Earnings Recap - July 28, 2026 (EOD)

 ## Today's Earnings Scorecard The earnings season continued with a mix of beats and misses across various sectors, influencing stock movements notably in industrials, technology, and financials. Key reports from companies like UPS, CoStar Group, and Visa shaped market sentiment, with some firms raising guidance while others faced revenue or margin challenges. Semiconductor-related stocks remained under pressure amid broader sector concerns, reflecting ongoing investor caution. ## Earnings Winners **$UPS** - +5% - Beat by: EPS beat by $0.10, revenue topped estimates - Guidance: raised full-year forecast UPS delivered a strong quarter, beating earnings estimates by $0.10 per share and surpassing revenue expectations. The company raised its full-year guidance, buoyed by the completion of its Amazon volume transition and ongoing cost-cutting efforts, which helped offset margin pressures. Despite some logistics headwinds, UPS's operational execution impressed investors. **$Armstrong World Industries** - +X% (data not available) - Beat by: EPS beat by $0.10, revenue topped estimates - Guidance: raised Armstrong World Industries posted a solid quarter with an EPS beat of $0.10 and revenue exceeding forecasts. The company raised its guidance, supported by strong demand and operational leverage, signaling confidence in sustained growth despite macroeconomic uncertainties. **$Visa** - data not available on price move - Beat by: EPS beat by $0.10, revenue topped estimates - Guidance: raised Visa reported robust results with double-digit revenue growth and payments volume surpassing $4 trillion. The company raised its guidance, reflecting resilient consumer spending and strong global payment trends despite economic headwinds. However, the announcement of a 7% workforce reduction as part of an efficiency push tempered enthusiasm. **$CoStar Group** - -12% (after-hours) - Beat by: EPS beat - Missed: revenue - Issue: disappointing revenue guidance CoStar Group beat EPS estimates but missed on revenue and provided weaker-than-expected revenue guidance. The company’s shares fell sharply after hours as investors reacted to concerns about bookings and the CFO’s recent departure, highlighting uncertainty in the commercial real estate data market. **$Redwood Trust (RWT)** - -X% (data not available) - Missed: EPS missed by $0.01, revenue fell short - Issue: revenue softness Redwood Trust reported a slight EPS miss and revenue below expectations. Despite the miss, analysts maintain a buy rating with a lowered price target of $6, reflecting confidence in the company’s long-term prospects amid a challenging mortgage REIT environment. **$Landstar System** - -X% (data not available) - Missed: EPS missed by $0.05, revenue topped estimates - Issue: margin pressure Landstar’s earnings missed estimates by $0.05 despite revenue topping forecasts. The company faced margin compression due to rising costs and competitive pricing pressures in the logistics sector, weighing on investor sentiment. ## Earnings Losers **$CoStar Group** - -12% - Missed: revenue and guidance - Issue: bookings weakness and CFO exit CoStar’s revenue miss and cautious guidance overshadowed its EPS beat, leading to a significant share price decline. The market is concerned about the company’s ability to sustain growth amid leadership changes and a challenging commercial real estate environment. **$Redwood Trust (RWT)** - data not available on price move - Missed: EPS and revenue - Issue: revenue softness and cautious outlook Redwood Trust’s slight earnings and revenue miss, coupled with a lowered price target from Jones Trading and BTIG, reflects ongoing challenges in the mortgage REIT sector, including interest rate pressures and refinancing headwinds. **$Landstar System** - data not available on price move - Missed: EPS - Issue: margin compression Landstar’s earnings miss was driven by margin pressures despite solid revenue, indicating cost challenges in the freight and logistics industry that could persist near term. ## After-Hours Earnings **$Bloom Energy (BE)** - Results: Earnings beat by $0.38, revenue topped estimates - AH reaction: +8% Bloom Energy surged in after-hours trading following a strong report that beat EPS estimates by $0.38 and exceeded revenue expectations. The company raised its 2026 outlook, citing robust demand for AI data center power solutions, positioning itself as a key player in the AI infrastructure space. **$KLA Corporation (KLAC)** - Results: Earnings beat by $0.05, revenue topped estimates - AH reaction: shares fell KLA beat earnings and revenue estimates but saw its shares decline after hours. The market’s reaction suggests concerns about future guidance or valuation amid ongoing semiconductor sector volatility. **$Skyworks Solutions (SWKS)** - Results: Earnings beat by $0.05, revenue topped estimates - AH reaction: data not available Skyworks posted a solid quarter with earnings and revenue beats. The stock’s after-hours movement was not specified, but the results reinforce the company’s position in the semiconductor supply chain despite sector headwinds. **$NXP Semiconductors (NXPI)** - Results: Beat EPS but shares fell - AH reaction: shares fell NXP beat earnings estimates but the stock declined, likely due to cautious guidance or margin concerns, reflecting the broader semiconductor selloff. **$Seagate Technology (STX)** - Results: Earnings beat, revenue topped estimates - AH reaction: shares jumped Seagate’s earnings beat and strong data center demand helped the stock rally after hours, bucking the semiconductor sector’s negative trend. **$UPS (UPS)** - Results: Beat EPS by $0.10, revenue topped estimates - AH reaction: +5% UPS’s strong earnings and raised guidance lifted shares in after-hours trading, confirming investor confidence in the company’s turnaround and operational improvements. ## Earnings Themes Today - Revenue trends were mixed, with many companies beating EPS but struggling with top-line growth or providing cautious revenue guidance, especially in real estate and logistics sectors. - Margin commentary highlighted ongoing cost pressures, particularly in logistics (Landstar) and semiconductor industries, where margin compression remains a concern despite strong demand in some areas. - Guidance tone varied, with some companies like UPS, Armstrong World Industries, and Visa raising outlooks, signaling confidence in their markets, while others such as CoStar and Redwood Trust issued more cautious or lowered guidance amid uncertainty. ## Tomorrow's Earnings Watch - **$Apple (AAPL)** - Before market open - Key metric to watch: revenue and EPS in Tim Cook’s final earnings call as CEO, with particular attention to iPhone sales and services growth amid market volatility. - **$Amazon (AMZN)** - Before market open - Key metric to watch: AI investment impact on margins and cloud growth amid recent strategy shifts. - **$Meta Platforms (META)** - After market close - Key metric to watch: AI spending levels and advertising revenue trends amid investor skepticism. - **$Tesla (TSLA)** - After market close - Key metric to watch: vehicle deliveries and margin outlook following recent stock weakness. - **$Microsoft (MSFT)** - After market close - Key metric to watch: AI investment returns and cloud revenue growth. ## Key Takeaway Today’s earnings underscore a market grappling with mixed signals: operational beats and raised guidance from industrials and payments companies contrast with caution in real estate data, logistics, and semiconductors. Margin pressures and revenue growth challenges persist, especially in sectors exposed to macroeconomic headwinds and geopolitical tensions. The semiconductor selloff and AI spending concerns continue to weigh on tech stocks, setting the stage for critical reports from Big Tech tomorrow. Investors remain focused on guidance tone and capital allocation strategies as the market navigates uncertainty ahead of the Federal Reserve’s upcoming decision.