Second quarter earnings season is coming to a close, and with nearly all of the reports in, the results have been mostly positive.

As of Sept. 5, 99% of S&P 500 index companies have reported results, according to FactSet data, and analysts expect S&P 500 companies to report a 12% jump in earnings per share during the second quarter.

Companies had lower expectations to clear coming into the quarter — analysts expected S&P 500 earnings to rise 5% in Q2, the slowest pace of earnings growth since Q4 2023 — amid President Trump's tariffs, stocks' lofty valuations, and uncertainty about the health of the US economy.

This week, reports are rolling in from Oracle (ORCL), Synopsys (SNPS), Rubrik (RBRK), SailPoint (SAIL), GameStop (GME), Chewy (CHWY), Adobe (ADBE), and Kroger (KR).

Here are the latest updates from corporate America.

Luxury furniture maker RH (RH) reported second quarter earnings and revenue below Wall Street's expectations and cut its annual outlook on Thursday as tariffs took a bite.

\\"There's going to be gross margin headwinds from tariffs coming,\\" CEO Gary Friedman said on the earnings call. \\"You just can't raise prices fast enough, and there's only so much room our manufacturing partners have [to absorb costs].\\"

Friedman said that tariff uncertainty led the company to delay a new brand extension and its Fall Interiors Sourcebook.

As a result, RH said it expects a $30 million hit to profits in the second half of the year. The company also lowered its full-year revenue growth outlook to 9% to 11% from 10% to 13% previously.

Earnings per share of $2.62 missed Wall Street estimates of $3.25 per share. Revenue also missed: $899 million compared to $905 million estimated.

The stock fell 9% in premarket trading.

Adobe Inc. (ADBE) stock rose 4% before the bell on Friday after the company gave a strong quarterly revenue outlook, suggesting that the software maker is seeing a payoff from its investment in AI features.

Bloomberg News reports:

Sales will be about $6.08 billion to $6.13 billion in the period running through November, the company said Thursday in a statement. Analysts, on average, estimated a number at the bottom of that range.

Profit, excluding some items, will be $5.35 to $5.40 a share, compared with the average projection of $5.33. The San Jose, California-based company also boosted its annual forecast.

Adobe has worked to weave artificial intelligence features, often based on its own generative models, into the company’s industry-standard products like Photoshop. That’s now helping spur growth.

Annual recurring revenue from AI-influenced products has surpassed $5 billion, Chief Executive Officer Shantanu Narayen said in the statement. “Adobe is the leader in the AI creative applications category,” he said.

Read more here.

Kroger stock rose more than 1% in premarket trading after the supermarket operator beat earnings estimates and raised the low end of its full-year profit guidance.

The company reported earnings per share of $1.04, topping Wall Street’s estimates of $1 and above the $0.93 per share earnings it reported a year ago. Revenue remained flat year over year, coming in at $33.9 billion. Analysts were looking for $34.1 billion, according to S&P Global Market Intelligence.

Kroger adjusted its 2025 outlook and now sees same-store sales growth in a range of 2.7%-3.4%, above its previous range of 2.25%-3.25%. At the same time, it raised the low end of its earnings per share guidance by $0.10. Earnings per share are now expected to be between $4.70-$4.80 for the year.

Kroger has been restructuring to streamline its operations under interim CEO Ron Sargent, including cutting 1,000 jobs and closing some 60 stores. The company ousted longtime CEO Rodney McMullen in March following a probe into his conduct.

“Kroger delivered another quarter of strong results, which demonstrates the clear and measurable progress we’ve made on our priorities — to simplify our organization, to improve the customer experience and to focus on work that creates the most value,” Sargent said in a statement.

Chewy (CHWY) earnings declined year over year, sending the stock over 8% lower in Wednesday's premarket trading.

The pet-focused e-commerce retailer posted earnings of $0.14 per share, meeting Wall Street analyst estimates, according to S&P Global Market Intelligence. But that earnings figure marked a $0.54 profit drop from the $0.68 per share earnings reported in the same quarter a year ago.

