American Express Company

AXP Q2 2026

Reported: 2026-07-26

Shares declined 4.3% following the earnings release as investors focused on the deceleration in variable card member engagement growth and a cautious second-half outlook despite raised revenue guidance.

Key takeaways

Q2 revenue increased 10%, driven by accelerated spend growth in the Platinum portfolio, the fastest growing segment in U.S. consumer business.
EPS of $4.53 aligned with expectations, but full-year EPS guidance remained unchanged at $17.30 to $17.90 despite raised revenue forecast.
Management chose to invest incremental revenue in growth initiatives rather than boost EPS through buybacks, signaling cautious profitability leverage near term.
Variable card member engagement growth is expected to decelerate in H2 as prior year Platinum refresh laps, raising concerns about sustainability of momentum.
Strong credit performance continued, with 65% of new consumer accounts from Millennials and Gen-Z, supporting retention and underwriting quality.

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Booz Allen Hamilton Holding Corporation

BAH Q1 2027

Reported: 2026-07-26

Booz Allen's shares jumped 10.1% following its Q1 fiscal 2027 report, driven by better-than-expected execution amidst a challenging government contracting environment and robust funding growth, particularly in national security and cyber.

Key takeaways

Government funding increased 17% year-over-year, providing momentum despite midterm election year budget uncertainties.
The company is making strategic investments in fast-growing areas such as cyber (notably with its Agentic AI-related Vellox platform) and defense tech, supported by the pending acquisition of Ultra I&C Mission Solutions.
Cyber demand is accelerating, driven by a more complex threat environment with autonomous offensive cyber tools.
Management highlighted ongoing transformation efforts including quantum computing and post-quantum cryptography readiness.
Execution remains disciplined amid procurement reforms that could introduce near-term delays, suggesting management is navigating current headwinds well.

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BE Semiconductor Industries N.V.

BESI.AS Q2 2026

Reported: 2026-07-26

Shares fell 8.5% as investors reacted to Besi’s cautious margin outlook and guidance for lower gross margins in Q3, despite continued revenue growth and strong order momentum.

Key takeaways

Q2 revenue rose 68.7% year-over-year to EUR 249.9 million, driven by AI-related demand for photonics, data center, and hybrid applications.
Orders surged 128.8% year-over-year to EUR 292.9 million, with AI system orders increasing to approximately 60% of total orders.
Net income improved 177.3% year-over-year to EUR 89 million, supported by improved gross margins and disciplined operating expense growth.
Management expects Q3 revenue growth of 10–15%, but cautions gross margins will decline to 63–65% due to an unfavorable product mix.
Operating expenses are forecasted to be flat to increase up to 5%, mainly from higher development spending, diluting near-term margin expansion.

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Charter Communications, Inc.

CHTR Q2 2026

Reported: 2026-07-26

Charter's shares declined 2.5% following earnings, reflecting continued headwinds from decelerating broadband customer additions and margin pressure, despite ongoing mobile growth and cost management efforts.

Key takeaways

Added 400,000 Spectrum Mobile lines in Q2, totaling 1.7 million lines over 12 months, driving 16% growth in mobile.
Internet customer loss worsened to 172,000, higher than last year and continuing the trend from Q1, weighing on revenue, which fell 1.7% year-over-year.
EBITDA declined 3.2% excluding Cox transition costs, pressured by softer Internet additions and competition.
Management emphasized stable churn supported by bundling mobile and video, with mobile penetration at 20% of Internet customers and scope to grow.
Outlook calls for capital expenditure reduction and expected EBITDA benefit in H2 from Internet price increases, political advertising, AI-driven cost savings, and cost controls.

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Canadian National Railway Company

CNR.TO Q2 2026

Reported: 2026-07-26

CN’s shares declined modestly by 0.5% following the quarter, reflecting a market indecision despite management’s positive tone on volume growth and efficiency gains. The cautious market response suggests investors are digesting uncertainties around wildfire impacts and the pending Union Pacific merger, with no clear upside surprises.

