Former Intel CEO Pat Gelsinger praised Nvidia's decision to manufacture its Blackwell AI chips in Arizona, calling it a key step toward strengthening U.S. semiconductor supply chains as Nvidia expands domestic production and deepens its partnership with Intel.
Although Norwegian Cruise Line has considerably underperformed the broader market over the past year, Wall Street analysts maintain a moderately optimistic outlook about the stock’s prospects.
Spiegel emphasized that Snap has been investing in wearable computing for over a decade, even before Snapchat had a chat feature – and that his company’s AR glasses will be “infinitely more capable than Meta’s smart glasses.”
Microsoft CFO Amy Hood acknowledged that surging AI demand has left Azure "short on capacity," likely limiting cloud revenue growth despite the company's strong first-quarter results and record $77.7 billion in revenue.
For the 222 S&P 500 members that have reported Q3 results, total earnings are up +10.7% from the same period last year on +8% higher revenues, with 83.8% beating EPS estimates and 77.9% beating revenue estimates.
The company requested a meeting with the FDA to discuss an accelerated approval pathway for its lead cancer drug, PDS0101, following strong final data from its VERSATILE-002 trial.
Q3 revenue of $995.7 million beat Align’s own forecast range of $965 million to $985 million, fueled by strong growth in clear aligners for teens and kids.
As chipmaker NVIDIA Corp. (NASDAQ: NVDA) surges past $5 trillion in market capitalization, several prominent analysts have reacted to the stock's unrelenting rally, amid growing concerns regarding its sustainability and speculations of an AI bubble.
VeriSign’s third quarter was marked by continued growth in its core domain name business and positive market reaction, with revenue and earnings per share both surpassing Wall Street’s expectations. Management attributed this performance to the success of revamped marketing programs and stronger registrar engagement, particularly in the U.S. and EMEA regions. CEO Jim Bidzos emphasized improvements in both new domain registrations and renewal rates, stating the company’s adjustments to its channel programs produced “enhanced pace of growth in new registrations.” The team also called out a 1.4% year-over-year increase in the domain name base, driven by higher volumes and improved renewal activity.
MSC Industrial’s third quarter results drew a moderately positive response from the market, reflecting management’s progress on key growth initiatives. CEO Erik Gershwind highlighted that “the return to growth in our core customer base, along with continued strength in the public sector, resulted in better-than-expected volumes.” The company attributed improved sales trends to the successful execution of initiatives like upgraded web pricing, enhanced e-commerce experiences, and targeted marketing programs. However, management also called out the impact of rapid tariff-driven purchase cost escalation, which compressed gross margins more than expected during the quarter.
Kinsale Capital Group reported third quarter results that exceeded Wall Street’s revenue and adjusted profit expectations, but the market reacted negatively amid concerns about moderating growth. Management pointed to steady but competitive conditions in the excess and surplus (E&S) insurance market, with CEO Michael Kehoe noting, “Kinsale’s efficiency has become a more significant competitive advantage, by allowing us to deliver competitive policy terms to our customers, without compromising our margins.” The company also highlighted the impact of its disciplined underwriting and cost control, which helped offset variability in certain business lines and a higher expense ratio tied to changes in reinsurance.
West Pharmaceutical Services delivered third quarter results that surpassed Wall Street’s revenue and profit expectations, sparking a strong positive reaction in the market. Management attributed this performance to double-digit growth in High Value Product (HVP) components, particularly the elastomers supplied for GLP-1 therapies, and a robust pipeline of Annex 1 upgrade projects. CEO Eric Green highlighted the company's “trusted reputation for high-quality scale and reliability” as a key factor supporting continued momentum in its core business segments.
Tractor Supply’s third quarter was marked by a 7.2% rise in sales and continued healthy transaction growth, which management attributed to resilient customer engagement, successful execution of seasonal strategies, and share gains in consumable and year-round categories. CEO Hal Lawton credited the company’s ability to meet shifting consumer demand, particularly through its extended summer season and gains in categories like tractors, lawn and garden equipment, and wildlife supplies. Lawton noted, “Our customers remain loyal and connected to their lifestyle, continuing to shop with us across categories and channels.”
