Overview
- U.S. stocks ended higher as retail traders zeroed in on Tesla, ServiceNow, QuantumScape, IBM and Intel following fresh first-quarter results and guidance, with Intel also drawing interest as analysts turned more upbeat on pricing, data centers and AI partnerships.
- Tesla reported $22.71 billion in first-quarter revenue and 408,386 vehicle deliveries, said Full Self-Driving subscriptions reached 1.28 million, and told investors it expects Cybercab robotaxis and the Semi to start production this year.
- ServiceNow posted $3.77 billion in revenue and $0.97 adjusted EPS, guided second-quarter subscription sales to $3.815–$3.82 billion, flagged geopolitical delays to deal timing, and the stock fell about 12.6% after hours.
- QuantumScape logged a narrower $0.16 per-share loss, reaffirmed full-year loss and capital spending plans, and said a second top‑10 global automaker completed a technology evaluation alongside Volkswagen, sending shares sharply higher after hours.
- IBM beat estimates with $15.92 billion in revenue and $1.91 EPS, projected more than 5% constant-currency growth for 2026 with roughly $1 billion more cash flow, and its shares declined in late trading.