The latest earnings show strong growth across software, electrical equipment and semiconductor testing, alongside a sharp increase in refining profits. Apple delivered record September-quarter sales, Palantir nearly doubled revenue, and Pfizer raised its annual outlook, while Vertex’s higher sales were accompanied by lower earnings.
In Simple Words
Revenue measures sales, while net income shows the profit remaining after expenses. Adjusted earnings exclude selected costs or gains, so compare them with the same measure from the previous year and read the forecast alongside the completed quarter.
All financial figures are in US dollars.
Apple: Record September-quarter sales support higher earnings
Apple increased revenue and profit, with iPhone sales reaching a September-quarter record and Services setting an all-time high. Earnings also benefited from tariff refunds, which contributed to both gross margin and diluted EPS.
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| Measure | Reported | Comparison or guidance |
|---|---|---|
| Revenue | $114.477 billion | $102.466 billion year-ago; up 12% |
| Diluted EPS | $2.10 | $1.85 year-ago; up 14% |
| Net income | $30.711 billion | $27.466 billion year-ago |
| Services revenue | $31.573 billion | $28.750 billion year-ago |
| Gross margin | 47.9% | Includes approximately 1 percentage point from tariff refunds |
Results were released after Monday’s close; tariff refunds contributed $0.05 to EPS.
Palantir: Revenue nearly doubles and annual guidance rises
Palantir delivered rapid growth in both commercial and government revenue, with US commercial sales increasing particularly strongly. Operating profit and cash generation expanded alongside revenue, and management raised its annual financial outlook.
| Measure | Reported | Comparison or guidance |
|---|---|---|
| Revenue | $2.313 billion | Up 96% year-on-year |
| GAAP diluted EPS | $0.44 | Adjusted diluted EPS also $0.44 |
| Net income attributable to common shareholders | $1.128 billion | $475.6 million year-ago |
| GAAP operating income | $1.085 billion | $393.3 million year-ago |
| Annual revenue guidance | $8.530–$8.534 billion | Raised |
| Annual adjusted free-cash-flow guidance | $4.8–$5.0 billion | Raised |
The figures cover the third quarter and were released Monday evening.
Pfizer: Higher guidance despite lower reported profit
Pfizer raised its annual revenue and adjusted earnings forecasts as growth outside its COVID products helped offset declining contributions from those medicines. Quarterly adjusted EPS was unchanged from a year earlier, while reported profit declined.
| Measure | Reported | Comparison or guidance |
|---|---|---|
| Revenue | $16.583 billion | $16.654 billion year-ago |
| Adjusted diluted EPS | $0.87 | Unchanged year-on-year |
| GAAP diluted EPS | $0.56 | $0.62 year-ago |
| Reported net income | $3.242 billion | $3.541 billion year-ago; down 8% |
| Annual revenue guidance | $62–$64 billion | Previously $60.5–$62.5 billion |
| Annual adjusted EPS guidance | $2.95–$3.05 | Previously $2.80–$3.00 |
Excluding Comirnaty and Paxlovid, revenue increased 7% on an operational basis.
Eaton: Electrical demand drives record adjusted earnings
Eaton increased sales substantially, supported by strong organic growth across its electrical businesses. Record segment margins and higher adjusted earnings accompanied an increase in the annual organic-growth outlook.
| Measure | Reported | Comparison or guidance |
|---|---|---|
| Revenue | $8.947 billion | $6.988 billion year-ago; up 28% |
| Adjusted EPS | $3.68 | $3.07 year-ago |
| GAAP diluted EPS | $2.77 | $2.59 year-ago |
| Net income attributable to shareholders | $1.078 billion | $1.010 billion year-ago |
| Segment margin | 25.3% | Up 0.3 percentage points year-on-year |
| Annual adjusted EPS guidance | $13.70–$13.80 | Organic-growth guidance of 13%–15% |
Organic sales increased 19%, distinguishing underlying growth from the total reported increase.
Marathon Petroleum: Refining earnings increase sharply
Marathon Petroleum reported a substantial rise in earnings, with its refining and marketing business providing most of the improvement. Midstream earnings also increased, adding to the company’s consolidated cash-generating performance.
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| Measure | Reported | Comparison or guidance |
|---|---|---|
| Sales and operating revenue | $56.032 billion | $34.809 billion year-ago |
| Adjusted diluted EPS | $26.93 | $3.01 year-ago |
| GAAP diluted EPS | $26.59 | $4.51 year-ago |
| Net income attributable to shareholders | Approximately $7.4 billion | Approximately $1.4 billion year-ago |
| Adjusted EBITDA | Approximately $11.7 billion | Approximately $3.2 billion year-ago |
Adjusted net income was approximately $7.5 billion, compared with $915 million a year earlier.
AMETEK: Higher sales and margins support an outlook upgrade
AMETEK delivered record quarterly sales and adjusted earnings, with operating profit growing faster than revenue. Stronger margins and cash generation supported a higher annual adjusted EPS forecast.
| Measure | Reported | Comparison or guidance |
|---|---|---|
| Revenue | $2.220 billion | $1.893 billion year-ago; up approximately 17% |
| Adjusted diluted EPS | $2.21 | Up 17% year-on-year |
| GAAP diluted EPS | $1.85 | $1.60 year-ago |
| Net income | $426.3 million | $371.4 million year-ago |
| Adjusted operating margin | 26.8% | Up 0.6 percentage points |
| Annual adjusted EPS guidance | $8.53–$8.57 | Previously $8.20–$8.30 |
Adjusted EPS excludes acquisition-related amortisation and transaction and integration costs.