Coursera’s third quarter drew a negative market reaction, reflecting investor concerns despite exceeding Wall Street’s revenue and non-GAAP profit expectations. Management attributed the results to robust growth in the Consumer segment, driven by higher demand for AI-related courses and improvements in the Coursera Plus subscription. CEO Gregory Hart cited the company’s expanded course catalog and international pricing adjustments as factors fueling new learner registrations. However, management expressed dissatisfaction with muted growth in the Enterprise segment, noting mixed trends across business, government, and campus customers.
Manufacturing company IDEX (NYSE:IEX) beat Wall Street’s revenue expectations in Q3 CY2025, with sales up 10.1% year on year to $878.7 million. On the other hand, next quarter’s revenue guidance of $871.5 million was less impressive, coming in 2% below analysts’ estimates. Its non-GAAP profit of $2.03 per share was 5.2% above analysts’ consensus estimates.
Equipment distributor Watsco (NYSE:WSO) fell short of the markets revenue expectations in Q3 CY2025, with sales falling 4.3% year on year to $2.07 billion. Its GAAP profit of $3.98 per share was 7.3% below analysts’ consensus estimates.
Hasbro’s third quarter results were met with a positive market reaction, reflecting outperformance versus Wall Street’s expectations on both revenue and profit. Management attributed this outcome to strong momentum in its Wizards of the Coast segment, particularly from MAGIC: THE GATHERING, which saw exceptional growth through new collaborations and expanded player engagement. CEO Chris Cocks highlighted, “MAGIC continues to outperform expectations, posting 40% growth year-to-date,” with additional contributions from key brands like MONOPOLY, Marvel, and PEPPA PIG. Operational discipline and the company’s focus on cost transformation also supported improved margins, despite ongoing tariff pressures.
First Financial Bancorp delivered a solid Q3, with management attributing performance to record noninterest income and a resilient net interest margin. CEO Archie Brown pointed to the bank’s ability to maintain asset yields while managing funding costs, as well as the contribution from diverse income streams like leasing and foreign exchange. The quarter also benefited from ongoing workforce efficiency initiatives, which have reduced full-time equivalents by 9% over the past two years. Loan balances declined modestly due to lower production in specialty businesses and the timing of construction originations, but deposit balances increased, driven by brokered certificates of deposit and money markets.
Boyd Gaming’s third quarter saw revenue growth ahead of Wall Street expectations, but the market reacted negatively, reflecting investor concerns about declining margins and ongoing softness in certain business segments. Management attributed the quarter’s results to continued strength from core gaming customers and improving trends among retail players, which offset weakness in the destination business, particularly at the Orleans property. CEO Keith Smith noted that “growth in gaming revenue was offset by declines in our destination business,” and cited ongoing capital investments as a factor in driving customer demand.
Iridium’s third quarter results topped Wall Street’s revenue and profit expectations, but the market responded negatively, reflecting investor concerns about emerging competitive pressures and business mix shifts. Management attributed growth to expansion in industrial IoT and position, navigation, and timing (PNT) services, while also acknowledging the impact from the non-renewal of a large broadband contract and the effects of recent price increases. CEO Matt Desch pointed out, “We have tremendous experience developing thousands of Iridium-connected solutions that are already in the market,” as the company navigates heightened competition and evolving industry dynamics.
Honeywell’s third quarter was marked by broad-based organic sales growth and robust order momentum, which management attributed to recent investments in new product development and operational execution across its core segments. CEO Vimal Kapur highlighted that organic sales growth outpaced expectations, with double-digit increases in Aerospace and ongoing strength in Building Automation, driven by “commitment to developing new solutions that solve our customers’ most challenging problems.” Notably, the quarter’s outperformance reflected steady execution on commercial wins and early returns from portfolio transformation, even as operating margins faced pressure from cost inflation and acquisition-related headwinds.
