Explainers
How to read an earnings report: revenue, EPS, margins and guidance
A walk through a quarterly results release, from GAAP and adjusted earnings to backlog and guidance, using figures three US companies reported on 22 and 23 October 2026.
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Tech
Tempus AI's data deals with BMS and Pathos provide for up to $192.5m over about five years
Bristol-Myers Squibb will pay $137.5m in fixed payments under an oncology contract running to 2031; Pathos AI will pay up to $55m, depending on neurology records delivered.
Earnings
LKQ withdraws 2026 guidance and CEO Justin Jude leaves; preliminary Q3 shows a loss
Salvatore A. Abbate becomes President and Chief Executive Officer on 15 December 2026. Preliminary Q3 2026 revenue was $3.32bn, against $3.50bn a year earlier.
Macro
British retail volumes fall 0.4% on the month in September; Danish sales rise 0.4%
Both offices revised August: the ONS up to a 0.7% rise from a 0.5% rise, Statistics Denmark to a 0.3% fall from a 0.6% fall.
Macro
Japan's CPI less fresh food and energy rises to 2.4% year on year in September
The rate was 1.9% in August. All items CPI and all items less fresh food each rose 2.1% in September 2026, the Statistics Bureau of Japan said on 23 October 2026.
IPOs
Lycia Therapeutics prices upsized IPO at $18, top of its range, to raise about $317.5m
The protein-degrader developer priced 17,640,000 shares, up from the 14,700,000 in its preliminary prospectus, and was expected to start trading on Nasdaq as LYCA on 23 October 2026.
Companies
Gilead to pay $1.275bn upfront for PepStar's oral IL-23R inhibitor program
The cash deal for Phase 1 candidate HCXT-2001 is expected to close in Q4 2026 and to cut Gilead's Q4 GAAP and non-GAAP EPS by about $0.79 to $0.83.
Earnings
Sallie Mae cuts 2026 diluted EPS outlook to $1.95-$2.05, posts Q3 2026 GAAP loss
Provisions and expenses tied to what it called its fastest-ever originations growth pushed the student lender to a Q3 2026 loss; it now expects 2026 net charge-offs of $400m-$420m.
Earnings
Flagstar pushes full delivery of strategic targets to 2028 as Q3 EPS drops to $0.01
The New York lender blamed higher-for-longer interest rates; its Q3 2026 credit loss provision rose $58m from Q2, which it attributed mainly to higher rates, including on NYC rent-regulated loans.
Earnings
Booz Allen raises FY2027 adjusted EPS outlook to $6.50-$6.70 as Q2 revenue falls 3.9%
Civil and commercial revenue dropped in fiscal Q2 2027 while national security work edged up; adjusted EPS rose 18.1% to $1.76.