Earnings Triple Plays Piling Up in Q1 2026
Earnings triple plays are showing up at a strong clip this earnings season, with 66 occurrences since mid-April, more than double the pace at the same point last year. The backdrop has been supportive, with the market rewarding triple plays with bigger share-price jumps than usual.
An earnings triple play is a stock that reports earnings and manages to 1) beat analyst EPS estimates, 2) beat analyst sales estimates, and 3) raise forward guidance. You can read more about “triple plays” at Investopedia.com where they’ve given Bespoke credit for popularizing the term.
This week is the last week of heavy earnings for the Q1 2026 season. On a rolling 3-month basis, 70.6% of companies have beaten EPS estimates, while 73.3% of companies have beaten revenue estimates. The last component of the earnings triple play is guidance. Over the last three months, 11% of companies have raised guidance versus 7% that have lowered.
Since the banks began reporting in mid-April, we’ve seen 66 triple plays. At this point last year, there were 30 triple plays, marking a 120% increase year-over-year. At this time a quarter ago, measuring by calendar days from the Monday of the first week of earnings season, there were 16 triple plays.
The average one-day move for all triple plays this season has been a gain of 8.6% versus a five-year average of just over 5%.
Below is a look at the 30 earnings triple plays this season that saw the largest gains on their earnings reaction days. MaxLinear (MXL) tops the list so far with a one-day gain of 76.1% on April 24th. Including MaxLinear, 24 stocks of the 66 triple plays have risen 10% or more in reaction to their earnings reports.
There have also been several big-name stocks reporting triple plays this quarter. Although NVIDIA (NVDA) has not yet reported, three companies in the trillion-dollar club have reported triple plays: Apple (AAPL), Amazon (AMZN), and Taiwan Semiconductor (TSM).
With hundreds more companies still set to report this week, and heavyweights like Walmart (WMT) and NVIDIA (NVDA) still to come after that, there is still plenty of time to run up the triple play score.
We highlight a running list of earnings triple plays daily for subscribers. We also publish more in-depth write-ups on interesting triple plays regularly during earnings season. To gain access to Bespoke’s triple play reports, start a trial to Bespoke Premium or Bespoke All Access today!
Past performance is no guarantee of future results. This is not a recommendation to buy or sell any specific securities. Bespoke representatives or clients may have positions in securities discussed or mentioned in its published content.
The Closer – Modeled Effects, Parcel Paradigm Shift – 5/4/26
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- The Federal Reserve’s primary macroeconomic model (FRB/US) can be used to estimate impacts to macroeconomic data dependent on various moves in crude prices.
- The announcement that Amazon (AMZN) will expand its supply chain to businesses who are not sellers on its e-commerce platform caused a historic decline in transportation stocks.
- Speculator positioning in Nasdaq 100 futures reached the first net short reading since July 2024.
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Daily Sector Snapshot — 5/4/26
Bespoke Market Calendar — May 2026
Please click the image below to view our May 2026 market calendar. This calendar includes the S&P 500’s historical average percentage change and average intraday chart pattern for each trading day during the upcoming month. It also includes market holidays and options expiration dates plus the dates of key economic indicator releases.Click here to view Bespoke’s premium membership options.
Which Way Will Yields Break
Along with oil prices resuming their upward climb in the last couple of weeks, we’ve also seen a similar resumption of the uptick in interest rates, as investors price in a combination of higher inflation and larger deficits from any potential escalation of hostilities in the Middle East. At a yield of 4.45%, the 10-year US Treasury is on pace for the highest close since last July and not far from the 4.48% high in late March.
While yields push towards multi-month highs, the last three years have been much more range-bound. Over this period, yields bottomed out just below 3.25% in April 2023 and peaked out just under 5.02% six months ago. Since then, the yield has remained contained in that range with a series of lower highs and higher lows. After bouncing off the low end of that narrowing range in late February, yields are now pushing towards the upper end of that narrowing range as global markets brace for whichever way yields ultimately decide to break.
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Chart of the Day: One for the TEAM
Bespoke’s Morning Lineup – 5/4/26 – Moody Market
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“Nothing is impossible, the word itself says ‘I’m possible’!” – Audrey Hepburn
Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.
