Post Content
LIVE Updated 39 mins ago
Updated 1 min read
Earnings season is in full swing as the busiest week of the quarter kicks off.
This week, five more “Magnificent Seven” Big Tech companies report results after Tesla (TSLA) kicked things off for the group with an earnings beat. Microsoft (MSFT), Amazon (AMZN), Alphabet (GOOG, GOOGL), and Meta Platforms (META) reported after the bell on Wednesday, and Apple (AAPL) reports on Thursday.
Beyond tech, investors will hear from other companies such as Spotify (SPOT), Coca-Cola (KO), Robinhood (HOOD), Chevron (CVX), and Exxon Mobil (XOM).
Despite ongoing risks from the Iran war, artificial intelligence, and delayed Fed rate cuts, Wall Street analysts have remained optimistic about earnings growth, the stock market’s primary driver over the long term.
In the first quarter, analysts expect the S&P 500 (^GSPC) to report its sixth consecutive quarter of double-digit earnings growth, according to FactSet’s John Butters.
LIVE 24 updates
-
Yahoo Finance’s Pras Subramanian reports:
Stellantis (STLA), the parent company of Jeep, Dodge, Fiat, and Chrysler, released first quarter earnings that topped analyst expectations, but investors were left wanting more, especially without updated guidance.
For the quarter, Stellantis reported revenue of 38.13 billion euros ($44.59 billion) vs 38.49 billion euros ($45.06 billion) per Bloomberg consensus, up 6% compared to last year. Stellantis posted adjusted EPS of 0.21 euros ($0.25) vs. 0.12 euros ($0.14) and adjusted operating income of 960 million euros ($1.12 billion) vs 568 million euros ($664.2 million) expected, up nearly 200% from a year ago.
Shares dropped over 5% in pre-market trade.
-
Yahoo Finance’s Brooke DiPalma reports:
Chipotle (CMG) reported that sales improved in the first quarter on Wednesday as the burrito chain aimed to regain momentum amid a tricky consumer backdrop.
Same-store sales rose 0.5% in Q1, beating expectations for a 0.9% decline, according to Bloomberg consensus data. Revenue grew to $3.09 billion, more than the $3.07 billion expected, while adjusted earnings per share came in line with expectations at $0.24, though profits declined from $0.29 per share in the same quarter last year.
Chipotle reiterated its forecast for no sales growth in 2026 as its core customer continues to face economic pressure, leading to a decline in traffic.
Chipotle stock popped more than 3% in after-hours trade.
-
Yahoo Finance’s Dan Howley reports:
Google parent Alphabet (GOOG, GOOGL) reported its first quarter results on Wednesday, beating on the top and bottom line, on strong cloud growth.
Alphabet stock has climbed roughly 30% over the past six months, beating out Amazon (AMZN), up 15%, and Microsoft (MSFT), which is off about 20%.
Much of that is thanks to the success of Google’s cloud platform and Gemini artificial intelligence models.
-
Yahoo Finance’s Dan Howley reports:
Qualcomm (QCOM) announced its second quarter earnings on Wednesday, topping Wall Street estimates on top and bottom lines, but falling short on Q3 guidance.
The company said it anticipates third quarter revenue of between $9.2 billion and $10 billion. Analysts were looking for $10.23 billion.
But Qualcomm also said it sees the market for Chinese smartphones bottoming in the current quarter, a potentially positive sign for the company.
Qualcomm stock rose more than 13%.
-
Yahoo Finance’s Pras Subramanian reports:
Ford (F) reported solid first quarter results on Wednesday after the bell as a one-time benefit from the rollback of President Trump’s “Liberation Day” tariffs boosted Q1 profit and full-year outlook. A recovery in F-150 truck sales will also aid results in the back half of the year, but rising materials costs are a headwind.
For the quarter, Ford reported automotive revenue of $39.82 billion versus $38.48 billion, per Bloomberg consensus, with adjusted earnings per share (EPS) of $0.66 versus $0.19 expected and adjusted EBIT of $3.5 billion versus $1.26 billion.
