Earnings Recap - February 25, 2026 (Morning)

 ## Overnight Earnings Movers Companies that reported after yesterday's close or before today's open: ### Beats & Positive Reactions **$ABCL** - AbCellera Biologics reported Q4 2025 earnings with a strong beat, driving shares up 16.84% to $3.54. The company’s revenue surge and positive outlook on biotech partnerships contributed to the rally. **$ADBE** - Adobe posted better-than-expected results, with shares rising 3.37% to $255.00, supported by strong demand for its AI-enhanced software offerings. **$BMNR** - Bitmine Immersion saw a notable 7.13% gain to $20.59 after reporting solid Q4 earnings and revising price targets higher. **$BTG** - B2Gold achieved record $3.06 billion revenue and met 2025 gold production guidance, lifting shares 7.14% to $6.15. **$CAN** - Canaan expanded its North American presence and reported strong operational metrics, sending shares up 22.38% to $0.53. **$CIFR** - Cipher Mining’s pivot toward AI infrastructure followed a $734 million Q4 net loss, but the strategic shift boosted shares 14.85% to $17.48. **$COIN** - Coinbase shares jumped 6.73% to $171.02 after a Q4 earnings beat and strong stablecoin circulation growth. **$CDNA** - CareDx reported a 700% revenue surge driven by rapid ANKTIVA adoption, pushing shares 6.44% higher to $20.00. **$CHDN** - Churchill Downs gained from growth in its HRM facilities, shares rose 2.33% to $96.19. **$CORT** - Corcept Therapeutics beat earnings by $0.26 and revenue topped estimates, shares up 3.85% to $36.70. **$DNN** - Denison Mines secured final federal approval for a landmark uranium mine, shares up 4.30% to $4.37. **$DPZ** - Domino’s Pizza shares rose 3.41% to $414.00 despite a challenging start to the second half, supported by strong delivery growth. **$EGY** - VAALCO Energy achieved record revenue and met production guidance, shares up 3.82% to $5.23. **$F** - Ford shares climbed 4.18% to $14.21 on strong vehicle sales and production updates. **$GIC** - Global Industrial Company reported solid Q4 results, shares up 5.37% to $32.58. **$IBM** - IBM shares gained 4.23% to $232.80 despite AI disruption concerns, supported by balanced risk-reward outlook and UBS upgrade. **$IQV** - IQVIA reported strong Q4 results, shares up 3.88% to $168.60. **$JAZZ** - Jazz Pharmaceuticals shares rose 3.89% to $179.99 after beating earnings and revenue estimates. **$KEYS** - Keysight Technologies shares surged 22.91% to $301.13 on strong growth and AI-related demand. **$MMSI** - Merit Medical Systems reported solid Q4 earnings, shares up 4.67% to $85.42. **$MSFT** - Microsoft shares rose 1.85% to $391.60 ahead of key AI product launches. **$NET** - Cloudflare shares gained 3.38% to $165.61 after CFO stock sales and strong revenue growth. **$NFLX** - Netflix shares climbed 3.92% to $79.00 amid intensifying Warner Bros. bid battle and M&A speculation. **$ORCL** - Oracle shares jumped 6.01% to $149.80 on strong cloud revenue and AI integration progress. **$PYPL** - PayPal shares surged 7.57% to $47.38 following takeover talks and upbeat market speculation. **$QCOM** - Qualcomm shares rose 3.67% to $145.56 on new automotive module deals and AI chip demand. **$RBLX** - Roblox shares gained 7.32% to $67.00 after positive user engagement metrics. **$REZI** - Resideo Technologies shares surged 13.29% to $39.20 on margin beat and refinancing success. **$RVLV** - Revolve Group shares climbed 7.00% to $26.00 after beating earnings estimates. **$SLNH** - Soluna shares jumped 8.79% to $0.96 on expanded blockchain-powered HaaS model partnership. **$SLQT** - SelectQuote shares rose 4.40% to $0.90 on 12% revenue growth and liquidity support. **$SUPN** - Supernus Pharmaceuticals shares gained 11.70% to $56.62 on supply gains and positive outlook. **$TMDX** - TransMedics shares surged 6.94% to $144.00 after beating estimates and margin expansion. **$TREX** - Trex Company shares climbed 12.09% to $45.15 on strong Q4 results and price hikes. **$TSM** - Taiwan Semiconductor shares rose 5.70% to $391.15 on AMD and Meta cheer ahead of Nvidia earnings. **$U** - Unity Software shares gained 6.77% to $18.29 on AI market optimism. **$ULTA** - Ulta Beauty shares rose 2.47% to $686.44 on upbeat Q4 results and price target hikes. **$ZETA** - Zeta Global shares surged 16.02% to $17.38 after beating earnings and revenue estimates. ### Misses & Negative Reactions **$FSLR** - First Solar shares plunged 16.55% to $202.07 after issuing a weaker 2026 revenue outlook despite Q4 earnings beat. **$GDDY** - GoDaddy shares dropped 11.80% to $77.40 on bookings slowdown and price target cuts. **$HPQ** - HP Inc. shares fell 6.16% to $17.22 after blaming memory-price surge and forecasting earnings at the low end of guidance. **$DEO** - Diageo shares declined 9.64% to $90.25 following a dividend cut and lowered outlook due to weak US spirits demand. **$WDAY** - Workday shares tumbled 8.87% to $117.75 on a dour subscription revenue forecast amid AI disruption fears. **$CYD** - China Yuchai shares dropped 12.65% to $48.07 after missing earnings estimates. **$SABR** - Sabre Corp shares fell 7.92% to $0.83 despite strong 2025 growth, impacted by Q4 headwinds. **$YMT** - Yimutian shares plunged 21.84% to $0.68 on a major strategic pivot announcement. **$EXPI** - eXp World Holdings shares declined 