Earnings live: PDD Holdings stock falls after hours, Wolfspeed gains as Nvidia’s earnings countdown begins

Database software provider MongoDB (MDB) posted strong quarterly results on Tuesday, driven by accelerating revenue growth in the company’s Atlas cloud database service and new customer acquisition.

Shares of MongoDB surged 23% in after-hours trading following surprising momentum in the company’s subscription revenue.

In the second quarter, overall revenue rose 24% year over year to $591.4 million. MongoDB reported a loss per share of $0.58. Both metrics surpassed Wall Street’s estimates for revenue of $553 million and a loss of $0.85 per share, according to S&P Global Market Intelligence.

“Many of our recently added customers are building AI applications, underscoring how our value proposition is resonating in the AI era and why MongoDB is emerging as a key component of the AI infrastructure stack,” MongoDB CEO Dev Ittycheria said.

Identity security provider Okta (OKTA) stock surged more than 4% after the company beat earnings estimates and lifted its full-year revenue outlook.

Okta’s subscription backlog increased 18% year over year to $4.152 billion.

Total revenue increased 13% annually to $728 million, while diluted earnings per share rose to $0.37. Wall Street was expecting revenue of $711 million and earnings per share of $0.21.

For the third quarter, Okta expects revenue of $728 million to $730 million, representing an annual growth rate of 9% to 10%. The company also lifted its 2026 outlook to a range of $2.875 billion to $2.885 billion.

Listen to the earnings call live here.

Nvidia (NVDA) will close out Big Tech’s earnings season when it reports its second quarter results after the bell on Wednesday.

Yahoo Finance’s Daniel Howley explains the key metrics and commentary to watch in the highly anticipated results:

Read more here.

Bank of Montreal (BMO) rose 1% in premarket trading after earnings beat expectations for its fiscal third quarter.

The Canadian bank earned $3.14 per share on revenue of $8.98 billion, beating Wall Street estimates for $2.85 per share on $8.88 billion in revenue, according to S&P Global Market Intelligence data.

The Canadian Press reports:

Scotiabank (BNS) also beat earnings estimates on Tuesday, lifting shares. Read more here.

Wolfspeed (WOLF) stock rose just under 1% in after-hours trading following its fiscal fourth quarter results. The struggling chipmaker has been navigating Chapter 11 bankruptcy and is in the midst of a restructuring, after delays in CHIPS Act funding further hampered the company’s finances.

Wolfspeed reported a loss per share $4.30, compared to a loss of $1.39 per share during the same period a year ago. Revenue came in at $197 million, compared to $201 million the previous year. Wall Street analysts expected worse results.

“Reflecting upon my first three months with Wolfspeed, I am more confident than ever in my decision to join the Company and our opportunity to further strengthen our position in the industry,” Wolfspeed’s new CEO, Robert Feurle, said in a statement. “Our next important milestone is for the court to approve our Plan of Reorganization next month, and emerge from Chapter 11 shortly thereafter, with a much stronger financial structure.”

PDD Holdings (PDD) stock gained 7% in premarket trading on Monday after the Chinese e-commerce giant beat earnings estimates by a wide margin.

The Temu and Pinduoduo owner reported earnings per American depository share (ADS) of 20.75 Chinese yuan (approximately $2.89) compared to estimates of 12.30 yuan ($1.72), per S&P Global Market Intelligence estimates.

Revenue rose 7% year over year to 10.4 billion ($1.45 billion), barely beating estimates as price competition with rivals Alibaba (BABA) and JD.com (JD) and higher costs from tariffs weighed on margins.

“Revenues growth further moderated this quarter amid intense competition,” said Jun Liu, PDD Holdings vice president of finance. “As we remain focused on long-term value creation, the sustained investments may continue to weigh on short-term profitability.”

Read more here from Reuters

Second quarter results from Abercrombie & Fitch (ANF), Kohl’s (KSS), and Best Buy (BBY) next week will continue to beat the drum of retail earnings after reports from America’s big box stores, Walmart (WMT) and Target (TGT).

But it’s Nvidia’s (NVDA) earnings that will be the star attraction, as the AI chipmaker’s stock has an 8% weighting in the S&P 500 (^GSPC).

As Yahoo Finance Senior Tech Editor Dan Howley writes, investors will be squarely focused on Nvidia’s data center business — even more so since the company announced a new gigascale networking plan that will combine the performance of multiple data centers to create one massive GPU. And many will be eager to hear more about a new China chip Nvidia is developing with the Trump administration.

Here’s a look at next week’s earnings calendar, marking a sort of grand finale for the second quarter reporting season:

Monday: PDD Holdings (PDD)

Tuesday: BMO (BMO), MongoDB (MDB), Okta (OKTA), PVH (PVH)

Wednesday: Nvidia (NVDA), Abercrombie & Fitch, CrowdStrike (CRWD), Five Below (FIVE), HP (HP), Kohl’s, Pure Storage (PSTG), Snowflake (SNOW), The J.M. Smucker Company (SJM), Urban Outfitters (URBN), Williams-Sonoma (WSM)

Thursday: Affirm (AFRM), Best Buy (BBY), Bath & Body Works (BBWI), Dick’s Sporting Goods (DKS), Dell (DELL), Dollar General (DG), Gap (GAP), Marvell (MRVL), Petco (WOOF), TD Bank (TD), Ulta (ULTA)

Friday: Alibaba (BABA)

Reuters reports:

Read more here.

