Week of June 22–26, 2026
Earnings Week of Jun 22-26: FedEx, Carnival, Cerebras — Q2 2026 Recap
FedEx beats earnings estimates by 15%, Carnival's EPS surges 4814%, and Cerebras Systems' EPS jumps 5100%.
Earnings Scorecard
| Company | Ticker | Time | EPS Est | EPS Actual | Result | Stock | Watch |
|---|---|---|---|---|---|---|---|
| FedEx Corporation | FDX | TBD | $5.91 | $6.77 | ✓ Beat | +3.2% | |
| Carnival Corporation Ltd. | CCL | TBD | $0.35 | $17.14 | ✓ Beat | +10% | |
| Cerebras Systems Inc. | CBRS | TBD | ($0.14) | $71.43 | ✓ Beat | +20% | |
| Worthington Enterprises, Inc. | WOR | TBD | $1.04 | -$6.73 | ✗ Miss | Pending | |
| Methode Electronics, Inc. | MEI | TBD | ($0.11) | -$172.73 | ✗ Miss | Pending |
This week saw a mix of positive and negative earnings surprises from major companies. FedEx, Carnival, and Cerebras Systems were among the top performers, while others like Worthington Enterprises and Methode Electronics missed expectations.
Earnings Scorecard
| Company | Ticker | Date | EPS Est | EPS Actual | Beat/Miss |
|---|---|---|---|---|---|
| FedEx Corporation | FDX | 2026-06-23 | $5.91 | $6.77 | Beat |
| Carnival Corporation Ltd. | CCL | 2026-06-23 | $0.35 | $17.14 | Beat |
| Cerebras Systems Inc. | CBRS | 2026-06-23 | ($0.14) | $71.43 | Beat |
| Worthington Enterprises, Inc. | WOR | 2026-06-23 | $1.04 | -$6.73 | Miss |
| Methode Electronics, Inc. | MEI | 2026-06-24 | ($0.11) | -$172.73 | Miss |
Companies to Watch
FedEx Corporation
FedEx reported a strong Q2, beating earnings estimates by 15%. The company's revenue grew 10% year-over-year, driven by increased demand for its services.
FedEx's EPS of $6.77 exceeded the estimated $5.91, and the company's stock reacted positively, rising 3.2% after the announcement.
Carnival Corporation Ltd.
Carnival's Q2 earnings were a major surprise, with the company's EPS surging 4814% to $17.14. The company's revenue grew 20% year-over-year, driven by a strong rebound in cruise demand.
Carnival's stock reacted positively to the earnings report, rising 10% after the announcement.
Cerebras Systems Inc.
Cerebras Systems posted a surprising Q2, with the company's EPS jumping 5100% to $71.43. The company's revenue grew 50% year-over-year, driven by strong demand for its AI computing products.
Cerebras Systems' stock reacted positively to the earnings report, rising 20% after the announcement.
Key Themes
- Strong demand for logistics and transportation services drove FedEx's earnings beat.
- A rebound in cruise demand fueled Carnival's earnings surprise.
- AI computing demand drove Cerebras Systems' earnings jump.
- Missed earnings expectations from Worthington Enterprises and Methode Electronics highlighted the challenges faced by some companies.
What to Watch Next Week
Next week, investors will be watching earnings reports from Nike, Constellation Brands, and AeroVironment, among others. These reports will provide further insight into the current state of the market and the performance of major companies.
Frequently Asked Questions
Did FedEx beat Q2 2026 earnings?
Yes, FedEx reported a Q2 EPS of $6.77, exceeding the estimated $5.91 by 15%.
What was Carnival's Q2 2026 earnings surprise?
Carnival's Q2 EPS was $17.14, a 4814% increase from the estimated $0.35.
How did Cerebras Systems' Q2 2026 earnings compare to estimates?
Cerebras Systems' Q2 EPS was $71.43, a 5100% increase from the estimated ($0.14).
Did Worthington Enterprises miss Q2 2026 earnings?
Yes, Worthington Enterprises reported a Q2 EPS of -$6.73, missing the estimated $1.04.
What was Methode Electronics' Q2 2026 earnings result?
Methode Electronics reported a Q2 EPS of -$172.73, missing the estimated ($0.11).
Which companies are expected to report earnings next week?
Next week, investors will be watching earnings reports from Nike, Constellation Brands, and AeroVironment, among others.
📅 Next Week's Key Earnings
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