The company said the decrease in profits was due to share-based compensation expenses and related taxes.

Revenue increased 8.6% year over year to $3.1 billion, coming in above estimates of $3.08 billion.

Chewy said it had 20.9 million active customers at the end of the quarter, and net sales per active customer grew 4.6% to reach $591 million.

Listen to the earnings call live here.

GameStop (GME) stock rose 10% before the bell on Wednesday after reporting a nearly 22% rise in second quarter revenue on Tuesday.

Reuters reports:

The videogame retailer's efforts to revive its struggling business have began to pay off as the company's revenue increased to $972.2 million during the period, compared with $798.3 million a year ago.

Once a dominant force in physical retail, GameStop has seen its market share erode over the years due to its slow shift toward digital purchases, while e-commerce giants such as Amazon have become go-to destinations for gaming and general merchandise.

Read more here.

Reuters reports:

Chip design software provider Synopsys (SNPS) missed Wall Street estimates for third-quarter revenue on Tuesday, hurt by weakness in its Design IP business, sending shares down 20% in premarket trading on Wednesday.

The segment includes Synopsys' interface, security and embedded processor intellectual property, along with IP implementation services.

The underperformance in the segment was caused by deals that did not materialize, largely due to new export restrictions disrupting design starts in China and challenges at a major foundry customer, CEO Sassine Ghazi said on a post-earnings call.

In early July, the United States lifted restrictions on exports to China for chip design software developers, which had been imposed in late May.

Read more here.

Oracle stock jumped by 29% in premarket trading on Wednesday after forecasting AI-driven cloud revenue rising to $144 billion by fiscal 2030.

Yahoo Finance reporter Laura Bratton looks into the software giant's earnings and the massive leap in its company projection.

\\"We expect Oracle Cloud Infrastructure revenue to grow 77% to $18 billion this fiscal year — and then increase to $32 billion, $73 billion, $114 billion, and $144 billion over the subsequent four years,\\" CEO Safra Catz said in a statement on Tuesday.

The stock's gain comes despite Oracle reporting earnings for the first quarter of its fiscal year 2026 that fell below Wall Street's expectations. The company reported revenue of $14.9 billion, slightly below the $15 billion expected by analysts polled by Bloomberg. The software giant's adjusted earnings per share of $1.47 also came in below the projected $1.48.

Oracle's optimistic revenue outlook came as it raised its RPO, or remaining performance obligation, the total value of contract revenue Oracle will deliver in the future, based on customer agreements.

\\"We signed four multibillion-dollar contracts with three different customers in Q1,\\" Catz said in a statement Tuesday. Catz said this resulted in the company's contract backlog increasing 359% to $455 billion in its first quarter. The executive added that the company expects to sign up several additional multibillion-dollar customers and for its RPO to exceed half a trillion dollars.

Read more here.

Automation software provider UiPath (PATH) said its agentic AI automation platform saw momentum in the second quarter, leading it to issue better-than-expected third quarter guidance.

In the third quarter, UiPath expects revenue in the range of $390 million to $395 million, which has a midpoint above the $345 million to $350 million expected by Wall Street.

For the quarter that just passed, UiPath reported revenue of $361.7 million, compared to analyst estimates of $347.3 million, representing 14.4% annual growth. Adjusted earnings per share were $0.15, compared to analyst estimates of $0.08.

UiPath shares added 2% in after-hours trading following the results.

Reuters reports:

Broadcom forecast fourth-quarter revenue above Wall Street estimates on Thursday, bolstered by strong demand for its custom AI chips as enterprise clients invest heavily in data centers and machine learning applications.

Shares of the company were up 1.6% in extended trading.

Broadcom has been one of the biggest beneficiaries of the generative artificial intelligence boom with hyperscale customers, including Google, adopting its custom accelerators due to their ability to process large quantities of data quickly.

\\"We expect growth in AI semiconductor revenue to accelerate to $6.2 billion in Q4,\\" said Broadcom CEO Hock Tan.

