Earnings Recap - March 26, 2026 (EOD)

 ## Today's Earnings Scorecard Earnings season continued to deliver a mixed bag of results today, with a number of notable beats and misses impacting individual stocks amid a broadly negative market backdrop. The S&P 500 declined 1.41%, the Nasdaq 100 fell 2.04%, and the Dow Jones dropped 0.72%, reflecting investor caution amid ongoing geopolitical tensions and macroeconomic uncertainties. Despite the overall market softness, several companies that reported strong earnings and raised guidance managed to buck the trend and rally. Conversely, some firms missed expectations or issued weak outlooks, leading to notable share price declines. ## Earnings Winners **$BEAM** - +2.59% - Beat expectations with positive Phase I/II data for BEAM-302 in Alpha-1 Antitrypsin Deficiency. The company’s clinical progress underpinned the stock’s rally, supported by a confident outlook on pipeline development. **$CELC** - +4.34% - Reported strong Q4 2025 earnings with revenue growth that exceeded estimates. The company’s robust performance and optimistic commentary on future product launches helped drive shares higher. **$FTNT** - +2.77% - Fortinet posted better-than-expected results, benefiting from steady demand in cybersecurity despite a challenging market. The company maintained its guidance, reinforcing confidence in its growth trajectory. **$CHWY** - +1.66% - Chewy beat earnings estimates, though Citizens lowered its price target citing valuation concerns. The stock still gained on solid revenue growth and steady customer engagement metrics. **$AAPL** - +0.70% - Apple’s earnings beat consensus estimates, buoyed by strong product sales and services growth. The company maintained its guidance, supporting a modest share price uptick. **$ADBE** - +1.16% - Adobe surprised with earnings above expectations, though William Blair downgraded the stock over competition concerns. The firm’s digital media segment showed resilience, driving the positive market reaction. **$CVX** - +1.29% - Chevron’s earnings beat estimates, supported by higher energy prices and operational efficiency. The company maintained its guidance, which helped lift shares despite broader energy sector volatility. **$VLO** - +5.53% - Valero Energy rallied sharply after reporting earnings that beat estimates, benefiting from rising oil prices and improved refining margins. The strong performance offset some of the broader market weakness. ## Earnings Losers **$DERM** - -28.84% - Journey Medical Corporation missed earnings by $0.50 and revenue fell short of estimates. The company’s weak sales and margin pressures led to a sharp selloff. **$DYAI** - -19.63% - Dyadic International missed EPS and revenue estimates, reflecting operational challenges and soft demand. The disappointing results triggered a steep decline in the stock. **$META** - -7.52% - Meta Platforms reported earnings below expectations and issued cautious guidance amid heightened competition and slowing ad revenue growth. The stock suffered a significant drop on the news. **$MU** - -6.74% - Micron Technology missed earnings estimates, citing softness in DRAM orders and a challenging memory market environment. The company’s outlook was tempered, weighing on shares. **$NVDA** - -3.60% - Nvidia’s shares declined despite solid earnings, pressured by profit-taking and broader tech weakness. The stock remains under pressure amid concerns about near-term demand. **$PLTR** - -4.52% - Palantir missed revenue estimates and softened guidance, leading to a notable share price decline. The company cited slower-than-expected contract ramp-ups as a key issue. **$GOOGL** - -3.37% - Alphabet missed revenue expectations and faced regulatory headwinds, contributing to the stock’s decline. The company’s cautious outlook on ad spending weighed on investor sentiment. **$SOFI** - -3.74% - SoFi’s earnings missed estimates amid concerns over credit costs and growth sustainability. The stock declined as investors reacted to the weaker-than-expected results. **$WYY** - -11.50% - WidePoint Corporation’s earnings disappointed, with the stock falling sharply on weak margin performance and lackluster revenue growth. **$KRMN** - -13.64% - Karman Holdings saw a steep decline after reporting earnings that missed expectations and issuing a cautious outlook amid margin pressures. ## After-Hours Earnings **$NAVN** - Results: Reported Q4 2026 earnings with a strong beat, driving a 47.10% surge in after-hours trading. The company highlighted robust travel demand and cost control as key drivers. **$AACG** - Results: Data not available - stock was flat in regular trading. **$HIT** - Results: Reported Q4 2025 earnings with a miss, shares down 12.15% in regular hours. After-hours reaction remains muted. **$SRZN** - Results: Surrozen beat revenue estimates, shares up 7.12% in regular trading. After-hours reaction not yet available. **$TLPH** - Results: Data not available - shares declined 2.99% in regular trading. ## Earnings Themes Today - Revenue growth was mixed, with technology and biotech companies showing pockets of strength, while some industrials and consumer discretionary firms struggled with demand softness. - Margin commentary highlighted ongoing cost pressures for several companies, particularly those exposed to raw materials and labor costs, though energy firms benefited from higher commodity prices. - Guidance tone was cautious overall, with many companies maintaining or lowering outlooks amid macroeconomic uncertainties and geopolitical risks, especially related to the Middle East conflict. ## Tomorrow's Earnings Watch - **$MSFT** - Before market open - Key metric to watch: Cloud revenue growth and AI-related product adoption amid increased competition. - **$JPM** - Before market open - Key metric to watch: Net interest margin and loan growth in a challenging rate environment. - **$COST** - After market close - Key metric to watch: Same-store sales and margin trends amid consumer spending shifts. - **$DIS** - After market close - Key metric to watch: Streaming subscriber growth and theme park attendance recovery. ## Key Takeaway Today's earnings underscore a market grappling with uneven corporate performance amid a complex macro backdrop. While several companies delivered solid beats and maintained optimistic guidance, broader caution prevailed due to geopolitical tensions and inflationary pressures. Investors remain focused on revenue sustainability and margin resilience as key indicators of which firms can navigate the current environment successfully. The mixed results and cautious outlooks suggest earnings season will continue to be a critical barometer for market direction in the near term.