$SAIC

The EU is reportedly asking China to limit hybrid car exports to 15% of the EU market, as Chinese automakers like BYD, Geely, and Chery set export records. Chinese hybrids took 9.8% of the EU market in H1 2026, with BYD overtaking Tesla in registrations. The EU's request comes amid falling domestic sales in China and rising exports, with BYD and Geely reporting significant export growth. The EU's potential tariffs and trade measures could impact these automakers' market share and revenue.

MG Motor Australia announced the U9 EV ute for the Australian market, featuring 430km WLTP range, 3500kg towing capacity, and 5.8s 0-100km/h. Pricing is yet to be revealed, but deliveries are expected soon. The U9 EV will likely beat its twin, the LDV eTerron 9, to market. MG claims it will be the first market to receive the U9 EV.

Bank of America identified BYD, Chery, SAIC, and Leapmotor as key Chinese EV manufacturers gaining ground in Europe. BYD leads with 47% of Chinese PHEV and 35% of BEV volumes, while Chery specializes in PHEVs. SAIC is a steady BEV player, and Leapmotor focuses solely on BEVs. Leapmotor's revenue rose 57.2% YoY in H1 2026, but it cut its full-year profit outlook.

14 Chinese automakers reported H1 2026 revenue of 1.47 trillion yuan, with only 1 profitable. Traditional automakers like BYD, Geely, and Great Wall saw mixed results, while 7 new EV brands posted total losses of 15.9 billion yuan. CATL, a battery supplier, reported 43.28 billion yuan in profit, exceeding the total profit of all 14 automakers combined.

Iran conflict escalation has lifted oil prices, benefiting defense, solar, and refining stocks. SAIC (NASDAQ: SAIC) reported strong Q2 2027 results with 5% organic revenue growth, $193M adjusted EBITDA, and raised its earnings outlook. SolarEdge (NASDAQ: SEDG) saw Q2 2026 revenue growth of 20% but faces financing and market challenges. Marathon Petroleum (NYSE: MPC) reported a near-fourfold profit surge in Q2 2026 due to high crack spreads, with shares up 140% YTD.

SAIC Maxus, a subsidiary of SAIC Motor, is focusing on commercial vehicle chassis technology to meet growing demand for new-energy vehicles. The company reported strong sales growth in August 2026, with total sales up 48% and new-energy vehicle sales up 79%. SAIC Maxus is hosting a chassis technology showcase to partner with suppliers and accelerate R&D and mass production of new models.

SAIC (NASDAQ:SAIC) rose 5.5% after beating Q2 2026 estimates. Reddit (NYSE:RDDT) fell 3.4% following EU regulatory action. Fortrea (NASDAQ:FTRE) gained 3% on acquisition news. GitLab (NASDAQ:GTLB) surged 10.9% after strong Q2 2026 results. G-III (NASDAQ:GIII) dropped 9.2% due to revenue miss and weak guidance.

Science Applications International Corporation (SAIC) reported Q2 2027 revenue of $1.88B, up 6.3% YoY, with a book-to-bill ratio of 0.6. Total backlog is $22.1B, including $3.8B funded. Organic revenue growth was 5.3%, and cash flow increased 20%. SAIC raised fiscal 2027 revenue guidance to $7.2B-$7.3B. A post-quarter $740M DHS award may boost next quarter's bookings.

Audi and SAIC Motor launched a joint innovation hub in Shanghai to develop China-exclusive AUDI models. The venture will focus on vehicle tech, AI smart cockpits, and advanced driver-assistance systems. Four new models are planned for the Audi ADP 2.0 platform, with the first launching in 2028. The companies did not disclose ownership details.

Science Applications International Corp (SAIC) reported Q2 2027 organic growth of 5%, driven by broad-based strength and improved outlay environment. Management achieved a 90% recompete win rate, securing future growth. Project Orbit, now in implementation, aims to improve efficiency and reduce costs. The company raised FY 2027 guidance for revenue, EBITDA, and EPS, targeting mid-10% margins next year and 11% by 2030. SAIC expects $150M in annual savings from Project Orbit by 2030, with two-thir