Q3 2026 Earnings Wave — Energy & Consumer Giants Beat
Shell, TotalEnergies, Adidas, Carlsberg, and Lloyds all reported Q3 results, with energy majors and Adidas delivering notable beats on earnings and margins driven by fuel prices and a tariff refund.
What we know
A flood of Q3 2026 earnings hit the tape. Energy: An account on X reports Shell beat on EPS ($1.93 vs $1.79 est) and massively exceeded cash flow from operations ($21.04B vs $16.13B est). TotalEnergies also beat across the board, with adj net of $9.10B. Another account on X had flagged TotalEnergies could post ~$8.9B in profits — nearly double last year. Consumer: Another account on X highlights Adidas' massive beat — EPS €4.06 vs €2.82 est — though a tariff refund boosted margins. Carlsberg slightly beat revenue estimates. Banking: Lloyds came in roughly in-line. Glencore released copper and zinc production figures.
How the story developed
Shell, TotalEnergies, Adidas, Carlsberg, and Lloyds all reported Q3 results, with energy majors and Adidas delivering notable beats on earnings and margins driven by fuel prices and a tariff refund.
Shell and TotalEnergies both beat Q3 estimates, with Shell announcing a $5B buyback — well above its prior $3B guidance. Lloyds also beat, while Samsung missed on revenue and net profit despite massive YoY growth.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.