Workday reported its Q1 fiscal 2027 results, highlighting that subscription revenue in Q1 was $2.354 billion, up 14%.

Total revenue in Q1 was $2.542 billion, a growth of 13%.

The company reported non-GAAP operating income for the first quarter was $809 million, representing a non-GAAP operating margin of 31.8%.

Free cash flow for the quarter was $616 million, growth of 46%.

The 12-month subscription revenue backlog, or cRPO, was $8.81 billion at the end of Q1, growing 15.5%.

Chief Executive Officer Aneel Bhusri highlighted that Q1 was the best first quarter of new ACV growth in 5 years.

Management emphasized three simplified priorities to build and deliver the AI future, grow with our customers, and live our values.

The company noted new ACV from Agentic AI products grew more than 200% year-over-year in Q1. Workday also highlighted its Flex Credits pricing model, which unifies AI monetization across agents, AI APIs and data cloud.

Looking ahead, Workday reiterated its FY 27 subscription revenue outlook of $9.925 billion to $9.950 billion, representing a growth of 12% to 13%.

The company increased its FY 27 non-GAAP operating margin guidance to 30.5%.

Workday maintained its FY 27 free cash flow outlook of $3.180 billion, growth of 15%.

For Q2 FY 27, management expects subscription revenue to be approximately $2.455 billion, a growth of 13%, and a Q2 non-GAAP operating margin of approximately 30%.In product announcements, Workday launched Sana Travel Agent to bring business travel planning, booking and expenses into a single conversational experience.

The company also announced Sana for ITSM to automate workflows for employee on and offboarding, access changes and everyday IT requests.

Furthermore, management noted that Workday recognition powered by Achievers is live, and the company expanded its Workday Wellness program with Morgan Stanley at Work and PerkSpot.

Zoom Communications, Inc. reported its first quarter fiscal year 2027 financial results, noting that in Q1 total revenue grew 5.5% year-over-year to $1.24 billion.

The enterprise segment saw revenue growing 7.2% year-over-year, representing 61% of total Q1 revenue.

Non-GAAP income from operations grew 9% year-over-year to $509 million, which yielded a non-GAAP operating margin of 41.1% for Q1. Non-GAAP diluted net income per share in Q1 increased to $1.55, and the company generated $500 million in Q1 free cash flow.

Additionally, the company announced that its Board authorized an incremental $1 billion share repurchase.

Management outlined three primary priorities: elevating workplace with AI, driving growth in new AI revenue streams, and scaling AI-first customer experience.

The company highlighted its shift toward becoming a system of action, noting the appointment of Russell Dicker as Chief Product Officer to help drive the AI-first roadmap. In product news, AI Companion usage scaled with paid monthly active users growing 184% year-over-year.

The new My Notes product surpassed 1.5 million monthly active users, excluding trial users, just four months after launch.

The company also detailed customer wins with organizations like Chelsea FC and Caliber Collision adopting Zoom Phone and Zoom Contact Center solutions.

For the second quarter, Zoom expects revenue to be in the range of $1.265 billion to $1.27 billion and non-GAAP operating income to be in the range of $508 million to $513 million.

The outlook for Q2 non-GAAP earnings per share is $1.45 to $1.47.

For the full fiscal year 2027, the company raised its guidance, expecting revenue in the range of $5.08 billion to $5.09 billion and non-GAAP operating income in the range of $2.065 billion to $2.075 billion.

Full year non-GAAP earnings per share guidance was increased to $5.96 to $6, and free cash flows for the full fiscal year 2027 are expected to be in the range of $1.7 billion to $1.74 billion.

For the second quarter, Deere reported that "Net sales and revenues were up 5% to $13.369 billion, while net sales for the equipment operations were up 5% to $11.778 billion". Management noted an "equipment operations margin of 16.9%". For the quarter, "Net income attributable to Deere & Company was $1.773 billion or $6.55 per diluted share". The company also "recognized a recovery of $272 million related to refund claims associated with IEFA tariffs" which benefited production costs for the quarter.

