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Lucid, Nuro, and Uber unveil a robotaxi during Nvidia Live at CES 2026 (Patrick T. Fallon/Getty Images)

Uber Q1 earnings, Q2 guidance come in above Wall Street estimates

Uber reported earnings before the bell Wednesday.

Rani Molla

Uber rose over 10% at one point in premarket trading Wednesday after earnings per share in the company’s first quarter beat analyst expectations, helping to offset a very slight revenue miss. For Q1, the company reported:

  • Adjusted EPS of $0.72, versus the FactSet analyst consensus of $0.69.

  • Revenue of $13.2 billion, compared with Wall Street’s $13.3 billion.

  • Bookings of $53.7 billion, versus the $52.8 billion analysts had forecast.

For the next quarter, Uber is forecasting adjusted EPS of $0.78 to $0.82, with the midpoint above the $0.78 that analysts had expected.

Uber has long been an asset-light entity, where contract drivers brought their own vehicles to Uber’s ride-hailing platform. That’s changed as the company, now at the center of the robotaxi era, has committed more than $10 billion to buying up robotaxi fleets and investing in the companies that make them. For context, Uber spent a total of $336 million in 2025 on capital expenditure.

On the earnings call, investors will be interested to hear how that spending affects Uber’s profits going forward.

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SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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