Earnings brief

US stock earnings,
the key summary

Earnings results, key call takeaways, the stock reaction, and what it means.

See how results stacked up against estimates, what management said, and how the stock reacted.

Summary

70 companies reported in 8/10–8/14, and 45 of 68 with an estimate beat consensus.

Reports

last wk 451 · 4-wk 1060

Beat estimates

66%

45 of 68

last wk 77% · 4-wk 80%

Beat but fell

53%

24 of 45 priced

last wk 40% · 4-wk 46%

Rose on the day

49%

34 of 70

last wk 58% · 4-wk 51%

Revenue growth

+25.0%

median of 51

last wk +11.5% · 4-wk +10.3%

Biggest moves

Earnings-day move · 70 priced reports

HTHeartflow Inc.vs est +46.1%+35.70%QNQuantinuum Inc. Class Avs est -8.2%+27.97%

CoreWeave Inc. Class Avs est +22.4%+19.28%

Super Micro Computer Inc.vs est +77.5%+19.02%HRH&R Block Inc.vs est +7.7%+16.09%

Down

LILife360 Inc.vs est +117.7%^†-24.76%

Tapestry Inc.vs est +3.4%-16.49%TMTencent Musicvs est +4.9%-11.92%CBCerebras Systems Inc. Class Avs est +72.2%-11.85%LQLiquidia Corporationvs est -13.2%-10.52%

U.S. session

notable stocks

Thu 8/13 · 14

Intuitive Machines Inc. Class A

Record backlog expansion and transition into a comprehensive space infrastructure provider

Positives

▲Record-breaking Backlog Growth
▲Significant Revenue Surge
▲Diversified Business Portfolio

Concerns

▼Operating Losses and Cash Burn
▼Conservative Guidance and Revenue Conversion

“We delivered a strong quarter, highlighted by $206 million of revenue, more than four times the prior year, exited the quarter with approximately $1.8 billion of backlog.”

· Steve Altemus (CEO)

Applied Industrial Technologies Inc.

Applied Materials Inc.

Record-breaking results driven by surging AI infrastructure demand and upward guidance revision

Positives

▲Revenue growth from AI infrastructure
▲Continuous improvement in profitability
▲Strength in DRAM and packaging

Concerns

▼Stagnation in Other segment revenue
▼Impact of global minimum tax

“In the past three months, we have again made upward revisions to our revenue growth forecast for the year, and we are confident we will grow faster than the overall market.”

· Gary Dickerson, CEO

Company	Timing	EPS vs est	Revenue YoY	Earnings-day
Dillard's Inc. DDS	Pre-open	—	-0%	-3.49%
Madison Square Garden Sports Corp. Class A Common Stock (New) MSGS	Pre-open	+84.1%	+37%	-0.28%
SOLV Energy Inc. Class A MWH	Pre-open	+37.5%	+77%	+8.77%
Parabilis Medicines Inc. PBLS	Pre-open	-783.3%^†	—	-4.65%
Alliance Laundry Holdings Inc. ALH	Pre-open	+20.1%	+7%	-0.58%
Ondas Inc. ONDS	Pre-open	-42.9%	—	-8.80%

Wed 8/12 · 17

Explosive revenue growth in AI cloud and adoption of asset-light business model

Positives

▲Explosive Growth in AI Cloud
▲Improved Profitability and Cash Flow
▲Strategic Asset-Light Model

Concerns

▼Data Center Permitting Risks
▼High CapEx and Dilution Risks
▼Conservative Guidance and Growth Concerns

“In Q2, we grew group revenue by 454% to $582 million, up 46% from last quarter.”

· Dado Alonso, CFO

Carpenter Technology Corporation

Amcor plc Ordinary Shares

Performance Food Group Company

Cisco Systems Inc. Common Stock (DE)

Record performance driven by networking supercycle and AI infrastructure demand

Positives

▲Surging AI Infrastructure and Networking Demand
▲Strong Profitability and Operating Efficiency
▲Broad-based Growth Across Segments

Concerns

▼Decline in Product Gross Margin
▼Stagnant Service Revenue Growth
▼Flat Annual Operating Cash Flow

“In FY 2026, we delivered the highest revenue, operating margin, and earnings per employee in 30 years... In FY 2027, we expect all these metrics to continue to improve as indicated in our guidance.”

Cerebras Systems Inc. Class A

Company	Timing	EPS vs est	Revenue YoY	Earnings-day
Bio-Techne Corp TECH	Pre-open	+0.1%	+1%	+0.11%
Brinker International Inc. EAT	Pre-open	-0.5%	+5%	+11.07%
Beta Technologies Inc. Class A BETA	Pre-open	+18.0%	+146%	-3.29%
Kontoor Brands Inc. Common Stock KTB	Pre-open	+2.1%	-11%	+8.86%
Madison Square Garden Entertainment Corp. Class A MSGE	Pre-open	+69.8%	+87%	+11.40%
Liquidia Corporation LQDA	Pre-open	-13.2%	—	-10.52%
EnerSys ENS	After close	+29.5%	+5%	+5.71%
Nano Nuclear Energy NNE	After close	+28.3%	—	+7.94%

Tue 8/11 · 16

Lumentum Holdings Inc.

