Autodesk Beats Expectations, Raises Outlook on Strong Cloud Demand
Autodesk reported strong Q3 results with revenue of $1.85B, beating estimates. The design software maker raised full-year guidance driven by cloud subscriptions and AI integration.
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Zscaler Shares Plunge Despite Beating Q1 Earnings Estimates
Zscaler stock tumbles 8% after Q1 earnings beat as investors react negatively to modest guidance raise. According to RBC analysts, the company's annual forecast increase was "less than the Q1 revenue beat."
HP Announces Major Job Cuts and Disappointing Profit Outlook Amid Rising Memory Costs
HP plans to cut 4,000-6,000 jobs by 2028 using AI tools, targeting $1B in savings. Fiscal 2026 profit outlook falls short of expectations due to rising memory chip costs.
Dell Boosts AI Server Forecast to $25B on Record Demand Growth
Dell boosts AI server shipment guidance to $25B as Q3 orders hit record $12.3B. Company raises full-year revenue outlook to $111.7B on strong data center demand.
Nutanix Q1 Earnings: Meets EPS But Cuts Revenue Guidance
Nutanix (NTNX) reports 18% ARR growth and $174.5M free cash flow in Q1 FY2026, but significantly lowers Q2 and full-year revenue guidance below estimates.
Oracle's AI Debt Concerns Spread Across Tech Giants as Insurance Costs Surge
Amid concerns about AI data center spending, credit default swap prices for Oracle debt have spiked dramatically. Now, worries are spreading to Microsoft and Amazon as markets reassess hyperscaler risks.