q2

Samsung SDS stated in its earnings call that its strategic investment in the South Korean cryptocurrency exchange Dunamu is a "strategic layout for entering the digital asset infrastructure business." Both parties are discussing cooperation on stablecoin infrastructure, next-generation AI payments, and virtual asset financial system integration (SI). Samsung SDS President Lee Joon-hee mentioned that they will combine Dunamu's blockchain operation experience with Samsung SDS's capabilities in IT services, AI, cloud computing, and security to strengthen the digital financial infrastructure business.The earnings report disclosed on the same day showed that Samsung SDS's revenue for the second quarter was 3.7178 trillion won (approximately 2.6 billion USD), a year-on-year increase of 5.9%; operating profit was 231.8 billion won (approximately 160 million USD), a year-on-year increase of 0.7%. Among them, the cloud computing business revenue was 779.4 billion won, a year-on-year increase of 17%, with external cloud computing business revenue surging 75% year-on-year. The company plans to expand its AI infrastructure from the current 110MW to 230MW by 2029, and further expand to over 800MW by 2031. Samsung SDS previously announced an investment of approximately 20 billion won in Dunamu in May 2024.

According to Jinshi reports, the preliminary quarterly GDP growth rate for the Eurozone in the second quarter is 0.4%, higher than the market expectation of 0.2%. The previous value was revised from -0.2% to 0%.

According to BBX data, the listed entities in the global capital markets (NASDAQ and Japanese stocks) disclosed the latest developments in digital asset investment and treasury expansion yesterday and in recent days. The core information is as follows:Core Scientific (NASDAQ: $CORZ) resumes accumulation in Q2, increasing holdings to 848 BTC: The latest financial report from NASDAQ-listed mining company Core Scientific shows that its Bitcoin holdings have increased from 547 to 848 BTC, with a net addition of 301 BTC. Previously, the company had sold a large amount of Bitcoin to facilitate its transformation towards the AI and high-performance computing (HPC) industries, but it reestablished its accumulation strategy in Q2. The financial report indicates that its Q2 revenue surged to $164.2 million (over 100% year-on-year growth), and gross profit skyrocketed to $70 million. At the same time, the company decisively terminated its BTC mining chip procurement contract with Block (under Jack Dorsey) at a cost of $41.9 million in losses.Tokyo Stock Exchange-listed company Iole announces allocation of HYPE as a strategic asset: Iole, listed on the Tokyo Stock Exchange's startup board, officially announced that in addition to Bitcoin, it has formally established HYPE as a strategic treasury asset for the company. The company plans to gradually increase its total HYPE purchase plan to 100 million yen (approximately $610,000) by the end of August. Currently, the company completed its first batch of purchases worth approximately 10 million yen on July 28, holding about 1,078.25 HYPE.gumi and SB I launch a 3 billion yen cryptocurrency investment fund: Japanese listed gaming company gumi announced that its subsidiary gC Labs, in collaboration with SB I Financial Services, will officially operate the cryptocurrency investment fund "SB I Crypto Fund I" starting August 1. The total scale of the fund is approximately 3 billion yen (about $18.32 million), and it has received funding from leading institutions such as Daiwa Securities Group, with its investment targets strictly focusing on Bitcoin (BTC) listed on exchanges and major high-liquidity altcoins.HeartSciences advances merger with DCG's mining company: NASDAQ-listed company HeartSciences (NASDAQ: $HSCS) announced that it has formally submitted a preliminary proxy statement to the U.S. Securities and Exchange Commission (SEC) regarding the previously announced proposed business merger plan with Fortitude Mining Holdings (a wholly-owned subsidiary of DCG), accelerating the process of going public in the mainstream capital market.

According to the Q2 2026 report released by the Safe Ecosystem Foundation on Wednesday, Safe smart accounts processed nearly 130 million transactions in the second quarter, setting a quarterly historical record with a 5.7% quarter-over-quarter growth. The total number of accounts reached 63.4 million, a year-on-year increase of 20%, and the monthly active accounts in June rose to 2.73 million. The transaction volume in April alone reached 55.4 million, the highest in history. The quarterly transfer amount reached $39.3 billion, a year-on-year increase of 8%, and the self-custodied assets at the end of the quarter amounted to $27.24 billion (including $6.48 billion in stablecoins), with project revenue of $1.98 million, a year-on-year increase of 42%.Co-founder Lukas Schor stated that Safe is evolving from a mere asset holding tool to a broader range of use cases, with usage continuing to grow at a compound rate in a weak market. The Safenet Beta, launched on April 2, attracted 54.8 million SAFE staked (with 539 stakers) in its first quarter and has checked over 500,000 transactions, operated by six validators including Greenfield and Gnosis. Additionally, after the KelpDAO attack incident, Aave-led DeFi United coordinated approximately $300 million through Safe smart accounts to help restore rsETH support, with over 142,000 wallets participating. The SAFE token rose 4.2% in the past 24 hours.

