Rivian Automotive, Inc. reported that for the first quarter, "consolidated revenue in the first quarter was approximately $1.4 billion". Management stated that "consolidated gross profit was $119 million, and our gross margin was 9%" for the quarter.

The company noted that "adjusted EBITDA losses for the first quarter were 472million".Additionally,theSoftwareandServicessegmentgenerated"473 million of revenue" and "$181 million of gross profit" for the quarter.

Rivian ended the quarter with "approximately $4.8 billion of cash, cash equivalents and short-term investments".A major highlight of the quarter was the start of "saleable R2 production". CEO RJ Scaringe stated that R2 is "our first mass market vehicle" and expects the bill of materials to be "approximately half of our R1 platform". Rivian also discussed a new "strategic partnership with Uber to accelerate our shared autonomous vehicle goals" and noted that development of the "Rivian Autonomy Processor or RAP1" chip is on track.

Furthermore, the company highlighted a partnership with the U.S. Department of Energy, featuring an "up to $4.5 billion DOE loan" to expand the initial capacity of its future Georgia plant to "300,000 units".Looking ahead to the full year 2026, Rivian maintained its guidance "to deliver between 62,000 and 67,000 total vehicles across R1, R2 and our commercial vans". The company expects second quarter 2026 deliveries of "approximately 9,000 to 11,000 vehicles". For the full year 2026, Rivian continues to expect an "adjusted EBITDA loss of between $2.1 billion to $1.8 billion" and "capital expenditures of $1.95 billion to $2.05 billion". Management believes 2026 is a "transition year for the Automotive segment's path towards long-term profitability" as they scale the R2.

GoDaddy Inc. reported its first quarter 2026 financial results.

For the first quarter, "total revenue grew 6% on both a reported and constant currency basis to $1.3 billion". The company generated "strong free cash flow of $474 million" and delivered a "normalized EBITDA margin to 33%".  Management discussed advancing its "AI transformation" across three areas: AI-native products, Agent Name Service, and operational efficiency.

The "Airo AI Builder" has "rapidly scaled to $10 million plus in annualized bookings run rate" within weeks of its beta launch.

Additionally, GoDaddy launched "Airo Care" across voice and chat, which improved resolution rates in non-English markets by "over 150%". The company also noted an "upgrade of Websites + Marketing" currently being tested in the domains funnel.

Looking ahead, management provided guidance for the second quarter of 2026, targeting "total revenue of $1.285 billion to $1.305 billion". For the full year 2026, the company expects "total revenue to be within a range of $5.195 billion to $5.275 billion" and a "free cash flow target of approximately $1.8 billion". The company highlighted signing a "couple of partnerships over the last quarter with real-world use cases" for its Agent Name Service.

Garmin Ltd. reported its financial results for the first quarter of 2026, noting that "Consolidated revenue increased 14% to $1.75 billion" for the first quarter.

Management highlighted that "Gross and operating margins expanded to 59.4% and 24.6%, respectively". This performance led to a "record first quarter operating income of $432 million" and "pro forma EPS of $2.08" for the quarter.

During the quarter, the company saw varied performance across its business segments.

The Fitness segment was a key driver, where "Revenue increased 42% to $547 million" for the first quarter, which management attributed to "higher unit volumes, resulting in meaningful market share gains". The Aviation segment saw "revenue increased 18% to $264 million" for the first quarter, and the Marine segment reported "Revenue increased 11% to $355 million" for the first quarter.

The Auto OEM segment reported that "Revenue increased 1% to $170 million" for the first quarter, while Outdoor "Revenue decreased 5% to $418 million" for the first quarter.

Management provided updates on forward guidance, stating they are "maintaining the guidance issued in February". For specific segments, they expect "second quarter outdoor performance to be similar to that of Q1" and that "auto OEM revenue to decrease in 2026". They also reaffirmed their expectation that "the Fitness segment will be the strongest contributor to 2026 consolidated growth".The quarter included several notable product and partnership updates. In the Aviation segment, "Daher unveiled their new TBM 980 single-engine turboprop aircraft featuring our G3000 Prime avionics suite" and the "HondaJet Elite II was certified by the FAA, becoming the first twin turbine business jet with Garmin Emergency Autoland technology". In the Auto OEM segment, management noted they "continue to achieve important milestones leading up to the launch of our next large scale program with Mercedes-Benz, which we anticipate will drive significant growth starting in 2027 and beyond".TWEET GRMN reported Q1 2026 Earnings todayRevenue: $1.753 billion for the first quarter EPS: $2.08 for the first quarterMomentum: "meaningful market share gains" and "broad-based growth across multiple product categories"Bull case: "record first quarter operating income of $432 million" Bear case: "unfavorable impact on tariffs this Q1 versus last year"Listen to an informative and funny Garmin debate: [LINK]

