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Fourth quarter earnings season is entering its final stretch.
Earnings from Nvidia (NVDA) marked the final company among the “Magnificent Seven” tech stocks to report quarterly results.
This report offered a crucial update on how demand for its high-tech AI chips — a big part of the hundreds of billions of dollars its Big Tech peers are spending on AI investments — continues to shape up.
Other key results this week include reports from Warner Bros. Discovery (WBD) and Paramount Skydance (PSKY), with the latter currently locked in a duel with Netflix to acquire the former.
Salesforce (CRM), Home Depot (HD), and Lowe’s (LOW) will also be among the notable companies expected to report in the coming week.
LIVE 224 updates
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Cloud computing provider Nutanix (NTNX) reported strong earnings and announced a multiyear deal with AMD (AMD) on Wednesday, sending the stock more than 15% higher in premarket trading on Thursday.
For the fiscal second quarter, Nutanix reported adjusted earnings per share of $0.56 for the quarter on revenue of $722.8 million. Wall Street analysts were looking for earnings per share of $0.44 on $709.7 million in revenue, according to S&P Global Market Intelligence.
For the full year, Nutanix said it expects revenue of $2.80 billion to $2.84 billion and a non-GAAP operating margin of 21% to 22%.
Nutanix’s new multiyear partnership with AI chipmaker AMD also boosted shares on Thursday as the two companies seek to develop a platform for enterprise agentic AI. AMD said it will invest $250 million in Nutanix shares and joint R&D and go-to-market efforts, and the equity investment is expected to close in the second quarter of 2026.
AMD stock slid 1.5% following the announcement and earnings from its rival Nvidia (NVDA).
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American Bitcoin (ABTC), which is backed by two of President Trump’s sons, reported a $59 million loss in its fourth quarter earnings on Thursday. The results have come amid a stock and crypto sell-off, wiping out almost 90% of the firm’s market value since September. The company’s stock price rose 3% before the bell today following the news.
Bloomberg News reports:
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Shares of Celsius Holdings (CELH) jumped more than 12% in premarket trading on Thursday after the energy drink maker reported better-than-expected fourth quarter earnings as its acquisitions of Rockstar Energy and Alani Nu drove momentum in the business.
Investing.com reports:
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Yahoo Finance’s Pras Subramanian reports:
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J.M. Smucker (SJM) stock rose 7% before the bell on Thursday after third quarter earnings beat analyst expectations. The company did, however, report a weaker full-year sales outlook, citing a recent fire at one of its manufacturing facilities.
AP reports:
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Nvidia CEO Jensen Huang said the company is “close” to finalizing its agreement with OpenAI (OPAI.PVT)
“We continue to work with OpenAI toward a partnership agreement, and believe we are close,” Huang said. “We are thrilled with our ongoing partnership with OpenAI, a once-in-a-generation company we’ve had the pleasure of partnering with since their first days.”
In September 2025, Nvidia said it planned to invest $100 billion in OpenAI to support artificial intelligence infrastructure. But in early February, Huang said that the $100 billion was “never a commitment,” and a few weeks later, the Financial Times reported that the company was close to finalizing a $30 billion deal to replace the $100 billion one.
On the earnings call, Nvidia executives touted that “just about every startup in the world is working on Nvidia’s ecosystem.” The company has also struck partnerships with rival models, including Anthropic’s Claude and Google’s Gemini.
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Nvidia’s (NVDA) CFO Colette Kress confirmed a report earlier this week that it has not yet sold any of its second-most-powerful chips to China.
“While small amounts of H200 products for China-based customers were approved by the US government, we have yet to generate any revenue, and we do not know whether any imports will be allowed into China,” Kress said on the earnings call.
That was in line with what a Commerce Department official said at a congressional hearing on Tuesday.
President Trump gave Nvidia the green light to sell H200 chips to China last month. In late January, Beijing reportedly gave three of China’s largest tech companies, ByteDance, Alibaba (BABA, 9988.HK), and Tencent (0700.HK, TCEHY), approval to purchase more than 400,000 H200 chips.
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Nvidia’s earnings call is underway. You can listen to it live here.
CFO Colette Kress called out that the hyperscalers — Big Tech firms like Amazon (AMZN), Microsoft (MSFT), and Meta (META) that provide large-scale cloud services — continue to have a strong appetite for Nvidia’s data center chips.
“Analysts expectations for 2026 capex across the top five cloud providers and hyperscalers, who collectively account for a little over 50% of our data center revenue, are up nearly $120 billion since the start of the year and approaching $700 billion,” Nvidia CFO Colette Kress said on the earnings call. “We continue to expect the transition of classic data center workloads to GPU-accelerated computing and the use of AI to enhance today’s hyperscale workloads and contribute toward roughly half of our long-term opportunity.”
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Reuters reports:
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Nvidia (NVDA) stock popped by more than 3% after earnings beat expectations and delivered a strong revenue outlook for the first quarter.
