Earnings Recap - February 24, 2026 (Morning)

 ## Overnight Earnings Movers Companies that reported after yesterday's close or before today's open: ### Beats & Positive Reactions **$AMD** - Advanced Micro Devices surged 8.93% to $214.16 after announcing a major AI chip deal with Meta, validating its AI growth strategy. The partnership is expected to drive significant revenue growth and market share expansion in the AI semiconductor space. **$KEYS** - Keysight Technologies jumped 21.35% to $297.31 following strong Q4 results and robust order growth, reflecting its position as an AI infrastructure beneficiary. **$DRS** - Leonardo DRS soared 16.65% to $44.49 on better-than-expected Q4 earnings, supported by defense contract wins and a strong backlog. **$IIPR** - Innovative Industrial Properties climbed 10.30% to $50.91 after beating Q4 forecasts, highlighting resilience in the cannabis real estate sector. **$INFU** - InfuSystem Holdings surged 11.15% to $8.43 on an earnings beat, despite revenue missing estimates, driven by margin improvements. **$BBBY** - Bed Bath & Beyond rallied 11.93% to $5.67 after reporting a slight earnings beat and revenue topping estimates, signaling stabilization. **$CIFR** - Cipher Mining jumped 13.93% to $17.34 on strong Q4 results and a strategic pivot toward high-performance computing. **$CLVT** - Clarivate surged 31.85% to $2.21 after beating Q4 EPS expectations and turning EBITDA positive, reflecting operational improvements. **$IOVA** - Iovance Biotherapeutics soared 31.14% to $3.79 following positive sarcoma trial data, boosting investor confidence in its oncology pipeline. **$WLK** - Westlake Corporation gained 12.38% to $104.53 despite a Q4 earnings miss, as investors focused on its $600 million improvement plan targeting a 2026 rebound. **$AENT** - Alliance Entertainment jumped 9.96% to $5.19 on strong physical movie revenue growth and net income beat. **$ALSN** - Allison Transmission rose 5.39% to $123.14 after beating Q4 earnings and revenue estimates, supported by strong demand in commercial vehicles. **$AMBA** - Ambarella climbed 5.41% to $70.76 on upbeat guidance and AI-related product strength. **$SNPS** - Synopsys gained 4.90% to $441.45 on solid Q4 results and positive AI-related outlook. **$BKNG** - Booking Holdings rose 4.89% to $4060.16 after reporting strong Q4 bookings and revenue growth. **$DPZ** - Domino’s Pizza advanced 3.36% to $413.81 on better-than-expected sales and margin expansion. **$CRM** - Salesforce climbed 4.03% to $185.33 after beating Q4 estimates and showing AI-driven SaaS profitability improvements. **$TARS** - Tarsus Pharmaceuticals surged 8.44% to $75.46 on strong Q4 results highlighting blockbuster potential for Xdemvy. **$TDC** - Teradata rose 7.04% to $30.11 on 15% cloud ARR growth and strong free cash flow generation. **$TGB** - Taseko Mines gained 7.41% to $8.48 on rising lithium prices and improved mining outlook. **$SGHC** - Super Group jumped 9.72% to $10.66 on strong Q4 earnings and improved guidance. ### Misses & Negative Reactions **$ACVA** - ACV Auctions dropped 15.93% to $4.78 after missing Q4 earnings and revenue expectations, with concerns over margin pressures. **$ADUS** - Addus HomeCare fell 10.95% to $104.75 on margin concerns despite beating revenue estimates. **$AWI** - Armstrong World Industries declined 10.51% to $172.56 after missing earnings estimates amid volume weakness. **$AVNS** - Avanos Medical dropped 11.03% to $13.55 following a revenue miss and cautious outlook. **$BLZE** - Backblaze fell 13.62% to $3.77 despite revenue growth, weighed down by valuation concerns and AI disruption fears. **$AHCO** - AdaptHealth declined 16.96% to $8.54 on disappointing guidance and margin contraction. **$CECO** - CECO Environmental