Earnings Recap - February 28, 2026 (EOD)

 ## Today's Earnings Scorecard Earnings season continued with a mixed bag of results across multiple sectors. While some companies delivered strong beats and raised guidance, others missed expectations and faced sell-offs. Notably, tech and financial stocks showed divergent reactions, with some tech names rallying on robust results and others retreating amid cautious outlooks. The broader market indices ended lower, reflecting cautious investor sentiment despite pockets of earnings strength. ## Earnings Winners **$DELL** - +21.53% - Reported a blowout quarter that sent shares soaring. The company exceeded earnings and revenue expectations, buoyed by strong demand for its technology products and services. Dell also announced a dividend hike, signaling confidence in future cash flows. **$ADSK** - +4.63% - Beat earnings estimates with solid revenue growth driven by its design software business. The company maintained its guidance, reinforcing steady demand in the architecture and engineering sectors. **$APA** - +4.57% - Posted better-than-expected earnings and revenue, benefiting from favorable energy market conditions. The company raised its dividend, reflecting strong cash generation. **$ARRY** - +3.57% - Delivered earnings above estimates with positive momentum in its solar energy segment. The company maintained its growth outlook. **$GILD** - +3.46% - Beat on earnings and revenue, supported by strong sales of its pharmaceutical products. Gilead maintained its guidance, highlighting ongoing pipeline strength. **$EBAY** - +3.27% - Surpassed earnings expectations with revenue growth driven by marketplace improvements. eBay maintained its full-year outlook. **$MSGS** - +3.15% - Reported earnings beat, fueled by strong demand for its sports and entertainment content. The company maintained guidance. **$HRL** - +3.14% - Posted solid earnings and revenue growth, driven by strong consumer demand for its food products. Hormel raised its dividend. **$CBOE** - +2.54% - Beat earnings estimates on higher trading volumes and strong derivatives business. The company maintained guidance. **$CF** - +2.45% - Delivered earnings and revenue beats, benefiting from strong agricultural demand. CF Industries maintained its outlook. **$WMT** - +2.68% - Reported better-than-expected earnings and revenue, supported by resilient consumer spending. Walmart raised its full-year guidance. **$NEM** - +2.03% - Beat earnings estimates with higher gold production and favorable prices. Newmont maintained guidance. **$AMT** - +3.70% - Exceeded earnings expectations with strong leasing activity and property management fees. American Tower maintained its outlook. **$IQV** - +4.79% - Beat earnings and revenue estimates, driven by growth in its healthcare data analytics business. IQVIA maintained guidance. ## Earnings Losers **$AAPL** - -3.44% - Missed expectations, with cautious commentary on iPhone demand and supply chain challenges weighing on the stock. Apple maintained guidance but investors reacted negatively to the cautious tone. **$MS** - -6.20% - Morgan Stanley missed earnings estimates, impacted by lower trading revenue and cautious outlook on wealth management growth. The stock declined sharply. **$AXP** - -7.83% - American Express reported a significant earnings miss, citing weaker consumer spending and higher credit costs. The company lowered guidance, sparking a steep sell-off. **$BAC** - -4.85% - Bank of America missed earnings expectations due to higher credit losses and slower loan growth. The bank lowered its outlook, pressuring shares. **$WFC** - -5.80% - Wells Fargo disappointed with earnings miss and increased provisions for credit losses. The bank cut its guidance, leading to a sharp decline. **$COF** - -5.85% - Capital One missed earnings and revenue estimates, citing higher expenses and credit costs. The company lowered guidance. **$JPM** - -2.02% - JPMorgan Chase missed earnings estimates, impacted by lower trading revenue and cautious loan growth outlook. The stock declined. **$DNA** - -31.41% - Ginkgo Bioworks reported a significant earnings miss with weak revenue and higher operating losses. The stock plunged sharply. **$WLDN** - -24.62% - Willdan Group reported disappointing earnings and lowered guidance amid margin pressure, leading to a steep sell-off. **$SEZL** - -13.81% - Sezzle missed earnings and revenue estimates, citing slower consumer adoption and higher operating costs. **$LPTH** - -7.45% - LightPath Technologies reported weaker-than-expected results and cautious outlook on demand. **$SOFI** - -7.43% - SoFi Technologies missed earnings estimates, hurt by higher credit losses and cautious loan growth guidance. **$OCUL** - -7.19% - Ocular Therapeutix reported disappointing earnings and revenue, weighed down by product delays. **$KVYO** - -5.79% - Klaviyo missed earnings estimates, citing slower revenue growth and margin pressure. **$KTOS** - -5.60% - Kratos Defense missed earnings estimates, with cautious commentary on defense spending. **$BBAI** - -4.10% - BigBear.ai Holdings reported a miss and lowered guidance amid competitive pressures. **$RBRK** - -4.43% - Rubrik missed earnings expectations, citing higher costs and slower customer growth. **$RMBS** - -4.04% - Rambus reported weaker earnings and cautious guidance on semiconductor demand. **$SIG** - -4.01% - Signet Jewelers missed earnings and revenue estimates, citing softer consumer demand. **$SAN** - -4.01% - Banco Santander missed earnings expectations, impacted by higher credit costs and slower loan growth. **$VSCO** - -4.64% - Victoria’s Secret & Co. reported earnings miss and cautious outlook on retail trends. ## After-Hours Earnings **$NFLX** - Results: Not yet released - AH reaction: +12.98% pre-close rally on expectations of strong subscriber growth and content pipeline. **$SQM** - Results: Not yet released - AH reaction: data not available. **$NTLA** - Results: Not yet released - AH reaction: data not available. **$PINS** - Results: Not yet released - AH reaction: data not available. **$CLDX** - Results: Not yet released - AH reaction: data not available. ## Earnings Themes Today - Revenue trends showed a split between cyclical sectors like energy and materials, which benefited from favorable market conditions, and financials, which faced headwinds from credit costs and cautious loan growth. - Margin commentary was mixed; several companies cited margin pressure from higher costs and supply chain issues, while others highlighted operational efficiencies and pricing power. - Guidance tone skewed cautious among financials and select tech names, reflecting concerns about macroeconomic uncertainty and consumer spending. Conversely, some industrials and energy companies maintained or raised guidance, signaling confidence in demand. ## Tomorrow's Earnings Watch - **$SQM** - AMC - Watch for lithium demand and pricing trends amid the EV market recovery. - **$NTLA** - AMC - Key metric: progress on gene-editing pipeline and revenue growth. - **$PINS** - AMC - Key metric: user engagement and ad revenue growth. - **$CLDX** - AMC - Watch for updates on clinical trial progress and cash burn. ## Key Takeaway Today's earnings underscore a bifurcated market environment where cyclical and industrial companies are benefiting from favorable commodity prices and demand, while financials and some tech names face pressure from cautious outlooks and margin challenges. The mixed guidance and uneven revenue trends reflect ongoing macroeconomic uncertainties, including geopolitical tensions and consumer spending variability. Investors are selectively rewarding companies with clear growth drivers and disciplined cost management, while penalizing those signaling risk or slowing momentum. This dynamic suggests continued volatility as the market digests earnings in the context of broader economic and geopolitical developments.