Earnings Guidance

Premarket · as of 2026-10-29 09:04 ET

Ticker	Guidance (vs consensus)	EPS	Revenue	% move	OCF	FCF	Cash-flow note	Expected direction
Raised (6)
LLY BMO	FY26 revenue raised to $91-92B from $85-87B; non-GAAP EPS $35.00-36.00 (from $35.50-36.50) as a $4.07 underlying raise is offset by $4.57 of Q3 acquired IPR&D; performance margin 52.0-52.5% from 49.0-50.5%. ⓘ	beat	beat	+4.38%	n/a	n/a	Cash flow statement not in the press release; not verified. ⚠	n/a
MSFT AMC	FQ2 revenue $96.0-97.1B vs ~$95.6B LSEG cons; Azure growth 49-50% cc vs ~47.6% Visible Alpha; FQ2 capex over $50B, CY26 capex ~$170B (3P capacity delays); operating margin down slightly y/y. ⓘ	beat	beat	+2.61%	n/a	$18.63B (FQ1)-27% y/y	FCF ~$10B above analyst estimates because capex lagged on delayed third-party capacity; company expects FCF to stay positive in FY27.	BullishRaised guidance backed by strong cash flow
MRK BMO	FY26 sales narrowed/raised to $66.8-67.3B from $66.3-67.3B; non-GAAP EPS raised to $2.77-2.82 from $2.66-2.76 (includes $0.12 SciBrunch charge plus Cidara/Terns charges). ⓘ	beat	beat	+2.53%	n/a	n/a	Cash flow not verified from the release. ⚠	n/a
F AMC	FY26 adjusted EBIT range narrowed upward to $10.5-11B. ⓘ	n/a	n/a	-0.92%	n/a	$4.7B adjusted (Q3)	n/a	n/a
FDX AMC	CY26 revenue growth ~12% versus ~11% previously; adjusted diluted EPS $18.00-18.60 versus $16.90-18.10. ⓘ	n/a	n/a	-0.97%	n/a	n/a	n/a	n/a
NOW AMC	Raised FY26 subscription revenue outlook to $15.780-15.790B and raised free cash flow margin outlook. ⓘ	miss	n/a	-18.80%	n/a	n/a	n/a	n/a
Maintained / in-line (2)
CVNA AMC	FY26 adjusted EBITDA expected near the higher end of the existing $2.7-3.0B range; Q4 retail units expected to rise sequentially. ⓘ	n/a	n/a	+9.01%	n/a	n/a	n/a	n/a
GOOGL AMC	FY26 capex $195-205B unchanged; capex to rise significantly in 2027 (no figure). Q4 flagged larger FX headwind and lapping Search acceleration; near-term Cloud margin pressure from third-party compute. ⓘ	miss	n/a	-11.37%	n/a	-$9.07B (Q3)	Second straight negative FCF quarter; cash burn far worse than the ~-$2.7B analysts expected, driven by AI capex.	NeutralGuidance held, but cash flow is weak
Cut / weak (0)
Outlook only / not classified (4)
EBAY AMC	n/a ⓘ	n/a	n/a	+5.26%	$875M (Q3)	$749M (Q3)	n/a	n/a
KLAC AMC	FY27 Q2 revenue $4.7B +/- $200M; non-GAAP EPS $1.44 +/- $0.11. New quarterly outlook; comparison to consensus not verified. ⓘ	n/a	n/a	+3.31%	$1.53B (Q1)	$1.34B (Q1)	n/a	n/a
XPO BMO	No numeric full-year guide. Management expects Q4 LTL operating-ratio improvement to materially outperform normal seasonality (about 250 bps y/y) and continued yield growth similar to Q3. ⓘ	beat	miss	-0.66%	$415M (Q3)	n/a	Company-reported operating cash flow vs $181M net income; $123M net capex, $150M buybacks, $100M term-loan repayment. FCF not reported as a figure.	n/a
ASX BMO	Q4 revenue +6-8% q/q, gross margin 23-24%, operating margin 14.5-15.5%. New quarterly outlook; consensus comparison not verified. ⓘ	n/a	n/a	-3.14%	n/a	n/a	Cash flow not verified. ⚠	n/a

OCF/FCF are the latest reported quarter (or 9-month where marked), from press releases/filings; n/a = not reported or not verified. Expected direction combines cash flow with guidance (cash flow can veto a raise; a guidance cut beats strong cash flow). It is a small-sample pattern (about 38 names), not a rule. Not trading advice: a pattern read, not a recommendation.

