US earnings calls, October 27 to November 3, 2026: several companies raise 2026 guidance

Several companies said they raised their guidance for fiscal year 2026

• Arista Networks: the chief executive said the company raised its fiscal year 2026 revenue guidance to $13.3 billion, representing 48% annual growth. It was the fourth guidance increase in 2026.
• Amgen: the chief financial officer said Amgen raised its fiscal year 2026 guidance to total revenue of $38.9 billion-$39.7 billion. The new range for non-GAAP earnings per share (EPS) is $22.90-$23.70. Non-GAAP means a measure that is not prepared under US generally accepted accounting principles (GAAP). EPS is profit per share.
• Block: the chief financial officer said Block raised fiscal year 2026 guidance to gross profit of $12.626 billion, up 22% year over year. The guidance for adjusted diluted EPS is $4.15, up 75% year over year.
• IQVIA: the chief financial officer said IQVIA raised fiscal year 2026 revenue guidance to $17.35-$17.5 billion. That represents 6.4%-7.3% year-over-year growth.
• Waters: the chief executive said Waters raised its fiscal year 2026 revenue guidance by $43 million at the midpoint.

Chipmakers and network suppliers said they expect stronger demand

The chief executive of Advanced Micro Devices (AMD) said AMD now expects server revenue to double year over year in fiscal year 2027. Its prior expectation was more than 70% growth. The chief executive said AMD expects the fourth quarter of fiscal year 2026 to be an even stronger quarter. The chief executive of Arista Networks described its calendar year 2027 outlook as much higher and more optimistic than previously projected. The chief executive said Arista's long-term gross margin range has tightened from 60%-65% to 62%-64%. Gross margin is the share of revenue left after the direct cost of sales. STMicroelectronics said it is committed to a 44%-46% gross margin target once its manufacturing reshaping plan is completed.

Other companies described their outlooks and recent results

• Williams Companies: the chief financial officer said Williams expects to track toward the upper half of its $8.3 billion-$8.5 billion fiscal year 2026 Adjusted EBITDA guidance range. EBITDA means earnings before interest, taxes, depreciation and amortization.
• Ameriprise Financial: the chief executive said earnings per share increased 22% in the third quarter of fiscal year 2026.
• Booking Holdings: the chief financial officer said the company expects room nights to increase 1% to 3% year over year in the fourth quarter of fiscal year 2026.