{"id":65533,"date":"2026-07-28T07:38:18","date_gmt":"2026-07-28T11:38:18","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/major-tech-and-industrial-earnings-beat-estimates-amd-and-core-scientific-ink-ai-deal\/65533\/"},"modified":"2026-07-28T07:38:18","modified_gmt":"2026-07-28T11:38:18","slug":"major-tech-and-industrial-earnings-beat-estimates-amd-and-core-scientific-ink-ai-deal","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/major-tech-and-industrial-earnings-beat-estimates-amd-and-core-scientific-ink-ai-deal\/65533\/","title":{"rendered":"Major Tech and Industrial Earnings Beat Estimates; AMD and Core Scientific Ink AI Deal"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/major-tech-and-industrial-earnings-beat-estimates-amd-and-core-scientific-ink-ai-deal\/65533\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/major-tech-and-industrial-earnings-beat-estimates-amd-and-core-scientific-ink-ai-deal\/65533\/#Tech_and_Payments_Momentum\" >Tech and Payments Momentum<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/major-tech-and-industrial-earnings-beat-estimates-amd-and-core-scientific-ink-ai-deal\/65533\/#AI_Infrastructure_and_Hardware\" >AI Infrastructure and Hardware<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/major-tech-and-industrial-earnings-beat-estimates-amd-and-core-scientific-ink-ai-deal\/65533\/#Healthcare_and_Industrial_Performance\" >Healthcare and Industrial Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/major-tech-and-industrial-earnings-beat-estimates-amd-and-core-scientific-ink-ai-deal\/65533\/#Aviation_and_Infrastructure_REITs\" >Aviation and Infrastructure REITs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/major-tech-and-industrial-earnings-beat-estimates-amd-and-core-scientific-ink-ai-deal\/65533\/#Geopolitical_Context\" >Geopolitical Context<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>PayPal (<a href=\"\/stock\/PYPL\">PYPL<\/a>)<\/strong> and <strong>GSK (<a href=\"\/stock\/GSK\">GSK<\/a>)<\/strong> both exceeded Q2 2026 analyst expectations, with PayPal raising its full-year EPS guidance to approximately <strong>$5.38<\/strong>.<\/li>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/AMD\" data-internallinksmanager029f6b8e52c=\"16\" title=\"stock: AMD\">AMD<\/a> (<a href=\"\/stock\/AMD\">AMD<\/a>)<\/strong> and <strong>Core Scientific (<a href=\"\/stock\/CORZ\">CORZ<\/a>)<\/strong> announced a massive AI infrastructure partnership, securing up to <strong>2.5 gigawatts<\/strong> of data center capacity for <a href=\"https:\/\/stockmarketwatch.com\/stock\/AMD\" data-internallinksmanager029f6b8e52c=\"16\" title=\"stock: AMD\">AMD<\/a>&#39;s AI solutions.<\/li>\n<li><strong>Corning (<a href=\"\/stock\/GLW\">GLW<\/a>)<\/strong> reported a <strong>30% surge<\/strong> in core EPS, driven by robust demand for <strong>Generative AI<\/strong> products and a multiyear multibillion-dollar deal with <strong>Amazon<\/strong>.<\/li>\n<li><strong>JetBlue (<a href=\"\/stock\/JBLU\">JBLU<\/a>)<\/strong> re-established its 2026 outlook and introduced a <strong>2028 EPS target of $1.00<\/strong>, signaling confidence in its &quot;JetForward&quot; transformation strategy despite high fuel costs.<\/li>\n<li><strong>American Tower (<a href=\"\/stock\/AMT\">AMT<\/a>)<\/strong> and <strong>Sherwin-Williams (<a href=\"\/stock\/SHW\">SHW<\/a>)<\/strong> both posted strong quarterly beats, with Sherwin-Williams hiking its full-year adjusted EPS guidance to a range of <strong>$11.80 to $12.20<\/strong>.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Tech_and_Payments_Momentum\"><\/span>Tech and Payments Momentum<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>PayPal Holdings, Inc. (<a href=\"\/stock\/PYPL\">PYPL<\/a>)<\/strong> delivered a strong second quarter, reporting adjusted EPS of <strong>$1.38<\/strong>, surpassing the consensus estimate of <strong>$1.27<\/strong>. Net revenue reached <strong>$8.68 billion<\/strong>, driven by a total payment volume (TPV) of <strong>$486.45 billion<\/strong>. The company&#39;s <strong>Venmo<\/strong> platform remains a high-growth driver, with TPV hitting <strong>$93.81 billion<\/strong>, beating expectations of <strong>$90.12 billion<\/strong>.<\/p>\n<p><em>Analysts noted that PayPal&#39;s focus on operational efficiency and AI adoption is beginning to yield significant margin improvements.