Earnings Chatter
Monday, August 3, 2026
At a glance: One S&P 500 name reports today — Alexandria Real Estate Equities (ARE), after the close. It's the lightest session of the week; the calendar reloads hard tomorrow with a 52-name Tuesday led by AMD, Caterpillar and Merck.
Some figures were unavailable today: long-run (5–10y) EPS growth history could not be sourced for today's marquee name.
The tape ahead
Alexandria Real Estate Equities (ARE) is the lone S&P print tonight, after the close, and the numbers already flag how unusual this quarter is: consensus GAAP EPS of $0.12 (a single estimate) compares with $2.10 last quarter and $0.48 a year ago — a sequential ratio of just 6%. Revenue consensus of $655.5M is essentially flat versus last quarter (100% of the prior print), so the swing is not a revenue story; it's the roll-off of the non-operating items (impairments, gains/losses on property sales) that make lab-REIT GAAP EPS lumpy from quarter to quarter, and that drove last quarter's outsized +1,360% surprise. The real debate is the same one that has dogged the stock all year: life-science lab demand. Alexandria has been absorbing a leasing slowdown and a still-elevated impairment cadence as the sector works through excess lab inventory, with occupancy guided toward the high-80s and same-store NOI declining; the print will be judged on whether leasing volume and renewal spreads are stabilizing or still eroding, and on any update to full-year guidance. Implied vs. realized is the sharpest signal in the table: the 9.2% implied move is priced more than 5x the 1.8% average realized move over the last eight prints, and the stock has only beaten 3 of those 8 (38% beat rate) — a straddle that looks rich unless the market is bracing for another headline impairment or guidance cut. Read-across: any commentary on tenant demand or sublease supply carries into other lab-heavy REIT and life-science real estate names as the group works through the same overbuild.
| Company | Time | Cons. EPS | EPS range | Prev Q EPS | EPS/Prev Q | Rev. cons. | Rev./Prev Q | Implied move | Hist. avg | Beat rate | EPS 1Y | EPS 3Y | EPS 5Y | EPS 10Y |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Alexandria Real Estate Equities ARE Real Estate · $8.97B | After-close | $0.12 | $0.12 – $0.12 · 1 est | $2.10 | 6% | $655.5M | 100% | 9.2% | 1.8% | 38% | — | — | — | — |
Scorecard — reported since we last wrote
Nothing to grade today: Friday's edition previewed no names (it was itself an empty session), so the scorecard starts from zero.
No results to score from the prior edition.
Rest of the week
The calendar snaps back hard tomorrow: Tuesday carries 52 names, headlined by AMD after the close (the marquee AI-capex read-through), Caterpillar and Merck before the open, plus Arista, Amgen and McDonald's — a mix skewed to Info Tech, Industrials and Health Care. Wednesday (38 names) is led by Eli Lilly before the open, the week's largest print by market cap, alongside Western Digital, SanDisk, Disney, Uber and CVS. Thursday thins to 29 names behind ConocoPhillips, Parker Hannifin, Howmet and Datadog, and Friday closes the week quietly with just Vistra, Take-Two and PPL.
| Day | Company | Time | Cons. EPS | Implied move |
|---|---|---|---|---|
| Tuesday Aug 4 | Advanced Micro Devices AMD | After-close | $1.63 | 9.7% |
Caterpillar Inc. CAT | Pre-open | $6.26 | 7.4% | |
Merck & Co. MRK | Pre-open | $-0.27 | — | |
Arista Networks ANET | After-close | $0.90 | — | |
Amgen AMGN | After-close | $5.73 | — | |
McDonald's MCD | Pre-open | $3.35 | — | |
Gilead Sciences GILD | After-close | $-7.38 | — | |
Booking Holdings BKNG | After-close | $2.49 | — | |
Pfizer PFE | Pre-open | $0.69 | — | |
Duke Energy DUK | Pre-open | $1.32 | — | |
Marathon Petroleum MPC | Pre-open | $13.86 | — | |
Cummins CMI | Pre-open | $7.30 | — | |
| Also: EMR, EOG, APO, TDG, GWW, AME, ROK, DVN, IDXX, PRU, SYY, PEG, ADM, WAT, KMB, NRG, Q, FIS, EXPD, IFF, DD, BR, BALL, KIM, J, DVA, DOC, LDOS, ZBRA, AIZ, TRMB, RVTY, PNW, APTV, TECH, WYNN, IT, HSIC, PSKY, MOS | ||||
| Wednesday Aug 5 | Lilly (Eli) LLY | Pre-open | $6.07 | 7.5% |
Western Digital WDC | After-close | $3.33 | 14.1% | |
Sandisk SNDK | After-close | $35.14 | — | |
Walt Disney Company (The) DIS | Pre-open | $1.88 | — | |
Uber UBER | Pre-open | $0.83 | — | |
CVS Health CVS | Pre-open | $1.87 | — | |
AppLovin APP | After-close | $3.76 | — | |
McKesson Corporation MCK | After-close | $9.63 | — | |
DoorDash DASH | After-close | $0.46 | — | |
Phillips 66 PSX | Pre-open | $7.51 | — | |
Motorola Solutions MSI | After-close | $3.89 | — | |
Allstate ALL | After-close | $6.18 | — | |
| Also: HONA, MET, COR, O, OXY, XYZ, AXON, IRM, EXPE, KHC, ATO, TPL, CPAY, GPN, STE, NI, CF, CDW, ZBH, HST, NWSA, SOLV, ALB, APA, PODD, CRL | ||||
| Thursday Aug 6 | ConocoPhillips COP | Pre-open | $2.91 | 4.4% |
Parker Hannifin PH | Pre-open | $8.52 | 7.8% | |
Howmet Aerospace HWM | Pre-open | $1.26 | — | |
Datadog DDOG | Pre-open | $0.60 | — | |
Monster Beverage MNST | After-close | $0.59 | — | |
Constellation Energy CEG | Pre-open | $2.45 | — | |
Airbnb ABNB | After-close | $1.28 | — | |
Warner Bros. Discovery WBD | Pre-open | $-0.13 | — | |
Aflac AFL | After-close | $1.79 | — | |
Republic Services RSG | After-close | $1.83 | — | |
Targa Resources TRGP | Pre-open | $2.77 | — | |
Sempra SRE | Pre-open | $1.07 | — | |
| Also: BDX, KDP, AIG, MCHP, ED, KVUE, ZTS, RMD, FISV, FOXA, RL, VTRS, EVRG, AKAM, GEN, TTD, TAP | ||||
| Friday Aug 7 | Vistra Corp. VST | Pre-open | $1.80 | 8.0% |
Take-Two Interactive TTWO | Pre-open | $0.34 | 9.3% | |
PPL Corporation PPL | Pre-open | $0.35 | — | |
Informational only — not investment advice. Figures are consensus/estimates and option-implied values from public sources and may be revised.