Union Pacific’s third quarter saw a muted market response despite meeting Wall Street’s revenue expectations and exceeding profit estimates. Management attributed the results to core pricing gains, operational efficiencies, and productivity improvements, particularly in workforce and fuel consumption. CEO Vincenzo Vena acknowledged that, while volumes were down slightly, strong pricing and favorable business mix offset macroeconomic pressures. CFO Jennifer Hamann noted, “Compensation and benefits decreased 1% as 4% lower workforce levels and record productivity more than offset the impact of wage inflation.” The company’s ability to maintain service reliability and set operational records was highlighted as a key factor in sustaining financial performance amid softer end markets.
Popular’s third quarter performance aligned with Wall Street’s expectations, highlighted by strong revenue growth, expanding net interest margin, and resilient loan demand across both Puerto Rico and U.S. operations. Management attributed the results to higher average deposit balances and robust commercial and construction lending, while noting that stable customer deposits underpinned the quarter. CEO Javier Ferrer-Fernández acknowledged that credit quality metrics were impacted by two isolated commercial loans, but emphasized these were not indicative of broader issues, stating, “excluding these two relationships, credit metrics remained stable.”
Engineered components manufacturer for critical industries ITT Inc. (NYSE: ITT) announced better-than-expected revenue in Q3 CY2025, with sales up 12.9% year on year to $999.1 million. Its non-GAAP profit of $1.78 per share was 6.7% above analysts’ consensus estimates.
Bread Financial’s third quarter results were well received by the market, as management emphasized resilient consumer credit trends and disciplined expense control. CEO Ralph Andretta attributed the quarter’s performance to strong back-to-school activity, increased purchase frequency, and expanding partnerships in categories like apparel and beauty. He highlighted a 5% rise in credit sales and noted, “consumer financial health remained resilient in the third quarter as evidenced by strong credit sales, a higher payment rate as well as lower delinquencies and losses.” The company’s ongoing focus on operational efficiency helped offset headwinds from lower lending balances and reduced late fees.
Hilltop Holdings delivered a third quarter that surpassed Wall Street’s expectations, prompting a positive market reaction. According to CEO Jeremy Ford, PlainsCapital Bank’s expansion in net interest margin and solid growth in core loans and deposits were major contributors, while HilltopSecurities benefitted from robust revenue across all business lines. However, the mortgage segment continued to experience headwinds due to subdued home buying activity and margin compression. Ford noted, “PrimeLending’s results reflect a dampened summer home buying market where both volumes and margins remained under pressure.”
Semiconductor testing company FormFactor (NASDAQ:FORM) reported Q3 CY2025 results beating Wall Street’s revenue expectations, but sales fell by 2.5% year on year to $202.7 million. On top of that, next quarter’s revenue guidance ($210 million at the midpoint) was surprisingly good and 5.2% above what analysts were expecting. Its non-GAAP profit of $0.33 per share was 32.7% above analysts’ consensus estimates.
Power generation products company Generac (NYSE:GNRC) fell short of the markets revenue expectations in Q3 CY2025, with sales falling 5% year on year to $1.11 billion. Its non-GAAP profit of $1.83 per share was 16.7% below analysts’ consensus estimates.
Old Republic International’s third quarter results beat Wall Street’s revenue and profit expectations, with management attributing the quarter’s performance to strong specialty insurance operations and continued profitability in the Title Insurance segment, despite ongoing challenges in the real estate market. CEO Craig Smiddy highlighted the company’s disciplined underwriting, favorable prior-year reserve development, and higher investment yields as key contributors. The launch of a sponsored demutualization agreement to acquire Everett Cash Mutual was positioned as a strategic move to diversify and strengthen the specialty insurance portfolio.
