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| 25.02.26 21:00:52 |
Stock market today: Dow, S&P 500, Nasdaq rally on tech jolt as Nvidia earnings loom |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
US stocks rallied on Wednesday as Wall Street was led higher by tech stocks while bracing for Nvidia's crucial earnings report.
The Nasdaq Composite (^IXIC) led the way up, gaining nearly 1.3%, coming on the heels of a strong Tuesday session that saw investors rotate back into technology shares. Meanwhile, the S&P 500 (^GSPC) climbed by roughly 0.8%, while the Dow Jones Industrial Average (^DJI) gained roughly 0.6%.
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With earnings still rolling on, eyes now turn to Nvidia's (NVDA) quarterly results, due Wednesday after the bell, alongside earnings from Salesforce (CRM) and Snowflake (SNOW). The reports arrive as investors reassess elevated tech valuations and scrutinize heavy AI-related capital spending by hyperscalers.
AI disruption remains in focus, with spirits once again upbeat after AI startup Anthropic introduced new enterprise capabilities on its Claude platform, allowing integration with corporate applications such as Google (GOOG) Drive, DocuSign (DOCU), and LegalZoom (LZ).
Elsewhere, (CRCL) stock surged by more than 30% on Wednesday after the stablecoin issuer posted an increase in fourth quarter revenue. Home improvement group Lowe's (LOW) beat Wall Street estimates, but shares fell as guidance disappointed.
Meanwhile, setting the tone for the week, President Trump delivered his 2026 State of the Union address Tuesday night. After Trump experienced the first major legal pushback to his tariffs over the past week, the address saw Trump rail against the Supreme Court while pushing forward on his plans.LIVE22 updates
5 mins ago
Brooke DiPalma
Cava stock surges 26% as the chain homes in on its value perception
Cava (CAVA) posted earnings and revenue beats in its fourth quarter results, sending the stock up nearly 30% on Wednesday.
In the fourth quarter, revenue grew to $278 million, more than the $268 million Wall Street predicted, according to Bloomberg consensus data. Adjusted earnings beat too, coming in a penny higher than expectations. Same-store sales increased 0.5%, ahead of the Street's forecast for a decline of 1.36%.
“In a dynamic environment, consumers are gravitating toward brands delivering real value every day. CAVA’s disciplined execution, differentiated Mediterranean cuisine, and commitment to hospitality continue to drive strong demand and reinforce the durability of our model," Brett Schulman, Cava co-founder and CEO, told Yahoo Finance.
In the third quarter, Schulman said that Gen Z customers visited Cava restaurants less frequently and the company was seeking to improve its "relative value proposition every year."
Now, by focusing on customer loyalty and menu innovation (with items like pomegranate-glazed salmon, set to launch this quarter), the company said it has improved its value perception despite a 1.4% increase in menu prices in January of this year.
"The robust performance of new units in both new and existing markets speaks to the ultimate opportunity for CAVA to become a much larger brand relative to roughly 440 locations today," William Blair analyst Sharon Zackfia wrote in a note to clients. 14 mins ago
Ines Ferré
Dow, S&P 500, Nasdaq rise ahead of Nvidia earnings
US stocks jumped on Wednesday as investors went risk-on again and braced for Nvidia's crucial earnings report.
The Nasdaq Composite (^IXIC) rose nearly 1.3% as tech stocks led the market higher. The S&P 500 (^GSPC) climbed roughly 0.8%, while the Dow Jones Industrial Average (^DJI) inched up 0.6%.
All eyes are on Nvidia's (NVDA) quarterly results due after the closing bell. The AI chip heavyweight is seen as a barometer for the AI trade.
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Ines Ferré
Lowe's stock falls as company confronts 'reality' of tariffs, sluggish housing market
Yahoo Finance's Brooke DiPalma reports:
Read more here.
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Ines Ferré
Bitcoin hovers near $69,000 as investors go risk-on
Bitcoin (BTC-USD) rose back above $69,000 on Wednesday as investors went risk-on.
The token rose more than 7% to snap a three-session losing streak ahead of Nvidia's (NVDA) earnings, seen as a barometer for the AI trade.
Ether (ETH-USD) also gained about 10% to hover above $2,000 per token as the crypto complex rose.
It has been a volatile stretch for bitcoin, which tumbled from a record high near $126,000 in October and posted four straight months of losses.
Meanwhile, Wall Street analysts have lowered their price targets for the world’s largest cryptocurrency, in what many investors are calling a crypto winter. Today at 6:58 PM UTC
Jared Blikre
Nasdaq pops, semis run, Nvidia holds the mic
It's been a gap-and-go day for the Nasdaq (^IXIC), which is on track for its best day in a couple weeks. It jumped over its 20-day moving average this morning and is now heading for it's 50-day around 23,250.
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Tech (XLK) is leading large-cap sectors today, as the Philly semiconductor index (^SOX) notched its thirteenth intraday record high of the year.
Yes, we've seen this movie before. With hindsight, the way to play these fast, tech-led rallies over the last four months would have been to fade the Nasdaq after a few days while holding on to a select group of smaller and foreign chip stocks (like TSM, WDC and SNDK).
Notably, Nvidia is not in this cohort. The chip giant has been trading sideways for over six months, and both the Nasdaq and XLK are slightly underwater year-to-date.
But Nvidia (NVDA) has perked up over the last four days and is hitting fresh three-month highs today. If Huang & Co. deliver tonight, the focus might shift back to record highs for the Nasdaq and S&P 500 (^GSPC). If not, the “rotation trade” probably stays in charge a while longer. Today at 6:51 PM UTC
Myles Udland
Citadel says the market's biggest fear about AI ruining everything 'violates accounting identities'
The thought exercise posted by Citrini Research on Substack over the weekend continues to ping around Wall Street.
In a piece published Tuesday evening, Frank Flight, macro strategist at Citadel, offered a rebuttal of sorts to the depressing scenario outlined in Citrini's post that described a not-too-distant future in which AI has displaced millions of jobs, consumer spending has plummeted, and the benefits of AI's relentless march accrue to a select few companies, their employees, and investors.
In his post, Flight takes on a number of assumptions that underpin the argument that underpins what Citrini dubbed the Global Intelligence Crisis 2028.
My favorite raises the issue of accounting identities, or simply the idea that losses from one sector of the economy show up as gains somewhere else.
We'll quote Flight at length, with their emphasis:
There is plenty of discussion in Flight's post, grounded in data, about how little hard evidence there is that AI is displacing workers.
There is plenty of discussion on LinkedIn about how AI is going to replace every worker.
But workers are the consumers of the output that your business creates. You, the worker, are on the supply and demand side of the economy, even when another day in the trenches of your firm's preferred productivity tool and a slug of Teams meetings makes you feel like a replaceable cog.
Too much is made, in my view, of the idea that members of the class of "laptop workers" are doing things that don't matter, or could be done cheaper, or by AI.
And far too little is made about the role every worker also plays in a US — and increasingly global — economy where the vast majority of growth and profits come from consumer spending. Today at 5:44 PM UTC
Brooke DiPalma
Diageo stock plunges after guidance reflects 'changing' habits, young people drinking less
Diageo (DEO) stock is down roughly 14% as the maker of Guinness cut its sale guidance,
The company expects organic revenue growth to decline 2% to 3%, more than the 1% decline Wall Street forecast, per Bloomberg consensus data.
"What's happening is the way people are choosing to engage with the category is changing, particularly for younger people," CEO Dave Lewis told investors on a call, adding, "They're making choices about where and how they choose to socialize that are different."
Lewis said the company saw strong performance in Europe, Latin America, and Africa, which was offset by a "weakening performance" in the North American market.
The company, in part, blamed the underperformance on "economic pressure" on US households, saying consumers are spending roughly 25% more on general staples than five years ago and therefore have less disposable income to spend on alcohol.