Key takeaways

Reported 5% volume growth and 12% FX-adjusted EPS growth, reflecting operational execution.
Raised full-year earnings guidance to mid- to high single digits on low single-digit volumes.
Productivity gains highlighted by 3% increase in gross ton miles and improved crew utilization.
Active wildfire season in Northern Ontario and British Columbia remains a risk factor, though operations currently unaffected.
Strategic agreements with Union Pacific position CN for long-term growth but depend on regulatory approvals, introducing some near-term uncertainty.

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Deutsche Borse AG

DB1.DE Q2 2026

Reported: 2026-07-26

The stock rose modestly by 1.7%, reflecting somewhat encouraging revenue growth across multiple segments but tempered by normalized activity levels and persistent headwinds in commodities and ESG businesses.

Key takeaways

Net revenue grew 9% excluding treasury results, with EBITDA up 13% on the same basis, driven by six of eight business areas reporting growth.
Treasury results declined slightly by 1%, confirming an inflection point but continuing to exert a modest drag on total net revenue growth, which reached 7% in Q2.
Security Services, Financial Derivatives (notably fixed income up 27% and OTC clearing up 49%), and Fund Services delivered mid-to-high teens revenue growth, fueled by structural tailwinds.
Commodities activity normalized after a strong Q1, and ESG business faced ongoing headwinds, highlighting pockets of softness within the otherwise diversified portfolio.
Operating leverage remains solid with 3% underlying cost growth and disciplined investment balanced against efficiency gains; EUR 500 million share buyback completed in the quarter.

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First American Financial Corporation

FAF Q2 2026

Reported: 2026-07-26

Shares rallied 6.5% following Q2 results as revenue growth in Commercial and continued deposit expansion at First American Trust demonstrated solid operational momentum, offsetting mortgage headwinds.

Key takeaways

Adjusted EPS rose 36% year-over-year to $2.80, driven primarily by strong Commercial segment performance.
Commercial revenue increased 34%, setting a Q2 record, bolstered by 14 transactions exceeding $1 million in premium.
Purchase revenue edged up 2% despite affordability challenges, while refinance revenue grew 18% due to a prior quarter’s mortgage rate dip.
Average deposits surged 30% to $7.9 billion, with 36% sourced outside captive title business, highlighting diversification.
AI initiatives and platform rollouts (Endpoint, Sequoia) are advancing automation and operational efficiency, with automation rates increasing from 30% to 34% in Q2.

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First Hawaiian, Inc.

FHB Q2 2026

Reported: 2026-07-26

Shares declined 1.9% despite stable execution, reflecting investor caution over deposit outflows, restrained loan growth, and a modestly lowered NIM outlook amid ongoing seasonal volatility and transactional expenses.

Key takeaways

Total loans grew by $137 million (3.6% annualized), driven by C&I and CRE growth, partially offset by construction and residential loan payoffs.
Deposits declined by $623 million, primarily due to expected seasonal outflows of public deposits, particularly lower government operating accounts and time deposits.
Net interest margin was 3.25%, up 6 basis points from Q1, but the full-year NIM guidance was narrowed and slightly lowered to 3.24%-3.25%.
Noninterest income rose to $60.3 million on higher BOLI income, excise tax refund, and swap fees; noninterest expense included $4.2 million in TriCo acquisition costs, with more transaction expenses anticipated.
Credit quality remained solid with a reduction in classified assets, supporting a stable allowance for credit losses.

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First Merchants Corporation

FRME Q2 2026

Reported: 2026-07-26

Shares of First Merchants Corporation declined 1.3% after earnings, as investors appeared cautious despite steady revenue growth and improving net interest margin, likely weighed down by the impact of two loans downgraded to nonaccrual status and the cautious tone around credit quality.

