Tata Consultancy Services (TCS) shares are heading into Q1FY27 results with weak technical momentum and low earnings growth expectations. Analysts anticipate 13% YoY revenue growth and 4% YoY profit growth, with sequential growth expected to be flat, indicating a slow demand recovery for large IT firms.
Axis Bank and Bandhan Bank's Chief Financial Officers resigned ahead of Q1 results, with Puneet Sharma of Axis Bank expected to join HDFC Bank and Rajeev Mantri of Bandhan Bank likely to take Sharma's role at Axis Bank, signaling significant leadership changes in India's private banking sector.
Inditex, the parent company of Zara, reported a 5.4% year-on-year increase in net income to €1.4 billion for the first quarter, surpassing market expectations. Sales also grew, driven by strong consumer demand despite economic uncertainties.
Kuaishou posts 3.4% overall revenue growth, with Kling's revenue surging over 300% to 650M yuan, driven by AI adoption across sectors. Profit hits 3.4B yuan, down 26% YoY but exceeding estimates.
Bitcoin miner Canaan reported an $88.7 million net loss for Q1 2026 due to falling BTC prices and a $25M inventory write-down. Revenue dropped to $62.7M, with industrial mining equipment sales down 75%.
Versant Media Group's Q1 revenue fell 1% to $1.69B, with declines in linear pay TV and ad revenue, but significant growth in digital licensing and platforms (up 113.5% and 9.5%, respectively).
Versant Media Group reported a 1% decline in overall revenue to $1.69 billion in Q1, with pay TV revenue down 7% due to subscriber declines, but saw significant growth in digital licensing (+113.5%) and platforms (+9.5%)
The USDC issuer announced the raise, with investors including Andreessen Horowitz and Blackrock, alongside its Q1 results.
Merck reported first-quarter 2026 results exceeding Wall Street expectations with $16.29B revenue, driven by strong Keytruda sales of $8.03B (up 12%). The pharma giant narrowed its 2026 revenue guidance to $65.8B-$67B and raised adjusted earnings outlook to $5.04-$5.16 per share. The company posted a net loss of $4.24B due to a $3.62 per share charge from its Cidara Therapeutics acquisition, part of its strategy to offset upcoming generic competition for Keytruda in 2028 and diabetes drugs Januvia/Janumet later this year.
Europe's largest banks and TotalEnergies reported upbeat first-quarter results on Wednesday, with Deutsche Bank posting a record €2.2bn profit, Santander posting €5.5bn attributable profit, and UBS posting an 80% profit jump. TotalEnergies saw net income rise 51% to $5.8bn. Executives flagged rising uncertainty from the Middle East conflict and its ripple effects on energy prices, consumer confidence and European interest rates, with the ECB warning of downward growth revisions.
America's largest automakers are set to report first-quarter earnings results this week.
Intel shares surged 22% on Friday, putting the stock on track for its best day since 1973, as investors rewarded signs of renewed growth driven by AI demand. The chipmaker reported Q1 revenue of $13.58 billion, up 7.2% year-over-year, with data center revenue jumping 22% to $5.1 billion. CEO Lip-Bu Tan, who took over early last year, has revived Wall Street interest by securing investments from the Trump administration and Nvidia, and pushing forward with next-generation 14A manufacturing technology.
Intel shares jumped 26.7% on Friday in what could be the chipmaker's strongest single-day gain since 1987, after reporting Q1 revenue of $13.58 billion, beating forecasts of $12.3 billion. The rally continued after hours with shares rising another 20%. The US Trump administration acquired a 9.9% stake in Intel in 2025 for $8.9 billion at $20.47 per share; with shares now at $81.3, the investment has gained nearly 300%.
Texas Instruments posted its best Wall Street day since 2000 after reporting Q1 revenue of $4.83 billion (up 19%) and EPS of $1.68, both beating estimates. The chipmaker gave upbeat Q2 guidance of $5-$5.4 billion in revenue. Data center segment revenue surged ~90% YoY as hyperscalers like Meta and Amazon build AI infrastructure. Shares closed at a record, up 63% YTD.
