Nasdaq (NDAQ) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $1.04
- Estimate
- $1.02
- Surprise
- +2.3%
- Revenue (period 2026-09-30)
- $2.39B
- Score at report (before → after)
- 5.5 → 5.8/10
Revenue source: xbrl.
How the report landed
Nasdaq (NDAQ) beat the $1.02 estimate with adjusted EPS of $1.04 — a modest 2.3% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.5/10) to Hold at 5.8/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates NDAQ Hold at 5.7/10.
4 of the last 4 quarters beat the estimate; this quarter's +2.3% surprise compares with a +4.7% four-quarter average.
What supports the rating
- V7 quality resilience bonus: +0.2 (Q=7.4 in RISK_OFF)
- Sector modifier (Financial Services): +1.0
What argues against it
- Concentration risk — Product: Nasdaq-100 core indices (73.0%)
- Analyst target reached - limited upside remaining
- Near 52-week high (0.1% away)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $103.30
- Stop
- $98.78
The stock trades at 28.2× trailing but 21.9× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: RSI 83 — a level conventionally read as overbought; gains at these levels often lean on momentum; trading volume is running 2.3× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-10-23 — shown for context, not personalized investment advice.
NDAQ at TrendMatrix's latest read
For financials, the EPS print is only half the story: credit costs, reserve builds, and rate sensitivity decide how a quarter actually lands.
- Industry
- Financial Data & Stock Exchanges
- Market cap
- $57.74B
- P/E (fwd)
- 21.9
- P/E (ttm)
- 28.2
- 52-week range
- $76.55–$103.39
- Off 52-week high
- 0.1%
- RSI (14)
- 83
- Volume vs avg
- 2.26×
- Score today
- 5.7/10