Tesla and Alphabet slide premarket after earnings and capex updates

Earnings
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Summary · why it matters

Tesla and Alphabet led premarket decliners after Tesla missed second-quarter earnings and Alphabet raised its capital expenditure outlook. Tesla shares fell nearly 6% as free cash flow turned negative and margins came under pressure. Alphabet dropped 4.5% after the Google parent increased its 2026 capex guidance to between $195 billion and $205 billion, up from a previous forecast of as much as $190 billion, to bolster artificial intelligence capabilities. Lockheed Martin popped 6% after beating second-quarter expectations with earnings of $7.94 per share on revenue of $20.06 billion, and it hiked its full-year earnings outlook. IBM reported second-quarter profit and revenue below analyst expectations, following last week's preliminary results that triggered its biggest-ever sell-off. Texas Instruments beat estimates with earnings of $2.14 per share and revenue of $5.46 billion, but shares fell 3.2%. Eli Lilly said it will seek approval for a next-generation obesity drug in the first quarter of 2027 after late-stage trials showed adults with obesity and cardiovascular disease lost up to 22.6% of their weight at 80 weeks, and its shares dipped over 1%. Comcast edged higher after an earnings beat and strength at NBCUniversal ahead of its planned spinoff.

Impact on stocks 8

Artificial Intelligence▼ · 1 stocks
Alphabet Inc Class C
GOOG
▼ NegativeCapitalrelevance

Alphabet raised its 2026 capex guidance to $195-205 billion, up from $190 billion, to bolster AI capabilities.

Quantum Computing▼ · 1 stocks
International Business Machines
IBM
▼ NegativeCapitalrelevance

IBM reported Q2 profit and revenue below analyst expectations, following last week's preliminary results that triggered its biggest-ever sell-off.

Defense & Geopolitical Fragmentation▲ · 1 stocks
Lockheed Martin Corporation
LMT
▲ PositiveCapitalrelevance

Lockheed Martin beat Q2 expectations with EPS of $7.94 on revenue of $20.06B and hiked its full-year earnings outlook.

Electrification & Mobility▼ · 1 stocks
Tesla Inc
TSLA
▼ NegativeCapitalrelevance

Tesla missed Q2 earnings, free cash flow turned negative, and margins came under pressure.

Biotech & Genomic Medicine▲ · 1 stocks
Eli Lilly and Company
LLY
± MixedTechnologyrelevance

Eli Lilly said it will seek approval for a next-generation obesity drug in Q1 2027 after late-stage trials showed weight loss up to 22.6% at 80 weeks; shares dipped over 1%.

Semiconductors▼ · 1 stocks
Texas Instruments Incorporated
TXN
▼ NegativeCapitalrelevance

Texas Instruments beat estimates but shares fell 3.2%, likely due to broader tech selloff or guidance concerns.

Cloud & Digital Infrastructure▲ · 1 stocks
Comcast Corp
CMCSA
▲ PositiveCapitalrelevance

Comcast edged higher after an earnings beat and strength at NBCUniversal ahead of its planned spinoff.

Financials▲ · 1 stocks
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