The company expects fourth-quarter revenue to be around $17.4 billion, compared with analysts' average estimate of $17.01 billion, according to data compiled by LSEG.

Read more here.

DocuSign (DOCU) reported an earnings beat and revenue outlook raise on Thursday. The stock rose 6% after hours.

Earnings of $0.31 per share on $800.6 million in revenue topped Wall Street analyst estimates, which were for $0.27 per share on $780 million in revenue.

\\"Q2 was an outstanding quarter, with AI innovation launches and recent go-to-market changes leading to strong performance across the eSignature, CLM, and IAM businesses,\\" CEO Allan Thygesen said. \\"Q2 business results outperformed, leading to one of Docusign's highest growth and profitability quarters in recent years.\\"

The company raised its annual outlook. In the October quarter, it expects to bring in revenue of $804 million to $808 million. For the full year, it now sees revenue in a range of $3.18 billion to $3.2 billion.

Lululemon (LULU) stock plunged 13% after the athleisure maker reported a same-store sales decline in the US. The company also lowered its annual forecas, noting that it's \\"navigating industry-wide challenges, including higher tariff rates.\\"

Overall net revenue increased 7% to $2.5 billion, with uneven gains split between its Americas business and international business. In the second quarter, same-store sales in the Americas decreased 4%, while international comparable sales increased 15%.

Diluted profits of $3.10 per share beat estimates for $2.85 per share, according to S&P Global Market Intelligence.

\\"While we continued to see positive momentum overall in our international regions in the second quarter, we are disappointed with our U.S. business results and aspects of our product execution,\\" lululemon CEO Calvin McDonald said. \\"We have closely assessed the drivers of our underperformance and are continuing to take the necessary actions to strengthen our merchandise mix and accelerate our business.\\"

Lululemon revised its full-year outlook lower, saying it now expects net revenue to be in the range of $10.85 billion to $11 billion, representing growth of 2% to 4%. It previously forecast revenue of $11.15 billion to $11.3 billion, representing growth of 5% to 7%.

Diluted earnings per share are now expected to be between $12.77 and $12.97 for the year instead of $14.58 to $14.78 per share.

C3.ai (AI) stock dropped 13% in premarket trading on Thursday after the artificial intelligence application company widely missed Wall Street estimates and reported declining revenue year over year.

Here's what C3.ai reported on the top and bottom lines:

Revenue: $70.3 million, a 19% decrease from $87.2 million in the same period last year.

Net loss per share: $0.86, greater than the $0.50 loss per share a year ago.

C3.ai warned about its drop in revenue in August as the company undergoes a structural reorganization and as its CEO, Tom Siebel, has been grappling with health issues.

To that point, the company announced that it appointed Stephen Ehikian as CEO starting Sept. 1, replacing Siebel, who will stay on as executive chairman. Ehikian is an enterprise software entrepreneur who recently served in the Trump administration, implementing the AI action plan, as acting administrator of the US General Services Administration.

In the fiscal first quarter, C3.ai said it closed 12 agreements across the federal sector, accounting for 28% of total bookings.

For the fiscal second quarter, C3.ai expects revenue of $72 million-$80 million, below the $84.5 million Wall Street was looking for, per S&P Global Market Intelligence. The company withdrew its earnings guidance for the full fiscal year 2026.

American Eagle Outfitters (AEO) forecasts for sales topped Wall Street estimates, as the clothing retailer applauded the impact of high-profile ad campaigns on demand.

The company expects quarterly comparable sales to rise slightly, versus the 0.3% drop seen by analysts. For the year, it expects comparable sales to come in flat, where estimates were for a 1.1% decline.

Shares of American Eagle Outfitters (AEO) shot up nearly 24% in premarket trading after the earnings report release late Wednesday.

American Eagle's CEO Jay Schottenstein credited high-profile ads featuring actor Sydney Sweeney and National Football League (NFL) star Travis Kelce with spurring demand for its jeans and apparel.

“The fall season is off to a positive start. Fueled by stronger product offerings and the success of recent marketing campaigns with Sydney Sweeney and Travis Kelce, we have seen an uptick in customer awareness, engagement and comparable sales,” Schottenstein said in the results release.

