Earnings
SailPoint (SAIL) shares fell sharply after the identity security company delivered a mixed fiscal first-quarter report that included softer earnings guidance and signs of slowing annual recurring revenue growth despite continued SaaS momentum.
Earnings
United Natural Foods (UNFI) shares fell sharply after the grocery distributor reported quarterly revenue below Wall Street expectations and issued fiscal 2026 guidance that came in slightly under consensus forecasts despite improving profitability and margins.
Earnings
DocuSign beat first-quarter earnings expectations and showed continued adoption of its AI-native IAM platform, but cautious guidance and weak billings growth kept pressure on the stock.
Earnings
Lululemon lowered its full-year revenue and earnings outlook after weak product launches, negative brand commentary, and slowing North America demand pressured sales. Shares fell sharply as investors weighed margin pressure and declining U.S. trends.
Innovation & Tech
Broadcom (AVGO) topped quarterly revenue and earnings estimates as AI semiconductor sales surged 143%, but weaker-than-expected AI guidance and margin concerns triggered a sharp selloff in semiconductor stocks.
Innovation & Tech
Ciena reported record quarterly revenue and sharply higher earnings as AI-related network demand accelerated across cloud and service provider markets. Despite raised guidance and backlog growth, the stock fell as elevated expectations and higher expense guidance pressured sentiment.
Innovation & Tech
CrowdStrike raised its fiscal 2027 outlook as revenue, recurring sales, and AI security demand continued to grow. Shares fell after earnings as investors weighed elevated expectations following a sharp rally.
Innovation & Tech
Palo Alto Networks raised guidance after reporting strong AI-driven cybersecurity demand, platform growth, and accelerating hardware sales tied to AI infrastructure. Shares pulled back as investors weighed margins and elevated expectations.
Earnings
Ulta Beauty reported stronger-than-expected quarterly results as comparable sales growth, higher average spending, and margin expansion helped drive double-digit earnings growth despite ongoing macroeconomic uncertainty.
Earnings
Shake Shack (SHAK) shares fell sharply after the burger chain lowered its second-quarter and full-year 2026 guidance, citing macroeconomic uncertainty, rising competition, and continued pressure from elevated input costs.
Innovation & Tech
Hewlett Packard Enterprise delivered record revenue and earnings as AI infrastructure demand accelerated, prompting major guidance increases and pushing the company roughly two years ahead of its long-term financial targets.
Earnings
Dell Technologies posted record-breaking results as AI server demand accelerated sharply, driving revenue, earnings, and guidance far above Wall Street expectations.