Insight Enterprises Inc. (NSIT) released Q4 results showing net income of $52 million, or $2.96 per share, after adjusting for one-time items. The per-share figure topped the average estimate of $2.82 from three Zacks analysts. Revenue for the quarter was $2.05 billion, below the $2.08 billion forecast. Year-over-year, the company posted $157.3 million in profit, or $4.86 per share, with revenue of $8.25 billion. Management guidance for full-year 2026 earnings is $11.00 to $11.50 per share.

ConocoPhillips (COP) reported Q4 2025 earnings of $1.4B ($1.17/share) and adjusted earnings of $1.3B ($1.02/share), down from $2.3B ($1.90/share) and $2.4B ($1.98/share) in Q4 2024, respectively. Full-year 2025 results: earnings $8.0B ($6.35/share), adjusted $7.7B ($6.16/share), with the decline attributed to lower commodity prices partially offset by higher volumes. The company declared a first-quarter 2026 ordinary dividend of $0.84/share, payable March 2, 2026, to shareholders of record Feb. 18, 2026.

Q4 2025 realized prices averaged $42.46/BOE, a 19% drop from $52.37/BOE in Q4 2024. Production rose to 2,320 MBOED, but like-for-like declined 2.6%. In the Lower 48, production totaled 1,439 MBOED, led by the Delaware Basin (673 MBOE), Eagle Ford (370 MBOE), Bakken (198 MBOE), and Midland Basin (194 MBOE).

CFO for 2025 was $19.9B, with $9.0B returned to shareholders via $5.0B in share repurchases and $4.0B in dividends; management plans to maintain 45% of CFO returns in 2026. The board reaffirmed a $12B 2026 capital program and aims to reduce capital and costs by $1B in 2027.

Carrier Global (NYSE:CARR) reported Q4 CY2025 revenue of $4.84B, 6% below year-on-year and 11% below consensus, with non-GAAP EPS of $0.34, 4.5% below estimates. Sales declined amid softer demand in the residential segment, while commercial HVAC1 orders rose 49% on data center wins and aftermarket1 revenue grew at double digits.

The stock fell 4.6% to $60.62 in after-hours trading. Over the last five years, CAGR for revenue was 4.5% and for EPS 9.2%, but operating margins have eroded, contracting 2.8 percentage points and reaching 2.1% in Q4. Organic revenue growth averaged 1% YoY over two years, and share repurchases reduced the share count by 4.7%—pressing questions about efficiency and fixed cost leverage.

Sell-side analysts forecast 3.5% revenue growth and 12.4% full-year EPS expansion over the next 12 months, but the results highlight headwinds to demand and a need for operational improvement before considering a buy decision.

Bristol-Myers Squibb (NYSE:BMY) reported Q4 CY2025 revenue of $12.5 billion, up 1.4% year-on-year and 1.8% quarter-over-quarter, beating analysts’ estimates. Non-GAAP profit of $1.26 per share was 4.6% above consensus, and the company’s full-year revenue guidance of $46.75 billion is 5.7% above estimates.

Over the past two years, the company’s Growth Portfolio delivered 16.7% average YoY sales growth, outpacing total revenue. Operating margin expanded 7.9 percentage points to 11.8% in Q4, reflecting operating leverage. EPS for the quarter rose to $1.26 from $1.67 a year ago, while next-year full-year EPS is forecast at $6.15, down 3% from 2024.

Looking ahead, sell-side analysts project revenue to decline 7.8% over the next 12 months. The stock rose $0.78 or 1.3% to $58.35 in after-hours trading on the results.

January 2026 saw the highest monthly layoff plans since 2009, with 108,435 announced by US firms—more than double the 49,795 in January 2025. Total job cuts in 2025 reached 1.2 million, signaling reduced confidence in 2026 as companies cite AI investments, reorientation, and post-pandemic hiring adjustments.

Andy Challenger, chief revenue officer, Challenger, Gray & Christmas, said most plans were set late last year. January hiring intentions fell to 5,306, the lowest since 2009. Federal layoff and openings data for December will be released on February 5, following a brief delay due to a partial government shutdown. The government’s layoff rate remains historically low, as does the hiring rate.

January 2026 saw 108,435 layoffs, the highest since 2009, per Challenger, Gray & Christmas. This marks an 118% increase from January 2025 and more than doubles December 2025 figures. New hire intentions reached 5,306, the lowest since tracking began in 2009.

Nearly half the cuts—31,243 at UPS and 16,000 at Amazon—follow the winding down of the UPS contract with Amazon. Hospitals and healthcare companies announced 17,107 cuts, the most since April 2020, amid inflation, labor costs, and lower reimbursements from Medicaid and Medicare.

The delay in the BLS nonfarm payrolls report, originally scheduled for February 5, 2026, to February 12, 2026, adds uncertainty to the labor market outlook.

