News about earnings

Bloom Energy (BE) shares rose more than 4% premarket on Monday as the company entered earnings week, with its Thursday report expected to highlight growth in AI data-center power. The stock had fallen 21% the previous week, its worst weekly performance in nearly four months, amid a broader selloff in semiconductor and AI stocks and concerns over competition from CXMT's next-generation memory plans. Truist raised its price target to $240 from $218 but kept a 'Hold' rating, expecting strong third-quarter demand, and analysts expect revenue to rise about 104% to $1.06 billion. The stock is up 155% year to date, and retail sentiment on Stocktwits has been bullish, though some users warned that elevated expectations could lead to a sell-the-news reaction.

As of the afternoon of October 19, 20 securities companies had reported Q3 2026 results. TCBS (ticker TCX) posted pre-tax profit of VND 2,152 billion in Q3, its highest quarterly level on record, driven mainly by margin lending and advances on sales proceeds, which generated net income of VND 1,548 billion, up 55%. JBSV's pre-tax profit exceeded VND 46 billion, three times the same period last year, supported by lending and underwriting. In contrast, DSC's Q3 pre-tax profit fell 98% as proprietary trading weakened and costs rose; Pinetree's fell 28%; ASAM posted a pre-tax loss of over VND 1 billion, and VISC swung to a loss of over VND 812 million.

Tổng Công ty Thiết bị Điện Đông Anh (EEMC, ticker TBD) said its board will propose that shareholders dismiss board member Đặng Phan Tường at an extraordinary general meeting on 7 November, after the Investigation Police Agency under the Ministry of Public Security charged him. Under the Law on Enterprises, a person facing criminal prosecution is not eligible to sit on the board, so shareholders will also elect replacement directors for the 2026-2031 term. In the first half of 2026, EEMC posted net revenue of VND 1,111 billion, slightly higher year on year, but gross profit fell 15 billion to nearly VND 171 billion, and after-tax profit of over VND 66 billion was down 25%. Tường previously chaired the members' council of EVNNPT for 9 years, and the investigation into EVNNPT, PC1 and related units has so far led to 48 suspects being charged on 5 groups of offences, with the probe still widening.

U.S. stock futures were trending higher early Monday, shrugging off “Black Monday” crash fears circulating on social media. Wall Street is bracing for a pivotal week of mega-cap tech earnings while geopolitical tensions in the Middle East continue.

Third-quarter earnings from Netflix, Meta Platforms, IBM and Western Digital this week are expected to set the tone for tech stocks. Netflix is forecast to lift revenue 12% to $12.88 billion and EPS 40% to $0.82, while Meta's revenue is expected to rise 24% to $63.39 billion, with investors watching its Muse AI tools closely. Western Digital's results may indicate whether memory demand is durable. Bloomberg reported that Nscale faces investor resistance to the $30 billion valuation it seeks for its IPO, with a group of investors urging $16–19 billion, after Microsoft exited a UK data center deal over power-related delays. Product events from Nvidia, Cloudflare and Oracle are also on the calendar, following a week in which SOXX fell 11.8%.

Securities stocks have remained weak despite expectations of gains from FTSE Russell's market upgrade and capital market development. According to VietstockFinance, as of 09/10/2026 the sector index was down 23.46% year-to-date, much deeper than the 2.77% decline of VN-Index, and had lost 39.92% over the past year. About 80% of the 43 sector stocks were more than 20% below their recent peaks, a threshold commonly used to define a bear market. Võ Kim Phụng of Chứng khoán Beta said the sector's earnings depend on liquidity, margin lending and interest rates, and that expected gains were priced in earlier; in Q3/2026, average daily trading value on HOSE and HNX fell 58% year-on-year.

