Tesla and other earnings results after U.S. stock markets close on Oct. 23

Tesla and other earnings results after U.S. stock markets close on Oct. 23

Tesla, Lam Research, IBM, QuantumScape, Alcoa, Molina Health And More After The Stock Exchange Closing

Tesla (TSLA): Down 3% After-hours
Tesla Q3 earnings hit all-time highs in terms of scale expansion, with revenue of $28.1 billion (YoY +11.6%) and vehicle deliveries of 497,099. However, EPS missed market expectations ($0.56) at $0.50, while operating margin ratio plunged to 5.8% from 10.8% year-over-year. This is estimated to be due to forward purchases following the end of the U.S. tax credit and aggressive price-cutting policies. These contradictory results illustrate a dilemma between near-term growth momentum and maintaining profitability, with after-hours shares falling over 3%

Meanwhile, Musk and other executives present their vision for the future, emphasizing that Tesla is at a critical inflection point of introducing AI into the real world and is a clear leader in related fields. Musk has announced plans to expand production in earnest based on the confidence that he will fundamentally change the concept of transportation by implementing full self-driving with only software updates of existing vehicles. Specifically, the company claims that it will begin driverless operations in Austin within a few months and expand the robotaxi to 10 locations by the end of the year. The behind-the-scenes and pedal-free Cybercap is expected to be produced in the second quarter of next year. In addition, Optimus announced that it will unveil a human-like, realistic V3 model in the first quarter of next year, expected to be the largest product in human history. The project’s biggest challenge is implementing human hands and building a supply chain for mass production of 1 million units a year. In addition, it also has a long-term strategy of securing Tesla’s own AI ecosystem and technological edge through AI 5, a customized AI hardware that is expected to improve performance 40 times compared to previous generations.

Lam Research (LRCX): Turning 1% Down After Hours
Semiconductor equipment manufacturer Ram Research reported strong earnings with EPS of $1.26 (expected $1.22) and sales of $5.32 billion (YoY of 27.6%). The guidance also showed better-than-expected sales of 5.2 billion (±300 million dollars). Immediately after the announcement, the company showed a strong increase after the hours. However, as China’s share of quarterly revenue is a big 43% in the conference call, concerns are high about geopolitical risks and concerns about a near-term margin decline are highlighted when the company reports a 48.5% gross profit margin for the next quarter

IBM: Down 6% After Hours
IBM announced positive earnings by posting 16.33 billion U.S. dollars in sales and raising its annual sales growth rate to more than 5 percent. However, while the software sector, which is a key growth engine, grew by 10 percent, the market was already disappointed by the growth rate of AI and cloud-related businesses

QuantumScape (QS): Up 10% After Hours
QuantumScape announced concrete progress on meeting its technology and commercialization goals, along with a smaller-than-expected net loss. It announced a high-performance demonstration program of QSE-5 battery technology through the “Dukati V21L race motorcycle” with Volkswagen Group, and announced the completion of one of its core goals in 2025: the shipment of Cobra-based QSE-5 B1 sample cells. In addition, referring to the announcement of a ceramic separator development partnership with Corning and active cooperation with the new Top-10 global automotive OEM, the company demonstrated the initial performance of its “capital lightweight licensing model” through the generation of $12.8 million in customer claims. In particular, the 12-month extension of the surplus cash flow outlook from 2029 to “end of the decade” is the main reason that the stock soared along with the advancement of technology commercialization, increasing confidence in financial stability

Alcoa (AA): Slightly lower after-hours
Alcoa’s EPS was good at $0.02 negative, but fell when its sales only reached $2.99 billion. The sluggish sales eventually suggest a slowdown in the economy, indicating that the outlook for the future is not optimistic. In particular, the results of next quarter’s guidance are also negative as the aluminum sector is expected to continue to put pressure on earnings due to increased tariff costs on Canadian imports and inefficiency in restarting Spanish smelters.

Meanwhile, looking at the manufacturing sector based on the Alcore announcement, it suggests that trade issues are affecting corporate sales. From an industry perspective, Alcore’s sluggish sales and conservative outlook show that demand for manufacturing (automobiles, construction, etc.), a major consumer of aluminum, continues to slow down in the short term. On the other hand, the push to develop gallium plants, which are essential for semiconductors and clean energy, clearly shows the growing strategic importance of the supply chain of key minerals and high-tech materials through government-led support

Molina Health (MOH): Down 18% After-hours
Molina Healthcare plunged this year after its EPS also fell sharply from $19 to $14 due to rising health care costs in all sectors. Most companies, including United Health, fell