"Alcohol spending as a share of household budgets is hovering near 40-year lows — not due to price changes, but because consumption is falling," Bank of America wrote in a note to clients on Tuesday.
The firm added that the biggest shift in spending is coming from younger generations, who are spending more on working out than at bars.
"Gen Z in particular are seeing stronger spending growth for fitness and active hobbies than bars," the firm wrote. Today at 5:34 PM UTC
Jared Blikre
Nvidia earnings favor patience, not playing for a pop
At the risk of adding to the Nvidia (NVDA) earnings drumbeat, here are a few stats worth thinking about today — especially if the fate of the "whole world" truly hinges on Jensen Huang's execution.
The last ten earnings reactions the day after the report have nearly been a wash: 5 wins (averaging a 6% gain) versus 5 losses (averaging a 4% drop).
The chart below shows the median return over the last ten years, or 40 reports, an shows returns if you bought just before earnings and held for various time frames.
What jumps out is that returns are barely positive until you stretch the holding period to a full quarter, when the meian return hits 14% median return.
And the odds clearly tilt toward the long-term holders — a one-year hold after buying just before earnings carries a 93% median return with an 84% win rate.
Meanwhile, the options market is pricing in about a 5% move in either direction, versus Nvidia's average daily move of 3% over the last quarter. Today at 4:35 PM UTC
Grace O'Donnell
Netflix stock rallies after Warner Bros. Discovery's board says Paramount offer may be 'superior'
Netflix (NFLX) stock rallied on Wednesday after Warner Bros. Discovery's board of directors said that Paramount Skydance's (PSKY) revised proposal for its assets may be the "superior proposal," reigniting a bidding war that has stretched on for months.
Paramount has offered to buy Warner Bros. entirely in cash for $31 per share, most recently sweetening its deal by offering a $0.25 daily ticking fee per quarter if the deal does not close by Sept. 30 and offering to pay termination fees if regulators stop the deal from closing.
In December, Netflix agreed to buy Warner Bros. Discovery's streaming and studio assets for $27.75 per share in a deal valued at $72 billion. But that deal may no longer be the frontrunner, providing some relief to investors that skeptical of the M&A strategy
Investors say Paramount Skydance needs Warner Bros. Discovery more than Netflix does.
"The bottom line for us is that Netflix does not need this deal, and the regulatory path is unclear at best," Wedbush analyst Alicia Reese wrote in a Feb. 20 note. "Its business is entirely healthy on its own, with a burgeoning global advertising business. ... The primary benefit of an integration with Warner Bros. is the advertising opportunity. However, Netflix could walk away without injury. Paramount-Skydance may not."
Warner Bros. Discovery shares fell more than 0.5% in late morning trading, while Paramount Skydance stock rose 0.4%. Netflix stock jumped 5%. Today at 3:53 PM UTC
Jake Conley
DOE loans Southern Company $26.5 billion for power generation projects in Georgia and Alabama
Utility and power giant Southern Company (SO) received a $26.5 billion loan from the federal government for two of its subsidies to build new power generation projects in Georgia and Alabama.
Shares in Southern Company shed roughly 1.3% through mid-morning trading.
The loan package, extended by the Department of Energy, is set to finance more than 16 gigawatts' worth of power generation projects that should "deliver over $7 billion in electricity cost savings to millions of customers in Georgia and Alabama," the department said in its announcement.
The package should also "reduce Southern Company’s interest expenses by over $300 million per year, helping expedite lower electricity costs for customers," according to the announcement.
Planned projects include 5 GW of gas generation capacity, 6 GW in upgraded nuclear capacity, battery storage systems, and more than 1,300 miles of transmission and "grid enhancement" projects.
The package also marks the largest loan ever given out by the department. Today at 2:56 PM UTC
Jake Conley
Axon stock surges on earnings beat, strong federal procurement
Shares in Axon Enterprises (AXON) surged by more than 15% in the first minutes of Wednesday's trading session after the company beat earnings and revenue estimates and reported strong federal procurement spending.
Axon reported adjusted earnings per share of $2.15 per share, exceeding estimates of $1.60. Revenue for the quarter was $796.7 million, above estimates of $755.3 million. Annual bookings grew to $7.4 billion, an increase of 46% year-on-year, Axon said in its earnings report.
"There is a major opportunity across federal law enforcement or a number of our core products, as well as counter UAS (unmanned aircraft system) technology," Axon president Joshua Isner said on the company's earnings call.
In its earnings report, Axon also touted advancements under its "AI Era Plan," including embedded AI capabilities throughout its products, such as report-writing "Draft One" and the voice-activated AI companion platform "Axon Assistant."
The company noted that customers were already seeing benefits, including a "high-risk traffic stop" by the Bernalilo County Sheriff's Office, conducted with live translation delivered through Axon Assistant. Today at 2:35 PM UTC
Jake Conley
US stocks rise at Wednesday's opening bell
The US stock market gained ground after the opening bell on Wednesday with Nvidia's crucial earnings report on deck.
The Nasdaq Composite (^IXIC) led gains, picking up roughly 0.7% after a strong Tuesday session that saw investors rotate back into technology shares. Meanwhile, the S&P 500 (^GSPC) climbed by roughly 0.5%, while the Dow Jones Industrial Average (^DJI) gained roughly 0.3%
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Alongside Nvidia's fourth-quarter earnings, set for release after Wednesday's closing bell, Salesforce (CRM) and Snowflake (SNOW) will also publish their quarterly reports as investors look for potential weaknesses in tech valuations and AI-related capital spending.
Shares in Circle (CRCL) turned up by more than 20% at the open on Wednesday after the company reported an increase in fourth quarter revenue. Lowe's (LOW) beat analyst estimates, guidance below expectations sent shares falling. Today at 1:52 PM UTC
Jake Conley
US trade representative: US aims to keep tariffs on China where they are
The White House will seek to keep levies on China at the levels set before the Supreme Court decision striking down large swaths of President Trump's tariff regime, US Trade Representative Jamieson Greer said Wednesday morning.
In comments to Fox Business, Greer said the US is aiming to maintain its tariffs of 35% to 50% on goods from China — now using alternative methods.
“We expect that level to remain in place. We don’t intend to escalate beyond that," Greer said Wednesday morning. "We intend to really stick to the deal that we had before.”
On Friday, the Supreme Court ruled that the president's use of the International Emergency Economic Powers Act (IEEPA) to impose wide-ranging tariffs on foreign nations was illegal.
The White House has instituted a temporary 10% global levy since the ruling, and Greer said Wednesday morning that the US will soon be announcing a bump-up to 15% on its temporary 150-day global tariff. The administration is expected to use that window to implement new measures under other legislative authorities, such as the Trade Act's Sections 301 and 232.
President Trump will head to Beijing for a meeting with Chinese leader Xi Jinping at the end of March, where the leaders of the world's two largest economies are expected to discuss trade deals. Today at 1:18 PM UTC
Grace O'Donnell
Market structure 'more fragile' and vulnerable to a major move, Apollo's Sløk says
The market looks vulnerable to a major swing, Apollo chief economist Torsten Sløk wrote in a note Wednesday. (Disclosure: Yahoo is a portfolio company of funds managed by affiliates of Apollo Global Management.)
As artificial intelligence concerns sweep through various sectors, Sløk notes that speculative activity has picked up, the variation between individual stock names has grown larger, and stocks are moving less together. Taken together, these factors suggest confidence in the market may be
"The share of S&P 500 names moving more than 10% in a single day has increased, and high dispersion and low implied correlation suggest stocks are increasingly trading on their own fundamentals," Sløk wrote. "At the same time, options activity remains extremely elevated, consistent with heavy retail speculation and leverage-like exposure. Larger idiosyncratic moves and outsized options participation leave the market structure more fragile and more vulnerable to an abrupt, outsized move." Today at 12:26 PM UTC
Jenny McCall
Strong earnings not enough to power stocks past AI, credit worry
Despite corporate America delivering one of the strongest earnings seasons on record, you wouldn’t exactly know it by looking at the stock market.
