Earnings Season Global: Beats, Misses and Guidance — 2026-09-11
Adobe shares fell despite a surge in AI revenue as cautious guidance overshadowed strong Q3 results, while RH saw its stock jump on a significant profit beat. In Europe, Siemens raised its full-year outlook following a strong Q3 performance, though its shares dipped. Meanwhile, Zumiez suffered a 16% drop after missing earnings estimates and issuing weak guidance.
Earnings Season Global: Beats, Misses and Guidance — 2026-09-11
Top developments
Adobe Q3 FY2026: AI Revenue Soars, Stock Falls on Cautious Guidance
Adobe reported strong third-quarter fiscal 2026 results with significant growth in AI-related revenue, but the stock declined due to cautious forward-looking statements. The disconnect between current performance and future outlook highlights ongoing investor sensitivity to macroeconomic headwinds in the software sector.
RH Posts Big Q2 2026 Profit Beat; Shares Jump After Hours
RH (Restoration Hardware) exceeded profit expectations for the second quarter of 2026, leading to a sharp rise in its share price during after-hours trading. This beat contrasts with the mixed sentiment seen in other retail sectors this week.
Zumiez Tumbles 16% on Earnings Miss and Weak Guidance
Apparel retailer Zumiez saw its shares plummet 16% following a miss on earnings expectations and the issuance of weak guidance for the coming quarters. The sell-off underscores the pressure facing mid-cap retailers amid shifting consumer spending patterns.
Siemens Raises Outlook After Strong Q3 Performance
Siemens reported significant increases in order intake, revenue, and earnings for its third quarter and raised its full-year guidance. Despite the positive operational news and upgraded outlook, the company's shares experienced a slight decline, possibly reflecting broader market volatility or valuation concerns.
Cummins Inc. Shares Rise on Revenue Growth and Raised Guidance
Cummins Inc. saw its stock price rise to $560.93 USD as of September 7, 2026, after reporting a 9.4% year-over-year increase in Q2 2026 revenue and raising its annual forecast. Investors are now focusing on margins and new battery orders as key drivers for future performance.
Local view
In Japan, GMO Financial Group (GMO-FG) revised its full-year operating profit forecast upward to ¥2.9 billion from ¥2.8 billion for the fiscal year ending September 2026. The revision was driven by strong performance in its SME (Small and Medium Enterprise) merchant segment.
In Germany, financial media noted that Hornbach Holding benefited from robust demand and additional store openings in the second quarter of its 2026/27 fiscal year, contributing to a positive morning briefing on European equities.
Context & numbers
For the third quarter of 2026, S&P 500 companies are expected to report year-over-year earnings growth of 28.5%. Looking ahead to Q4 2026, analysts project earnings growth of 26.1% and revenue growth of 11.6%.
The global chip manufacturing industry showed strong growth in Q2 2026, with the total revenue of the world’s top 10 chip foundries reaching nearly $53.49 billion, an 11.5% increase from the previous quarter. TSMC maintained a dominant 72.5% market share.
On the radar
- Avery Dennison: The stock is under scrutiny following lowered EPS estimates for Q3 2026 by Zacks Research on September 8, despite a solid Q2 2026 beat where EPS reached $2.89 and revenue hit $2.46 billion.
- BioLargo: Reported flat EPS in Q2 2026 but missed revenue estimates, indicating continued challenges for small-cap biotech firms this season.
- LightPath Technologies: Topped revenue expectations for Q4 2026, offering a bright spot for optical component suppliers.
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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