Daily Earnings Reports
📊 STOCKINSIGHT™ EARNINGS RECAP — AUGUST 26, 2026
☀️ PREMARKET EARNINGS
August 26 delivered a strong but highly selective premarket earnings session. Several companies beat both revenue and EPS expectations, but the market continued to punish companies where the forward outlook failed to match elevated expectations.
The most important themes were consumer resilience, tariff-related earnings distortion, infrastructure growth and continued semiconductor strength.
👕 ABERCROMBIE & FITCH — ANF
🟢 STRONG BEAT
💵 EPS: $4.17
💰 Revenue: ~$1.30B
📈 Revenue Growth: +5% YoY
📊 Comparable Sales: Flat
🔮 Outlook: Raised
Abercrombie delivered record second-quarter sales and its 15th consecutive quarter of growth. Both Abercrombie and Hollister posted record Q2 sales, with the Abercrombie brands growing 8%.
The earnings beat was substantial, with EPS of $4.17 versus approximately $1.99 expected.
⚠️ Earnings Quality
Approximately $100M of IEEPA tariff refunds reduced cost of sales and materially boosted operating income.
That means investors should not extrapolate the entire EPS jump as recurring earnings growth.
🎯 StockInsight™ Verdict
🟢 BULLISH
Strong underlying brand momentum, but tariff benefits need to be stripped out when assessing normalized earnings.
📡 DYCOM INDUSTRIES — DY
🟢 EXCEPTIONAL GROWTH
💵 EPS: $5.29
💰 Revenue: $2.01B
📈 Revenue Growth: +45.6% YoY
🔮 Full-Year Outlook: Raised
Dycom produced one of the strongest growth reports of the morning.
Revenue growth above 45% demonstrates exceptional demand across telecom and infrastructure-related projects.
EPS of $5.29 also substantially exceeded the approximately $4.72 consensus estimate.
🎯 StockInsight™ Verdict
🟢 VERY BULLISH
DY remains one of the clearest beneficiaries of continued spending on:
📡 Telecom infrastructure
🏗️ Network construction
☁️ Data infrastructure
⚡ AI-related connectivity
🛒 KOHL’S — KSS
🟡 MIXED / TURNAROUND
💵 EPS: $1.28
💰 Revenue: ~$3.52B
📊 Comparable Sales: -0.9%
💰 Tariff Refund: ~$150M
🔮 FY EPS Outlook: Raised
Kohl’s delivered a major EPS beat, with $1.28 versus approximately $0.55 expected.
However, comparable sales remained negative.
The major positive was profitability. A $150M tariff refund helped margins and contributed to the improved full-year earnings outlook.
⚠️ What Investors Are Watching
The improvement in profitability is encouraging, but the underlying retail business still needs to demonstrate sustainable sales growth.
🎯 StockInsight™ Verdict
🟡 MIXED / TURNAROUND
☕ J.M. SMUCKER — SJM
🟢 STRONG BEAT
💵 EPS: $3.24
💰 Revenue: $2.22B
📈 EPS Growth: ~46%
💰 Revenue Growth: ~4%
🔮 FY Outlook: Raised
Smucker significantly exceeded expectations.
EPS of $3.24 beat the approximately $2.22 consensus, while revenue of $2.22B also topped expectations.
Management subsequently raised its FY2027 outlook:
Adjusted EPS: $10.50–$11.00
Previous: $9.75–$10.25
The company also increased its free-cash-flow outlook to approximately $1.1B.
⚠️ Important
Tariff-related benefits also contributed to the unusually strong earnings figure.
🎯 StockInsight™ Verdict
🟢 BULLISH
One of the cleaner consumer-staples reports, particularly because of the stronger cash-flow outlook.
🖥️ PHOTRONICS — PLAB
🟢 BULLISH
💵 EPS: ~$0.50
💰 Revenue: $216.05M
📈 Revenue Growth: Positive
📊 EPS Beat: Significant
Photronics exceeded expectations, reporting approximately $0.50 EPS versus $0.40 expected and revenue of approximately $216M versus $208.75M expected.
The company remains an important semiconductor-industry read-through because its photomasks are essential to chip manufacturing.
🎯 StockInsight™ Verdict
🟢 BULLISH
Particularly interesting given the timing ahead of Nvidia’s earnings.
🛁 BATH & BODY WORKS — BBWI
🟡 MIXED
💵 EPS: $0.62
💰 Revenue: $1.51B
📊 EPS Estimate: $0.21
📊 Revenue Estimate: $1.49B
🔮 Outlook: Raised
BBWI produced a huge EPS beat, with $0.62 versus $0.21 expected. Revenue also exceeded expectations.
But the quality of that beat deserves scrutiny.
The company benefited from a significant tariff refund, while underlying store demand remained considerably weaker.
🎯 StockInsight™ Verdict
🟡 MIXED
Excellent headline earnings.
Less impressive underlying demand.
🚗 LI AUTO — LI
🔴 WEAK
💵 EPS: Loss
💰 Revenue: Down ~15% YoY
🚗 Deliveries: Down ~11%
🔮 Q3 Deliveries: +1.9% to +7.3% expected
Li Auto reported a $253M Q2 loss, while revenue declined approximately 15% and deliveries fell about 11%.