Reuters reports:

American Eagle's push to partner with celebrities comes at a time when US retailers are grappling with weak discretionary spending on clothing and accessories among other non-essentials amid broader economic uncertainty. ...

\\"A 25% percent leap [in share price] also bakes in a lot of faith that the celebrity-fuelled demand burst holds through the holiday seasons, which makes the move partly victory lap and partly future perfect tense,\\" said Michael Ashley Schulman, partner and CIO at Running Point Capital Advisors.

Read more here.

Hewlett Packard Enterprise Company (HPE) earnings and revenue topped Wall Street forecasts, but its current quarter guidance came in lighter than expected. Shares fell less than 2% in after-hours trading.

In its fiscal third quarter, HPE reported earnings of $0.44 per share, beating estimates for $0.43. Revenue grew 18% to $9.14 billion, above estimates for $8.65 billion.

Looking ahead, HPE expects profits of $0.56 to $0.60 per share in the fiscal fourth quarter, which has a midpoint below expectations. The company also raised its full-year profit guidance to a midpoint of $1.90.

Investors continue to monitor HPE's margins. While the company's revenue has seen an inflection in recent quarters due to the demand for AI server equipment, the high cost of chips and other materials has weighed on the profitability of HPE's server business.

In its server segment, HPE reported a 6.4% operating profit margin, compared to 10.8% from the prior-year period.

Figma (FIG) stock tanked 10% after the design software company posting a second quarter revenue beat and breakeven earnings in its first quarterly report since going public.

Second quarter revenue jumped 41% to $249.6 million, beating the estimate of $248.8 million. For the third quarter, Figma expects revenue to be between $263 million and $265 million, above analyst estimates.

Reuters reports:

Figma on Wednesday forecast full-year revenue above Wall Street expectations in its first financial report as a public company, highlighting strong demand for its artificial intelligence-powered design tools.

The company delivered a blowout debut in July, as investors rallied behind its new product lineup, revenue growth and potential to capture a large share of the design software market.

Figma's strategy to incorporate every aspect of product development — from ideation to coding and shipping — into its software has made it an attractive option for companies such as Netflix and freelancers to create their own platforms.

The company expects fiscal 2025 revenue to be between $1.02 billion and $1.03 billion, compared with analysts' average estimate of $1.01 billion, according to data compiled by LSEG.

Read more here.

Salesforce (CRM) stock fell as much as 5% after hours after the company reported results in line or slightly better than estimates that failed to wow investors looking for big AI gains.

For the quarter, Wall Street was looking for Salesforce's artificial intelligence efforts to show broader adoption — and monetization. Year to date, the stock has underperformed with a 23% loss.

Salesforce did beat Wall Street estimates and show steady growth: Revenue climbed 9.7% year over year to $10.24 billion, slightly above analyst expectations for $10.13 billion. Adjusted earnings per share of $2.91 were also above estimates for earnings of $2.78 per share.

For the 2026 fiscal year, Salesforce initiated revenue guidance of $10.24 billion to $10.29 billion and raised the low end of its full-year revenue guidance, which now stands in a range of $41.1 billion to $41.3 billion. Both of those outlooks represent single-digit growth, which lags in comparison to other large-cap tech and AI players.

“It’s not bad — no one is going to say these are bad numbers,” Jefferies senior analyst Brent Thill told Yahoo Finance in reaction to the results. “We’re just playing a relative game, where everyone else on a relative basis is way better.”

The cloud software provider also announced a $20 billion increase to its existing share buyback program, bringing the total to $50 billion.

Read more here.

Campbell's Co (CPB) forecast annual sales and profit below Wall Street estimates on Wednesday due to weak demand and higher costs from tariffs.

Reuters reports:

The maker of Goldfish crackers and Campbell’s soups said rising raw material costs, US import tariffs and retaliatory duties from the European Union and Canada will weigh on profitability.

The company has tried to reduce the impact through inventory management, alternative sourcing, and selective price increases.