The European Central Bank maintained its benchmark deposit rate at 2% on February 5, 2026, as economic growth remains resilient despite external disruptions. With inflation easing to 1.7% in January 2026 and below the ECB’s 2% target, the bank judged further rate cuts unnecessary at this juncture.

Analysts at Berenberg Bank project Q4 2025 growth of 0.3% and full-year 2026 expansion of 1.3%, supported by low mortgage borrowing costs, near-full employment, and infrastructure and defense spending in Germany and France. Energy prices have moderated since the Ukraine-related spike in 2022.

Uncertainty from U.S. President Donald Trump’s tariff threats was mitigated by capping the rate at 15%—up from 4.8%—thereby removing policy uncertainty and enabling firms to plan. The ECB may keep rates unchanged through mid-2027, with potential hikes contingent on inflationary pressures.

Cummins (NYSE:CMI) topped earnings expectations in Q4 CY2025, reporting sales of $8.54 billion, up 1.1% year-on-year. GAAP EPS reached $4.27, 14.9% above the median estimate, while the stock fell 1.4% to $597.43 in after-hours trading.

The company attributed resilience in Distribution and Power Systems to strong data center backup power demand, despite weakness in North American truck markets. Components revenue declined 12.9% YoY over two years, while Engine revenue fell 3.4% YoY.

Looking ahead, sell-side analysts forecast 3.2% revenue growth over the next 12 months and 21.4% EPS growth to $20.52, outpacing the 11.3% CAGR in EPS over the past five years. Q4 operating margins were 9.5%, consistent with the prior-year period, with margin expansion and a 2% share count reduction supporting EPS growth.

Publication Date: February 5, 2026

MACOM Technology Solutions (NASDAQ:MTSI) topped revenue expectations in Q4 CY2025, with sales up 24.5% year-on-year to $271.6 million. Non-GAAP profit of $1.02 per share beat consensus by 2.2%. Guidance for Q1 CY2026 at $285 million (midpoint) is 3.4% above analyst forecasts. The company has now posted eight consecutive quarters of revenue growth.

Supporting context: MACOM’s 12.8% annualized revenue growth over the past five years outpaces the sector, and two-year growth accelerated to 27.8%. However, Days Inventory Outstanding rose to 181, 16 days above the five-year average, indicating higher inventory levels. Sell-side analysts project 13.1% revenue growth over the next 12 months, above sector average but a deceleration from recent years. The stock closed flat at $215.10 after the report on February 5, 2026.

IQVIA (NYSE:IQV) reported Q4 CY2025 revenue of $4.36 billion, up 10.3% year-on-year and exceeding Wall Street estimates by $2.9 billion. Non-GAAP profit of $3.42 per share was slightly above consensus, and the midpoint of its $17.25 billion full-year guidance was 1% above estimates. Excluding currency, constant currency sales grew 4.1% YoY.

Over the past five years, IQVIA posted 7.5% annualized revenue growth and 13.1% CAGR in EPS, outpacing the S&P 500 and driven by operational leverage and a 12% share count reduction. This quarter’s operating margin of 14.4% declined slightly from last year, while the five-year operating margin expanded 3.3 percentage points to 12.7%.

Looking ahead, sell-side analysts project 4.7% revenue growth and 7.9% EPS expansion over the next 12 months, with the stock trading at $201.50 as of February 5, 2026.

Intercontinental Exchange (NYSE:ICE) released Q4 CY2025 results topping revenue expectations, with sales up 35.3% year-on-year to $3.14 billion and non-GAAP profit of $1.71 per share 2.2% above estimates. The stock rose 1.8% to $167.78 in after-hours trading.

The company, which acquired the New York Stock Exchange in 2013, provides global financial exchanges, clearing houses, data services, and mortgage technology. Q4 revenue growth reflects strong recurring demand, with non-annualized quarters excluded as outliers.ICE’s 11.9% annualized revenue growth over the past five years and 15% over the past two years indicate sustained momentum.

Griffon Corporation (NYSE:GFF) reported Q4 CY2025 revenue of $649.1 million, up 2.6% YoY and 4.8% over Wall Street expectations, with non-GAAP EPS of $1.45, 8.9% above consensus. The company’s operating margin for the quarter was 17.5%, in line with last year, while it expanded 10.3 pp YoY and its share count declined 14% YoY, supporting EPS growth.

However, full-year revenue guidance of $1.8 billion is 28.9% below estimates, and full-year EBITDA guidance is also expected to miss. Sell-side analysts project 1.1% revenue growth and 9.1% EPS expansion over the next 12 months. The stock fell 3.2% to $82.03 in after-hours trading.

Griffon, a diversified manufacturer in home improvement, professional equipment, and building products, has a 14.8% average operating margin over the past five years and a 25.7% CAGR in EPS. Long-term growth of 1.5% has slowed recently, with two-year EPS growth at 9.6%.

