Earnings Reports — October 01, 2026 — After Hours — Last 24 Hours (Pacific Time)

Executive Summary

The October 1st earnings session leaned decisively bullish, with the majority of reporting companies beating EPS estimates and several delivering upside revenue surprises as well. Standout movers included Micron's massive AI-driven beat, McCormick's acquisition-fueled outperformance, and Accenture's strong guidance lift — while Cal-Maine and Collplant were notable disappointments. The dominant theme across the session was AI-driven demand (Micron, Accenture) and consumer staples resilience (McCormick, Conagra), offset by selective weakness in egg production and biotech.

Earnings Performance Breakdown

Note: Headlines that are previews/outlooks only (no actual results) are excluded from classification. Duplicate coverage of the same company is consolidated.

Summary (classifiable results only):

Notable Earnings Reports

🟢 Micron Technology (MU) — Massive Beat

• EPS of $33.42, beating estimates by $2.26; revenue also topped estimates
• Guided fiscal Q1 2027 revenue and earnings above Wall Street expectations
• AI-fueled memory demand drove the blowout quarter and strong forward outlook

🟢 Accenture (ACN) — Double Beat + Upbeat Guidance

• EPS of $3.29, beating estimates by $0.10; revenue topped estimates
• Shares jumped on the results and positive forward guidance
• AI services demand appears to be offsetting broader IT spending pressure

🟢 McCormick & Co. (MKC) — Double Beat

• EPS of $0.86, beating estimates by $0.10; revenue topped estimates
• Stock rose approximately 5% on the results
• A recent acquisition boosted sales, quieting merger skeptics at least for now

🟢 Conagra Brands (CAG) — Double Beat

• EPS of $0.41, beating estimates by $0.13; revenue topped estimates
• Stock rose approximately 3%; company reaffirmed guidance
• Solid consumer staples execution with no guidance cuts — a reassuring signal

🟢 Jabil (JBL) — Double Beat

• EPS of $4.40, beating estimates by $0.34; revenue topped estimates
• No specific stock reaction mentioned, but the magnitude of the EPS beat stands out
• Strong manufacturing execution across its diversified electronics services business

⚪ Nike (NKE) — Mixed

• EPS of $0.48, beating estimates by $0.04; revenue fell short of estimates
• Reported amid mounting turnaround doubts; the revenue miss keeps pressure on management
• A slim EPS beat is unlikely to fully reassure investors watching for top-line recovery

🔴 Cal-Maine Foods (CALM) — Double Miss

• EPS of −$1.26, missing estimates by $0.79; revenue also fell short
• Stock edged down on the results
• The egg producer's wider-than-expected loss signals ongoing cost or demand headwinds

🔴 Collplant ADR (CLGN) — Double Miss

• EPS of −$1.89, missing estimates by $1.65; revenue fell short
• A significant shortfall relative to expectations for the biotech firm
• No specific stock reaction mentioned, but the magnitude of the miss is notable

🔴 FactSet Research (FDS) — Beat but Guidance Disappointment

• EPS of $4.52, beating estimates by $0.17; revenue topped estimates
• Stock fell over 3% despite the beat — disappointing guidance overshadowed the results
• A reminder that forward outlook often matters more than the current quarter's numbers

⚪ Progress Software (PRGS) — Mixed

• EPS of $1.69, beating estimates by $0.17; revenue fell short
• First report since the Domo deal closed, making the revenue miss worth watching
• Integration costs or deal-related dynamics may be weighing on top-line performance

Sector Analysis

🟢 Technology & AI — Clear Strength
Micron and Accenture both delivered strong beats driven explicitly by AI demand. Micron's guidance raise for fiscal 2027 signals that AI infrastructure spending remains robust. Accenture's AI-related services appear to be absorbing broader demand softness in traditional IT consulting.

🟢 Consumer Staples — Resilient
McCormick and Conagra both beat on EPS and revenue, with Conagra reaffirming guidance. This suggests the consumer staples sector is holding up well despite macro uncertainty, with pricing power and/or volume recovery supporting margins.