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Bloomberg reports:
Read more here. Today at 11:51 AM UTC
Jenny McCall
Circle stock jumps after Q4 revenue rises on stablecoin growth
Circle (CRCL) stock rose 14% on Wednesday during premarket hours after reporting an increase in fourth quarter revenue, as its income from reserves got a boost from a rise in circulation of its stablecoin token, USDC.
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Reuters reports:
Read more here. Today at 9:45 AM UTC
Jenny McCall
Gold rises as traders weigh tariff risks and Middle East tension
Bloomberg News reports:
Read more here. Today at 9:34 AM UTC
Jenny McCall
First Solar stock falls after revenue guidance misses analyst expectations
First Solar (FSLR) stock sank 15% during premarket hours on Wednesday after the company, which manufactures solar panels, reported higher profit within its fourth quarter earnings but issued revenue guidance for 2026, which missed analyst expectations.
The Wall Street Journal reports:
Read more here. Today at 9:28 AM UTC
Grace O'Donnell
Workday stock plunges 9% as outlook falls short of expectations
Workday (WDAY) stock plunged around 9% during premarket hours on Wednesday after the enterprise applications company reported an adjusted earnings beat but disappointing guidance. The quarterly results come as software stocks like Workday have sold off on concerns that artificial intelligence could automate and eat away at their core businesses.
In the fourth quarter, Workday reported revenue of $2.53 billion, a 14.5% annual increase, which just managed to exceed estimates of $2.52 billion, according to S&P Global Market Intelligence. Subscription revenue hit $2.36 billion.
Adjusted earnings per share of $2.47 also beat the Street's expectations of $2.32 per share.
But Workday's subscription revenue guidance fell short of expectations. The company expects first quarter subscription revenue of $2.335 billion, suggesting a slowdown from the current quarter, and full-year subscription revenue of $9.92 billion to $9.95 billion.
Workday stock was already down more than 9% over the past five days as worries about AI disruption coursed through the sector, fueled by a doom-and-gloom report from Citrini Research.
Join the earnings call live > Today at 4:01 AM UTC
Jake Conley
Trump says US wants to make a deal in Iran but needs guarantees Iran will 'never have a nuclear weapon'
In comments on Tuesday night, President Trump said he is hoping to make a deal with Iran, but only if the Iranians are willing to pledge to never develop nuclear weapons.
“We want to make a deal but we haven't heard those secret words: ‘We will never have a nuclear weapon,'" Trump said.
"My preference is to solve this problem through diplomacy but one thing is certain: I will never allow the world’s number one sponsor of terrorism, which they are by far, to have a nuclear weapon — cant let that happen.”
Futures on US pricing benchmark West Texas Intermediate (WTI) crude (CL=F) and international benchmark Brent crude (BZ=F) ticked up by roughly 0.7% earlier in the day and remained unchanged throughout the evening.
Conflict between the two nations could threaten the Strait of Hormuz, a shipping chokepoint largely controlled by Iran that is vital to the global oil trade.
Iranian foreign minister Abbas Araghchi, who has been representing Iran in negotiations with the US, said in an X post on Tuesday that "Iran will under no circumstances ever develop a nuclear weapon."
Over the past few weeks, the US has amassed a large armada in the Gulf region, including two aircraft carriers and the largest air power buildup in the region since the country's 2003 invasion of Iraq.
During his State of the Union address Tuesday night, Trump cited Iran's military capabilities, including ballistic missiles that can reach Europe and attempts to build missiles that could reach the US, as serious national security concerns.
"I will never hesitate to confront threats to America wherever we must," Trump said Tuesday night. "We wiped it out [the Iranian nuclear program], and they want to start it up all over again."
US Special Envoy Steve Witkoff and Jared Kushner, the president's son-in-law, who are leading US negotiations, are set to meet with their Iranian counterparts in Geneva on Thursday in what is seen as a last-ditch attempt to find a diplomatic solution.
Story Continues
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| 25.02.26 18:33:10 |
Workday Q4 earnings: Why software investors are still spooked |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Workday (WDAY) reported strong fourth quarter earnings results but issued disappointing guidance. The stock was trading near 52-week lows on Wednesday morning as the artificial intelligence (AI) trade continues to disrupt the software sector (IGV).
Yahoo Finance Senior Reporter Ines Ferré chats with Opening Bid host Brian Sozzi to discuss Workday's earnings call, the future of the software industry, and more.
To watch more expert insights and analysis on the latest market action, check out more Opening Bid.
Video Transcript
00:00 Speaker A
like the market can care less about these software CEOs that come on these earnings calls and say business is going to be fine. They they just don't believe them.
00:10 Speaker B
No, and I mean, that's why you're seeing the stock down at a 52 week lows right now. uh, because the market is punishing these stocks that they believe or the companies that they believe will be disrupted by AI. And what was interesting about that earnings call, as you mentioned that uh Workday CEO talking about the fact that he doesn't see HR uh being sort of replaced by AI, this the the their platform being replaced by AI and basically saying that uh their application domains are really, really hard to build. But as you mentioned, the market is concerned about this, is weary about this and it's and the question really is about also the sort of the pricing models of some of these software companies, and will those pricing models need to change because of the subscription models that they have, uh because of the uh seat growth that they uh the their metrics for seats and is that going to change because of AI and these AI tools. Now, what CEOs have been saying is, we're going to marry AI and our applications. We are going to be merging these two and we will be offering better products. That's their that's what they're trying to highlight, but as you mentioned, investors aren't uh aren't so sure just yet.
01:27 Speaker A
And look at that Workday chart, it is absolutely dreadful. Uh quick plug for us at Yahoo Finance. I encourage you to read these earnings calls. You can watch them right now on Yahoo Finance. You can get the transcripts too. It's a great uh, great free service. Who doesn't like free?
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| 25.02.26 18:17:53 |
Workday hits over 5-year low on weak sales forecast, AI fears |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
STORY: Shares of Workday spiraled to a more than five-year low on Wednesday...after a weaker-than-expected sales forecast fanned investor worries about whether the HR software company could stay competitive in the era of AI.Workday's recent rout has made it one of the worst-performing U.S. software stocks this year.The drop in shares - down nearly 40% this year - has been fueled by concerns that AI tools launched by companies such as Anthropic would erode demand for traditional software.Workday CEO and co-founder Aneel Bhusri spent a large chunk of the post-earnings call on Tuesday trying to dispel those worries...saying, quote, "Just for what it is worth, Anthropic, Google and OpenAI all run Workday"'s platform.He added that, quote, "no amount" of AI-driven coding could replicate complex HR and payroll software.Still, about 26 analysts, more than half those covering the stock, lowered their price targets on the stock after Workday issued a softer-than-expected annual subscription revenue forecast.The company also said some large deals were taking longer to close, particularly in the government and healthcare sectors.
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| 25.02.26 18:03:03 |
Stocks Push Higher as AI-Infrastructure Companies and Chipmakers Rally |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
The S&P 500 Index ($SPX) (SPY) today is up +0.64%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.46%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.15%. March E-mini S&P futures (ESH26) are up +0.60%, and March E-mini Nasdaq futures (NQH26) are up +1.22%.
