#earnings

Lululemon $LULU traded down 8.6% after fiscal Q1 revenue rose 4% to $2.47B but FY2026 EPS guidance was cut to $10.95-$11.15. Americas comparable sales fell 5%, while gross margin compressed 410 bps to 54.2%.

Broadcom $AVGO fell more than 12% after Q2 FY2026 revenue of $22.187B missed estimates, according to CNBC market data. The company’s SEC-filed release showed AI semiconductor revenue of $10.8B, up 143% year over year, and Q3 revenue guidance near $29.4B.

Ciena $CIEN dropped ~8.9% premarket June 4 despite beating Q2 FY2026 estimates — revenue of $1.57B (+40% YoY) and adjusted EPS of $1.64 vs. $1.46 estimate. FY2026 guidance was raised to $6.3B ±$100M (+32% YoY), but investors expected more after an AI-driven sector rally. Lumentum, Coherent, Marvell, and Corning fell in sympathy.

Broadcom $AVGO fell 15% on June 4 — its worst day since January 2025 — after Q3 AI chip guidance of $16B missed the $17.2B analyst estimate by $1.2B. Q2 FY2026 revenue of $22.19B and non-GAAP EPS of $2.44 both beat consensus, and full-year AI semiconductor guidance was left unchanged at 'in excess of $100B,' disappointing a market that had priced in a raise.

Ulta Beauty reported fiscal Q1 diluted EPS of $7.74, up 15.5% and above the $6.86 estimate cited by Reuters. Net sales rose 11.1% to $3.164B, and FY2026 EPS guidance increased to $28.36-$28.80.

Palo Alto Networks reported fiscal Q3 revenue of $3.002B, up 31% and above the $2.94B consensus cited by CNBC. The company lifted FY2026 revenue guidance to $11.415B-$11.425B as NGS ARR reached $8.1B.

Victoria’s Secret $VSXY rose about 40% after Q1 adjusted EPS of $0.60 beat its $0.20-$0.30 guide and net sales rose 15% to $1.560B. The retailer raised FY2026 net-sales guidance to $7.030B-$7.130B and adjusted operating-income guidance to $550M-$580M.

Hewlett Packard Enterprise rose about 30% after fiscal Q2 revenue reached $10.7B, up 40% year over year, and non-GAAP EPS of $0.79 topped the company outlook. The company also raised FY26 revenue growth guidance to 29%-33% and free-cash-flow guidance to at least $3.5B.

Kohl's $KSS rose 20% after Q1 FY2026 net sales fell 1.7% to $3.0B but comparable sales declined only 1.1%, the retailer's best trend in more than four years. The company affirmed FY2026 adjusted EPS guidance of $1.00-$1.60 and reported inventory down 8% year over year.

Best Buy $BBY climbed 15% after Q1 FY2027 comparable sales increased 2.0%, revenue reached $8.936B, and diluted EPS rose 38% to $1.31. The retailer reiterated FY2027 adjusted EPS guidance of $6.30-$6.60 and named Jason Bonfig as incoming CEO effective November 1, 2026.

Okta $OKTA rose 8% after Q1 FY2027 revenue grew 11% to $765M and remaining performance obligations increased 16% to $4.719B. The identity-software company guided FY2027 revenue to $3.185B-$3.205B and free cash flow to $855M-$885M.

SentinelOne $S fell 8% after Q1 FY2027 results showed 21% revenue growth to $277M, 23% ARR growth to $1.163B, and a restructuring plan tied to AI and cloud-security investment. The company raised non-GAAP operating-income guidance but guided Q2 revenue to $289M-$291M and FY2027 revenue to $1.195B-$1.205B.