Hyperscaler earnings in Q2 were reported up 28%, but this masks significant weakness: excluding 'other income' (unrealized capital gains), earnings were up only 17%, and excluding semiconductors entirely, earnings growth was only mid-single digits.
factualpending
Speaker
Peter BookavarEvidence Quote
“If you look at Q2 earnings that were up like 28%. If you take out the other income, it was like 17%. If you take out semiconductors, it was like mid-s single digits.”
Created: 8/12/2026, 6:20:13 PM
My Notes
Loading notes...