Cash flow split the megacaps: MSFT guided above consensus with $18.6B FCF (premarket up), while GOOGL held capex and burned $9.1B FCF (premarket about -11%).
Healthcare raised: LLY lifted FY26 revenue to $91-92B and MRK raised its EPS range; LLY's Q3 included about $900M of one-time benefits and MRK about $550M of early buying.
NOW raised its FY subscription outlook but its Q4 guide was only in line and EPS missed by $0.02; premarket about -20%.
Overnight raises also from F and FDX; XPO beat on EPS with $415M operating cash flow; ASX and KLAC gave new quarterly outlooks only. Small-sample read, not a rule.

Midday · as of 2026-10-29 12:05 ET

Ticker	Guidance (vs consensus)	EPS	Revenue	% move	vs VWAP	$ flow	OCF	FCF	Cash-flow note	Expected direction
Raised (6)
LLY BMO	FY26 revenue raised to $91-92B from $85-87B; non-GAAP EPS $35.00-36.00 (from $35.50-36.50) as a $4.07 underlying raise is offset by $4.57 of Q3 acquired IPR&D; performance margin 52.0-52.5% from 49.0-50.5%. ⓘ	beat	beat	+6.33%	-0.57%	+360M	n/a	n/a	Cash flow statement not in the press release; not verified. ⚠	n/a
MRK BMO	FY26 sales narrowed/raised to $66.8-67.3B from $66.3-67.3B; non-GAAP EPS raised to $2.77-2.82 from $2.66-2.76 (includes $0.12 SciBrunch charge plus Cidara/Terns charges). ⓘ	beat	beat	+4.73%	-0.12%	+5M	n/a	n/a	Cash flow not verified from the release. ⚠	n/a
F AMC	FY26 adjusted EBIT range narrowed upward to $10.5-11B. ⓘ	n/a	n/a	+3.27%	+1.71%	—	n/a	$4.7B adjusted (Q3)	n/a	n/a
FDX AMC	CY26 revenue growth ~12% versus ~11% previously; adjusted diluted EPS $18.00-18.60 versus $16.90-18.10. ⓘ	n/a	n/a	+1.70%	+1.32%	—	n/a	n/a	n/a	n/a
MSFT AMC	FQ2 revenue $96.0-97.1B vs ~$95.6B LSEG cons; Azure growth 49-50% cc vs ~47.6% Visible Alpha; FQ2 capex over $50B, CY26 capex ~$170B (3P capacity delays); operating margin down slightly y/y. ⓘ	beat	beat	-1.53%	-0.80%	-207M	n/a	$18.63B (FQ1)-27% y/y	FCF ~$10B above analyst estimates because capex lagged on delayed third-party capacity; company expects FCF to stay positive in FY27.	BullishRaised guidance backed by strong cash flow
NOW AMC	Raised FY26 subscription revenue outlook to $15.780-15.790B and raised free cash flow margin outlook. ⓘ	miss	n/a	-25.11%	-1.67%	-750M	n/a	n/a	n/a	n/a
Maintained / in-line (3)
CVNA AMC	FY26 adjusted EBITDA expected near the higher end of the existing $2.7-3.0B range; Q4 retail units expected to rise sequentially. ⓘ	n/a	n/a	+15.65%	+0.95%	+51M	n/a	n/a	n/a	n/a
CAT BMO	FY26 sales and revenues still expected to grow mid-to-high teens; adjusted operating margin (ex IEEPA tariff recoveries) still near the bottom of the target range; MP&E free cash flow still in the top half of the $6-15B target range. Q4 Construction Industries margin step-down expected slightly larger than usual. ⓘ	beat	beat	-7.65%	+1.19%	+231M	$4.4B enterprise (Q3)	$3.8B MP&E (Q3)	Enterprise OCF $4.4B; $1.2B buybacks and $0.7B dividends in the quarter; $7.9B enterprise cash.	BullishGuidance held, backed by strong cash flow
GOOGL AMC	FY26 capex $195-205B unchanged; capex to rise significantly in 2027 (no figure). Q4 flagged larger FX headwind and lapping Search acceleration; near-term Cloud margin pressure from third-party compute. ⓘ	miss	n/a	-11.72%	+0.60%	-162M	n/a	-$9.07B (Q3)	Second straight negative FCF quarter; cash burn far worse than the ~-$2.7B analysts expected, driven by AI capex.	NeutralGuidance held, but cash flow is weak
Cut / weak (0)
Outlook only / not classified (4)
KLAC AMC	FY27 Q2 revenue $4.7B +/- $200M; non-GAAP EPS $1.44 +/- $0.11. New quarterly outlook; comparison to consensus not verified. ⓘ	n/a	n/a	+6.98%	+0.98%	+151M	$1.53B (Q1)	$1.34B (Q1)	n/a	n/a
EBAY AMC	n/a ⓘ	n/a	n/a	+2.86%	-0.59%	—	$875M (Q3)	$749M (Q3)	n/a	n/a
ASX BMO	Q4 revenue +6-8% q/q, gross margin 23-24%, operating margin 14.5-15.5%. New quarterly outlook; consensus comparison not verified. ⓘ	n/a	n/a	-0.52%	+1.80%	-9M	n/a	n/a	Cash flow not verified. ⚠	n/a
XPO BMO	No numeric full-year guide. Management expects Q4 LTL operating-ratio improvement to materially outperform normal seasonality (about 250 bps y/y) and continued yield growth similar to Q3. ⓘ	beat	miss	-4.88%	-0.87%	+21M	$415M (Q3)	n/a	Company-reported operating cash flow vs $181M net income; $123M net capex, $150M buybacks, $100M term-loan repayment. FCF not reported as a figure.	n/a

