The contrast is striking between a European ecosystem, hampered by scarcer capital and a fragmented industrial policy, and the American tech giants who are chaining the quarterly results record. Of Figma to Qualcommthe publications reflect a return to growth and renewed confidence for the end of 2025. Driven byGenerative AITHE cloud and the diversification of economic modelsmost companies exceed expectations, despite exceptional expenses and an uncertain macroeconomic context. Shopify and Palantir sign record quarters, Arm and AMD establish themselves as pillars of theAI infrastructurewhile Snap and Pinterest straighten their margins. Between acceleration of incomeimprovement of the profitability And investments massive in artificial intelligence, American tech is approaching 2026 with unprecedented visibility on its growth.
Figma exceeds expectations and anticipates 35% growth in the fourth quarter
Figma published a turnover of $274.2 million (≈ €233 million) in the third trimester, increase of 38% over one yearexceeding consensus forecasts ($265.2 million expected). Despite this performance, the company displays a net loss of $1.10 billion (≈ €934 million). Commercial momentum remains solid with 1,262 clients exceeding $100,000 in annual spendingeither +13% over one quarterand a 131% net retention ratein progress.
Growth is driven by Figma Makeits design tool powered by generative AI, used every week by 30% of major customers. For the fourth quarter, Figma anticipates between $292 and $294 million in revenueabove expectations and representing growth of 35%.
The company has just madeacquisition of the startup Weavy to strengthen its AI-based creative capabilities, and plans to continue to invest massively in artificial intelligenceeven if it means temporarily reducing its margins.
Snap raises its quarter and announces an agreement with Perplexity
Snap releases a turnover of $1.507 billion (≈ €1.281 million) in Q3 2025, in 10% increase over one year, with a growing user base (DAU 477 M, +8%; MAU 943 M, +7%). Profitability improves: net loss reduced to $104 million (≈ €88 million), Adjusted EBITDA $182 million (≈ €155 million), operating flow $146 million (≈ €124 million) And free cash flow $93 million (≈ €79 million).
To limit dilution, the council authorizes a share repurchase up to $500 million (≈ €425 million) financed by cash, while the company had $3.0 billion liquidity as of September 30, 2025.
Snap seals deal with Perplexity to integrate its search engine into Snapchat; Perplexity will pay $400 million (≈ €340 million) in cash and shares over one year, with expected revenue contributions from 2026.
Shopify posts record third quarter with 32% growth
Shopify released a turnover of $2.84 billion (≈ €2.42 billion) in the third quarter of 2025, in increase of 32% over one yearmarking nine consecutive quarters of double-digit profitability. THE gross merchandise volume (GMV) reached $92 billionin progression 32%while the monthly recurring revenue (MRR) climbs to $193 millioncompared to $175 million a year earlier.
THE operating profit amounts to $343 millionup 21% year-on-year. THE gross profit reached $1.39 billionillustrating the rise of the subscription model and merchant services.
“We build, we deliver, we grow. This model is firing on all cylinders,” said Harley Finkelsteinpresident of Shopify, emphasizing that “every 26 seconds, an entrepreneur makes their first sale on Shopify”. The financial director Jeff Hoffmeister greeted a “exceptional quarter”marked by simultaneous growth in turnover and profitability.
Pinterest sees 17% growth
Pinterest published a turnover of $1.05 billion (≈ €893 million) for the third quarter, in increase of 17% over one yearwith a Adjusted EBITDA at $306 millionhigher than forecast ($295 million).
The platform exceeded audience expectations with 600 million monthly active usersagainst 590 million anticipatedconfirming the growth dynamic of its international audience.
For the fourth quarter, Pinterest anticipates revenue of between $1.31 and $1.34 billion.
Robinhood doubles its revenues and posts a record quarter
Robinhood recorded a record turnover of $1.27 billion (≈ €1.08 billion) in the third quarter of 2025, in 100% increase over one yeardriven by strong growth in transaction-related revenues (+129% to $730 million) and interest income (+66% to $456 million). The group displays a net profit of $556 million (≈ €474 million).
L’Adjusted EBITDA jumps 177% to $742 millionwhile the total assets under management reach $333 billionup by 119% over a year.
Robinhood has enriched its offering with Prediction Markets and the integration of Bitstampand plans to continue its international expansion and investments in new lines such as Robinhood Ventures.
Lyft reassures markets with sustained growth and solid forecast
Lyft released a turnover of $1.69 billion (≈ €1.44 billion) in the third trimester, increase of 10.7% over one year. Her Adjusted EBITDA stands at $138.9 million.
