The Earnings Debate

EarningsBeat.ai
  • 5.0 (1)
  • Investing
  • Updated weekly

We turn quarterly earnings calls into a fast-paced financial comedic debate. Our AI hosts (one skeptic and one optimist) agree on almost nothing. We cut through jargon, pressure-test claims, and spotlight the questions that matter. Rigorous analysis. Actual laughs. On the beat so you don't miss a beat.

  1. Costco Wholesale Corporation (COST) Announced Q3 2026 Earnings on May 28, 2026, Reporting Net sales for the third quarter were $69.15 billion

    3 days ago

    Costco Wholesale Corporation (COST) Announced Q3 2026 Earnings on May 28, 2026, Reporting Net sales for the third quarter were $69.15 billion

    Costco Wholesale Corporation reported net income for the third quarter of 2026 at $2.192 billion, or $4.93 per diluted share. Net sales for the third quarter were $69.15 billion, an increase of 11.6 percent from $61.96 billion in the third quarter of 2025. Comparable sales were up 9.8 percent. The company reported membership fee income of $1.373 billion. At the end of the third quarter, the company had 82.9 million total paid members and 41.2 million paid executive memberships. The reported gross margin rate was 11.04 percent and the reported SG&A rate was 8.96 percent. Management highlighted record-breaking volumes in their gas business. The company also stated they started submitting refund claims for the IEEPA tariffs and plan to return to members the portion of tariffs passed on to them. In digital and warehouse operations, the company noted significant improvement in the speed of checkout through enhancements that include improvements to the mobile wallet, the introduction of digital membership card quick access, and the rollout of a shopping cart pre-scan tool. They are also incorporating a successful Paystation pilot into new warehouse openings and high-volume buildings. Furthermore, the company noted that they are leveraging AI to enhance product pages online. For forward guidance, the company expects to have 26 net new openings in fiscal year 2026 and estimates capital expenditure for the full year will be approximately $6.5 billion. The company announced the launch of a new collaboration with Google Commerce Media and YouTube to broaden its reach in retail media. Product updates included the launch of new Kirkland Signature items such as an energy drink, ultrafiltered milk, sea salt popcorn, and oven roasted chicken dog food. The pharmacy business saw market share gains contributed by increased GLP-1 demand and the inclusion of Wegovy and Ozempic in their member prescription program.

    11 min
  2. Dell Technologies Inc. (DELL) Announced Q1 2027 Earnings on May 28, 2026, Reporting "Revenue was $43.8 billion"

    3 days ago

    Dell Technologies Inc. (DELL) Announced Q1 2027 Earnings on May 28, 2026, Reporting "Revenue was $43.8 billion"

    Dell Technologies Inc. reported its first quarter financial results, stating that revenue was $43.8 billion, up 88 percent. Diluted earnings per share was $4.86, up 214 percent for the quarter. Management noted the company delivered a record first quarter cash flow from operations of $4.1 billion. Gross margin dollars grew 57 percent to $7.9 billion, with a gross margin rate of 18.1 percent. Operating income grew 154 percent to $4.2 billion for the quarter, and net income was up 194 percent to $3.2 billion. During the call, executives highlighted that demand was stronger than anticipated as customers decisively secured supply. In the first quarter, the company booked $24.4 billion in AI orders and recognized $16.1 billion of AI server revenue, exiting the quarter with a record $51.3 billion of AI backlog. The Infrastructure Solutions Group posted record revenue of $29 billion for the quarter, up 181 percent, while traditional server and networking revenue reached $8.5 billion, up 92 percent. The Client Solutions Group posted quarter revenue of $14.6 billion, up 17 percent, driven by commercial revenue of $13 billion and consumer revenue of $1.6 billion. Management identified memory constraints, specifically DRAM and NAND, as the primary supply challenge. Regarding product and partnership updates, Dell expanded the Dell AI factory ecosystem with partners including NVIDIA, Google Cloud, OpenAI, and CrowdStrike. The company introduced new infrastructure supporting the Vera Rubin rack-scale platform and launched the 18th generation of PowerEdge servers. Executives also highlighted the new PowerStore Elite, noting it delivers up to 3x performance and density compared to prior generations, alongside a 6:1 data reduction guarantee. For full year guidance, the company expects revenue of $165 billion to $169 billion, driven by $60 billion of AI server revenue. Diluted non-GAAP earnings per share for the full year is expected to be $17.90, plus or minus $0.25. For the second quarter, management anticipates revenue of $44 billion to $45 billion, supported by $15.5 billion in AI server revenue, and expects Q2 diluted non-GAAP earnings per share to be $4.80, plus or minus $0.10.