Executives stated that the results reflected a "strong diversified portfolio of businesses" and noted that "we are delivering double-digit margins across all segments". Regarding the agricultural market, management stated their "baseline view remains that 2026 will represent the bottom of the ag cycle". The company also detailed progress on managing equipment levels, noting that new "Inventories for both high horsepower tractors and combines are down more than 50% from their mid-2024 peak". During the quarter, the company "returned $635 million to shareholders through a combination of share repurchases and dividends".For fiscal year 2026, management stated that "our net income forecast remains unchanged between $4.5 billion and $5 billion". The guidance for full year cash flow from the equipment operations "remains projected between $4.5 billion and $5.5 billion". By segment for the full year, net sales for Production and Precision Ag are forecast to be "down between 5% to 10%", Small ag and turf net sales are expected to be "up approximately 15%", and Construction & Forestry net sales are "now forecasted to be up approximately 20%".The company highlighted continued investment in domestic manufacturing, noting they "recently started building Deere-designed excavators in Kernersville, North Carolina following a $70 million expansion investment". In agricultural technology, management discussed progress with their "partnership with Starlink for satellite-based connectivity", noting they have "sold more than 12,500 JDLink Boost kits". The company also highlighted new offerings including "burrow optimization through our exact depth solution" and "FurrowVision technology", as well as advancements in "See & Spray Green on Green" capabilities.

Intuit reported third quarter fiscal 2026 financial results with revenue of $8.6 billion, up 10% for the quarter. GAAP operating income for the quarter was $4 billion versus $3.7 billion last year, and non-GAAP operating income was $4.7 billion versus $4.3 billion last year. GAAP diluted earnings per share for the quarter was $11.09 versus $10.02 a year ago, and non-GAAP diluted earnings per share was $12.80 versus $11.65 last year.

Management highlighted momentum in its growth engines, noting that assisted tax, its money portfolio, and the mid-market all grew north of 30%.

The company faced headwinds with the most price-sensitive segment of DIY tax filers earning less than $50,000 a year, prompting a shift in its business model to better serve simple filers and monetize beyond tax using its broader consumer platform.

Intuit also announced a decision to reduce its full-time workforce by 17% to simplify its organizational structure and become a faster, leaner, and more focused company.

During the quarter, the company launched QuickBooks Free and QuickBooks Light to provide a low-friction entry point for early-stage businesses.

Looking ahead to August, Intuit is launching a sweeping expansion and a new lineup of its AI-driven expert platform, which will introduce a consumption-based pricing model for its AI and human intelligence services.

Intuit raised its total company guidance for revenue and all non-GAAP metrics for the full fiscal year.

Full-year fiscal 2026 guidance includes total company revenue of $21.341 billion to $21.374 billion, representing growth of 13% to 14%.

For the fourth quarter of fiscal 2026, guidance includes total company revenue growth of 11% to 12%, GAAP earnings per share for the quarter of $0.73 to $0.79, and non-GAAP earnings per share of $3.56 to $3.62.

Lowe's Companies, Inc. reported first quarter sales of $23.1 billion, with comparable sales increasing 0.6%.

The company generated GAAP diluted earnings per share of $2.90 and adjusted diluted earnings per share of $3.03 for the quarter.

Gross margin for the first quarter was 32.7%, and the adjusted operating margin rate was 11.5%.

Additionally, the company generated $2.8 billion in free cash flow in the first quarter.

Management highlighted that positive comparable sales for the quarter were driven by strong execution during the spring season and the SpringFest event, despite winter storms in February.

The company continues to advance its Total Home strategy, achieving 15.5% sales growth online and maintaining momentum in the Pro and Home Services segments.

Management also discussed perpetual productivity improvement initiatives, leveraging AI tools like the Mylow shopping assistant and Mylow companion for associates to drive productivity and enhance the customer experience.

During the quarter, Lowe's launched HomeCare+, a subscription service offering routine home maintenance tasks exclusively for MyLowe's Rewards members.

The company also rolled out an AI-enabled tool for materials lists that converts formats like photos or handwritten notes into actionable quotes for Pro customers.

