{"id":55566,"date":"2025-11-04T17:38:21","date_gmt":"2025-11-04T21:38:21","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/earnings-season-kicks-off-strong-for-amd-amgen-and-rivian-super-micro-misses-q1-but-guides-up-amidst-global-economic-shifts\/55566\/"},"modified":"2025-11-04T17:38:21","modified_gmt":"2025-11-04T21:38:21","slug":"earnings-season-kicks-off-strong-for-amd-amgen-and-rivian-super-micro-misses-q1-but-guides-up-amidst-global-economic-shifts","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/earnings-season-kicks-off-strong-for-amd-amgen-and-rivian-super-micro-misses-q1-but-guides-up-amidst-global-economic-shifts\/55566\/","title":{"rendered":"Earnings Season Kicks Off Strong for AMD, Amgen, and Rivian; Super Micro Misses Q1 but Guides Up Amidst Global Economic Shifts"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Advanced Micro Devices (<a href=\"\/stock\/AMD\">AMD<\/a>)<\/strong> and <strong>Amgen (<a href=\"\/stock\/AMGN\">AMGN<\/a>)<\/strong> reported robust third-quarter earnings, significantly exceeding revenue and earnings per share (EPS) estimates, while <strong>Rivian (<a href=\"\/stock\/RIVN\">RIVN<\/a>)<\/strong> also surpassed revenue and vehicle delivery expectations.<\/li>\n<li><strong>Super Micro Computer (<a href=\"\/stock\/SMCI\">SMCI<\/a>)<\/strong> missed its first-quarter revenue and EPS estimates but offered an optimistic revenue forecast for the second quarter, suggesting a rebound.<\/li>\n<li>Norway&#39;s <strong>$2.1 trillion oil fund<\/strong> has suspended its ethics rules to avoid divesting from major technology companies, signaling a pragmatic shift in investment policy.<\/li>\n<li>The <strong>U.S. government faces a potential shutdown<\/strong> next week, which an official warns could lead to &quot;mass chaos&quot; due to possible airspace closures. Meanwhile, <strong>Canada&#39;s budget projects larger deficits<\/strong> for 2025, with increased spending on defense, housing, and infrastructure.<\/li>\n<\/ul>\n<p>The latest earnings season has delivered a mixed but generally positive picture for several key players, with <strong>AMD (<a href=\"\/stock\/AMD\">AMD<\/a>)<\/strong>, <strong>Amgen (<a href=\"\/stock\/AMGN\">AMGN<\/a>)<\/strong>, and <strong>Rivian (<a href=\"\/stock\/RIVN\">RIVN<\/a>)<\/strong> posting strong results that beat analyst expectations. This comes amidst a backdrop of evolving global economic policies and potential governmental disruptions.<\/p>\n<p><strong>Advanced Micro Devices (<a href=\"\/stock\/AMD\">AMD<\/a>)<\/strong> announced strong third-quarter earnings, reporting revenue of <strong>$9.25 billion<\/strong>, significantly beating estimates of <strong>$8.74 billion<\/strong>. The semiconductor giant also posted an adjusted EPS of <strong>$1.20<\/strong>, surpassing the <strong>$1.17<\/strong> estimate. Adjusted operating income reached <strong>$2.24 billion<\/strong>, slightly above estimates, with the company investing <strong>$2.14 billion<\/strong> in research and development during the quarter.<\/p>\n<p>Similarly, <strong>Amgen (<a href=\"\/stock\/AMGN\">AMGN<\/a>)<\/strong> reported an impressive third quarter, with revenue reaching <strong>$9.56 billion<\/strong>, well above the estimated <strong>$8.95 billion<\/strong>. Its adjusted EPS stood at <strong>$5.64<\/strong>, comfortably beating the <strong>$4.99<\/strong> estimate. The biotechnology firm&#39;s adjusted operating income was <strong>$4.31 billion<\/strong>, ahead of the expected <strong>$3.79 billion<\/strong>, leading the company to raise its full-year revenue and adjusted EPS guidance.<\/p>\n<p>In the electric vehicle sector, <strong>Rivian (<a href=\"\/stock\/RIVN\">RIVN<\/a>)<\/strong> delivered better-than-expected third-quarter results. The company&#39;s revenue rose <strong>78%<\/strong> to <strong>$1.56 billion<\/strong>, exceeding estimates of <strong>$1.49 billion<\/strong>, driven by higher vehicle deliveries and pricing. Rivian delivered <strong>13,201 vehicles<\/strong>, surpassing the estimated <strong>12,972<\/strong>, and produced <strong>10,720 vehicles<\/strong>, also above expectations. The adjusted loss per share was <strong>$0.65<\/strong>, better than the anticipated loss of <strong>$0.71<\/strong>.<\/p>\n<p>However, <strong>Super Micro Computer (<a href=\"\/stock\/SMCI\">SMCI<\/a>)<\/strong> presented a more complex earnings report. For its first quarter of 2025, the company reported revenue of <strong>$5.02 billion<\/strong>, falling short of the <strong>$6.09 billion<\/strong> estimate, with adjusted EPS at <strong>$0.35<\/strong>, below the expected <strong>$0.41<\/strong>. The gross margin was <strong>9.5%<\/strong>, slightly below the <strong>9.63%<\/strong> estimate. Despite the misses, <strong>Super Micro Computer (<a href=\"\/stock\/SMCI\">SMCI<\/a>)<\/strong> offered a strong outlook for the second quarter, projecting revenue between <strong>$10 billion<\/strong> and <strong>$11 billion<\/strong>, significantly higher than the <strong>$8.05 billion<\/strong> estimate.<\/p>\n<p>Beyond corporate earnings, the global financial landscape is seeing notable shifts. Norway\u2019s <strong>$2.1 trillion oil fund<\/strong> has suspended its ethics rules, a move designed to prevent the fund from being forced to sell its substantial stakes in Big Tech companies. This decision reflects a broader challenge for large institutional investors balancing ethical guidelines with market realities.<\/p>\n<p>On the governmental front, the <strong>United States faces a looming government shutdown<\/strong> that could lead to severe disruptions, including the potential closure of some airspace next week, which an official warned could result in &quot;mass chaos&quot;. Meanwhile, <strong>Canada&#39;s budget for 2025<\/strong> is set to incur larger deficits, now projected at <strong>C$78 billion<\/strong>, as Prime Minister Mark Carney&#39;s administration injects tens of billions into defense, housing, and major projects aimed at boosting exports. The country&#39;s debt-to-GDP ratio is expected to peak at <strong>43.3%<\/strong> by 2029.<\/p>\n<p>In the broader market, the world&#39;s bond markets have been described as turning into a &quot;giant blob,&quot; indicating a complex and potentially less transparent environment. Additionally, the do-it-yourself traders who embraced <strong>Bitcoin ETFs<\/strong> as cryptocurrency moved into the mainstream are now experiencing the volatility inherent in digital assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Advanced Micro Devices (AMD) and Amgen (AMGN) reported robust third-quarter earnings, significantly exceeding revenue and earnings per share 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