US markets: weekly earnings summary 9. May

Advanced Micro Devices (AMD) continued its powerful growth, supported by explosive demand for data center and artificial intelligence chips. Revenue grew 37,8% and operating profit 86,1%, exceeding expectations. The data center segment was particularly strong, with sales growing 57%. The company also raised its second-quarter guidance, which sent the stock to a new high. By the end of the week, the stock price had surged 26,3%.

Super Micro Computer (SMCI) showed an impressive turnaround as operating profit grew 403% year-over-year, turning a previous decline into strong growth. Revenue more than doubled, growing 122,6%. The explosive growth was driven by continued high demand for artificial intelligence and GPU-based servers, which accounted for over 75% of sales. The stock reacted strongly, finishing the week up 30,6%.

Healthcare provider DaVita (DVA) surprised the market with a strong earnings turnaround. The company's operating profit grew 9,8% and net profit 21,5%, beating analysts' expectations. Growth was driven by the expansion of the integrated kidney care segment and improved cost efficiency. The company also raised its full-year earnings guidance, sending the stock to a new 52-week high. The stock ended the week with a 31,0% gain.

Healthpeak Properties (DOC) operating profit fell 95,8%, but this was misleading. The decline was caused by one-off costs related to the IPO of its subsidiary Janus Living. At the same time, the company's revenue grew 7,1% and funds from operations (FFO) exceeded expectations. The company also raised its full-year guidance, showing confidence. Investors saw through the one-off costs, and the stock rose 19,6% over the week.

Waters (WAT) reported seemingly weak results at first glance, with operating profit turning into a loss due to one-off costs. However, revenue grew by a massive 91,4% thanks to the recent acquisition of the BD biosciences business unit. The market focused precisely on sales growth and the strength of the core business, ignoring accounting costs. As a result, the stock ended the week with a 15,6% gain.

Arista Networks (ANET) continued to show strong growth, driven by investments in AI networks by large cloud customers. The company's revenue and operating profit both grew over 35%. Despite results exceeding expectations and strong guidance, the stock fell sharply after the earnings release. This indicates that high expectations were already priced in. The stock ended the week with a 17,9% decline.

Trimble (TRMB) reported a strong quarter, with revenue returning to growth and operating profit surging 47,7%. Growth was driven by solutions aimed at the construction and infrastructure sectors, as well as an increase in the share of recurring revenue. The company also raised its full-year guidance. Similar to Arista, however, the market reacted with selling, and the stock ended the week down 11,1%, reflecting investor caution.

Pharmaceutical wholesaler Cencora (COR) disappointed investors as quarterly revenue and adjusted profit fell short of expectations. Although operating profit grew 10%, sales growth slowed significantly and operating expenses grew faster than revenues. The market reacted negatively, sending the stock to a new 52-week low. By the end of the week, the stock had fallen 14,1%.

Energy company Devon Energy (DVN) reported a sharp drop in profit, missing analysts' expectations. Operating profit plunged 81,3% and revenue fell 14,4%. Results were pressured by production issues, general cost increases, and costs related to the merger with Coterra Energy. Although the merger is expected to create synergies in the future, the market reacted to the weak results with selling, and the stock fell 9,8% over the week.

Monster Beverage (MNST) continued to show strong momentum, beating expectations on both revenue and profit. Revenue grew 26,9% and operating profit 28,1%, supported by a 28,8% increase in energy drink sales volume. Although raw material and transportation costs put pressure on margins, the overall picture was strong. The stock reacted positively, rising 14,7% over the week and approaching its 52-week high.

Industrial automation company Rockwell Automation (ROK) reported better-than-expected results and raised its full-year guidance. The company's revenue grew 11,9% and operating profit 23,5%, driven by strong demand in the Intelligent Devices segment and successful pricing. The strong quarter and optimistic outlook gave investors confidence, lifting the stock price by 11,4% over the week.