Ford said Q1 adjusted EBIT of $3.5 billion reflected a “$1.3 billion one-time International [Emergency Economic Powers Act/”Liberation Day”] tariff benefit, with strong product mix and net pricing,” and growth in services boosting results.
Ford shares were up 6% in after-hours trading.
-
Yahoo Finance’s Myles Udland reports:
Meta Platforms (META) reported first quarter earnings on Wednesday that showed profits beat forecasts but indicated the company plans to continue ramping its spending on AI as its profits again blew away Wall Street forecasts.
The company reported earnings per share (EPS) of $10.44 on revenue of $56.3 billion. Wall Street analysts expected adjusted earnings of $8.15 per share on revenue of $55.5 billion, according to Bloomberg estimates.
Read more here.
-
Yahoo Finance’s Dan Howley reports:
Microsoft (MSFT) reported its third quarter results after the bell on Wednesday, beating analysts’ expectations on the top and bottom lines and said its AI business now has a $37 billion annual revenue run rate, up 123% year over year.
Microsoft stock fell more than 1% on the news after initially climbing higher.
For the quarter, Microsoft saw earnings per share (EPS) of $4.27 on revenue of $82.89 billion. Wall Street was anticipating EPS of $4.04 on revenue of $81.46 billion, based on Bloomberg analyst consensus estimates.
Microsoft says its Copilot service now exceeds 20 million paid seats, up from the 15 million the company reported in Q2.
It also said it has remaining performance obligations of $627 billion, up 99% year-over-year, with a weighted-average duration of 2.5 years. Excluding OpenAI, RPO was up about 26%, which is more in line with season averages.
On capital expenditures, Microsoft said it spent $31.9 billion, with two-thirds of that going to assets, including GPUs and CPUs.
Microsoft saw EPS of $3.46 and revenue of $70.06 billion in the same period last year.
-
Amazon (AMZN) beat the Street’s estimates on first quarter earnings per share and revenue, citing strong performance in its AWS cloud division and positive results from ongoing investment in artificial intelligence.
Amazon stock slipped 1% in after-hours trading.
Yahoo Finance’s Jared Blikre and Daniel Howley report:
The company’s earnings per share for the first quarter was $2.78, up from $1.59 a year ago. Revenue was $181.5 billion, up from $155.7 billion.
Analysts had expected earnings per share of $1.62 on revenue of $177.2 billion, according to Bloomberg analyst consensus estimates.
Amazon’s quarterly earnings report comes as investors look for signs that massive spending on artificial intelligence by Big Tech hyperscalers is paying off. All totaled, the AI hyperscalers are expected to spend a whopping $650 billion in capital expenditures in 2026.
-
General Dynamics (GD) surged by more than 5% in premarket trading after the company posted strong beats on both the top and bottom lines in its first quarter report.
First quarter adjusted earnings were $4.10 per share, above analyst estimates of $3.69 per share. Revenue for the quarter was $13.5 billion, against estimates of $12.7 billion.
The aerospace and defense manufacturer saw its order backlog grow to $130.8 billion, up from roughly $88.7 billion one year ago. General Dynamics’ aerospace and marine segments led revenue growth.
“This was a very powerful quarter in all respects,” president Danny Deep said on a call with analysts shortly after the earnings report was published. “Each of the segments demonstrated better performance … [that] exceeded our own expectations.”
-
Fast food operator Yum! Brands (YUM) reported solid earnings, sending the stock 1% higher in premarket trading.
First quarter adjusted earnings per share rose 15% year over year to $1.50, beating expectations of $1.39 per share. Overall same-store sales growth rose 3% in the quarter, led by sales at Taco Bell. Here’s how each restaurant chain performed on comparable sales:
-
KFC: up 2%
-
Taco Bell: up 8%
-
Pizza Hut: flat
Yum! Brands is reportedly exploring its options with Pizza Hut — including a sale of the business.
“We do believe some bold news needs to be made,” Yum! Brands CEO Chris Turner told Yahoo Finance’s Brian Sozzi last week about Pizza Hut. “There’s likely going to need to be investment in the brand. There may need to be some ownership of stores. So there’s a lot of work to be done now. Some of those things are things that Yum! typically doesn’t do.”