The company expects deliveries to return to year-over-year growth in Q3, but the recovery remains relatively modest.
🎯 StockInsight™ Verdict
🔴 BEARISH
The Chinese EV market remains highly competitive, and Li Auto needs a stronger recovery in deliveries before the fundamental picture improves materially.
🌙 AFTER-CLOSE EARNINGS
The after-close session became one of the most important earnings nights of the quarter.
Nvidia dominated the headlines, but Salesforce and CrowdStrike also delivered major technology-sector results.
🤖 NVIDIA — NVDA
🟢 MAJOR BEAT + RAISE
💵 Adjusted EPS: $2.22
💰 Revenue: $96.2B
📈 Revenue Growth: +106% YoY
🖥️ Data Center Revenue: $89B
📈 Data Center Growth: +117% YoY
🔮 Q3 Revenue Guidance: ~$108B
Nvidia beat Wall Street expectations across the board.
Revenue reached $96.2B, above the roughly $92B consensus, while adjusted EPS came in at $2.22 versus approximately $2.09 expected.
But the most important number may have been data center.
🚀 DATA CENTER
Nvidia generated approximately:
$89 BILLION
in quarterly data-center revenue.
That was up an extraordinary 117% year over year.
🔮 NEXT QUARTER
Nvidia guided to approximately:
$108 BILLION REVENUE
for fiscal Q3.
That is another enormous number and represents approximately 89% YoY growth.
⚠️ The Margin Problem
The major concern is profitability.
Nvidia expects gross margins to move lower as memory and other input costs rise, with margins potentially reaching approximately 71–72% in Q4 before stabilizing.
🤝 AWS DEAL
Nvidia also announced a major relationship with Amazon Web Services involving the deployment of 2 million Nvidia GPUs.
🎯 StockInsight™ Verdict
🟢 EXCEPTIONALLY BULLISH
This wasn’t merely a beat.
It was another demonstration that AI infrastructure demand remains enormous.
The key question now shifts from:
“Is AI spending real?”
to:
“How long can this growth rate continue?”
☁️ SALESFORCE — CRM
🟢 STRONG BEAT
💰 Revenue: ~$11.35B
📈 Revenue Growth: +10.8% YoY
📊 cRPO: ~$33.5B
🔮 Outlook: Raised
Salesforce delivered a strong second quarter, with revenue increasing approximately 10.8% to $11.35B.
The company’s AI strategy is becoming increasingly important.
AI-related annual recurring revenue was approaching $4B, helping demonstrate that Agentforce and other AI products are beginning to contribute meaningfully.
The stock surged approximately 12% after hours.
🎯 StockInsight™ Verdict
🟢 BULLISH
A strong combination of:
Revenue growth + AI monetization + improved outlook
🛡️ CROWDSTRIKE — CRWD
🟢 OUTSTANDING
💰 Revenue: $1.471B
📈 Revenue Growth: +26% YoY
💵 Non-GAAP EPS: $0.31
📈 ARR: $5.84B
📈 ARR Growth: +25%
🚀 Net New ARR: $333M
📈 Net New ARR Growth: +51%
CrowdStrike delivered an extremely strong quarter.
Revenue increased 26%, while ending ARR reached $5.84B, up 25%.
The most impressive number was net new ARR:
🚀 $333M — UP 51%
Non-GAAP EPS reached $0.31, up 34%, while free cash flow increased 33% to $377M.
🔮 Outlook
CrowdStrike raised its FY2027 revenue outlook to approximately $5.99–$6.01B.
Q3 revenue guidance is approximately $1.523–$1.529B.
🎯 StockInsight™ Verdict
🟢 VERY BULLISH
This was arguably the cleanest high-growth software report of the evening.
🧠 SYNOPSYS — SNPS
🟢 STRONG QUARTER
💰 Revenue: $2.477B
💵 EPS: $3.91
📊 Revenue Growth: Strong double-digit growth
🔮 Outlook: Upgraded
Synopsys reported quarterly revenue of $2.477B, with broad-based strength led by Design Automation.
EPS reached $3.91, well above the approximately $3.47 consensus.
Despite the strong results and upgraded AI-driven outlook, shares slipped after hours.
⚠️ Market Reaction
This is another example of the market demanding more than a beat.
🎯 StockInsight™ Verdict
🟢 FUNDAMENTALLY BULLISH
But the stock reaction suggests expectations remain elevated.
🧪 AGILENT TECHNOLOGIES — A
🟢 POSITIVE
💰 Revenue: $1.88B
💵 EPS: $1.62
📈 EPS Beat: ~9.5%
🔮 Outlook: Positive
Agilent reported fiscal Q3 revenue of approximately $1.88B, ahead of expectations.
EPS came in at $1.62, beating the $1.48 consensus by roughly 9.5%.
🎯 StockInsight™ Verdict
🟢 BULLISH
A solid report from the life-sciences and analytical-instrumentation sector.