The group convinced investors by announcing gross bookings expected up to $5.13 billion (≈ €4.36 billion) in the fourth quarter, i.e. 20% increase over one year and a level higher than analysts’ forecasts.
This rebound confirms the positive dynamics of the platform, which should record its second consecutive year of positive cash flow.
Uber posts solid growth but suffers from exceptional charge of $479 million
Uber recorded a turnover of $13.5 billion (≈ €11.5 billion) in the third trimester, increase of 20% over one yeardriven by the continued progression of its mobility and delivery activities. THE gross bookings reach $49.7 billionexceeding analysts’ forecasts. The number of monthly active users crossed the milestone for the first time 150 million.
L’Operating EBIT stands at $1.1 billionup 5% over one year but below the $1.6 billion expecteddue to a exceptional provision of $479 million linked to disputes and tax investigations. THE net profit stands at $6.6 billioncompared to $2.6 billion a year earlier, driven by a $4.9 billion tax credit and a gain of $1.5 billion on participations.
For the fourth trimesterUber anticipates gross bookings between $52.25 and $53.75 billion. The group expects strong activity over the holiday period, supported by demand for transport and delivery in North America and Europe.
The CEO Dara Khosrowshahi confirmed the group’s diversification strategy (autonomy, commerce and AI), while recognizing that robotaxis activities will remain loss-making “for a few more years”. Uber recently signed partnerships with Waymo, Lucid And Nuroand plans to launch its robotaxis services in San Francisco in 2026.
Palantir Sees 63% Growth, Raises Annual Guidance Using AI
Palantir has published a turnover of $1.18 billion (≈ €1.0 billion) in the third trimester, increase of 63% over one yeargreatly exceeding expectations ($1.09 billion). THE adjusted earnings per share reached $0.21against $0.17 anticipated. THE triple net profit at $475.6 million (≈ €403 million)supported by the rapid expansion of its commercial and government activities.
The company plans to fourth trimester A revenue of approximately $1.33 billionhigher than the consensus ($1.19 billion), and for the whole year, a turnover of approximately $4.4 billion.
THE sales to the US government progress by 52% to $486 millionwhile the commercial income in the United States more than double to $397 million. The CEO Alex Karp attributes this dynamic to the rise of artificial intelligence, calling the company “direct beneficiary of the industrialization of AI”. Palantir is also strengthening its ecosystem with Snowflake, Lumen And Nvidia.
Arm reports record quarter and establishes itself as a key platform for global AI
Arm released a turnover of $1.14 billion (≈ €970 million) for its second fiscal quarter, in increase of 34% over one yearexceeding the upper limit of its forecasts and signing its third consecutive quarter above a billion.
At the heart of the quarter, Arm sealed a strategic partnership with Metacovering the calculation chain of glasses connected to data centersand extended its offer Compute Subsystem (CSS)now adopted by 11 clients and 19 licenses including Samsung, Oppo and Vivo. Its new Lumex CSSuntil 5 times more efficient in AIalready equips several flagship smartphones.
In the cloud, Neoverse CPUs now exceed 1 billion cores deployedpowering the AI infrastructures of players like NVIDIA (Grace), AWS (Graviton), Google (Axion) And Microsoft (Cobalt). Arm plans to reach nearly 50% CPU market share among hyperscalers in 2025.
Qualcomm exceeds expectations and anticipates a strong first quarter of 2026
Qualcomm released a turnover of $11.27 billion (≈ €9.58 billion) in the fourth fiscal quarter, in increase of 10% over one yearabove the $10.79 billion expected. Due to an exceptional tax burden, the group however shows a net loss of $3.12 billion (≈ €2.65 billion).
For the first quarter of 2026, Qualcomm aims between $11.8 and $12.6 billion in turnoverabove market forecasts.
Divisions handsets (+14% to $6.96 billion), automotive (+17% to $1.05 billion) And IoT (+7% to $1.81 billion) all exceeded expectations.
AMD records 36% growth and raises quarterly forecast
Advanced Micro Devices (AMD) has released a turnover of $9.25 billion (≈ €7.86 billion) for the third quarter of 2025, in increase of 36% over one year. The group anticipates for the fourth quarter approximately $9.6 billion in revenuei.e. sequential progress above expectations.
THE data center chip sales have progressed by 22% to $4.3 billionwhile the PC segment leaps from 73% at $4 billion. The CEO Lisa Su believes that AI activity could generate “tens of billions of dollars in annual revenue by 2027”. AMD strengthens its partnerships with OpenAI, Oracle and the US Department of Energy.
