Supermicro, Eli Lilly stocks pop on upbeat forecasts, AMD and Uber slide

The fourth quarter earnings season momentum continues this week, with results from Alphabet (GOOG, GOOGL), Amazon (AMZN), AMD (AMD), Qualcomm (QCOM), and Palantir (PLTR) highlighting the calendar.

As of Jan. 30, 33% of S&P 500 (^GSPC) companies have reported fourth quarter results, according to FactSet data, and Wall Street analysts estimate an 11.9% increase in earnings per share for the fourth quarter. If that rate holds, it would represent the 10th consecutive quarter of annual earnings growth for the index and the fifth consecutive quarter of double-digit growth.

S&P 500 earnings growth estimates. (Chart: FactSet)

Heading into the reporting period, analysts were expecting an 8.3% jump in earnings per share, down from the third quarter’s 13.6% earnings growth rate. Wall Street has raised its earnings expectations in recent months, especially for tech companies, which have driven earnings growth in recent quarters.

Big Tech results set the tone, as capital expenditures continue apace. Plus, the themes that drove the markets in 2025 — artificial intelligence, the Trump administration’s tariff and economic policies, and a K-shaped consumer economy — continue to provide plenty for investors to parse.

This week, investors will hear updates from companies including Disney (DIS), Chipotle (CMG), PepsiCo (PEP), Uber (UBER), and Snap (SNAP).

LIVE 116 updates

Novo Nordisk extends decline after company forecasts steep drop in sales

Novo Nordisk stock extended losses on Wednesday after a downbeat sales forecast sent shares sharply lower on Tuesday.

Bloomberg reports:

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Enphase jumps after earnings top analysts estimates

Enphase Energy (ENPH) stock soared 20% during premarket hours after the company’s profit and revenue beat analysts’ estimates. The technology company’s shares have risen 10% over the past month, but are down almost 42% for the year.

The AP reports:

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Supermicro stock jumps after raising annual revenue forecast

Supermicro (SMCI) stock jumped 11% before the bell on Wednesday after the server maker raised its annual revenue forecast on Tuesday, citing continued strong demand for its AI servers, driven by companies expanding their data centre capacity.

Reuters reports:

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Uber stock drops after missing Q4 estimates, issuing disappointing guidance

Uber (UBER) stock dropped more than 8% in premarket trading after the ride-hailing giant issued first quarter profit guidance that disappointed investors.

The company also missed fourth quarter estimates as its more affordable ride options affected margins.

And in other news, Uber said its CFO, Prashanth Mahendra-Rajah, will step down and be succeeded by Balaji Krishnamurthy, a former Goldman Sachs executive.

Reuters reports:

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Eli Lilly sees 2026 profit above estimates as demand for weight‑loss drugs soars

Eli Lilly (LLY) stock jumped 7% before the bell on Wednesday after the pharmaceutical group provided a 2026 profit forecast above Wall Street estimates. The company said it is hoping demand for its weight-loss drugs rises as it gets ready to release its oral weight-loss pill this year.

Reuters reports:

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Tue, February 3, 2026 at 9:56 PM UTC

Match Group forecasts upbeat revenue as turnaround gains traction

Match Group (MTCH) stock surged more than 7% in extended trading, nearly recovering all of Tuesday’s losses, after the Tinder parent issued an upbeat revenue outlook for the first quarter and showed signs of progress in its turnaround.

From Reuters:

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Tue, February 3, 2026 at 9:54 PM UTC

Amgen quarterly results beat Street estimates on higher sales, lower tax rate

Amgen (AMGN) stock advanced 1.5% after hours following solid fourth quarter results from the drug manufacturer, as drug sales increased 7%.

From Reuters:

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Tue, February 3, 2026 at 9:43 PM UTC

AMD posts better-than-anticipated Q4 earnings and Q1 outlook but stock falls

Yahoo Finance’s Daniel Howley reports:

Read the full earnings breakdown here.

Tue, February 3, 2026 at 9:42 PM UTC

Chipotle stock sinks after company reports Q4 same-store sales drop 2.5%, forecasts no sales growth in 2026

Chipotle (CMG) stock dropped 3% in after-hours trading. The burrito-bowl chain said on Tuesday afternoon that same-store sales fell in the fourth quarter and told investors it expects no sales growth in 2026 as it continued to navigate a decline in traffic.

Yahoo Finance’s Brooke DiPalma reports:

Read the full earnings story here.

Tue, February 3, 2026 at 9:39 PM UTC

Cocoa prices weigh on Mondelez fourth quarter profits

Mondelez International’s (MDLZ) profits declined in the fourth quarter and full year 2025 as soaring cocoa prices throughout the year and consumers snacking less created some profitability headwinds. Shares of the Ritz cracker and Oreo cookie maker dropped more than 4% in extended trading.

In the fourth quarter, Mondelez reported earnings per share of $0.51, falling short of expectations of $0.68 per share, according to consensus estimates compiled by S&P Global. Revenue increased 9.3% year over year to $10.4 billion, beating estimates of $10.2 billion.

Ahead of the report, Jefferies analyst Scott Marks wrote that Mondelez is in a transitional phase as it seeks to stabilize volume declines and reinvest in its brands.

Some relief may be on the way for the higher commodity prices that have plagued chocolate and food companies over the past year. In the past month, cocoa prices (CC=F) have fallen 27%, which is expected to ease pressure on margins.

For the full year, Mondelez earnings per share dropped 44% to $1.89 from $3.42 in 2024. For 2026, the company expects net revenue growth to be flat to up 2% and adjusted earnings per share growth to be flat to up 5%.

