Here are the names that are stepping into the earnings spotlight this week.
May 10, 2026
Editor's note: With most of the S&P 500 earnings reports behind us, what has stood out to you so far this earnings season?
Write us at [email protected]. We value your input and may feature your responses in a future post.
The busiest stretch of the earnings season is behind us, but the information is still coming fast.
Last week alone, we saw Sandisk $SNDK extend its monster run, Fortinet $FTNT and Datadog $DDOG light a fire in the software industry, and Zoetis $ZTS broke down from a massive top after its worst earnings reaction ever.
We also saw the other side of the tape, where great fundamental stories like Palantir $PLTR still got punished because expectations were too high.
That is the beauty of earnings season...
The numbers tell us what happened, and the reactions tell us what the market thinks about the numbers.
And next week, we'll get another wave of reports that should tell us even more about earnings sentiment.
But before we look ahead, let’s review what we learned last week.
Following a blockbuster report, Sandisk $SNDK rallied 8.3% for its 3rd consecutive positive earnings reaction. The stock is now up more than 400% in 2026, making it by far the best-performing stock in the S&P 500.
After missing headline expectations across the board, Stryker $SYK cratered 6.5% for its worst earnings reaction since 2010. In addition to the terrible earnings reaction, the stock has decisively resolved a textbook distribution pattern and is trading at new 52-week lows.
In reaction to a better-than-expected earnings report, Tyson Foods $TSN soared 8% and had its best earnings reaction since Q1 2022. This earnings event put the finishing touches on a textbook multi-year bullish reversal pattern.
After posting a big double miss, Loews $L fell nearly 6% for its 3rd consecutive negative earnings reaction. Looking at the chart, L violated a multi-year uptrend line, which had been in place since last year's low.
Despite reporting mixed headline results, Archer Daniels Midland $ADM rallied 3.8% to a new 52-week high. We believe this positive reaction was likely due to the management team's positive forward guidance. They raised their full-year adjusted EPS guidance to $4.15–$4.70 from the prior range of $3.60–$4.25.
Despite crushing the market's headline expectations, Palantir $PLTR fell nearly 7%. The company reported 85% YoY revenue growth, its highest ever as a public company, yet it wasn't enough to spark a rally.
On the back of a historic earnings report, Advanced Micro Devices $AMD rallied 18.6% for its best earnings reaction since Q1 2019. The company delivered 57% YoY growth in data center revenue. And due to the AI buildout, the management team expects the server CPU market to grow at 35% annually, reaching $120 billion by 2030.
Despite crushing the market's headline expectations, Arista Networks $ANET cratered 13.6% for its worst earnings reaction since Q2 2023. This move created a textbook bull trap, setting the stage for a bigger move down.
In reaction to a big double beat, Fortinet $FTNT rallied 20% for its 4th-best earnings reaction ever. The company posted a record free cash flow of more than $1 billion and raised its full-year 2026 revenue guidance.
After missing expectations across the board, Zoetis $ZTS tanked 21.5% for its 7th consecutive negative earnings reaction and worst earnings reaction ever. As if that wasn't bad enough, this move also put the finishing touches on a massive distribution pattern, with the stock breaking down to its lowest level since 2019.
What's happening next week 👇
Next week is another loaded earnings slate, and while the heart of S&P 500 earnings season is now behind us, the Beat Calendar still has more than enough firepower to move the tape.
Monday brings reports from Circle $CRCL, Hims & Hers Health $HIMS, Constellation Energy $CEG, AST SpaceMobile $ASTS, and several other high-beta growth names.
Tuesday is even more interesting, with Sea Ltd. $SE, JD.com $JD, On Holdings $ONON, First Majestic Silver $AG, Franco-Nevada $FNV, Oklo $OKLO, and more.
Wednesday brings Alibaba $BABA, Nebius $NBIS, Cisco Systems $CSCO, Eos Energy $EOSE, and more growth stocks.
Then Thursday brings another fascinating batch with Ondas $ONDS, Applied Materials $AMAT, Nu Holdings $NU, Klarna $KLAR, Figma $FIG, Bullish $BLSH, Bitdeer $BTDR, Intuitive Machines $LUNR, and more.
Finally, Friday is quieter with only a handful of names reporting.
So yes, the pace is slowing compared with the peak of S&P 500 earnings season, but the opportunity set is still very alive.
The three reports we care about most next week are SE, JD, and CSCO.