ABC and NBC evening newscasts reported ExxonMobil's record $8.4 billion first-quarter 2006 profit, but the article says they omitted how much the government collected in taxes. ABC highlighted that 15% of profits went to dividends and 40% to share buybacks, while ExxonMobil paid about $7 billion in federal income tax, equal to 83% of its profit. NBC said Exxon earned 9.5 cents per dollar of gasoline and oil sold, while the article notes an 18.4 cents per gallon federal gas tax and total taxes averaging 46 cents per gallon, versus the 28 cents Exxon earned on a $3 gallon. The article argues the coverage exaggerated the profits and ignored the tax burden.

Amazon is scheduled to report third-quarter earnings on October 29, and the author expects the stock could rally again if cloud momentum continues. AWS revenue rose 37% to $42.2 billion in the second quarter, its fastest growth in 18 quarters, while operating income reached $16.6 billion versus $10.2 billion a year earlier, and its AI business has an annualized run rate above $25 billion. Capital expenditures are expected to reach about $220 billion this year, pushing free cash flow to negative $7.6 billion over the 12 months to June 30, compared with $18.2 billion previously. The author discounts the $53.4 billion non-operating pretax income, mostly tied to the $13 billion Anthropic investment, and says AWS revenue and operating income matter more.

The BSE Sensex opened at 74,594.65, down 134.62 points (0.18%), and the NSE Nifty 50 at 23,096.85, down 49.30 points (0.21%), after last week's rally delivered the strongest weekly performance in about six months. Investors are watching September-quarter results from HDFC Bank, which narrowly missed estimates on weaker treasury income and higher bad-loan provisions, and ICICI Bank, which beat expectations on loan growth and lower provisions. Brent crude is trading near $108 a barrel, after easing from $110 on Friday, keeping pressure on sentiment. Foreign investors turned net buyers, purchasing shares worth ₹11.66 billion ($122.79 million) after 15 consecutive sessions of selling, while domestic institutions were net sellers of ₹36.61 billion. Analyst Hariselvan Radhakrishnan of HST Wealth said a positive reaction to private banks could help the market absorb higher oil prices, with Nifty facing immediate resistance at 23,150.

Haxaco (HAX, HoSE) reported net profit of nearly 3.6 billion VND in Q3/2026, reversing a loss of nearly 25.8 billion VND a year earlier. Net revenue for the quarter reached nearly 1,391.8 billion VND, up 21%, while gross profit rose 112% to nearly 126.4 billion VND. Financial expenses climbed from nearly 9.2 billion VND to nearly 28 billion VND. However, total liabilities at period-end rose 107% from the start of the year to over 2,293.3 billion VND, with short-term borrowings and finance leases of nearly 1,640 billion VND. Operating cash flow for the first nine months was negative by more than 460.2 billion VND, and nine-month interest expense of nearly 61.8 billion VND was more than double the prior-year figure.

U.S. stock index futures rose overnight ahead of Monday after a rough week, as investors looked to Big Tech earnings to restore momentum amid fears of an AI bubble. As of 11:30 p.m. ET, S&P 500 futures were up 0.8%, Nasdaq futures rose more than 1%, and Dow futures gained 0.5%. Last week the Nasdaq Composite fell nearly 4.5% and the S&P 500 dropped 1.95%, their worst weeks since early June, while the Dow rose 0.67% for its second straight weekly gain. Netflix, SpaceX, Tesla and Meta report this week, with Meta expected to post EPS of $6.58 on revenue of $63.34 billion. Oil eased, with Brent falling nearly 1.9% to $107.88 a barrel, while retail sentiment on Stocktwits was neutral on QQQ and bearish on SPY and DIA.

Carvana (CVNA) sold 197,325 vehicles in the second quarter, up 38% from a year earlier, with record revenue of $7.38 billion and net income of $513 million. Higher interest rates are squeezing profit per car, as the spread the company earns on auto loans narrows when benchmark rates rise faster than customer APRs. Morgan Stanley kept its Overweight rating but cut its price target to $88 from $90 and its adjusted EBITDA estimate by 2% to $797 million. It models third-quarter Other GPU of $2,565 and calls the quarter a potential “clearing event” that could reset expectations before growth returns to focus. Carvana shares are down 30.30% year-to-date ahead of its October 28 report.

