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Third quarter earnings season is in full swing this week, with corporate results dropping from Big Tech heavy-hitters Microsoft (MSFT), Alphabet (GOOG, GOOGL), and Amazon (AMZN).
Read more: Follow Microsoft earnings live updates here.
Aside from Big Tech, industries from oil to chips to pharmaceuticals will be represented, as Exxon Mobil (XOM), Intel (INTC), Boeing (BA), Ford (F), and Eli Lilly (LLY) also open their books.
It’s shaping up to be another strong earnings season. According to FactSet data, nearly a quarter of S&P 500 companies have already reported Q3 earnings so far, with an overall earnings growth rate of 29.5%. If that rate holds, it will mark the third straight quarter of earnings growth above 25%.
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ServiceNow stock plunges on earnings miss
ServiceNow (NOW) stock plunged 15% after the company missed earnings expectations.
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Here’s what the enterprise software company reported in Q3, versus analyst estimates compiled by S&P Global Market Intelligence:
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Revenue: $4.1 billion, versus estimates of $4.09 billion
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Earnings per share: $0.27, versus estimates of $0.35 per share
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Q3 remaining performance obligations (backlog): $13.65 billion, representing 20.5% year-over-year growth
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Guidance: ServiceNow raised its forecast for 2026 subscription revenues to $15.78 billion to $15.79 billion.
“This was more than another beat-and-raise quarter for ServiceNow, this was the inflection point for ServiceNow as the Super Intelligence Control Tower,” CEO Bill McDermott said in the earnings release. “Our customers have validated our strategic relevance as the single harness for enterprise intelligence and security.”
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Alphabet’s stakes in SpaceX and Anthropic cost it this quarter
Alphabet (GOOGL, GOOG) profit took a hit from an unusual place: its stakes in other companies.
Those holdings include about 14% of Anthropic (ANTH.PVT) and a piece of SpaceX (SPCX). They supplied about $6 of Alphabet’s $9.11 in per-share profit in the second quarter. In the third quarter, a nearly $9 billion loss on them cut earnings by $0.55 a share, to $2.12.
Earnings per share by quarter, US dollars · Alphabet, Yahoo Finance The filing that shows which stakes fell isn’t out yet, but SpaceX stock dropped about 12% during the quarter.
Watch Anthropic’s IPO, which could start trading as soon as Nov. 16. Once it’s public, Alphabet will value that stake at the market price every quarter.
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Chipotle stock pops on sustained sales momentum in Q3
Chipotle (CMG) reported third quarter earnings on Wednesday after market close that were better than the Street expected as the restaurant chain sustained sales momentum following slower sales growth since the first quarter of 2025.
Chipotle posted a 2.1% gain in same-store sales, higher than the 1.5% gain Wall Street expected. It posted adjusted earnings of $0.27 per share, slightly below the $0.29 per share expected.
“Three consecutive quarters of positive comparable transaction growth demonstrates that our Recipe for Growth strategy is working,” CEO Scott Boatwright wrote in the release, adding that the company saw traction around its menu and digital innovation, high-efficiency equipment rollout and global expansion.
The stock rose 2%. Year to date, shares are down 20%.
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Google Q3 sales fall short of expectations, stock plunges
Yahoo Finance’s Daniel Howley reports:
Google (GOOG, GOOGL) reported its third quarter earnings after the bell on Wednesday, missing revenue projections on lower-than-anticipated advertising sales.
Google saw earnings per share (EPS) of $2.12 on revenue of 127.58 billion. Analysts were looking for EPS of $3.01 on revenue of $127.93 billion. Revenue excluding traffic acquisition costs came in at $111.21 billion. Wall Street was anticipating $111.29 billion.
Google’s advertising segment saw sales of $82.01 billion versus expectations of $83.5 billion, while its cloud unit brought in $30.71 billion. Analysts were projecting revenue of $29.1 billion.
The results come just hours after the company debuted its latest frontier AI model.
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Ford reports Q3 earnings beat, tightens lower end of profit forecast but sees $4 billion in EV losses for year
Yahoo Finance’s Pras Subramanian reports:
Ford (F) reported third quarter earnings that topped estimates and upped the lower end of its profit guidance. The company still sees EV losses piling up by the end of the year.
For the quarter, Ford reported automotive revenue of $46.1 billion vs. $46.2 billion, per Bloomberg consensus, with adjusted EPS of $0.49 vs. $0.41, and adjusted EBIT (earnings before interest and taxes) of $2.66 billion vs. $2.38 billion.
