Earnings
Every Sainteur story on earnings, newest first.
Jensen Huang resigns as Nvidia CEO, and Colette Kress is named interim chief
President Donald Trump wrote on Truth Social that Tim Cook is the person to replace Huang. Kress remains interim CEO while the board searches, and the company's 8-K says the board accepted the resignation on November 11.
Burberry's comparable retail sales rise 4%, extending its growth streak to five quarters
Burberry Group plc ($BRBY) said comparable retail sales rose 4% in the first half and second quarter, a fifth consecutive quarter of growth, in what Chief Executive Joshua Schulman called an uncertain environment. H1 revenue rose 6%, and adjusted operating profit was £62 million.
YETI cuts its 2026 adjusted sales outlook to about 6%
Chief Executive Matt Reintjes said a cautious consumer environment is expected to put pressure on fourth-quarter demand. The company also lowered its adjusted earnings outlook.
OpenAI's quarterly revenue hits $10 billion, while its losses reportedly widen
The CFO put the revenue on the record. The loss figures come from the Wall Street Journal's reporting on investor documents.
CoreWeave shares were higher in premarket trading after the company raised 2026 guidance
The AI cloud company reported $3.661 billion in third-quarter revenue and raised 2026 revenue guidance to $13.0 billion to $13.3 billion. CNBC said shares were higher in premarket trading Wednesday, after the stock had also advanced in extended trading Tuesday.
Fossil returns to a quarterly profit and sales growth, and raises 2026 guidance
Net sales were $271.2 million, up 0.4%, and net income was $11.7 million, or $0.19 a share. The company raised 2026 sales guidance to $980 million to $990 million.
CoreWeave raises 2026 revenue guidance after third-quarter revenue tops estimates
The AI cloud company reported $3.661 billion in third-quarter revenue and raised 2026 revenue guidance to $13.0 billion to $13.3 billion. CNBC, citing LSEG, said the quarter exceeded a $3.55 billion estimate.
SoftBank posts a $7 billion Q2 net loss
SoftBank ($SFTBY) posted a Q2 net loss of 1.12 trillion yen ($7 billion) vs. 2.5 trillion yen year-earlier profit. It booked a $3.73 billion six-month loss on revised U.S. AI data-center plans and a ¥321,891 million derivative loss on Intel prepaid forwards entered in August, as Intel's share price rose.
SoftBank faces AI-strategy scrutiny at earnings after tech selloff
SoftBank ($SFTBY) faces scrutiny over its AI strategy at Q2 earnings after an AI-stock rout. Its five-year CDS spread widened to 466 basis points Friday, and China blocked its planned $5.4 billion purchase of ABB's robotics division. It spent $64.6 billion for a 13% OpenAI stake and had 10.8 trillion yen of net interest-bearing debt at the end of June.
NRG agrees to a $4 billion plant deal with LS Power and lifts its buyback plan
NRG Energy ($NRG) agreed to transfer 4.9 GW of gas plants to LS Power for $4 billion in cash, with expected proceeds to support $3 billion of share repurchases across 2026 and 2027 plus an additional $2 billion of debt reduction at close. Third-quarter GAAP EPS was $2.59, and NRG reaffirmed 2026 guidance.
Cigna raises its 2026 outlook as insurance growth offsets a weaker pharmacy unit
Adjusted earnings of $7.98 a share topped the $7.46 Zacks consensus, and Cigna now sees at least $30.60 a share for the year.
Super Micro's quarterly sales rise to $19.9 billion from $5.0 billion
The server maker expects $72 billion to $82 billion in sales for fiscal 2027, after a quarter that nearly doubled the one before it.
Anthropic's quarterly revenue grew 1,127% in a year, and compute commitments hit $895.4 billion
The Claude maker's amended IPO filing shows revenue up 1,127% from a year earlier, a return to an operating loss and about $213.8 billion of its commitments subject to termination rights or contingent conditions.
Pfizer raises its 2026 forecast as Shopify falls just short and Block tops estimates
Pfizer lifted its 2026 revenue and profit forecasts, Shopify's sales and merchant volume came in a little under estimates, and Block's adjusted profit beat. Palantir and Apple also reported.
Apollo lost $1.1 billion mostly on rate marks at its retirement arm and called it a strong quarter
Higher rates hit unrealized values at Athene, Apollo's retirement business, and pushed the firm to a GAAP loss. Its CEO led with record origination. The loss deserved the top line.
Amazon promises two trillion-dollar businesses, starting with a $42.4 billion hole
Amazon's free cash flow swung to a $42.4 billion outflow on AI spending. Its CEO says it may soon run two trillion-dollar businesses. The warehouse of the future is mostly receipts.
Apple posts record September-quarter revenue in Ternus's first report, but warns on margins
Apple's iPhone and Services drove a 12% revenue gain. It forecast December-quarter sales above estimates, but margins below them.
Palantir now brings in more revenue from US companies than from the US government
U.S. commercial revenue jumped 148% to $984 million, topping U.S. government revenue for the first time, and Palantir raised its full-year outlook.
Amazon's cloud has its fastest growth in nearly five years, but the company still misses estimates
AWS grew 39%, but Amazon fell short on earnings and revenue. Sandisk beat and announced an 8-for-1 split, and Starbucks' U.S. comparable sales topped estimates while its revenue missed.
