Earnings Season Global: Beats, Misses and Guidance — 2026-09-04
Lululemon shares plunged nearly 18% after a revenue miss overshadowed a profit beat, while Guidewire sank despite beating Q4 estimates due to disappointing growth outlooks. Meanwhile, Concrete Pumping Holdings surged 14% on strong Q3 results and raised guidance, and Five Below saw analyst upgrades following better-than-expected Q2 earnings.
Earnings Season Global: Beats, Misses and Guidance — 2026-09-04
Top developments
Lululemon Shares Sink on Revenue Shortfall
Lululemon Athletica reported fiscal second-quarter 2026 earnings of $2.92 per share on revenue of $2.42 billion, beating profit expectations but missing sales forecasts due to weakened demand in North America. The stock fell 17.81% in after-hours trading to $100.08, dropping below its 52-week low as investors focused on the top-line miss rather than the EPS beat.
Guidewire Beats Estimates but Outlook Disappoints
Guidewire reported adjusted EPS of $0.99, beating consensus by 6.45%, and revenue of $411.08 million, which exceeded forecasts by 2.07%. Despite the beat, shares sank as investors reacted negatively to the company's growth outlook, highlighting that forward guidance remains a critical driver for software valuations.
Concrete Pumping Holdings Rallies on Strong Guidance
Concrete Pumping Holdings posted third-quarter fiscal 2026 earnings of $0.09 per share on revenue of $116.8 million, surpassing Wall Street estimates of $0.08 and $109.66 million respectively. The stock jumped 14.36% in after-hours trading to $10.35, driven by the earnings beat and higher full-year guidance.
Five Below Analysts Raise Forecasts After Q2 Beat
Five Below beat Q2 estimates and raised its FY26 guidance, with an EPS outlook of $9.83–$10.31 and revenue of $5.63B–$5.71B. Following the report, analysts boosted their price targets for the stock, reflecting confidence in the retailer's performance.
eGain Beats EPS but Shares Fall on Guidance
eGain reported Q4 2026 results that beat EPS estimates, but shares sank after hours as the company provided mixed guidance for the upcoming quarter. The company expects total revenue between $20.9 million and $21.4 million for Q1 FY2027, with non-GAAP net income projected at $1.4 million to $2 million.
Local view
German Media Highlights Amgen’s Strong Performance
German financial outlet ad-hoc-news.de reported that Amgen shares rose following strong Q2 results and an elevated annual forecast. The coverage noted that analysts are adjusting price targets as the healthcare giant prepares to present at a key conference in September 2026.
Context & numbers
S&P 500 Earnings Scorecard
As of late August 2026, with 88% of S&P 500 companies reporting actual results, 86% have reported a positive EPS surprise and 76% have reported positive revenue surprises. The blended earnings growth rate for Q2 2026 stands at 50.4%, significantly higher than initial estimates.
On the radar
- Amgen Conference Presentation: Amgen is scheduled to present at a major healthcare conference in September 2026, where further details on their raised guidance may be discussed.
- Hyundai Sales Data: Hyundai Motor America reported August 2026 sales of 86,977 units, a 2% decrease year-over-year, with hybrid vehicles continuing to drive the lineup's strength.
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