Earnings Recap - March 22, 2026 (Morning)

 ## Overnight Earnings Movers Companies that reported after yesterday's close or before today's open: ### Beats & Positive Reactions No notable beats overnight. ### Misses & Negative Reactions No notable misses overnight. ## Reporting Today Companies expected to report earnings today: - **$AMZN** - After market - Watch for revenue growth and margin trends amid AI investments and competitive pressures. - **$INTC** - After market - Key metrics include EPS and guidance, especially given recent stock weakness and industry challenges. - **$META** - After market - Focus on advertising revenue and AI-related expenses, as well as user growth metrics. - **$MSFT** - After market - Investors will scrutinize cloud revenue, AI spending, and margin outlook. - **$NVDA** - After market - Key to watch are data center sales and AI-related demand, amid recent geopolitical and regulatory headwinds. - **$PLTR** - After market - Look for government contract updates and AI platform adoption trends. - **$ORCL** - After market - Focus on cloud revenue growth and margin pressures from AI investments. - **$SNAP** - After market - User engagement and advertising revenue will be critical. - **$SQ** - After market - Payment volume and AI product integration updates are key. - **$TGT** - After market - Watch for same-store sales and margin guidance amid inflationary pressures. - **$OKTA** - After market - Subscription growth and AI-related R&D expenses will be important. - **$CARR** - After market - Industrial demand and margin trends to watch. - **$CVNA** - After market - Gross profit per unit and margin outlook are critical given recent headwinds. - **$O** - After market - REIT fundamentals and dividend sustainability will be under scrutiny. - **$RUM** - After market - Revenue growth and profitability metrics to watch. - **$U** - After market - User growth and monetization trends are key. - **$WMB** - After market - Energy prices impact and production guidance will be important. - **$XEL** - After market - Utility earnings and regulatory updates to monitor. - **$ZS** - After market - Subscription growth and AI product adoption are key focus areas. ## Earnings Themes - **AI Investment Costs and Margin Pressure:** Several tech giants including **$MSFT**, **$META**, and **$ORCL** are expected to report increased spending on AI infrastructure and R&D, which is pressuring margins despite strong revenue growth. This theme is consistent with Box CEO’s comments on soaring AI costs expanding beyond engineering teams. - **Mixed Revenue Growth in Tech:** While AI-related demand boosts certain segments, companies like **$INTC** and **$NVDA** face challenges from geopolitical issues and supply chain disruptions, dampening near-term revenue outlooks. - **Consumer and Retail Resilience:** Retailers such as **$TGT** are navigating inflationary pressures with cautious margin guidance, reflecting ongoing cost challenges despite stable sales. - **Government and Defense AI Adoption:** **$PLTR** benefits from Pentagon adoption of its AI-powered Maven platform, securing long-term contracts and boosting investor confidence in defense tech AI applications. - **Energy Sector Volatility:** Energy-related companies like **$WMB** and **$XEL** are impacted by surging oil and gas prices, with earnings sensitive to commodity price fluctuations and regulatory environments. ## Earnings Trade Ideas 1. **Long Palantir Technologies ($PLTR):** With the Pentagon reportedly adopting Palantir’s Maven AI platform across all military branches, the company is positioned for stable, long-term government contracts. This adoption signals strong AI-driven revenue growth potential, making $PLTR an attractive play on defense AI expansion. 2. **Cautious on Intel ($INTC):** Given the recent 4.18% stock decline and industry headwinds, Intel’s earnings could disappoint if supply chain or competitive pressures persist. Investors may consider hedging or waiting for clearer guidance before committing to $INTC shares.