Earnings Scoreboard: 7 out of 9 key S&P 500 reporting firms deliver clean EPS beats and growth

[Rolled newspaper with the headline Quarterly Results]
Zerbor

Corporate earnings this week feature a high-stakes slate of reports from nine notable companies, spanning the technology, e-commerce, materials, and real estate sectors.

EARNINGS ROUNDUP:

BOTTOM LINE: Out of the 9 companies reporting, 7 exceeded EPS expectations, and 2 fell short. Notably, 7 of these companies posted year-over-year earnings growth.

TOP LINE: Performance remained robust on the revenue front, with 8 companies topping Wall Street estimates and only 1 missing. On a year-over-year basis, 7 companies successfully delivered top-line revenue expansion.
[Seeking Alpha]
Seeking Alpha (Seeking Alpha)

LET’S TAKE A LOOK AT SOME OF THE COMPANIES THAT REPORTED EARNINGS THIS WEEK:

APPLIED MATERIALS (AMAT [https://seekingalpha.com/symbol/AMAT]): Posted record fiscal Q2 revenue of $7.91 billion and beat EPS estimates at $2.86 (+20% YoY) on accelerating AI chip demand, while issuing strong Q3 revenue guidance [https://seekingalpha.com/news/4593071-applied-materials-pops-as-q2-results-guidance-top-estimates] of $8.95 billion.

CISCO SYSTEMS (CSCO [https://seekingalpha.com/symbol/CSCO]): Delivered record fiscal Q3 revenue of $15.84 billion and an EPS beat of $1.06 driven by an AI networking boom, raising its full-year fiscal 2026 revenue guidance [https://seekingalpha.com/news/4592411-cisco-soars-after-q4-guidance-tops-estimate-by-nearly-1b-as-ai-infrastructure-takes-off] to a range of $62.8 billion to $63.0 billion.

CONSTELLATION ENERGY (CEG [https://seekingalpha.com/symbol/CEG]): Reported a massive Q1 revenue [https://seekingalpha.com/news/4590374-constellation-energy-beats-top-line-and-bottom-line-estimates-reaffirms-fy26-outlook] surge of 63.8% to $11.12 billion with adjusted EPS of $2.74, while confidently reaffirming its full-year 2026 EPS guidance of $11.00 to $12.00.

FOX CORPORATION (FOXA [https://seekingalpha.com/symbol/FOXA]): Exceeded expectations with a fiscal Q3 adjusted EPS of $1.32 on revenue of $3.99 billion despite the absence of the Super Bowl and issued a positive long-term outlook [https://seekingalpha.com/news/4590402-fox-non-gaap-eps-of-1_32-beats-by-0_24-revenue-of-3_99b-beats-by-180m] pointing toward $17.01 billion in fiscal 2027 revenue.

QNITY ELECTRONICS (Q [https://seekingalpha.com/symbol/Q]): Smashed Q1 expectations [https://seekingalpha.com/news/4591033-qnity-electronics-beats-top-line-and-bottom-line-estimates-raises-fy26-outlook] with a massive 86% EPS surprise of $1.08 on $1.315 billion in revenue, prompting management to raise its full-year 2026 sales and earnings guidance.

SIMON PROPERTY GROUP (SPG [https://seekingalpha.com/symbol/SPG]): Beat Q1 expectations [https://seekingalpha.com/news/4590720-simon-property-q1-real-estate-ffo-revenue-beats-ffo-per-share-misses] with total revenue of $1.76 billion and an FFO of $3.17 per share while raising its common dividend and now expects 2026 real estate FFO per share of $13.10-$13.25 (midpoint $13.175) vs. the Visible Alpha consensus of $13.20 and compared with its previous guidance of $13.00-$13.25.