Fuel prices weighed on BJ’s Wholesale Club (BJ) sales in the second quarter, the company reported Friday.

Overall comparable club sales decreased by 0.3% year over year, while comparable sales excluding gasoline increased by 2.3% annually.

The company reported earnings per share of $1.14, topping Wall Street’s estimates for earnings of $1.09 per share. Revenue of $5.38 billion in the quarter disappointed expectations for $5.48 billion, according to S&P Global Market Intelligence

BJ’s reiterated its full-year revenue guidance and narrowed the range for its earnings outlook. For fiscal 2025, BJ’s sees comparable club sales minus gasoline increasing 2% to 3.5% year-over-year. Adjusted EPS is expected to range from $4.20 to $4.35 instead of $4.10 to $4.30 previously forecast.

Zoom stock (ZM) popped 5% on Thursday afternoon after the company reported a huge earnings beat.

Zoom posted earnings per share of $1.16, compared to Wall Street analyst estimates for $0.72, per S&P Global Market Intelligence. That represents 66% annual earnings growth.

The company’s founder and CEO, Eric Yuan, noted that the strong quarter comes as artificial intelligence reshapes the way people are working. The company highlighted its paid add-on for custom AI agents that help with meeting prep and call summaries as drivers.

Revenue rose 5% to $1.2 billion, bolstered by 7% growth in Enterprise revenue. The company’s monthly churn rate remained flat year over year at 2.9%.

Zoom also raised its full-year revenue outlook and free cash flow guidance, which is now expected to be in the range of $1.74 billion to $1.78 billion.

For the full 2026 fiscal year, total revenue is expected to be between $4.825 billion and $4.835 billion while diluted EPS is expected to be between $5.81 and $5.84.

Workday (WDAY) stock slipped more than 3% in after-hours trading following the company’s announcement that it would acquire Paradox for an undisclosed amount. Paradox is an AI company that uses AI chatbots to simplify the job application process.

Workday also reported second quarter results that beat expectations. Subscription revenue increased 14%, lifting overall revenue to $2.35 billion in the second quarter. Wall Street was looking for revenue of $2.34 billion.

Diluted earnings per share of $2.21 beat estimates of $2.12 per share.

“Our second quarter results reflect the strength of our platform and our continued progress across several of our growth initiatives,” CFO Zane Rowe said. “Following our first half momentum — and also incorporating the acquisition of Paradox — we are increasing our fiscal 2026 subscription revenue guidance to $8.815 billion, representing growth of 14%, and increasing our fiscal 2026 non-GAAP operating margin guidance to approximately 29%.”

Shares of Intuit (INTU), the company behind tax-preparation and finance software TurboTax, Credit Karma, and QuickBooks, fell 5% after hours after the company forecast fiscal first quarter revenue growth below analyst estimates.

Reuters reports:

Intuit’s board also approved a new $3.2 billion share buyback plan, raising its total repurchase authorization to $5.3 billion.

Read more here.

Walmart (WMT) and Target (TGT) often get compared, especially when they report earnings back-to-back. But the most recent results from the big box stores highlight how the two couldn’t be more different.

Yahoo Finance’s Brian Sozzi dived into the two retailers’ quarters:

Read more here.

Walmart (WMT) reassured investors that it’s continuing to gain market share and generate healthy sales growth.

But even though executives said the company didn’t see any “dramatic shifts” with consumer behavior last quarter, they did communicate that keeping costs low could become a greater challenge in the second half of the year as tariff-related price increases work their way through inventory.

“With regards to our US pricing decisions, given tariff-related cost pressures, we’re doing what we said we would do: We’re keeping our prices as low as we can for as long as we can,” Walmart CEO Doug McMillon said on Walmart’s earnings call.

“The way things have played out so far, the impact of tariffs has been gradual enough that any behavioral adjustments by the customer have been somewhat muted,” McMillon continued. “But as we replenish inventory at post-tariff price levels, we’ve continued to see our costs increase each week, which we expect will continue into the third and fourth quarters.”

Listen to a replay of the earnings call here.

Retail giant Walmart (WMT) stock slipped 2% on Thursday after missing Wall Street estimates.

Yahoo Finance’s Brooke DiPalma looks at the retail chains’ earnings and how economic challenges may have impacted their results.

Read more here.

Walmart (WMT) will report quarterly results Thursday morning before the bell, following on the heels of Target (TGT) earnings Wednesday, which sent shares of the retailer 6% lower.

But Walmart is expected to highlight another robust quarter, Yahoo Finance’s Brooke DiPalma writes, as consumers search for value amid tariff-related uncertainty.

Brooke previews what to look for in Walmart’s earnings:

Read more here.

TJ Maxx parent TJX Companies (TJX) beat sales and profit estimates for the second quarter and raised its annual profit forecast, boosting shares in premarket trading.

Reuters reports:

Read more here.

Lowe’s (LOW) stock popped in premarket trading on Wednesday after the home improvement retailer reported a return to same-store sales growth, earnings beat, and raised its guidance.

Yahoo Finance’s Brooke DiPalma reports:

Read more here.

Target (TGT) released its second quarter results on Wednesday. The results are not as bad as the first quarter but declining sales has the retail giant in a bit of a bind. Shares in target fell 8% before the bell

Yahoo Finance’s executive editor Brian Sozzi looks at the latest from Target and whether it will ever find its place in this new economic environment.

Read more here.