Advanced Micro Devices, Inc. reported its first quarter 2026 financial results, stating that "First quarter revenue increased 38% year-over-year to $10.3 billion" driven by higher sales of EPYC CPUs, Instinct GPUs, and Ryzen processors.

Executive Vice President and CFO Jean Hu noted that for the quarter, "Gross margin was 55%" and "Operating income was $2.5 billion, representing a 25% operating margin." The company also generated a record $2.6 billion in free cash flow for the quarter, and diluted earnings per share was $1.37.

Chair and CEO Lisa Su emphasized that "Data center is now the primary driver of our revenue and earnings growth" with data center revenue increasing 57% year-over-year to a record $5.8 billion for the quarter.

She highlighted that "Inferencing and agentic AI are increasing the need for server CPU compute" and noted the company now expects the server CPU total addressable market to grow at greater than 35% annually, reaching over $120 billion by 2030.

The client segment also grew, with first quarter revenue up 26% year-over-year to $2.9 billion.

Management announced an "expanded strategic partnership with Meta to deploy up to 6 gigawatts of AMD Instinct GPUs spanning several product generations." This agreement includes a custom GPU accelerator based on the MI450 architecture.

Lisa Su stated the company has "begun sampling MI450 series GPUs to lead customers and remain on track to ramp Helios production shipments in the second half of the year." Additionally, the company is preparing for its sixth-gen EPYC Venice processor, which remains on track to launch later this year.

Providing forward guidance for the second quarter of 2026, Jean Hu stated, "We expect revenue to be approximately $11.2 billion, plus or minus $300 million." The company expects server CPU revenue to grow by more than 70% year-over-year in the second quarter.

Furthermore, the company guided second quarter non-GAAP gross margin to be approximately 56% and non-GAAP operating expenses to be approximately $3.3 billion.

Palantir Technologies Inc. reported first quarter 2026 revenue of $1.633 billion, representing 85% year-over-year growth and 16% sequential growth. U.S. revenue for the first quarter grew 104% year-over-year to $1.282 billion.

The company reported an adjusted gross margin of 88% for the quarter and adjusted income from operations of $984 million, representing an adjusted operating margin of 60%. GAAP net income for the first quarter was $871 million.

First quarter adjusted free cash flow was $925 million.

Management highlighted the accelerating demand for the Artificial Intelligence Platform, or AIP, with Chief Revenue Officer Ryan Taylor stating, "AIP is the only platform that establishes a true AI no-stop zone, a necessary requisite to converting potential AI leverage into compounding real-world value without risking enterprise disaster." The U.S. commercial business experienced 133% year-over-year growth in the first quarter, reaching $595 million in revenue, while the U.S. government business grew 84% year-over-year to $687 million.

The company noted that AIP workflows utilize vastly more tokens and that the ontology serves as the intermediary representation to prevent economic harm.

The company highlighted several customer deployments, noting that AIG is deploying AIP to implement a multi-agentic underwriting and claims solution coordinated through the ontology.

Palantir is also working with Motor and Freedom Mortgage to revamp the end-to-end mortgage process with AIP. Additionally, GE Aerospace deepened their partnership to deploy agentic AI-powered solutions, and the USDA awarded Palantir a contract of up to $300 million to support American farmers and enhance supply chain resilience.

For the second quarter of 2026, Palantir expects revenue between $1.797 billion and $1.801 billion, with adjusted income from operations between $1.063 billion and $1.067 billion.

For the full year 2026, management raised revenue guidance to between $7.650 billion and $7.662 billion.

The company also raised full year 2026 adjusted income from operations guidance to between $4.440 billion and $4.452 billion, and full year adjusted free cash flow guidance to between $4.2 billion and $4.4 billion.

