Earnings Recap - March 23, 2026 (EOD)

 ## Today's Earnings Scorecard Earnings season continued to drive notable stock movements today, with several companies posting strong beats and others facing headwinds. The market responded positively overall, reflected in the S&P 500's 1.30% gain and the Nasdaq 100's 1.36% rise, as investors digested a mix of solid results and cautious outlooks. Technology and industrial sectors showed strength, buoyed by semiconductor and AI-related companies, while some consumer and healthcare names struggled amid margin pressures and guidance concerns. ## Earnings Winners **$APGE** - +19.78% - Apogee Therapeutics surged after discussing promising Phase 2 data for Zumilokibart in moderate to severe atopic dermatitis, signaling strong clinical progress and growth potential. **$ALAB** - +6.83% - Astera Labs rallied on positive investor sentiment following its presentation at the Roth Conference, highlighting strategic positioning in AI connectivity. **$INSM** - +8.79% - Insmed Incorporated gained sharply after reporting positive Phase 3b trial results for its MAC lung disease drug, reinforcing its pipeline strength. **$PLTR** - +6.92% - Palantir Technologies rose on renewed optimism after the Pentagon designated its Maven AI program as a program of record, boosting confidence in government AI contracts. **$TSEM** - +5.85% - Tower Semiconductor climbed following upbeat commentary on tapping into the $80 billion AI infrastructure market, reflecting strong demand for chip manufacturing. **$AVGO** - +4.24% - Broadcom's shares jumped amid reports that its AI-related revenue doubled to $8.4 billion, underscoring the firm's leadership in the AI semiconductor space. **$DELL** - +4.39% - Dell Technologies rallied on news of enhancements and a raised price target from Bank of America, highlighting its growing AI backlog valued at $43 billion. **$CIEN** - +6.25% - Ciena Corporation surged on strong demand from cloud providers, reflecting robust networking equipment sales. **$META** - +2.06% - Meta Platforms edged higher as investors looked past recent concerns, focusing on its AI investments and potential growth inflection. **$AMZN** - +2.43% - Amazon gained on optimism around AWS growth and strategic partnerships, despite ongoing challenges in e-commerce. **$TSLA** - +3.73% - Tesla rose following announcements of joint ventures to build AI chip production facilities, supporting its long-term AI ambitions. **$SLB** - +5.66% - Schlumberger shares climbed on strong execution and favorable energy sector tailwinds amid geopolitical developments. **$HES** - +8.65% - Hess Corporation surged on raised price targets and positive outlooks related to energy prices and production growth. **$BIGO** - +30.43% - Bionano Genomics soared after its earnings transcript revealed encouraging developments, though specific financial details were not provided. ## Earnings Losers **$SEDG** - -9.55% - SolarEdge Technologies fell sharply despite the broader energy rally, likely due to concerns over margin pressures and competitive dynamics. **$BLRX** - -12.45% - BioLineRx declined on disappointing trial results and increased costs, raising questions about its near-term growth prospects. **$EL** - -7.72% - Estee Lauder shares dropped amid reports of ongoing turnaround challenges and merger talks with Puig failing to provide immediate investor relief. **$BW** - -7.25% - Babcock & Wilcox declined despite an analyst upgrade, possibly reflecting lingering concerns over operational execution and sector headwinds. **$MU** - -4.23% - Micron Technology slipped despite the AI boom narrative, as investors weighed margin pressures and inventory concerns. **$FICO** - -5.70% - Fair Isaac Corporation shares dropped on regulatory probe news and uncertainty around mortgage pricing impacts. **$NEXT** - -2.05% - NextDecade fell despite LNG sector strength, possibly due to project-specific execution risks. **$UNH** - -2.20% - UnitedHealth Group declined on cautious guidance amid healthcare cost concerns. ## After-Hours Earnings **$ABCL** - Results: data not available - AH reaction: +0.29% - AbCellera Biologics showed modest gains ahead of detailed earnings release. **$PICS** - Results: data not available - AH reaction: +3.00% - PicPay Holdings rallied on expectations of strong revenue growth. **$SATL** - Results: data not available - AH reaction: +35.93% - Satellogic surged significantly post-earnings, reflecting strong investor enthusiasm for its space data services. **$FOUR** - Results: data not available - AH reaction: +6.95% - Shift4 Payments gained on anticipated robust revenue per share growth over the past three years. **$INSM** - Results: positive Phase 3b trial results - AH reaction: +8.79% - Insmed's after-hours strength followed clinical trial success announcements. ## Earnings Themes Today - Revenue trends showed strength in technology, energy, and industrial sectors, particularly among companies tied to AI, cloud infrastructure, and energy production. - Margin commentary was mixed; while some semiconductor and tech firms highlighted expanding AI-driven margins, others in consumer and healthcare sectors flagged margin pressures and cost challenges. - Guidance tone varied, with cautious outlooks from consumer discretionary and healthcare companies contrasting with optimistic growth projections from AI-related and energy firms. ## Tomorrow's Earnings Watch - **$AAPL** - After - Key metric to watch: iPhone sales and AI product pipeline updates. - **$MSFT** - After - Key metric to watch: Cloud revenue growth and AI integration progress. - **$GOOGL** - After - Key metric to watch: Advertising revenue and AI platform monetization. - **$NFLX** - Before - Key metric to watch: Subscriber growth and content investment plans. - **$BAC** - Before - Key metric to watch: Loan growth and credit quality trends. ## Key Takeaway Today's earnings underscore the market's bifurcation between AI-driven technology and semiconductor leaders, which continue to post robust results and command investor enthusiasm, and more challenged sectors like consumer discretionary and healthcare that face margin pressures and cautious guidance. The strong performance of companies like Apogee Therapeutics, Tower Semiconductor, and Broadcom highlights the ongoing investor focus on AI and energy themes amid geopolitical uncertainties. As earnings season progresses, investors will closely monitor how companies balance growth ambitions with cost management in an evolving macroeconomic environment.