OCF/FCF are the latest reported quarter (or 9-month where marked), from press releases/filings; n/a = not reported or not verified. Expected direction combines cash flow with guidance (cash flow can veto a raise; a guidance cut beats strong cash flow). It is a small-sample pattern (about 38 names), not a rule. Not trading advice: a pattern read, not a recommendation.

Cash flow beat the guide for megacaps only partly: MSFT guided above consensus with $18.6B FCF but gave up its premarket gain (about -1.5% at 12:05 ET, below VWAP), while GOOGL, with $9.1B of negative FCF, is about -11.7%.
Healthcare raises are holding: LLY (FY26 revenue raised to $91-92B) about +6.3% and MRK (EPS range raised) about +4.7%, though both sit just under VWAP; LLY Q3 had about $900M of one-time benefits and MRK about $550M of early buying.
Beats with only in-line outlooks are selling off: NOW (Q4 subscription guide in line, EPS miss) about -25% and CAT (FY26 outlook reaffirmed, margin near bottom of range) about -7.7% despite $4.4B operating cash flow.
Elsewhere CVNA (EBITDA near top of range) is about +15.7%, KLAC about +7%, F and FDX (raises) up 2-3% above VWAP, and XPO about -4.9%. Small-sample read, not a rule.

End of day · as of 2026-10-29 18:04 ET

Ticker	Guidance (vs consensus)	EPS	Revenue	% move	vs VWAP	$ flow	OCF	FCF	Cash-flow note	Expected direction
Raised (7)
F AMC	FY26 adjusted EBIT range narrowed upward to $10.5-11B. ⓘ	n/a	n/a	+3.26%	+0.91%	—	n/a	$4.7B adjusted (Q3)	n/a	n/a
FDX AMC	CY26 revenue growth ~12% versus ~11% previously; adjusted diluted EPS $18.00-18.60 versus $16.90-18.10. ⓘ	n/a	n/a	+1.03%	+0.27%	—	n/a	n/a	n/a	n/a
ILMN AMC today	FY26 revenue raised to $4.64-4.66B from $4.60-4.64B; non-GAAP EPS raised to $5.40-5.45 from $5.30-5.40; operating margin 23.6%. Guidance excludes tariff refunds. ⓘ	n/a	n/a	-11.74%	n/a	—	$419M (Q3)+47.5% y/y	$378M (Q3)+49.4% y/y	Company-reported FCF equals OCF less $41M capex; prior-year OCF $284M and FCF $253M.	BullishRaised guidance backed by strong cash flow
LLY BMO	FY26 revenue raised to $91-92B from $85-87B; non-GAAP EPS $35.00-36.00 (from $35.50-36.50) as a $4.07 underlying raise is offset by $4.57 of Q3 acquired IPR&D; performance margin 52.0-52.5% from 49.0-50.5%. ⓘ	beat	beat	+6.57%	-0.14%	+377M	n/a	n/a	Cash flow statement not in the press release; not verified. ⚠	n/a
MRK BMO	FY26 sales narrowed/raised to $66.8-67.3B from $66.3-67.3B; non-GAAP EPS raised to $2.77-2.82 from $2.66-2.76 (includes $0.12 SciBrunch charge plus Cidara/Terns charges). ⓘ	beat	beat	+3.84%	-0.68%	+57M	n/a	n/a	Cash flow not verified from the release. ⚠	n/a
MSFT AMC	FQ2 revenue $96.0-97.1B vs ~$95.6B LSEG cons; Azure growth 49-50% cc vs ~47.6% Visible Alpha; FQ2 capex over $50B, CY26 capex ~$170B (3P capacity delays); operating margin down slightly y/y. ⓘ	beat	beat	-0.11%	+0.59%	+431M	n/a	$18.63B (FQ1)-27% y/y	FCF ~$10B above analyst estimates because capex lagged on delayed third-party capacity; company expects FCF to stay positive in FY27.	BullishRaised guidance backed by strong cash flow
NOW AMC	Raised FY26 subscription revenue outlook to $15.780-15.790B and raised free cash flow margin outlook. ⓘ	miss	n/a	-26.96%	-1.15%	-1407M	n/a	n/a	n/a	n/a
Maintained / in-line (3)
CAT BMO	FY26 sales and revenues still expected to grow mid-to-high teens; adjusted operating margin (ex IEEPA tariff recoveries) still near the bottom of the target range; MP&E free cash flow still in the top half of the $6-15B target range. Q4 Construction Industries margin step-down expected slightly larger than usual. ⓘ	beat	beat	-9.27%	-0.45%	+551M	$4.4B enterprise (Q3)	$3.8B MP&E (Q3)	Enterprise OCF $4.4B; $1.2B buybacks and $0.7B dividends in the quarter; $7.9B enterprise cash.	BullishGuidance held, backed by strong cash flow
CVNA AMC	FY26 adjusted EBITDA expected near the higher end of the existing $2.7-3.0B range; Q4 retail units expected to rise sequentially. ⓘ	n/a	n/a	+15.58%	+0.07%	+179M	n/a	n/a	n/a	n/a