Ford tightened the low end of its full-year adjusted EBIT guidance to between $10.5 billion and $11 billion (from $10 billion to $11 billion seen prior); analysts projected full-year adjusted EBIT of $10.52 billion. Ford’s adjusted free cash flow guidance remained at $6 billion to $7 billion.
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Vertiv stock soars as company’s role in AI boom expands
Vertiv (VRT) stock surged 15% in premarket trading as the data center infrastructure player showed it continues to benefit from the massive capex spending from the likes of Google (GOOG) and Microsoft (MSFT).
“We are in the middle of the largest infrastructure buildout and it’s accelerating,” Vertiv’s CEO Giordano Albertazzi said. “The demands on data center infrastructure are evolving faster than ever, and Vertiv’s role in that buildout keeps expanding.”
Vertiv makes power and cooling hardware for data centers and enterprise networks. As AI fuels demand for this infrastructure, Vertiv said its orders have doubled year over year. The company counts Alphabet, Microsoft, Nvidia (NVDA), and Amazon (AMZN) among its customers, per S&P Global Market Intelligence.
That demand, plus strong third quarter results, have given Vertiv the confidence to raise its full-year outlook. In 2026, the company expects net sales of $14.45 billion to $14.85 billion, up from $13.8 billion to $14.2 billion.
Adjusted diluted earnings per share are expected to be $7.10-$7.20 for the year, representing earnings growth of 69%-71%. The midpoint of that range is above the $6.73 per share forecast Wall Street analysts penciled in.
In the third quarter, Vertiv reported net sales of $4.31 billion, beating Wall Street’s expectations of $3.76 billion. Adjusted diluted earnings per share of $2.21 grew 78% year over year, also beating estimates of $1.82 per share.
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Robinhood stock falls 7% after earnings miss despite record trading volumes
Robinhood (HOOD) reported a weaker-than-expected third quarter profit on Tuesday as declining interest income and rising expenses weighed on the online brokerage despite record trading activity in stocks, options, and prediction markets.
The company reported net income of $476 million, down 14% from a year earlier, while diluted earnings per share fell 16% to $0.51. Revenue rose 12% to $1.42 billion. Analysts had expected earnings of $0.57 per share and revenue of $1.43 billion, according to data compiled by Bloomberg.
Robinhood stock fell 8% in premarket trading on Wednesday. The stock has slumped more than 15% since the start of 2026 through Tuesday’s close, putting it on pace for its worst annual performance since 2022.
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SK Hynix profit jumps 632%, memory chipmaker sees shortage lasting to 2030
US-listed shares of SK Hynix (SKHY) rose 8% in premarket trading on Wednesday, after the memory maker’s record profit and revenue quelled recent investor worries over the AI trade.
South Korean SK Hynix shares (000660.KS) jumped 10% while peer Samsung Electronics (005930.KS) gained 5%. US-based Micron (MU) also rose 2%.
The South Korea-based company reported a 328% jump in quarterly revenue to roughly $78.7 billion, while operating profit surged 632% to about $62.7 billion, delivering an 80% operating margin. Revenue and operating profit increased by 32% and 38%, respectively, from the previous quarter.
Growth was driven by surging AI data center demand, higher memory prices, and early shipments of HBM4, which SK Hynix expects to replace HBM3E as its mainstream product.
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UPS stock jumps on quarterly results, CEO says ‘outlook for holiday demand is strong’
United Parcel Service (UPS) stock rose 2% on Tuesday after the courier posted third quarter results and raised its full-year guidance, signaling solid demand during the upcoming holiday season.
Revenue is expected to come in at $92.6 billion this year, up from a prior forecast of $91.2 billion. UPS also increased its adjusted earnings guidance.
Despite inflation pressures and high diesel costs, UPS is optimistic heading into the last few months of the year.
“US consumers remain resilient and the outlook for holiday demand is strong,” CEO Carol Tomé said on the company’s earnings call.
The company is in the middle of a multiyear turnaround plan aimed at cost-cutting and reconfiguring its delivery network.
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JetBlue shares jump on Q3 results and 2027 outlook
Investing.com reports:
JetBlue Airways (JBLU) shares rose more than 14% in premarket trading on Tuesday following the release of third-quarter results and guidance for 2027. The airline reported a loss per share of $0.60, compared to analyst estimates of $0.54. Revenue reached $2.81 billion, slightly below the $2.83 billion consensus estimate.
