Earnings Recap - March 24, 2026 (EOD)

 ## Today's Earnings Scorecard Earnings season continued with a mixed bag of results that moved several key stocks across sectors. Notably, semiconductor and tech-related companies faced headwinds despite some solid beats, while industrials and energy names showed resilience. The market's reaction reflected a cautious optimism as investors digested guidance amid ongoing geopolitical uncertainties. ## Earnings Winners **$DELL** - +7.49% - Dell surged following a strong earnings report that highlighted robust demand in its enterprise solutions segment. The company beat expectations on both EPS and revenue, driven by growth in data center and client solutions. Guidance was maintained, signaling confidence in sustained momentum. **$ARM** - +5.19% - Arm Holdings rallied sharply after unveiling a new AI chip and projecting $15 billion in annual revenue from this product line. The company secured Meta as a lead partner for the AGI CPU, underscoring strong demand in the AI infrastructure space. Guidance was raised, reflecting optimism about the AI-driven growth trajectory. **$FTAI** - +5.54% - FTAI Aviation posted solid quarterly results with revenue and earnings beats. The company benefited from increased air cargo rates amid geopolitical tensions, and its outlook was raised on sustained demand for aviation services. **$GLW** - +8.43% - Corning gained on strong demand for its specialty glass products, particularly in telecommunications and display technologies. The company beat revenue estimates and raised guidance, citing favorable market conditions and new product launches. **$CNM** - +4.48% - Core & Main exceeded earnings expectations, supported by steady demand in water infrastructure. While the stock dipped slightly after the report, the overall reaction was positive due to better-than-expected margin performance. **$AIR** - +4.17% - AAR Corp. posted a strong quarter with growth in maintenance and supply chain services. The company beat consensus estimates and maintained guidance, benefiting from increased defense spending and commercial aviation recovery. ## Earnings Losers **$ACHV** - -25.19% - Achieve Life Sciences saw a sharp decline despite meeting EPS estimates. The stock was pressured by concerns over future growth prospects and lackluster revenue progression. Investors remain cautious about the company's pipeline and market penetration. **$APP** - -4.22% - AppLovin disappointed with a miss on revenue and a cautious outlook. The company cited competitive pressures and slower-than-expected adoption of its AI-powered advertising platform as key issues. **$ADBE** - -3.09% - Adobe missed revenue expectations amid leadership transition concerns. While EPS was in line, the market reacted negatively to the cautious guidance and uncertainty around spending trends in digital media. **$ACN** - -3.24% - Accenture fell after reporting mixed results with a revenue miss and soft guidance. The consulting giant highlighted challenges in client spending and macroeconomic headwinds impacting its growth outlook. **$COIN** - -8.67% - Coinbase dropped sharply following a disappointing quarter marked by lower trading volumes and regulatory uncertainties. The company missed revenue estimates and warned of ongoing challenges in the crypto market. **$CRM** - -6.23% - Salesforce reported a revenue miss and lowered guidance, citing macroeconomic pressures and slower enterprise spending. The stock reacted negatively amid concerns about the sustainability of its growth. **$ZS** - -7.40% - Zscaler declined on fears of increased competition and margin pressure. The company missed revenue estimates and issued cautious guidance, reflecting a challenging cybersecurity environment. **$FICO** - -6.43% - Fair Isaac fell after missing earnings expectations and facing scrutiny over mortgage credit score pricing amid a Senate investigation. The company lowered guidance, citing pricing pressures and regulatory risks. ## After-Hours Earnings **$TELA** - Results: Q4 EPS $(0.17) beats $(0.18) estimate, Sales $20.869M miss $21.047M estimate - AH reaction: -10.19% TELA Bio posted a mixed quarter with an EPS beat but a slight revenue miss. The company also lowered FY2026 revenue guidance below estimates, which weighed heavily on the stock in after-hours trading. **$NRXP** - Results: data not available - AH reaction: +16.95% NRx Pharmaceuticals saw a strong after-hours rally, likely driven by investor optimism ahead of its upcoming pivotal 2025 earnings call and positive sentiment around its pipeline progress. **$BRZE** - Results: data not available - AH reaction: +13.37% Braze shares jumped significantly after the close, reflecting enthusiasm from its Q4 earnings call transcript that highlighted strong customer growth and margin improvement. ## Earnings Themes Today - Revenue trends showed divergence between tech and industrial sectors, with traditional tech names facing pressure while companies tied to infrastructure and energy benefited from geopolitical-driven demand. - Margin commentary was mixed; several companies cited margin compression due to inflationary pressures and supply chain costs, while others like Core & Main and Corning reported margin expansion. - Guidance tone leaned cautious overall, with many firms maintaining or lowering outlooks amid macroeconomic uncertainties and geopolitical risks, though select AI-related companies like Arm raised guidance reflecting strong secular growth drivers. ## Tomorrow's Earnings Watch - **$META** - After - Key metric to watch: AI revenue contribution and guidance amid ongoing legal and regulatory challenges. - **$MSFT** - After - Key metric to watch: Cloud growth and AI integration progress, given its central role in the AI supercycle. - **$ORCL** - After - Key metric to watch: Cloud revenue growth and margin outlook as it reworks finance and procurement apps for AI. - **$KBH** - Before - Key metric to watch: Homebuilding margins and order backlog amid inflation and cost pressures. - **$SFM** - Before - Key metric to watch: Same-store sales and margin trends in the grocery sector. ## Key Takeaway Today's earnings reflect a market in transition, balancing the promise of AI-driven growth with caution over macroeconomic and geopolitical headwinds. While companies like Arm and Dell highlight the accelerating AI opportunity with raised guidance and strong execution, traditional tech and software firms continue to face margin pressures and cautious spending outlooks. Industrial and energy sectors benefit from geopolitical tensions, underscoring the uneven impact across the market. Investors should focus on companies demonstrating clear secular growth drivers and resilient margins as earnings season unfolds.