Other highlights included offering free same-day delivery for purchases over $25 for loyalty members, an upcoming limited edition Messi inflatable as part of a partnership with Lionel Messi, and a $250 million investment by the Lowes Foundation to train skilled tradespeople.

For the full fiscal year 2026, Lowe's affirmed its outlook, expecting sales in the range of $92 billion to $94 billion and comparable sales in a range of flat to up 2%.

Management anticipates a full year adjusted operating margin in a range of 11.6% to 11.8% and full year adjusted diluted earnings per share of approximately $12.25 to $12.75.

Capital expenditures are expected to be up to $2.5 billion for the year.

NVIDIA Corporation reported its first quarter fiscal 2027 financial results, delivering total revenue of $82 billion, which was up 85% year-over-year and 20% sequentially.

Data center revenue of $75 billion was up 92% year-over-year and 21% sequentially.

The company generated record free cash flow of $49 billion for the first quarter, up from $35 billion in Q4. GAAP gross margin was 74.9% and non-GAAP gross margin was 75%.

The company also returned a record $20 billion to shareholders and announced an $80 billion share repurchase authorization.

Management introduced a new reporting framework comprising data center and edge computing market platforms to better reflect growth drivers.

The data center segment now reports hyperscale and ACIE, which stands for AI clouds, industrial, and enterprise.

Executive leadership emphasized that the build-out of AI factories is accelerating, driven by the transition to GPU-based computing and the rising adoption of agentic AI. The company highlighted that its Vera CPU opens a brand-new 200 billion TAM for NVIDIA, representing a market they have never addressed before.

The company announced several deepening partnerships and product deployments, including expanding Anthropic's compute capacity. AWS will add more than 1 million Blackwell and Rubin GPUs starting this year. In edge computing, a partnership with Uber will power a Robotaxi fleet across nearly 30 cities and 4 continents by 2028.

Management confirmed they are on track to commence production shipments of Vera Rubin in the second half of the year, starting in Q3.For the second quarter, NVIDIA expects total revenue to be $91 billion, plus or minus 2%, driven primarily by the data center segment. GAAP and non-GAAP gross margins for the second quarter are expected to be 74.9% and 75%, respectively, plus or minus 50 basis points.

For the full year 2027, the company expects GAAP and non-GAAP tax rates to be between 16% and 18%.

Management also stated they have full confidence in the $1 trillion in Blackwell and Rubin revenue they foresee from 2025 through calendar 2027.

For the first quarter, management stated that "Consolidated revenue in constant currency increased nearly $10 billion". They reported "First quarter adjusted operating income growth in constant currency of approximately 5%" alongside a "gross margin expansion of 29 basis points". The company noted it absorbed "approximately $175 million or about 250 basis points of operating income growth from higher-than-planned fuel costs".Key business updates highlighted that "Enterprise e-commerce sales grew 26%" and "3P marketplace sales growth in the U.S. reached the highest level in 2.5 years". Management mentioned that "our advertising business had one of its best quarters growing 37% globally". Delivery capabilities expanded, with executives noting that "More than 36% of all U.S. store-fulfilled deliveries in the quarter were delivered in less than 3 hours" and "sales utilizing store fulfilled delivery have more than doubled over the past 2 years". The company also highlighted its value proposition, maintaining "about 7,200 rollbacks in place".Product and platform updates included strong growth for the AI shopping agent, "Sparky", with management stating that "Weekly active users are up over 100% just in the last quarter" and "units purchased through Sparky have grown more than 4x the previous quarter". Private brands like "Great Value and Equate" continued to drive engagement, alongside a "recent refresh of great value". The company also reached a milestone when they "hit our 1 millionth drone delivery in Q1 for the life of that program".For forward guidance, management expects a "Q2 outlook of 4% to 5% growth" for sales and stated, "For Q2 operating income in constant currency, we expect growth of 7% to 10%". Quarterly earnings expectations are "EPS of $0.72 to $0.74". The company is "reiterating our full year guidance of constant currency sales growth between 3.5% and 4.5%" with "full year EPS in the range of $2.75 to $2.85".

