Sempra drops after Q1 2026 revenue miss and updated GAAP EPS guidance
SRE•Sempra reported Q1 2026 results today, including GAAP EPS of $1.58 and adjusted EPS of $1.51 on revenue of $3.66B. The company updated its 2026 GAAP EPS guidance range to $4.87–$5.37 while affirming its 2026 adjusted EPS guidance of $4.80–$5.30 and 2027 EPS guidance of $5.10–$5.70.
1) What happened today
On May 7, 2026, Sempra released first-quarter 2026 earnings before the U.S. market opened, posting GAAP earnings of $1.58 per diluted share and adjusted EPS of $1.51. Revenue came in at $3.66 billion, which was below widely cited Street expectations near $4.1 billion, creating a clear same-day catalyst for the stock’s move. (sempra.com)
2) Guidance update and why it matters
Alongside the quarterly report, Sempra updated its full-year 2026 GAAP EPS guidance range to $4.87 to $5.37, while affirming its full-year 2026 adjusted EPS guidance range of $4.80 to $5.30 and affirming its 2027 EPS guidance range of $5.10 to $5.70. The combination of a top-line miss and a guidance update is a concrete, time-stamped, same-day driver that can explain downside price action even if EPS is roughly in line to slightly ahead of consensus. (marketscreener.com)
3) Market reaction framing
Same-day write-ups characterized the release as an EPS beat/near-beat but with a meaningful revenue shortfall, which can pressure a regulated utility/infrastructure name when investors are focused on growth visibility and the quality of earnings. In short, today’s earnings release and accompanying outlook language provide the cleanest breaking-news explanation for SRE’s decline. (chartmill.com)