    21 min
  3. MongoDB, Inc. (MDB) Announced Q1 2027 Earnings on May 28, 2026, Reporting "total revenue of $688 million, up 25% year-over-year"

    3 days ago

    MongoDB, Inc. (MDB) Announced Q1 2027 Earnings on May 28, 2026, Reporting "total revenue of $688 million, up 25% year-over-year"

    MongoDB reported total revenue of $688 million in the first quarter of fiscal 2027, representing a 25% increase year-over-year. Atlas consumption revenue grew 29.4% year-over-year, accounting for approximately 75% of total first quarter revenue, adding a record $117 million. EA and Other revenue grew 13% year-over-year in the first quarter. The company delivered first quarter non-GAAP income from operations of $123 million, yielding an operating margin of 18%. First quarter non-GAAP net income was $112 million, or $1.32 per diluted share. Operating cash flow for the first quarter was $202 million, and free cash flow was $198 million. Management highlighted that MongoDB is becoming a strategic platform decision for both core workloads and artificial intelligence applications. The company noted multiple product innovations, including the release of MongoDB 8.3, automated Voyage AI embeddings entering public preview, and native integrations with the LangChain agent framework. Additionally, MongoDB announced the acquisition of Clarity Business Solutions to accelerate its expansion into the U.S. federal vertical, bringing in approximately $10 million in annual services revenue. The company also announced leadership appointments, including Ben Cefalo and Pablo Stern-Plaza as Chief Product Officers, Erica Volini as Chief Customer Officer, and Ryan Mac Ban as Chief Revenue Officer. For the second quarter of fiscal 2027, management expects revenue of $729 million to $734 million, non-GAAP income from operations of $152 million to $156 million, and non-GAAP net income per share of $1.58 to $1.61. For the full year fiscal 2027, the company guided for revenue of $2.92 billion to $2.96 billion, non-GAAP income from operations of $571 million to $591 million, and non-GAAP net income per share of $5.95 to $6.14. Management expects full year Atlas revenue growth in the range of 23% to 25% and EA and Other revenue to see mid-single-digit growth for the full fiscal year.

    19 min
  4. XPeng Inc. (XPEV) Announced Q1 2026 Earnings on May 28, 2026, Reporting "total revenues were RMB 13.03 billion for the first quarter of 2026".

    4 days ago

    XPeng Inc. (XPEV) Announced Q1 2026 Earnings on May 28, 2026, Reporting "total revenues were RMB 13.03 billion for the first quarter of 2026".

    XPeng Inc. reported its financial results for the first quarter of 2026, noting that total revenues were RMB 13.03 billion for the first quarter of 2026. Revenues from vehicle sales were $11 billion for the first quarter of 2026, while revenues from services and others were $2.03 billion for the first quarter of 2026. Gross margin was 20.6 percent for the first quarter of 2026, and vehicle margin was 12.1 percent for the first quarter of 2026. The company reported a loss from operations of RMB 1.87 billion for the first quarter of 2026 and a net loss of RMB 1.78 billion for the first quarter of 2026. As of March 31, 2026, the company's cash position was CNY 42.09 billion. Management highlighted the company's transformation from a smart EV company to a physical AI company, emphasizing a strategic focus on scaling autonomous driving and robotics. Accelerating international expansion is a major priority, with the company expecting international revenue to exceed 20 percent of total revenue starting in the second quarter. The target is to achieve sustained monthly overseas deliveries of over 10,000 units in the fourth quarter and to more than double full year overseas deliveries. To support this, XPeng is increasing local production capacity through two plants in Southeast Asia and a partnership in Austria to address local demands. For the second quarter of 2026, XPeng expects deliveries of 100,000 to 106,000 units, with revenue of RMB 19.6 billion to RMB 20.8 billion. Notable product announcements include the May launch of the XPeng GX, a flagship model built for the L4 era, and the completion of the Turing AI SoC upgrade across the entire model lineup. Management is also targeting to achieve mass production of its humanoid robot by year-end. On the partnership front, XPeng will start delivering the Turing SoC to its partner Volkswagen at scale beginning in the second quarter.