16-year-old, meet market. If you think the life of a 16-year-old is an emotional roller-coaster where ‘life isn’t fair’ turns into ‘top of the world’ on a dime, the market has been doing a stellar impression lately. From the end of February right through all of March, the S&P 500 declined for five straight weeks. Once March ended, though, the pendulum swung completely in the opposite direction with five straight weeks of gains. There hasn’t been any in between.
It has been very uncommon for the S&P 500 to experience at least five weekly declines followed by at least five weekly gains. Since WWII, there have been 32 other losing streaks of at least five weeks, and there have been 120 streaks of at least five-week gains. However, there have only been five other periods when a five-week winning streak came immediately after a streak of at least five weeks of losses. The last one was way back in 1982, so the teenagers out there (and maybe even their parents) won’t remember that one.
Last week also saw a notable shift in a pattern that has been prevalent ever since the war started. For the last nine weeks, it seemed as though whatever was good for oil prices and the energy sector was bad for all other stocks and vice versa. Last week, though, Energy was the top-performing sector, gaining 3.48%, but the only other stocks to finish the week lower were Materials (-1.10%) and Consumer Discretionary (-0.05%). In fact, four other sectors rallied more than 1%, including Technology (1.03%) and Communication Services (1.02%). The market won’t be able to ignore rising energy prices in perpetuity, but it is a welcome respite.
It’s been a volatile morning for equity futures as conflicting headlines from the Middle East caused a sharp pullback in futures earlier this morning. Reports that Iran fired on a US ship erased earlier gains in equities and a sharp increase in oil prices. US officials have refuted the reports, though, and we’ve reclaimed a decent amount of the earlier losses, and the S&P 500 is now just down 0.2% while the Nasdaq is flat.
In Asia, Japan and China were closed for a holiday, but South Korea surged over 5% while Hong Kong rallied 1.2%. Manufacturing PMIs for both South Korea and Singapore both expanded more than expected.
European stocks returned from last Friday’s holiday with losses. The STOXX 600 is down over 0.5%, led lower by Spain, which is down over 1% while France and Italy are both underperforming. Like Asia, Manufacturing PMIs for countries in the region have generally been stronger than expected.
Looking ahead to the US today, the only economic report on the calendar is Factory Orders at 10 AM. NY Fed President Williams will be speaking at the Yale Club just before 1 PM, and after the bell, Palantir (PLTR) will report Q1 earnings.
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Brunch Reads – 5/3/26
Welcome to Bespoke Brunch Reads — a linkfest of some of our favorite articles over the past week. The links are mostly market-related, but there are some other interesting subjects covered as well. We hope you enjoy the food for thought as a supplement to the research we provide you during the week.
In Flanders Fields: On May 3, 1915, during the Second Battle of Ypres in Belgium, Canadian physician and officer John McCrae wrote the poem In Flanders Fields after the death of his friend, Lieutenant Alexis Helmer, who was killed by an artillery shell. McCrae had conducted the burial himself the day prior, as no chaplain was available, and the experience prompted him to write the poem the following morning. The imagery of poppies growing among the graves was drawn directly from the battlefield, where the flowers commonly grew in disturbed soil. The poem was later published in Punch magazine in December 1915 and went on to become one of the most widely recognized works of World War I, helping establish the poppy as a lasting symbol of remembrance for fallen soldiers.
AI & Technology
KitKat’s newest product is . . . a Faraday cage? (Fast Company)
KitKat tested a phone-blocking pouch that looks like its wrapper but acts like a Faraday cage, cutting off calls, internet, and everything else to turn “take a break” into something literal. It’s less about selling a real product for now and more about tapping into the growing demand to unplug, as brands look for ways to turn digital burnout into a marketing angle. [Link]
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Daily Sector Snapshot — 5/1/26
The Bespoke Report – 5/1/26 – Global Macro Update
To read our weekly Bespoke Report newsletter and access everything else Bespoke’s research platform offers, start a two-week trial to Bespoke Premium. This week, we are sending out our Global Macro Update deck instead of our traditional Bespoke Report. This report is filled with dozens of charts reviewing the current state of the global economy and where it’s headed next. Our two biggest areas of focus are the AI boom and the war in Iran. We discuss a range of trade ideas based on those two themes as well as the outlook for the global economy writ large and the Federal Reserve going forward. Give it a read!