HOSE moved PLP shares from the control list to the trading restriction list effective 23/10, because the company was more than 45 days late in filing its 2026 semi-annual reviewed financial statements. Chairman Lê Mai Thanh Phương had earlier sent an open letter to shareholders, attributing the delay mainly to a later-than-planned audit contract with the new auditor UHY, and said PLP aims to publish the statements in October 2026. The letter said nine-month revenue is estimated at 2.42 thousand billion VND, up 25%, with sales volume of about 3.6 million m2. The company also cited positive signals, including the SPC flooring plant being about 60% filled to design capacity and contracts with United Weaver and Flooring Partner, and said it sees the episode as a chance to tighten governance discipline and transparency.

Profit warnings from London-listed companies rose to 65 over the summer, up from 59 in the second quarter and the most since the fourth quarter of 2024, when 71 were issued, according to EY. Over half of firms blamed geopolitical uncertainty, with 38% citing the Middle East conflict, while others pointed to cancelled or delayed contracts and weaker consumer confidence. Construction and household goods had the most warnings at 8, including 6 from housebuilders, taking the housebuilders' year-to-date total to 14, above the 10 issued at the peak of the 2008 financial crisis. EY said this is not a conventional economic cycle, and housebuilders face cost and interest rate pressure while details of the government's first-time buyer support remain unconfirmed.

Mirae Asset Securities (MASVN) says PC1 has several business pillars and could recover more clearly from 2027, forecasting 2026 net revenue of VND 11,187 billion (down 14.5%) and after-tax profit of about VND 1,109 billion (down 18.2%). Key drivers include transmission grid investment of about US$18.1 billion over 2026–2030 and a backlog estimated at around VND 4,000 billion. In power generation, the 13 MW Thượng Hà hydropower plant is operating, while the 30 MW Bảo Lạc A is expected to start generating from November 2026. In the first half, PC1 posted net revenue of VND 4,206 billion (down 12.3%) but consolidated after-tax profit of nearly VND 478 billion (up 54.2%), helped by power generation, mining and a profit of about VND 120 billion from the divestment of CT2. Risks include the pace of capital disbursement for power projects, nickel price swings and senior personnel changes.

TMT Motors plans to launch a new lineup of commercial vehicles in Q4 2026, including electric trucks, electric vans and combustion-engine trucks. The G100P EV electric truck has a 990 kg payload and up to 300 km per charge, while the G230P REEV, an extended-range electric version, has a total range of up to 1,038 km. The company has not yet disclosed prices or commercial launch dates, and it targets at least 1,000 charging points operating by end-2026 through TMT-EGREEN. In the first half of 2026, TMT Motors booked net revenue of about VND 1,103 billion, down 11%, while after-tax profit rose 16.3% to about VND 64 billion. After six months, the company had completed about 30% of its full-year revenue plan and 29% of its profit target.

VPBank reported consolidated pre-tax profit of nearly VND 30,000 billion for the first nine months, equal to its full-year 2025 result, up nearly 47% and reaching about 72.4% of its annual plan; Q3 profit exceeded VND 11,000 billion, its highest quarterly level in history. Consolidated total operating income rose 25.3% to nearly VND 65,500 billion, with net interest income up 26.7% and net service income up 76.3%. ABBank estimates pre-tax profit of VND 4,540 billion, up 97% and completing 100% of its annual profit plan, with its NPL ratio kept below the 1.5% target. Nam A Bank posted over VND 4,700 billion, up 25% and reaching nearly 80% of its annual plan, while its NPL ratio was about 1.5% and its CAR stood at 11.3%. Vietbank earned VND 1,297 billion, up 50%, and SHB estimates VND 14,300 billion for nine months.