Ryder’s third quarter results drew a significant negative market reaction, as the company’s flat revenue and cautious commentary highlighted ongoing freight market softness. Management pointed to persistent weak demand in both rental and used vehicle sales, which offset gains from contractual business and operational improvements. CEO Robert Sanchez noted, “Rental demand increased sequentially, but the increase was below historical seasonal demand trends.” The quarter’s performance also reflected ongoing challenges in the e-commerce segment of the supply chain business and selective cost increases, such as higher medical expenses. Management’s tone was notably cautious, particularly regarding the duration of freight market headwinds and the muted transactional activity in vehicle sales.
Textron’s third quarter results received a negative market reaction after the company’s revenue fell short of Wall Street expectations, despite year-over-year growth. Management attributed the quarter’s performance to robust demand in its aviation and defense businesses, with notable gains in aftermarket aviation revenue and a strong backlog. CEO Scott Donnelly highlighted continued strength in commercial jet and turboprop deliveries, as well as progress in military programs such as the MV-75. He also acknowledged ongoing supply chain challenges, though improvements were noted compared to prior quarters. The company’s divestiture of its Powersports business also impacted industrial segment revenues.
Electronic component provider Littelfuse (NASDAQ:LFUS) met Wall Streets revenue expectations in Q3 CY2025, with sales up 10.1% year on year to $624.6 million. On the other hand, next quarter’s revenue guidance of $580 million was less impressive, coming in 1.7% below analysts’ estimates. Its non-GAAP profit of $2.95 per share was 5.5% above analysts’ consensus estimates.
Intel’s third quarter reflected improving operational execution and renewed interest in its core processor business, with management attributing the positive results to strong AI-driven demand and effective cost controls. CEO Pat Gelsinger highlighted that the company “significantly improved our cash position and liquidity,” driven by strategic partnerships and government support. Management also underscored momentum in Intel’s x86 franchise, noting that AI is “accelerating demand for new compute architectures” while also fueling growth in traditional computing. The company’s collaboration with NVIDIA was cited as a key factor in building out its AI platform capabilities and strengthening its competitive positioning.
Blackstone’s third quarter saw the company deliver strong year-over-year revenue growth, but results fell short of Wall Street’s expectations, leading to a negative market reaction. Management attributed robust inflows and fee-related earnings to continued momentum in private credit, infrastructure, and private wealth channels. However, higher-than-anticipated expenses weighed on profitability. Distributable earnings and net realizations saw significant acceleration year over year, as highlighted by management. President and Chief Operating Officer Jon Gray acknowledged that while transaction and advisory fees nearly doubled year-over-year, margin performance reflected the mix of revenue streams and seasonal expenses.
Industrial component provider Timken (NYSE:TKR) reported revenue ahead of Wall Streets expectations in Q3 CY2025, with sales up 2.7% year on year to $1.16 billion. Its non-GAAP profit of $1.37 per share was 10.1% above analysts’ consensus estimates.
Aerospace and defense company Boeing (NYSE:BA) reported revenue ahead of Wall Streets expectations in Q3 CY2025, with sales up 30.4% year on year to $23.27 billion. Its non-GAAP loss of $7.35 per share was significantly below analysts’ consensus estimates.
Norfolk Southern’s third quarter results met revenue expectations but came in below analyst consensus on GAAP profit, reflecting a mixed operating environment. Management credited improvements in safety, operational efficiency, and productivity initiatives as key drivers, while also acknowledging flat overall volumes and competitive pressures stemming from the pending Union Pacific merger. CEO Mark George highlighted that, "the third quarter volume surges forecasted by partners didn’t materialize as expected, and the truck market remains oversupplied," suggesting that external factors weighed on the company’s performance despite internal progress.
Marine transportation service company Kirby (NYSE:KEX) reported Q3 CY2025 results exceeding the market’s revenue expectations, with sales up 4.8% year on year to $871.2 million. Its GAAP profit of $1.65 per share was 2.3% above analysts’ consensus estimates.
Biotechnology company United Therapeutics (NASDAQ:UTHR) fell short of the markets revenue expectations in Q3 CY2025, but sales rose 6.8% year on year to $799.5 million. Its GAAP profit of $7.16 per share was 2.3% above analysts’ consensus estimates.
