Q2 2026 Earnings Season Highlights Major Corporate Results

실적/어닝스 | Tue Jul 21 2026 00:00:00 GMT+0000 (Coordinated Universal Time) | 8 sources

Netflix and IBM plunged while Morgan Stanley, UnitedHealth, and J&J delivered earnings surprises, reflecting mixed Q2 results.

Analysis

[IBM] plunged a record 25% after Q2 preliminary earnings warning ^[4][8][5]

• Adjusted EPS of $2.93 and revenue of $17.2B missed market expectations
• Weakness in software and infrastructure segments
• Worst single-day drop
• exceeding 1987 Black Monday levels

[Netflix] fell 7% on disappointing guidance despite 13% Q2 revenue growth

• Revenue of $12.56B and EPS of $0.80 met expectations
• Narrowed 2026 revenue guidance to $51.0B–$51.4B
• Record $4.7B share buyback in Q2 []

[Morgan Stanley] posted record quarterly revenue and profit driven by 69% surge in equities trading

• EPS of $3.46 and revenue of $21.35B substantially beat market expectations
• Record equities trading revenue of $6.3B
• Investment banking revenue rose 58% to $2.44B []

[UnitedHealth Group] delivered earnings beat and raised annual guidance through AI-driven cost savings

• Adjusted EPS of $6.38 substantially exceeded the $4.90 estimate
• Raised 2026 adjusted EPS outlook to $19.50–$20
• $1.5B investment in AI for operational efficiency []

[Johnson & Johnson] beat expectations and raised annual guidance on Tremfya and Darzalex growth

• Revenue of $25.31B and adjusted EPS of $2.90 beat expectations
• Tremfya revenue surged 72.5% to $2B
• Raised annual revenue outlook to $101.1B and EPS to $11.68 []

[United Airlines / Delta Air Lines] beat earnings but faced pressure from surging fuel costs

• United's adjusted EPS of $1.99 beat the $1.88 estimate
• United projects up to $6B in additional annual fuel costs
• Delta reported Q2 revenue of $17.67B and adjusted EPS of $1.56 []

Sources

• [1] Netflix Has Plummeted Over the Past Year and Just Dropped Again on Earnings. At 22 Times Profits, Is It a Buy? - The Motley Fool
• [2] Netflix stock falls as earnings forecast disappoints, company says it will give fewer engagement updates - CNBC Earnings
• [3] UnitedHealth blows past estimates, hikes earnings outlook as it reins in costs - CNBC Earnings
• [4] United earnings top estimates but airline expects $6 billion in added fuel costs - CNBC Earnings
• [5] Morgan Stanley posts record quarterly revenue and profit as equities trading surges 69% - CNBC Earnings
• [6] J&J quarterly earnings beat Wall Street estimates on strength of medicines unit - CNBC Earnings
• [7] IBM stock craters 25%, the worst day on record, after company issues second-quarter earnings warning - CNBC Earnings
• [8] Delta expects higher airfare to last, bringing 2026 profit goal in reach, CEO says - CNBC Earnings