Q1 2026 earnings season highlights: Korea Zinc (+175%), Disney streaming profitability, DoorDash GOV beat, Datadog (+31% surge on AI demand) vs. tariff casualties Toyota (-49% profit) and Cloudflare (-16% on layoffs). Rocket Lab tops $200M Q1 revenue for a 34% stock surge.
Telehealth platform Hims & Hers ($HIMS) fell roughly 15% after reporting a first-quarter net loss and issuing guidance that fell short of market expectations. The results reflect mounting pressure on the company's compounded GLP-1 drug business following FDA restrictions on compounded semaglutide, with investors focused on the pace of revenue diversification.
Mirae Asset Securities reported Q1 2026 net income of KRW 1.0019 trillion (+288% year-over-year) and operating income of KRW 1.3750 trillion (+297%), becoming the first Korean securities firm to surpass the KRW 1 trillion threshold on both metrics in a single quarter. An KRW 804 billion fair-value gain on SpaceX and other global holdings was the primary catalyst, while brokerage and wealth management both set all-time records. Total AUM grew KRW 176 trillion in under six months, reaching KRW 776 trillion.
Barrick Mining posted Q1 2026 adjusted EPS of $0.98, beating the $0.81 consensus by 20.9%. Revenue of $5.22 billion exceeded the $4.84 billion estimate by 7.9%. Gold production of 719,000 oz surpassed the upper end of the 640,000–680,000 oz guidance range, and full-year 2026 production guidance was maintained.
Cloudflare reported a 600% surge in AI usage in Q1 2026 while simultaneously announcing layoffs of 1,100 employees (20% of workforce) as agentic AI 'fundamentally changes' the company's operations.
Rocket Lab's stock rose 34% on May 8 — its best day on record — after Q1 revenue of $200.4 million beat FactSet estimates across both segments and the company unveiled its largest launch contract ever. Backlog more than doubled year-over-year to $2.2 billion, and Q2 guidance of $225M–$240M surpassed the LSEG consensus by roughly 14%. SpaceX IPO anticipation and defense tailwinds are repricing the entire space sector.
Toyota Motor (7203.T) posted a 49% drop in fourth-quarter profit for the fiscal year ended March 2026, as U.S. tariffs inflicted severe damage on earnings despite a 1.89% year-on-year revenue increase. The result underscores the structural exposure of Japan's automakers to U.S. trade policy, with the broader sector expecting earnings downgrades as Honda and Nissan report in coming weeks.
Datadog ($DDOG) reported blockbuster Q1 2026 earnings that sent shares up 31%, confirming the company as a primary AI workload beneficiary. The results lifted cloud infrastructure peers Snowflake and MongoDB, signaling that AI-driven data volumes are broadly expanding the cloud observability market.
DoorDash shares rose 12% after posting Q1 2026 EPS of $0.42 vs $0.36 expected and revenue of $4.04 billion (+33% YoY). Q2 gross order value guidance of $32.4-$33.4 billion topped analyst estimates.
Korea Zinc (010130.KS) reported Q1 2026 revenue of ₩6.072 trillion (+58.4% YoY) and operating profit of ₩746.1 billion (+175.2% YoY) — the highest single-quarter operating profit in company history. Operating margin improved to 12.3% (+5.2pp YoY). Safe-haven-driven gold and silver price gains, antimony demand expansion, and new business profitability combined to drive the record. The board declared a Q1 dividend of ₩5,000 per share (₩102 billion total).
A US-Iran peace deal framework is advancing, with proposed terms including a freeze on Iran's nuclear enrichment, release of frozen Iranian assets, and reopening of the Strait of Hormuz to commercial shipping. Iran is expected to respond formally within 48 hours through Pakistan as mediator. Brent crude has fallen 14% from $126 to around $108, with WTI dropping below the $100 psychological level. Equity futures rallied broadly on the development.