<\/em> The company raised its full-year adjusted EPS guidance to approximately <strong>$5.38<\/strong> and reaffirmed its capital expenditure target of <strong>$1 billion<\/strong>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"AI_Infrastructure_and_Hardware\"><\/span>AI Infrastructure and Hardware<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/AMD\" data-internallinksmanager029f6b8e52c=\"16\" title=\"stock: AMD\">AMD<\/a> (<a href=\"\/stock\/AMD\">AMD<\/a>)<\/strong> and <strong>Core Scientific (<a href=\"\/stock\/CORZ\">CORZ<\/a>)<\/strong> have entered a strategic partnership to expand AI-ready infrastructure. Under the deal, <a href=\"https:\/\/stockmarketwatch.com\/stock\/AMD\" data-internallinksmanager029f6b8e52c=\"16\" title=\"stock: AMD\">AMD<\/a> will secure more than <strong>500 megawatts<\/strong> of U.S. data center capacity starting in 2027, with the potential to scale up to <strong>2.5 gigawatts<\/strong>. The collaboration will focus on the deployment of <strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/AMD\" data-internallinksmanager029f6b8e52c=\"16\" title=\"stock: AMD\">AMD<\/a> Instinct GPUs<\/strong> and <strong>EPYC CPUs<\/strong> to meet the accelerating global demand for AI compute.<\/p>\n<p><strong>Corning Incorporated (<a href=\"\/stock\/GLW\">GLW<\/a>)<\/strong> also highlighted the AI boom in its Q2 results, reporting core sales of <strong>$4.74 billion<\/strong> and core EPS of <strong>$0.78<\/strong>. The company\u2019s <strong>Optical Communications<\/strong> segment saw sales grow <strong>32%<\/strong> year-over-year, bolstered by new long-term agreements with <strong>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>)<\/strong> and <strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong>. Corning expects Q3 core EPS to rise further to a range of <strong>$0.85 to $0.89<\/strong>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Healthcare_and_Industrial_Performance\"><\/span>Healthcare and Industrial Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>GSK plc (<a href=\"\/stock\/GSK\">GSK<\/a>)<\/strong> reported Q2 adjusted EPS of <strong>50.5p<\/strong>, beating the <strong>46.8p<\/strong> estimate, on revenues of <strong>\u00a38.41 billion<\/strong>. Growth was primarily fueled by its vaccine portfolio, with <strong>Shingrix<\/strong> generating <strong>\u00a3888 million<\/strong> and the RSV vaccine <strong>Arexvy<\/strong> delivering <strong>\u00a3192 million<\/strong>, well above the <strong>\u00a377.8 million<\/strong> forecast. The company reaffirmed its 2026 guidance and remains on track for its 2031 sales target of over <strong>\u00a340 billion<\/strong>.<\/p>\n<p><strong>The Sherwin-Williams Company (<a href=\"\/stock\/SHW\">SHW<\/a>)<\/strong> posted Q2 adjusted EPS of <strong>$3.70<\/strong> on net sales of <strong>$6.79 billion<\/strong>, both exceeding Wall Street projections. Despite &quot;ongoing global uncertainty,&quot; the company saw strong performance across all segments and implemented pricing actions to offset raw material inflation. Management increased the full-year adjusted EPS guidance to <strong>$11.80\u2013$12.20<\/strong>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Aviation_and_Infrastructure_REITs\"><\/span>Aviation and Infrastructure REITs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>JetBlue Airways (<a href=\"\/stock\/JBLU\">JBLU<\/a>)<\/strong> reported an adjusted loss per share of <strong>66 cents<\/strong>, slightly better than the <strong>68-cent<\/strong> loss expected by analysts. The airline&#39;s &quot;JetForward&quot; strategy is gaining traction, with operating revenue hitting <strong>$2.7 billion<\/strong>. JetBlue introduced an ambitious <strong>2028 EPS target of at least $1.00<\/strong>, while increasing its 2026 capital expenditure forecast to <strong>$850 million<\/strong>.<\/p>\n<p><strong>American Tower (<a href=\"\/stock\/AMT\">AMT<\/a>)<\/strong> reported Q2 revenue of <strong>$2.75 billion<\/strong>, beating the <strong>$2.7 billion<\/strong> estimate. The REIT raised its full-year outlook for adjusted EBITDA to a range of <strong>$7.24 billion to $7.31 billion<\/strong>, citing robust leasing demand and data center outperformance.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Geopolitical_Context\"><\/span>Geopolitical Context<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In regional developments, the foreign ministers of <strong>Iran<\/strong> and <strong>Japan<\/strong> reportedly held discussions regarding escalating regional tensions. The talks come amid heightened concerns over maritime security in the <strong>Strait of Hormuz<\/strong> and the impact of the ongoing conflict on global energy supplies. <em>Diplomatic efforts continue as Japan seeks to balance its energy security needs with its strategic alliances.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways PayPal (PYPL) and GSK (GSK) both exceeded Q2 2026 analyst expectations, with PayPal raising its full-year EPS guidance [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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