Key takeaways

Reported Q2 net income reached $43.5 million, or $0.70 per diluted share, negatively impacted by two nonaccrual loans with specific reserves.
Adjusted pretax pre-provision earnings rose 7.5% sequentially to $84.6 million, supported by net interest margin expansion to 3.38%.
Loan growth accelerated to nearly 6% annualized across commercial and consumer segments, reflecting organic expansion in the core Midwestern footprint.
Deposits grew at a 6.5% annualized rate, driven by public funds and a temporary large client deposit; consumer deposits showed seasonal declines.
Tangible book value per share increased 1.6% sequentially to $29.80, supported by disciplined expense management and balance sheet repositioning.

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Gecina SA

GFC.PA Q2 2026

Reported: 2026-07-26

Shares dipped 1.7% following the earnings release, reflecting investor caution despite stable results, amid signs of modest growth and no change in guidance.

Key takeaways

Rental income grew 2% like-for-like, with housing portfolio rents up 7.6% driven by higher occupancy and increased rents per square meter.
Occupancy remains high at approximately 94%, boosted by a 170 basis point increase in the multifamily segment.
Rental margin improved by 160 basis points year-on-year due to ongoing property cost optimizations.
EPRA cost ratio further declined from 21% in 2021 to 14% currently, and cost of debt remained contained at 1.6%.
The company confirmed recurring net income guidance for 2026 between EUR 6.70 and EUR 6.75 per share, with no upward revisions.

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Givaudan SA

GIVN.SW Q2 2026

Reported: 2026-07-26

Shares fell 5.5% following results that disappointed investors due to margin compression and cautious outlook amid weak performance in Taste & Wellbeing. The decline reflects concerns over declining adjusted EPS and continued challenges in key markets despite some sequential improvement.

Key takeaways

Group sales rose 3.6% on a like-for-like basis but net income fell to CHF 475 million from CHF 592 million year-over-year.
Adjusted EBITDA margin compressed to 24.3% from 25.2% in H1 2025, reflecting margin pressure despite solid volume growth.
Taste & Wellbeing segment sales declined 6.3% in Swiss francs and showed only 0.5% like-for-like growth, highlighting ongoing market challenges.
Fragrance & Beauty delivered mixed results with strong volume-led growth but weakness in Fragrance Ingredients and Active Beauty segments.
Adjusted free cash flow was negative CHF 119 million in H1, impacted by higher investments and working capital timing, casting some doubt on cash generation near term.

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Howden Joinery Group Plc

HWDN.L Q2 2026

Reported: 2026-07-26

Shares declined 1.2% following earnings as investors digested modest top-line growth paired with margin maintenance but no upward revision to guidance, signaling caution amid a competitive market and flat full-year volume expectations.

Key takeaways

Group sales increased 3.7% on a trading-adjusted basis, with UK revenue up 3.3%, driven by volume growth and a 1.6% price increase.
Maintained industry-leading gross margin, improving 70 basis points year-over-year through price discipline and operational efficiencies.
Underlying profit before tax rose 4.3% to GBP 122 million; underlying EPS increased by 5.5%.
UK kitchen market expected to be flat in 2026; no change to the full-year outlook despite positive first-half performance.
Completed acquisition of DIY Kitchens, expanding customer base and adding a complementary online self-service model, but contribution remains incremental.

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Ladder Capital Corp

LADR Q2 2026

Reported: 2026-07-26

Ladder Capital's shares were essentially unchanged following the quarter, reflecting a steady performance with ongoing portfolio rotation and modest gains without significant surprises in outlook or execution.

Key takeaways

Distributable earnings reached $30.8 million, or $0.24 per share, supported by a loan portfolio that grew 75% over the past 12 months.
Loans now comprise about 50% of assets, with new loan originations continuing to trend higher at a weighted average yield of 7.2%.
Net interest margin improved year-over-year due to rotation from lower yielding securities into higher-yielding floating rate loans.
Gains from the multi-cylinder strategy totaled approximately $4.1 million, including securities sales, real estate equity refinancing, and conduit business contributions.
Continued opportunistic share repurchases at a discount to book value aim to enhance book value per share; pipeline remains active with $500 million in loans under application.

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Lamb Weston Holdings, Inc.

