Earnings - Market Brief (Page 4)

Nvidia AI growth outlook signals strong data center demand through fiscal 2028

Earnings

Nvidia’s 70% Growth Outlook Extends the AI Boom as Supply Struggles to Keep Up

Nvidia’s fiscal Q2 revenue more than doubled as Data Center sales reached a record $89 billion. A roughly 70% fiscal 2028 growth outlook and supply constraints reinforced the scale of AI demand, sending Nvidia shares sharply higher.

Best Buy reports stronger Q2 results but BBY stock falls as investors look to the second

Earnings

Best Buy’s Strong Quarter Runs Into Second-Half Growth Concerns

Best Buy topped second-quarter expectations and raised its fiscal 2027 outlook, but BBY stock fell nearly 5% as investors weighed slowing computing momentum, higher memory costs and tougher comparisons against improving sales and margins.

Earnings

Record Bookings Signal New Momentum for Okta as AI Agents Expand Identity Demand

Okta shares surged after stronger bookings, rising subscription backlog and higher guidance reinforced demand for identity security. New products represented about 30% of Q2 bookings as AI-agent security opened broader customer conversations.

Salesforce AI growth and stronger bookings lift CRM stock after fiscal Q2 results

Earnings

AI Growth and Strong Bookings Lift Salesforce as Software Demand Reaccelerates

Salesforce shares surged after stronger bookings, accelerating AI revenue and higher fiscal 2027 guidance eased concerns about AI disruption. Agentforce and Data 360 ARR reached nearly $3.9 billion as cRPO growth accelerated to 14%.

CrowdStrike record ARR and AI security demand drive stronger fiscal 2027 outlook

Earnings

AI Security Demand Drives CrowdStrike Growth as Record ARR Lifts Outlook

CrowdStrike delivered record net new annual recurring revenue as demand strengthened across its cybersecurity platform, prompting a higher fiscal 2027 outlook and a sharp rally in CRWD stock.

Intuit growth outlook slows as TurboTax pricing and customer acquisition strategy reset

Earnings

TurboTax Pricing Reset Weighs on Intuit as Fiscal 2027 Growth Slows

Intuit delivered stronger-than-expected quarterly results, but weaker fiscal 2027 growth guidance and plans to compete more aggressively on price pressured the stock as the company works to rebuild customer acquisition across TurboTax and QuickBooks.

Earnings

Soft Q3 Outlook Weighs on Zoom as Enterprise and AI Momentum Build

Zoom Communications beat second-quarter expectations and raised its full-year outlook, but softer third-quarter guidance sent shares lower as investors weighed stronger Enterprise and AI adoption against sluggish Online growth and margin pressure.

Abercrombie & Fitch sales and full-price momentum drive stronger fiscal 2026 outlook

Earnings

Abercrombie’s Full-Price Momentum Drives Raised Outlook as Shares Surge

Abercrombie & Fitch delivered record second-quarter sales and raised its full-year outlook. Tariff refunds boosted reported profit, but stronger margins, full-price selling and growth across brands and regions showed strength beyond the one-time benefit.

Kura Oncology CEO buying draws attention as KOMZIFTI sales and prescriptions grow

Business Trends

CEO Buying Puts Kura Oncology in Focus as KOMZIFTI Sales Gain Momentum

Kura Oncology CEO Troy Wilson has purchased roughly $2.4 million of KURA shares in two weeks as the company's newly launched leukemia treatment KOMZIFTI posts strong sequential growth in revenue, patient starts and prescriptions.

Earnings

Foot Locker Weakness and Margin Pressure Force a Major Reset at Dick’s Sporting Goods

Dick’s Sporting Goods cut its full-year outlook after Foot Locker sales weakened and promotional pressure intensified across athletic footwear and apparel, sending DKS shares sharply lower despite continued comparable-sales growth at the core Dick’s business.

E-commerce packages moving through a warehouse and logistics network

Earnings

PDD Revenue Grows 8% as Investment Spending Pressures Profits

PDD Holdings delivered 8% second-quarter revenue growth and better-than-expected adjusted earnings, but higher spending on merchants, R&D, logistics and platform governance pressured profitability as global regulatory changes added new challenges.

Oracle expands AI cloud infrastructure as its contracted backlog reaches $638 billion

Innovation & Tech

Oracle’s $638 Billion AI Backlog Signals Massive Growth — and a Massive Financing Test

Oracle’s cloud infrastructure revenue surged 77% in fiscal 2026 as AI demand pushed its backlog to $638 billion. But $55.6 billion in capital spending and deeply negative free cash flow have turned ORCL into a test of whether AI infrastructure growth can justify the cost of building it.