#earnings

AeroVironment $AVAV gained as much as 28% after fiscal Q4 revenue rose 133% to $641.6M and funded backlog reached $1.2B. The company guided fiscal 2027 revenue to $2.125B-$2.225B.

$AVAV rose 19% after hours after fiscal Q4 adjusted EPS of $1.84 beat the $1.46 LSEG consensus and revenue of about $642M beat the $559M estimate. Funded backlog reached $1.2B, up 65% from a year earlier.

Micron $MU rose about 18% in premarket trading after fiscal Q3 revenue reached $41.46B, above the $35.91B consensus cited by earnings trackers. Non-GAAP EPS was $25.11, and Micron guided fiscal Q4 revenue to about $50B plus or minus $1B.

Cerebras reported Q1 revenue of $193.4M, up 92% year over year, but the stock fell 10% after Q2 core gross-margin guidance of 36-38% compared with 47% in Q1.

BMW (BMW.DE) fell about 8% after cutting its 2026 automotive EBIT margin outlook to 1-3% from 4-6%. The company cited a deeper China slowdown, Middle East conflict costs and a second-half restructuring charge.

$ORCL fell 8% after reporting negative free cash flow of $23.7B for fiscal 2026 and a plan to raise $40B through debt and equity, even as Q4 revenue and EPS topped LSEG estimates.

Chow Tai Fook (1929.HK) rose 15% after FY2026 profit attributable to shareholders increased 52.2% to HK$9.004B. The company reported revenue of HK$94.398B, gross margin of 32.3% and operating profit margin of 20.0%.

Oracle $ORCL fell as much as 11% after Q4 results, with CNBC citing investor concern over a FY2027 funding plan of about $40B. Oracle’s release showed FY2026 free cash flow at negative $23.7B, RPO of $638B and Q4 non-GAAP EPS of $2.11.

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.