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.

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.

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.

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.

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.

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.