plunged 21.99% to $60.59 after missing earnings and revenue, though it announced a $2.2 billion acquisition of Thermon. **$CTEV** - Claritev Corporation tumbled 41.46% to $13.60 on a significant earnings miss and revenue shortfall. **$FWRG** - First Watch Restaurant Group dropped 17.61% to $12.77 on weaker-than-expected Q4 results. **$XMTR** - Xometry declined 19.06% to $46.26 despite beating Q4 earnings, as revenue growth slowed. **$ZD** - Ziff Davis fell 13.30% to $25.62 after missing EPS and revenue estimates. **$WDC** - Western Digital declined 2.76% to $272.68 amid NAND cycle concerns despite solid earnings. **$PLNT** - Planet Fitness dropped 8.91% to $82.66 on cautious guidance despite beating Q4 earnings. **$CIB** - Grupo Cibest fell 6.31% to $75.37 on margin pressures. **$OFIX** - Orthofix Medical declined 6.99% to $12.64 despite margin expansion. **$SKWD** - Skyward Specialty dropped 5.90% to $44.38 on mixed results. **$BOW** - Bowhead Specialty Holdings fell 4.94% to $23.57 on earnings miss. **$AIN** - Albany International declined 4.55% to $55.32 on margin pressures. **$PARA** - Paramount Global dropped 4.94% to $11.17 amid ongoing streaming competition concerns. **$RJF** - Raymond James fell 1.44% to $155.34 despite solid earnings. **$CINF** - Cincinnati Financial declined 0.42% to $160.23 despite an earnings beat. ## Reporting Today Companies expected to report earnings today: - **$HD** - Before market - Key metrics: Q4 sales growth, margin expansion, comps performance - **$KDP** - Before market - Key metrics: Q4 revenue growth, earnings guidance, impact of JDE Peet’s acquisition - **$PLNT** - Before market - Key metrics: Q4 earnings, membership growth, margin outlook - **$TGT** - Before market - Key metrics: Q4 sales, margin trends, inventory levels - **$SNAP** - Before market - Key metrics: Q4 revenue, user growth, AI monetization progress - **$SNPS** - Before market - Key metrics: Q4 earnings, AI-related revenue growth, margin trends - **$CRM** - Before market - Key metrics: Q4 revenue, AI SaaS profitability, subscription growth - **$AMBA** - Before market - Key metrics: Q4 revenue, AI product demand, guidance - **$CECO** - Before market - Key metrics: Q4 earnings, acquisition impact, margin outlook - **$OFIX** - Before market - Key metrics: Q4 earnings, margin expansion, revenue growth - **$ADBE** - Before market - Key metrics: Q4 revenue, AI cloud services growth, margin expansion - **$XOM** - Before market - Key metrics: Q4 earnings, oil production, cost controls - **$CVX** - Before market - Key metrics: Q4 earnings, production growth, refining margins - **$NRG** - Before market - Key metrics: Q4 earnings, renewable energy growth, margin trends - **$WES** - Before market - Key metrics: Q4 performance, cost-cutting, growth strategy - **$WAT** - Before market - Key metrics: Q4 earnings, margin pressures, growth outlook - **$BMY** - Before market - Key metrics: Q4 earnings, pipeline updates, revenue growth - **$PFE** - Before market - Key metrics: Q4 earnings, drug approvals, revenue trends - **$RGEN** - Before market - Key metrics: Q4 earnings, pipeline progress, revenue growth - **$IOT** - Before market - Key metrics: Q4 earnings, AI-related growth, margin expansion - **$TDC** - Before market - Key metrics: Q4 cloud ARR growth, free cash flow - **$TARS** - Before market - Key metrics: Q4 earnings, blockbuster drug potential - **$SGHC** - Before market - Key metrics: Q4 earnings, growth outlook - **$HVT** - Before market - Key metrics: Q4 earnings, margin trends - **$HIMS** - Before market - Key metrics: Q4 earnings, GLP-1 drug impact, guidance - **$ELAN** - Before market - Key metrics: Q4 earnings, diabetes unit IPO plans - **$U** - Before market - Key metrics: Q4 earnings, growth