Earnings to Watch – Week of 30 March 2026

China's largest lithium compounds producer and the world's largest lithium metals producer by capacity, Ganfeng is still primarily a lithium name – but investors increasingly want to know whether it deserves a technology premium as well. Industry reporting in February said the company had begun mass production of a semi-solid-state battery with reported energy density of up to 650 Wh/kg, while chairman Li Liangbin said he expects 2026 lithium demand growth of 30–40% and prices of 150,000–200,000 yuan per ton.

The question is whether that optimism holds against a lithium market that remains fragile. Investors will focus on realised pricing, cost discipline as volumes ramp, capital allocation, and whether the battery narrative is starting to show up in the numbers – or whether the stock still trades mostly as a lithium-price proxy.

One of China's "Big Four" state banks, Agricultural Bank of China matters less as a single-company story than as a read-through on the broader health of the Chinese financial system. The backdrop is familiar: margin pressure, lingering property stress, and policy-driven lending priorities that can support volumes while weighing on profitability. In H1 2025, net interest margin fell to 1.32%, down 13 basis points year on year. The non-performing loan ratio stood at 1.28%, while allowance coverage remained high at 295%.

This print will be watched for signs that lower deposit costs are finally helping stabilise spreads. Key watch points are loan growth by segment, any deterioration tied to property or local government financing vehicles, and whether management sounds more confident on net interest margin for 2026.

Telkom is the main non-China diversifier on Monday: Indonesia's incumbent telecoms group, with a large mobile and fixed-line base, trying to push more of the story toward digital infrastructure, enterprise services and broader digital platforms. Management frames the business around three pillars – digital connectivity, digital platforms and digital services – which makes the print a useful test of whether the strategic pivot is becoming financially meaningful.

The question is whether those adjacencies are scaling fast enough to matter, or whether the core connectivity business is still doing almost all of the heavy lifting. Investors should watch mobile ARPU, broadband trends, enterprise and data-centre momentum, and whether free cash flow can support both capex intensity and shareholder returns.

Roughly seventeen months into CEO Elliott Hill's "Win Now" turnaround, Nike is still trying to prove that operational repair can outrun tariff pressure and weak demand in China. The last reported quarter showed some early signs of improvement in the channel mix: wholesale revenue rose 8% year on year, while Greater China revenue fell 16%. The other major overhang is tariffs: Nike has previously said they could add roughly $1.5 billion in annualised gross costs.

This quarter matters because it goes directly to the credibility of the turnaround. Investors will be asking how much tariffs are weighing on gross margin, whether wholesale momentum is real rather than a base-effect bounce, and whether Greater China is stabilising or still deteriorating under pressure from local competitors.

Conagra is a useful read-through on both the US consumer and food pricing power. Management has reaffirmed fiscal 2026 adjusted EPS guidance of $1.70 to $1.85, but the company has also said tariffs could add more than $200 million annually to cost of goods sold. That leaves the group trying to protect margins without pushing value-conscious consumers too far.

The key debate is straightforward: can Conagra offset inflation and tariffs with targeted pricing, sourcing changes and productivity, or does volume take the hit? Investors should focus on price versus volume, category-level elasticity, and whether management sounds more or less confident on full-year margins.

Groupe Dynamite has been one of the stronger recent North American apparel stories. The company came public in late 2024, reported fiscal 2024 revenue growth of 19.7%, and then followed with unusually strong trading updates in fiscal 2025: comparable store sales growth reached 31.6% in Q3, and the first nine weeks of Q4 showed comp growth of 30.8%. Management has also been investing behind expansion, including a US distribution centre and new international openings.

That makes this print less about whether the business has momentum – it clearly does – and more about how durable that momentum is. Investors will want to see whether strong comps are still translating into clean margin expansion, whether international and US growth are scaling sensibly, and how much of the story depends on full-price selling versus markdown support.

ICON is not a normal earnings setup for this week, but it remains worth watching. In February, the company said it intends to release fourth-quarter and full-year 2025 results on or prior to 30 April 2026 while an Audit Committee investigation into certain accounting practices and controls continues. The company said preliminary findings indicated revenue for 2023 and 2024 may each have been overstated by less than 2%, with 2025 still under review.

The market's real question is not just the size of any eventual restatement. It is whether the issue remains contained to accounting and internal controls, or whether it starts to affect client trust, bookings, or the company's standing in a business where operational credibility matters.