-
-
Humana (HUM) stock fell more than 4% after the health insurer reaffirmed its adjusted profit guidance of $9 but lowered its nonadjusted GAAP earnings per share guidance “to ‘at least $8.36’ from the previous estimate of ‘at least $8.89.’“
Humana anticipates a decline in guidance due to a lower Star Rating in 2026 from Medicare, which affects how much the insurer receives in Medicare bonuses.
Investing.com reports:
Adjusted earnings per share came in at $10.31, beating analyst estimates of $10.20. The health insurer’s first quarter adjusted EPS came in at the high end of the company’s guidance of approximately 110% to 115% of full year 2026 adjusted EPS.
-
Yahoo Finance’s David Hollerith reports:
SoFi posted a solid quarter of growth on Wednesday, even as its banking-as-a-service platform struggles.
Adjusted net revenue for SoFi climbed 41% to a record $1.1 billion, exceeding analyst estimates for $1.05 billion, according to data compiled by Bloomberg.
“We had an excellent first quarter,” CEO Anthony Noto said in a statement, citing how the company added 1.1 million new members during the period, bringing its total user base up 35% to 14.7 million.
On a non-adjusted basis, profits for the San Francisco, Calif.-based fintech bank reached $167 million, or $0.12 per share, in line with what the Street expected. Adjusted EBITDA also beat analyst expectations, rising 62% year over year to $340 million.
SoFi’s stock fell 8% in early Wednesday trading.
-
Booking Holdings (BKNG) stock slid in extended trading after the travel company said the war in Iran was weighing on bookings and slashed its forward guidance.
“We estimate room night growth was negatively impacted by approximately 2 percentage points by the conflict in the Middle East,” the company said in its earnings release. On gross bookings, it added, “We estimate that the conflict in the Middle East impacted gross bookings growth in line with the impact observed in room night growth.”
For 2026, Booking Holdings cuts its revenue guidance to high single digits from a previous outlook for low double-digit growth.
“For the full year 2026, our planning assumption is that the direct and indirect impact from the conflict in the Middle East continues through the end of June, followed by a recovery in bookings in the second half of the year,” the company said.
-
Yahoo Finance’s David Hollerith reports:
Robinhood (HOOD) stock slid as much as 6% in after-hours trading on Tuesday as the company said its Q1 profit and revenue fell short of Wall Street estimates.
The financial app said that profits rose 3% from the prior year to $346 million, or $0.38 per share, while net revenue rose 15% from the first quarter of last year to $1.07 billion.
Analysts were expecting $382 million, or $0.42 per share, and net revenue of $1.14 billion, according to data compiled by Bloomberg.
A big source of revenue for the Robinhood, fees from crypto trades, fell 47% from the first quarter of last year, driven by a slump across the digital asset world that kicked off late last year and worsened through early February. The figure was slightly lighter than analysts expected.
-
Reuters reports:
T-Mobile (TMUS) raised its forecast for annual postpaid net account additions on Tuesday, as competitive pricing and bundled streaming benefits help the U.S. wireless carrier attract customers in a saturated market.
The company expects to add between 950,000 and 1.05 million postpaid accounts in 2026, up from 900,000 to 1 million previously. Accounts count billing relationships, not individual subscribers, meaning one family or business account can cover multiple lines or devices.
“Over 90% of our postpaid accounts actually have more than one line in that relationship,” CFO Peter Osvaldik told Reuters in an interview.
T-Mobile said in February it would stop reporting postpaid phone subscriber additions from the first quarter, as it shifts focus to account growth and average revenue per account.
For the first quarter, postpaid net account additions came in at 217,000, compared to Visible Alpha estimates of 193,236 additions.
The results come against the backdrop of a report by Reuters that Deutsche Telekom, which has a 53% stake in T-Mobile, is exploring a deal to combine with the U.S. telecom operator.
-
A big quarter for Starbucks’ turnaround story is lifting the stock more than 5% after hours. In its fiscal Q2, Starbucks reported across-the-board revenue and earnings beats and raised its full-year profit outlook.
Yahoo Finance’s Brooke DiPalma reports:
In the second quarter, Starbucks posted global same-store sales growth of 6.2%, beating Wall Street’s forecasts of 3.7% growth, according to Bloomberg consensus data. Last year, the company saw a 1% decline in overall same-store sales growth in the second quarter.