Intel shares tumble after a weak forecast hit by the PC slowdown and an Israel fab blast
Revenue rose 21% and data center sales jumped 78%, but Intel guided fourth-quarter revenue below estimates and its finance chief said a deadly fab explosion in Israel will cut about $300 million from fourth-quarter revenue.
GE Vernova's orders nearly double as it raises its 2026 outlook
Orders rose 96% to $29.3 billion and the backlog reached $197 billion as the power-equipment maker beat estimates and lifted its forecasts for the year.
Frontier's 71% fare jump shows what 'budget' means once Spirit is gone
Frontier's fare revenue per passenger jumped from $39.74 to $67.82 and passengers still rose 18%. Fuel is a real excuse, but the quarter shows a budget airline finding pricing power.
Boston Scientific cuts its 2026 outlook and sees Q4 sales falling after its August cyberattack
The medical device maker lowered its full-year profit and sales forecasts and now expects fourth-quarter revenue to shrink by about 1% to 3%.
Boeing slides almost 11% on earnings day while SoFi jumps 13%
Boeing posted a core loss of 34 cents a share, SoFi grew members 35%, Robinhood missed profit estimates and JetBlue's shares jumped. Here's Tuesday's earnings roundup.
Whirlpool fixes falling demand with its favorite appliance: the price increase
Whirlpool now expects a full-year 2026 GAAP loss of $4.95 a share, down from August's guidance of $2.25 to $2.75 a share in GAAP earnings. Its plan: a 7% price increase in North America and up to 10% in Latin America.
Verizon's subscriber adds nearly doubled estimates, but revenue fell short
Verizon raised its adjusted EPS forecast and signed an AI fiber deal with Amazon Web Services. Revenue missed estimates, and equipment sales fell as it cut device subsidies.
Tech steadied after Thursday's AI rout, but the Nasdaq still closed lower
A midday tech bounce faded by the close as investors kept weighing the cost of AI spending, while a Bloomberg report on SpaceX's wireless plans hit telecom stocks.
Two-thirds of the S&P 500's profit growth is coming from just 10 companies, the WSJ reports
Nvidia and Micron account for 34% of expected third-quarter growth, per Dow Jones Market Data. FactSet says the index's growth rate drops to 20.0% from 29.0% without them.
GM just had its worst week in nearly three years, by Bloomberg's count, and the analysts it tracks still aren't saying sell
GM's stock slid amid concerns about a narrower 2026 outlook and rising commodity costs, despite a quarterly beat and a new $20 billion buyback authorization.
The credit market just got a vote on AI, and Meta handed shareholders the bill
Opinion: Meta's free cash flow turned negative and its default swaps hit a record. Its funding plan, a non-voting share class it says helps avoid debt, shows who now gets a say in AI spending.
Western Digital and Bloom Energy beat estimates, Deckers cut its sales outlook, and all four stocks fell
All four reported after Thursday's close. Deckers raised its EPS outlook while cutting its sales forecast, and Newmont's sales rose even as it sold less gold.
American Express is cutting 5% of its workforce, and its CFO says AI is part of the reason
The card company took a $336 million restructuring charge in a quarter that beat adjusted profit estimates and lifted its full-year outlook.
Meta's capital spending pushed its free cash flow negative, and its default insurance hit a record
Meta's free cash flow came in at negative $2.12 billion as capital spending outran operating cash. Its five-year credit default swaps hit a record and the stock fell, even though revenue topped estimates.
Lam Research sinks after a record quarter as Lockheed raises its outlook again
Lam Research's supply constraints and China warning outweighed record revenue. Tesla cut its spending plan, Lockheed's backlog hit a record, and P&G beat on earnings.
Nokia's AI and cloud sales more than doubled, and its networking unit grew 17%
Nokia said its Network Infrastructure sales rose 17% in the third quarter, helped by AI and cloud demand, and Reuters reported that comparable operating profit topped the average estimate.
Meta will hand every shareholder a new non-voting share to help pay for AI
Meta's board approved a publicly listed, non-voting Class C stock, effective January 2027, and will pay one Class C share for every Class A and Class B share. The company says it needs the flexibility for capital raising, employee pay and deals as AI spending climbs.
Tesla's cash flow blows past forecasts as IBM and TI beat
Tesla's revenue was flat, but free cash flow beat estimates by billions. IBM, Texas Instruments, AT&T and Elevance beat, Philip Morris trimmed expectations, and Moody's missed.
SpaceX's AI Business Just Overtook Starlink
Third-quarter revenue rose 161% to $14.6 billion, led by an AI segment whose sales grew 830%. SpaceX expects $33 billion to $37 billion in revenue in the first quarter of 2027, and up to $40 billion of capital spending in the fourth quarter.
Netflix Hits Its Quarter, Then Cuts Its Ad Forecast for the Year
Third-quarter revenue of $12.87 billion matched estimates and profit beat, but Netflix lowered its 2026 ad revenue outlook to about $2.7 billion and its full-year sales forecast slipped.
Super Micro Says AI Demand Pushed Its Quarter Way Past Its Own Forecast
The server maker now estimates fiscal first-quarter revenue of $18.5 billion to $19.5 billion, well above its $14.5 billion to $15.5 billion guidance. The numbers are preliminary and unaudited.