Post Content
LIVE Updated 8 mins ago
Updated 1 min read
First quarter earnings season is in full swing, with a full slate of semiconductor and consumer companies slated to report results.
Despite ongoing risks from the Iran war, S&P 500 corporations have continued to print profits in Q1, with the index on track for double-digit earnings growth. Reports from five of the “Magnificent Seven” giants last week underscored that tech companies continue to underpin Wall Street’s optimism.
Headlining the tech earnings calendar this week will be Palantir (PLTR), Advanced Micro Devices (AMD), CoreWeave (CRWV), and Arm Holdings (ARM). Household-name brands like McDonald’s (MCD), Tyson Foods (TSN), Novo Nordisk (NVO), Walt Disney (DIS), Uber UBER), and Toyota Motor (TM) will also provide updates on consumer health.
LIVE 52 updates
-
Yahoo Finance’s Pras Subramanian reports:
Uber (UBER) reported rising revenue, trips, and upbeat guidance before the bell on Wednesday, as the ride-hailing giant performs in a tough macroeconomic environment.
Uber’s first quarter gross bookings came in at $53.72 billion vs $52.9 billion expected, up 25% year over year, and better than Uber’s guidance range of $52 billion to $53.5 billion.
Uber said trips grew 20% year over year to 3.6 billion, with Monthly Active Platform Consumers (MAPCs) up 17% year over year to 199 million.
Uber stock jumped 9% in premarket trade
-
CVS (CVS) stock rose in premarket trading after the pharmacy and health company reported an earnings beat and guidance raise for the first quarter.
CVS reported adjusted earnings per share of $2.57 on revenue of $100.4 billion. Wall Street was expecting adjusted earnings of $2.21 on revenue of $95 billion.
The company increased its full-year adjusted earnings per share guidance to a range of $7.30 to $7.50 from $7.00 to $7.20.
CVS said this reflects increases in the Health Care Benefits and Pharmacy & Consumer Wellness segments, while maintaining a cautious outlook for the remainder of the year amid continued elevated cost trends and macroeconomic uncertainty.
-
Disney stock (DIS) popped 6% in premarket trading on Wednesday following an earnings and revenue beat in the company’s first quarterly report under its new CEO, Josh D’Amaro.
Yahoo Finance’s Brooke DiPalma reports:
For the quarter, Disney reported adjusted earnings per share of $1.57, above the Street’s forecasts of $1.51. Revenue grew by 7% to $25.2 billion, ahead of expectations for $24.8 billion, according to Bloomberg data. Total operating income for the company totaled $4.6 billion in the quarter, an increase from $4.4 billion a year ago.
Revenue for Disney’s experiences division, which includes its parks and cruise businesses and was formerly led by D’Amaro before he became CEO, fell to $9.5 billion from a record $10 billion in the first quarter. The decline was driven by a 1% decrease in attendance at its US parks, even as spending per customer on admissions, food, and merchandise increased 5% in the quarter.
Yet, the company said current demand is strong for its US parks and that it expects attendance to improve in the third quarter compared to last year.
-
Supermicro (SMCI) stock soared 18% after hours on Tuesday. A strong fourth quarter revenue forecast amid robust demand for artificial intelligence servers lifted shares.
Reuters reports:
The server maker has been a primary beneficiary of the AI arms race, with its ability to quickly build and ship customized, high-performance servers making it a preferred vendor for data center operators and AI startups.
“With the addition of our new U.S. manufacturing facilities in Silicon Valley, we are exceptionally well-positioned to meet the massive demand for various AI and enterprise verticals,” CEO Charles Liang said in a statement.
The company projected fourth-quarter revenue in the range of $11 billion to $12.5 billion, compared with analysts’ average estimate of $11.07 billion, according to data compiled by LSEG.
-
Yahoo Finance’s Daniel Howley reports:
AMD (AMD) reported its first quarter results after the bell on Tuesday, beating analysts’ expectations on the top and bottom lines and topping Wall Street’s projections on second quarter revenue outlook.
For the quarter, AMD saw earnings per share (EPS) of $1.37 on revenue of $10.25 billion. Analysts were calling for EPS of $1.28 and revenue of $9.89 billion, according to Bloomberg analyst consensus estimates.
The company saw EPS of $0.96 and revenue of $7.43 billion in the same quarter last year.
