Legence Q2 validated the pre earnings focus on margin pressure, but the expected impact from subcontractor costs was not confirmed. Adjusted gross margin fell to 18.5% from 21.8% a year earlier, with Legence citing revenue mix and a slight decline in Engineering & Consulting margins. Revenue reached $1.26 billion, while backlog and awarded contracts reached $5.67 billion.
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AI INFRASTRUCTURE · POWER · OPTICAL · SEMICONDUCTORS · SPACE
Cisco (NASDAQ: CSCO) — Q4 Post Earnings
Cisco Q4 validated the pre earnings focus on AI infrastructure orders translating into revenue. FY2026 AI infrastructure orders reached $9.3 billion, exceeding the $9 billion target, while revenue reached approximately $4 billion, in line with expectations. Despite record quarterly revenue of $17.3 billion, shares fell approximately 4% after hours, highlighting slower order to revenue conversion.
Nebius Group (NASDAQ: NBIS) — Q2 Post Earnings
Nebius Q2 validated the pre earnings focus on capacity deployment supporting revenue growth. Revenue reached $582.3 million, up 454% year over year, with shares rising 34% by market close despite approximately $5.7 billion in CapEx.