Shares of Hewlett Packard Enterprise (HWM), Adobe (ADBE), Merck (MRK), Broadcom (AVGO), Unity Software (UWMC), and Carvana (CVNA) saw notable movement following recent earnings reports and revised outlooks, with mixed performance driven by revenue growth, margin trends, and macroeconomic pressures.
- HWM revenue: $6.9B (4% YoY gain), adjusted EPS below estimates
- ADBE Q4 revenue: $2.2B (+11% YoY), raised 2026 forecast to $9.1B
- MRK adjusted EPS: $1.92, revenue $14.2B, R&D outlook revised down
- AVGO Q4 revenue: $14.2B (+14% YoY), data center segment up 22%
- UWMC revenue: $507M (+7% YoY), EBITDA margin at 16%
- CVNA revenue: $5.4B (+3% YoY), adjusted net loss of $143M
Hewlett Packard Enterprise (HWM) reported fourth-quarter revenue of $6.9 billion, a 4% increase year-over-year, as enterprise IT spending remained resilient despite broader economic headwinds. The company maintained its full-year guidance, though adjusted earnings per share fell short of estimates by 3 cents, leading to a 2.4% drop in after-hours trading. Adobe (ADBE) delivered stronger-than-expected results, posting Q4 revenue of $2.2 billion, up 11% from the prior year, driven by robust growth in its digital experience segment. The company raised its full-year 2026 revenue forecast to $9.1 billion, fueling a 5.7% surge in its stock price after hours. Merck (MRK) reported adjusted earnings per share of $1.92 for Q4, surpassing expectations by 12 cents, on $14.2 billion in revenue. The pharmaceutical giant cited continued strength in its oncology and vaccine portfolios, though it trimmed its 2025 R&D spending outlook, contributing to a modest 1.3% decline in share price. Broadcom (AVGO) announced a 14% year-over-year increase in Q4 revenue to $14.2 billion, with data center segment sales rising 22% amid sustained demand for AI-driven infrastructure. Despite guidance that exceeded expectations, the stock dipped 1.8% after the close, reflecting investor caution on near-term capital allocation. Unity Software (UWMC) reported a 7% revenue increase to $507 million in Q4, but the company’s adjusted EBITDA margin narrowed to 16%, below analysts’ projections. The stock fell 8.3% after hours on concerns about margin sustainability in a tightening ad market. Carvana (CVNA) posted a $5.4 billion revenue in Q4, a 3% year-over-year rise, but reported an adjusted net loss of $143 million. The company cited higher inventory costs and slower vehicle turnover, leading to a 6.1% decline in share price during extended trading.