Stock Markets January 22, 2026

Market Recap: Intel's Guidance Miss, Alcoa and Intuitive Surgical Exceed Expectations, Spotify Upgraded

Mixed earnings and guidance from key companies shift after-hours trading landscape

By Caleb Monroe INTC AA ISRG COF CSX
Market Recap: Intel's Guidance Miss, Alcoa and Intuitive Surgical Exceed Expectations, Spotify Upgraded
INTC AA ISRG COF CSX

After-hours trading saw notable moves among major companies, including a 6% drop for Intel following disappointing quarterly guidance, a 4% gain for Alcoa on stronger-than-expected earnings, and a 2% rise for Intuitive Surgical after reporting solid quarterly results. Capital One Financial's shares declined 4% driven by weaker earnings and its acquisition announcement, while Spotify's stock gained 2% after receiving an upgrade from Goldman Sachs.

Key Points

  • Intel's quarterly guidance failed to meet expectations, leading to a 6% drop in after-hours trading, despite management's commitment to increasing supply.
  • Alcoa surpassed earnings forecasts with adjusted net income of $335 million, boosting its shares by 4%.
  • Intuitive Surgical reported Q4 EPS and revenue above analyst estimates, resulting in a 2% stock price increase.
  • Capital One Financial's quarterly earnings fell below estimates and announced acquisition plans, causing a 4% share decline, affecting the financial sector momentum, especially given the M&A activity within the space.]

In after-hours trading, Intel Corporation (INTC) shares declined sharply by 6% after the company issued quarterly guidance falling short of analyst expectations. Despite this, the CEO emphasized ongoing efforts to robustly expand supply capabilities in response to strong customer demand.

Alcoa Corporation (AA) saw its stock increase by 4% following the release of quarterly results that surpassed market projections. The company reported adjusted net income of $335 million, translating to $1.26 per common share, outperforming estimates.

Intuitive Surgical, Inc. (ISRG) experienced a share price uptick of 2% after delivering final quarter earnings for 2025 that exceeded analyst forecasts. The company announced fourth-quarter earnings per share (EPS) of $2.53, exceeding the consensus estimate by $0.27, along with revenues reaching $2.87 billion compared to an anticipated $2.75 billion.

Conversely, Capital One Financial Corporation (COF) shares dropped 4% after reporting quarterly earnings below analyst predictions, with EPS at $3.86 versus $4.17 expected. Additionally, the company disclosed a strategic acquisition to purchase Brex for $5.15 billion.

CSX Corporation (CSX) shares advanced 6% post-release of fourth-quarter earnings that met expectations. Revenue for the period was $3.51 billion, reflecting a 1% decline year-over-year. This decrease was attributed to lower merchandise volumes and diminished export coal revenue, offset partly by increased pricing in merchandise and intermodal segments, growth in intermodal volumes, and higher fuel surcharge income.

Spotify Technology S.A. (SPOT) shares rose 2% following an upgrade to 'buy' from Goldman Sachs, which influenced investor sentiment positively.

Risks

  • Intel faces challenges from guidance shortfalls which may signal supply chain or operational constraints impacting the technology sector.
  • Capital One Financial's earnings miss combined with its significant acquisition deal introduces integration and financial execution risks for the banking industry.
  • CSX's revenue decline due to volume drops and export coal revenue reduction exposes vulnerability in transportation and commodity-linked segments.

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