Amgen reported "4% growth in product sales" for the first quarter.

Non-GAAP operating margin was 45% for the quarter, and non-GAAP cost of sales as a percentage of product sales was 19.5%.

The company generated $1.5 billion in free cash flow in the first quarter and spent $700 million in the first quarter on capital expenditures.

The six key growth drivers delivered 24% year-over-year sales growth and generated $5.6 billion in sales in the first quarter.

First quarter sales included $876 million for Repatha, $562 million for EVENITY, and $490 million for TEPEZZA.Management highlighted the initiation of two new Phase III studies for MariTide to evaluate maintenance for durable weight loss, and another study that will "evaluate switching from weekly injectable GLP-1 therapies to MariTide". The company noted the application of artificial intelligence across the enterprise, including leveraging AI models that have accelerated antibody lead optimization by 50% and reduced production line clearance time at a manufacturing site "from approximately 30 minutes to about 2 minutes per batch run". Amgen also disclosed that it decided to "discontinue development of AMG 193" following a comprehensive review.

Additionally, the company received a draft notice of proposed adjustment from the IRS for 2016 to 2018 asserting significant adjustments.

For the full year 2026, Amgen expects total revenues in the range of $37.1 billion to $38.5 billion and non-GAAP earnings per share to be between $21.70 and $23.10.

The company expects 2026 capital expenditures of approximately $2.6 billion to scale manufacturing capacity.

Management anticipates non-GAAP other income and expense to be in the range of $2.2 billion to $2.3 billion of expense for the year, and expects a non-GAAP tax rate in the range of 15.0% to 16.5%.

The company continues to expect the full year non-GAAP operating margin as a percentage of product sales to be "roughly 45% to 46%" and expects share repurchases not to exceed $3 billion for the year.

Crocs, Inc. reported financial results for the first quarter of 2026, highlighting "Enterprise revenue of $921 million". This represented an Enterprise revenue decrease of 2 percent compared to the prior year on a reported basis.

The Crocs brand generated revenue of $767 million, which was down 2 percent, while the HEYDUDE brand delivered revenue of $154 million, down 13 percent.

The enterprise adjusted gross margin was 56.9 percent, which was down 90 basis points from the prior year.

Management reported an adjusted diluted earnings per share of $2.99 for the quarter.

During the quarter, the company experienced a "better-than-expected first quarter fueled by broad consumer relevance for both of our brands". Growth was led by the direct-to-consumer channel globally, with Crocs brand direct-to-consumer up 11 percent despite pulling back on promotional activity, and HEYDUDE direct-to-consumer up 8 percent despite lower performance marketing spend.

Executives noted "best-in-class inventory management with total footwear units down high single digits" and enterprise inventory turns above their goal of 4x.

Regionally, international revenue for the Crocs brand was up 7 percent on a reported basis, and the company completed the conversion of its Malaysia distributor business to directly owned and operated stores.

Product innovation and brand collaborations were prominent throughout the first quarter.

For the Crocs brand, management noted that consumers "responded positively to product newness across all categories," highlighting strength in the Echo, Crocband, and Crafted franchises.

The company introduced new silhouettes like the classic Vale flat and launched successful partnerships, including a "multiyear global partnership with the LEGO brand" and a Love Shack Fancy collaboration that sold out completely.

The HEYDUDE brand expanded its sandal and work offerings, while releasing collaborations with the Houston Rodeo, Chevy, and Jelly Roll.

Management provided financial guidance for the second quarter and the full year of 2026.

For the full year, enterprise revenue growth is expected "to be up 1% to down 1%" on a reported basis.

Full year adjusted diluted earnings per share are projected to be in the range of $13.20 to $13.75.

For the second quarter, executives expect revenues to be down slightly, with an expected adjusted operating margin of approximately 24.7 percent and adjusted diluted earnings per share in the range of $4.15 to $4.35.

During the first quarter of 2026, Illumina reported revenue of $1.09 billion, which was up 4.8 percent year-over-year and 1.2 percent on an organic basis.

Non-GAAP gross margin for the first quarter was 68.2 percent, and non-GAAP operating margin was 21.9 percent.

The company reported non-GAAP earnings per share of $1.15 per diluted share.

Cash flow provided by operations was $289 million for the quarter, and free cash flow was $251 million for the first quarter.

