AT&T (T 23.23, +0.97, +4.4%) beat EPS expectations by $0.06, reported revenues in-line, and reaffirmed its FY26 EPS guidance.
Capital One (COF 206.52, +0.30, +0.2%) beat EPS expectations by $1.14 and reported revenues in-line.
Super Micro Computer (SMCI 29.37, +3.87, +15.2%) guided its June Q revenues to the low end of guidance, but raised gross margin guidance. The company’s backlog rose to record levels.
While the company guided Q4 (Jun) revenue to be at the low end of its prior guidance of $11.0-$12.5 billion, investors focused on a much stronger-than-expected profitability outlook. What stood out was SMCI saying it now expects both GAAP and non-GAAP gross margins of 15%-17%, well above its previous guidance of 8.2%-8.4%, citing a more favorable customer and product mix. Additionally, record backlog at the end of FY26 and more than $60 billion of new Q4 orders suggest demand is not the issue; instead, the debate shifts toward timing of deliveries and how much of that order book can convert into revenue over the next few quarters.
GE Vernova (GEV 1,015.01, -63.80, -5.9%) missed EPS expectations by $0.70, beat revenue expectations, and raised FY26 revenues above consensus.