MU Surges After Earnings Selloff; QCOM Pushes Into AI Data Centers, Aiming to Take Share From NVDA | Daily News RecapJun 25 at 03:48 AMNVDA+2.30%MU-1.17%
TCOM (Trans): Aims to serve 10x inbound travelers within 5 yrsJun 25 at 12:43 AM09961-2.19%TCOM-2.45%
Trip.com 1Q26 First Take: likely under regulatory overhang, the company finally released its delayed Q1 results. Overall, three takeaways stand out: 1) results remained solid with healthy revenue growth and profits; 2) the regulatory review is ongoing, with final remediation and any penalties still undisclosed; 3) management guided next-quarter revenue growth to just 3%–8%, with profitability to be hit as well, a post-pandemic low that signals regulatory impact starting to bite. Revenue grew ~17% YoY, a modest slowdown from the 20%+ pace in the prior quarter but above the 15% street view. GPM fell ~90bps YoY, but expenses, especially marketing, came in well below expectations, lifting earnings. Adj. OP exceeded RMB 4.6bn (+10% YoY), beating the RMB 4.45bn estimate.Leaving the beat aside, GPM still contracted ~90bps YoY while total opex rose 18%, outpacing revenue. This suggests an investment phase, pressuring margins (OPM narrowed 120bps YoY) and leading to limited profit conversion from top-line growth.While current results are decent, the key issue is the very weak guide for next quarter. Management cited two drivers: the U.S.-Iran conflict and higher oil prices weighing on travel in affected regions, and voluntary operating adjustments to comply with regulators.As the Middle East is not Trip.com's core overseas market, and OTA peers have actually traded well recently on World Cup tailwinds, Dolphin Research believes the U.S.-Iran conflict is not the primary factor. Domestic regulatory impact likely matters more.Details in the release are limited, so watch the earnings call and subsequent small-group meetings for updates on the review and potential business impact. $Trip.com(TCOM.US) $TRIP.COM-S(09961.HK)Jun 24 at 07:20 PM09961-2.19%TCOM-2.45%
Musk outlines orbital AI compute blueprint; INTC soars on inclusion in leading AI chip foundry shortlist | Daily News RecapJun 9 at 03:38 AM09988-2.91%BABA-1.20%
HTHT: After the reset and rebound, how long can the poster-child status last?---Mar 18 at 10:31 AM01179-2.80%HTHT+1.23%
19:35 ETINVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Trip.com Group Limited of Class Action Lawsuit and Upcoming Deadlines - TCOMprnewswire·Mar 12 at 06:37 PMTCOM-2.45%HTGD-1.74%
TCOM: After the regulatory crackdown, can it remain a lean, high-quality play? ---Feb 26 at 07:51 AM09961-2.19%TCOM-2.45%
TCOM 4Q25 First Take: Results were solid, with both strengths and weaknesses. The highlight is revenue growth beating prior guidance across the board, with a clear acceleration. A minor weakness is expenses ramped meaningfully, especially marketing, pushing GAAP OP below expectations. Given limited disclosure in the release and the market's focus on recent regulatory issues and potential impact, please refer to the upcoming Trans for more detail. Quarter details: Key points below. 1) Total revenue rose nearly 21% YoY, a clear step-up from 15% last quarter and well ahead of guidance and Street. By biz. line, growth picked up across segments. Outperformance came mainly from package tours and Ads & Other, two smaller lines that surprised on the upside. 2) Alongside strong topline, total opex growth accelerated to 23% YoY despite a tough base, outpacing revenue. The main driver was marketing spend, up 30%+.With JD and Fliggy stepping up, while unlikely to dent TCOM's share, they likely raised traffic acquisition pressure, resulting in GAAP OP coming in ~4% below expectations. More detail will be in the upcoming Trans.Feb 25 at 07:15 PM09961-2.19%TCOM-2.45%
TCOM Investor News: Rosen Law Firm Encourages Trip.com Group Limited Investors to Inquire About Securities Class Action Investigation - TCOMMorningStar·Feb 12 at 05:50 PM09961-2.19%AWAY-1.38%
Trip.com, Regencell Bioscience, And Atlassian Are Among Top 10 Large Cap Losers Last Week (Jan. 12-Jan. 16): Are the Others in Your Portfolio?benzinga_article·Jan 18 at 11:31 AMTCOM-2.45%09961-2.19%
Can Trip.com Recover After Beijing Gives It the ‘Jack Ma’ Treatment?Barchart Option·Jan 18 at 08:02 AMHTGD-1.74%09961-2.19%
