Earnings from 12 S&P 500 companies this week offered a broad view of the U.S. economy. The earnings reporting cycle was dominated by the consumer discretionary, staples, and information technology sectors.
Of the 12 S&P 500 constituents that reported, 100% surpassed analyst EPS expectations. The results, largely driven by the consumer and IT sectors, saw 9 companies achieve year-over-year earnings growth.
Revenue performance was a mixed bag: 7 companies beat estimates, 4 missed, and 1 was in-line with results. However, the broader trend remained positive, with 9 companies reporting year-over-year revenue gains.
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Let’s take a look at some of the companies that reported earnings this week:
Broadcom (AVGO) delivered a blockbuster Q1 2026 report, sending the stock up 4.2% during the session following the report, with revenue surging 29% to $19.3 billion, fueled by an explosive 106% jump in AI semiconductor sales. Looking ahead, Broadcom said it expects second-quarter revenue to be approximately $22B, with adjusted EBITDA around 68%. Analysts had expected $20.5B in second-quarter sales. Management’s confidence was underscored by a new $10 billion share repurchase authorization and its “strong” outlook for 2027, which is indicative of continued heavy levels of spending on artificial intelligence.
Costco’s (COST) dipped slightly in postmarket trading on Thursday after disclosing its fiscal second-quarter earnings report. Total sales rose by 9.2% to $69.6 billion, outpacing other major retailers such as Walmart and Target. Comparable sales increased by 7.4%, surpassing the expected 6.7%. E-commerce sales grew by 22.6%. Membership fee income remained a powerhouse, climbing 13.6% year-over-year to $1.35 billion, as the warehouse giant expanded its global footprint to 924 locations.
CrowdStrike (CRWD) stock responded with a sharp 6.8% gain on Tuesday after reporting record net new Annual Recurring Revenue (ARR) of $331 million for Q4 2026. The company officially crossed the $5 billion total ARR milestone and provided bullish guidance for 2027, citing strong adoption of its AI-native Falcon platform.
Target’s (TGT) stock surged 12.1% on Tuesday, fueled by an earnings beat and bullish 2026 guidance. Comparable sales fell 2.5%, slightly worse than estimates, but the bottom line improved due to reduced shrink and costs, leading to an adjusted profit of $2.44 per share. Under new CEO Michael Fiddelke, Target expects ~2% net sales growth in FY26, with earnings projected between $7.50 and $8.50 per share, with a midpoint of $8.00 that exceeds the $7.63 forecast. For Q1, TGT anticipates adjusted EPS to be steady or slightly higher than last year’s $1.30.
Kroger (KR) posted solid Q4 2025 results, with identical sales (excluding fuel) rising 2.4% for the quarter to come in slightly behind the expectation of analysts for a rise of 2.5% and adjusted EPS of $1.28 vs. $1.20 consensus and $1.14 a year ago. The report saw a massive $2 billion increase in the company’s share repurchase authorization.
Best Buy (BBY) reported a mixed Q4 2025, missing revenue estimates with $13.81 billion in sales but delivering a surprise beat on the bottom line with $2.61 adjusted EPS. Looking ahead, Best Buy (BBY) sees FY27 revenue of $41.2B to $42.1B (midpoint $41.465B) vs. $42.2B consensus and adjusted diluted EPS of $6.30 to $6.60 (midpoint $6.45) vs. $6.65 consensus. Despite the revenue miss and conservative guidance for the upcoming year, the stock soared 13.3% on the day of release.
Norwegian Cruise Line Holdings (NCLH) shares tumbled 10.1% on Monday following a mixed Q4 scorecard that saw a bottom-line beat overshadowed by a disappointing revenue miss. While the company exceeded profit expectations for the quarter, the stock faced a sharp sell-off due to a weak 2026 outlook. Norwegian now projects full-year 2026 adjusted EPS of $2.38, well below the $2.58 analyst consensus, and adjusted EBITDA of $2.95 billion.
Earnings next week
The upcoming earnings reports will focus on the information technology, consumer staples, and consumer discretionary sectors. Key reports are expected from Oracle (ORCL), Adobe (ADBE), and Hewlett Packard Enterprise (HPE).
Retailers Ulta Beauty (ULTA) and Dollar General (DG), along with Campbell’s Company (CPB) and Lennar (LEN), will also report, highlighting the consumer pulse.
Consumer staples ETFs: (NYSEARCA:VDC), (NYSEARCA:FXG), (NYSEARCA:IYK), (NYSEARCA:KXI), (NYSEARCA:FSTA), (NASDAQ:PSL).
Tech ETFs: (VGT), (XLK), (IYW), (FTEC), (IXN), and (RSPT).
Consumer Discretionary ETFs: (XLY), (VCR), (FXD), (FDIS), (RSPD), and (RXI).
S&P 500 ETFs: (SPY), (VOO), (IVV), (RSP), (SSO), (UPRO), (SH), (SDS), (SPXU), (FXAIX), (VFIAX), (VFFSX), and (SWPPX).