{"id":61391,"date":"2026-04-29T02:38:22","date_gmt":"2026-04-29T06:38:22","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/q1-2026-earnings-roundup-totalenergies-astrazeneca-and-gsk-beat-estimates-amid-geopolitical-headwinds\/61391\/"},"modified":"2026-04-29T02:38:22","modified_gmt":"2026-04-29T06:38:22","slug":"q1-2026-earnings-roundup-totalenergies-astrazeneca-and-gsk-beat-estimates-amid-geopolitical-headwinds","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/q1-2026-earnings-roundup-totalenergies-astrazeneca-and-gsk-beat-estimates-amid-geopolitical-headwinds\/61391\/","title":{"rendered":"Q1 2026 Earnings Roundup: TotalEnergies, AstraZeneca, and GSK Beat Estimates Amid Geopolitical Headwinds"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>TotalEnergies (<a href=\"\/stock\/TTE\">TTE<\/a>), AstraZeneca (<a href=\"\/stock\/AZN\">AZN<\/a>), and GSK (<a href=\"\/stock\/GSK\">GSK<\/a>) all surpassed Q1 2026 analyst expectations<\/strong>, driven by strong operational performance and robust demand in energy and healthcare sectors.<\/li>\n<li><strong>TotalEnergies (<a href=\"\/stock\/TTE\">TTE<\/a>) raised its interim dividend by 5.9% to \u20ac0.90 per share<\/strong> and warned that ongoing global conflicts have eliminated the 2026 hydrocarbon surplus scenario previously forecasted.<\/li>\n<li><strong>Adidas (<a href=\"\/stock\/ADS\">ADS<\/a>) warned of a \u20ac400 million impact on full-year operating profit<\/strong> due to higher U.S. tariffs and adverse currency developments, despite beating Q1 revenue and profit estimates.<\/li>\n<li><strong>Sweden\u2019s economy signaled a late-quarter recovery<\/strong> as March GDP grew <strong>1.9% month-over-month<\/strong>, offsetting a disappointing <strong>0.2% contraction<\/strong> for the full first quarter.<\/li>\n<li><strong>Volvo Cars (<a href=\"\/stock\/VOLCAR-B\">VOLCAR-B<\/a>) reported strong European demand for the EX60<\/strong>, though the CEO admitted the company underestimated the negative impact of discontinued U.S. subsidies on plug-in hybrid sales.<\/li>\n<\/ul>\n<h2>Energy and Pharma Lead Earnings Beats<\/h2>\n<p><strong>TotalEnergies (<a href=\"\/stock\/TTE\">TTE<\/a>)<\/strong> reported a strong start to 2026, posting <strong>Adjusted EPS of $2.45<\/strong>, well ahead of the <strong>$2.21<\/strong> estimate. The board authorized <strong>$1.5 billion in share buybacks<\/strong> for the upcoming quarter, supported by <strong>Adjusted EBITDA of $12.55 billion<\/strong>. The company noted that geopolitical tensions have significantly tightened global hydrocarbon inventories, removing the risk of a supply glut this year.<\/p>\n<p><strong>AstraZeneca (<a href=\"\/stock\/AZN\">AZN<\/a>)<\/strong> delivered <strong>Q1 revenue of $15.288 billion<\/strong>, beating the <strong>$14.955 billion<\/strong> consensus. The pharmaceutical giant reported <strong>Core EPS of $2.58<\/strong> and reconfirmed its full-year 2026 guidance, stating it remains on track for its ambitious 2030 growth targets.<\/p>\n<p><strong>GSK (<a href=\"\/stock\/GSK\">GSK<\/a>)<\/strong> also outperformed, with <strong>Q1 revenue reaching \u00a37.63 billion<\/strong>. Performance was bolstered by exceptional sales of its shingles vaccine, <strong>Shingrix<\/strong>, which generated <strong>\u00a31.03 billion<\/strong> compared to the <strong>\u00a3840.3 million<\/strong> expected. The company maintained its dividend at <strong>17p per share<\/strong> and reiterated its full-year sales growth outlook of <strong>+3% to +5%<\/strong>.