Earnings Recap - February 27, 2026 (EOD)

 ## Today's Earnings Scorecard Earnings reports today showed a mixed market reaction, with several notable beats driving sharp rallies while misses and cautious outlooks pressured others. The S&P 500 declined 0.74%, the Nasdaq 100 fell 0.63%, and the Dow Jones dropped 1.19%, reflecting broader market caution amid inflation concerns and AI-related uncertainties. However, individual stocks demonstrated significant divergence, with some companies surging on strong results and guidance, while others faced steep declines despite reporting earnings. ## Earnings Winners **$AAOI** - +61.58% - Applied Optoelectronics posted a strong Q4 with earnings and revenue beats, fueling a 61.58% surge. The company highlighted robust demand for its 400G products and ramping new product manufacturing, signaling confidence in growth prospects. **$ABR** - +9.23% - Arbor Realty Trust beat EPS estimates by 47.3% ($0.19 vs. $0.129) and revenue ($133M vs. $119M), driving a 9.23% gain. The mortgage REIT maintained guidance, supported by solid portfolio performance. **$ASUR** - +17.78% - Asure Software exceeded EPS expectations by 30.2% ($0.45 vs. $0.3455) with revenue in line at $63M, lifting shares 17.78%. The software company emphasized strong application demand and margin expansion. **$BVN** - +6.18% - Compania de Minas Buenaventura delivered a massive EPS beat (+124.4%, $1.51 vs. $0.673) and revenue beat ($623M vs. $522M), reflecting operational leverage in precious metals mining. Shares rose 6.18%. **$CRI** - -20.25% despite beat - Carter’s beat EPS ($1.9 vs. $1.7429) and revenue ($925M vs. $922M) but shares plunged over 20%, pressured by margin concerns and cautious commentary on pricing power in apparel retail. **$DELL** - +21.28% - Dell Technologies soared 21.28% after beating Q4 earnings and revenue, driven by a surge in AI server demand. The company forecasted doubling AI server revenue, underscoring its positioning in the AI infrastructure market. **$FRO** - +1.80% - Frontline plc reported a slight EPS miss but revenue beat, with shares up 1.8% on solid tanker rates and positive outlook for Q1 bookings. **$INTT** - +16.62% - Intest Corp beat EPS by 45.5% ($0.16 vs. $0.11) and revenue ($33M vs. $31M), pushing shares up 16.62%. The semiconductor equipment company highlighted strong demand and margin improvement. **$MRK** - +3.79% - Merck shares gained on solid Q4 results and positive pipeline updates, supporting a 3.79% rise. **$NEXA** - +13.56% - Nexa Resources beat revenue estimates and posted strong operational results, lifting shares 13.56%. **$NFLX** - +12.73% - Netflix surged 12.73% on strong subscriber growth and a strategic retreat from the Warner Bros. Discovery bidding war, which investors viewed positively. **$PRAA** - +22.97% - PRA Group beat EPS estimates and revenue, with shares rallying nearly 23% on improving collections and operational efficiency. **$PUBM** - +11.17% - PubMatic beat revenue and EPS expectations, gaining 11.17% on strong programmatic advertising demand. **$STRZ** - +14.82% - Starz Entertainment posted solid results with upbeat guidance, shares jumped 14.82%. **$XRAY** - +14.48% - Dentsply Sirona beat estimates and raised outlook, shares climbed 14.48%. **$XYZ** - +16.34% - Block (XYZ) surged 16.34% after reporting strong gross profit growth and announcing a 40% workforce reduction to embrace AI-driven efficiencies. ## Earnings Losers **$AAPL** - -3.43% - Apple missed expectations on revenue growth and issued cautious guidance amid AI competition concerns, dragging shares down 3.43%. **$ALXO** - -11.91% - ALX Oncology missed EPS estimates (-$0.42 vs. -$0.3625) with no revenue, shares fell nearly 12%. **$AMBA** - -16.64% - Ambarella disappointed with a significant miss on earnings and revenue, pressured by slowing demand in semiconductor markets. **$AMPH** - -23.63% - Amphastar Pharmaceuticals plunged 23.63% after missing EPS and revenue estimates, citing weak sales and margin pressure. **$CLMT** - -10.79% - Calumet missed EPS (-$0.43 vs. -$0.3966) and revenue estimates, shares dropped 10.79% due to margin compression in specialty chemicals. **$CRI** - -20.25% - Despite beating EPS and revenue, Carter’s shares plunged on margin concerns and weak pricing power in apparel retail. **$EXFY** - -23.39% - Expensify missed earnings and revenue, shares dropped 23.39% on concerns over growth sustainability. **$FLGT** - -37.44% - Fulgent Genetics soared on EPS beat but shares fell sharply 37.44% due to revenue miss and weak guidance. **$GS** - -7.47% - Goldman Sachs shares fell 7.47% despite earnings beat, weighed down by concerns over private credit exposure and market volatility. **$MS** - -6.19% - Morgan Stanley missed revenue expectations and shares declined 6.19% amid cautious outlook on loan portfolios. **$RUN** - -35.41% - Sunrun plunged 35.41% after missing earnings and revenue, with concerns about demand and margin pressure in the solar sector. **$SOFI** - -7.28% - SoFi Technologies shares dropped 7.28% despite beating earnings, as investors focused on market pullback and growth