Shares of ChangXin Memory Technologies (CXMT) fell 6.5% on Monday, even after the company forecast a sharp swing to profitability for January–September 2026. It expects net profit attributable to shareholders of 131 billion to 132.5 billion yuan ($19.58 billion), versus a net loss of 5.28 billion yuan a year earlier, on revenue of 265 billion to 270 billion yuan. The company attributed the improvement to surging AI computing demand that has boosted the global DRAM market, causing supply shortages and sharp price increases. CXMT now accounts for 10% of global DRAM revenue in Q3 2026, up from 5% a year earlier, according to Counterpoint Research.

VPBank’s consolidated pre-tax profit for the first nine months reached nearly 30,000 billion VND, up nearly 47% year on year and equal to its full-year 2025 result, or about 72.4% of plan. Net interest income rose 26.7% to nearly 53,100 billion VND, while net service income jumped 76.3%, lifting total operating income to nearly 65,500 billion VND (up 25.3%). Consolidated total assets topped 1.6 million billion VND, up 27.8% from end-2025, and customer deposits and valuable papers reached nearly 987,000 billion VND (up 34.2%). Individual NPL was held around 2%, below the 2.5% target, and third-quarter pre-tax profit exceeded 11,000 billion VND, marking two consecutive quarters of record profit.

TCBS reported a record Q3 2026 pre-tax profit of VND 2,152 billion, lifting nine-month pre-tax profit to VND 5,708 billion, up 13% year-on-year and 76% of its full-year plan. Margin lending and advances remained the main growth driver, with net income of VND 1,548 billion (up 55%) and outstanding balances of VND 54,740 billion as of 30/09/2026 (up 25% from end-2025). Brokerage, commission and custody income fell 39% to VND 64 billion, mainly because high interest rates weighed on fund certificate distribution. Investment banking income rose 45% to VND 740 billion, and customer accounts exceeded 1.3 million, up 14% year-on-year. Funding and bond distribution income was VND 1,155 billion, up 1%, with over VND 45.6 trillion of corporate bonds distributed, up 144%.

Nguyen Thi Nga, Chairwoman of BRG Group and SeABank, recalls her father's lesson that one who borrows little must repay in full and one who borrows ginger must repay with honey, and she treats every opportunity or trust she receives as a loan that must be repaid with dedication and results. She holds that good growth is not growth at any cost, which is why SeABank invested early from 2006 in the T24 core banking system and partnered with Société Générale to standardize its retail model. Over more than 30 years, the bank has raised its charter capital from VND 5 billion to VND 32,688 billion, with assets of nearly VND 400,000 billion and 2025 pre-tax profit of VND 6,868 billion. The article also covers the Sheraton Grand Da Nang project, which had to be completed in 14 months to serve the APEC 2017 Summit, when progress at one point ran two to three months behind schedule. Ms Nga says there were moments she wanted to step back, but she kept going out of responsibility to tens of thousands of employees.

US stock futures rose and oil edged lower as traders prepared for a busy earnings week, with more than 70 S&P 500 companies reporting, including Tesla and Meta. The S&P 500 fell 1.1% on Friday, its worst week since June, while the VIX jumped to a four-month high as tech shares slumped. Brent crude fell 0.7% to near $110 a barrel, adding to inflation worries and complicating the outlook for interest rates ahead of the Federal Reserve's Oct. 28 decision. Investors are watching whether heavy AI infrastructure spending will deliver adequate returns, while geopolitical risks rise amid strained US-Ukraine relations. Analysts describe a period of heightened uncertainty, with Asia especially exposed to chips, higher yields and energy prices.

Citigroup posted strong third-quarter 2026 results, with revenue of US$23.8b (up 8%, its highest third-quarter revenue in a decade) and net income up 37% to US$5.2b. EPS of US$2.85 beat estimates of US$2.65, and adjusted EPS excluding a goodwill impairment was US$2.24, up 20%, helped by expenses rising just 3%. Despite this, shares fell almost 5% after the October 13 release to US$126, about 13% below their US$145 52-week closing high. The article cites a CET1 ratio of 12.8%, a dividend of US$0.67 per share (2.18% yield) and a 24% payout ratio as support for the dividend, and notes the stock trades at 10 times forward earnings. The author is skeptical of the 25% upside implied by the median analyst target of US$154, but says Citigroup may be a decent option for dividend investors among large banks.

