Stock Market News for October 14, 2026

At a glance

On October 14, 2026, ASML reported Q3 net sales of €11.7 billion and raised its Q4 and full-year outlook; GlobalFoundries was selected to operate two new New York fabs with up to $21 billion of Japan funding; IonQ priced a $2.0 billion equity offering; SentinelOne priced $1.25 billion of convertible notes.

Earnings and guidance

ASML Holding (ASML) reported third-quarter 2026 net sales of €11.7 billion, net income of €4,960 million and raised Q4 sales guidance to €14.2 billion–€15.2 billion and full-year sales to €44 billion–€45 billion.

Progressive (PGR) reported September 2026 net income of $630 million, a 107% monthly increase year over year; for the quarter ended Sept. 30, net income was $2,542 million, down 3% year over year.

Fastenal (FAST) reported third-quarter 2026 net sales of $2,463.3 million, net income of $401.6 million (up 19.7% year over year) and operating margin of 21.5%.

Morgan Stanley (MS) reported third-quarter 2026 financial results, which are available on its Investor Relations website and will be filed on Form 8-K on October 14, 2026.

Blackrock (BLK) reported third-quarter 2026 earnings, with financial results and supplemental materials posted on its investor relations website.

Deals and projects

GlobalFoundries (GFS) was selected to operate two new New York semiconductor fabs under a U.S.-Japan initiative with Japan providing up to $21 billion in funding and an initial ~$10 billion investment to accelerate the first Malta fab expected online in 2029.

Flex (FLEX) completed acquisition of EPC Power, adding grid-forming power conversion technology and more than 15 GW of deployed technology to its Cloud and Power Infrastructure segment.

Liberty Global (LBTYA) announced EU Commission clearance for the €669 million sale of VodafoneZiggo’s passive tower assets to DigitalBridge, TD Greystone Infrastructure and L&G, with closing expected by year-end.

Alpha Compute (ALP) signed a binding four-year GPU compute contract worth $81.7 million to lease its Missouri ALPHA-03 cluster (576 NVIDIA B300 GPUs) starting at delivery targeted in early Q1 2027.

Financings and offerings

IonQ (IONQ) priced a $2.0 billion equity offering including 20,500,000 common shares at $40.00 each, pre-funded warrants and seven-year warrants to purchase 100,000,000 additional shares at $69.46.

SentinelOne (S) priced $1.25 billion of 0.00% convertible senior notes due 2031, with settlement expected October 16, 2026 and initial purchasers holding an option for up to $187.5 million more.

Verastem (VSTM) priced an underwritten offering expected to generate approximately $250 million in gross proceeds from 30,937,500 common shares at $8.00 per share and pre-funded warrants.

Drug trials and collaborations

Verastem (VSTM) reported VS-7375 activity in KRAS G12D-mutant cancers, including a 50% confirmed objective response rate in second-line pancreatic ductal adenocarcinoma (4 of 8 patients) and two complete responses (one confirmed).

Vir Biotechnology (VIR) entered a multi-program collaboration and license agreement with Gilead Sciences with $90 million upfront consideration ($65 million cash and $25 million equity) to discover PRO-XTEN dual-masked T-cell engagers for solid tumors.

Ocugen (OCGN) executed a license agreement granting Roots Pharmaceutical exclusive rights in the Middle East and North Africa to OCU400 for retinitis pigmentosa, with potential upfront and development milestones totaling up to $4 million and sales milestones up to $255 million plus 22% royalties.

Leadership and corporate moves

Verastem (VSTM) appointed Michael P. Bailey as President and Chief Executive Officer effective January 1, 2027, with Daniel Paterson retiring from those roles and remaining as a director and advisor.

Liberty Global (LBTYA) announced that Rocío Lorenzo will become Telenet CEO on November 2, 2026, succeeding John Porter, who will remain an advisor through year-end.