All articles tagged with #earnings
TSMC reported Q1 revenue up about 35% year-over-year to T$1.134 trillion (~$35.7B) and is set to report earnings on April 16; analysts anticipate about $3.27 per share, with gross margins seen at 63–65% and capital spending of $52–$56B planned for 2026 to advance AI data-center chips and other technologies, underpinning a bullish outlook with upside around the mid-teens ahead of earnings.
Applied Digital posted Q3 2026 revenue of $126.6M (up 139% YoY) with a net loss of $100.9M; adjusted revenue was $108.6M and adjusted EBITDA $44.1M. The company advanced its Delta Forge and Polaris Forge campuses, secured a $100M Macquarie DevCo facility, and completed a $2.15B private notes offering to fund Polaris Forge 2. It restructured leases with CoreWeave for stronger debt security and announced a cloud-business merger with EKSO Bionics to form ChronoScale, targeting long-term NOI growth toward $1B. HPC hosting and Data Center Hosting drove growth, with cash of about $2.1B and total debt of $2.7B.
Delta reported March-quarter 2026 results in line with guidance: GAAP revenue $15.9B, operating income $501M (3.2% margin), and a GAAP loss per share of $0.44; non-GAAP revenue $14.2B, operating income $652M (4.6% margin), and EPS $0.64, with $2.4B in operating cash flow. For Q2, the airline guides low-teens revenue growth on flat capacity, aided by meaningful capacity reductions and fuel-cost recovery, and expects about $1B pre-tax profit despite higher fuel expenses; it also highlights a strengthened balance sheet and ongoing profit-sharing payouts, with a webcast to discuss results.
U.S. stock futures were mostly flat after a relief rally sparked by news that Trump would suspend attacks on Iran for two weeks; the S&P 500 rose about 2.5%, Nasdaq ~2.8%, and the Dow gained over 1,300 points for its best day since April 2025. The ceasefire news faced questions of violations, and investors await the PCE price index and weekly jobless claims. Dow Transports hit record highs, energy stocks fell, and Constellation Brands dropped after weaker earnings guidance.
Delta Air Lines beat Q1 expectations with about $14.2B in revenue and adjusted EPS of $0.64 as premium-demand helped offset a roughly 8% rise in fuel expenses to $2.591B. The company kept full-year guidance intact, guiding Q2 revenue to the low-teens growth with a 6%-8% operating margin and adjusted EPS of $1.00-$1.50, aided by a refinery-owned fuel advantage and higher premium/loyalty revenue. Delta also noted TSA funding headwinds and capacity actions—like trimming flights and raising prices—to protect margins, while highlighting strong premium revenue growth (~14%) and AmEx remuneration (>$2B).
Constellation Brands beat Q4 estimates with adjusted EPS of $1.90 on $1.92 billion revenue, but withdrew its fiscal 2028 outlook amid subdued demand and macro uncertainty as new CEO Nicholas Fink prepares to take over. For fiscal 2027, the company guided adjusted EPS of $11.20–$11.90 (below consensus $12.36); full-year 2026 net sales declined 3%, with beer remaining a growth driver. Shares edged lower in extended trading.
U.S. equities fell last week as war risk and oil topping $100 weighed on sentiment; the S&P 500 slipped about 1.7%, the Nasdaq 100 dropped over 2%, and the Dow in the same ballpark. Oil surged past $100 amid Iran tensions while the 10-year yield rose to roughly 4.42% and mortgage rates hovered near 6.43%. Energy names APA, HAL and XOM led gains, defensives like CPB, MO and KHC held up, but tech/AI stocks such as PANW, CRWD and OKTA tumbled on AI-threat concerns; crypto softened. META and GOOG faced legal setbacks; TotalEnergies exited offshore wind and Disney paused a $1B AI deal. The Week Ahead centers on the Middle East and oil direction, with continued sector rotation and potential inflation risks, plus a light earnings calendar featuring BACHY, CSUAY, BHKLY, NKE, MKC, SNX and other ex-dividends.
U.S. stock futures fell Sunday night, with Dow futures down about 0.6–0.7%, after Friday’s losses pushed the Dow and Nasdaq into correction territory amid renewed Iran tensions. Investors await key data (JOLTS, ADP, the March jobs report) and upcoming earnings from Nike, McCormick & Co., and Conagra as trading enters a holiday-shortened week with Good Friday observed.
Carnival (CCL) posted a strong first quarter with adjusted EPS of $0.20 on revenue of $6.2 billion, topping consensus of $0.18 and $6.14 billion, aided by record results and bookings. Despite the beat, the stock fell about 1.3% as the company guided 2026 yields up around 2.75%, cruise costs excluding fuel higher by about 3.1% per ALBD, and an expected roughly $150 million improvement in adjusted net income versus December guidance. Fuel assumptions were outlined for the coming quarters. Analysts remain positive, with a Strong Buy consensus and an average target of $35.31, implying roughly 43% upside.
Micron Technology’s softer-than-expected Q2 outlook and worries about AI-driven demand normalization pressured the memory-chip sector, dragging down memory-related stocks and contributing to a broad tech sell-off, while a few AI-focused names showed mixed or stronger performance elsewhere in the market.
Futures rose after reports the U.S. sent Iran a peace plan to end the war, but the regular session finished with the major indices lower (S&P 500 -0.37%, Nasdaq -0.84%, Dow -0.18%). Trump said talks with Iran are ongoing and The New York Times reported a 15-point peace plan delivered via Pakistan, though Iran denied direct talks. Oil prices climbed, seen as the key market driver along with interest rates. Chewy and Paychex are due to report earnings before the bell, while seven of 11 GICS sectors rose and energy led gains; after-hours moves included KB Home, GameStop, and Braze. Stock futures opened higher again Tuesday night, with Dow futures up ~317 points and S&P/Nasdaq futures higher as well.
FedEx beat Q3 expectations with adjusted EPS of $5.25 and revenue of $24 billion, and lifted fiscal 2026 guidance to $19.30–$20.10 per share and about 6%–6.5% revenue growth. The FedEx Freight spin-off remains on track for June 1, and the Network 2.0 initiative is now expected to yield more than $1 billion in savings. Shares rose in after-hours trading on the results.
Micron Technology posted solid earnings driven by AI demand but announced a large capex/spending plan to expand capacity, sending MU stock down roughly 5% as investors weighed the growth outlook against the heavier-than-expected spending outlook.
Micron Technology posted blowout Q2 results with revenue tripling, but shares slipped about 5% in premarket trading as investors took profits after a massive year-long rally fueled by a memory supply squeeze tied to Nvidia AI demand. Citi attributes the move to profit-taking and maintains a buy rating, while Goldman says the stock may remain range-bound in the near term despite strong guidance; banks like Wells Fargo and Barclays boosted price targets on the name. Analysts also warn of potential slowing momentum in high-bandwidth memory prices into 2027, underscoring a mixed reaction to the across-the-board strength in earnings.
Options traders are pricing an 8–9% post-earnings move for Micron (MU) with bullish call activity ahead of results, signaling upside expectations; the implied trading range is roughly $430–$510, and the skew shows calls cheaper than puts, underscoring optimism.