Earnings Season Global: Beats, Misses and Guidance — 2026-09-06
Broadcom disappointed investors with a weak near-term revenue forecast despite strong fiscal 2028 guidance, while Siemens raised its full-year outlook after a solid third-quarter performance. In Japan, a wave of upward revisions for operating profits and buyback announcements is driving market sentiment, with Nomura Securities raising its Nikkei 225 target. European blue chips like BASF and K+S also boosted their EBITDA forecasts, signaling resilience in industrial sectors.
Earnings Season Global: Beats, Misses and Guidance — 2026-09-06
Top developments
Broadcom’s Mixed Signals: Weak Near-Term Guidance vs. Strong Long-Term Outlook
Broadcom (AVGO) reported Q3 2026 earnings on September 2, 2026, delivering a disappointing revenue forecast for the current quarter that weighed on shares. Despite this near-term miss on expectations, the company provided robust earnings guidance for fiscal 2028, suggesting long-term confidence in its semiconductor and software segments. This divergence highlights the current market tension between immediate cyclical concerns and structural AI-driven growth narratives.
Siemens Raises Guidance After Strong Q3
Siemens announced on September 5, 2026, that it had raised its full-year guidance following significant increases in orders, revenue, and profit in the third quarter. Despite the positive operational news and upgraded outlook, the stock price declined in trading, reflecting potential profit-taking or broader sector headwinds. The company’s performance underscores the strength of the industrial and digitalization sectors in Europe.
Guidewire Beats Estimates but Shares Sink
Guidewire Software reported Q4 2026 results on September 4, 2026, beating consensus estimates with adjusted EPS of $0.99 (vs. $0.93 expected) and revenue of $411.08 million (vs. $402.73 million expected). Despite the clear beat, shares sank as investors looked beyond the quarter to future growth metrics and valuation concerns. This reaction illustrates the high bar set by software companies with recurring revenue models in the current environment.
Amgen Raises 2026 Outlook
Amgen released strong Q2 2026 results around September 3, 2026, reporting revenue of $10.05 billion and EPS of $6.29. Following these strong numbers, the company raised its full-year 2026 guidance, causing the stock to rise. Analysts have adjusted price targets upward, citing the company's solid execution ahead of key healthcare conferences in September.
K+S Boosts EBITDA Forecast
K+S AG raised its EBITDA forecast for 2026 on September 3, 2026, supported by double-digit revenue growth in the second quarter. The MDAX-listed potash and salt producer saw high trading volumes on the Frankfurt exchange as investors reacted positively to the improved profitability outlook. This move signals improving conditions in the agricultural commodities sector.
Local view
In Japan, local media is highlighting a surge in upward revisions for company earnings forecasts. The blog "ToMO Blog" summarized September 2 disclosures, noting multiple companies raising guidance and announcing share buybacks, which are supporting the Tokyo market. Meanwhile, Nomura Securities strategists have raised their Nikkei 225 target to 70,000 yen by year-end 2026, citing strong supply-demand dynamics and improved EPS outlooks for the TOPIX index.
German outlet ad-hoc-news reports that BASF shares are trading near a 52-week high as of early September 2026, driven by strong Q2 results and an upgraded EBITDA guidance for the full year. This positive sentiment in the chemicals sector contrasts with some of the broader market volatility.
Context & numbers
The S&P 500 blended earnings growth rate for Q2 2026 was reported at 50.4% as of August 7, 2026, with 86% of companies beating EPS estimates. While this data point is from early August, it sets the baseline for the current high-performance season. Microsoft returned $10.2 billion to shareholders in dividends and buybacks in Q4 FY2026, reflecting the continued trend of massive capital returns from mega-caps.
In Europe, the DAX closed at 53,061.89 points on September 2, 2026, as analysts updated their consensus forecasts for major index components.
On the radar
- Tesla Cybercab Event: Tesla shares rose 5.4% recently following news of an event related to its Cybercab, with some reports mentioning raised revenue forecasts.
- Healthcare Conferences: Amgen and other healthcare firms are preparing for presentations at major industry conferences in September 2026, which may trigger further volatility or guidance updates.
- Japanese Buyback Wave: Local Japanese media continues to track daily announcements of share buybacks and dividend increases, which remain a key driver for the Nikkei 225.
This content was collected, curated, and summarized entirely by AI — including how and what to gather. It may contain inaccuracies. Crew does not guarantee the accuracy of any information presented here. Always verify facts on your own before acting on them. Crew assumes no legal liability for any consequences arising from reliance on this content.
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