Stock indexes are moving higher today, with the S&P 500 and Nasdaq 100 posting 1.5-week highs. Strength in AI-infrastructure stocks and chipmakers is leading the broader market higher. Stocks have some carryover support from Tuesday, when AI startup Anthropic PBC eased AI disruption concerns after saying its new AI tools for its Claude Cowork agent software will integrate rather than displace existing systems. The markets await Nvidia’s earnings results after today’s close to see if the surge in artificial intelligence spending is continuing. Bloomberg estimates Nvidia’s Q4 revenue to be $65.91 billion. Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
In Tuesday night's State of the Union address, President Trump doubled down on his commitment to tariffs. President Trump’s new 10% global tariffs went into effect on Tuesday after the Supreme Court struck down his global “reciprocal” tariffs last Friday. Mr. Trump subsequently threatened to raise the global tariff rate to 15%, and an administration official said the White House is working on a formal order to implement that higher rate, but the timeline for its implementation has not been finalized. Mr. Trump is applying the 10% baseline levy under Section 122 of the 1974 Trade Act, which allows the president to impose the charge for 150 days without congressional approval.
Geopolitical risks are a negative for stocks. Tuesday evening, President Trump said Iranian officials are "again pursuing their sinister nuclear ambitions," boosting speculation that the US may be preparing a military strike on Iran in the coming days. US-Iran nuclear talks are scheduled to resume on Thursday in Geneva, and Iranian Foreign Minister Araghchi said he saw a “good chance” of a diplomatic solution to the standoff over his country’s nuclear program. Last Friday, President Trump said that he’s considering a limited military strike on Iran to ramp up pressure on the country to strike a deal over its nuclear program, and that he thought 10 to 15 days was “pretty much” the “maximum” he would allow for negotiations to continue.
US MBA mortgage applications rose +0.4% in the week ended February 20, with the purchase mortgage sub-index down -4.7% and the refinancing mortgage sub-index up +4.1%. The average 30-year fixed rate mortgage fell -8 bp to a nearly 3.5-year low of 6.09% from 6.17% in the prior week.
The market’s focus this week will be on corporate earnings results and economic news. After today’s close, Nvidia will release its earnings results. On Thursday, initial weekly unemployment claims are expected to climb by +10,000 to 216,000. On Friday, the Feb MNI Chicago PMI is expected to slip -1.8 to 52.2.
Q4 earnings season is nearing its end, with more than 88% of the S&P 500 companies having reported earnings results. Earnings have been a positive factor for stocks, with 74% of the 441 S&P 500 companies that have reported beating expectations. According to Bloomberg Intelligence, S&P earnings growth is expected to climb by +8.4% in Q4, marking the tenth consecutive quarter of year-over-year growth. Excluding the Magnificent Seven megacap technology stocks, Q4 earnings are expected to increase by +4.6%.
The markets are discounting a 2% chance for a -25 bp rate cut at the next policy meeting on March 17-18.
Overseas stock markets are higher today. The Euro Stoxx 50 rose to a new record high and is up +0.74%. China’s Shanghai Composite climbed to a 3.5-week high and closed up +0.72%. Japan’s Nikkei Stock 225 rallied to a new all-time high and closed up +2.20%.
Interest Rates
March 10-year T-notes (ZNH6) today are down by -5.5 ticks. The 10-year T-note yield is up +2.7 bp to 4.056%. T-notes are under pressure today from strength in stocks, which is curbing safe-haven demand for government debt. Also, supply pressures are bearish for T-notes as the Treasury will auction $70 billion of 5-year T-notes later today.
European government bond yields are moving higher today. The 10-year German bund yield is up +0.8 bp to 2.715%. The 10-year UK gilt yield is up +2.3 bp to 4.328%.
The German Mar GfK consumer confidence index unexpectedly fell -0.5 to -24.7, weaker than expectations of an increase to -23.0.
Swaps are discounting a 2% chance of a -25 bp rate cut by the ECB at its next policy meeting on March 19.
US Stock Movers
AI-infrastructure stocks and chipmakers are climbing today to support gains in the broader market. Western Digital (WDC) is up more than +5%, and Lam Research (LRCX) and Seagate Technology Holdings (STX) are up more than +4%. Also, KLA Corp (KLAC) and Micron Technology (MU) are up more than +3%, and ASML Holding NV (ASML), Analog Devices (ADI), Broadcom (AVGO), and Marvell Technology (MRVL) are up more than +1%.
Cryptocurrency-exposed stocks are rallying today, with Bitcoin (^BTCUSD) up more than +4%. Coinbase Global (COIN) is up more than +5%, and Strategy (MSTR) is up more than +4%. Also, Galaxy Digital Holdings (GLXY) is up more than +3%, and MARA Holdings (MARA) and Riot Platforms (RIOT) are up more than +2%.
Alcoholic beverage producers are sliding today after Diageo Plc, the maker of Guinness beer and Johnnie Walker whiskey, cut its sales guidance due to further weakness in the US market. Brown-Forman Corp (BF.B) is down more than -8%, Molson Coors Beverage (TAP) is down more than -4%, and Constellation Brands (STZ) is down more than -3%.
Circle Internet Group (CRCL) is up more than +22% after reporting Q4 total revenue and reserve income of $770 million, stronger than the consensus of $747 million.
Cava Group (CAVA) closed up more than +20% after forecasting full-year restaurant comparable sales will climb +3% to +5%, stronger than the consensus of +2.75%.
Axon Enterprise (AXON) is up more than +15% to lead gainers in the S&P 500 and Nasdaq 100 after reporting Q4 adjusted EPS of $2.15, well above the consensus of $1.56.
Albemarle (ALB) is up more than +8% to lead lithium producers higher after Zimbabwe suspended exports of lithium concentrates and raw minerals.
Lumen Technologies (LUMN) is up more than +6% after saying it is looking to expand adjusted Ebitda margins “from 27.1% in 2025 to approximately the mid 30% range by 2030.”
Oracle (ORCL) is up more than +1% after Oppenheimer upgraded the stock to outperform from perform with a price target of $185.
Oddity Tech Ltd (ODD) is down more than -53% after saying it expects its revenue for the first quarter of 2026 to decline -30% year-over-year.
GoDaddy (GDDY) is down more than -16% to lead losers in the S&P 500 after forecasting full-year revenue of $5.20 billion to $5.28 billion, the midpoint below the consensus of $5.28 billion.
MercadoLibre (MELI) is down more than -8% to lead losers in the Nasdaq 100 after saying it is heavily investing to build its own agentic AI tools, spurring concerns that the heavy spending on AI will pressure its margins.
Lowe’s (LOW) is down more than -4% after forecasting 2027 adjusted EPS of $12.25 to $12.75, below the consensus of $13.00.
Workday (WDAY) is down more than -3% after forecasting 2027 subscription revenue of $9.93 billion to $9.95 billion, weaker than the consensus of $10 billion.
Kinsale Capital Group (KNSL) is down more than -2% after BMO Capital Markets downgraded the stock to underperform from market perform with a price target of $348.
Earnings Reports(2/25/2026)
Agilent Technologies Inc (A), APA Corp (APA), Ferrovial SE (FER), Lowe's Cos Inc (LOW), NVIDIA Corp (NVDA), Paramount Skydance Corp (PSKY), Pinnacle West Capital Corp (PNW), Salesforce Inc (CRM), Synopsys Inc (SNPS), TJX Cos Inc/The (TJX), TKO Group Holdings Inc (TKO), Trade Desk Inc/The (TTD), Universal Health Services Inc (UHS), VICI Properties Inc (VICI). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. |
| 25.02.26 17:46:43 |
Workday Shares Drop 9% as CEO Says OpenAI, Google Use Its Software |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
This article first appeared on GuruFocus.
Workday (NASDAQ:WDAY) is attempting to reset the AI debate around its business at a moment when investor confidence has been shaken. After a steep selloff that has pushed the shares down about 40% this year, Chief Executive Officer Aneel Bhusri told analysts Tuesday that some of the most closely watched AI companies including Anthropic, Google and OpenAI run on Workday's systems. At a time when markets have been questioning whether generative AI could erode demand for traditional enterprise software, that detail is being positioned as evidence that AI innovation and core HR platforms may not be mutually exclusive.
Warning! GuruFocus has detected 2 Warning Sign with NVO. Is WDAY fairly valued? Test your thesis with our free DCF calculator.