Starbucks reported adjusted earnings per share of $0.50, beating estimates of $0.43 and rising from $0.41 per share reported in the same period last year. Revenue grew to $9.5 billion, beating estimates of $9.14 billion.
Looking ahead, Starbucks raised its full-year profit and same-store sales growth outlooks. For 2026, Starbucks sees global and US comparable store sales growth of more than 5%, up from its previous guidance of 3% or greater.
-
Coca-Cola (KO) beat Wall Street’s expectations as consumers across the globe bought more across its portfolio.
Global unit case volume was up 3%, more than the roughly 1% Wall Street expected, per Bloomberg consensus data. In North America, volume grew 4%.
CFO John Murphy told Yahoo Finance the strength was due to a mix of “strong marketing,” the lapping of a softer first quarter last year, and momentum across all categories, including Coca-Cola Zero Sugar and more premium options like FairLife, which he called “a home run” for the business.
The launch of single-serve mini-cans in convenience retail stores helped drive growth.
“Value is more top of mind than it was, say, a couple of years ago … being able to innovate with different pack sizes, different price points, depending on the channel, depending on the geography, we know that playbook works, and it’s a matter of being able to execute it at scale over time,” he said.
Murphy said the Mexican sugary beverage tax increase did impact the quarter, leading to a decline in volume there.
Plus, the company raised its fiscal year outlook.
It now expects adjusted earnings to grow 8% to 9% in 2026, up from a previous expectation of 7% to 8% growth, which Murphy said was a “reflection of a change in the effective tax rate,” which is now just over 19%, compared to the previous expectation of 20.9%.
When asked if transportation costs for the year are up because of the war in Iran, Murphy said, “not so much” in the first quarter, but the company is “looking closely at how things play out for the rest of the year and adjusting appropriately.”
-
BBC News reports:
BP’s profits for the first three months of the year have more than doubled following a surge in oil prices since the beginning of the Iran war.
In its first results since the conflict broke out, the energy giant reported profits of $3.2bn (£2.4bn) between January and March after an “exceptional” performance in its oil trading business.
The figure was higher than analysts had expected and far ahead of income in the same period last year which reached $1.38bn.
The oil price has seen sharp swings since the start of the US-Israel war with Iran as the key Strait of Hormuz – which usually carries about 20% of the global supplies of oil and liquid natural gas – has been effectively closed.
BP refinery smoking stack towers over cranes at entrance in Rotterdam, Netherlands. · ClaudineVM via Getty Images -
Spotify (SPOT) stock tanked 11% after its second quarter operating income guidance missed the mark.
For Q2, Spotify guided for an operating income of 630 million euros ($736 million), below estimates of 675 million euros ($789 million). In the first quarter, operating income was 715 million euros, with higher costs driven by marketing and cloud and AI spend.
For the first quarter, Spotify beat estimates on the top and bottom lines. Revenue grew 8% year over year to 4.53 billion euros ($5.3 billion), slightly ahead of estimates of 4.52 billion euros. Earnings per share of 3.45 euros beat the estimate of 2.95 euros.
The company reported 761 million monthly active users, slightly ahead of its guidance for 759 million users, while the 293 million premium users were in line with guidance.
-
Yahoo Finance’s Pras Subramanian reports:
General Motors (GM) on Tuesday morning reported first quarter profits that topped estimates and raised its full-year forecast as the company’s tariff exposure decreased more than expected.
GM posted Q1 revenue of $43.62 billion, against an estimated $43.68 billion, down slightly from the $44 billion reported a year ago. The company reported Q1 adjusted earnings per share of $3.70 against $2.62 expected and $2.78 a year ago. Its adjusted EBIT (earnings before interest and taxes) came in at $4.253 billion, up 22% compared to a year ago.
GM also raised its full-year 2026 EBIT adjusted guidance due to a favorable adjustment of approximately $500 million resulting from the Supreme Court decision nullifying some of President Trump’s tariffs. The tariff adjustment also improved its North America region margins.
Terms and Privacy Policy