In the second quarter, AMD said it will see between $10.9 billion and $11.5 billion in revenue. Wall Street had the amount pegged at $10.52 billion.
AMD’s Q1 data center revenue came in at $5.8 billion, up 57% year over year and ahead of expectations of $5.6 billion.
AMD stock jumped over 6% in after-hours trading.
-
Yahoo Finance’s Pras Subramanian reports:
Lucid (LCID) reported first quarter results after the bell that missed expectations, but the company believes its increased cash position and unmet demand will boost results later this year. Lucid stock has shed 40% this year.
Lucid posted Q1 revenue of $282.5 million versus $389.2 million expected, though that total was up 20% compared to last year. Lucid reported a wider-than-expected adjusted loss per share of $2.82 versus $2.65 estimated, with an adjusted EBITDA loss of $780.6 million versus $742.2 million expected.
Free cash flow in the quarter hit negative $1.44 billion, more than double the loss reported last year.
Lucid stock fell nearly 3% in after-hours trade.
Lucid’s losses come as the company fully ramps up production of its Gravity SUV and plans for the release of its midsize vehicle, slated for the beginning of 2027.
Earlier in April, Lucid announced Q1 production of 5,500 units, with deliveries totaling 3,093. However, the company noted a supplier issue hampered its ability to meet demand. Despite this, the company reaffirmed its prior production guidance of 25,000 to 27,000 vehicles.
-
Yahoo Finance’s Pras Subramanian reports:
Ferrari (RACE) reported a first quarter earnings beat before the bell on Tuesday and reaffirmed its guidance as the Italian automaker’s luxury consumers bucked tension in the Middle East by selling more sports cars and in other regions. The report comes as President Trump renews a tariff threat on the European Union.
For 2026, Ferrari projects revenue of about 7.5 billion euros ($8.78 billion), up 5% from a year ago, with adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) expected at 2.93 billion euros ($3.43 billion).
“The guidance has been predicated upon the visibility that we have today on the crisis in Middle East, and what happens may be uncertain or different, as we see it today, based also on the description of how we manage the deliveries there,” CFO Antonio Picca Piccon added.
The Middle East accounts for around 5% of Ferrari’s business.
Ferrari reported Q1 revenue of 1.85 billion euros ($2.17 billion) versus 1.82 billion euros expected, per Bloomberg consensus, up 3% compared to a year ago. Ferrari posted diluted EPS of 2.33 euros ($2.73) versus 2.30 euros expected and EBITDA of 722 million euros ($845.4 million), up 4% compared to last year.
Ferrari’s EBITDA margin hit an industry-leading 39.1%. The company also confirmed its prior guidance for 2026.
-
Pfizer (PFE) stock saw a modest loss in early trading on Tuesday despite beating expectations for its first quarter results.
Investing.com reports:
The pharmaceutical giant posted adjusted earnings per share of $0.75, beating the analyst consensus of $0.72 by $0.03. Revenue reached $14.5 billion, surpassing estimates of $13.84 billion and representing a 2% operational increase from the prior-year quarter of $13.7 billion. Excluding COVID-19 products Comirnaty and Paxlovid, revenues grew 7% operationally. The company’s launched and acquired products portfolio delivered 22% operational revenue growth YoY.
“We’re off to a strong start in 2026, and it reinforces our confidence that we will successfully navigate this defining period for Pfizer,” said Dr. Albert Bourla, Chairman and CEO. “Our R&D pipeline is advancing on multiple fronts – with positive Phase 3 readouts and encouraging mid-stage results building meaningful momentum – and I’m particularly encouraged by what we’re seeing in oncology and obesity.”
-
Shopify (SHOP) stock tanked 8% at the market open after the commerce technology forecast slowing sales growth in the second quarter.
For Q2, Shopify said it expects revenue growth in the “high-twenties percentage rate” compared to a year earlier, which would mark a deceleration from the 34% growth reported in the first quarter.
Elsewhere in the report, Shopify beat Q1 revenue expectations but swung to a net loss per share. Revenue of $3.17 billion exceeded estimates of $3.09 billion, while the company reported a loss of $0.45, compared to estimates of a $0.24 profit.
-
Duolingo (DUOL) disappointed investors despite posting positive Q1 results after the bell on Monday. Wall Street is reacting to the language-learning app’s moderated growth outlook as the company focuses on improving user experience and building retention and engagement.