GOOGL AMC	FY26 capex $195-205B unchanged; capex to rise significantly in 2027 (no figure). Q4 flagged larger FX headwind and lapping Search acceleration; near-term Cloud margin pressure from third-party compute. ⓘ	miss	n/a	-12.66%	-0.40%	-712M	n/a	-$9.07B (Q3)	Second straight negative FCF quarter; cash burn far worse than the ~-$2.7B analysts expected, driven by AI capex.	NeutralGuidance held, but cash flow is weak
Cut / weak (4)
AMZN AMC today	Q4 net sales $240-247B; midpoint below ~$244.5B LSEG consensus. FY26 capex held at ~$220B; CEO expects to spend meaningfully more in 2027. ⓘ	miss	miss	-5.54%	-0.44%	+132M	n/a	-$42.4B (TTM)	Second straight negative FCF quarter; TTM outflow $42.4B (worse by 386% y/y per CNBC), driven by AI-related property and equipment purchases.	BearishGuidance cut and weak cash flow
INTC AMC today	Q4 revenue $15.0-16.0B vs ~$17.1B LSEG; non-GAAP EPS $0.25 vs ~$0.43; non-GAAP gross margin 38.0%. CFO sees PC slowdown through at least 1H27. ⓘ	beat	inline	-21.91%	-0.14%	+242M	$5.08B (Q3)+100% y/y	$1.64B adjusted (Q3)+83% y/y	Adjusted FCF includes $847M of net partner contributions and $48M of government incentives against $4.22B gross capex.	BearishGuidance cut beats strong cash flow
RBLX AMC today	Q4 bookings $1.89-2.00B (-10% to -15% y/y) vs ~$2.01B consensus; revenue $1.47-1.58B; adjusted EBITDA -$70M to -$10M; Q4 FCF -$190M to -$105M. ⓘ	beat	n/a	-16.13%	+0.17%	+55M	$395M (Q3)-28% y/y	$364M (Q3)-18% y/y	Q3 FCF flattered by about $140M of capex shifted into Q4; Q4 FCF guided negative.	BearishGuidance cut and weak cash flow
RDDT AMC today	Q4 revenue $1.00-1.03B vs ~$1.05B LSEG; adjusted EBITDA $480-510M. Management says search referral traffic is down meaningfully and the trend continues into Q4. ⓘ	beat	beat	-17.67%	+0.15%	-66M	$364M (Q3)+96% y/y	$363M (Q3)+98% y/y	Capex only $1M; FCF margin about 41% of revenue; $3.03B cash and securities.	BearishGuidance cut beats strong cash flow
Outlook only / not classified (7)
ASX BMO	Q4 revenue +6-8% q/q, gross margin 23-24%, operating margin 14.5-15.5%. New quarterly outlook; consensus comparison not verified. ⓘ	n/a	n/a	+1.50%	+1.90%	-13M	n/a	n/a	Cash flow not verified. ⚠	n/a
COIN AMC today	Q4 subscription/services revenue $550-630M; adjusted expenses $1.070-1.157B. FY26 adjusted expenses lowered/narrowed to $4.15-4.30B. Lower expense guidance is a cost reduction, not a revenue-guidance cut; consensus comparison unverified. ⓘ	n/a	n/a	-4.74%	n/a	—	n/a	n/a	OCF/FCF not verified for this update; adjusted EBITDA and adjusted net income are not cash flow. ⚠	n/a
EBAY AMC	n/a ⓘ	n/a	n/a	+2.70%	-0.60%	—	$875M (Q3)	$749M (Q3)	n/a	n/a
KLAC AMC	FY27 Q2 revenue $4.7B +/- $200M; non-GAAP EPS $1.44 +/- $0.11. New quarterly outlook; comparison to consensus not verified. ⓘ	n/a	n/a	+5.76%	+0.05%	-84M	$1.53B (Q1)	$1.34B (Q1)	n/a	n/a
MSTR AMC today	Release gives no numeric forward revenue/EPS target. Preferred-equity distributions are expected to qualify as return of capital for the foreseeable future, subject to tax conditions; this is not operating-earnings guidance. ⓘ	beat	miss	-5.75%	n/a	—	n/a	n/a	Bitcoin valuation gains are not operating cash flow. OCF/FCF not verified in this update; no cash-flow strength or directional score assigned. ⚠	n/a
SNDK AMC today	FQ2 revenue $12.2-12.6B; non-GAAP gross margin 84.5-85.5%; pre-split non-GAAP EPS $55.00-57.00. New quarterly outlook; consensus comparison not verified. ⓘ	beat	beat	-3.61%	-1.48%	-588M	$6.36B (FQ1)	$6.31B (FQ1)	Adjusted FCF $5.70B (51.6% margin) after Flash Ventures and NBM prepayment items; capex only $54M. Down q/q from $7.13B OCF.	n/a
XPO BMO	No numeric full-year guide. Management expects Q4 LTL operating-ratio improvement to materially outperform normal seasonality (about 250 bps y/y) and continued yield growth similar to Q3. ⓘ	beat	miss	+0.69%	+4.73%	+34M	$415M (Q3)	n/a	Company-reported operating cash flow vs $181M net income; $123M net capex, $150M buybacks, $100M term-loan repayment. FCF not reported as a figure.	n/a

