#earnings

Gap $GAP fell 14% after Q1 net sales of $3.5B missed consensus and management narrowed FY2026 net sales growth to 1%-2%. Adjusted EPS was $0.38, while Old Navy and Athleta kept pressure on the top-line narrative.

Dell $DELL rose 39% after fiscal Q1 revenue reached $43.8B, up 88% year over year, with AI server revenue at $16.1B. The company lifted FY2027 guidance to $165B-$169B in revenue and $17.90 adjusted EPS.

Snowflake $SNOW rose 36% after Q1 FY2027 product revenue increased 26% to $996.8M and remaining performance obligations reached $6.7B. The company also said it plans to spend $6B on Amazon Web Services over five years.

PDD $PDD fell more than 5% premarket after Q1 revenue of RMB106.2B missed consensus estimates near RMB109B and non-GAAP diluted EPS per ADS dropped to RMB9.51.

Zscaler $ZS fell more than 21% premarket after Q3 revenue of $850.5M and adjusted EPS of $1.08 were offset by softer Q4 sales guidance and a lower FY26 free-cash-flow margin target.

Intuit posted Q3 FY2026 revenue of $8.56 billion (+10% YoY) and non-GAAP EPS of $12.80, raising full-year guidance to $21.34–$21.37 billion (13–14% growth). TurboTax Online units are forecast to decline ~2% as AI-native tax entrants gain share, though TurboTax Live surged 36% to partially offset the pressure.

Nvidia's board approved an $80 billion stock repurchase program on May 21 and raised the quarterly dividend 25-fold to $0.25 per share from $0.01. With $39 billion remaining under a prior authorization, Nvidia commands roughly $119 billion in total buyback capacity — one of the largest capital-return commitments in technology sector history. The announcement followed Q1 FY2027 results that beat analyst consensus on AI data-center GPU demand.

Alibaba Group posted an operating loss of CNY 848 million in its FY2026 results announced May 14 — its first operating loss in at least four years. Revenue of CNY 243.4 billion grew 3% YoY but missed the CNY 247.2 billion consensus. Bloomberg Intelligence estimates Alibaba is directing ~90% of e-commerce revenue into its Qwen AI model. $BABA fell 3.22% to $141.12 on the day.

Cisco posted Q3 FY2026 revenue of $15.841 billion (+12% YoY) and GAAP EPS of $0.85 (+37%), beating expectations and pushing shares more than 15% higher toward an all-time high on May 14. CEO Chuck Robbins announced the elimination of approximately 4,000 positions to fund an accelerated pivot toward AI infrastructure.

SK Innovation reported Q1 2026 consolidated operating profit of KRW 2.162 trillion, returning to profitability from losses in the prior comparable period, driven by recovery across its EV battery (SK On), lubricants, and chemicals businesses. The turnaround reflects easing battery pricing pressure and elevated energy margins during the Iran conflict cycle.

Telehealth platform Hims & Hers ($HIMS) fell roughly 15% after reporting a first-quarter net loss and issuing guidance that fell short of market expectations. The results reflect mounting pressure on the company's compounded GLP-1 drug business following FDA restrictions on compounded semaglutide, with investors focused on the pace of revenue diversification.

Mirae Asset Securities reported Q1 2026 net income of KRW 1.0019 trillion (+288% year-over-year) and operating income of KRW 1.3750 trillion (+297%), becoming the first Korean securities firm to surpass the KRW 1 trillion threshold on both metrics in a single quarter. An KRW 804 billion fair-value gain on SpaceX and other global holdings was the primary catalyst, while brokerage and wealth management both set all-time records. Total AUM grew KRW 176 trillion in under six months, reaching KRW 776 trillion.