“We are making long-term bets, and the returns on the investments we’re making are going to be 2027 and beyond,” CFO Gillian Munson said on Duolingo’s earnings call.
Duolingo stock tumbled 14% in after-hours trading.
Reuters reports:
The company said it expects bookings growth of about 10.5% for the year, with a slower pace in the second quarter before accelerating later in 2026. Duolingo has set a goal of reaching 100 million daily active users by 2028.
The language-learning platform reported revenue of $292.0 million in the first quarter, beating analysts’ estimates of $288.5 million, according to data compiled by LSEG, as subscription growth remained the primary driver of its business.
Daily active users rose 21% to 56.5 million, while paid subscribers increased 21% to 12.5 million, pointing to continued engagement across its global user base.
Total bookings grew 14% to $308.5 million in the first quarter, beating estimates of $301.7 million, according to data compiled by Visible Alpha.
Duolingo largely maintained its full-year revenue expectation, projecting revenue of about $1.21 billion, in line with analyst expectations. For the second quarter, the company forecast revenue of about $295.5 million, slightly ahead of estimates of $294 million.
-
Quartz reports:
Paramount (PSKY) reported first-quarter net earnings of $168 million, up from $152 million a year earlier, as its streaming and film businesses drove revenue growth and the company moved closer to completing its acquisition of Warner Bros. Discovery.
Against analyst forecasts of $7.28 billion in revenue and 15 cents in adjusted EPS, the company came in ahead on both measures — posting $7.35 billion in sales and 23 cents in adjusted earnings per share, per CNBC.
Streaming was the quarter’s brightest spot: the direct-to-consumer unit generated $2.4 billion in revenue, an 11% increase, and flipped to an adjusted EBITDA of $251 million after recording a $4 million loss a year ago. Subscriber growth at Paramount+ held up even after the platform raised prices in January for the first time since August 2024 — the service picked up 700,000 net additions to bring its total to 79.6 million, while revenue at the flagship climbed 17% from the prior-year period.
Paramount Skydance stock popped 3% in after-hours trading.
-
Yahoo Finance’s Ines Ferré reports:
Palantir Technologies (PLTR) reported record Q1 revenue and profit that topped analyst estimates, driven by surging sales to commercial clients and the US government sector.
The company’s revenue jumped 85% in the first three months of this year to $1.63 billion, beating the consensus estimate of $1.53 billion, according to Bloomberg data. The majority of that revenue, or $1.28 billion, came from the US alone.
Adjusted earnings per share rose more than 150% to $0.33, beating estimates of $0.28.
The company raised its full-year revenue guidance to $7.65 billion to $7.66 billion, up from prior guidance of $7.182 billion to $7.198 billion.
It also raised its US commercial revenue forecast for the year to $3.22 billion, up 120% from a prior growth projection of 115%.
Palantir stock rose 1% in after-hours trading.
-
Image-sharing platform Pinterest (PINS) delivered a revenue-beating Q2 earnings report after the bell on Monday, driven by steady ad spending and deeper AI integration. The California-based company also saw a sizable jump in monthly active users over the prior year.
Pinterest stock soared 18% in after-hours trading.
Reuters reports:
Pinterest forecast second-quarter revenue above analysts’ estimates on Monday, helped by steady spending from advertisers as the image-sharing platform sharpens its ad offerings with deeper artificial intelligence integration.
The company expects second-quarter revenue in the range of $1.13 billion to $1.15 billion, above analysts’ estimates of $1.11 billion, according to data compiled by LSEG.
It ended the first quarter with 631 million global monthly active users, up from the 570 million it had reported last year, a sign that its core product remains appealing to consumers seeking inspiration for everything from home decor to fashion and recipes.
Revenue for the first quarter rose 18% to $1.01 billion, above estimates of $966.25 million.
-
Norwegian Cruise Line (NCLH) in its Q1 earnings report lowered its 2026 profit outlook due to rising fuel costs and weaker bookings, especially to European countries, amid Middle East tensions. The cruise line said bookings are tracking below its target range. It also acknowledged execution missteps that resulted in shorter Caribbean itineraries.
Norwegian Cruise Line stock plunged 9% in morning trading.
