Earnings Recap - February 23, 2026 (EOD)

 ## Today's Earnings Scorecard Earnings season continued with a mix of beats and misses across various sectors, impacting stocks unevenly amid broader market concerns over AI risks and tariff uncertainties. Notably, industrials, healthcare, and technology companies reported results that influenced their share prices significantly. While some companies delivered solid revenue growth and raised guidance, others missed estimates or issued cautious outlooks, contributing to the overall market decline. The S&P 500 closed down 1.02%, the Nasdaq 100 fell 1.03%, and the Dow Jones dropped 1.63%, reflecting investor caution despite pockets of earnings strength. ## Earnings Winners **$AAPL** - +1.10% - Apple’s shares rose following a steady quarter with revenue and EPS beats, supported by strong device sales and services growth. Guidance was maintained, signaling confidence in ongoing demand despite macroeconomic headwinds. **$ABBV** - +2.08% - AbbVie outperformed expectations with better-than-expected EPS and revenue, driven by robust pharmaceutical sales. The company maintained its guidance and announced a $380 million investment to expand US manufacturing capacity. **$ABT** - +2.66% - Abbott Laboratories reported solid earnings with revenue growth and margin expansion. The company maintained its outlook, benefiting from stable demand in its diversified healthcare portfolio. **$AEM** - +5.71% - Agnico Eagle Mines saw a strong rally on the back of a gold price rally and better-than-expected results, with shareholder yield topping 9%. The company’s earnings benefited from favorable commodity prices. **$ASND** - +4.42% - Ascendis Pharma posted strong quarterly results with revenue growth and positive pipeline updates, driving the stock higher. **$ADEA** - +4.05% - Adeia reported solid Q4 earnings with revenue growth and maintained guidance, reflecting resilience in its data infrastructure business. **$DPZ** - +3.76% - Domino’s Pizza beat revenue estimates with strong U.S. sales growth and positive commentary on consumer demand, pushing shares higher. **$FPI** - +4.54% - Farmland Partners delivered a strong quarter with revenue and profitability gains, supported by favorable agricultural commodity trends. **$FRPT** - +4.66% - Freshpet beat EPS estimates significantly despite a slight revenue miss, buoyed by operational efficiencies and a $15 million AI deal. **$LINC** - +9.04% - Lincoln Educational Services exceeded Q4 revenue forecasts, showing resilience in the education sector amid strategic shifts. **$LLY** - +4.68% - Eli Lilly’s shares jumped after launching a new multi-dose weight-loss drug device and maintaining strong growth prospects despite competitive pressures. **$MAX** - +10.08% - MediaAlpha surged following strong Q4 results and positive guidance, reflecting robust demand in digital marketing services. **$PYPL** - +6.12% - PayPal rallied sharply on takeover buzz and a sudden CEO change, despite broader fintech sector weakness. **$SIBN** - +11.18% - Si-Bone reported strong revenue growth and EPS beat, driving a notable share price gain. **$TARS** - +14.10% - Tarsus experienced a significant jump after reporting narrowed losses and a surge in revenue, signaling operational improvements. **$TDW** - +8.34% - Tidewater posted strong earnings and raised guidance, benefiting from increased offshore activity. **$TNDM** - +8.26% - Tandem Diabetes Care showed strong Q4 execution and growth amid a transition to a pay-as-you-go model. **$WGS** - +6.08% - GeneDx Holdings saw a substantial rise on positive pipeline progress and upcoming data readouts. ## Earnings Losers **$IBM** - -12.33% - IBM’s stock plunged after Anthropic’s announcement of a new AI programming language tool raised concerns about IBM’s competitive positioning in AI. Earnings missed expectations amid AI-related disruption fears. **$CRWD** - -10.16% - CrowdStrike reported a significant earnings miss, with revenue and EPS below estimates. The company cited increased competition and AI-related market pressures as headwinds. **$ACVA** - -10.12% - ACV Auctions missed earnings estimates amid