Earnings Recap - August 13, 2026 (Morning)

 ## Overnight Earnings Movers Companies that reported after yesterday's close or before today's open: ### Beats & Positive Reactions **$NOMD** - Nomad Foods reported earnings beating estimates by €0.06 per share with revenue topping expectations. The positive surprise on both earnings and top line has likely contributed to a favorable market reaction, reflecting strength in their operational execution and demand resilience. **$AUTO** (AutoStore Holdings Ltd.) - AutoStore posted record revenue and beat profit estimates, driven by strong order intake including a significant deal with Amazon. The company also provided a robust 2026 revenue outlook, signaling confidence in sustained growth and operational leverage. **$MAERSK** - Maersk exceeded profit forecasts for Q2 2026 and raised its outlook. The shipping giant’s strong performance amid global trade resilience and supply chain normalization has been well received by investors. **$LENOVO** - Lenovo reported a 43% jump in Q1 revenue, the highest in five years, driven by AI-related demand for computers and servers. Despite an EPS miss, shares surged nearly 20% on renewed optimism about the company’s AI growth trajectory. **$OTVO** (Otovo ASA) - Otovo raised its 2026 guidance after reporting margin gains in Q2, supported by its AI platform. The company’s focus on efficiency improvements and margin expansion is a positive signal for growth investors. **$AEVEX** - Aevex doubled revenue in Q2 2026 and announced a $650 million BlackSea deal, underscoring strong growth momentum in its defense technology segment. **$SERA** (Sera Prognostics) - Reported Q2 earnings with positive commentary, details not specified but implied favorable results. **$PANDORA** - Pandora beat Q2 estimates and raised its outlook, driving a share price jump. The company’s ability to exceed expectations and improve guidance highlights operational strength. ### Misses & Negative Reactions **$ROCK** (Rockwell Medical) - Missed earnings by $0.01 and reported revenue below estimates. The shortfall suggests challenges in revenue growth or cost management, which may pressure the stock. **$CELB** (Cellebrite) - Named a new CEO but cut its 2026 revenue outlook, signaling operational or market headwinds that weighed on investor sentiment. **$NEWF** (New Fortress Energy) - Earnings missed by $1.10 per share with revenue falling short of estimates, reflecting ongoing operational or market challenges. **$INTU** (Intuit) - Despite strong fundamentals, the company faces AI-related fears impacting sentiment, though it remains attractive on valuation grounds. **$PAGS** (PagSeguro) - Earnings missed and revenue fell short, raising concerns about competitive pressures or execution. **$INTERNATIONAL MONEY EXPRESS** - Missed earnings by $0.22 and revenue fell short, indicating operational difficulties. **$TALENOM** - Q2 results showed modest growth with impairments hitting profit, leading to an 8% stock decline. **$TESLA** - Analyst Gary Black warns Tesla’s reliance on CEO posts and word-of-mouth marketing is insufficient compared to Apple’s marketing prowess, highlighting strategic risks amid robotaxi delays. ## Reporting Today Companies expected to report earnings today: - **$META** - Before market open - Watch for core business fundamentals and capital expenditure outlook amid regulatory pressures, including recent account deactivations in Australia. - **$JPM** - Before market open - Key metrics include earnings and guidance amid ongoing AI adoption discussions and financial sector dynamics. - **$NOW** (ServiceNow) - Before market open - Investors will focus on AI leverage in business workflows and growth outlook. - **$MSGE** (Madison Square Garden Entertainment) - Before market open - Susquehanna maintains positive outlook with a raised price target to $103, watch for Q4 2026 earnings details. - **$LFTO** (Liftoff Mobile) - Q2 2026 earnings call today; Cantor Fitzgerald maintains overweight rating but lowered price target to $32, signaling mixed sentiment. - **$WYFI** (WhiteFiber) - Q2 2026 earnings call today; Cantor Fitzgerald upgraded to overweight and raised price target to $36, indicating positive momentum. - **$AVEX** (Aevex) - Q2 2026 earnings call today; Needham reiterates buy with $45 price target, watch for revenue growth and deal updates. - **$PEPXY** (Pexip Holding ASA) - Q2 2026 earnings call today; focus on profit growth and market reaction. - **$KOJAF** (Lumo Kodit Oyj) - Q2 2026 earnings call transcript available; watch for occupancy and profit trends. - **$MKS** (MKS Instruments) - Q2 2026 earnings call today; AI manufacturing demand and margin trends are key. - **$RRGB** (Red Robin Gourmet Burgers) - Q2 2026 earnings call today; operational performance and margin outlook to watch. - **$STUB** (StubHub Holdings) - Q2 2026 earnings call today; revenue trends and competitive pressures are focal points. - **$AVIR** (Atea Pharmaceuticals) - Q2 2026 earnings call today; pipeline progress and revenue growth to monitor. - **$QGEN** (Qiagen) - Q2 2026 earnings call today; watch for biotech demand and margin commentary. Light earnings calendar today for other sectors. ## Earnings Themes - Revenue trends show a mix of strong growth in AI-related tech companies (Lenovo, Otovo, Aevex) and challenges in traditional sectors (Rockwell Medical, New Fortress Energy). - Margin pressures persist in some industries, notably in tech hardware and energy, but companies like Otovo and Lumo Kodit report margin expansion. - Guidance sentiment is cautiously optimistic overall, with several companies raising outlooks (Maersk, Pandora, Otovo) while others cut or moderate guidance due to market uncertainties (Cellebrite, Liftoff Mobile). - AI adoption remains a central theme, with companies leveraging AI to drive efficiency and growth, though concerns about AI investment costs and competitive dynamics are noted (Intuit, Tencent). ## Earnings Trade Ideas 1. **$LENOVO** - Despite an EPS miss, Lenovo’s 43% revenue surge driven by AI demand and a nearly 20% share rally suggest a strong growth trajectory. Investors could consider exposure to Lenovo as a play on AI-driven hardware demand, especially given the company’s record revenue and positive market reaction. 2. **$AUTO** (AutoStore Holdings) - With record revenue, a major Amazon deal, and a beat on profit estimates, AutoStore is positioned well for continued growth in automated warehouse solutions. The strong 2026 revenue outlook supports a bullish stance on the stock for investors seeking exposure to logistics automation and AI-enabled supply chain technologies.