uncertainties. **$WLDN** - -23.91% - Willdan Group fell sharply on a steep earnings miss and weak outlook. **$ZS** - -12.65% - Zscaler shares dropped 12.65% on a disappointing Q4 report and cautious sales growth guidance amid AI fears. ## After-Hours Earnings **$ABR** - Beat EPS and revenue; shares rallied 9.23% in regular session. No after-hours reaction noted. **$ALXO** - Reported Q4 results with EPS miss; shares declined 10.2% in regular session. After-hours reaction data not available. **$AMRX** - Beat EPS and revenue but shares fell 4.7% during the day. After-hours reaction data not available. **$ANIP** - Beat EPS by 17% and revenue; shares declined 4.2% during the day. After-hours reaction data not available. **$BTSG** - Missed EPS slightly but beat revenue; shares gained 3.2%. After-hours reaction data not available. **$BVN** - Strong beat on EPS and revenue; shares up 6.2%. After-hours reaction data not available. **$CGON** - Beat EPS; shares gained 4.8%. After-hours reaction data not available. **$CLMT** - Missed EPS and revenue; shares down 10.8%. After-hours reaction data not available. **$CRI** - Beat EPS and revenue but shares dropped 20.3%. After-hours reaction data not available. **$DCBO** - Beat EPS by 30.2% but shares fell 3%. After-hours reaction data not available. **$DIBS** - Beat EPS; shares fell 14.1%. After-hours reaction data not available. **$DK** - Massive EPS beat; shares up 4.8%. After-hours reaction data not available. **$DKL** - Missed EPS and revenue; shares down 0.7%. After-hours reaction data not available. **$ESCA** - Beat EPS and revenue; shares down 3.5%. After-hours reaction data not available. **$EXK** - Missed EPS; shares down 0.9%. After-hours reaction data not available. **$FLGT** - Huge EPS beat but revenue miss; shares down 38.1%. After-hours reaction data not available. **$FRO** - Missed EPS but beat revenue; shares up 1.8%. After-hours reaction data not available. **$GLP** - Missed EPS and revenue; shares down 2.9%. After-hours reaction data not available. **$GOGO** - Missed EPS but beat revenue; shares down 2.8%. After-hours reaction data not available. **$GSAT** - Missed EPS but beat revenue; shares up 7.6%. After-hours reaction data not available. **$INTT** - Beat EPS and revenue; shares up 16.6%. After-hours reaction data not available. **$LIQT** - Missed EPS and revenue; shares up 10.6%. After-hours reaction data not available. **$NIQ** - Missed EPS but beat revenue; shares up 7.2%. After-hours reaction data not available. **$NWN** - Beat EPS but missed revenue; shares up 5.5%. After-hours reaction data not available. **$PSO** - Met EPS and revenue estimates; shares down 0.9%. After-hours reaction data not available. **$RADX** - Missed EPS; shares up 0.2%. After-hours reaction data not available. **$SHO** - Beat EPS and revenue; shares down 3.9%. After-hours reaction data not available. **$TAC** - Missed EPS and revenue; shares up 5.4%. After-hours reaction data not available. ## Earnings Themes Today - Revenue trends showed a mixed picture, with several companies beating estimates on the top line, particularly in mining, software, and AI infrastructure sectors, while others in chemicals, retail, and biotech faced revenue misses or flat growth. - Margin commentary was a key focus, with companies like Carter’s and Calumet highlighting margin pressures due to pricing challenges and cost inflation, while others like BrightSpring and Intest reported margin expansion. - Guidance tone varied, with some firms raising or maintaining guidance amid AI-driven demand (Dell, AAOI), while others issued cautious outlooks reflecting macroeconomic uncertainties and competitive pressures (Apple, Zscaler, SoFi). ## Tomorrow's Earnings Watch - **$BRK.B** - Before Market Open - Watch for Berkshire Hathaway’s Q4 and full-year results under new CEO Greg Abel, with focus on investment portfolio performance and shareholder letter insights. - **$META** - After Market Close - Key metrics include revenue growth and AI monetization progress amid recent market volatility. - **$MSFT** - After Market Close - Investors will focus on high-margin growth drivers and AI-related revenue acceleration. - **$AMZN** - After Market Close - Watch for cloud and AI business updates following its recent $50 billion OpenAI investment. - **$CRM** - After Market Close - Key to watch is guidance on enterprise software demand and AI integration. ## Key Takeaway Today's earnings underscored the bifurcation in the market between companies capitalizing on AI-driven growth and those grappling with margin pressures and cautious demand outlooks. While tech and AI infrastructure firms like Dell and Applied Optoelectronics rallied sharply on strong beats and optimistic guidance, traditional sectors such as retail and chemicals faced headwinds from inflation and pricing challenges. The mixed results and divergent stock reactions reflect ongoing investor caution amid macroeconomic uncertainties and the evolving impact of AI on corporate fundamentals. The market is clearly rewarding innovation and operational efficiency while penalizing those with margin erosion and growth doubts.