The article frames Meta's upcoming earnings as a test of investor confidence in AI-driven ad monetization, following a sharp pullback in Nvidia and the Nasdaq 100. It profiles three stocks it sees as positioned to benefit if that confidence holds, including Zeta Global (ZETA), an AI-focused marketing cloud with about US$1.6b in revenue and an US$8.0b market cap. Adobe, with a US$95.4b market cap, is also covered for its creative and marketing clouds that help brands design campaigns and measure performance. The piece flags an unresolved pressure on Zeta's model: balancing richer AI tools against long-term margins.

TSMC reported a strong third quarter driven by AI chip demand, with revenue up 51% in New Taiwan dollars and 41% in US dollars, and profit up 69% year over year. The stock still fell during the trading day after earnings, which the author attributes more to the broader market outlook than to the results. CEO C.C. Wei said demand is very robust with no sign of slowdown, and that the earlier guidance of a 50% CAGR for AI-related chip revenue from 2024 to 2029 may be too low. The author notes the stock trades at 18 times next year's earnings and 27 times trailing earnings; if TSMC meets 2027 expectations and the valuation holds at 27 times, that math implies a 50% rise, though the author stresses this is only arithmetic and not a certainty.

ASML reported record third-quarter 2026 revenue of 11.7 billion euros, up 56% from a year earlier, with gross margin rising to 57.5% and earnings per share up 136% to 12.95 euros, and it raised full-year guidance. CEO Christophe Fouquet said customers do not expect supply to catch up with demand until 2028, even with plans to increase supply by 30% in 2027 and 2028. For the current quarter, guidance is 14.7 billion euros in revenue, a 51% rise, with a 57% gross margin. The article says the stock trades at 29 times forward earnings versus 20 for the S&P 500, with consensus expecting 67% earnings growth in 2026 against 32% for the index. Its scenario assumes 45% annual earnings growth in 2027 and 2028 and an unchanged 29x multiple, which would imply a price of $2,827 in 2028, or 72% upside.

Wall Street's AI rally faces a test as investors await earnings from Meta, Tesla, chipmakers Lam Research and Texas Instruments, and SpaceX. Recent declines in AI, chip and hardware stocks such as Dell Technologies have raised doubts about whether the rally can continue. LSEG IBES data show S&P 500 earnings are expected to rise more than 30% in the third quarter, but investors want proof that heavy AI spending will pay off. Goldman Sachs expects five hyperscalers to lift combined capital spending to around $1.2 trillion next year. The S&P 500 posted its biggest weekly fall since June but remained only about 2% below its record high.

Share markets have held up well despite rising interest rates, with the ASX 200 flat and the NZX 50 up about 2%, while conservative assets fell as rates rose. Markets expect S&P 500 earnings growth of almost 30% in the upcoming reporting season, and the index's 12-month forward P/E of 19.1 is in line with its 10-year average. Central banks may keep tightening: the Reserve Bank of New Zealand's Official Cash Rate is expected to finish the year at 3%, up from 2.75% today, and the US 10-year Treasury yield has climbed to 5.4%, its highest since 2002. The article notes that the December quarter has historically been the strongest for US shares, averaging a 3.1% gain since 1930. It also compares today's backdrop to 2018, when the S&P 500 fell 14% in the last three months of that year.

ASML reported record third-quarter results on October 14 and raised its full-year guidance. Revenue reached 11.7 billion euros, up 56% year over year, with gross margin rising to 57.5% and earnings per share jumping 136% to 12.95 euros. CEO Christophe Fouquet said supply is not expected to catch up with demand until at least 2028, and guidance calls for 14.7 billion euros in revenue next quarter, up 51%. The stock trades at 29 times forward earnings, a premium to the S&P 500's 20, which the author says is justified by expected growth. Assuming 45% annual earnings growth in 2027 and 2028, the author projects EPS of 97.49 USD and a stock price of 2,827 USD by 2028, implying 72% upside.