profitability concerns despite revenue growth, leading to a sharp selloff. **$PRE** - -11.44% - The Pretium Resources stock tumbled following a disappointing quarter with declining revenue and margin pressures. **$BX** - -5.83% - Blackstone shares fell on concerns about private credit quality and a cautious outlook amid broader credit market worries. **$FITB** - -5.61% - Fifth Third Bancorp missed earnings estimates, weighed down by weaker trading income and credit concerns. **$COIN** - -6.59% - Coinbase shares declined sharply after the company reported mixed results and ongoing regulatory uncertainties. **$U** - -6.57% - Unity Software missed revenue estimates and issued cautious guidance, reflecting challenges in monetizing its platform amid AI competition. **$KKR** - -8.58% - KKR’s stock dropped due to concerns over private credit market risks and a cautious outlook on dealmaking activity. **$TRUP** - -6.54% - Trupanion shares fell to a 52-week low after reporting weak Q4 results and disappointing guidance. **$CTSH** - -5.80% - Cognizant Technology Solutions missed EPS estimates amid margin pressures and slowing demand in key segments. **$BBWI** - -7.92% - Bath & Body Works’ parent company fell sharply on a disappointing quarter with margin contraction and cautious outlook. **$WFC** - -4.00% - Wells Fargo missed earnings estimates, pressured by credit concerns and lower trading revenue. **$ORCL** - -5.46% - Oracle’s shares declined after a revenue miss and cautious commentary on cloud growth amid AI competition. **$SNOW** - -8.41% - Snowflake reported a significant earnings miss with margin concerns, leading to a steep share price decline. ## After-Hours Earnings **$ALSN** - Results: Q4 EPS $1.18 missed $1.54 estimate, Sales $737M beat $723M estimate - AH reaction: -3.24% Allison Transmission reported mixed results with a miss on EPS but a beat on sales. The company sees FY2026 sales between $5.575B-$5.925B, but the cautious EPS miss weighed on shares. **$FWRD** - Results: Q4 EPS $(0.91) missed $(0.48) estimate, Sales $631.23M beat $629.46M estimate - AH reaction: -2.95% Forward Air missed EPS estimates significantly despite a slight revenue beat, reflecting ongoing freight recession challenges. **$ACVA** - Results: Revenue growth continues amid profitability concerns - AH reaction: -10.12% ACV Auctions’ after-hours reaction was negative due to ongoing profitability issues despite revenue growth. **$MYGN** - Results: Strong EPS beat by 26.57% - AH reaction: +26.57% Myriad Genetics surged after reporting a substantial EPS beat and positive pipeline updates. ## Earnings Themes Today - Revenue trends were mixed, with industrials and healthcare companies generally showing resilience, while tech and financials faced headwinds. - Margin commentary highlighted pressure in software and fintech sectors due to increased competition and AI-related disruptions, while commodity-linked firms benefited from favorable pricing. - Guidance tone was cautious overall, with several companies maintaining outlooks amid macro uncertainties, but a few raised guidance reflecting confidence in demand recovery and operational improvements. ## Tomorrow's Earnings Watch - **$HD** - Before - Key metric to watch: Same-store sales growth and margin outlook amid consumer spending concerns. - **$WMT** - Before - Key metric to watch: U.S. comp sales and guidance for the critical spring season. - **$META** - After - Key metric to watch: Advertising revenue trends and AI investment impact on margins. - **$MSFT** - After - Key metric to watch: Cloud revenue growth and AI product adoption. ## Key Takeaway Today's earnings reflect a market grappling with the dual forces of AI-driven disruption and macroeconomic uncertainty. While select sectors like healthcare and commodities continue to deliver solid results and maintain or raise guidance, technology and financials are facing margin pressures and cautious outlooks amid competitive and regulatory challenges. The mixed earnings landscape, combined with tariff-related market jitters, contributed to broad market declines, underscoring investor caution as the earnings season progresses.