Mid-Morning Brief

Quanta's stronger-than-expected Q2 — adjusted EPS $4.24 and $9.6B revenue — plus raised 2026 expectations reflects record backlog and cash flow, improving its earnings outlook.

Q2 adjusted diluted EPS $4.24 vs $3.29 estimate, revenue $9.6 billion, and company said it is significantly increasing 2026 financial expectations with a $53.4 billion total backlog.

Quanta Services posts Q2 2026 beat with EPS $4.24, revenue $9.6B, raises 2026 guidance on broad demand, record backlog

Microsoft reported better-than-expected Q4 2026 results — $90B revenue, $40.6B operating income, Azure +43% YoY — and kept $175B capex guidance, highlighting strong cloud momentum and conservative spending versus peers.

Q4 2026 revenue $90B; operating income $40.6B; Azure revenue +43% YoY; $175B annual capex guidance unchanged.

Microsoft beats Q4 estimates on accelerating Azure and AI growth as Bernstein lifts price target to $647

Intel's Q2 results showed 25% revenue growth and 59% Data Center/AI expansion but an $11.03B GAAP loss from a $12.5B CHIPS Act charge and a raised $20B 2026 capex guide, prompting profitability concerns.

Q2 revenue +25% YoY; Data Center & AI revenue +59%; GAAP net loss $11.03B driven by a $12.5B CHIPS Act non-cash charge; 2026 capex guidance raised to $20B.

Microsoft and Meta AI capex earnings reassure market, lifting Intel 7.2%

Chipotle's stronger-than-expected Q2 results and upward revision to full-year comparable-sales guidance signal momentum for its 'Recipe for Growth' strategy and prompted analyst forecast increases.

Q2 revenue $3.3 billion (up 9.3% YoY), comparable restaurant sales +2.2%, and management raised full-year comparable-sales guidance to the low single digits.

Chipotle posts Q2 non-GAAP EPS $0.33 (+0% YoY) on revenue $3.3B (+9% YoY), beats estimates and raises 2026 comp outlook