<\/p>\n<h2>Consumer Goods and Automotive Outlook<\/h2>\n<p><strong>Adidas (<a href=\"\/stock\/ADS\">ADS<\/a>)<\/strong> posted <strong>Q1 revenue of \u20ac6.59 billion<\/strong>, exceeding the <strong>\u20ac6.3 billion<\/strong> estimate, while operating profit hit <strong>\u20ac705 million<\/strong>. However, management cautioned that <em>macroeconomic headwinds, including U.S. tariffs and Middle East conflict-related sales declines<\/em>, remain a risk. The company expects these factors to weigh on the bottom line for the remainder of the fiscal year.<\/p>\n<p><strong>Volvo Cars (<a href=\"\/stock\/VOLCAR-B\">VOLCAR-B<\/a>)<\/strong> is seeing a divergence in its global markets, with <strong>strong margins on the new EX60<\/strong> in Europe. Conversely, the company is facing <strong>significant price pressure in Germany<\/strong> and a slump in U.S. plug-in hybrid sales following the end of federal subsidies.<\/p>\n<p><strong>Carlsberg (<a href=\"\/stock\/CARL-B\">CARL-B<\/a>)<\/strong> reported <strong>Q1 revenue of DKK 20.72 billion<\/strong>, slightly missing the <strong>DKK 20.74 billion<\/strong> estimate. Despite the revenue miss, the brewer saw <strong>organic volume growth of 2.8%<\/strong>, doubling analyst expectations of <strong>1.34%<\/strong>, and maintained its full-year organic operating profit guidance of <strong>+2% to +6%<\/strong>.<\/p>\n<h2>Financials, Utilities, and Macroeconomic Data<\/h2>\n<p><strong>Lloyds Bank (<a href=\"\/stock\/LYG\">LYG<\/a>)<\/strong> reported a <strong>statutory pretax profit of \u00a32.03 billion<\/strong>, comfortably beating the <strong>\u00a31.78 billion<\/strong> estimate. The bank notably made <strong>no changes to its provisions<\/strong> for the ongoing motor finance commission investigation and reiterated its 2026 financial targets.<\/p>\n<p><strong>Iberdrola (<a href=\"\/stock\/IBE\">IBE<\/a>)<\/strong> matched expectations with a <strong>net income of \u20ac1.71 billion<\/strong> on revenues of <strong>\u20ac12.02 billion<\/strong>. The utility provider continues to benefit from its transition to renewable energy as European power markets stabilize.<\/p>\n<p>In macroeconomic news, <strong>Sweden&#39;s GDP Indicator<\/strong> showed a <strong>0.2% decline<\/strong> for Q1 2026, missing the <strong>0.2% growth<\/strong> estimate. However, a sharp <strong>3.1% jump in March retail sales<\/strong> and a <strong>1.9% monthly GDP increase<\/strong> suggest the Swedish economy entered the second quarter with renewed momentum. Meanwhile, <strong>Norway&#39;s retail sales<\/strong> remained sluggish, dipping <strong>0.1%<\/strong> in March.<\/p>\n<h2>Geopolitical Developments<\/h2>\n<p>Diplomatic efforts are intensifying in the Middle East as <strong>senior Pakistani officials<\/strong> confirmed they are working to &quot;narrow the gaps&quot; between the <strong>United States and Iran<\/strong>. While mediation efforts continue, <strong>Israel\u2019s foreign minister<\/strong> signaled ongoing friction with Washington, stating that disagreements remain regarding the strategy for regime change in Tehran.<\/p>\n<p>In Iraq, the <strong>U.S. Embassy in Baghdad<\/strong> welcomed the appointment of a new Prime Minister, signaling potential for increased regional stability. However, the <em>Wall Street Journal<\/em> warned that <strong>oil prices could see further upside<\/strong> if shipping disruptions in key maritime corridors persist, potentially fueling renewed inflationary pressures.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways TotalEnergies (TTE), AstraZeneca (AZN), and GSK (GSK) all surpassed Q1 2026 analyst expectations, driven by strong operational performance 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