All articles tagged with #earnings beat
Target beat earnings expectations in Q2 as sales rose across all departments, traffic improved, and margins benefited from tariff refunds; the retailer raised full-year guidance and signaled ongoing price investments amid a broad merchandising reset, with CEO Michael Fiddelke saying the turnaround is gaining traction and aims for years of sustained top-line growth.
JD.com reported Q2 revenue of RMB 346.4 billion and non-GAAP net income of RMB 8.9 billion (about $1.3 billion), beating estimates and aided by an extended midyear shopping event, but its ADR fell around 2.5% in premarket trading as investors reacted to the results.
Cisco reported FY4Q net income of $3.86B on $17.25B in revenue, with adjusted EPS of $1.22, topping expectations. The quarter benefited from about $4B in AI infrastructure orders from hyperscalers, bringing its full-year AI orders to $9.3B. Management guided FY27 revenue of $72.2–$73.4B and adjusted EPS of $5.05–$5.11, with Q1 above consensus. Despite the strong results and upbeat outlook, CSCO edged lower in after-hours trading.
Nebius Group N.V. topped its second‑quarter revenue forecast with $582.3 million for the quarter ended June, as booming demand for AI infrastructure fueled growth. The core AI cloud business—about 98% of group revenue—rose more than 500%, and the company closed four landmark AI cloud deals averaging over $1 billion in total contract value, lifting TCV nearly fourfold quarter‑over‑quarter and enabling higher pricing for next‑gen chips and older GPUs. About 70% of deals included prepayments, and Nebius reaffirmed its 2026 outlook as shares rose in premarket trading.
McDonald’s has named Skye Anderson, a 26-year veteran who previously led Global Business Services and most recently served as COO of McDonald’s USA, as president of its U.S. business, succeeding Joe Erlinger (who will advise through early 2027). Anderson previously led the U.S. West Zone, delivering more than 30% same-store-sales growth and about $100,000 higher per-unit cash flow. The company posted a Q2 earnings beat but revenue missed estimates, with U.S. same-store sales up 0.8% and traffic down, as it pushes a growth plan focused on menu innovation, value, and redesigned restaurants.
Chipotle Mexican Grill topped Q2 expectations with 2.2% same-store sales, $3.35 billion in revenue, and adjusted earnings of $0.33 per share, driven by menu innovations (Honey Chicken, Cilantro Lime Sauce), marketing, a loyalty program and increased transactions. Catering and build-your-own orders now account for about 2–3% of sales, with a national rollout planned for 2027. The company lifted its full-year guidance to low-single-digit same-store sales growth and projected mid-2% price increases in Q3 due to beef and freight costs offset by lower avocado/dairy costs. Chipotle emphasized it is not involved in the cyclospora outbreak, noting its lettuces are California-sourced, and cited AI and catering expansions as growth catalysts alongside plans to open 350–370 new restaurants in 2026.
JPMorgan Chase topped expectations for Q2 2026, delivering $57.3 billion in net revenue and $7.70 per-share on a reported basis ($6.14 ex-items), well above a $5.44 consensus. Revenue rose across all lines to record highs, led by Markets (up 35% YoY to $12.1B), Investment Banking fees up 30%, and AWM with $5.1 trillion in assets. ROTCE reached 23% and CET1 ratio was 14.1%. The company returned $6.2 billion via buybacks and paid a $1.50 quarterly dividend. CEO Jamie Dimon cited resilience in the U.S. economy amid AI-driven investment and fiscal stimulus, while flagging geopolitical tensions, sticky inflation, and high asset prices as ongoing risks.
Micron delivered a blowout quarter with $41.46 billion in revenue (up about 350% year over year) and $25.11 in earnings per share, led by data-center demand. The company also guided to roughly $50 billion in revenue and $31 per share for the current quarter, as strategic customer agreements push revenue visibility higher—16 such deals with 14 showing around $100 billion in five-year revenue potential and $22 billion in cash deposits. In the wake of the report, analysts upgraded Micron to a unanimous Strong Buy, citing strong demand, expanding capacity, and pricing power that could sustain upside beyond a remarkable 800% run over the past year. Risks include potential AI infrastructure spending softening and ongoing capacity constraints that could temper growth if demand slows. Micron trades at about 11x forward earnings with a market cap near $1.3 trillion, leaving investors weighing sustainability of the uptrend against these risks.
Accenture shares fell almost 15% after lowering its fiscal 2026 revenue growth outlook to 3-4% in local currency (4-5% excluding roughly a 1% impact from its US federal business), even as the company posted a Q3 beat with adjusted EPS of $3.80 on $18.7 billion in revenue. Bookings were $19.3 billion; operating margin rose to 17.0%; free cash flow was $3.6 billion, with $2.2 billion returned to shareholders via buybacks and dividends. Management pointed to strong demand for large-scale reinvention projects and AI transformation, including 104 bookings of $100 million or more year-to-date, up 13%.
Victoria’s Secret beat earnings estimates and raised its full-year net sales outlook to as much as $7.13 billion, with $1.56 billion in quarterly net sales. The stock jumped about 47% to a record close as CEO Hillary Super’s bras-and-Pink-brand turnaround gains traction, aided by stronger demand for non-discounted merchandise and growth across income segments. The company has posted four straight quarters of revenue growth and is repositioning with a ticker change to VSXY amid activist investor activity.
Ulta Beauty topped expectations in fiscal Q1 2026, delivering $7.74 in earnings per share on $3.16 billion in revenue (vs. $6.86 and $3.10B expected), with net sales up about 11% and comps up 5.3%. The company reaffirmed full-year revenue and same-store sales targets while raising its full-year EPS guidance to $28.36–$28.80. CEO Kecia Steelman highlighted broad-based growth and strategic initiatives, including Ulta’s TikTok Shop and launching more than 20 new brands such as Rare Beauty; fragrances were the strongest category, now 12% of revenue. Shares rose in extended trading.
Hewlett Packard Enterprise posted a blockbuster Q2 with revenue of $10.68 billion (+40% YoY) and adjusted EPS of $0.79, the biggest beat since 2018; server revenue reached $5.45 billion and Cloud & AI totaled $7.71B, helping the company lift full-year FY2026 EPS guidance to $3.35–$3.45 and signaling progress two years ahead of its long-term plan as demand for infrastructure modernization and AI ramps; CEO Antonio Neri highlighted triple-digit growth in traditional server bookings and the biggest backlog ever, and the stock surged about 30%.
Nvidia topped revenue, earnings, and guidance in its fiscal Q1 (revenue $81.6B, up 85% YoY; gross margin 75%; free cash flow $48.6B) and announced an $80B buyback plus a 25‑fold dividend increase to $0.25/ share, yet the stock fell about 2% as investors priced in lofty expectations. Growth remains led by data-center demand (data-center revenue $75.2B; networking $14.8B), with Q2 guidance around $91B in revenue. While the AI infrastructure boom supports a continued uptrend, the post‑earnings dip could persist if optimism remains baked into Nvidia’s valuation—history shows these beats don’t always move shares higher in the near term.
Cisco posted a strong Q3 beat with revenue of $15.84B and adjusted EPS of $1.06, driven by 12% revenue growth and a 17% rise in product revenue (Networking +25%, Observability), while services slipped. The company raised full-year guidance to about $62.8B-$63B in revenue and $4.27-$4.29 in adjusted EPS, plus Q4 revenue guidance of $16.7B-$16.9B and orders outlook of $9B. After-hours, CSCO jumped roughly 14%.
Rocket Lab reported a strong first quarter 2026, beating earnings expectations as it posted a record $200 million in revenue, signaling solid demand for its small-launch and satellite services.