LW Q4 2026

Reported: 2026-07-26

Lamb Weston’s stock edged up modestly by 0.8% following Q4 and full year fiscal 26 results, reflecting a market reaction that views the quarter as largely in line with expectations amid ongoing challenges in international markets and stable North American performance.

Key takeaways

North American segment delivered volume growth and EBITDA improvement, ending the year with a 26% segment EBITDA margin.
International operations faced shipment disruptions and volatile input cost inflation, particularly in the Middle East, with pricing pressure notably in EMEA.
Management announced a strategic facility closure in the Netherlands as part of efforts to optimize the global footprint.
Capital expenditures were significantly reduced while the company maintained strong cash flow generation.
Returned $321 million to shareholders during the year, reflecting consistent capital return discipline since IPO.

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MaxLinear, Inc.

MXL Q2 2026

Reported: 2026-07-26

MaxLinear's shares dropped 17.5% after the print, reflecting investor disappointment primarily with the cautious outlook for near-term margins and profit growth despite strong top-line acceleration.

Key takeaways

Revenue surged 55% year-over-year, driven by a 145% increase in the infrastructure segment, led by optical data center products.
Company returned to positive GAAP EPS at $0.02, signaling improved profitability in the quarter.
Infrastructure now largest revenue category, with third-quarter non-GAAP gross margin guidance set at 60% midpoint, indicating margin pressure relative to recent quarters.
Raised 2026 optical data center revenue guidance to $210–230 million, but investors likely skeptical about full-year margin expansion and cautious on non-GAAP profitability growth beyond Q3.
Early-stage initiatives in AI infrastructure and broadband showed promise but remain nascent revenue contributors, with meaningful volume ramps projected in 2027 and beyond.

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NextEra Energy, Inc.

NEE Q2 2026

Reported: 2026-07-26

NextEra Energy’s Q2 results were largely in line with expectations, reflected by a flat stock reaction. The company reiterated steady execution across key businesses without significant surprises in guidance, growth, or margins.

Key takeaways

Adjusted EPS came in at $1.15 for the quarter, contributing to a 9.8% increase in adjusted EPS year-to-date.
Florida Power & Light (FPL) added more than 90,000 customers year-over-year, benefiting from continued strong population and economic growth in Florida.
FPL remains highly efficient with nonfuel O&M costs more than 70% below the industry average and reliability metrics approximately 60% better than the national average.
The company is on track to install roughly 900 MW of solar and over 1.4 GW of battery storage in 2026, maintaining leadership in renewable capacity among utilities.
Large load interest at FPL stands at about 21 GW, with 12 GW in advanced discussions; expected capital deployment could reach $2 billion per GW served under the approved tariff.

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Orchid Island Capital, Inc.

ORC Q2 2026

Reported: 2026-07-26

Shares declined modestly by 1.1% following Q2 results, reflecting investor caution despite some improvements in earnings and portfolio size, as margin pressure and slower prepayment speeds suggested deceleration in key metrics.

Key takeaways

Earnings per share improved to $0.44 from a loss of $0.11 in Q1, though dividend was cut by 17% to $0.30.
Book value increased modestly to $7.22 from $7.08 quarter-over-quarter.
Average portfolio size grew slightly to $11.4 billion from approximately $11 billion.
Economic leverage ratio decreased from 7.9:1 to 7.3:1.
Prepayment speeds slowed significantly to 10.9% from 14.7%, indicating softer portfolio turnover.

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Peoples Bancorp

PEBO Q2 2026

Reported: 2026-07-26

Shares in Peoples Bancorp rose modestly by 1.7% following earnings that showed stable but unspectacular performance across key metrics, with margin expansion and loan growth balanced against persistent issues in criticized loans and a muted outlook.

