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News brief · 2026-07-23

Financial Daily News — 2026-07-23

AI infrastructure remained the dominant theme, with AMD’s AI event coinciding with fresh enterprise-software and defense earnings reports.

AMD holds Advancing AI 2026 event

AMD hosted its Advancing AI 2026 keynote in San Francisco, highlighting AI infrastructure, architecture, development tools and enterprise deployments. The event ran July 22–23, with CEO Lisa Su delivering the July 23 keynote.

ServiceNow reports Q2 growth and raises subscription outlook

ServiceNow reported second-quarter results, including subscription revenue of $3.877 billion and total revenue of $3.987 billion. The company said it exceeded the high end of its Q2 topline-growth and profitability guidance and raised its full-year subscription-revenue outlook.

IBM reports mixed Q2 segment performance, with software growth led by hybrid cloud and data

IBM reported second-quarter results showing software revenue of $7.8 billion, with hybrid cloud revenue up 11% and data revenue up 19%. Infrastructure revenue declined 7%, including a 42% decline in IBM Z revenue.

Lockheed Martin completes initial flight-testing phase for Nomad 100 UAS

Sikorsky, a Lockheed Martin company, announced completion of initial ground and flight testing for its Nomad 100 uncrewed aerial system under DARPA’s EVADE program. The announcement was made during the Farnborough International Air Show.

Lockheed Martin reports Q2 sales growth and record backlog

Lockheed Martin reported second-quarter sales of $20.1 billion, net earnings of $1.8 billion and a record backlog of $230 billion. The company also reported $3.2 billion in cash from operations and $2.9 billion in free cash flow.

Oil and rates remain market focus amid Middle East tensions

Reuters reported that oil prices rose as the Middle East conflict intensified, while investors looked ahead to the Federal Reserve’s upcoming meeting for clues about the path of interest rates.

Bitcoin holds near $65,000 as investors monitor U.S. crypto legislation

Bitcoin was described as steady near $65,000, with market attention focused on progress surrounding the U.S. Clarity Act. Ethereum was also included in the market update.

ServiceNow (NYSE: NOW) — reported July 22

ServiceNow reported Q2 earnings and said it beat the high end of its own topline-growth and profitability guidance. Subscription revenue reached $3.877 billion, while the company raised its full-year subscription-revenue outlook.

IBM (NYSE: IBM) — reported July 22

IBM reported second-quarter earnings, with software revenue of $7.8 billion and hybrid-cloud revenue up 11%. The company’s infrastructure segment declined 7%, led by lower IBM Z revenue.

Tesla (NASDAQ: TSLA) — reported July 22

Tesla released its second-quarter 2026 financial results after the market close on July 22 and held a management Q&A webcast. No verified beat-or-miss comparison is included here.

Lockheed Martin (NYSE: LMT) — reported July 23

Lockheed Martin reported second-quarter earnings, with sales of $20.1 billion, net earnings of $1.8 billion and a record backlog of $230 billion. No verified analyst beat-or-miss comparison is included here.

Intel (NASDAQ: INTC) — scheduled to report July 23; results not verified in this digest

Intel had scheduled its second-quarter 2026 report for after the July 23 market close, but a verified results release was not available for inclusion here.

Sources

Every figure above is drawn from real, dated public disclosures and links back to its source. See our methodology for how this is built.

Informational only — NOT financial advice.