Earnings Whispers - August 7, 2025

Summary for Wednesday, August 6, 2025

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A summary of guidance and results for the day, with a list of top surprises
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Top Earnings News

AppLovin Beat Expectations

Logo for AppLovin CorporationAppLovin (APP) reported earnings of $2.26 per share on revenue of $1.26 billion for the second quarter ended June 2025. The consensus earnings estimate was $1.99 per share on revenue of $1.21 billion. The Earnings Whisper number was $2.15 per share. The company beat expectations by 5.12% while revenue grew 16.54% on a year-over-year basis.

The company said it expects third quarter revenue of $1.32 billion to $1.34 billion. The current consensus revenue estimate is $1.31 billion for the quarter ending September 30, 2025.

Adam Foroughi, CEO, said, "Q2 2025 was another great quarter. Driven by continued strength in gaming advertising. Our growth comes from improved technology, increased demand, as well as from supply-side expansion."

AppLovin’s leading marketing platform provides developers a powerful set of solutions to grow their mobile apps.

Chart for AppLovin Corporation

Positive Guidance

Airgain Guides to a Third Quarter Profit

Logo for Airgain, Inc.Airgain, Inc. (AIRG) said it expects third quarter non-GAAP earnings of approximately $0.01 per share on revenue of $13.0 million to $15.0 million. The current consensus estimate is a loss of $0.01 per share on revenue of $14.85 million for the quarter ending September 30, 2025.

Airgain is a leading provider of advanced wireless connectivity solutions and technologies used to enable high performance wireless networking across a broad range of devices and markets, including consumer, enterprise, and automotive.

Chart for Airgain, Inc.

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Negative Guidance

Revolution Medicines Lowers Guidance

Logo for Revolution Medicines Revolution Medicines (RVMD) said it now expects a 2025 loss of $1.09 billion to $1.03 billion, including stock-option expense, or a loss of approximately $5.78 to $5.46 per share. The company's previous guidance was a net loss of $900.0 million to $840.0 million, or a loss approximately of $5.18 to $4.83 per share and the current consensus estimate is a loss of $4.33 per share for the year ending December 31, 2025.

Revolution Medicines is a clinical-stage oncology company developing novel targeted therapies for RAS-addicted cancers.

Chart for Revolution Medicines

Other Top Guidance Announcements

FSLYFastly Raises Guidance, but Earnings Remain Below Estimates
SVCOSilvaco Reaffirms
MRAMEverspin Guides In-line
RYNRayonier Sees Earnings Above Estimates
VECOVeeco Guides In-line
MKSIMKS Instruments Guides In-line
KLICKulicke & Soffa Guides Above Estimates
EHABEnhabit Raises Earnings Guidance
OPRTOportun Financial Narrows Guidance Above Estimates
IONQIonQ Raises Guidance but Remains In-line with Estimates
CDLXCardlytics Sees Revenue Below Estimates
OPFIOppFi Raises Guidance
KAROPENLANE Raises Guidance

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Positive Surprise

Sunrun Beat Expectations

Logo for SunrunSunrun (RUN) reported earnings of $1.07 per share on revenue of $569.34 million for the second quarter ended June 2025. The consensus estimate was a loss of $0.18 per share on revenue of $557.23 million. The Earnings Whisper number was a loss of $0.09 per share. The company beat expectations by 1,288.89% while revenue grew 8.68% on a year-over-year basis.

“We are delivering the best product and experience for customers, underwriting volumes with strong unit margins, driving cost and efficiency improvements, and growing our generation capabilities as the nation’s largest distributed power plant operator, hitting records this summer in providing energy capacity for the grid. This focus resulted in Sunrun setting a new record in the second quarter for Contracted Net Value Creation as we achieved an all time high 70% storage attachment rate. Not only is Sunrun providing Americans with the reliable and affordable energy they need to power their lives, we are scaling our generation business, and helping to stabilize the electricity grid while we do it,” said Mary Powell, Sunrun’s Chief Executive Officer.

Sunrun Inc. is the nation’s leading home solar, battery storage, and energy services company.

Chart for Sunrun

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Negative Surprise

Claros Mortgage Trust Missed Consensus Estimates

Logo for Claros Mortgage Trust IncClaros Mortgage Trust (CMTG) reported a loss of $0.80 per share on revenue of $51.63 million for the second quarter ended June 2025. The consensus estimate was a loss of $0.06 per share on revenue of $42.43 million. The company missed consensus estimates by 1,233.33% while revenue fell 19.93% compared to the same quarter a year ago.

“We are seeing signs of a more constructive capital markets environment in commercial real estate, despite a prolonged period of elevated interest rates,” said Richard Mack, Chief Executive Officer and Chairman of CMTG. “We had a meaningful uptick in portfolio activity during the second quarter, including the realization of eight loans. As a result, we have more than doubled our liquidity position since year-end and feel we are well positioned to continue this positive progress into the second half of 2025.”

Claros Mortgage Trust Inc. is a real estate investment trust which is focused primarily on originating senior and subordinate loans on transitional commercial real estate assets. Claros Mortgage Trust Inc. is based in NEW YORK.

Chart for Claros Mortgage Trust Inc

A calendar showing logos of companies scheduled to report earnings on the next business day.

D-Wave Quantum is Expected to Beat Estimates

Logo for D-Wave Quantum Inc.D-Wave Quantum (QBTS) is confirmed to report earnings on Thursday, August 7, 2025 at approximately 7:00 AM ET. The consensus estimate is a loss of $0.06 per share on revenue of $2.52 million, respresenting 15.4% year-over-year revenue growth, and the Earnings Whisper ® number is a loss of $0.04 per share. Investors are 13.1% bearish going into the company's earnings release. Option traders are pricing in a 15.1% move on earnings and the stock has averaged a 14.1% move in recent quarters.

Chart for D-Wave Quantum Inc.

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A list showing logos of companies scheduled to report earnings on the next business day based on expected moves.


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