Earnings Week Apr. 21 - Apr. 25
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Tesla (TSLA): Q1 2025 revenue $19.34B, down 9% YoY, missing $21.4B estimate. Adjusted EPS $0.27, below $0.42 forecast. Energy storage deployments hit 10.4 GWh, up 156.6% YoY, with energy revenue at $2.73B, up 67%. Auto margins fell due to lower deliveries (336,681, down 13% YoY) and discounts. CEO Elon Musk emphasized Robotaxi progress, targeting Austin launch in June 2025, and projected a million of Optimus robots by 2030.
Full review on the channel
Enphase Energy (ENPH): Q1 revenue $356.1M, up 35% YoY but below $361M expected. Adjusted EPS $0.68, missing $0.70 estimate. Shipped 1.53M microinverters and 170.1 MWh of IQ Batteries. Management noted softer demand, with Q2 revenue guidance of $360M-$400M signaling caution.
Vertiv (VRT): Q1 2025 revenue $2.07B, up 25% YoY, beating $1.98B estimate. Adjusted EPS $0.71, surpassing $0.62 forecast. Strong AI-driven data center demand fueled growth, with orders up 60% YoY and backlog at $7.4B. CEO Giordano Albertazzi raised full-year 2025 guidance: revenue $9.33B-$9.58B (vs. $9.2B prior), EPS $3.45-$3.65 (vs. $3.15-$3.35). Management emphasized leadership in AI infrastructure, targeting $1B in AI-related bookings by 2026.
Intuitive Surgical (ISRG): Q1 adjusted EPS $1.81, beating $1.72 estimate; revenue $2.25B, above $2.19B forecast. Procedure growth up 17% YoY. Management raised FY25 procedure growth forecast but lowered margin guidance to 65-66.5% from 69.1% due to tariff impacts. Analysts noted solid fundamentals but flagged tariff-related margin pressure as a concern.
Chipotle Mexican Grill (CMG): Q1 2025 revenue $2.88B, up 6.7% YoY, missing $2.92B estimate. Adjusted EPS $0.29, beating $0.28 forecast. Same-store sales fell 0.5% YoY, first decline since 2020, due to softer demand and weather. CEO Scott Boatwright cited delayed "burrito season" and consumer spending slowdown, projecting low single-digit same-store sales growth for 2025. CFO Adam Rymer noted tariff-driven cost inflation (0.2% Q2 impact).
Lam Research (LRCX): Q1 2025 (ended Mar. 2025) revenue $4.8B, up 26% YoY, beating $4.59B estimate. Adjusted EPS $1.04, surpassing $1.00 forecast. Strong demand for memory and AI chips drove growth. Management raised Q4 guidance to $4.7B-$5.3B revenue, $1.10-$1.30 EPS, above consensus ($4.45B, $0.98). CEO Tim Archer highlighted resilient equipment spending. Analysts upbeat on AI-driven outlook.
IBM (IBM): Q1 2025 revenue $14.5B, up 1.5% YoY, topping $14.4B estimate. Adjusted EPS $1.60, beating $1.42 forecast. Software segment grew 5.5%, driven by AI and hybrid cloud. CEO Arvind Krishna emphasized generative AI momentum, with $3B in AI bookings. Q2 revenue guidance $16.4B-$16.75B, above $16.3B estimate. Analysts mixed, citing mainframe cycle concerns.
ServiceNow (NOW): Q1 2025 revenue $3.09B, up 22% YoY, edging $3.08B estimate. Adjusted EPS $4.04, beating $3.83 forecast. Subscription revenue grew 24%, fueled by AI workflow demand. CEO Bill McDermott raised full-year subscription revenue guidance to $12.73B-$12.78B, signaling confidence in AI adoption. Analysts bullish, citing strong enterprise software demand.
Texas Instruments (TXN): Q1 2025 revenue $4.07B, down 5% YoY, beating $3.91B estimate. Adjusted EPS $1.28, topping $1.06 forecast. Analog and embedded chip demand offset automotive weakness. CEO Haviv Ilan raised Q2 guidance to $3.95B-$4.25B revenue, above $3.9B estimate. Analysts see recovery signs despite soft auto market.
Intel and Alphabet’s earnings review will be posted on the channel.