The Market's True Earnings Expectations

Go beyond the consensus and become a better stock picker with Earnings Whisper numbers, investor sentiment, and proprietary research and tools to help you capture the Post-Earnings Announcement Drift (PEAD) and outperform the overall stock market. Plus, get the most accurate earnings dates, earnings news, and insights into how stocks react before and after earnings.



Most Anticipated Earnings Releases TM

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The most anticipated earnings releases for the week beginning November 3, 2026 are AMD Advanced Micro Devices SMCI Super Micro Computer SHOP Shopify APP AppLovin UBER Uber Technologies

Earnings Whisper® Score

Expectations Get Priced In Before Earnings

The Earnings Whisper Score, from −5 to +5, measures the expectation setup ahead of a report. From Apr 2014 – Oct 2026, +5 Scores averaged +1.07% into earnings while −5 stocks averaged −0.26% — a 134-basis-point spread.

+1.07% +5 Score 11,389 events
+0.47% All others 122,085 events
+0.25% Neutral 18,063 events
−0.26% −5 Score 3,783 events

Average return, one week before the report through the open following the announcement.

−0.40% −0.20% 0.00% +0.20% +0.40% +0.60% +0.80% +1.00% +1.20% 1st Day 2nd Day 3rd Day 4th Day Gap +5 Scores All Others Neutral Scores −5 Scores
Cumulative average return by Earnings Whisper Score, Apr 2014 – Oct 2026.
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The Whisper Report®

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The Rollover

Monday, November 2, 2026
Estimate revisions, company guidance, management confidence, and even employment remain positive, but are all rolling over.
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Earnings Preview

AEHR Aehr Test Systems is expected to report Monday, February 1, after the close.

Aehr Test Systems Must Prove Its Bold Fiscal 2027 Guide as Shares Sit Near Lows

Few small-cap equipment makers have opened a fiscal year with a bigger gap between what management says and what the market seems willing to believe. Last quarter Aehr Test Systems laid out fiscal 2027 revenue of $130 million to $150 million, roughly two and a half to three times the $50 million it booked in fiscal 2026. Analysts are still penciling in about $86.6 million for the year, far below even the bottom of that range, and the stock has since lost 43.7% while the S&P 500 edged higher. The first quarter of the new year is the first real chance to show whether that guide was a forecast or a hope.

For the August quarter, consensus calls for non-GAAP earnings of $0.11 a share on revenue of $27.5 million. That would be a 150% jump from $11.0 million a year ago, when the company lost $0.05 a share, and a solid step up from the $18.8 million reported last quarter. The whisper number sits at $0.15, a meaningful premium to consensus for a company of this size, suggesting the more engaged crowd expects volume and mix to lift profitability faster than the published models assume. Even so, $27.5 million would be a modest start for a $130 million year. Hitting the low end would require the remaining three quarters to average more than $34 million, so the tone of commentary on second-half shipment timing may matter as much as the headline figures.

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Top Earnings News

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The recent, most closely watched, earnings results.

Hecla Mining Reported Earnings

Tuesday, November 3, 2026 at 6:00 PM
Hecla Mining (HL) reported earnings of $0.22 per share on revenue of $394.82 million for the third quarter ended September 2026. . Revenue fell 3.59% compared to the same quarter a year ago.

Hecla Mining Co through its subsidiaries produces lead, zinc and bulk concentrates, which it sells to custom smelters, and unrefined bullion bars containing gold and silver, which are further refined before sale to precious metals traders.

Advanced Micro Devices Beat Expectations, Sees Revenue Above Estimates

Tuesday, November 3, 2026 at 4:15 PM
Advanced Micro Devices (AMD) reported earnings of $2.09 per share on revenue of $13.38 billion for the third quarter ended September 2026. The consensus earnings estimate was $1.94 per share on revenue of $13.12 billion. The Earnings Whisper number was $1.98 per share. The company beat expectations by 5.56% while revenue grew 44.68% on a year-over-year basis.

The company said it expects fourth quarter revenue of $16.49 billion to $17.51 billion. The current consensus revenue estimate is $16.03 billion for the quarter ending December 31, 2026.

“We delivered a record quarter with revenue exceeding the high end of our guidance as Data Center segment sales nearly doubled year-over-year,” said Dr. Lisa Su, AMD chair and CEO. “Demand for our Instinct and EPYC products continued to strengthen, and we expect growth to accelerate further in the fourth quarter as we scale Helios and ‘Venice’ production. With our leadership product portfolio and deep customer and supply chain relationships, we are confident in our ability to sustain very strong revenue growth and expanding profitability over the coming years.”

Advanced Micro Devices Inc is a semiconductor company with facilities around the world. It operates in two segments: Computing Solutions and Graphics and Visual Solutions.

Super Micro Computer Beat Expectations, Sees Revenue Above Estimates

Tuesday, November 3, 2026 at 4:05 PM
Super Micro Computer (SMCI) reported earnings of $1.81 per share on revenue of $19.95 billion for the fiscal first quarter ended September 2026. The consensus earnings estimate was $1.16 per share on revenue of $15.77 billion. The Earnings Whisper number was $1.64 per share. The company beat expectations by 10.37% while revenue grew 297.50% on a year-over-year basis.

The company said it expects second quarter revenue of $19.5 billion to $21.5 billion. The current consensus revenue estimate is $16.6 billion for the quarter ending December 31, 2026. The company also said it expects fiscal 2027 revenue of $72.0 billion to $82.0 billion. The current consensus revenue estimate is $67.7 billion for the year ending June 30, 2027.

“Supermicro’s transformation into a Total AI and IT Datacenter Solution provider continues to accelerate, delivering record revenue of $19.9 billion for the first quarter fiscal 2027,” said Charles Liang, Founder, President, and CEO of Supermicro. “DCBBS is driving significant value for our customers—from gigawatt-scale datacenters down to single-container PODs—which, including our expanding software, proactive service, and networking solutions, is enhancing profitability and long-term shareholder value. Through key enterprise partnerships and expanding global production capacity, we are making AI infrastructure faster to deploy, superior up-time and more cost-effective for our customer base.”

Super Micro Computer Inc is a server technology and green computing company. It develops and provides high performance server solutions based upon an modular and open-standard architecture.

The Drift

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Upcoming Earnings

AI and Chips Dominate a Blockbuster Earnings Week as Investors Brace for Big Swings

October 31, 2026
AAPL PLTR AMD DIBS APP AEHR
This is one of those weeks where the market holds its breath. The marquee name is Apple, which still commands more attention than any other company on the calendar, though the mood heading in feels cautious rather than euphoric. The real energy is coming from the chip and AI crowd. Palantir arrives riding a wave of enthusiasm and genuine business momentum, and the same can be said for Advanced Micro Devices, which has quietly been one of the best stories in semiconductors. Options traders are pricing in fireworks for these names, with some of the smaller, racier tech plays like Fastly, Super Micro, and Astera Labs expected to lurch by double digits in either direction the moment the numbers hit. In short, if you like drama, the technology sector is serving a full menu.
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Recent Positive Earnings

GKOS 10.4% since the report




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