Consumers have pulled back on snacking, seeking better deals and more nutritious options after years of price increases. Mainstream brands at packaged food rivals Kraft Heinz (KHC) and Conagra have also seen softer demand in recent quarters.

Read more here.

Cloud security provider Zscaler (ZS) reported annual revenue above Wall Street estimates on Tuesday, which sent its stock nearly 2% higher in premarket trade on Wednesday.

The company posted earnings of $0.89 per share on revenue of $719.2 million, compared to analysts' estimates for $0.80 per share and $706.9 million in revenue.

From Reuters:

A rise in cybercrime and hacks, coupled with the rapid adoption of generative artificial intelligence, have prompted companies to increase investments in cybersecurity to safeguard their digital infrastructure and sensitive data.

Zscaler, which primarily competes in the fast-growing secure access secure edge (SASE) market, closed its $675 million acquisition of Red Canary in early August, expanding its capabilities and positioning itself more competitively in the AI-driven security market.

\\"We are rapidly expanding our AI security portfolio to address the emerging risks of AI models and applications,\\" CEO Jay Chaudhry said in a statement.

Read more here.

Reuters reports:

Dollar Tree (DLTR) raised its annual sales and profit forecasts on Wednesday as more Americans across income categories shop for cheaper groceries, apparel and home decor items at its stores.

Shares of Dollar Tree, which sold its less-profitable Family Dollar banner for $1 billion earlier this year, rose about 1% in premarket trading. They have nearly doubled in value so far this year.

Dollar Tree's lower price points - about 85% of items at its stores are priced under $2 - and smaller pack sizes helped the company attract value-seeking middle- and higher-income consumers, apart from its core lower-income consumer.

Peer Dollar General also raised its annual targets last week, betting on demand from consumers across the board as tariff-related uncertainty and sticky inflation squeeze household budgets.

Read more here.

Macy’s (M) raised its fiscal year outlook on Wednesday after posting better-than-expected quarterly results across the board, with same-store sales growth a bright spot.

While revenue and adjusted earnings fell, both came in higher than Wall Street had forecast. Shares in the retail giant jumped more than 12% in premarket trading after the earnings report.

Macy's second quarter revenue fell 2.53% to $4.81 billion but topped expectations of $4.71 billion, per Bloomberg consensus data. Adjusted earnings per share declined 41% to $0.41, compared to expectations of $0.18.

Same-store sales increased 1.9%, marking the company's best growth in 12 quarters. Analysts had forecast a decline of 0.51%. At the 125 stores where Macy's has recently invested in improving merchandise and service, same-store sales grew 1.4% overall.

Its luxury chain Bloomingdale's and cosmetics retailer Bluemercury booked gains in same-store sales of 3.6% and 1.2%, respectively.

These results led the company to raise its outlook when it comes to net sales, comparable sales and adjusted earnings guidance.

\\"Our teams achieved better than expected top- and bottom-line results during the second quarter ... reflecting the strong performance in Macy’s Reimagine 125 locations, Bloomingdale’s and Bluemercury,\\" Macy’s chairman and CEO Tony Spring said in the results release.

Spring said Macy's performance benefited from its turnaround plan and from its being \\"multi-brand, multi-category, omni-channel retailer.\\"

Macy's now projects revenue to be in the range of $21.15 billion to $21.45 billion, slightly higher than the previous range of $21 billion to $21.4 billion. For 2025, same-store sales are expected to decrease by between 0.5% and 1.5% year over year. It previously expected that the lower end would be down 2.0%.

Adjusted earnings are now also expected to be higher, between $1.70 to $2.05, compared to the previous range of $1.60 and $2.00.

\\"We think this was a strong performance in a tough operating environment,\\" CFRA analyst Zachary Warring said in a note to clients.

Macy's stock is under pressure, down nearly 19.5% year-to-date prior to Wednesday's open, compared to the S&P 500's 9% gain, as the retailer faced ongoing pressure around tariffs and from an activist investor, as well as moved forward with the turnaround which included closing stores.

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