The Earnings Debate

ServiceTitan, Inc. reported its fiscal second quarter 2027 financial results. For the quarter, the company reported that Q2 total revenue of $292.8 million grew 21% year-over-year. Subscription revenue for the quarter was $212.4 million, growing 22% year-over-year, and usage revenue for the quarter grew 24% year-over-year to $72.1 million. The company reported that Q2 operating income of $44.4 mil...

Dell Technologies Inc. reported its fiscal year 2027 second quarter financial results, stating that total revenue was up 58 percent to 47 billion dollars. Gross margin dollars grew 78 percent to 9.9 billion dollars, with a gross margin rate of 21.1 percent. Non-GAAP operating income grew 160 percent to 5.9 billion dollars, representing 12.6 percent of revenue, and net income was up 189 percent to...

Medtronic plc reported first quarter fiscal year 2027 financial results, including "revenue of $9.8 billion" for the quarter, up "13.7% on both the reported and organic basis." This performance "benefited from the extra selling week, which we estimate contributed approximately $570 million or 670 basis points to total organic enterprise revenue growth." The company delivered first quarter "adjuste...

Management noted that "Q2 was an exceptional quarter", reporting that second quarter total revenue was $286.3 million, up 21% year-over-year, and non-GAAP operating income was $42.6 million, representing a 15% operating margin. Non-GAAP gross margin was 86.5%. For the second quarter, adjusted free cash flow was $9.8 million, representing a 3% margin, and the company ended the quarter with $1.3 bil...

Palo Alto Networks reported "total revenue grew 34% to $3.41 billion in the fourth quarter" of fiscal year 2026. For the full fiscal year 2026, "revenue reached $11.5 billion, up 24% year-over-year." Performance metrics for the fourth quarter included "Q4 non-GAAP EPS of $1.02" and "Q4 non-GAAP operating margin came in at 29.6%." For the fourth quarter, the company reported "adjusted free cash flo...

Financial Results For the second quarter of fiscal 2027, Snowflake reported product revenue of $1.49 billion, representing 37% year-over-year growth, which marks the company's third straight quarter of product revenue acceleration. Remaining performance obligations grew 30% year-over-year to reach $9 billion, with approximately 54% expected to be recognized as revenue in the next 12 months. The co...

Broadcom reported consolidated revenue of a record $29.6 billion for the third quarter of fiscal year 2026, representing an increase of 86% year-on-year. Gross margin for the quarter was 75% of revenue, which was down 210 basis points sequentially as AI semiconductor revenue was a greater proportion of the total revenue mix. Q3 operating income was a record $20.1 billion, representing an increase...

MongoDB reported strong financial results for the second quarter of fiscal year 2027. Michael Berry stated that "Total revenue in the second quarter was $771.8 million representing 30% year-over-year growth" compared to 24% growth in the year-ago period. Atlas revenue grew approximately 29% year-over-year, marking the sixth straight quarter of year-over-year dollar growth, adding a "record $127 mi...

Zscaler, Inc. reported financial results for the fourth quarter and full fiscal year 2026. For the fourth quarter, revenue was $898 million, representing an increase of 25 percent year-over-year and 6 percent sequentially. Non-GAAP operating income for the fourth quarter was $218 million, up 37 percent year-over-year, with a record non-GAAP operating margin of 24.3 percent and non-GAAP gross margi...

For the second quarter of 2026, interim Co-CEO and CFO Meghan Frank reported that "total net revenue decreased 4% or 5% in constant currency to $2.4 billion" for the quarter and "comparable sales decreased 10%" for the quarter. She stated "gross profit for the second quarter was $1.46 billion, or 60.5% of net revenue" and "operating income for the quarter was $454 million, or 18.8% of net revenue"...

Workday, Inc. reported its second quarter fiscal year 2027 results. Subscription revenue in Q2 was $2.471 billion, up 14%. Professional services revenue was $178 million, resulting in total revenue of $2.649 billion, growth of 13%. Non-GAAP operating income was $824 million for the quarter, representing a non-GAAP operating margin of 31.1%. Operating cash flow totaled $520 million in the quarter,...

For the second quarter of 2026, Dollar General reported that "Net sales for the quarter increased 5.2% to $11.3 billion" compared to net sales of "$10.7 billion in last year's second quarter". Management stated that "Same-store sales increased 3.5% during the quarter" which was driven by customer traffic growth of "2%" and average basket growth of "1.5%". "For Q2, gross profit as a percentage of s...

