European stocks traded mixed Thursday as investors digested a wave of corporate earnings reports across the continent. The German DAX fell 0.2% while the FTSE 100 slipped 0.1%, with only the French CAC 40 managing a modest 0.3% gain. The earnings season has shown European companies slightly outperforming expectations, with STOXX 600 firms tracking 2% year-on-year earnings per share growth compared to earlier forecasts of a 2% decline.

Nvidia delivered another earnings beat after U.S. markets closed, posting better-than-expected January quarter results and forecasting first-quarter sales of $78 billion, plus or minus 2%. This tops analyst estimates of $72.60 billion, though the stock saw limited after-hours gains as investors have grown accustomed to the chip giant's consistent revenue beats. The results underscore continued Big Tech spending on AI processors despite market saturation concerns.

Corporate earnings painted a mixed picture across Europe. Deutsche Telekom saw fourth-quarter adjusted net profit drop 9.2% due to currency headwinds, while Stellantis posted its first annual loss after taking €22.2 billion in charges related to EV strategy cuts. Allianz reported record operating profit but guided below expectations for 2026. Meanwhile, Schneider Electric crossed €40 billion in annual revenue for the first time, driven by triple-digit data center demand growth, setting a double-digit profit target for the coming year.