STERIS PLC (STE [https://seekingalpha.com/symbol/STE]): Reported a Q4 [https://seekingalpha.com/news/4590822-steris-non-gaap-eps-of-2_83-misses-by-0_02-revenue-of-1_59b-misses-by-10m] non-GAAP EPS of $2.83, which was $0.02 below expectations. Revenue was $1.59 billion, a 7.4% increase year-over-year, but fell short by $10 million. The board approved a $1 billion share repurchase program. For fiscal 2027, Steris expects 7-8% revenue growth and adjusted earnings of $11.10 to $11.30 per share.

MOSAIC (MOS [https://seekingalpha.com/symbol/MOS]): plunged after posting a Q1 loss and cutting its production guidance [https://seekingalpha.com/news/4590345-mosaic-reports-mixed-q1-results-initiates-q2-and-reaffirms-fy-outlook] due to the negative impact of higher costs.

ZEBRA TECHNOLOGIES (ZBRA [https://seekingalpha.com/symbol/ZBRA]): surged after first-quarter results beat estimates [https://seekingalpha.com/news/4591067-zebra-technologies-beats-top-line-and-bottom-line-estimates-initiates-q2-and-updates-fy26-outlook] and the company raised its full-year outlook.

EARNINGS NEXT WEEK

As Q1 earnings season continues into mid-May, many important reports are expected from key companies in specialty retail, tech, and apparel. Investors are focusing on consumer health and semiconductor trends.

The impending schedule features retail giants The Home Depot (HD [https://seekingalpha.com/symbol/HD]), Lowe's (LOW [https://seekingalpha.com/symbol/LOW]), Walmart (WMT [https://seekingalpha.com/symbol/WMT]), Target (TGT [https://seekingalpha.com/symbol/TGT]), The TJX Companies (TJX [https://seekingalpha.com/symbol/TJX]), and Ross Stores (ROST [https://seekingalpha.com/symbol/ROST]). Concurrently, tech sector momentum will be heavily dictated by NVIDIA (NVDA [https://seekingalpha.com/symbol/NVDA]) alongside key hardware data from Analog Devices (ADI [https://seekingalpha.com/symbol/ADI]) and Keysight Technologies (KEYS [https://seekingalpha.com/symbol/KEYS]).

Other major reports on deck include updates from Intuit (INTU [https://seekingalpha.com/symbol/INTU]), Workday (WDAY [https://seekingalpha.com/symbol/WDAY]), Take-Two Interactive (TTWO [https://seekingalpha.com/symbol/TTWO]), Ralph Lauren (RL [https://seekingalpha.com/symbol/RL]), Deckers Outdoor (DECK [https://seekingalpha.com/symbol/DECK]), and Hasbro (HAS [https://seekingalpha.com/symbol/HAS]). Finally, industrial leaders Deere & Company (DE [https://seekingalpha.com/symbol/DE]) and Nordson (NDSN [https://seekingalpha.com/symbol/NDSN]) are prepared to provide a definitive check on global manufacturing and infrastructure health.

MORE ON MARKETS:

* Applied Materials, Inc. (AMAT) Q2 2026 Earnings Call Transcript [https://seekingalpha.com/article/4904906-applied-materials-inc-amat-q2-2026-earnings-call-transcript]
* The AI Power Bottleneck Makes Constellation Energy A Strong Buy [https://seekingalpha.com/article/4905011-the-ai-power-bottleneck-makes-constellation-energy-a-strong-buy]
* Zebra Technologies Sees Growth Tailwinds Driven By Industrial Reshoring [https://seekingalpha.com/article/4904608-zebra-technologies-sees-growth-tailwinds-driven-by-industrial-reshoring]
* Applied Materials expects Q3 revenue of $8.95B and non-GAAP EPS of $3.36 as it forecasts semiconductor equipment growth of more than 30% in 2026 [https://seekingalpha.com/news/4593566-applied-materials-expects-q3-revenue-of-8_95b-and-non-gaap-eps-of-3_36-as-it-forecasts]
* Applied Materials pops as Q2 results, guidance top estimates [https://seekingalpha.com/news/4593071-applied-materials-pops-as-q2-results-guidance-top-estimates]