2.61% to $7.10 after missing revenue estimates. **$PARA** - Paramount Global shares fell 4.94% to $11.17 on mixed earnings and M&A uncertainty. **$MQ** - Marqeta shares dropped 4.89% to $3.89 after missing revenue estimates. **$OKE** - ONEOK shares declined 5.53% to $82.50 on growth concerns and rating downgrade. **$TXN** - Texas Instruments shares fell 2.67% to $214.00 on weaker-than-expected recovery outlook. **$LOW** - Lowe’s shares dropped 1.99% to $268.90 despite a Q4 earnings beat, due to cautious margin guidance. **$TJX** - TJX Companies shares declined 1.57% to $155.21 after beating earnings but issuing disappointing guidance. **$BURL** - Burlington Stores shares fell 1.06% to $308.07 on mixed retail trends. **$DFS** - Discover Financial shares dipped 1.19% to $198.10 on cautious outlook. **$O** - Realty Income shares declined 1.08% to $65.96 despite solid earnings. **$CLW** - Clearwater Paper shares fell 0.97% to $14.25 on margin pressures. **$BRK.B** - Berkshire Hathaway shares edged down 0.12% to $493.50 despite stable fundamentals. **$C** - Citigroup shares slipped 0.27% to $110.45 on mixed banking sector sentiment. ## Reporting Today Companies expected to report earnings today: - **$NVDA** - After market - Key metrics to watch include Q4 revenue and EPS, AI product sales, and guidance amid high market expectations. - **$TSLA** - After market - Watch for vehicle delivery numbers, margin trends, and updates on AI/autonomous driving initiatives. - **$AMZN** - Before market - Key focus on cloud revenue growth, AI integration, and retail segment performance. - **$JPM** - Before market - Watch for loan growth, trading revenue, and credit quality metrics. - **$HD** - Before market - Key metrics include comparable sales, margin outlook, and housing market commentary. - **$LOW** - Before market - Despite recent earnings, watch for updated guidance and margin commentary. - **$WMT** - Before market - Focus on e-commerce growth and margin trends. - **$COST** - Before market - Watch for membership trends and supply chain updates. - **$ORCL** - Before market - Cloud revenue and AI product updates remain key. - **$IBM** - Before market - AI strategy and revenue growth are focal points. - **$META** - After market - Watch ad revenue growth and AI monetization progress. - **$NFLX** - Before market - Subscriber growth and content investment updates. - **$PYPL** - Before market - PayPal’s response to takeover talks and payment volume trends. - **$QCOM** - Before market - Automotive and AI chip sales updates. - **$ZETA** - Before market - Revenue growth and margin expansion. - **$CAV** - Before market - Key metrics include revenue growth and unit expansion. - **$MMSI** - Before market - Earnings and margin trends. - **$TMDX** - Before market - Margin expansion and revenue growth. - **$TREX** - Before market - Price hikes and volume growth. - **$SUPN** - Before market - Supply gains and guidance. - **$SLNH** - Before market - Blockchain partnerships and capacity expansion. - **$SLQT** - Before market - Revenue growth and refinancing status. ## Earnings Themes - **AI and Technology Growth:** Many tech and software companies, including Adobe, IBM, Oracle, Microsoft, and Keysight, are benefiting from AI-related demand, driving revenue beats and positive sentiment. AI integration remains a key driver of growth and investor interest. - **Mixed Retail Results:** Retailers like Lowe’s and TJX beat earnings but issued cautious guidance, reflecting ongoing margin pressures and uncertainty in consumer spending. Walmart and Costco continue to show resilience with steady growth. - **Energy and Materials:** B2Gold and VAALCO Energy delivered strong revenue and production results, supporting gains in the energy and mining sectors. However, First Solar’s weak revenue outlook weighed on its shares. - **Financials:** Banks like JPMorgan and Citigroup show steady performance, but some financial stocks like Discover and Wells Fargo face cautious outlooks amid macro uncertainties. - **Healthcare and Biotech:** AbCellera, Jazz Pharmaceuticals, and CareDx reported strong revenue growth driven by new product adoption and partnerships, while some biotech names faced challenges. - **Margin Pressure:** Despite revenue growth, several companies including Diageo, First Solar, and HP Inc. highlighted margin compression due to cost pressures and supply chain issues. - **M&A and Takeover Activity:** PayPal and Netflix shares reacted positively to takeover speculation and M&A developments, highlighting ongoing market interest in consolidation. ## Earnings Trade Ideas 1. **Long Keysight Technologies ($KEYS):** With a 22.91% overnight jump fueled by AI demand and strong Q4 results, Keysight remains well-positioned to capitalize on the AI hardware boom. Consider a buy or add-on ahead of broader sector momentum. 2. **Cautious on First Solar ($FSLR):** The 16.55% drop after a weak 2026 revenue outlook suggests downside risk. Investors should consider trimming exposure or avoiding until clearer guidance emerges. 3. **Watch Nvidia ($NVDA) Post-Earnings:** Nvidia’s upcoming report is highly anticipated amid AI hype. Given the market’s high expectations, a beat could fuel further gains, but any cautious guidance might trigger volatility. A trading strategy around the event is advisable.