👕 URBAN OUTFITTERS — URBN
🟢 POSITIVE
💰 Revenue: ~$1.66B
💵 Adjusted EPS: $1.72
📈 Revenue: Above expectations
📊 EPS: Approximately in line
Urban Outfitters reported record Q2 sales and profits.
Revenue reached approximately $1.66B, exceeding the $1.635B consensus, while adjusted EPS of $1.72 was approximately in line with expectations.
Shares gained strongly after the report.
🎯 StockInsight™ Verdict
🟢 BULLISH
Another positive signal for selective consumer spending.
🏆 AUGUST 26 — BEST EARNINGS REPORTS
🥇 🤖 NVIDIA — NVDA
The dominant report of the day
$96.2B revenue
$89B data center
$108B Q3 guidance
🥈 🛡️ CROWDSTRIKE — CRWD
Best high-growth software report
ARR +25%
Net new ARR +51%
FCF +33%
🥉 ☁️ SALESFORCE — CRM
Strongest AI software reaction
Revenue +10.8%
AI ARR approaching $4B
🚀 📡 DYCOM — DY
Best infrastructure growth
Revenue +45.6%
👕 ANF — ABERCROMBIE
Best consumer growth story
Record sales and raised outlook.
⚠️ AUGUST 26 — BIGGEST WARNINGS
💰 INTUIT — INTU
Huge quarterly beat, but disappointing FY2027 growth outlook.
💻 ZOOM — ZM
Revenue and EPS beat, but Q3 guidance disappointed investors.
🛒 KOHL’S — KSS
Strong EPS beat and raised guidance, but tariff refunds distorted the quarter.
🚗 LI AUTO — LI
Revenue and deliveries declined, while the company posted a large loss.
🔥 THE BIG EARNINGS THEMES
🤖 AI REMAINS THE DOMINANT GROWTH ENGINE
Nvidia’s results were the clearest confirmation yet.
Data-center revenue of $89B, up 117%, demonstrates that AI infrastructure spending remains extraordinarily strong.
And Nvidia’s $108B Q3 revenue forecast indicates that management expects the growth cycle to continue.
🛡️ CYBERSECURITY IS ACCELERATING
CrowdStrike’s 51% increase in net new ARR is an important signal.
AI isn’t just creating demand for chips.
It is also creating demand for:
🛡️ AI security
☁️ Cloud security
🔐 Identity protection
🧠 AI-native cybersecurity
☁️ ENTERPRISE AI IS FINALLY BEING MONETIZED
Salesforce’s AI ARR approaching $4B is increasingly important.
The market is moving from:
AI investment → AI products → AI revenue
That transition could become one of the defining themes of the next phase of the technology cycle.
💰 EARNINGS QUALITY MATTERS
August 26 produced several excellent examples.
Nvidia: organic demand-driven growth 🟢
CrowdStrike: ARR-driven growth 🟢
Salesforce: AI monetization 🟢
versus:
Kohl’s: tariff benefit ⚠️
ANF: tariff benefit ⚠️
SJM: tariff benefit ⚠️
The distinction between recurring growth and temporary earnings benefits is becoming increasingly important.
📈 STOCKINSIGHT™ MARKET READ
🟢 AI / SEMICONDUCTORS
Extremely strong.
Nvidia remains the undisputed center of the AI infrastructure cycle.
🟢 CYBERSECURITY
Strong.
CrowdStrike’s ARR acceleration is particularly encouraging.
🟢 ENTERPRISE SOFTWARE
Improving.
Salesforce’s AI monetization is a major positive.
🟢 INFRASTRUCTURE
Strong.
Dycom’s 45%+ growth supports the broader infrastructure investment thesis.
🟡 CONSUMER
Selective.
Abercrombie and Urban Outfitters are performing well, while other retailers remain challenged.
🔴 CHINESE EVs
Weak.
Li Auto remains under pressure from falling deliveries and intense competition.
🎯 STOCKINSIGHT™ FINAL TAKE
August 26 was ultimately a very strong earnings day, but not because every company beat.
The biggest message came from the technology sector.
Nvidia: AI demand remains enormous.
CrowdStrike: Cybersecurity growth is accelerating.
Salesforce: Enterprise AI is becoming monetized.
Synopsys: Chip-design demand remains strong.
At the same time, the consumer remains highly selective, while tariff refunds are creating noise in reported earnings.
🟢 BEST OVERALL: NVDA
🛡️ BEST SOFTWARE GROWTH: CRWD
☁️ BEST AI SOFTWARE STORY: CRM
📡 BEST INFRASTRUCTURE: DY
👕 BEST CONSUMER: ANF
🔴 WEAKEST FUNDAMENTAL STORY: LI
🚨 THE BIG PICTURE
AI demand isn’t slowing yet.
Nvidia’s $96.2B quarter and $108B forward revenue outlook pushed the AI investment story to another level.
The next question for investors is no longer whether AI spending is real.
The question is whether the growth can remain this extraordinary — while margins, valuations and capital spending remain sustainable.
StockInsight™ | Full Earnings Recap | August 26, 2026
