to exceed our available capacity. We just raised prices again in the latest quarter, and we are still selling out across all chip types... Customers of all types are prepaying in order to lock in future capacity, including the hyperscalers."

- Marc Boroditsky

[MLQ.ai @mlqai]

$NBIS Q1 FY2026 earnings:

Nebius AI business reports 841% revenue growth, dominates group revenue

"In Q1, we grew the group revenue by 684% year-on-year to $399 million... Our Nebius AI business delivered even stronger results. Revenue grew 841% from last year to $390 million, representing 98% of group revenue. Growth was driven by capacity scaling and strong pricing."

- Dado Alonso, CFO

[MLQ.ai @mlqai]

$NBIS Q1 FY2026 earnings:

CFO reveals 684% revenue growth year-over-year

"In Q1, we grew the group revenue by 684% year-on-year to $399 million, up 75% from Q4... Revenue grew 841% from last year to $390 million, representing an 82% quarter-over-quarter increase... We sold out our capacity as demand continued to exceed available supply."

- Dado Alonso, CFO

[MLQ.ai @mlqai]

$NBIS Q1 FY2026 earnings:

Meta contract seen as a gateway to unlocking billions in capital

"This $27 billion contract with Meta alone can unlock billions of dollars of capital for our multi-tenant cloud at attractive rates that may not otherwise be available to us. On top of this, we also have our first contract with Meta and our Microsoft agreement that will provide additional financing opportunities."

- Arkady Volozh, Co-Founder and CEO

[MLQ.ai @mlqai]

$NBIS Q1 FY2026 earnings:

Record CapEx guidance raised to $20-25 billion due to high demand

"We're building to support this demand with scale and discipline... Demand is high. Everything we build with is sold. That is what is driving us to build more and to raise our 2026 CapEx guidance to between $20 billion and $25 billion, which is up from our prior range of $16 billion to $20 billion."

- Arkady Volozh, Co-Founder and CEO

[MLQ.ai @mlqai]

$NBIS Q1 FY2026 earnings:

CEO reports soaring demand, mentions 3.5x increase in pipeline generation

"Our pipeline generation in the first quarter grew 3.5x over the fourth quarter, and this is a record for us... we typically see several customers competing for every GPU we bring online. Demand is high. Everything we build with is sold."

- Arkady Volozh, Co-Founder and CEO

[MLQ.ai @mlqai]

$NBIS Q1 FY2026 earnings:

Nebius expands NVIDIA partnership, achieves Exemplar Cloud status

"We also expanded our technology partnership with NVIDIA... We again achieved NVIDIA Exemplar Cloud status this time on our GB300 for training workloads. We are among a small group of providers to achieve this status across multiple GPU generations."

- Arkady Volozh, Co-Founder and CEO

[MLQ.ai @mlqai]

$NBIS Q1 FY2026 earnings:

AI platform contracts 3.5 gigawatts, aims for 4 gigawatts with new Pennsylvania site

"3 months later today, we have already contracted more than 3.5 gigawatts, and we are now targeting at least 4 gigawatts of contracted power this year. Today, we announced a new site in Pennsylvania to support 1.2 gigawatt of power once fully live. This is our second owned gigawatt scale site in the United States."

- Arkady Volozh, Co-Founder and CEO