🟡 Industrials & Manufacturing — Mixed
Jabil posted a strong double beat. Acuity beat on EPS but missed on revenue. Nidec posted a loss and announced a recovery plan amid audit concerns — a notable outlier in the space.

🔴 Biotech / Specialty — Weak
Collplant's massive EPS miss highlights ongoing challenges for smaller biotech names. Pinewood Technologies also reported a wider loss as North American expansion costs weighed.

🔴 Agriculture / Food Production — Weak
Cal-Maine's wider-than-expected loss stands out in an otherwise resilient food sector. The egg producer's results diverge sharply from packaged food peers like Conagra and McCormick.

🟡 Financial Data / Analytics — Cautious
FactSet beat on both metrics but fell over 3% on weak guidance — a signal that the financial data services market may face headwinds even as current results hold up.

Biggest Movers

Biggest EPS Surprises:

• 🟢 Micron: +$2.26 vs. estimates (largest absolute beat)
• 🔴 Collplant: −$1.65 vs. estimates (largest absolute miss)
• 🔴 Cal-Maine: −$0.79 vs. estimates

Market Implications

The breadth of EPS beats — particularly from Micron, Accenture, McCormick, Conagra, and Jabil — paints a picture of corporate earnings resilience heading into Q4 2026. The AI infrastructure theme continues to be a genuine earnings driver rather than just a narrative, with Micron's blowout results and strong guidance providing tangible evidence of sustained capital spending in the space.

However, the revenue miss pattern across several companies (Nike, Acuity, Progress Software, Bassett) is worth watching. Beating on EPS while missing on revenue often signals cost-cutting rather than genuine growth — a distinction that matters for long-term earnings quality. FactSet's post-beat selloff on guidance is a sharp reminder that markets are increasingly forward-looking and unforgiving of cautious outlooks.

The consumer staples sector's solid showing (McCormick, Conagra) suggests that pricing power and demand stability remain intact for established brands. Meanwhile, the divergence between packaged food winners and Cal-Maine's agricultural miss highlights that not all "food" companies face the same dynamics — commodity exposure and production cycles create very different risk profiles within the same broad sector.

Key Takeaways

• 🟢 Micron (MU) — A $2.26 EPS beat and above-consensus fiscal 2027 guidance make this the clearest AI infrastructure winner of the session
• 🟢 Accenture (ACN) — Beat plus upbeat guidance suggests AI consulting demand is real and growing, not just hype
• 🟢 McCormick (MKC) — The acquisition is working; a 5% stock pop and double beat should ease merger skeptics for now
• 🟢 Conagra (CAG) — Reaffirmed guidance alongside a double beat signals management confidence in the consumer staples outlook
• 🟢 Jabil (JBL) — A $0.34 EPS beat is a meaningful positive signal for diversified electronics manufacturing
• ⚪ Nike (NKE) — A $0.04 EPS beat with a revenue miss is not the turnaround proof investors were hoping for; watch top-line trends closely
• ⚪ FactSet (FDS) — Beating estimates but falling 3%+ is a warning: guidance matters more than current results in this market
• ⚪ Progress Software (PRGS) — Revenue miss in the first post-Domo quarter warrants monitoring for integration-related drag
• 🔴 Cal-Maine (CALM) — A $0.79 miss on an already-negative estimate signals deeper trouble than the market expected for the egg producer
• 🔴 Collplant (CLGN) — A $1.65 EPS miss is a significant red flag for this small-cap biotech; revenue also disappointed
• 🔴 Nidec — A reported loss combined with audit concerns and a recovery plan is a multi-layered risk worth avoiding until clarity emerges
• 🟡 Revenue misses are widespread — Even among EPS beaters, top-line shortfalls at Nike, Acuity, Progress, and Bassett suggest demand growth remains uneven
• 🟡 AI is separating winners from the pack — Companies with direct AI exposure (Micron, Accenture) are outperforming peers by a wide margin on both results and guidance
• 🟡 Consumer staples holding firm — McCormick and Conagra both beat and held guidance, making the sector a relative safe harbor amid macro uncertainty

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