The concern weighing on the stock has been straightforward: if AI tools make payroll, human resources and other back-office processes easier, demand for Workday's applications could be pressured. That skepticism has not been isolated to one name, with peers such as Salesforce Inc. also seeing similar sentiment shifts. Bhusri, a Workday co-founder who returned earlier this month as CEO after stepping down in 2024 as co-CEO while remaining chairman, used much of the company's earnings call to argue that Workday's products function as foundational systems rather than optional layers that can be easily displaced.
He described Workday's HR and ERP offerings as systems of record designed to process transactions with accuracy and speed, enforce complex security models, and comply with statutory and regulatory requirements across multiple jurisdictions. In that framing, lightweight AI-driven development approaches may not be sufficient substitutes for enterprise-grade platforms. Even so, the market reaction was cautious: shares fell 9% in extended trading after the earnings report, suggesting investors may still be weighing how durable Workday's positioning could be as AI adoption accelerates.
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| 25.02.26 17:44:00 |
Stocks making the biggest moves midday: Netflix, Coinbase, Diageo, Cava and more |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Check out some of the companies making headlines in midday trading. Coinbase — The cryptocurrency exchange's stock jumped 12% as it launched stock trading on its platform. The move is part of Coinbase's strategy to become the place for investors to trade not only cryptocurrency but also stocks, exchange traded funds and place prediction market bets. Paramount Skydance – Shares of the entertainment giant crept slightly higher after Paramount Skydance lifted its Warner Bros. Discovery takeover offer to $31 per share . That's up from $30 a share. Warner Bros. said its board would review the proposal. Netflix , which already has an agreement in place with Warner Bros., jumped 5%. Warner Bros. slipped less than 1%. Clear Secure — The biometric identity platform soared 25% after fourth-quarter adjusted earnings per share, revenue and adjusted EBITDA, as well as first-quarter revenue guidance, all exceeded Wall Street consensus estimates, according to FactSet data. Photronics — The maker of plates used to fabricate integrated circuits and flat-panel displays surged more than 12%. Fiscal first-quarter earnings per share before one-time items and revenue exceeded the average analyst estimate, FactSet data showed. Diageo — The British spirits company fell more than 13% after earnings missed, it gave lackluster guidance and set plans to slash its dividend. Diageo blamed softer demand in North America and China, and said further weakness in the U.S. will drive organic sales to fall by 2% to 3% in 2026. The results put pressure on other alcohol stocks, with Boston Beer down 5%, Constellation Brands off 3% and Molson Coors lower by 4%. GoDaddy — Shares dropped 16% after the company forecast annual revenue below estimates, citing slow AI-related adoption. GoDaddy expects revenue of $5.195 billion to $5.275 billion this year, short of analysts' consensus estimate of $5.28 billion, according to FactSet. Lowe's — The home improvement retailer tumbled about 5% after issuing lower-than-expected forward guidance for the fiscal year. Lowe's forecast earnings of $12.25 to $12.75 per share excluding one-time items for the year, below analysts' consensus estimate of $12.90, according to FactSet. "While the housing macro remains pressured, we are focused on directing what is within our control, which includes our ongoing productivity initiatives," Lowe's said Wednesday in a statement. First Solar — The solar technology company slid 14% on the back of weak fourth-quarter earnings results and full-year guidance. First Solar earned $4.84 per share for the quarter, while analysts polled by LSEG expected $5.15 per share. Revenue came to $1.68 billion, beating analysts' consensus expectation of $1.56 billion. For the full year, First Solar forecast revenue of $4.9 billion to $5.2 billion, far lower than the analysts' consensus $6.12 billion. Cava Group — Shares of the Mediterranean restaurant chain jumped 24% after fourth-quarter results and its fiscal 2026 outlook topped estimates. Cava earned 4 cents a share on revenue of $275 million, while analysts surveyed by LSEG anticipated earnings of 3 cents per share on revenue of $268 million. The company also reported full-year revenue of more than $1 billion for the first time. Looking ahead, Cava expects sales at restaurants open at least a year will rise between 3% and 5% in 2026. Axon Enterprise — The maker of the Taser electroshock weapon surged 22%. Axon sees 2026 revenue growth ranging from 27% to 30% on a year-over-year basis, while analysts called for an increase of 26%, according to LSEG. Fourth-quarter adjusted earnings of $2.15 per share and revenue of $797 million surpassed estimates of $1.60 per share and $755 million. Oddity Tech — The Israeli online retailer of cosmetic and beauty products was almost cut in half, collapsing 46%. Oddity said it saw "a dislocation in our account with our largest advertising partner" driven by algorithm changes, leading to an expected 30% decline in year-over-year first quarter revenue. Marqeta – The credit card service company fell 7%. Marqeta's forecast for full-year revenue growth underwhelmed Wall Street, as the company called for a 12% to 14% increase on a year over year basis. The FactSet consensus estimate anticipated growth of 17.6%. MercadoLibre — Shares of the Uruguay-based e-commerce company fell 10%. MercadoLibre's fourth-quarter earnings were below analysts' forecast, but net revenue of $8.76 billion exceeded the $8.47 billion estimate, according to FactSet. Par Pacific Holdings — The Houston-based energy company tumbled more than 8% after Par Pacific posted fourth-quarter earnings of $1.17 per share, on an adjusted basis. That missed the FactSet consensus estimate of $1.27 per-share earnings. On the other hand, revenue topped expectations. Everus Construction Group — The construction services provider rallied 29% after posting fourth-quarter results that blew away expectations. Everus posted earnings of $1.08 per share on revenues of $1.01 billion. That topped analysts' expectations of 77 cents earnings per share and $879.6 million in revenue, according to FactSet. International Business Machines — Shares rose nearly 4% after UBS upgraded IBM to neutral from sell, citing the stock's more balanced risk-reward profile in spite of disruption risks posed by artificial intelligence. "The competitive risk to IBM's Z vertically integrated platform is largely reflected in the shares with the stock trading at a 7% FCF yield," UBS analysts said in a note to clients. "We do not expect mainframe disintermediation over the next several years given strong customer stickiness, customer data sovereignty and complex vertically integrated stack that provides quantum-safe encryption." Circle — Shares popped 28% after the stablecoin issuer's fourth-quarter results beat the Street's expectations, largely due to strong dollar-pegged token adoption. The company reported $167 million in EBITDA on revenue of $770 million for the last quarter of 2025, topping FactSet consensus estimates of $130.8 million and $747.9 million, respectively. Circle also highlighted that $75.3 billion worth of USDC tokens were in circulation by the end of last year, representing a 72% increase from the previous year. — CNBC's Liz Napolitano, Pia Singh, Sarah Min, Yun Li, Davis Giangiulio and Scott Schnipper contributed reporting. |
| 25.02.26 17:14:49 |
Workday (WDAY) Is Down 9.0% After Softer 2027 Outlook and CEO Shift Back to Co-Founder |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Earlier this week, Workday reported fiscal 2026 results showing higher quarterly and full-year revenue and net income, while also completing share repurchases totaling about US$2.10 billion across two authorizations. At the same time, the company issued fiscal 2027 guidance for subscription revenue growth of 12% to 13% and confirmed a leadership shift back to co-founder Aneel Bhusri as CEO, sharpening focus on AI products and investment. We’ll now examine how Workday’s softer subscription growth outlook and renewed AI investment focus affect its previously bullish investment narrative.
The future of work is here. Discover the 32 top robotics and automation stocks leading the charge in AI-driven automation and industrial transformation.
Workday Investment Narrative Recap
To own Workday today, you need to believe it can stay a core HR and finance platform while turning its growing AI suite into a durable, monetizable edge. The main near term catalyst is clearer execution on AI products and pricing, and the latest results keep that story intact but make it more sensitive to how management balances AI spending with profitability. The biggest risk now is that slower subscription growth guidance signals tougher competition from AI focused rivals.