CoreWeave Inc. Class A

Surging revenue and improved operating leverage driven by explosive AI infrastructure demand

Positives

▲Explosive Growth in Revenue and Backlog
▲Visible Operating Leverage
▲Infrastructure Expansion and Tech Leadership

Concerns

▼Surging Interest Expenses and Net Loss
▼Declining Operating and EBITDA Margins
▼Heavy Capital Expenditure Burden

“We generated record revenue of $2.6 billion, up 112% year-over-year, increased revenue backlog to $104 billion.”

· Michael Intrator (CEO)

Super Micro Computer Inc.

Company	Timing	EPS vs est	Revenue YoY	Earnings-day
Smithfield Foods Inc. SFD	Pre-open	+4.0%	-2%	-2.29%
Middleby Corporation (The) MIDD	Pre-open	+12.3%	-10%	-7.91%
CAVA Group Inc. CAVA	After close	+5.6%	+31%	+14.24%
Silicon Laboratories Inc. SLAB	After close	+3.1%	+18%	-0.05%
H&R Block Inc. HRB	After close	+7.7%	+3%	+16.09%
Erasca Inc. ERAS	After close	-27.3%	—	+1.47%
Firefly Aerospace Inc. FLY	After close	+20.4%	+657%	+0.68%
National HealthCare Corporation NHC	After close	—	+9%	+2.28%
Quantinuum Inc. Class A QNT	After close	-8.2%	+279%	+27.97%

Mon 8/10 · 22

Ferguson Enterprises Inc.

Axsome Therapeutics Inc.

Apogee Therapeutics Inc.

Rocket Lab Corporation

Record revenue and backlog growth with accelerated vertical integration in space systems.

Positives

▲Record Revenue and Backlog Growth
▲Vertical Integration and New Contracts
▲Improved Profitability Metrics

Concerns

▼Revenue Decline in Launch Services
▼Increased Cash Burn and Net Loss
▼Lower Q3 Margin Guidance

“We achieved a record $234 million in Q2 revenue - up 62% year-over-year and $34 million higher than last quarter's record.”

· Peter Beck (CEO)

AST SpaceMobile Inc. Class A

Accelerating space-based broadband network deployment and expanding government contract wins

Positives

▲Expansion of Government Contracts and Backlog
▲Strengthened Network and Manufacturing Capabilities
▲Global Partnership Ecosystem

Concerns

▼Surging Operating Expenses and Capital Expenditures
▼Stagnant Guidance and Continued Cost Pressure

“We increased our revenue backlog to approximately $1.3 billion in aggregated contracted revenue, agreements with partners, and contracts award with the U.S. government.”

· Abel Avellan, CEO

Simon Property Group Inc.

Company	Timing	EPS vs est	Revenue YoY	Earnings-day
Oruka Therapeutics Inc. ORKA	Pre-open	-9.9%	—	+6.40%
International Seaways Inc. Common Stock INSW	Pre-open	+12.0%	+139%	-2.18%
California Resources Corporation CRC	Pre-open	-28.0%	+50%	+3.21%
CECO Environmental Corp. CECO	Pre-open	+41.6%	+54%	-0.76%
BridgeBio Pharma Inc. BBIO	After close	-33.9%	+120%	-1.15%
AECOM ACM	After close	-134.2%^†	-14%	-8.53%
Hims & Hers Health Inc. Class A HIMS	After close	-640.0%^†	+38%	-3.97%
Cogent Biosciences Inc. COGT	After close	+8.0%	—	-6.81%
Riot Platforms Inc. Common Stock RIOT	After close	-81.3%	+14%	+4.33%
Amentum Holdings Inc. AMTM	After close	+9.7%	-2%	-8.22%
Archer Aviation Inc. Class A ACHR	After close	+12.6%	—	+8.47%
USA Rare Earth Inc. Class A USAR	After close	-15.4%	—	-0.68%
Life360 Inc. LIF	After close	+117.7%^†	+38%	-24.76%
RUM Group Inc. Class A RUM	After close	-180.0%^†	—	+11.43%

By sector

Sectors with 3+ reports this week

Sector	Reports	Beat	Rose	Avg move
Consumer Discretionary	18	11/17	8/18	+1.4%
Healthcare	15	6/14	9/15	+2.5%
IT	13	10/13	4/13	+0.5%
Industrials	13	11/13	6/13	+1.2%

Sources: reported EPS and revenue from SEC filings (EDGAR) and Yahoo Finance and StockAnalysis aggregates; consensus estimates from Yahoo Finance; earnings-day moves are close-to-close changes computed by AFTERNS; call summaries are machine-generated from earnings-call transcripts and translated. Earnings-day moves fill in after the reaction day closes.

US stock earnings,the key summary

Biggest moves

Thu 8/13 · 14

Wed 8/12 · 17

Tue 8/11 · 16

Mon 8/10 · 22

By sector

US stock earnings,
the key summary