Baidu (BIDU) stock climbed higher early Monday after the Chinese search engine company reported first-quarter results ahead of analyst expectations. The company touted the growth of its AI cloud offering as its advertising business continued to slow.
Urban One has released earnings for Q1, showing a reduction in the loss column compared to the year-ago Q1. In dollars and cents the company reported a net loss of $3.1 million, translating to sixty-nine cents per share. It's a substantial narrowing of the loss column compared to Q1 2025, which showed $11.7 million in the loss column.
Last quarter, Nextpower delivered revenue of $909 million, up 34% year over year, with adjusted EPS of $1.10, beating the $0.94 consensus. Backlog crossed $5 billion, with record European bookings and a strong U.S. order book. Management raised FY26 guidance to revenue of $3.425 billion to $3.5 billion and adjusted EPS of $4.26 to $4.36. They also stood up the Nextpower Arabia JV with an initial 2.25 gigawatts order, authorized a $500 million buyback, and acquired Fracsun.
Plug Power reported Q1 2026 revenue of $163.51 million, up 22% year over year (YoY) and beating the $139.76 million consensus. Adjusted EPS came in at -$0.08 versus the -$0.1033 estimate. Plug Power's GAAP gross margin improved to -13% from -55% in the prior-year quarter, a 42 percentage point swing. CEO Jose Luis Crespo stated, "Our first quarter results reflect strong commercial execution and continued progress improving the underlying economics of the business and positions us to achieve our EBITDAS positive target in Q4 2026."
We're going to be substantially increasing our investments in the future, referring to the $25 billion the company plans to spend this year alone on AI software and chips, as well as more traditional manufacturing and design costs.