Tue, February 3, 2026 at 2:01 PM UTC

Galaxy Digital loses nearly $500 million in Q4 after crypto crash

Shares in Galaxy Digital (GLXY) fell by more than 4% after the company disclosed Tuesday morning that it lost nearly $500 million and posted negative adjusted earnings for the fourth quarter, driven by “depreciation of digital asset prices in the quarter.”

Michael Novogratz’s digital assets-focused financial services firm reported a fourth quarter adjusted loss per share of $1.08, falling below analyst estimates for a loss per share of $0.92. Galaxy Digital also missed on revenue for the quarter, reporting $10.2 billion in revenue against analyst estimates of $12.15 billion.

The company said in a press release announcing the earnings that its loss in crypto-driven revenue reflects “a softer macro environment and lower industry trading volumes and onchain activity.”

Galaxy Digital also noted that its digital assets trading volumes declined by approximately 40% quarter-on-quarter, “reflecting softer client activity following a record Q3.”

In Galaxy Digital’s data center division, the company said it “remains on track to deliver 133MW of critical IT load to CoreWeave in the first half of 2026” and that it “received ERCOT approval for an additional 830 MW of power capacity,” bringing the total approved capacity for its Helios campus to 1.6 gigawatts. bringing Helios’ total approved capacity to more than 1.6 gigawatts.

Tue, February 3, 2026 at 1:14 PM UTC

Teradyne stock soars after company forecasts upbeat quarterly results

Teradyne (TER) stock surged 24% in premarket trading on Tuesday after the chip-testing equipment manufacturer issued earnings guidance on Monday that blew past Wall Street’s expectations as companies’ multibillion-dollar spending plans for data centers fueled demand.

Reuters reports:

Read more here.

Tue, February 3, 2026 at 12:39 PM UTC

PayPal stock sinks after forecasting 2026 profit below estimates

PayPal (PYPL) stock fell 15% before the bell on Tuesday after issuing a disappointing profit forecast for 2026 and reporting fourth quarter earnings below Wall Street estimates. The online payment company said it had been pressured by weaker US retail spending and slow growth within its branded checkout segment.

The group also named HP’s (HPQ) Enrique Lores as president and CEO, effective ‌March 1.

Reuters reports:

Read more here.

Tue, February 3, 2026 at 12:02 PM UTC

Pfizer beats fourth quarter profit estimates on robust drug demand

Pfizer (PFE) topped Wall Street estimates for the fourth quarter profit on Tuesday. The company’s earnings were boosted by continued demand for its older drugs, such as blood thinner Eliquis and heart disease drug Vyndaqel.

The pharmaceutical group’s stock fell 1% before the bell.

Reuters reports:

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Tue, February 3, 2026 at 11:57 AM UTC

Merck forecasts 2026 sales below estimates on patent losses

Reuters reports:

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Tue, February 3, 2026 at 11:36 AM UTC

PepsiCo tops quarterly revenue estimates on resilient demand for sodas

PepsiCo (PEP) beat analysts’ estimates for fourth quarter revenue on Tuesday, as strong demand for its drinks in international markets, as well as strength in its low-sugar beverages in the US helped the food and beverage giant to reiterate its 2026 forecast.

Cans of Pepsi are seen at the PepsiCo Walkers factory in Leicester, Britain, August 14, 2024. REUTERS/Hollie Adams · Reuters / Reuters

Reuters reports:

Read more here.

Mon, February 2, 2026 at 10:16 PM UTC

Palantir CEO on Q4 beat: ‘We are a different species of company’

Speaking about the company’s Q4 results and recent sell-off in software stocks, Palantir CEO Alex Karp said that there’s no guarantee the company won’t be disrupted by artificial intelligence but that the company’s investments in AI are paying off.

“Honestly, it looks like the products and the culture we have are ideally built for the time we are in now,” Karp told Yahoo Finance’s Josh Lipton. “We are a different species of company.”

Palantir stock was up 5% as the earnings call began. Join a livestream of the earnings call here.

Mon, February 2, 2026 at 9:27 PM UTC

NXP stock falls despite earnings beat as Automotive growth stabilizes

NXP Semiconductors (NXPI) stock skidded 5% lower in extended hours after the semiconductor company’s Automotive revenue failed to impress investors.

In the fourth quarter, NXP reported adjusted profits of $3.35 per share, surpassing Wall Street estimates for adjusted earnings of $3.31 per share. The company posted revenue of $3.34 billion, slightly above expectations for $3.3 billion.

“Throughout 2025, we executed effectively despite a challenging first half, maintaining operational discipline while advancing our strategic priorities in software defined vehicles and physical AI,” NXP’s CEO Rafael Sotomayor said.

Revenue growth for NXP’s Automotive segment, which contributes over half of NXP’s total revenue, moderated to a 5% annual rate from the third quarter’s 6% growth. The segment brought in $1.8 billion in Q4, which came in a bit lighter than expectations for $1.9 billion.

The Industrial and Internet of Things unit reported 24% annual revenue growth ($640 million), the Mobile unit reported 22% revenue growth ($485 million), and Communication Infrastructure declined by 18% year over year ($334 million).

For the first quarter, NXP forecast revenue of $3.15 billion at the midpoint and diluted earnings per share of $4.21, which were ahead of the Street’s estimates for $3.09 billion in revenue and $2.95 per share, according to S&P Global Market Intelligence.

Mon, February 2, 2026 at 9:14 PM UTC

Palantir Q4 earnings beat Wall Street estimates on strong sales to US businesses

Palantir stock (PLTR) surged more than 6% immediately after reporting results, as US commercial and government revenue drove better-than-expected earnings in the fourth quarter.

Yahoo Finance’s Laura Bratton reports:

Read more here.

Mon, February 2, 2026 at 4:55 PM UTC