Capital One Financial reported strong second-quarter results, surpassing analyst expectations for both revenue and adjusted EPS, driven by non-interest income growth. Despite the positive performance, the company faces investor impatience regarding the tangible benefits and expense synergies from its Discover and Brex acquisitions.
MicroStrategy's MSTR and STRC shares crashed to 52-week lows amid Bitcoin volatility and concerns over Michael Saylor's treasury model. Meanwhile, prediction market Kalshi seeks a $40 billion valuation driven by surging sports betting and crypto market volumes, while Coinbase eyes more acquisitions.
CarMax shares fell 8% despite beating Wall Street's earnings and revenue expectations for its first fiscal quarter. New CEO Keith Barr detailed a high-level turnaround strategy focused on growth and cost-cutting, but margin pressure and declining gross profit per vehicle remain concerns.
Oracle reported better-than-expected Q4 earnings and revenue, but its stock fell 7% after hours. The company plans to raise $40 billion for AI infrastructure, raising investor concerns despite strong cloud growth and a significant increase in remaining performance obligation.
Oracle reported better-than-expected Q4 earnings and revenue, but its stock fell 5% after hours due to plans to raise $40 billion for AI infrastructure. The company also raised its full-year profit forecast.
Hewlett Packard Enterprise shares jumped 25% Tuesday, driven by a significant earnings beat and soaring revenue, particularly in its AI server unit. CEO Antonio Neri highlighted exceptional demand, while analysts debated the sustainability of this growth.
Block’s Q1 earnings beat estimates despite Bitcoin revenue falling 26% on changing Bitcoin “trading dynamics” and reducing fees on Cash App transactions.
Apple shares jumped over 4% on Thursday, headed for the sharpest rally since August, after the iPhone maker reported better-than-expected quarterly results with revenue of $111.18 billion (up 17% year-over-year) and issued guidance for the fiscal third quarter projecting 14-17% growth, far exceeding analysts' 9.5% estimate. CEO Tim Cook, announcing his departure in September after 15 years, highlighted strong demand for the iPhone 17 lineup and the newly released MacBook Neo. Services revenue rose 16% to $30.98 billion, while gross margin reached 49.3%.
Apple reported fiscal Q2 earnings of $2.01 EPS and $111.18 billion revenue, both beating analyst estimates. iPhone revenue of $56.99 billion missed expectations for the second time in three quarters, while services revenue surged to $30.98 billion. The results mark CEO Tim Cook's final quarterly report before stepping down Sept. 1, with incoming CEO John Ternus set to lead the company's AI strategy including a new Google Gemini partnership.
Microsoft reported Q3 fiscal 2026 revenue of $82.89 billion (up 18% YoY) and EPS of $4.27, both beating consensus. Azure cloud revenue grew 39-40% constant currency, exceeding expectations. The company issued strong Azure guidance of 39-40% for Q4 versus 36.9% consensus and announced plans to spend $190 billion in calendar 2026 capex. However, the stock reacted muted as investors remain concerned about Microsoft's reliance on OpenAI, capacity constraints, and the viability of seat-based software models in the AI era. Copilot seats now exceed 20 million.
Amazon reported stronger-than-expected Q1 results with revenue of $181.52 billion (up 17% YoY) and GAAP EPS of $2.78 (up 75%), beating estimates. AWS revenue accelerated to 28.4% growth, the fastest in 15 quarters, reaching $37.59 billion. The company raised its price target to $300 from $250, citing highest operating margin quarter in company history and strong momentum across high-margin revenue streams including advertising and cloud services.
Jim Cramer warns that beating earnings is no longer enough for tech stocks, as the market increasingly rewards scarcity over scale. Following mixed results from Alphabet, Amazon, Meta, and Microsoft, Cramer noted Meta's fastest revenue growth in five years still saw shares fall, while companies like Seagate, Bloom Energy, and NXP Semiconductors rallied on supply constraints. The shift underscores investors gravitating toward firms with constrained supply and visible demand.
Microsoft reported Q3 2026 earnings with EPS of $4.27 adjusted vs $4.06 expected, and revenue of $82.89B vs $81.39B expected. The company issued 2026 capex guidance of $190B, significantly above the $154.6B consensus. Azure cloud revenue grew 40%, while AI annualized revenue reached $37B, up 123%. Stock is down 12% in 2026 following worst quarterly performance since 2008.
Meta Platforms reported Q1 2026 earnings of $10.44 per share on $56.31B revenue, beating analyst estimates of $6.67 per share on $55.6B. Profit surged 61% YoY, but the company raised its 2026 capital expenditure guidance to $125-145B due to higher component pricing and data center costs. Shares fell over 6% in extended trading as investors concerns grew over increased AI infrastructure spending.