Robinhood released its Q2 2026 financial report, with net revenue of $1.31 billion, a year-on-year increase of 32%, exceeding analysts' expectations of $1.28 billion; net profit of $573 million, a year-on-year increase of 48%; diluted earnings per share of $0.62, a year-on-year increase of 48%. Adjusted EBITDA was $741 million, a year-on-year increase of 35%, exceeding the expected $629 million. Net deposits reached a record high of $21.7 billion, with Gold subscription users reaching 4.8 million, a year-on-year increase of 39%. Cryptocurrency revenue was $100 million, exceeding the expected $86.6 million; options revenue was $342 million, a year-on-year increase of 29%. ARPU reached $187, a year-on-year increase of 24%.The company expects adjusted operating expenses and equity incentives for the full year to be $2.675 to $2.775 billion, lower than previous guidance and market expectations. During the period, Trump account registrations exceeded 7 million, with deposits nearing $1.5 billion; Robinhood Chain mainnet launched; Singapore obtained a capital markets services license; completed the acquisition of WonderFi. After the financial report was released, Robinhood rose about 4% in after-hours trading.

Samsung Electronics released its Q2 2026 financial report, with revenue of 171.5 trillion Korean won (approximately $118.8 billion), a year-on-year increase of 130%, and a quarter-on-quarter increase of 28%, setting a new record for a single quarter; operating profit was 89.5 trillion Korean won (approximately $62 billion), a year-on-year increase of 1813.8%, and a quarter-on-quarter increase of 56.4%, exceeding market expectations by about 5%; net profit was 71.62 trillion Korean won (approximately $49.6 billion), a staggering year-on-year increase of 1299.9%. Earnings per share were 10,849 won, a year-on-year increase of 52%.The Device Solutions (DS) division reported revenue of 127.5 trillion Korean won, with operating profit of 89.2 trillion Korean won, a quarter-on-quarter increase of 56%, driven by demand for AI server memory, with both revenue and profit reaching historical highs. HBM4 has been mass-produced and shipped, and HBM4E samples have been delivered to major customers. The Device Experience (DX) division saw a quarter-on-quarter revenue decline of 9%, with the MX business affected by component cost pressures, reporting revenue of 33.2 trillion Korean won and an operating loss of 0.7 trillion Korean won.Samsung expects strong demand for server DRAM, eSSD, and HBM to continue in the second half of the year, with a tight market supply situation persisting, although demand in the mobile and PC sectors may see some slowdown. The company plans to expand sales of high-value-added products such as HBM4, DDR5, and SOCAMM2, and to mass-produce new mobile products using the second-generation 2nm process, aiming for double-digit revenue growth in its foundry business.

According to Jinshi reports, Meta, Microsoft, Qualcomm, and ARM will announce their Q2 2026 financial reports after the US stock market closes.

SK Hynix released its Q2 2026 financial report, with revenue of 79.3 trillion Korean won (approximately 52.9 billion USD), a year-on-year increase of 257% and a quarter-on-quarter increase of 51%; operating profit of 60.5 trillion Korean won (approximately 40.3 billion USD), a year-on-year increase of 557% and a quarter-on-quarter increase of 61%, with an operating profit margin of 76%; net profit of 93.9 trillion Korean won (approximately 62.6 billion USD), with a net profit margin of 118%, which includes a one-time gain of approximately 62.2 trillion Korean won from the sale of Kioxia shares. The cumulative revenue for the first half of the year has surpassed 100 trillion Korean won for the first time. Although the performance set a new historical high for a single quarter, it fell short of market expectations for revenue of 83.9 trillion Korean won and operating profit of 64.2 trillion Korean won, leading to a drop of over 5% in ADR after the financial report was released.The growth in performance is driven by the increase in both volume and price of high-performance AI products (HBM, eSSD, etc.). HBM4 has begun mass production and shipment in Q2, with plans to expand production in the second half of the year; samples of HBM4E have been delivered. The company has finalized long-term supply agreements (LTA) with about 10 customers, securing approximately 50% of sales volume. As of the end of the quarter, cash and cash equivalents reached 88 trillion Korean won, with a net cash position of 69.4 trillion Korean won. The company expects capital expenditures in 2026 to reach the upper end of the 40-50 trillion Korean won range and is advancing the mass production of the Cheongju M15X and the construction of the Yongin cluster.

According to Bloomberg, PayPal announced its second-quarter results, with adjusted earnings per share of $1.38, exceeding analysts' expectations of $1.27; total payment volume reached $486.4 billion, also higher than market estimates.The company also raised its adjusted earnings per share guidance for 2026 to $5.38, above last year's level. Previously, private equity firm Advent and payment competitor Stripe had made an acquisition offer of about $60 per share, to which PayPal did not respond in its latest statement. Since taking office in March this year, new CEO Enrique Lores has restructured the business lines and plans to cut about 20% of the workforce in the next two to three years.