ASML reported record third-quarter results on Oct. 14, with revenue of €11.7 billion, up 56% year over year, a gross margin of 57.5%, and earnings per share up 136% to €12.95, and it raised its full-year guidance. The company expects €14.7 billion in revenue for the current quarter at the midpoint of its range. CEO Christophe Fouquet said customers don't expect supply to catch up with demand until at least 2028, while ASML aims to raise supply by 30% in both 2027 and 2028. The article argues that concerns about AI infrastructure spending may be overblown and, assuming 45% annual earnings growth, suggests the stock could rise about 72%, though it trades at 29 times forward earnings.

As of October 19, 13 securities firms had reported Q3 2026 results, with 7 posting profits and 6 losses. KAFI recorded Q3 operating revenue of nearly 981 billion VND, up 15%, but pre-tax profit fell nearly 13% to 171 billion VND as financial expenses rose 53% to nearly 351 billion VND, mainly interest expense of over 319 billion VND. For the first nine months, KAFI posted operating revenue of over 3,004 billion VND (up 63%) and after-tax profit of over 431 billion VND. Guotai Haitong (Vietnam) saw Q3 pre-tax profit jump 165% to over 14 billion VND on lending and investment income, while Đại Việt still posted a pre-tax loss of nearly 3.9 billion VND, narrower than the 4.1 billion VND loss a year earlier.

Orchid Island Capital (NYSE: ORC) estimates a loss of $0.90 per share in the third quarter, as losses on mortgage securities and derivatives reduced book value, and has declared another $0.10 monthly dividend. These preliminary figures remain subject to change and review by its independent accounting firm. This compares with a profitable second quarter, when the company reported net income of $89.2 million, or $0.44 per share, supported by $60.0 million of net interest income and $36.0 million of gains. Book value was $7.22 per share at June 30, and the company had $776.0 million of cash, cash equivalents and unpledged securities. Full third-quarter results will be published after the NYSE closes on October 22, with a conference call on October 23 at 10 a.m. Eastern time.

SJS shares of SJ Group rose 6.3% to 57,100 VND on October 16, touching the ceiling price at one point after hitting the daily limit on October 15, which lifted market capitalization to nearly 17,000 billion VND. In the consolidated Q3 2026 report, net revenue reached 1,785 billion VND, 67 times the year-ago level, and after-tax profit reached 1,012 billion VND, 327 times higher, driven by continued sales at the Nam An Khánh project. For the first nine months, revenue rose 586% to 2,543 billion VND and after-tax profit rose 720% to 1,432 billion VND. Buyer prepayments at the project fell to nearly 13.4 billion VND from nearly 679 billion VND at the start of the year, while total liabilities fell 14% to 3,785 billion VND and equity rose 41% to 4,871 billion VND.

General Director Bùi Văn Huy of FIDT says the VN-Index's P/E of about 12 times (about 10 times excluding the Vingroup group) looks more attractive, but weak liquidity makes gradual accumulation the more suitable approach. He notes that investors who have not yet deployed capital could test with 20–30% of their planned amount, keeping the rest in deposits or short-term bond funds, while reviewing funds heavily concentrated in a few stocks. FIDT's estimates show Q3 2026 profit growth diverging sharply: residential real estate up 185%, oil and gas up 141%, retail up 90.9%, steel up 40.8%, while construction is seen falling 85.8%. However, excluding Vinhomes (VHM), the remaining residential real estate companies' profits are estimated to fall about 0.4%, indicating that growth is concentrated in large sector leaders.

A heavy earnings week begins with Meta Platforms, Tesla, Netflix and Texas Instruments set to report, alongside Wednesday's crude oil inventory data. Pressure on semiconductor stocks and doubts about AI spending remain the main focus for markets.