Check out the companies that made the biggest pre-market moves: Tesla — Shares fell nearly 6% after the company reported missing second-quarter earnings. Profit margins came under pressure, and Tesla’s free cash flow also became negative. Alphabet — Google’s parent company fell 4.5% after raising its outlook for capital spending this year to beef up its artificial intelligence capabilities. Alphabet expects to spend between $195 billion and $205 billion in 2026, up from its previous forecast of up to $190 billion. Lockheed Martin — The defense giant soared 6% after reporting better-than-expected second-quarter results. Lockheed earned $7.94 per share on revenue of $20.06 billion. Analysts polled by FactSet had expected sales of $19.34 billion and earnings of $7.19 per share. The company also raised its full-year profit forecast. IBM — The legacy technology giant reported second-quarter profit and revenue that fell short of analysts’ expectations. This comes after preliminary financial results released by the company last week caused the biggest drop in IBM stock history. Texas Instruments — The chipmaker reported second-quarter results that beat street expectations. Earnings per share came to $2.14, exceeding LSEG’s estimate of $1.93 per share. Revenue was $5.46 billion, beating the consensus estimate of $5.25 billion. However, the stock price fell 3.2%. Eli Lilly — The pharmaceutical company announced it will file for approval of its next-generation obesity drug in the first quarter of 2027 following successful results in two late-stage trials. In one study, obese adults with cardiovascular disease lost 55.8 pounds, or an average of up to 22.6% of their body weight, at 80 weeks, according to a company release. The stock price is down just over 1%. Comcast — The telecom giant reported a second-quarter profit beat while also highlighting the strength of NBCUniversal ahead of a planned spinoff of the division. Shares rose slightly premarket.
