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Top Midday Stories: Netflix Q2 Revenue, Q3 Guidance Miss Estimates; SpaceX Aborts Launch, Shares Tumble
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Top Midday Stories: Netflix Q2 Revenue, Q3 Guidance Miss Estimates; SpaceX Aborts Launch, Shares Tumble
Jul 17, 2026 8:57 AM

11:35 AM EDT, 07/17/2026 (MT Newswires) -- All three major US stock indexes were down Friday, as chipmakers led the way down on the final trading day of the week.

In company news, Netflix ( NFLX ) reported fiscal Q2 earnings late Thursday of $0.80 per diluted share, up from $0.72 a year earlier and above the FactSet consensus analyst estimate of $0.79. Fiscal Q2 revenue was $12.56 billion, up from $11.08 billion but below the FactSet consensus of $12.58 billion. For Q3, the company expects EPS of $0.82 on revenue of $12.86 billion. Analysts polled by FactSet expect $0.84 and $13 billion, respectively. For full-year 2026, Netflix ( NFLX ) expects revenue of $51 billion to $51.4 billion, up from its previous guidance of $50.7 billion to $51.7 billion. Analysts expect $51.38 billion. Netflix ( NFLX ) shares were down 8.5% around midday.

SpaceX's (SPCX) Starship rocket triggered an "automatic launch abort" Thursday, with the launch possibly rescheduled "in a few days," Chief Executive Elon Musk said Thursday on X. SpaceX shares were down 5.3%.

Travelers (TRV) reported Q2 core income Friday of $10.04 per diluted share, up from $6.51 a year earlier and above the FactSet consensus of $5.41. Second-quarter revenue was $12.15 billion, up from $12.12 billion a year ago and above the FactSet consensus of $11.26 billion. Travelers shares were up 8.6%.

Intuitive Surgical ( ISRG ) reported fiscal Q2 adjusted earnings late Thursday of $2.80 per diluted share, up from $21.9 a year earlier and above the FactSet consensus of $2.51. Fiscal Q2 revenue was $2.89 billion, up from $2.44 billion a year earlier and above the FactSet consensus of $2.83 billion. Intuitive shares were down 12.5%.

Cadence Design Systems ( CDNS ) and Rapidus will jointly work to advance agentic AI for advanced-node system-on-chip design under a new collaboration, Cadence said late Thursday. The companies will combine Rapidus AI-native design and manufacturing ecosystem for advanced-node semiconductors with Cadence's agentic AI design orchestration technology. Cadence shares were down 10.7%.

Price: 68.15, Change: -6.21, Percent Change: -8.35

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