    20 min
  5. Salesforce, Inc. (CRM) Announced Q1 2027 Earnings on May 27, 2026, Reporting " Revenue was $11.13 billion "

    4 days ago

    Salesforce, Inc. (CRM) Announced Q1 2027 Earnings on May 27, 2026, Reporting " Revenue was $11.13 billion "

    Salesforce reported Q1 revenue of " $11.13 billion " and delivered " $6.7 billion " in Q1 operating cash flow. The current remaining performance obligation ended the first quarter at " $33.6 billion ". Management noted a Q1 non-GAAP operating margin of " 34.8% " and a Q1 GAAP operating margin of " 21.1% ". The company also commenced a " $25 billion accelerated share repurchase " program, which reduced the Q1 diluted share count by 10 percent year-over-year. Management emphasized the company's focus on becoming an " Agentic enterprise " and announced that " Agentforce ARR surpassed the $1 billion mark " this quarter. The company processed " 28.6 trillion tokens " and converted them into " 3.8 billion Agentic Work Units " for customers to date. Salesforce introduced " Agentforce Coworker " and discussed the launch of " Headless 360 ", which allows customers to use coding agents and APIs across different surfaces to access Salesforce data. For the second quarter of fiscal year 2027, the company expects revenue of " $11.27 billion to $11.35 billion ". Management raised the midpoint of its full fiscal year 2027 revenue guidance to " $45.9 billion to $46.2 billion " and noted they remain on track for their fiscal year 2030 framework to grow the top line to " $63 billion plus with Informatica ". The company highlighted notable momentum with products like Slack, noting that Slackbot is the fastest adopted AI tool in company history and is driving " 3.8 million hours of annualized productivity gains " for their employees.

    20 min
  6. Snowflake Inc. (SNOW) Announced Q1 2027 Earnings on May 27, 2026, Reporting "Product revenue came in at $1.334 billion with growth accelerating to 34% year-over-year"

    4 days ago

    Snowflake Inc. (SNOW) Announced Q1 2027 Earnings on May 27, 2026, Reporting "Product revenue came in at $1.334 billion with growth accelerating to 34% year-over-year"

    Financial Results For the first quarter of fiscal 2027, Snowflake reported product revenue of $1.334 billion, representing 34% year-over-year growth. The company achieved a net revenue retention rate of 126%. First quarter non-GAAP operating margin expanded over 300 basis points year-over-year to 12%. Remaining performance obligations grew 38% year-over-year in the first quarter. During the quarter, the company used approximately $300 million to repurchase 1.7 million shares and ended the first quarter with $4.4 billion in cash, cash equivalents, short-term and long-term investments. Business Updates Snowflake added 616 net new customers in the first quarter, an increase of 38% year-over-year, bringing the total to 13,912 customers. Management highlighted that their AI products are seeing the fastest adoption of any new products in the company's history. Accounts using Snowflake Intelligence more than doubled quarter-over-quarter, and Cortex Code is currently in use with more than 7,100 accounts. The company also announced the intended acquisition of Natoma, which will bring 20 employees to Snowflake. Partnerships During the first quarter, Snowflake entered into a new 5-year, $6 billion contract with AWS, noting that the company surpassed $7 billion in lifetime AWS Marketplace sales. Additionally, management announced an expanding $200 million partnership with Open AI and brought a joint capability from their landmark partnership with SAP to general availability. Forward Guidance For the second quarter of fiscal 2027, Snowflake expects product revenue between $1.415 billion and $1.42 billion, representing 30% year-over-year growth, with a non-GAAP operating margin of 12.5%. For the full fiscal year 2027, management increased their product revenue guidance to $5.84 billion, representing 31% year-over-year growth. Full-year guidance also includes a non-GAAP product gross margin of 75% and an increased non-GAAP operating margin of 13.5%. The company reiterated its full-year non-GAAP adjusted free cash flow margin guidance of 23%, which includes an approximate 150 basis point headwind related to the Observe acquisition.