NVIDIA Corporation reported financial results for the second quarter of fiscal year 2027. Executive Vice President and Chief Financial Officer Colette Kress announced "record revenue, operating income and EPS". Total revenue for the second quarter was reported as "$96 billion," which "more than doubled year-over-year as growth accelerated for the fourth consecutive quarter". The Data Center segmen...

Salesforce delivered record second-quarter financial results. Q2 revenue came in at "$11.35 billion", which was up 11% year-over-year. Subscription and support revenue was "$10.82 billion", up 12% year-over-year in nominal and 11% in constant currency. Current remaining performance obligation ended the quarter at "$33.5 billion", up 14% in constant currency. The company achieved a Q2 non-GAAP oper...

Veeva Systems Inc. reported fiscal 2027 second quarter financial results, which delivered results ahead of guidance. For the quarter, management stated that "Total revenue in the quarter was $928 million, with non-GAAP operating income of $416 million." Management also highlighted that the quarter represented their best CRM quarter ever. In commercial subscriptions, revenue grew about 13 percent y...

CrowdStrike Holdings, Inc. reported total revenue of $1.47 billion for the fiscal second quarter of 2027, representing 26% growth year-over-year, with second quarter subscription revenue reaching $1.40 billion, up 27% year-over-year. The company delivered a record second quarter with net new ARR of $333 million, representing 51% growth year-over-year, which brought ending ARR to $5.84 billion at t...

Intuit Inc. reported solid financial results for the fourth quarter and full fiscal year 2026. For the fourth quarter, total company revenue was 4.4 billion dollars, representing an increase of 14 percent year-over-year. GAAP operating income for the quarter was 475 million dollars compared to 339 million dollars in the prior year period, and non-GAAP operating income was 1.4 billion dollars, up 4...

Zoom Communications, Inc. reported its second quarter fiscal year 2027 financial results, noting that "total revenue grew 4.9% year-over-year to $1.28 billion" or "4.7% in constant currency." The enterprise business led this expansion with "enterprise revenue growing 7.8% year-over-year," which represented 62% of Zoom's total revenue. Non-GAAP gross margin for the quarter was 79.1%, while non-GAAP...

XPeng Inc. reported total revenues of "RMB 19.74 billion for the second quarter of 2026", which represents "an increase of 8% year-over-year and an increase of 51.5% quarter-over-quarter". Revenues from vehicle sales were "RMB 17.05 billion for the second quarter of 2026", which was "an increase of 1% year-over-year and an increase of 55% quarter-over-quarter". Revenues from services and others re...

In the second quarter of 2026, PDD Holdings Inc. reported that total revenues increased 8% year-over-year to RMB 112.4 billion for the quarter. This growth was mainly driven by revenues from transaction services, which were RMB 54.7 billion for the quarter, up 13% from the same quarter last year. Revenues from online marketing services and others for the quarter were RMB 57.6 billion compared with...

The Home Depot, Inc. reported total sales of $47.9 billion for the second quarter, representing an increase of 5.7% from the same period last year. Total company comparable sales for the quarter increased 1.7% and comps in the United States increased 1.3%. Gross margin for the second quarter was 33.7%, and operating margin was 14.3% compared to 14.5% in the second quarter of 2025. Diluted earnings...

In the second quarter of 2026, Baidu, Inc. reported total revenue of RMB 31.3 billion, which represents a decrease of 2 percent quarter-over-quarter and a decrease of 4 percent year-over-year. Revenue from the Baidu General business was RMB 25.2 billion, which was a decrease of 3 percent quarter-over-quarter and 4 percent year-over-year. Operating income for the quarter was RMB 3.0 billion with an...

Nu Holdings Ltd. reported financial results for the second quarter of 2026, stating that "gross revenues reached nearly $5.9 billion, up 39% year-over-year" for the quarter. The company announced that "gross profit reached $2.4 billion during the quarter," representing a 43% year-over-year and 25% sequential increase. Additionally, "net income reached $1.1 billion for the first time in Nubank's hi...

For the third quarter of 2026, Deere & Company reported that "Net sales and revenues were up 5% to $12.608 billion, and net sales for the equipment operations were up 6% to $10.999 billion" for the third quarter. Net income attributable to Deere & Company for the quarter was "$1.379 billion" or "$5.10" per diluted share, while the equipment operations achieved a "14.4% operating margin" fo...

Brookfield Corporation reported that distributable earnings before realizations increased 15% year-over-year to $1.4 billion in the quarter and $5.7 billion for the last 12 months. Total distributable earnings, including realizations, were $1.5 billion or $0.66 per share for the quarter and $6.2 billion or $2.61 per share over the last 12 months. The asset management business generated distributab...