The airline posted an operating margin of negative 5.1% for the quarter. Operating revenue totaled $2.81 billion while operating expenses came in at $2.96 billion. The company’s operating revenue increased 21% year-over-year.
Chief Executive Officer Joanna Geraghty said resilient demand and strong yields drove revenue ahead of initial expectations, allowing the company to offset more of the fuel cost increases than anticipated. She noted that Fort Lauderdale continues to deliver strong results even as the company grows capacity in that market.
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Coca-Cola raises earnings outlook as North America business slows
Yahoo Finance’s Brooke DiPalma reports:
Coca-Cola (KO) posted better-than-expected third quarter results and raised its earnings outlook, but the company saw slowing demand in its North American business.
Coca-Cola stock traded lower in early trading.
The company posted adjusted earnings of $0.91 per share, above the $0.88 expected by Wall Street analysts, alongside revenue of $13.4 billion, also higher than estimates of $12.9 billion.
Overall unit case volume grew by 5%, more than the roughly 3% expected. The increase was once again led by Coke Zero, which grew roughly 16% year over year. Diet Coke and Coca-Cola Light grew by 6%.
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Boeing stock falls on softer-than-expected Q3 results
Boeing (BA) shrank its quarterly losses and generated cash flow in the third quarter, but its top- and bottom-line results missed Wall Street’s expectations.
Revenue of $24.1 billion and an adjusted loss per share of $0.34 came in below estimates of revenue of $24.3 billion and a loss of $0.20 per share.
The company’s commercial airplane unit faced higher costs in its supply chain and for production as well as a $700 million charge on its 777X program. As a result, its operating margin in that segment fell to -6.5%.
“Backlog reached a record $745B. The 737-7 and 737-10 FAA certifications and F/A-XX award are meaningful milestones, though BCA margin deterioration to -6.5% from Q2’s -2.7% introduces uncertainty around the recovery pace,” CFRA analysts wrote in a note following the results.
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SoFi stock surges on ‘exceptional’ quarter, guidance raise
SoFi (SOFI) stock surged 10% in premarket trading on Tuesday after the online financial services provider lifted its 2026 outlook and reported strong results for the third quarter.
Here’s what SoFi reported for Q3, compared to Wall Street analyst estimates compiled by S&P Market Intelligence:
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Revenue: up 45.9% year over year to $1.39 billion, above estimates of $1.26 billion.
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Adjusted earnings: $0.18, above estimates of $0.17.
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Updated 2026 guidance: SoFi now expects net revenue of $5.04 billion in 2026, reflecting a 40% year-over-year increase. Adjusted EBITDA is now expected at $1.66 billion of adjusted EBITDA, and earnings per share are forecast at $0.61. Wall Street analysts were expecting 2026 earnings per share of $0.59.
The company also introduced 2027 guidance, guiding for $0.90 of earnings per share, which is above the Street’s estimate of $ 0.82.
“We had exceptional Q3 results against the backdrop of any environment, but they are even more remarkable given how 2026 has unfolded,” CEO Anthony Noto said. “Our focus is simple. We are adding more members, who are using more products, and generating more revenue per product to create the most value for our shareholders over the long run. In less than a decade, we have transformed SoFi from a single-product company into an everything financial app with eight different businesses each generating over $100 million in annualized revenue.”
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Inflationary environment drives softer quarter for Whirlpool
Whirlpool posted another mixed quarter as inflation and lower demand in North America took a toll.
“What is new and different is the increasingly inflationary environment that has happened from Q2 into Q3, as well as the impact of volume deleveraging which is driven by the softer demand that we have in the North America industry,” Whirlpool CFO Roxanne Warner told Yahoo Finance, adding that the team is focusing on what it can control.
In the third quarter, the company reported revenue declined by nearly 9% to $3.68 billion, which was below estimates of $3.91 billion. The company reported an adjusted loss per share of $0.21, lower than the adjusted earnings per share estimate of $0.76, per Bloomberg consensus data
Warner said that the industry hasn’t caught up to the “full impact of the inflationary pressures from 2022,” with inflation up 12% since then.
For that reason, the company plans to raise prices for the third time this year, now by 7% in the fourth quarter. That follows its largest price increase in history in April, at 10%, and a 4% increase in its list prices in July.
Revenue for major appliances in its North America business fell 8.3% year over year to $2.5 billion, below Wall Street’s expectations.
Whirlpool’s small domestic appliance business fell almost 1% to $286 million, below the expected $314 million. However, the company said that in the third quarter, some items sold out, leading to roughly 40% year-over-year growth in US orders in October.