Zacks reports:
Norwegian Cruise Line (NCLH) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +53.33%. A quarter ago, it was expected that this cruise operator would post earnings of $0.28 per share when it actually produced earnings of $0.28, delivering no surprise.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Norwegian Cruise Line, which belongs to the Zacks Leisure and Recreation Services industry, posted revenues of $2.33 billion for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.5%. This compares to year-ago revenues of $2.13 billion. The company has not been able to beat consensus revenue estimates over the last four quarters.
-
Tyson Foods beat on both adjusted earnings and revenue in its fiscal second quarter report as the protein craze pushed results higher.
Adjusted earnings came in at $0.87, beating Bloomberg consensus estimates of $0.79. Revenue came in at $13.65 billion, more than the $13.58 Wall Street expected.
“I would characterize it as just a continuation of what’s been going on. It’s just seeing the compounding effect of all the great work that’s been going on at Tyson for a number of quarters now,” CEO Donnie King said in a phone call with Yahoo Finance.
King said the company has hit a stride by investing in operations, including its supply chain and innovation — especially around prepared foods and protein — as well as value, offering various price points in this environment.
All that growth is offsetting ongoing challenges around beef.
The US cattle herd is at its lowest level in 75 years, per the USDA, prompting Tyson to close a beef facility earlier this year.
Higher prices, up 4.1%, especially for beef, up 11.5%, were a key driver of the quarter and offset lower volume for beef, down 13%.
In the quarter, chicken prices ticked higher, up more than expected at 1.8%, but volume was up just 1.7%, less than the 2.7% growth the Street expected.
“We think expectations into the print were for upside in Chicken to offset a shortfall in Beef. We view the magnitude of the Chicken beat as encouraging, along with the guidance boost for total company operating profit,” JPMorgan Thomas Palmer said in a note to clients.
More consumers are buying pork and Tyson’s prepared foods options, like its Jimmy Dean and Ball Park brands, offsetting results.
The company is in “fairly early innings” of connecting with more younger consumers, King said, with digital tools and products designed to target them, including Jimmy Dean high-protein breakfast bowls, high-protein sandwiches, and even high-protein waffles.
For 2026, the company now expects adjusted operating income to be in the range of $2.2 billion and $2.4 billion. That’s $100 million more than the previously expected range.
As the USDA expects a 2% decline in beef production this year, the company expects a loss of between $350 million and $500 million, a higher range compared to the previous low end of $350 million.
Tyson increased its profit outlook for chicken to a range of $1.9 billion to $2.05 billion, compared to its previous outlook of $1.65 billion to $1.90 billion this fiscal year.
Something else to watch: higher gas prices, which are now at $4.46, according to AAA data.
“If high gas prices persist, ultimately you’re going to see an impact on discretionary spending, and you’re going to see an impact on food service traffic then, so the consumer is going to go to retail from food service,” King said, adding that quick-service restaurants will then likely engage in promotional activity.
-
This week brings another full slate of earnings reports from S&P 500 companies. Here are some of the highlights from the earnings calendar:
Monday: Palantir (PLTR), Vertex Pharmaceuticals (VRTX), The Williams Companies (WMB), Diamondback Energy (FANG), ON Semiconductor (ON), Coterra Energy (CTRA), Tyson Foods (TSN), Paramount Skydance (PSKY), Pinterest (PINS), Firefly Aerospace (FLY)
Tuesday: Advanced Micro Devices (AMD), HSBC (HSBC), Shopify (SHOP), Pfizer (PFE), Anheuser-Busch (BUD), Duke Energy (DUK), KKR & Co. (KKR), American Electric Power Company (AEP), Marathon Petroleum Corporation (MPC), Energy Transfer, (ET) Ferrari (RACE), Occidental Petroleum (OXY), Strategy (MSTR), Electronic Arts (EA), Ambev (ABEV), PayPal (PYPL), Live Nation Entertainment (LYV), Prudential (PRU)
Wednesday: Arm Holdings (ARM), Novo Nordisk (NVO), Walt Disney (DIS), Uber Technologies (UBER), AppLovin (APP), CVS Health (CVS), Marriott International, (MAR) Apollo Global Management (APO), DoorDash (DASH), Warner Bros. Discovery (WBD), Cenovus Energy (CVE), MetLife (MET), Exelon (EXC), Nebius Group N.V., (NBIS) NRG Energy (NRG), Axon Enterprise (AXON), Restaurant Brands (QSR), Kraft Heinz (KHC), Albemarle (ALB), NiSource (NI), Global Payments (GPN), Flutter Entertainment (FLUT)
Thursday: Shell (SHEL), McDonald’s (MCD), Gilead Sciences (GILD), Airbnb (ABNB), Monster Beverage Corporation (MNST), Motorola Solutions (MSI), Cloudflare (NET), Sempra (SRE), CoreWeave (CRWV), Vistra Corp. (VST), Coinbase Global (COIN), Rocket Lab Corporation (RKLB), Datadog (DDOG), Block (XYZ), Rocket Companies (RKT), EchoStar (SATS), Kenvue (KVUE), Expedia (EXPE), Formula One Group (FWONA, FWONK)
Friday: Toyota Motor (TM), Enbridge (ENB), Sony Group (SONY), TeraWulf (WULF), Trump Media & Technology Group (DJT), Wendy’s (WEN)
-
Yahoo Finance’s Jake Conley writes:
The US may be at war, but you won’t find many signs in the US equity market. The S&P 500 and tech-exposed Nasdaq hit multiple record highs in the past week.
