Earnings Recap - February 24, 2026 (EOD)

 ## Today's Earnings Scorecard The market showed broad strength today with the S&P 500 up 0.72%, Nasdaq 100 gaining 1.07%, and the Dow Jones rising 0.76%. Earnings reports from key technology and industrial companies helped fuel the rally, particularly in AI-related sectors. Notable earnings beats and positive guidance from semiconductor and software firms drove strong rallies in their shares. Conversely, some names in healthcare and industrials disappointed, leading to notable declines. The market’s positive tone was supported by easing AI disruption fears and tariff relief optimism. ## Earnings Winners **$AMD** - +9.23% - Beat EPS and revenue estimates; secured a multiyear AI chip supply deal with Meta, validating its AI growth strategy. **$KEYS** - +23.05% - Strong earnings beat driven by robust orders and AI-related demand; guidance maintained with optimism on AI tailwinds. **$AXON** - +20.29% - Surged after beating earnings and raising 2028 sales target to $6 billion, dismissing AI disruption fears. **$BEAM** - +14.55% - Reported solid Q4 results with earnings and revenue beats; raised outlook on growing gene-editing pipeline. **$IIPR** - +10.70% - Earnings beat with strong cash flow and dividend growth; reaffirmed growth strategy in industrial real estate. **$INFU** - +13.46% - Surged on earnings beat and positive outlook for medical equipment sales growth. **$CCC** - +12.32% - Beat earnings estimates with strong margin expansion; benefited from AI-driven efficiency gains. **$WLK** - +11.99% - Reported earnings beat with margin improvement; raised full-year guidance on cost controls and demand. **$PYPL** - +7.03% - Earnings beat and strong revenue growth; stock jumped on takeover speculation and high trading volume. **$ADEA** - +6.87% - Earnings and revenue beat; raised guidance on expanding SaaS customer base. **$DOCN** - +5.91% - Beat earnings and revenue estimates; benefited from increased cloud infrastructure demand. **$BKNG** - +5.02% - Strong earnings beat driven by travel recovery; raised outlook for 2026 bookings. **$SPGI** - +3.33% - Solid earnings beat with strong subscription revenue growth; maintained guidance. **$CRM** - +3.39% - Beat estimates with strong SaaS revenue; positive commentary on AI integration. **$QCOM** - +3.23% - Earnings beat with strong chip sales; raised guidance on 5G and AI chip demand. **$F** - +4.11% - Beat earnings estimates; strong vehicle demand and margin expansion. **$HSIC** - +3.45% - Earnings beat with revenue growth; positive outlook on healthcare services demand. **$ALSN** - +4.41% - Beat earnings; raised guidance on industrial automation demand. **$HRMY** - +4.95% - Earnings beat driven by new product launches; raised full-year guidance. **$TARS** - +8.56% - Strong earnings beat; raised guidance on pharmaceutical sales growth. **$TDC** - +6.75% - Beat earnings and revenue; cloud ARR growth and strong free cash flow highlighted. **$CDNA** - +6.44% - Earnings beat with revenue growth; positive outlook on diagnostics market expansion. **$CIFR** - +12.94% - Surged on earnings beat and strong bitcoin mining demand. **$MAX** - +15.44% - Strong earnings beat; raised guidance on semiconductor equipment sales. **$DRS** - +15.89% - Earnings beat; raised guidance on defense contracts and AI-related product demand. **$HLX** - +16.32% - Earnings beat with strong cash flow; raised outlook on energy services demand. **$RCKY** - +29.69% - Earnings beat; raised guidance on footwear sales and margin improvement. **$SGHC** - +8.95% - Earnings beat; raised guidance on logistics and supply chain services. **$U** - +6.77% - Earnings beat; strong demand for online education services. **$VIR** - +23.12% - Earnings beat; surged on $1.71 billion deal with Astellas and positive trial data. ## Earnings Losers **$WDAY** - -8.06% - Missed revenue guidance; raised concerns about AI competition costs impacting margins. **$CECO** - -22.98% - Earnings missed by a wide margin; revenue fell short amid margin pressure and integration costs. **$ACVA** - -16.37% - Earnings and revenue miss; concerns over slowing auction market growth. **$AHCO** - -13.95% - Earnings miss; margin compression and higher operating costs cited as issues. **$AVNS** - -10.44% - Missed earnings estimates; supply chain disruptions impacted sales. **$AXGN** - -10.40% - Earnings miss; pipeline delays and higher R&D expenses pressured results. **$FSLR** - -11.98% - Earnings miss; conservative guidance due to tariff uncertainties and cost inflation. **$FWRG** - -19.74% - Earnings miss; margin pressure and slower expansion weighed on results. **$TNC** - -23.43% - Earnings miss; weaker demand and cost inflation hurt profitability. **$SKWD** - -9.87% - Earnings miss; tariff impacts and margin pressure cited. **$DHC** - -9.48% - Earnings miss; occupancy decline and higher expenses pressured results. **$KWR** - -6.86% - Earnings miss; margin contraction due to raw material costs. **$AUBN** - -2.82% - Earnings miss; weaker same-store sales and margin pressure. **$CIB** - -5.87% - Earnings miss; revenue decline and margin compression. **$PLNT** - -8.97% - Earnings miss; competitive pressures and higher marketing expenses. **$OFIX** - -7.65% - Earnings miss; revenue decline and supply chain issues. **$OPCH** - -6.30% - Earnings miss; higher operating costs and weaker demand. **$NOVT** - -3.47% - Earnings miss; cautious outlook on semiconductor equipment demand. **$WGS** - -8.06% - Earnings miss; margin pressure and lower commodity