Management highlighted the placement of over 80 NovaSeq X instruments in the first quarter, noting they were "supply constrained on the number of NovaSeq X units that were placed as the demand continues to remain very robust". Clinical sequencing consumable demand grew 20 percent excluding China for the second consecutive quarter.

Illumina closed the acquisition of SomaLogic on January 30 for a net cash payment of $363 million. In product developments, the company launched TruPath, which enables whole-genome sequencing with deeper insight while eliminating traditional library prep, reducing hands-on time to about 10 minutes.

They also introduced an 18-month road map for NovaSeq X, including new 14B and 35B flow cells.

For full year 2026 guidance, the company raised its reported revenue expectation to a range of $4.52 billion to $4.62 billion, representing a $20 million increase from prior guidance.

Illumina now expects full year 2026 non-GAAP diluted EPS of $5.15 to $5.30.

For the second quarter of 2026, the company expects reported revenue of $1.12 billion to $1.14 billion and non-GAAP EPS of $1.20 to $1.25.

Management noted they are taking several mitigating actions to fully offset the impact of near-term inflationary pressures related to freight costs and higher costs of electronic components during the year.

For the first quarter of 2026, DexCom reported worldwide revenue of $1.19 billion, representing growth of 15% on a reported basis and 12% on an organic basis. U.S. revenue totaled $832 million for the first quarter, representing an increase of 11%.

International revenue grew 26%, totaling $360 million in the first quarter.

First quarter gross profit was $757.4 million or 63.5% of revenue.

Operating income was $264.4 million or 22.2% of revenue in the first quarter of 2026.

Net income for the first quarter was $216.3 million or $0.56 per share.

The company closed the quarter with approximately $2.4 billion of cash and cash equivalents.

Management highlighted strong demand for DexCom CGM globally, benefiting from broader access, new product launches, and continued active base growth. A key business update included the expansion of the DexCom G7 15-day system across all U.S. channels, featuring a new sensor algorithm and extended wear time.

The company noted strong first quarter share gains in the U.S. type 2 diabetes category, primarily from people with type 2 diabetes who are not on insulin.

Management announced a new reimbursement win, noting that Prime Therapeutics will begin covering DexCom CGM for all people with diabetes this summer, which puts the company on track to have commercial coverage for more than 7 million type 2 non-insulin lives by the end of the year.

The company shared notable product updates, including a complete redesign of the Stelo app to offer more AI-driven personalized insights and additional food logging capabilities.

DexCom is also expanding access within its pilot for the DexCom smart Basal feature.

For full year forward guidance, DexCom reaffirmed its prior revenue guidance of $5.16 billion to $5.25 billion.

The company reiterated its previous full year non-GAAP gross profit margin guidance of 63% to 64%, while increasing its non-GAAP operating profit margin guidance to 23% to 23.5% and its adjusted EBITDA margin guidance to 31% to 31.5% for the year.

For the first quarter, Chevron reported earnings of $2.2 billion or $1.11 per share, and adjusted earnings were $2.8 billion or $1.41 per share.

The company generated cash flow from operations, excluding working capital, of $7.1 billion in the quarter.

Adjusted free cash flow was $4.1 billion for the quarter, and share repurchases were $2.5 billion.

Organic CapEx was $3.9 billion in the quarter.

Management highlighted strong momentum with U.S. production over 2 million barrels of oil equivalent per day, Gorgon and Wheatstone LNG running at full rates, and TCO producing above 1 million barrels of oil equivalent per day.

First quarter 2026 oil equivalent production increased by approximately 500,000 barrels per day compared to the first quarter of 2025. In Venezuela, Chevron announced an asset swap with PDVSA, expanding its continuous acreage position with Petro Independencia and increasing its equity stake to 49%.

Chevron confirmed that its 2026 guidance is unchanged.

The company maintained its capital spending budget of $18 billion to $19 billion for the year and expects 7% to 10% production growth this year.

Chevron is on track to deliver a $3 billion to $4 billion structural cost reduction target by year end.

Management also noted that the buyback range is staying within $2.5 billion to $3 billion.

Additionally, Chevron confirmed it is in exclusive discussions with Microsoft regarding a power project in West Texas, advancing the project by submitting an air permit, securing turbines, and selecting an EPC.