… “US earnings season reveals corporates continue to print massive profits,” Capital.com analyst Kyle Rodda wrote in emailed commentary.
“The markets continue to price-in a peaceful outcome to the war in the Middle East, a US Federal Reserve that will largely ‘look through’ the energy crisis rather than hiking rates in response to it, and earnings growth that will not only survive the energy shock but thrive in spite of it,” Rodda said.
Not only have earnings reports out so far largely exceeded expectations, LPL Financial chief technical strategist Adam Turnquist noted, but corporate commentary has also been by and large more constructive than perhaps anticipated, even in the face of softer survey-based economic data.
Yes, the tech sector continues to provide much of the firepower in the equities space.
But the other 491 stocks in the S&P 500 — excluding the “Magnificent Seven,” plus Broadcom (AVGO) and Micron (MU) — should be on track to deliver solid results and growth as well, UBS head of US equities David Lefkowitz noted.
-
ExxonMobil (XOM) and Chevron (CVX) both saw Q1 earnings per share drop from the same quarter last year, as mistimed oil price hedges, affected by the war in the Middle East, blocked major swaths of global energy flows.
Exxon CEO Darren Woods also said on an earnings call with analysts and investors that the market has “more to come” in negative impacts if the Strait of Hormuz remains closed, and that renormalization of oil flows after the strait is reopened would likely take at least one to two months.
Exxon’s first quarter adjusted earnings per share of $1.16 fell below first quarter 2025 earnings of $1.76. At Chevron, first quarter earnings of $1.41 fell below EPS of $2.18 a year ago.
Both companies are looking at steep paper losses from derivatives positions opened at the beginning of the year, when oil prices were low.
-
Reddit stock (RDDT) jumped 12% in morning trading on Thursday.
Reddit reported that its advertising revenue surged 74% year over year to $625 million, driving better-than-expected net sales and profits in the first quarter. CEO Steve Huffman said the “deeply engaged communities” on Reddit’s online discussion forums give it a unique advantage in the age of artificial intelligence.
Earnings per share of $1.01 on total revenue of $663 million handily beat estimates, for earnings of $0.56 per share and revenue of $612 million.
Despite Friday’s gains, Reddit’s stock remains down nearly 30% year to date.
Heading into the earnings report, the Street grew concerned that Reddit would not be able to sustain daily active user and advertising revenue growth as the platform matures — and as Alphabet (GOOG, GOOGL) and Meta (META) continue to dominate the ad market.
-
Sandisk (SNDK) stock fell more than 6% in premarket on Friday. Investors appeared to “sell the news” after the memory chipmaker posted strong beats on the top and bottom lines in its fiscal third quarter.
Revenue of $5.95 billion increased from $4.72 billion, and the company’s adjusted earnings of $23.41 per share sailed past Wall Street expectations of $14.51.
Sandisk sees fourth quarter revenue in the range of $7.75 billion to $8.25 billion, above a consensus estimate of $6.65 billion.
What else you need to know: Sandisk stock has surged this year as memory has become a key bottleneck in computing. Bullish sentiment from Wall Street has driven the stock to new highs: The stock is up almost 300% year to date and hit a record high on Thursday prior to its quarterly results.
Terms and Privacy Policy