Stock Movers Hewlett Packard Drops, Circle Internet Surges, First Solar Slumps as Net Sales Outlook Disappoints
Feb 25, 2026
Bailey Lipschultz, Bloomberg senior equities reporter who covers market-moving corporate earnings. She breaks down HP’s profit warning tied to memory costs and tariffs. She explains Circle’s surge driven by booming stablecoin demand. She outlines First Solar’s weaker net sales outlook and the questions it raises for near-term demand.
AI Snips
Chapters
Transcript
Episode notes
Memory Prices Threaten HP Earnings
- HP warned memory chip price pressures will depress earnings into fiscal 2026 and 2027.
- Bailey Lipschultz said constrained memory supply kept prices high, pushing HP to guide earnings at the low end and contributing to a 46% share decline over 12 months.
Stablecoin Demand Fuels Circle Surge
- Circle's USDC stablecoin demand surged, lifting revenue 77% to $770 million and net income to $133 million in the quarter.
- Bailey Lipschultz noted USDC circulation rose about 72% in 2025, driving a >18% intraday stock jump and a 130% rally since the June listing.
First Solar Outlook Sparks Big Selloff
- First Solar cut its net sales outlook for 2026 citing production and demand uncertainty, dragging shares down about 14% to September lows.
- Bailey Lipschultz said unclear U.S. clean‑tech policy and hesitant booking left analysts like Baird's Ben Kallo more negative on near‑term visibility.