ATI reported quarterly earnings of $1.46 per share, exceeding the consensus estimate of $1.36 and showing significant growth from $0.85 a year ago. On October 30, Amazon announced targets for AWS growth above 40% in 2027 and 2028, driven by surging AI demand and infrastructure spending. Additionally, Eli Lilly raised its 2026 revenue outlook due to strong obesity drug sales, while First Solar cut its 2026 projections citing weaker demand and delayed customer decisions.
Cloud computing unit sales accelerated to $46 billion, while Lilly raised its revenue outlook and cut its earnings-per-share forecast, and First Solar lowered its annual sales guidance.
Read the full storySales rose 26% year over year to $1.42 billion, while adjusted earnings per share came in at $1.46, separate from GAAP earnings per share.