Key takeaways

Diluted EPS came in at $0.96 adjusted for one-time items, above the unmentioned consensus, though impacted by an $8.2 million loss related to strategic investment sales.
Net interest income grew 3%, supported by a 7 basis point expansion in net interest margin and deposit cost discipline.
Loan balances increased $51 million (3% annualized), driven by growth in commercial & industrial and premium finance loans; however, other commercial real estate loans declined $58 million due to anticipated payoffs.
Provision for credit losses declined sharply by 51% to $4.7 million, reflecting improved net charge-offs and stabilization of macroeconomic assumptions, but criticized loans rose to 4.01% of total loans, largely due to two commercial credits.
Efficiency ratio remained stable at 58.3%, showing modest operational improvement, while book value per share increased to $34.41, reflecting continued capital strength.

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Phillips Edison & Company Inc. Common Stock

PECO Q2 2026

Reported: 2026-07-26

Shares rose modestly by 2.0% following the quarter, reflecting steady execution but a lack of clear upside catalysts to push the stock higher. Results showed consistent growth in key metrics, yet the market’s tepid response signals some investor caution on growth sustainability and margin expansion.

Key takeaways

Nareit FFO per share grew 8.1%; core FFO per share rose 7.8%, supported by 3% same-center NOI growth.
Occupancy gains, strong rent spreads, and solid operational execution drove performance in grocery-anchored shopping centers.
Increased full-year acquisition guidance to $500–600 million, with a disciplined focus on returns and quality over volume.
Raised $92 million of equity capital to fund growth initiatives while maintaining a conservative balance sheet.
Continued emphasis on portfolio recycling and joint ventures as diversification and capital efficiency strategies.

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Poste Italiane SpA

PST.MI Q2 2026

Reported: 2026-07-26

Shares of Poste Italiane declined 3.6% following earnings, reflecting investor disappointment primarily with the cautious outlook and complexity surrounding the upcoming reorganization and TIM transaction, which may be tempering near-term confidence despite stable current results.

Key takeaways

Reported first half revenues reached a record EUR 6.8 billion, up 6% year-over-year.
Adjusted EBIT rose 7% to EUR 1.8 billion, driven by top-line growth and disciplined cost management.
Net profit excluding TIM stake contribution increased 4% to EUR 1.2 billion.
Financial services and Insurance Services showed solid revenue growth (e.g., Insurance revenues +9% to EUR 983 million).
Market reaction suggests concern over structural complexity, cautious outlook on transformation initiatives, and potential execution risks related to the TIM transaction and physical network reorganization.

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SAP SE

SAP.DE Q2 2026

Reported: 2026-07-26

SAP’s stock rose sharply by 9.3% following Q2 results that demonstrated robust cloud revenue growth and a substantial acceleration in the current cloud backlog, signaling improving forward visibility and strong execution on AI and autonomous enterprise initiatives.

Key takeaways

Cloud revenue increased 24% to EUR 6.3 billion, driven by ERP migrations and AI adoption.
Current cloud backlog grew 26%, accelerating from Q1 and outpacing recent trends, suggesting stronger future cloud revenue.
Total revenue rose 11% to EUR 9.9 billion despite a slight decline in services revenue due to consultant redeployment toward AI agent development.
Operating profit increased 9% to EUR 2.7 billion, reflecting efficient cost management amid top-line growth.
The successful launch of the Autonomous Enterprise platform and AI Agent Hub, along with strong demand from the Sapphire conference, support confidence for a strong second half.

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Schlumberger Limited

SLB Q2 2026

Reported: 2026-07-26

SLB shares rallied 11% post-earnings, driven by broad-based international growth, margin expansion in Production Systems and Digital, and strong momentum in data center solutions, signaling investor confidence in the company’s strategic positioning and outlook despite ongoing Middle East challenges.

Key takeaways

International activity showed solid sequential increases across Latin America, Europe, Africa, and Asia, supported by higher offshore demand and a North American land market rebound.
Production Systems returned adjusted EBITDA margins above 20%, with ChampionX delivering margin expansion for the third consecutive quarter despite chemical cost inflation.
Digital segment’s adjusted EBITDA margins reached approximately 35%, supported by increased exploration data licenses and 15% year-over-year growth in annual recurring revenue.
Data Center Solutions revenue surged 33% sequentially and 80% year-over-year, fueled by new hyperscaler customers and expanded service offerings, including a recent partnership with Meta.
Activity disruption in the Middle East constrained well construction and Cesar performance but was largely offset by strength in other regions.