During the first quarter, management reported that "net sales of $25.4 billion were 6.7% higher than last year." The company reported first quarter GAAP and adjusted EPS of $1.71.

First quarter gross margin rate was 29%, and the first quarter operating margin rate was 4.5%.

First-party digital sales grew nearly 9%, led by growth in same-day delivery of more than 27%. On the Target Plus third-party digital sales platform, the company saw nearly 60% growth in first quarter GMV.Management highlighted investments in its "Food Forward strategy" and a multiyear reinvention in its home categories. In the first quarter, the company opened seven new stores, including its 2,000th location, and has over 100 remodels underway this year. To support its "stores as hub fulfillment model," Target invested in upstream facilities, opening a new receive center in Houston and a new food distribution center in Colorado.

Management is also investing hundreds of millions of dollars in payroll and training for store team members.

Target reported strong engagement from exclusive first quarter drops and partnerships with Parke, Roller Rabbit, Pokemon, and a K-Pop-BTS launch.

The company is also preparing for the fall launch of a "Target beauty studio" in more than 600 stores and is testing a new baby concierge service in 200 stores.

For its forward guidance, management stated they are "planning for a net sales increase in a range centered around 4%" for the full year.

Target previously provided a full year "EPS range of $750 million to $850 million" and is now "expecting to end the year near the high end of that range." The company also continues to expect about $5 billion of capital expenditures for the full year.

CAVA Group, Inc. reported first quarter 2026 revenue of $434.4 million, representing a 32.2% increase year-over-year.

Same-restaurant sales increased 9.7%, driven by traffic growth of 6.8%.

The company reported net income of $23.6 million for the first quarter and diluted EPS of $0.20.

Adjusted EBITDA for the quarter was $61.7 million, a 37.6% increase over the prior year period. CAVA restaurant level profit was $108.9 million, or 25.1% of revenue.

The company opened 20 net new restaurants during the quarter, ending the period with 459 total locations.

Key strategic updates included the launch of Cavacor, a modern data platform, and Cava current, a modular real-time commerce platform designed to integrate AI into operations.

Management also highlighted the expansion of the Assistant General Manager position through the Flavor Your Future initiative, which is now in place in over 50% of restaurants to support leadership development and operational integrity.

Culinary innovation was marked by the nationwide launch of Pomegranate salmon, the company's first seafood offering, and the seasonal return of roasted white sweet potato.

For the full year 2026, CAVA raised its guidance to expect 75 to 77 net new restaurant openings and same-restaurant sales growth of 4.5% to 6.5%.

Management projects full year adjusted EBITDA between $181 million and $191 million and common restaurant level profit margin between 23.7% and 24.3%.

The Home Depot, Inc. reported sales for the first quarter were $41.8 billion, representing an increase of 4.8% from the same period last year.

Total company comparable sales for the first quarter increased 0.6% and U.S. comparable sales increased 0.4%.

Diluted earnings per share for the first quarter were $3.30, and adjusted diluted earnings per share were $3.43.

The company reported a gross margin of 33% for the first quarter, which was a decrease of approximately 75 basis points from the first quarter of last year.

Operating margin for the first quarter was 11.9%.

Management stated they remain focused on their strategy of driving our core and culture delivering a frictionless interconnected experience and winning the Pro.

The company announced the completed acquisition of Mingledorffs, a wholesale distributor of heating, ventilation and air conditioning equipment. To improve customer service, the company has transitioned over 1,000 stores to distinct merchandising execution teams.

Digital initiatives include an AI-powered material list builder and a project management tool within the Pro digital workspace that allows for real-time delivery tracking and purchase history viewing.

The company reaffirmed its fiscal 2026 guidance, expecting total sales growth of between approximately 2.5% and 4.5% and comparable sales growth to range between flat to 2% growth.

For the full fiscal year, the company expects adjusted diluted earnings per share to increase approximately flat to 4%.

The Home Depot plans to open approximately 15 new stores and 40 to 50 new SRS locations during the fiscal year.

Executives noted that underlying demand in the first quarter was relatively similar to fiscal 2025 despite consumer uncertainty and housing affordability pressure.