Nvidia said it expects revenue of $76.44 billion to $79.56 billion in Q1, ahead of expectations of $72.78 billion, according to Bloomberg consensus estimates.
Here’s what Nvidia reported for the fourth quarter compared to analyst estimates compiled by Bloomberg:
Data Center compute revenue ($51.3 billion, up 58% from a year ago) and networking revenue ($11.0 billion, up 263%) both also reached record highs.
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Steve Madden’s (SHOO) stock fell 5% on Wednesday after the shoe and handbag maker withdrew its 2026 earnings forecast due to tariff uncertainty, in the first sign of chaos since the Supreme court shut down President Trump’s tariffs last week Friday.
Reuters reports:
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First Solar (FSLR) stock plunged by around 16% on Wednesday morning after the solar company issued a bleaker-than-expected full-year outlook.
The company said it expects 2026 net sales in a range of $4.9 billion to $5.2 billion, whereas the Street was looking for guidance of $5.6 billion.
In the fourth quarter, First Solar reported earnings per share of $4.84, missing analyst estimates for $5.17 per share, according to S&P Global Market Intelligence. Revenue of $1.68 billion came in ahead of forecasts for $1.56 billion.
“Our growth journey continued into 2025, with the commissioning of our new Louisiana factory and our decision to establish a new facility in South Carolina,” said CEO Mark Widmar. “As we navigated a rapidly evolving environment, we maintained a disciplined approach to contracting and remained anchored in our core principle of pricing and delivery certainty, a key differentiator that our customers value.”
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Circle (CRCL) stock rose 14% on Wednesday during premarket hours after reporting an increase in fourth quarter revenue, as its income from reserves got a boost from a rise in circulation of its stablecoin token, USDC.
Reuters reports:
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Lowe’s (LOW) reported fourth quarter results that beat Wall Street’s expectations across the board including revenue, earnings and same-store sales growth.
Adjusted earnings came in $1.98, four cents higher then the Street predicted for the fourth quarter, per Bloomberg consensus data. Whereas, revenue grew 10% to $20.58 billion, slightly above the expectations of $20.35 billion.
Same-store sales grew 1.3%, more than the roughly 0.5% increase Wall Street estimated for, boosted higher by growth in its Pro business, home services sales and a “strong holiday performance.”
However, the home improvement company’s stock fell more than 3% during premarket hours, after sales guidance for the full year fell short of expectations, a sign the housing market will remain lackluster in the near term due to high borrowing costs.
“While the housing macro remains pressured, we are focused on directing what is within our control, which includes our ongoing productivity initiatives. We remain confident that we are well-positioned to take share regardless of the macro environment,” CEO Marvin Ellison said in the release.
For 2026, the company expects same-store sales growth to be flat, to up 2% compared to last year. The Street was looking for up 2%. Wall Street’s prediction for full year revenue was $93.2. billion, which fell in the middle of the range Lowe’s said of $92.0 to $94.0 billion.
Adjusted earnings though fell short of the $13.00 forecast. Lowe’s said it expected earnings to come in between the range of approximately $12.25 to $12.75.
TD Cowen analyst Max Rakhlenko wrote in a note to clients, “Ultimately, we think the early reaction with shares down low-single digits makes sense with the results and guide in-line to slightly below” expectations.
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Reuters reports:
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Workday (WDAY) stock plunged around 8% after the enterprise applications company reported an adjusted earnings beat but disappointing guidance. The quarterly results come as software stocks like Workday have sold off on concerns that artificial intelligence could automate and eat away at their core businesses.
In the fourth quarter, Workday reported revenue of $2.53 billion, a 14.5% annual increase, which just managed to exceed estimates of $2.52 billion, according to S&P Global Market Intelligence. Subscription revenue hit $2.36 billion.
Adjusted earnings per share of $2.47 also beat the Street’s expectations of $2.32 per share.
But Workday’s subscription revenue guidance fell short of expectations. The company expects first quarter subscription revenue of $2.335 billion, suggesting a slowdown from the current quarter, and full-year subscription revenue of $9.92 billion to $9.95 billion.
Workday stock was already down more than 9% over the past five days as worries about AI disruption coursed through the sector, fueled by a doom-and-gloom report from Citrini Research.
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Yahoo Finance’s Pras Subramanian reports:
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Planet Fitness (PLNT) reported better-than-expected profits and revenue in the fourth quarter, but the stock fell around 5% in premarket trading.
Earnings of $0.73 per share on revenue of $376.3 million. Wall Street analysts were expecting earnings of $0.68 per share on revenue of $367.9 million, according to S&P Global Market Intelligence.
The company said it had 20.8 million members by the end of 2025 across nearly 2,900 clubs.
“Adding approximately 1.1 million net new members in 2025 — the first full-year of our 50 percent price increase for new Classic Card members — highlights the incredible demand for our brand,” said Planet Fitness’s CEO Colleen Keating.
In 2026, Planet Fitness expects to log sales growth between 4% and 5%, and revenue is forecast to increase by around 9%, a bit lighter than the Street was expecting.
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