1. $Cerence Inc.(CRNC)$ jumped 27.53%
Q4 Revenue: $60.6M vs. $55.24M expected (+10.6% beat)
Adjusted EPS: -$0.24 vs. -$0.26 expected (+7.7% beat)
Outlook: Expecting Q1 revenue between $110M and $120M, including a $49.5M patent license payment, with gross margins projected at 85%-86%. Net (loss) income is forecasted between -$2.4M and $7.6M, and adjusted EBITDA is expected to range from $30M to $40M.
Cerence's stock surged after the company issued FY2026 revenue guidance of $300 million to $320 million, far exceeding analysts’ estimate of $246 million. The midpoint of the guidance represents a 23% year-over-year increase, including the company’s first successful monetization of its intellectual property.
"As I reflect on my first full fiscal year as Cerence AI’s CEO, I’m incredibly proud of what our team has accomplished and excited by the road ahead," said Brian Krzanich, CEO of Cerence. "We strengthened the financial and operational foundation of the Company and increased positive cash flow generation."
2. $Wal-Mart(WMT)$ increased 6.46%
Revenue: $179.50B vs. $177.43B expected (+1.2% beat)
Adjusted EPS: $0.62 vs. $0.60 expected (+3.3% beat)
Outlook: Expecting net sales to increase in the range of 4.8%-5.1%, up from 3.75%-4.75% previously. Walmart said its adjusted earnings are expected to fall within the range of $2.58-$2.63, up from the previous expectation of $2.52-$2.62.
Shares rose 5.9% in early trading after it bumped up its annual net sales. Walmart raised its annual forecasts for the second time this year after another strong quarter led by surging online sales, in a signal of confidence headed into the holiday season.
CEO Doug McMillon said the company "saw strength across income cohorts and especially with higher income households."
"Holiday is off to pretty good start," CFO John David Rainey said, pointing to strong Halloween and early Thanksgiving sales. He said the company remains optimistic about shoppers leaning into seasonal holiday events, though some moderation persists, and expects fourth‑quarter trends to be broadly in line with earlier quarters.
3. $Intuit(INTU)$ rose 3.23%
Revenue: $3.89B vs. $3.76B expected (+3.3% beat)
Adjusted EPS: $3.34 vs. $3.09 expected (+8.1% beat)
Outlook: The company expects fiscal Q2 adjusted EPS of $3.63-$3.68 (midpoint $3.66 vs. the consensus of $3.84), and revenue growth of 14%-15% vs. Visible Alpha consensus of 12.9% growth.
Intuit experienced increase in its stock price, the company revealed robust earnings for the quarter, coupled with a promising outlook for future performance. This positive update contributed to the upward movement in Intuit's stock as investors responded favorably to the strong guidance provided by the company.
"We delivered an exceptional first quarter as we continue to execute on our AI-driven expert platform strategy. Intuit is creating a system of intelligence, leveraging data, data services, AI, and human intelligence to fuel the success of consumers, small and mid-market businesses, and accountants," said Sasan Goodarzi, Intuit's chief executive officer.
4. $Palo Alto Networks(PANW)$ declined 7.42%
Revenue: $2.47B vs. $2.46B expected (+16% beat)
EPS: $0.93 adjusted vs. $0.89 expected （+4.49% beat）
Outlook: The company expects 28% growth in security ARR, reaching $6.11-$6.14 billion, and a 21-22% increase in remaining obligations to $15.75-$15.85 billion. Revenue is projected to rise 14-15%, from $2.57-$2.59 billion. Non-GAAP EPS is expected to be $0.93-$0.95.
Palo Alto Networks stock is under pressure after the company released fiscal first quarter results that narrowly beat on the top and bottom lines. And capital expenditures during the period were much higher than expectations at $84 million. Palo Alto said it’s buying cloud observability platform Chronosphere for a total value of $3.35 billion.
"Our strong start to the fiscal year was marked by excellent results across all metrics, and significant platformization wins," said Nikesh Arora, chairman and CEO of Palo Alto Networks. "Our robust innovation engine, paired with the strategic acquisitions of CyberArk and Chronosphere, positions us as the data and security partner of choice in the AI era."
5. $Elastic N.V.(ESTC)$ dropped 7.02%
Revenue: $423.48M vs. $418.16M expected (+17% beat)
Adjusted EPS: $0.64 vs. $0.58 expected(+10.3% beat)
Outlook: Elastic raised its fiscal 2026 adjusted EPS guidance to a range of $2.40 to $2.46, versus the $2.36 estimate and raised its revenue guidance to a range of $1.715 billion to $1.721 billion, versus the $1.7 billion estimate.
Elastic’s stock dropped due to concerns over its profitability, despite a strong earnings beat and positive revenue growth. The company posted a larger-than-expected loss of $51.2 million, which overshadowed its 16% revenue growth. Investor fears about an AI bubble and broader market jitters also contributed to the stock's decline.
“Q2 was an outstanding quarter for Elastic. We beat the high end of our guidance across all metrics. Our strength was driven by robust growth across the company with AI positively impacting all areas of our business,” said Ash Kulkarni, chief executive officer, Elastic. “Our deep expertise in managing unstructured data, combined with our clear product differentiation and context engineering leadership, positions Elastic as the natural leader for search, AI, observability, and security.”
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