{"id":639522,"date":"2026-08-06T01:53:38","date_gmt":"2026-08-06T01:53:38","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/08\/06\/block-raises-2026-outlook-on-strong-quarter-says-ai-touches-nearly-all-code-2\/"},"modified":"2026-08-06T01:53:38","modified_gmt":"2026-08-06T01:53:38","slug":"block-raises-2026-outlook-on-strong-quarter-says-ai-touches-nearly-all-code-2","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/08\/06\/block-raises-2026-outlook-on-strong-quarter-says-ai-touches-nearly-all-code-2\/","title":{"rendered":"Block raises 2026 outlook on strong quarter, says AI touches nearly all code"},"content":{"rendered":"

\"Block<\/p>\n

Cash App and Square drove better-than-expected results, while the company said it expanded its use of AI across software engineering.<\/p>\n

Fintech company Block (XYZ) lifted its full-year outlook after reporting a strong second quarter driven by growth in Cash App and Square, with gross profit up 25% year over year to $3.17 billion, ahead of Block\u2019s prior guidance.\u00a0<\/p>\n

Second-quarter adjusted operating income also exceeded guidance, reaching $855 million, according to a results filing<\/a> on Wednesday. Adjusted diluted earnings per share were $1.02, beating the Wall Street consensus estimate of 87 cents per share.<\/p>\n

The results led Block to lift its full-year gross profit guidance to $12.51 billion from $12.33 billion, and adjusted operating income to $3.47 billion from $3.34 billion.\u00a0<\/p>\n

Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Cash App and Square drove better-than-expected results, while the company said it expanded its use of AI across software engineering. Fintech company Block (XYZ) lifted its full-year outlook after reporting a strong second quarter driven by growth in Cash App and Square, with gross profit up 25% year over year to $3.17 billion, ahead of […]<\/p>\n","protected":false},"author":1,"featured_media":639512,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-639522","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/639522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=639522"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/639522\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/639512"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=639522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=639522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=639522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}