Alphabet reported first-quarter earnings with revenue of $109.9 billion, beating analyst expectations of $107.2 billion. Google Cloud revenue surged 63% year-over-year to $20.02 billion, driven by enterprise AI solutions. The company raised its 2026 capital expenditure guidance to $180-$190 billion and expects 2027 CapEx to increase significantly. Net income jumped 81% to $62.57 billion. Shares climbed following the report, with Alphabet outperforming Magnificent Seven peers this month.
Starbucks shares rose 7% Wednesday after the coffee giant reported its first earnings beat in five quarters and first quarter of growth on both top and bottom line in over two years. CEO Brian Niccol outlined plans to flow $2 billion in cost savings through to profit margins in the second half, as investors increasingly focus on profit growth. Analysts at Citi and Bernstein raised price targets to $101 and $100 respectively, with both firms monitoring margin flow-through.
NXP Semiconductors shares rose 26% Wednesday, on track for its best day since going public in 2010, after reporting Q1 earnings that beat Wall Street estimates. The Dutch semiconductor company posted adjusted earnings of $3.05 per share versus $2.95 expected, with revenue of $3.18 billion, up 12% year-over-year. CEO Rafael Sotomayor attributed growth to industrial and automotive processing for software-defined vehicles and physical AI, while highlighting data center expansion from $200 million in 2024 to over $500 million projected for 2026. Analysts at TD Cowen and Morgan Stanley raised price targets to $310 and $335 respectively.
Spotify reported Q1 revenue of 4.5 billion euros, up 8% YoY, with 761 million MAUs and 293 million premium subscribers, both slightly beating estimates. However, the stock fell 9-12% in premarket trading as Q2 guidance for 778 million MAUs and 299 million premium subscribers fell short of analyst expectations of 300.4 million. Operating income guidance of 630 million euros also missed the 680 million expected. The company has been raising prices to improve profitability, recently hiking US premium from $11.99 to $12.99. The stock is down 14% year-to-date.
Coca-Cola reported first-quarter earnings and revenue that exceeded Wall Street expectations, with adjusted EPS of 86 cents versus 81 cents expected, and revenue of $12.47 billion versus $12.24 billion expected. The beverage giant raised its full-year comparable EPS growth guidance to 8%-9% from 7%-8%, while maintaining its organic revenue growth outlook of 4%-5%. Shares rose 1% in premarket trading following the report.
UPS reported first-quarter 2026 adjusted EPS of $1.07, beating Wall Street expectations of $1.02, with revenue of $21.2 billion versus $20.99 billion expected. Net income fell to $864 million from $1.19 billion a year prior. Shares dropped roughly 3% in premarket trading. The company reaffirmed its full-year 2026 revenue outlook of $89.7 billion and non-GAAP operating margin of 9.6%.
General Motors raised its 2026 guidance after beating Q1 earnings expectations with EPS of $3.70 vs $2.62 expected, benefiting from a $500 million IEEPA tariff refund from the Supreme Court ruling. Revenue was $43.62 billion vs $43.68 billion expected. The automaker now expects adjusted EBIT of $13.5-15.5 billion and net income of $9.9-11.4 billion.
Procter & Gamble shares rose 3% on Friday after the consumer products giant reported Q3 fiscal 2026 earnings that beat top and bottom line expectations, with sales up 7% year over year to $21.2 billion versus $20.5 billion expected. Adjusted EPS of $1.59 beat the $1.56 estimate. The company maintained its full-year guidance despite increased commodity costs due to the Middle East conflict, with management noting higher energy prices could negatively impact fiscal 2027 profitability.
Procter & Gamble reported fiscal third-quarter earnings that beat analysts' expectations with EPS of $1.63 versus $1.56 expected, and revenue of $21.24 billion versus $20.5 billion expected. The company reported 2% volume growth—the first time in a year—as demand improved across most segments. Beauty products led with 5% volume growth, while baby care rose 3% and fabric care increased 2%. However, grooming and health care lagged with 2% declines each. P&G reiterated its full-year sales growth forecast of 1% to 5%.
Intel reported first-quarter earnings that exceeded Wall Street expectations, with adjusted EPS of 29 cents versus 1 cent expected, and revenue of $13.58 billion versus $12.42 billion expected. The chipmaker's data center business saw 22% growth to $5.1 billion as CPU demand surges for AI workloads. Shares jumped 20% after hours. The company posted a wider net loss of $4.28 billion but provided strong Q2 guidance above analyst expectations.