    19 min
  7. Zscaler, Inc. (ZS) Announced Q3 2026 Earnings on May 26, 2026, Reporting "Revenue of $850 million grew 25% year-over-year"

    4 days ago

    Zscaler, Inc. (ZS) Announced Q3 2026 Earnings on May 26, 2026, Reporting "Revenue of $850 million grew 25% year-over-year"

    Zscaler, Inc. reported financial results for the third quarter of fiscal 2026. Revenue for the quarter was $850 million, growing 25 percent year-over-year. Total annual recurring revenue was $3.5 billion, representing 25 percent year-over-year growth. Non-GAAP operating income was $196 million, with a non-GAAP operating margin of 23 percent. The company generated a free cash flow margin of 16 percent for the quarter and ended the period with $3.5 billion in cash, cash equivalents, and short-term investments. Management emphasized the company's positioning as the cybersecurity platform for the AI era, highlighting the need to protect against new powerful frontier AI models like Mythos. Zscaler announced its intent to acquire Symmetry Systems to integrate its Access Graph technology with the Zero Trust Exchange to help secure AI agents. The company also noted new partnerships with Anthropic on Project Glasswing and with OpenAI as part of its Daybreak program. Additionally, the company launched Project AI-Guardian with key global system integrator partners and saw strong momentum from its Z-Flex procurement program, which generated over $480 million in total contract value during the third quarter. For the fourth quarter of fiscal 2026, Zscaler expects revenue of $875 million to $878 million and an operating profit of $206 million to $208 million. For the full year fiscal 2026, management guided for revenue of $3.3295 billion to $3.3325 billion, and total annual recurring revenue of $3.740 billion to $3.749 billion. Full year operating profit is expected to be $755 million to $757 million, with a free cash flow margin of 22.8 percent to 23.3 percent. Management also provided an early look for fiscal 2027, projecting total annual recurring revenue and revenue growth of 16 percent to 17 percent, while noting they are taking a prudent approach to guidance following the departure of two sales leaders.

    21 min
  8. PDD Holdings Inc. (PDD) Announced Q1 2026 Earnings on May 27, 2026, Reporting "total revenues increased 11% year-over-year to RMB 106.2 billion".

    4 days ago

    PDD Holdings Inc. (PDD) Announced Q1 2026 Earnings on May 27, 2026, Reporting "total revenues increased 11% year-over-year to RMB 106.2 billion".

    For the first quarter of 2026, PDD Holdings Inc. reported that total revenues increased 11% year-over-year to RMB 106.2 billion. This growth was mainly driven by revenues from transaction services, which reached RMB 56.3 billion, up 20% from the same quarter last year. Revenues from online marketing services and others for the quarter were RMB 49.9 billion. The company reported a GAAP operating profit of RMB 19.6 billion and a non-GAAP operating profit of RMB 21.1 billion, representing a non-GAAP operating profit margin of 20%. First quarter non-GAAP net income attributable to ordinary shareholders was RMB 14.1 billion, with non-GAAP diluted earnings per ADS of RMB 9.51. Management emphasized their transition into a new decade focused on high-quality development and a 3-year strategy to build another Pinduoduo through heavy supply chain investments. In March, the company officially launched its new first-party brand business by establishing a dedicated company in Shanghai with an initial cash injection of RMB 15 billion, and they plan to invest RMB 100 billion over the next 3 years. This initiative is designed to consolidate supply chain resources, collaborate with global IPs to incubate new brands, and empower manufacturers to shift from volume-driven homogeneous competition to a consumer-centric, R&D-driven model. The company also continued its investments under the RMB 100 billion support program, launching the 2026 Duo Duo Premium Produce program to deepen support across the entire agricultural value chain, including cold chain logistics and deep processing. Additionally, PDD accelerated its free shipping to villages initiative, expanding direct-to-village coverage to over 70% of local villages in certain regions by March through the setup of county-level transport warehouses. By covering transshipping fees, the platform noted that logistics costs for shipping to some remote regions have been reduced by nearly 80%, unlocking new growth opportunities and increasing order volumes to western provinces. Regarding future outlook, management did not provide specific numerical forward guidance. However, executives noted that quarter-to-quarter financial fluctuations are normal due to seasonality and their own investment cycles. The company intends to remain resolute in its long-term supply chain investments, prioritizing the healthy development of the platform ecosystem and foundational capabilities over short-term financial performance.

    19 min
See All (196)

About

We turn quarterly earnings calls into a fast-paced financial comedic debate. Our AI hosts (one skeptic and one optimist) agree on almost nothing. We cut through jargon, pressure-test claims, and spotlight the questions that matter. Rigorous analysis. Actual laughs. On the beat so you don't miss a beat.

Information

  • Creator
    EarningsBeat.ai
  • Years Active
    2k
  • Episodes
    196
  • Rating
    Clean
  • Copyright
    © 2026 EarningsBeat.ai
  • Show Website
    The Earnings Debate

You Might Also Like