自由现金流： Snowflake二季度未经调整自由现金流为5,820万美元，占营收5%；经调整自由现金流为6,780万美元，占营收6%。 业绩指引： 来源 | 硬AI AI数据云平台公司Snowflake周三公布2026财年第二季度（截至2025年7月31日）财务业绩，该公司上调了2026财年的产品收入预期，主要因企 业在人工智能支出上持续加码，推动其数据分析服务需求强劲增长，缓解了市场对经济放缓以及新兴AI公司抢占市场份额可能冲击传统软件厂 商的担忧。消息发布后，该公司股价在盘后交易中一度上涨13%。 以下是Snowflake二季度财报要点： 主要财务数据： 产品营收： Snowflake二季度GAAP与非GAAP营收均为10.905亿美元，高于市场预期的10.4亿美元，同比增长32%。 产品毛利： Snowflake二季度GAAP口径下为7.882亿美元，毛利率为72%；非GAAP口径为8.336亿美元，毛利率为76%。 运营利润： Snowflake二季度GAAP下亏损3.403亿美元，营业利润率为-30%；非GAAP下盈利1.276亿美元，利润率为11%。 调整后每股收益： Snowflake二季度调 ...

Core Insights - Intuitive Machines, Inc. (LUNR) is expected to report its second-quarter 2025 results on August 7, prior to market opening, with a history of outperforming earnings estimates in three of the last four quarters, averaging a 57.42% earnings surprise [1]. Group 1: Revenue and Earnings Performance - The second quarter is anticipated to show strong revenue growth driven by lunar payload, data analytics, and data transmission services for NASA and commercial contractors [2]. - Successful completion of the IM-2 mission is expected to contribute to revenue, with payments anticipated in the upcoming quarter, likely resulting in higher revenues reflected in the income statement [3]. - Despite strong revenue generation and higher gross profit from efficient program execution, increased selling, general, and administrative expenses due to investments in infrastructure and technology upgrades may negatively impact earnings [4]. Group 2: Financial Estimates - The Zacks Consensus Estimate for LUNR's second-quarter sales is projected at $68.4 million, representing a 65.2% increase from the same quarter last year [5]. - The consensus estimate for loss is set at six cents per share, indicating a decline from the previous year's loss of five cents [5]. Group 3: Earnings Prediction Model - The current model does not predict a definitive earnings beat for LUNR, with an Earnings ESP of -9.09% and a Zacks Rank of 4 (Sell), suggesting lower chances of outperforming earnings expectations [6][7].

Summary of Key Points Core Insights - In April 2025, China's primary market saw 632 financing events, a 4% increase from the previous month but a 26% decrease year-on-year. The total disclosed financing amount reached 27.045 billion RMB, up 34% month-on-month but down 20% year-on-year [2][3]. Financing Events - The top industries for financing events were smart manufacturing (176 events), healthcare (85 events), and artificial intelligence (79 events), with smart manufacturing showing a significant month-on-month increase of 21% [2][5]. - The leading regions for financing events included Jiangsu (106 events), Guangdong (94 events), Shanghai (88 events), Zhejiang (80 events), and Beijing (75 events) [11][13]. - The distribution of financing events by stage showed early-stage investments dominating with 497 events (78.64%), followed by growth stage with 107 events (16.93%) and late stage with 28 events (4.43%) [15]. IPO Activity - In April 2025, 23 Chinese companies completed IPOs, a decrease of 8% from the previous month but an increase of 44% year-on-year. The total amount raised was 10.304 billion RMB, down 43% month-on-month but up 98% year-on-year [29][30]. - The majority of IPOs were in traditional industries (7 companies), followed by consumer (3), smart manufacturing (2), automotive (2), and finance (2) [32]. M&A Activity - There were 15 M&A events in April 2025, a significant decrease of 53% from the previous month and 85% year-on-year. The total disclosed amount was 454 million RMB, down 60% month-on-month and 99% year-on-year [37][38]. - The top industries for M&A events included logistics and warehousing, finance, traditional industries, energy and power, and enterprise services, with finance leading in transaction value at 300 million RMB [38]. Global Financing Trends - Globally, there were 41 new large financing events in April 2025, with China contributing 9 events, accounting for 22% of the total. The disclosed financing amount from China was 13.385 billion RMB, representing 4% of the global total [18]. - No new unicorns were added in China during this month, while globally, 5 new unicorns were reported [23].