NetApp Beat Estimates and Raised Guidance. Cash Flow Still Sent the Stock Lower.
NetApp posted record $2.03B revenue and raised FY27 guidance, but free cash flow fell 35% on an inventory build.
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#Earnings Movers↓
Five Below Tops Expectations on Sales and Earnings, Lifts Full-Year Forecast
Five Below beat Q2 sales and EPS estimates and raised its full-year guidance amid strong comparable sales and store growth.
Inventory Build and Tighter FY27 Margins Overshadow HPE’s Strong Quarter
HPE beat Q3 estimates and raised FY26/FY27 outlook, but the stock slipped after hours on inventory build, mixed margins, and sell-the-news trading.
Broadcom Beats Q3 Estimates but Guides Q4 Revenue Below Consensus
Broadcom crushed Q3 numbers but guided Q4 revenue a bit light versus consensus. The modest miss sent shares down after hours. Anthropic is slated for 1 GW in 2026, 5 GW in 2027, and 10 GW more in 2028—on track to become Broadcom’s top custom-chip buyer.
Snowflake Lifts Annual Product Revenue Forecast After Strong Q2 Beat; Stock Soars
Snowflake beat Q2 estimates with $1.49B product revenue, up 37%. It raised FY product sales to $6.07B as AI products gained traction.
High Expectations, Soft Margins: Why CRDO Fell After Earnings
Credo beat Q1 estimates and guided Q2 sales higher, but CRDO sold off as growth slowed, GAAP margins fell, and costs jumped.