According to Jinshi reports, SK Hynix will announce its second-quarter results on the 29th. Following Samsung Electronics, SK Hynix is expected to achieve a record high in profits for the second quarter of this year.Based on reports from 14 brokerages compiled by the Korean financial information agency Yonhap Infomax over the past month, SK Hynix's second-quarter revenue and operating profit are expected to be 84.0597 trillion won and 64.0899 trillion won, respectively. The expected operating profit for the second quarter is about 17 trillion won higher than the annual operating profit of 47.2 trillion won last year.Adding the operating profit of 37.6103 trillion won from the first quarter of this year, SK Hynix's operating profit for just the first half of the year will exceed 100 trillion won. Earlier this month, Samsung Electronics also released a preliminary performance report, showing strong performance in its DS division, with an operating profit of 89.4 trillion won. If SK Hynix's performance meets market expectations, the combined operating profit of the two companies for the second quarter will exceed 150 trillion won.

Galaxy Research Director Alex Thorn posted on the X platform that the second quarter's dormant Bitcoin awakening volume hit a new low since the third quarter of 2022, significantly decreasing from the high levels of 2024 and 2025.

According to the analysis by the crypto venture capital firm 1kx (@1kxnetwork), on-chain fees in the second quarter of this year decreased by 33% year-on-year, with DEX fees dropping by $625 million (-57%), mainly dragged down by Meteora, Raydium, and PancakeSwap, which together generated $1.5 billion in fees in the first half of last year; blockchain and MEV fees decreased by $362 million (-40%); launch platform fees fell by 57%, with Pump.fun contributing nearly half of the decline.Some sectors achieved counter-cyclical growth: perpetual contract and prediction market fees increased by 22% year-on-year, led by edgeX and Hyperliquid, with Polymarket contributing nearly $100 million in a single quarter; the lending and asset management sectors continued to grow, with Morpho, USDai, and Maple Finance each increasing by $9 million to $19 million; Canton Network added $179 million in L1 fees, but most of this was driven by incentives. Despite the overall decline in industry fees, token holder distribution returns remained stable, with Binance burn still accounting for a significant share, and protocols like Hyperliquid have incorporated buybacks and burns into their regular policies.

According to Business Insider, Alphabet's total number of employees increased from 187,103 to 198,933 in the year ending June 30, 2026, with a net increase of 11,830 people. Among them, the increase in Q2 2026 alone exceeded 4,000 people, accounting for more than one-third of the total net increase over the past year, marking the largest quarterly increase in recent years. The company's revenue during the same period was $119.8 billion, a year-on-year increase of 24%.Previously, Google laid off 12,000 employees in a one-time action in 2023, followed by several rounds of small-scale adjustments. Last week, about 4,500 employees jointly submitted a petition to CEO Sundar Pichai, requesting stronger layoff protections. Alphabet stated that it will prioritize the long-term development of AI and has raised its capital expenditure expectations for 2026 to $195 billion to $205 billion, citing that the demand for AI infrastructure continues to exceed available capacity.

Intel released its second-quarter financial report, with revenue of $16.1 billion, a year-on-year increase of 25%, marking the strongest quarterly growth in over fifteen years, exceeding market expectations of $14.4 billion; adjusted earnings per share were $0.42, higher than the expected $0.21. Under GAAP, the net loss was $11 billion, primarily due to a $12.5 billion loss in market value related to the custodial shares under the U.S. government's CHIPS Act agreement.Revenue from the Data Center and AI business (DCAI) was $6.3 billion, a year-on-year increase of 59%; revenue from Client Computing and Physical AI business (CCPG) was $8.9 billion, an increase of 13%; Intel's foundry business revenue was $5.8 billion, an increase of 31%. The company stated that data center orders have exceeded current supply capacity, and it has signed 10 long-term server CPU supply agreements. Gross margin rebounded from 27.5% in the same period last year to 40.4%, with operating cash flow of $7 billion. Intel expects third-quarter revenue to be between $15.8 billion and $16.8 billion, with adjusted EPS of approximately $0.38, all above market expectations. After the financial report was released, Intel's stock price rose about 11% in after-hours trading.

Tesla announced its second-quarter financial report, with revenue of $28.24 billion, exceeding market expectations of $25.71 billion, a year-on-year increase of 26%; adjusted earnings per share of $0.33, significantly lower than the expected $0.51; net profit of $1.11 billion, a year-on-year decrease of 5%. Gross margin fell to 16.8%, down from 17.2% in the same period last year and below the market expectation of 19.4%. Operating expenses surged 47% year-on-year to $4.35 billion, and operating profit margin plummeted from 4.1% to 1.4%, mainly affected by AI and R&D investments.Free cash flow turned negative at $1.1 billion, compared to positive $146 million in the same period last year, with capital expenditures soaring 142% year-on-year to $5.79 billion. The company stated that investments in capacity construction and infrastructure for AI computing power, battery materials, and semiconductor manufacturing are ongoing. Revenue from the automotive business was $20.52 billion, a year-on-year increase of 23%, energy business revenue was $3.14 billion, an increase of 13%, and revenue from services and other businesses was $4.58 billion, an increase of 50%. FSD subscription users reached 1.48 million, a quarter-on-quarter increase of 56%. Tesla's stock price has fallen approximately 17% year-to-date.