drivers - **$COST** - Before market - Key metrics: Q4 sales, margin trends - **$MMM** - Before market - Key metrics: Q4 earnings, industrial demand - **$LULU** - Before market - Key metrics: Q4 earnings, store expansion, margin outlook - **$MSFT** - Before market - Key metrics: Q4 earnings, AI revenue growth, cloud services - **$META** - Before market - Key metrics: Q4 earnings, AI chip deployment, ad revenue - **$NVDA** - Before market - Key metrics: Q4 earnings, AI GPU sales, guidance - **$INTC** - Before market - Key metrics: Q4 earnings, AI chip demand, margin trends - **$IBM** - Before market - Key metrics: Q4 earnings, AI partnership impact - **$UPS** - Before market - Key metrics: Q4 earnings, margin improvement, volume trends - **$FDX** - Before market - Key metrics: Q4 earnings, tariff impact, volume growth - **$BAC** - Before market - Key metrics: Q4 earnings, loan growth, credit quality - **$JPM** - Before market - Key metrics: Q4 earnings, trading income, loan growth - **$WFC** - Before market - Key metrics: Q4 earnings, net interest margin, loan growth Light earnings calendar today for other sectors. ## Earnings Themes - **AI and Semiconductor Growth:** AMD, Keysight, Ambarella, Synopsys, and Nvidia continue to benefit from AI infrastructure demand, with multi-billion-dollar deals (e.g., AMD-Meta) validating growth narratives and driving strong stock reactions. - **Margin Pressures in Healthcare and Consumer:** Companies like Addus HomeCare, Hims & Hers, and AdaptHealth face margin compression amid rising costs and cautious guidance, despite some revenue beats. - **Tariff and Trade Uncertainty:** FedEx’s lawsuit against Trump tariffs and mixed industrial results (e.g., CECO Environmental’s acquisition) highlight ongoing trade-related cost pressures affecting supply chains and margins. - **Mixed Retail Performance:** Bed Bath & Beyond and Domino’s Pizza show signs of stabilization and margin improvement, while Planet Fitness and First Watch report weaker guidance and margin concerns. - **Energy Sector Resilience:** Despite some earnings misses, companies like Westlake and NRG Energy are focusing on improvement plans and renewable growth, supporting positive stock moves. - **M&A and Strategic Moves:** CECO Environmental’s $2.2 billion acquisition of Thermon and Accenture’s purchase of Verum Partners underscore strategic expansion amid evolving market dynamics. - **Biotech and Pharma Pipeline Updates:** Iovance’s positive trial data and Pfizer’s recent FDA approvals support biotech optimism, though some companies face valuation and trial result headwinds. ## Earnings Trade Ideas 1. **Long AMD ($AMD) and Keysight ($KEYS):** Both companies are at the forefront of AI chip demand with strong earnings beats and multi-year growth visibility. AMD’s Meta deal and Keysight’s order strength position them well for continued upside as AI infrastructure spending accelerates. 2. **Cautious on Addus HomeCare ($ADUS) and ACV Auctions ($ACVA):** Both reported earnings misses with margin pressures and cautious outlooks. Investors should monitor these names for potential downside risk amid cost inflation and competitive challenges. 3. **Watch Nvidia ($NVDA) and Microsoft ($MSFT) Earnings Today:** Given the AI market’s focus, these reports will be critical for confirming the sustainability of AI-driven growth and guiding near-term sentiment in tech. 4. **Consider Westlake ($WLK) on Rebound Potential:** Despite a Q4 miss, the company’s $600 million improvement plan and strong stock rebound suggest a potential turnaround play in chemicals and materials. Overall, the earnings landscape reflects a bifurcated market with AI beneficiaries outperforming while companies facing margin pressures and trade uncertainties struggle.