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TotalEnergies SE

TTE.PA Q2 2026

Reported: 2026-07-26

TotalEnergies’ shares rose modestly by 2.2% despite mixed segment performance and ongoing geopolitical uncertainty, reflecting cautious investor sentiment on trading setbacks and Middle East production constraints balanced against strong upstream and refining results.

Key takeaways

Oil & gas production grew organically by 4%, driven mainly by projects in Brazil, the U.S., and Libya, partially offsetting 5-10% Middle East production and lifting disruptions due to the Strait of Hormuz tensions.
Refining and chemicals margins hit historic highs, with operations adjusting to prioritize diesel and jet fuel amid supply tightness, despite capacity setbacks from external events (SATORP drone attack, Port Arthur lightning strike).
Gas trading results were weak, hurt by price declines contrary to bullish positioning, creating a notable drag that investors monitored closely; however, gas prices have improved since early July.
Integrated Power generated strong cash flow, supported by an early transaction closing with EPH, marking one of the best quarters since 2024 in renewables and electricity.
The company reduced net debt by $3.3 billion, lowering gearing to 13%, and increased the interim dividend by 5.9%, signaling financial discipline despite ongoing operational challenges and market volatility.

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Verizon Communications Inc.

VZ Q2 2026

Reported: 2026-07-26

Verizon’s stock rose 5.8% following Q2 results that showed accelerating subscriber growth, improving customer economics, and strong free cash flow, prompting the company to raise its full-year revenue, EPS, and cash flow guidance.

Key takeaways

Postpaid phone net adds reached 184,000 in Q2, the best consumer postpaid phone growth in five years and the highest gross adds in eight years.
Mobility and broadband service revenue grew 2.8% year-over-year, up from 1.6% in Q1, with Q3 and Q4 guidance now targeting near 3% and approximately 4% growth, respectively.
Adjusted EPS increased 6.6% year-over-year to $1.30, leading to raised full-year EPS growth guidance of 6% to 7%.
Free cash flow surged 24% year-over-year to $6.4 billion, pushing full-year free cash flow growth guidance to 9% to 10%.
Churn improved meaningfully, with consumer postpaid phone churn declining to 84 basis points, and customer acquisition and retention costs falling 15% to 17%, reflecting enhanced operating leverage and a structural shift in the business model.

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Earnings Recaps

American Express Company

Booz Allen Hamilton Holding Corporation

BE Semiconductor Industries N.V.

Charter Communications, Inc.

Canadian National Railway Company

Deutsche Borse AG

First American Financial Corporation

First Hawaiian, Inc.

First Merchants Corporation

Gecina SA

Givaudan SA

Howden Joinery Group Plc

Ladder Capital Corp

Lamb Weston Holdings, Inc.

MaxLinear, Inc.

NextEra Energy, Inc.

Orchid Island Capital, Inc.

Peoples Bancorp

Phillips Edison & Company Inc. Common Stock

Poste Italiane SpA

SAP SE

Schlumberger Limited

TotalEnergies SE

Verizon Communications Inc.

Community

Earnings Recaps

American Express Company

Booz Allen Hamilton Holding Corporation

BE Semiconductor Industries N.V.

Charter Communications, Inc.

Canadian National Railway Company

Deutsche Borse AG

First American Financial Corporation

First Hawaiian, Inc.

First Merchants Corporation

Gecina SA

Givaudan SA

Howden Joinery Group Plc

Ladder Capital Corp

Lamb Weston Holdings, Inc.

MaxLinear, Inc.

NextEra Energy, Inc.

Orchid Island Capital, Inc.

Peoples Bancorp

Phillips Edison & Company Inc. Common Stock

Poste Italiane SpA

SAP SE

Schlumberger Limited

TotalEnergies SE

Verizon Communications Inc.

Community

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