Stocks

Eli Lilly reported second-quarter revenue of $22.97 billion, up 48% year over year and above the $20.73 billion consensus estimate, while adjusted earnings were $8.38 per share versus $6.01 expected. Sales of its diabetes and weight-loss drugs Mounjaro and Zepbound totaled $14.9 billion, up $6.3 billion from a year earlier, reflecting sustained demand. The company is expanding manufacturing capacity and its product lineup to reinforce its lead in the GLP-1 market. The results helped lift the stock.

Opendoor reported a quarterly loss of three cents per share, narrower than the Street estimate for a seven-cent loss. Revenue came in at $883 million, above expectations, but fell from $1.57 billion a year earlier. The company guided for third-quarter sales of $1.098 billion versus estimates of $1.132 billion, weighing on the stock. The shares were down 6.43% at $3.85 at the time of publication on Wednesday, according to Benzinga Pro data.

Disney reported better-than-expected theme park performance, with attendance at its Florida and California parks up 3%, driven by domestic tourists and annual pass holders. Comcast’s Universal parks posted a 5% quarterly drop in overall profit, even as its newly opened large-scale park is expected to support demand. The divergence highlights uneven conditions in the broader Orlando market.

Uber said its forecast for current-quarter adjusted earnings is below market expectations, citing foreign exchange headwinds that it expects will trim bookings growth. The company reiterated plans to invest heavily in robotaxis and acquisitions, after announcing a US$14.8billion deal for Delivery Hero last month to be funded with existing liquidity and debt. Uber shares fell about 3 per cent in premarket trading following the update.

Uber forecast weaker third-quarter profit and said it plans to invest more than $10 billion in autonomous vehicles, without giving a detailed timeline. The stock fell about 3% in premarket trading. Second-quarter gross bookings came in at $58.02 billion and topped expectations, while adjusted core earnings also beat forecasts. Operating expenses rose about 10% year over year.

Infineon reported results for its third fiscal quarter, with revenue rising 13% year on year to 4.2 billion euros. Profit increased 39% to 423 million euros. The company said demand from AI data centres was the main driver of growth.

Dell Technologies (DELL) rose 8.92% to $467.27 on August 4, 2026 as a broad risk-on move and AI-memory optimism lifted server infrastructure shares. Read the daily analysis of Dell's AI infrastructure outlook, momentum risk and key technical levels.

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