Earnings Flash: Jabil Surges on Beat-and-Raise, Macy’s Tops Revenue Estimates — GIS Misses

Pre-market earnings roundup for Wednesday, March 18, 2026 — three high-profile companies reported before the bell. The headline story: Jabil crushed estimates and lifted guidance, powered by cloud demand. Macy’s posted a revenue beat and saw its stock surge. General Mills disappointed on both the top and bottom lines. And tonight, all eyes shift to Micron Technology.

🟢 Jabil (JBL) — Beat & Raise. Cloud Demand Drives the Upside

Jabil delivered a standout Q2 FY2026 report, beating EPS estimates by approximately $0.20 against a consensus of $2.39 — and topping revenue forecasts as well. More importantly, the contract electronics manufacturer raised its full-year fiscal 2026 outlook, citing accelerating demand from cloud infrastructure customers.

The raised guidance is the key catalyst. Management’s confidence in the cloud build-out tailwind — driven by AI data center capex — is translating directly into stronger order flow for Jabil’s manufacturing operations. The stock was soaring in pre-market trading.

Market cap: ~$27.2B | Fiscal quarter ending: February 2026

🟢 Macy’s (M) — Revenue Beat, Stock Soars — But FY2026 Guidance Is Cautious

Macy’s reported its Q4 FY2025 results, beating revenue estimates and returning to annual comparable sales growth for the first time in several quarters. The stock surged in pre-market trading on the headline numbers.

The store revamp strategy is showing tangible progress — but investors should note that management issued a cautious outlook for fiscal year 2026, with the company expecting full-year sales to decline. That sets up a potential give-back once the initial enthusiasm fades.

• Q4 revenue beat estimates
• Annual comparable sales growth returned ✅
• FY2026 guidance: expects sales decline ⚠️
• EPS consensus for Q4: $1.53 (vs. $1.80 last year)

Market cap: ~$4.5B | Pre-market stock: $16.92

🔴 General Mills (GIS) — Misses on Both EPS and Revenue

General Mills delivered a disappointing Q3 FY2026, missing analyst estimates on both earnings per share and revenue. The packaged-food giant has been navigating volume pressure as consumers trade down or reduce spending on branded goods.

The silver lining: management reaffirmed its full-year fiscal 2026 outlook on the earnings call, suggesting the miss is viewed internally as a temporary hiccup rather than a structural deterioration. Still, a miss is a miss — and with a 6.3% dividend yield, income investors will be watching margin trends closely.

• Q3 EPS: missed estimate of $0.74 ❌
• Q3 Revenue: below expectations ❌
• FY2026 full-year outlook: reaffirmed ✅

Market cap: ~$20.8B | Dividend yield: ~6.3%

⏳ Tonight After Hours: Micron Technology (MU) — The Semiconductor Flashpoint

The most consequential earnings event of the day comes after the close. Micron Technology — the largest US memory chip maker — reports fiscal Q2 FY2026 results. Street consensus calls for EPS of $8.64, a massive leap from $1.41 reported in the same quarter last year. Revenue expectations are equally aggressive, fueled by the AI-driven memory supercycle.

Given Micron’s role as a bellwether for semiconductor demand and its exposure to HBM (high-bandwidth memory) used in NVIDIA’s AI accelerators, the guidance commentary tonight will move the entire chip sector. Current pre-market price: $461.69. Market cap: ~$497B.

Pre-Market Earnings Scorecard — March 18, 2026

Williams-Sonoma (WSM, Q4 FY2025, EPS est. $2.89) is also scheduled to report pre-market today. Results pending at publication time.

mercados.lat | Earnings Flash | Wednesday, March 18, 2026