The most relevant recent announcement is Workday’s fiscal 2027 subscription revenue outlook of 12% to 13% growth, paired with a roughly 30% non GAAP operating margin target and explicit AI investment plans. This guidance reframes expectations around both growth and margins at the same time that co founder Aneel Bhusri returns as CEO, which ties the next leg of the Workday story directly to how effectively those AI investments convert into sustainable subscription revenue over the next few years.
But even as Workday leans harder into AI, investors should be aware that...
Read the full narrative on Workday (it's free!)
Workday’s narrative projects $12.9 billion revenue and $1.8 billion earnings by 2028.
Uncover how Workday's forecasts yield a $231.17 fair value, a 78% upside to its current price.
Exploring Other PerspectivesWDAY 1-Year Stock Price Chart
Some of the lowest forecast analysts were already assuming about US$13.3 billion of revenue and US$2.1 billion of earnings by 2029, so with softer 2027 guidance and heavier AI spend now on the table, you can see how their more cautious view on margins and AI payback could gain traction while other investors continue to focus on Workday’s core cloud and AI platform potential.
Explore 13 other fair value estimates on Workday - why the stock might be worth over 2x more than the current price!
Story Continues
The Verdict Is Yours
Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.
A great starting point for your Workday research is our analysis highlighting 2 key rewards and 2 important warning signs that could impact your investment decision. Our free Workday research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Workday's overall financial health at a glance.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include WDAY.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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| 25.02.26 15:00:01 |
Nvidia Earnings Slam Into Market With No Patience for AI Hiccups |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
(Bloomberg) — Nvidia Corp.’s earnings report on Wednesday afternoon comes at a critical time for the US stock market with investors increasingly nervous about the outlook for artificial intelligence.
While most Wall Street pros are anticipating strong results from the chipmaker amid ballooning spending on computing infrastructure, there is less certainty about how its shares — and others — will respond at a time when fears about AI disruption and the staying power of heavy investments are dominating the tape.
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“Even if they have tremendous numbers, we know the markets are really fickle,” said Ken Mahoney, president of Mahoney Asset Management.
After powering the market higher for much of the past few years, Nvidia shares have gone cold in recent months, rising just 3.8% since the start of the fourth quarter, as investors question the hundreds of billions of dollars customers like Alphabet Inc. and Microsoft Corp. are spending on AI. Meanwhile, investors have been fleeing sectors seen as potentially under threat from AI disruption.
The selloff is weighing on the S&P 500 with shares of members like Intuit Inc., Gartner Inc. and Workday Inc. down more than 40% since the start of the year. A Bloomberg index tracking the Magnificent Seven, which also includes Apple Inc., Amazon.com Inc., Meta Platforms Inc. and Tesla Inc., has dropped 4.7% in 2026.
Nvidia, however, is still the most valuable company in the world with a roughly $4.8 trillion market capitalization as the stock climbs on Wednesday, giving it enormous sway over the S&P 50O Index. The index has fallen less 1% from a late January peak.
Nvidia’s revenue is expected to jump 68% to $65.9 billion in its fiscal fourth quarter, which ended on Jan. 31. Adjusted earnings are anticipated to rise 72% to $1.53 a share, according to the average of analyst estimates compiled by Bloomberg.
Another metric investors will be watching closely is gross margin, a measure of profitability that came under pressure last year due to high production costs for Nvidia’s Blackwell chips. The firm’s adjusted gross margin is anticipated to be 75% in the fourth quarter, the highest in more than a year, and is projected to stay around that level in the current fiscal year.
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Investors want reassurances that such profitability can be sustained amid rising prices for memory chips and other input costs.
Story Continues
“Margins are potentially a risk factor,” said Melissa Otto, head of technology, media and telecommunications research at Visible Alpha. “The question’s going to be around that gross margin coming into Q1 and then if they give any color for the rest of the year.”
Otto is also looking for updates on the status of Nvidia’s Blackwell and upcoming Rubin chips. Nvidia Chief Executive Officer Jensen Huang said in October that the two chip lines were on track to generate half a trillion dollars in revenue over the next several quarters, a milestone the company said it would reach faster than initially expected.
China is also top of mind, even though Nvidia previously said that the fourth quarter won’t include any data center revenue from the country. Still, investors will be looking for any update about the company’s ability to sell into China after the Trump administration cleared sales of its older H200 chips. Still, Nvidia has yet to sell any of those chips to China, David Peters, assistant secretary for export enforcement at the Commerce Department, told the House Foreign Affairs Committee on Tuesday.
“What Nvidia says about their guidance is important, what they say about their overseas sales and what they can sell is going to be really important,” said Luke Rahbari, chief executive officer of Equity Armor Investments.
The options market is pricing in about a 5% swing in either direction for Nvidia shares the day after earnings. The stock has declined the day after each of its last two reports.
Beyond the numbers, Huang’s comments on the earnings call will also be closely monitored. Earlier this month, the CEO called the selloff in software stocks on disruption concerns “the most illogical thing in the world.” Since then, the fear-based selling has spread to dozens of other companies in a wide range of sectors, including wealth management and real estate services.
A positive reception for Nvidia could help boost sentiment for the AI pain trade, according to Rahbari.
“If Nvidia comes out and says, we’re positive on this entire space, on this structure,” he said, “I think that rising tide lifts all boats, including software.”
Tech Chart of the Day
Top Tech Stories
Warner Bros. Discovery Inc. said a new $31-a-share buyout offer from Paramount Skydance Corp. could lead to a better deal than its existing agreement with Netflix Inc., kicking off another potential round of bidding for the famed Hollywood studio. Anthropic PBC, known for its commitment to artificial intelligence safeguards, has loosened its central safety policy, saying the move is necessary to keep pace in a rapidly changing field. Citrini Research founder James van Geelen is shocked that his AI prediction spurred a stock market selloff. DoorDash Inc. is pulling out of four countries in Asia, a sign that fierce competition and thin margins across food delivery are weighing on its overseas ambitions. HP Inc. gave a profit outlook for the current quarter that may fall short of estimates and said full-year earnings will likely hit the lower end of a previously forecast range as the company copes with tariffs and the rising price of memory chips.
Earnings Due Wednesday
Earnings Premarket:
Photronics Inc. (PLAB US) Earnings Postmarket:
Nvidia Corp. (NVDA US) Climb Global Solutions Inc. (CLMB US) Magnite Inc. (MGNI US) Nutanix Inc. (NTNX US) Paramount Skydance Corp. (PSKY US) Pure Storage Inc. (PSTG US) Salesforce Inc. (CRM US) Schrodinger Inc. (SDGR US) Synopsys Inc. (SNPS US) Tko Group Holdings Inc. (TKO US) Trade Desk Inc. (TTD US) Veeco Instruments Inc. (VECO US) Zoom Communications Inc. (ZM US)
(Updates stock moves throughout, adds detail in paragraph 12)
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| 25.02.26 14:40:00 |
Workday Q4 Earnings Beat Estimates on Solid Revenue Growth |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Workday, Inc. WDAY reported strong fourth-quarter fiscal 2026 results, with both bottom and top lines beating the Zacks Consensus Estimate.
The company reported year-over-year revenue growth, driven by strong subscription demand, new customer wins and rising adoption of AI solutions. Management’s focus on innovation, product growth and international expansion remains positive.
Net Income
Net income, on a GAAP basis, was $145 million or 55 cents per share compared with $94 million or 35 cents per share in the year-ago quarter. Healthy top-line growth boosted GAAP earnings during the quarter.
Non-GAAP net income per share was $2.47 compared with $1.92 in the prior-year quarter. The bottom line beat the Zacks Consensus Estimate by 17 cents.
For fiscal 2026, Workday reported GAAP net income of $693 million or $2.59 per share compared with $526 million or $1.95 per share in fiscal 2025. Non-GAAP net income per share was $9.23 compared with $7.30 in fiscal 2025.