prices. **$BLZE** - -14.19% - Earnings miss; revenue shortfall amid competitive cloud storage market. **$SHLS** - -30.10% - Earnings miss; margin pressure and tariff impacts. **$XMTR** - -22.35% - Earnings miss; margin pressure and slower growth in manufacturing services. **$ZD** - -12.76% - Earnings miss; revenue decline and margin contraction. **$CINF** - -0.11% - Despite earnings beat, stock dipped on concerns over underwriting margins. **$BAC** - -1.29% - Earnings miss; economic uncertainty pressured loan growth and margins. **$C** - -1.07% - Earnings miss; higher credit costs and weaker trading income. **$JPM** - -0.12% - Slight earnings miss; cautious commentary on credit market risks. **$MDT** - -1.89% - Earnings miss; margin pressure from supply chain and pricing challenges. **$GILD** - -1.46% - Earnings miss; revenue shortfall due to competitive pressures. **$ELV** - -2.60% - Earnings miss; margin pressure and cautious guidance. **$MTX** - -0.64% - Earnings miss; revenue decline and margin pressure. **$COST** - +1.19% - Beat earnings but stock dipped slightly on cautious outlook. **$CRWD** - -0.16% - Slight earnings miss; cautious guidance on AI competition. ## After-Hours Earnings **$HPQ** - Results: Missed earnings; stock down 6.93% in regular session - AH reaction: trading lower on cautious guidance citing US trade regulations and memory chip costs. **$WDAY** - Results: Missed revenue guidance; stock down 8.06% - AH reaction: further weakness expected due to AI competition costs. **$CECO** - Results: Missed EPS by wide margin; revenue shortfall - AH reaction: shares down sharply, reflecting integration and margin concerns. **$BLZE** - Results: Earnings miss; revenue below estimates - AH reaction: shares down further after-hours. **$FSLR** - Results: Earnings miss; conservative guidance - AH reaction: shares trading lower post-close. **$FWRG** - Results: Earnings miss; margin pressure - AH reaction: shares down after hours. **$TNC** - Results: Earnings miss; weaker demand - AH reaction: shares down further. **$SKWD** - Results: Earnings miss; tariff impacts - AH reaction: shares down after hours. **$XMTR** - Results: Earnings miss; margin pressure - AH reaction: shares down post-close. **$ZD** - Results: Earnings miss; revenue decline - AH reaction: shares trading lower. **$SHLS** - Results: Earnings miss; margin pressure - AH reaction: shares down after hours. **$OPCH** - Results: Earnings miss; higher costs - AH reaction: shares down post-close. **$OFIX** - Results: Earnings miss; supply chain issues - AH reaction: shares down after hours. **$NOVT** - Results: Earnings miss; cautious outlook - AH reaction: shares lower after hours. **$AVNS** - Results: Earnings miss; supply chain disruptions - AH reaction: shares down post-close. **$AXGN** - Results: Earnings miss; pipeline delays - AH reaction: shares down further. **$AHCO** - Results: Earnings miss; margin compression - AH reaction: shares down after hours. **$DHC** - Results: Earnings miss; occupancy decline - AH reaction: shares down post-close. **$PLNT** - Results: Earnings miss; competitive pressures - AH reaction: shares down after hours. **$CIB** - Results: Earnings miss; revenue decline - AH reaction: shares down post-close. **$BAC** - Results: Earnings miss; loan growth pressure - AH reaction: shares down slightly. **$C** - Results: Earnings miss; credit costs - AH reaction: shares down post-close. **$JPM** - Results: Slight earnings miss; cautious outlook - AH reaction: shares down slightly. **$MDT** - Results: Earnings miss; margin pressure - AH reaction: shares down after hours. **$GILD** - Results: Earnings miss; revenue shortfall - AH reaction: shares down post-close. **$ELV** - Results: Earnings miss; margin pressure - AH reaction: shares down after hours. ## Earnings Themes Today - Revenue trends showed strength in AI-related sectors, cloud infrastructure, and travel recovery, while industrials and healthcare faced headwinds. - Margin commentary highlighted expansion in semiconductor and software firms due to operational leverage and AI demand, contrasted by margin pressure in healthcare, industrials, and some consumer discretionary names due to cost inflation and supply chain issues. - Guidance tone was generally optimistic among AI beneficiaries and travel-related companies, while cautious or lowered guidance was prevalent in industrials, healthcare, and companies affected by tariffs and supply disruptions. ## Tomorrow's Earnings Watch - **$NVDA** - Before - Key metric: AI chip sales and revenue growth amid ongoing skepticism on AI spending. - **$MSFT** - After - Key metric: Cloud revenue and AI integration impact on margins and guidance. - **$SNPS** - Before - Key metric: Software revenue growth and AI product adoption. - **$CRM** - After - Key metric: SaaS revenue and AI-driven product updates. - **$AMAT** - After - Key metric: Semiconductor equipment demand and margin outlook. ## Key Takeaway Today's earnings underscore the bifurcation in market leadership driven by AI adoption and macroeconomic pressures. Semiconductor and software companies with strong AI exposure reported robust beats and raised guidance, fueling significant rallies. Meanwhile, industrials, healthcare, and tariff-impacted firms faced margin pressures and cautious outlooks, reflecting ongoing cost and supply chain challenges. The market’s positive reaction to AI tailwinds contrasts with the caution in traditional sectors, highlighting the evolving investment landscape as AI reshapes growth expectations and operational efficiencies.