OCF/FCF are the latest reported quarter (or 9-month where marked), from press releases/filings; n/a = not reported or not verified. Expected direction combines cash flow with guidance (cash flow can veto a raise; a guidance cut beats strong cash flow). It is a small-sample pattern (about 38 names), not a rule. Not trading advice: a pattern read, not a recommendation.

Healthcare raises held into the close: LLY (FY26 revenue raised to $91-92B) finished about +6.6% and MRK (EPS range raised) about +3.8%, both just under VWAP.
Megacap cash flow split the tape: MSFT ($18.6B FCF, guide above consensus) closed flat at about -0.1% after a +4% open, while GOOGL (-$9.1B FCF) closed about -12.7%; NOW (in-line Q4 guide, EPS miss) closed about -27% and CAT (outlook reaffirmed) about -9.3%.
After the close, weak Q4 guides were hit hard even with beats and strong cash flow: INTC about -22%, RDDT about -18% and RBLX about -16% after hours; AMZN (Q4 sales guide below consensus, TTM FCF -$42.4B) about -5.5%, and SNDK about -3.6% despite a beat.
CVNA (+15.6%), KLAC (+5.8%) and F (+3.3%, above VWAP) were the other notable gainers. Small-sample read, not a rule; after-hours prices are thin. Added: ILMN raised FY26 outlook with $378M Q3 FCF; COIN reduced its expense outlook; MSTR profit was driven by bitcoin valuation gains.