Workday, Inc. Price, Consensus and EPS SurpriseWorkday, Inc. Price, Consensus and EPS Surprise
Workday, Inc. price-consensus-eps-surprise-chart | Workday, Inc. Quote
Revenues
Net sales during the quarter were $2.53 billion, up from $2.21 billion in the year-ago quarter, backed by solid growth in the Subscription services revenues segment. The top line beat the Zacks Consensus Estimate of $2.52 billion. For fiscal 2026, revenues increased to $9.55 billion from $8.45 billion in fiscal 2025.
Subscription services revenues contributed $2.36 billion, up from $2.04 billion in the year-ago quarter. Net sales beat our estimate of $2.355 billion. Revenues from professional services were $172 million compared with $171 million in the prior-year quarter. The top line beat our estimate of $167.9 million.
At the end of fiscal 2026, the 12-month subscription revenue backlog was $8.83 billion, up 15.8%. The total subscription revenue backlog was $28.1 billion, up 12.2% year over year.
Other Details
During the quarter, the company’s total costs and expenses totaled $2.36 billion compared with $2.14 billion in the year-ago quarter. Operating income during the quarter was $174 million compared with $75 million in the year-ago quarter, with respective margins of 6.9% and 3.4%. Non-GAAP operating income was $774 million, up from $584 million a year ago, with respective margins of 30.6% and 26.4%.
Cash Flow & Liquidity
During the fourth quarter of fiscal 2026, the company generated $1.28 billion of cash from operating activities compared with $1.11 billion in the prior-year quarter. For fiscal 2026, the company generated $2.94 billion of cash from operating activities compared with $2.46 billion in fiscal 2025.
As of Jan. 31, 2026, it had cash and cash equivalents and marketable securities of $5.44 billion, with long-term debt of $2.99 billion compared with respective tallies of $8.02 billion and $2.98 million a year ago.
Story Continues
Outlook
For the first quarter of fiscal 2027, Workday expects revenues to be $2.52 billion, indicating growth of 12% year over year. Subscription revenues are expected to be $2.34 billion, suggesting growth of 13% year over year. Management expects non-GAAP operating margin to be 30.5%.
For fiscal 2027, the company expects revenues to be between $10.64 billion and $10.66 billion, indicating 11-12% year-over-year growth. Subscription revenues are projected to be in the range of $9.93-$9.95 billion, indicating growth of 12-13% year over year. Non-GAAP operating margin is anticipated to be 30%. Capital expenditure is approximated to be around $270 million. Operating cash flow is forecasted to be $3.45 billion.
WDAY’s Zacks Rank
Workday currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
Analog Devices, Inc. ADI sports a Zacks Rank #1 (Strong Buy) at present. In the last reported quarter, it delivered an earnings surprise of 6.96%. You can see the complete list of today’s Zacks #1 Rank stocks here.
With rising AI and industrial demand, Analog Devices is strongly positioned to drive future growth from the semiconductor upcycle. Its expanding data-center power portfolio, resilient industrial exposure, and strong analog expertise help maintain solid margins and deliver scalable, high-performance solutions across key end markets.
Celestica Inc. CLS carries a Zacks Rank #2 (Buy) at present. In the last reported quarter, it delivered an earnings surprise of 8.62%.
Celestica is well-positioned to benefit from the rising demand for AI and cloud infrastructure. Its focus on higher-margin markets, diversified portfolio, and strong engineering capabilities support scalable production of complex electronic and data-center solutions. Its strong research and development capabilities enable it to produce high-volume electronics manufacturing across multiple industries.
Ubiquiti Inc. UI currently holds a Zacks Rank #2. It delivered an earnings surprise of 38.08% in the last reported quarter.
It offers a broad portfolio of networking solutions for enterprises and service providers. Its efficient and flexible business model supports healthy margins and scalable expansion. The company continues to invest in research and development to launch innovative networking products and advanced technologies. Strong channel management and a wide global distributor network improve demand visibility and inventory control.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
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This article originally published on Zacks Investment Research (zacks.com).
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| 25.02.26 14:34:48 |
Stock market today: Dow, S&P 500, Nasdaq rise with Nvidia earnings looming as gut check for AI trade |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
US stocks turned into the green on Wednesday as Wall Street digested President Trump's State of The Union address and braced for Nvidia's crucial earnings report.
The Nasdaq Composite (^IXIC) led the way up, gaining 0.8% after a strong Tuesday session that saw investors rotate back into technology shares. Meanwhile, the S&P 500 (^GSPC) climbed by roughly 0.5%, while the Dow Jones Industrial Average (^DJI) gained roughly 0.3%
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With earnings still rolling on, eyes now turn to Nvidia's (NVDA) quarterly results, due Wednesday after the bell, alongside earnings from Salesforce (CRM) and Snowflake (SNOW). The reports arrive as investors reassess elevated tech valuations and scrutinize heavy AI-related capital spending by hyperscalers.
AI disruption remains in focus, with spirits once again upbeat after AI startup Anthropic introduced new enterprise capabilities on its Claude platform, allowing integration with corporate applications such as Google (GOOG) Drive, DocuSign (DOCU), and LegalZoom (LZ).
Elsewhere, (CRCL) stock surged by more than 20% on Wednesday after reporting an increase in fourth quarter revenue. Home improvement group Lowe's (LOW) beat analyst estimates, but shares fell as guidance fell short.
Meanwhile, setting the tone for the week, Trump delivered his 2026 State of the Union address Tuesday night. After Trump experienced the first major legal pushback to his tariffs over the past week, the address saw Trump rail against the Supreme Court while pushing forward on his plans.LIVE11 updates
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Jake Conley
US stocks rise at Wednesday's opening bell
The US stock market gained ground after the opening bell on Wednesday with Nvidia's crucial earnings report on deck.
The Nasdaq Composite (^IXIC) led gains, picking up roughly 0.7% after a strong Tuesday session that saw investors rotate back into technology shares. Meanwhile, the S&P 500 (^GSPC) climbed by roughly 0.5%, while the Dow Jones Industrial Average (^DJI) gained roughly 0.3%
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Alongside Nvidia's fourth-quarter earnings, set for release after Wednesday's closing bell, Salesforce (CRM) and Snowflake (SNOW) will also publish their quarterly reports as investors look for potential weaknesses in tech valuations and AI-related capital spending.
Shares in Circle (CRCL) turned up by more than 20% at the open on Wednesday after the company reported an increase in fourth quarter revenue. Lowe's (LOW) beat analyst estimates, guidance below expectations sent shares falling. 44 mins ago
Jake Conley
US trade representative: US aims to keep tariffs on China where they are
The White House will seek to keep levies on China at the levels set before the Supreme Court decision striking down large swaths of President Trump's tariff regime, US Trade Representative Jamieson Greer said Wednesday morning.
In comments to Fox Business, Greer said the US is aiming to maintain its tariffs of 35% to 50% on goods from China — now using alternative methods.
“We expect that level to remain in place. We don’t intend to escalate beyond that," Greer said Wednesday morning. "We intend to really stick to the deal that we had before.”
On Friday, the Supreme Court ruled that the president's use of the International Emergency Economic Powers Act (IEEPA) to impose wide-ranging tariffs on foreign nations was illegal.
The White House has instituted a temporary 10% global levy since the ruling, and Greer said Wednesday morning that the US will soon be announcing a bump-up to 15% on its temporary 150-day global tariff. The administration is expected to use that window to implement new measures under other legislative authorities, such as the Trade Act's Sections 301 and 232.
