Microsoft, Tesla, Nike Among Major Firms Reporting Q1 Results

Global markets see mixed performance as tech, auto, and consumer brands navigate shifting demand and costs

Apr. 1, 2026 at 1:51pm

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Major companies across tech, automotive, consumer goods, and energy sectors reported their latest quarterly financial results, with Microsoft investing in Singapore's cloud and AI, Tesla seeing softening demand, Nike posting profit declines, and Boeing securing a defense contract. Elsewhere, Unilever announced a $65 billion merger with McCormick, while OpenAI raised $122 billion in funding ahead of a potential IPO.

Why it matters

These earnings reports and business developments provide insights into the state of the global economy, with technology, manufacturing, and consumer trends shaping the performance of some of the world's largest corporations. The mixed results highlight the challenges companies are facing, from softening demand to rising costs, as they navigate an uncertain macroeconomic environment.

The details

Microsoft announced a $5.5 billion investment in Singapore's cloud and AI infrastructure, while also partnering with Chevron and Engine No. 1 on a new data center project in Texas. Tesla's vehicle deliveries are forecast to decline 11.8% sequentially due to softening demand, while Nike reported a 35% year-over-year profit decline despite beating revenue expectations. Google unveiled a new screenless Fitbit band and a lower-cost video model, and Boeing secured a major defense contract. In other news, Unilever is merging its food business with McCormick in a $65 billion deal, and OpenAI raised $122 billion in funding ahead of a potential IPO.

  • Microsoft, Chevron, and Engine No. 1 signed an exclusivity deal to supply power for new AI data centers, including a proposed $7 billion natural-gas plant in West Texas.
  • Tesla's first-quarter vehicle deliveries are forecast to decline 11.8% sequentially.
  • Nike reported Q3 revenue of $11.28 billion, beating expectations, but posted a 35% YoY profit decline to $520 million.
  • Google announced the development of a screenless Fitbit band and launched Veo 3.1 Lite, reducing video model costs by 50%.
  • Boeing and the U.S. Defense Department signed a 7-year framework to triple production of Patriot Advanced Capability-3 missile seekers.

The players

Microsoft

A multinational technology corporation that develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and related services.

Chevron

An American multinational energy corporation that is one of the largest oil companies in the world.

Engine No. 1

An activist investment firm that focuses on sustainability and long-term value creation.

Tesla

An American electric vehicle and clean energy company that designs and manufactures electric cars, battery energy storage from home to grid-scale, solar panels, and related products.

Nike

An American multinational corporation that is engaged in the design, development, manufacturing, and worldwide marketing and sales of footwear, apparel, equipment, accessories, and services.

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What they’re saying

“We must continue to invest in sustainable energy solutions to power the future of computing.”

— Satya Nadella, CEO, Microsoft

“While we've seen some softening in demand, we remain committed to our long-term growth strategy and delivering innovative products to our customers.”

— Elon Musk, CEO, Tesla

“The global macroeconomic environment continues to present challenges, but we're focused on driving operational excellence and delivering value to our shareholders.”

— John Donahoe, CEO, Nike

What’s next

Investors will be closely watching for any further updates on the Microsoft-Chevron-Engine No. 1 data center project, as well as Tesla's efforts to address softening demand. Nike's performance in China will also be a key focus area going forward.

The takeaway

This earnings season highlights the complex and evolving landscape facing major corporations, from technology and energy to consumer goods. Companies are navigating a mix of softening demand, rising costs, and shifting market dynamics, underscoring the need for agility and strategic foresight to maintain competitiveness and profitability.