US earnings calls, November 2026: CoreWeave and several others raise full-year outlooks

CoreWeave said its results beat its own guidance and it raised its outlook

The chief executive of CoreWeave said quarterly revenue was above the high end of guidance. The chief executive said adjusted operating income, a profit measure that excludes some items, was $379 million in the third quarter of fiscal year 2026, versus guidance of $200 million-$260 million. The chief financial officer said the adjusted operating margin reached 10% in that quarter, versus 5% in the second quarter and 1% in the first. The chief financial officer said CoreWeave raised its 2026 revenue and adjusted operating income guidance. The chief executive said CoreWeave continues to expect active power to exceed 1.85 GW (gigawatts) by the end of fiscal year 2026.

Four other companies said they raised their full-year outlooks

• Qnity: the chief financial officer said it raised its fiscal year 2026 net sales guidance to a range of $5.77 billion to $5.83 billion. Adjusted earnings per share (EPS) are expected to be $4.95 to $5.05.
• STERIS: the chief executive said it increased its fiscal year 2027 diluted EPS outlook to $11.35-$11.55 from $11.10-$11.30 per share.
• Ralph Lauren: the chief financial officer said it raised its fiscal year 2027 constant-currency revenue growth outlook to 6%-7% from 5%-6% previously.
• Viatris: the chief financial officer said it raised fiscal year 2026 guidance, with midpoint expectations of approximately 8% adjusted EPS growth.

Other companies kept their outlooks or lowered some targets

• Axon: the chief financial officer said the fiscal year 2026 free cash flow target is $350 million to $400 million, down from the prior $450 million target because of continued inventory investment.
• Global Payments: the chief financial officer said the company continued to expect fiscal year 2026 adjusted EPS of $13.60-$13.80.
• Verisk: the chief financial officer said it maintained its fiscal year 2026 revenue outlook at $3.19 billion to $3.24 billion.
• Occidental Petroleum: the chief financial officer said its fiscal year 2026 adjusted pre-tax income guidance is $2 billion, and that it reached its $10 billion principal debt milestone ahead of expectations.