President Trump will head to Beijing for a meeting with Chinese leader Xi Jinping at the end of March, where the leaders of the world's two largest economies are expected to discuss trade deals. Today at 1:18 PM UTC
Grace O'Donnell
Market structure 'more fragile' and vulnerable to a major move, Apollo's Sløk says
The market looks vulnerable to a major swing, Apollo chief economist Torsten Sløk wrote in a note Wednesday. (Disclosure: Yahoo is a portfolio company of funds managed by affiliates of Apollo Global Management.)
As artificial intelligence concerns sweep through various sectors, Sløk notes that speculative activity has picked up, the variation between individual stock names has grown larger, and stocks are moving less together. Taken together, these factors suggest confidence in the market may be
"The share of S&P 500 names moving more than 10% in a single day has increased, and high dispersion and low implied correlation suggest stocks are increasingly trading on their own fundamentals," Sløk wrote. "At the same time, options activity remains extremely elevated, consistent with heavy retail speculation and leverage-like exposure. Larger idiosyncratic moves and outsized options participation leave the market structure more fragile and more vulnerable to an abrupt, outsized move." Today at 12:26 PM UTC
Jenny McCall
Strong earnings not enough to power stocks past AI, credit worry
Despite corporate America delivering one of the strongest earnings seasons on record, you wouldn’t exactly know it by looking at the stock market.
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Bloomberg reports:
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Jenny McCall
Circle stock jumps after Q4 revenue rises on stablecoin growth
Circle (CRCL) stock rose 14% on Wednesday during premarket hours after reporting an increase in fourth quarter revenue, as its income from reserves got a boost from a rise in circulation of its stablecoin token, USDC.
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Reuters reports:
Read more here. Today at 9:45 AM UTC
Jenny McCall
Gold rises as traders weigh tariff risks and Middle East tension
Bloomberg News reports:
Read more here. Today at 9:34 AM UTC
Jenny McCall
First Solar stock falls after revenue guidance misses analyst expectations
First Solar (FSLR) stock sank 15% during premarket hours on Wednesday after the company, which manufactures solar panels, reported higher profit within its fourth quarter earnings but issued revenue guidance for 2026, which missed analyst expectations.
The Wall Street Journal reports:
Read more here. Today at 9:28 AM UTC
Grace O'Donnell
Workday stock plunges 9% as outlook falls short of expectations
Workday (WDAY) stock plunged around 9% during premarket hours on Wednesday after the enterprise applications company reported an adjusted earnings beat but disappointing guidance. The quarterly results come as software stocks like Workday have sold off on concerns that artificial intelligence could automate and eat away at their core businesses.
In the fourth quarter, Workday reported revenue of $2.53 billion, a 14.5% annual increase, which just managed to exceed estimates of $2.52 billion, according to S&P Global Market Intelligence. Subscription revenue hit $2.36 billion.
Adjusted earnings per share of $2.47 also beat the Street's expectations of $2.32 per share.
But Workday's subscription revenue guidance fell short of expectations. The company expects first quarter subscription revenue of $2.335 billion, suggesting a slowdown from the current quarter, and full-year subscription revenue of $9.92 billion to $9.95 billion.
Workday stock was already down more than 9% over the past five days as worries about AI disruption coursed through the sector, fueled by a doom-and-gloom report from Citrini Research.
Join the earnings call live > Today at 4:01 AM UTC
Jake Conley
Trump says US wants to make a deal in Iran but needs guarantees Iran will 'never have a nuclear weapon'
In comments on Tuesday night, President Trump said he is hoping to make a deal with Iran, but only if the Iranians are willing to pledge to never develop nuclear weapons.
“We want to make a deal but we haven't heard those secret words: ‘We will never have a nuclear weapon,'" Trump said.
"My preference is to solve this problem through diplomacy but one thing is certain: I will never allow the world’s number one sponsor of terrorism, which they are by far, to have a nuclear weapon — cant let that happen.”
Futures on US pricing benchmark West Texas Intermediate (WTI) crude (CL=F) and international benchmark Brent crude (BZ=F) ticked up by roughly 0.7% earlier in the day and remained unchanged throughout the evening.
Conflict between the two nations could threaten the Strait of Hormuz, a shipping chokepoint largely controlled by Iran that is vital to the global oil trade.
Iranian foreign minister Abbas Araghchi, who has been representing Iran in negotiations with the US, said in an X post on Tuesday that "Iran will under no circumstances ever develop a nuclear weapon."
Over the past few weeks, the US has amassed a large armada in the Gulf region, including two aircraft carriers and the largest air power buildup in the region since the country's 2003 invasion of Iraq.
During his State of the Union address Tuesday night, Trump cited Iran's military capabilities, including ballistic missiles that can reach Europe and attempts to build missiles that could reach the US, as serious national security concerns.
"I will never hesitate to confront threats to America wherever we must," Trump said Tuesday night. "We wiped it out [the Iranian nuclear program], and they want to start it up all over again."
US Special Envoy Steve Witkoff and Jared Kushner, the president's son-in-law, who are leading US negotiations, are set to meet with their Iranian counterparts in Geneva on Thursday in what is seen as a last-ditch attempt to find a diplomatic solution. Today at 3:34 AM UTC
Jake Conley
Trump says Big Tech developers will fund their own energy usage under new 'ratepayer protection pledge'
During his State of the Union address on Tuesday night, President Trump said major tech companies will be required to fund their own electricity usage under a new "ratepayer protection pledge" he negotiated with the Big Tech industry.
"We have an old grid, and an amount of energy that’s never been needed before," Trump said. Americans, he noted in his comments, are concerned that “energy demand from AI data centers could drive up their electricity utility bills."
According to estimates from the Lawrence Berkeley National Laboratory, power demand from US data centers doubled between 2018 and 2024 and could triple by 2028.
President Trump promised to cut electricity bills by half on the campaign trail, but prices have instead surged throughout his second term on the back of the growing AI industry. The average retail price for electricity reached 17.24 cents per kilowatt-hour in December, roughly 6% higher than the same time the year prior, according to data from the Energy Information Administration.
With the administration's rate payer protection pledge requirements, Trump said, "No prices will go up, and in many cases energy prices will go down for communities."
A federally funded study published in December noted that adding new customers, such as tech companies, onto the grid can lower prices if there is excess power capacity on the market.
The White House is also pressuring PJM Interconnection, the largest power grid operator, to hold an emergency auction where tech companies would be able to bid for long-term power agreements to control costs.
In the service region for PJM Interconnection, the country's largest grid operator, capacity prices — the price utilities must pay to generators for electricity — have exploded, rising to $329.17 per megawatt-day for the 2026-2027 period from $28.92 in the 2024-2025 period. Today at 3:11 AM UTC
Ben Werschkul
Trump slams Supreme Court's 'unfortunate involvement' in tariffs, says the duties aren't going anywhere
President Trump on Tuesday night offered another strong defense of tariffs during the State of the Union and proclaimed that "the deals are all done" with no changes in the offing, even as he pilloried "an unfortunate ruling from the United States Supreme Court."
The highly anticipated moment saw the president address the issue and condemn "the Supreme Court's unfortunate involvement" as four justices in attendance sat motionless a few feet away.
The president also claimed that congressional action will not be necessary to keep his tariffs in force and even claimed that the duties would eventually “substantially replace the modern-day system of income tax, taking a great financial burden off the people that I love."
Trump again overstated the effects of tariffs. Tariffs have actually been bringing in only a small fraction of income tax revenue so far — about $30 billion a month in recent months. It was another forceful defense of Trump's central economic policy, even as his public support on tariffs has been ebbing.
Lawmakers' reaction in the room was mixed, after bipartisan votes in both chambers have rebuked Trump's tariffs and Democrats are already pledging to block an extension of the new Section 122 tariffs when they come up for congressional review in 150 days.
The skepticism is also evident among voters. Some polls show Americans opposed to Trump's tariffs by a nearly 2-to-1 margin. Just this week, a new ABC News/Washington Post/Ipsos poll found that 64% of Americans disapprove of Trump's handling of tariffs, while only 34% approve.
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