Sea Ltd. reports Tuesday before the open, and the market is looking for $6.46 billion in revenue and $0.75 in earnings per share.
This is one of the most important setups on the calendar because the chart is wound tight. Price has been coiling inside a textbook wedge formation for weeks, and that kind of volatility compression usually does not last forever.
For this note, the big idea is simple: this is one of the most compelling growth stories in Asia, and the chart is setting up for a decisive resolution.
The earnings scorecard is where things get especially interesting.
Sea Ltd. has been punished for back-to-back reports despite continuing to post incredible fundamental performance. That negative earnings sentiment has been the main headwind.
But this stock has also shown us what it looks like when sentiment flips. From early 2024 through late 2025, Sea was rewarded for 7 consecutive earnings reports.
We think something similar could start again if the company delivers and the stock finally breaks higher out of this coil.
The business has three growth engines, and all three are still moving.
Last quarter, Shopee revenue grew 35.8% YoY, Monee loans principal outstanding grew 80.4% YoY, and Garena bookings grew 23.8% YoY.
That is e-commerce, fintech, and gaming all contributing to the story at the same time.
And that is why we believe the setup is so exciting. The stock has gone quiet, but the business has not.
Next up is JD.com, which also reports Tuesday before the open. The market is looking for $45.61 billion in revenue and $0.53 in earnings per share, and the technical level could not be cleaner.
Heading into the report, all eyes are on $30.
JD has spent the past few months carving out a textbook bullish reversal pattern, then broke out a few weeks ago and started consolidating right at a shelf of former highs.
If the stock holds above $30, the path of least resistance is higher back toward the peak from the back half of 2025. If it slips back below that level, the setup will probably need more time, and price action could get messy again.
But here is the important part: Chinese tech stocks have been catching fire.
That matters because JD just delivered its best earnings reaction in years last quarter, rallying 6% with a reaction score of 5.00, despite missing top and bottom-line expectations.
Before the last quarter, JD.com had been punished for 2 consecutive earnings reports, so the reaction marked a meaningful change in character. The market looked right through the disappointing headline numbers and focused on something else.
And the fundamental story gives the bulls something to work with.
JD.com exceeded 700 million annual active customers in 2025, growing 30% YoY last quarter, and user shopping frequency surged more than 40% for the full year.
JD Retail has also accelerated back to double-digit top-line growth while expanding operating margin for the 6th consecutive year.
This is a business with a massive user base, improving engagement, a strong advertising engine, and a supply chain model that still gives it a major competitive advantage in Chinese e-commerce.
So now the question is whether price confirms the improvement.
If JD stays above $30 after this report, the bullish reversal is alive. If it fails there, more patience will be required.
Finally, we have Cisco Systems, which reports Wednesday after the close. The market is looking for $15.54 billion in revenue and $1.04 in earnings per share, and this chart is one of the best long-term setups in the entire market.
From 1994 to 2000, Cisco rallied roughly 7,800% in a near-vertical line.
Then it went sideways for 26 years...
Now, after more than a quarter century of digestion, the stock is finally breaking out above its 2000 peak and trading at new all-time highs.
Structurally, this looks like the beginning of a brand-new primary uptrend.
That alone makes the report important.
But the earnings sentiment is a problem for this stock right now.
Last quarter, Cisco fell more than 12% for its worst earnings reaction since May 2022, and its reaction score was the worst since November 2023.
That is the concern...
The chart looks phenomenal, and the AI infrastructure trade is red-hot, but earnings sentiment is not yet acting as a tailwind.
This week’s report gives Cisco a chance to change that.
Last quarter, Cisco delivered 10% YoY revenue growth and 11% YoY non-GAAP EPS growth.
Product orders grew 18% YoY, networking product orders grew more than 20% YoY, and the company took $2.1 billion of AI infrastructure orders from hyperscalers.
It also took another $350 million of AI orders from neocloud, sovereign, and enterprise customers, with a pipeline of more than $2.5 billion in those markets.
That is the story the bulls want to see continue.
Cisco is trying to position itself as the trusted infrastructure backbone of the AI era, so this is not your grandfather’s Cisco.
At least, that is what the chart is telling us...
But with CSCO ripping to new all-time highs, expectations are sky-high, and any disappointment will likely get punished quickly.
Thank you for reading. We hope you have a Happy Mother's Day!
-The Beat Team
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