Earnings

Earnings Roundup for Week of Nov. 2, 2026

The Tip Desk · November 7, 2026 · 4 min read

AMD’s third-quarter Data Center revenue rose 97%, while gaming revenue fell 40%. Lumentum’s fiscal first-quarter revenue increased 136.5%.

AMD’s third-quarter 2026 revenue rose 45% year over year to $13.4 billion, with GAAP operating income of $2.8 billion. Data Center revenue rose 97% to $8.5 billion; AMD attributed that growth to strong demand for EPYC processors and the launch of Instinct MI450 Series GPUs. The gains were uneven: gaming revenue fell 40% to $773 million, which AMD attributed to lower semi-custom and graphics revenue. Client revenue increased 7%.

Lumentum’s fiscal first quarter of 2027, ended September 26, 2026, brought revenue of $1.26 billion, up 136.5% year over year, and GAAP operating margin of 28.5%, versus 1.3%. CEO Michael Hurlston identified pump lasers and optical circuit switches as the leading contributors to growth. Lumentum forecast fiscal second-quarter revenue of $1.575 billion to $1.625 billion and non-GAAP operating margin of 45.0% to 46.0%, compared with 42.3% in the first quarter.

Apple’s fiscal fourth quarter of 2026, also ended September 26, produced revenue of $114.5 billion, up 12 percent, and diluted EPS of $2.10, up 14 percent. Apple reported that tariff refunds added approximately 1 percentage point to its 47.9 percent gross margin and $0.05 to EPS. Services revenue reached an all-time high, while iPhone revenue set a September-quarter record.

KDP sales rise; Marzetti sales fall

Keurig Dr Pepper’s third-quarter 2026 net sales increased 70.6% to $7.3 billion. Excluding the contribution from its JDE Peet’s acquisition, legacy KDP sales rose 8.6%; KDP attributed the increase to 6.5% volume/mix growth and 2.1% favorable net price realization. GAAP operating income increased 34.0% to $1.3 billion. Both GAAP and adjusted operating income included a $99 million tariff-refund benefit, while KDP said acquisition and integration-related costs were the primary unfavorable items affecting comparability in the GAAP operating-income comparison.

Coca-Cola Consolidated’s third quarter, ended October 2, 2026, delivered net sales growth of 5.4% to $2.0 billion and volume growth of 1.4%. The company attributed sales growth primarily to annual pricing actions, with an additional contribution from higher volumes. Gross margin fell to 38.8% from 39.6%, even as operating margin increased to 13.7% from 13.1%. Coca-Cola Consolidated said zero-sugar and flavor offerings led sparkling-volume growth.

Marzetti’s fiscal first-quarter sales, for the period ended September 30, 2026, declined 2.4% to $481.5 million; excluding prior-year sales under a temporary supply agreement, sales declined 0.3%. CEO David Ciesinski said the cyclospora outbreak reduced sales in both Retail and Foodservice. Marzetti said reported gross profit margin decreased 110 basis points to 23.0%, driven by reduced sales and lower production volumes, higher diesel and freight costs, and commissioning costs for new production capacity at its Atlanta facility.

Grainger and Motorola Solutions sales rise; JBT Marel revenue slips

Grainger’s third-quarter 2026 sales increased 11.3% to $5.2 billion. Grainger said double-digit volume growth and continued price inflation as cost increases were passed supported its North American High-Touch Solutions segment. Reported diluted EPS rose 102.9% to $12.42, while adjusted diluted EPS increased 22.8% to $12.54. The adjusted prior-year comparison excludes the loss associated with Grainger’s U.K. exit. Grainger raised its full-year diluted adjusted EPS outlook to $47.00 to $48.00.

Motorola Solutions’ third-quarter 2026 sales rose 12% to $3.4 billion, including $211 million of acquisition-related revenue. Its GAAP operating margin fell to 23.0% from 25.6%, while non-GAAP operating margin rose to 32.5% from 30.5%. Motorola attributed the GAAP decline primarily to an increased contingent Silvus earnout and the non-GAAP improvement to higher sales and improved operating leverage, partly offset by higher supply chain costs.

JBT Marel’s third-quarter 2026 revenue declined 1 percent to $994 million, but adjusted EBITDA increased 5 percent to $179 million and adjusted EBITDA margin improved 90 basis points to 18.0 percent. CEO Brian Deck credited labor productivity, supply chain savings and footprint optimization for margin gains. JBT Marel said lower near-term CPG-related volume expectations prompted a revision to its full-year revenue outlook, while it increased the midpoint of margin guidance.

Amgen revenue grows; Humana reports an adjusted loss

Amgen’s third-quarter 2026 revenue increased 8% to $10.4 billion, and GAAP EPS rose 19% to $7.08. Amgen attributed its 8% product-sales increase to volume growth. Free cash flow declined to $3.7 billion from $4.2 billion a year earlier.

Halozyme’s third-quarter 2026 revenue rose 39% to $493 million, including royalty revenue of $341 million, up 44%. Halozyme raised its 2026 total revenue guidance to $1.860 billion to $1.925 billion and its non-GAAP diluted EPS guidance to $8.75 to $9.05.

Humana reported third-quarter 2026 GAAP EPS of $1.33, down from $1.62, and an adjusted loss of $0.70 per share, versus adjusted EPS of $3.24. Its Insurance segment’s GAAP benefit ratio was 93.7 percent, favorable to management’s guidance of slightly above 94 percent. Humana raised its full-year adjusted EPS forecast to at least $9.50 from at least $9.00.