Vertex Pharmaceuticals: Sales rise while expenses pressure earnings
Vertex increased quarterly revenue and raised its annual sales outlook. Higher research and administrative expenses weighed on reported profitability, while adjusted earnings also slipped from the previous year.
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| Measure | Reported | Comparison or guidance |
|---|---|---|
| Revenue | $3.441 billion | $3.076 billion year-ago; up approximately 12% |
| Adjusted diluted EPS | $4.76 | $4.80 year-ago |
| GAAP diluted EPS | $2.56 | $4.20 year-ago |
| GAAP net income | $653.6 million | $1.083 billion year-ago |
| Adjusted net income | $1.214 billion | $1.236 billion year-ago |
| Annual revenue guidance | $13.15–$13.25 billion | Previously $13.1–$13.2 billion |
Reported and adjusted earnings both declined despite the increase in sales.
Williams: Service revenue supports steady profit growth
Williams increased revenue, earnings and operating cash flow, supported by higher service revenue. Management said performance was tracking towards the upper half of its annual adjusted EBITDA guidance.
| Measure | Reported | Comparison or guidance |
|---|---|---|
| Revenue | $3.223 billion | $2.923 billion year-ago |
| Adjusted diluted EPS | $0.54 | Up 10% year-on-year |
| GAAP diluted EPS | $0.56 | Up 6% year-on-year |
| GAAP net income | $699 million | Up 8% year-on-year |
| Adjusted EBITDA | $2.039 billion | Up 6% year-on-year |
| Annual adjusted EBITDA guidance | $8.3–$8.5 billion | Tracking towards the upper half |
Operating cash flow increased 5% to $1.505 billion.
Backblaze: Cloud storage growth lifts profitability
Backblaze increased revenue and narrowed its reported loss as B2 Cloud Storage growth accelerated. Adjusted profitability improved more sharply, and management raised its annual revenue and EBITDA-margin forecasts.
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| Measure | Reported | Comparison or guidance |
|---|---|---|
| Revenue | $46.7 million | Up 26% year-on-year |
| GAAP loss per share | $0.04 | $0.07 loss year-ago |
| GAAP net loss | $2.4 million | $3.8 million loss year-ago |
| Adjusted EBITDA | $15.2 million | $8.4 million year-ago |
| Annual revenue guidance | $177.8–$178.2 million | Previously $172–$174 million |
| Annual adjusted EBITDA margin guidance | 30%–31% | Previously 27%–29% |
B2 Cloud Storage revenue grew 47%, while Computer Backup revenue declined 2%.
Harmonic: Stronger continuing operations support higher guidance
Harmonic’s continuing operations delivered substantially higher revenue and operating profit. Sales exceeded the upper end of the company’s forecast, prompting an increase in its annual revenue outlook.
| Measure | Reported | Comparison or guidance |
|---|---|---|
| Revenue | $148.8 million | $90.5 million year-ago; up 64% |
| Adjusted EPS from continuing operations | $0.23 | Non-GAAP measure |
| GAAP EPS from continuing operations | $0.16 | Approximately breakeven year-ago |
| GAAP operating profit | $26.2 million | $4.0 million year-ago |
| Annual revenue guidance | $545–$555 million | Raised |
| Annual adjusted EPS guidance | $0.80–$0.84 | Continuing-operations outlook |
The table uses continuing operations so that discontinued activities do not distort the comparison.
Aehr Test Systems: Revenue triples and losses turn to profit
Aehr Test Systems reported record fiscal first-quarter revenue and returned to a GAAP profit. Stronger orders and backlog supported an increase in its annual revenue outlook to the top of the previous range.
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| Measure | Reported | Comparison or guidance |
|---|---|---|
| Revenue | $33.0 million | $11.0 million year-ago; up 200% |
| Adjusted diluted EPS | $0.28 | $0.01 year-ago |
| GAAP diluted EPS | $0.21 | $0.07 loss year-ago |
| GAAP net income | Approximately $7.2 million | Approximately $2.1 million loss year-ago |
| Bookings | $46.7 million | Exceeded quarterly revenue |
| Annual revenue guidance | $150 million | Previously $130–$150 million |
The company expects annual non-GAAP net income of at least 20% of revenue.
Lattice Semiconductor: Record sales produce stronger annual growth
Lattice Semiconductor reported record quarterly revenue, supported by demand in compute, communications and industrial applications. Adjusted earnings rose strongly from a year earlier, although reported net income declined sequentially.
| Measure | Reported | Comparison or guidance |
|---|---|---|
| Revenue | Approximately $291 million | $133.3 million year-ago; up 118% |
| Adjusted diluted EPS | $0.72 | Up approximately 160% year-on-year |
| GAAP diluted EPS | $0.08 | $0.02 year-ago |
| GAAP net income | $11.2 million | $2.8 million year-ago |
| Next-quarter revenue guidance | $325–$345 million | Fourth-quarter outlook |
| Next-quarter adjusted EPS guidance | $0.82–$0.86 | Non-GAAP basis |
GAAP net income was lower than the preceding quarter’s $19.4 million.
Disclaimer: This article is published for educational and informational purposes only and does not constitute financial, investment or trading advice. OneTrader is not registered with the Securities and Exchange Board of India (SEBI) as an investment adviser or research analyst. The information presented is not a recommendation to buy, sell or hold any security. Market conditions and company developments may change.
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