XPO (NYSE: XPO) topped in pre-market trading on February 05, 2026, with fourth-quarter adjusted EPS of 88 cents, 12 cents above the revised 73-cent estimate and 1 cent below the year-ago 89 cents. The adjusted EPS excluded gains on real estate sales and transaction/restructuring costs.

Consolidated revenue reached $2.01 billion, 5% higher year over year and beating the $1.95B consensus. The LTL unit posted an 84.4% adjusted operating ratio, 180 bps better than the prior year, near its 84% guidance, despite a 170 bps sequential deterioration. European transportation revenue rose 10.6% y/y to $846 million, with adjusted EBITDA up 18.5% to $32 million.

Shares were down 1.4% in pre-market trading as the company holds a 8:30 a.m. EST earnings call on the same day.

Civil infrastructure company Construction Partners (NASDAQ:ROAD) released Q4 CY2025 results topping expectations, with sales rising 44.1% YoY to $809.5 million. Full-year revenue guidance of $3.52B at the midpoint was 1.9% above estimates; GAAP EPS of $0.31 per share beat by 20.8 percentage points.

CEO Fred J. (Jule) III said revenue and Adjusted EBITDA both increased 44% and 63%, respectively, ending the quarter with a record backlog of $3.09B and a 13.9% Adjusted EBITDA margin, the highest Q1 margin in company history.

Relative to estimates, the quarter saw revenue up 10.5% and EPS up 20.8pp. The stock rose $3.5 to close at $118.78. Sell-side analysts project 13.7% CAGR in revenue and 33.3% CAGR in full-year EPS over the next 12 months.

Memory shortages in semiconductors continue to weigh on the smartphone supply chain, limiting production and sending shares of Qualcomm and Arm sharply lower. On February 3, 2026, Qualcomm (QCOM-US) fell more than 11% and Arm (ARM-US) dropped 7% in premarket trading.

The shortage and price increases are expected to constrain handset shipments for months, according to executives and analysts. Qualcomm said some customers could not secure enough memory allocations to complete their products,拖累了 its order book and leading to a forecast of lower-than-expected revenue for the quarter.

“Shortages and price increases in memory across the industry could determine the scale of the smartphone industry this fiscal year,” said Qualcomm CEO Cristiano Amon in a earnings call. “Unluckily, the entire industry is affected by memory.”

ARM faces similar pressure as its architecture underpins many handset processors. Memory constraints could reduce its licensing revenue by as much as 2% over the next 12 months, said CFO Jason Child during a earnings call.

Counterpoint Research estimates advanced smartphone chip shipments will decline 7% in 2026, and supply constraints are expected to persist through 2027. Both companies are shifting focus to faster-growing data center markets, with Qualcomm planning to introduce AI chips later this year expected to contribute revenue in its 2027 fiscal year.

Bristol Myers Squibb will host its Q4 2025 earnings conference call at 8:00 AM Eastern Time on Monday, February 26, 2026. The call will provide an update on the company's fourth-quarter financial results, including revenue, net sales, and guidance for 2026.

The company has not yet released preliminary financial figures, but the call will include detailed commentary on recent performance, pipeline updates, and strategic initiatives. Following the call, a webcast will be available for investors and analysts, with a live Q&A session included.

XPO, Inc. (XPO) reported a 12% year-over-year decline in Q4 net income to $147 million, or 66 cents per share, on February 5, 2026. The results reflect softer demand in North America and increased operating expenses, including higher fuel and labor costs. For the quarter ended December 31, 2025, revenue totaled $2.49 billion, down 4% from $2.61 billion in the same period 2024. The company attributed the earnings miss to continued supply chain disruptions and pricing pressure.

KKR & Co. Inc. (KKR) reported Q4 revenue declined to $22.5 million, down from $35 million in the same period of 2025, marking a $12.5 million reduction. The company attributed the decline to softer macroeconomic conditions and reduced client spending, with operating income also down to $2.8 million from $4.2 million. Management noted the impact of the economic environment on transaction volumes and pricing, and provided guidance for 2026 revenue of $300 million +/- $15 million, reflecting cautious outlook.

IQVIA Holdings Inc. (IQV) reported fourth-quarter revenue of $2.4 billion, up 6% year-over-year, driven by pricing gains and higher volumes in its health data and analytics services. The company’s operating income for the quarter rose to $485 million, reflecting improved gross margins and cost optimization. For the 12 months ended December 31, 2025, net income was $295 million, a 12% increase from $264 million in the same period of 2024. The results reflect continued momentum in the digital health and analytics segment.

Rockwell Automation Inc. (RCKA) reported first-quarter net income of $413 million, up 12% from $369 million in the same period of 2025. Revenue for Q1 reached $1.48 billion, a 6% increase year-over-year. The results reflect stronger demand in industrial automation and digital transformation services, with gross margins expanding to 34.2% in Q1 2026. Management attributed the improvement to disciplined cost controls and higher pricing in key markets.