For the fourth quarter, Adobe achieved revenue of $6.19 billion. GAAP EPS in Q4 was $4.45 and non-GAAP EPS was $5.50.

For fiscal year 2025, Adobe delivered record revenue of $23.77 billion and over $10 billion in operating cash flows.

Management stated that Total Adobe ending ARR reached $25.2 billion.

Management highlighted the integration of generative AI across its product portfolio, targeting Business Professionals and Consumers, Creators and Creative Professionals, and Marketing Professionals.

Executive Vice President and CFO Dan Durn noted, "Total new AI-influenced ARR now exceeds 1/3 of our overall book of business". President of Digital Media David Wadhwani discussed expanding the ecosystem of AI model partnerships, stating that consumption of Generative Credits increased 3x quarter-over-quarter.

President of Digital Experience Anil Chakravarthy emphasized the enterprise content supply chain, noting that GenStudio solution ending ARR grew over 25% year-over-year.

The company provided fiscal 2026 targets, including Total Adobe revenue of $25.9 to $26.1 billion and Total Adobe ending ARR book of business growth of 10.2%.

For the first quarter of fiscal 2026, the company is targeting Total Adobe revenue of $6.25 billion to $6.3 billion.

Adobe also announced the intent to acquire Semrush Holdings for an equity value of approximately $1.9 billion in an all-cash transaction, which is expected to close in the first half of fiscal 2026.

For the fourth quarter, executives reported that "Net sales increased 5.9% to $10.9 billion in Q4" and "Same-store sales increased 4.3% during the quarter". Management highlighted that "For Q4, gross profit as a percentage of sales was 30.4%, an increase of 105 basis points". Additionally, "Operating profit for the fourth quarter increased 106% to $606 million" and "EPS for the quarter increased 122% to $1.93". For the full year, the company reported, "In 2025, we generated significant cash flow from operations of $3.6 billion".Key business updates focused on four strategic growth pillars: "enhancing the customer experience, elevating our brand, driving greater enterprise-wide efficiencies and extending our reach". The company continues to elevate its brand through mature store investments centered around "2 established remodel programs, Project Renovate and Elevate". On the digital front, executives noted that "delivery sales contributed approximately 80 basis points to our comp sales growth of 4.3% in Q4" and highlighted their "DG Media Network strategy" which delivered "approximately $170 million in retail media network volume" for the year.

Regarding forward guidance, management stated, "for 2026, we expect net sales growth in the range of 3.7% to 4.2%, same-store sales growth in the range of 2.2% to 2.7% and EPS in the range of $7.10 to $7.35". They also noted, "We expect capital spending in the range of $1.4 billion to $1.5 billion" for the year.

For the first quarter, the company expects "Q1 comp sales to be in the low 2% range" following negative impacts from winter storms, and for the full year 2026 anticipates "modest SG&A deleverage" alongside an effective tax rate of approximately 25 percent.In product and partnership updates, Dollar General plans to capitalize on discretionary categories and "launch at least 15 new brands in nonconsumable categories in 2026," building on the previous success of brand expansions with "Dolly Parton, Kathy Ireland and others". The company also expanded its delivery reach, noting they are "now delivering customers through approximately 18,000 stores and with our own myDG delivery offering as well as through third-party partners, DoorDash and Uber Eats".

Oracle Corporation reported Q3 2026 results highlighting that both organic total revenue and organic non-GAAP EPS grew at 20% or better in USD. Management noted that cloud applications revenue was up 11% in the quarter, reaching an annualized run rate of $16.1 billion.

Multicloud Database revenue grew 531% year-over-year, and AI infrastructure revenue grew 243% year-over-year.

The company reported a $553 billion RPO and stated that gross margin for AI capacity delivered in Q3 remained above guidance at 32%.

Key business updates included the rapid adoption of AI coding tools, enabling small engineering teams to build three new CX applications.

Oracle has delivered well over 1,000 AI agents inside its horizontal back office and industry applications. In the AI infrastructure segment, the company delivered more than 400 megawatts to customers in Q3. Management also noted they have signed more than $29 billion of contracts using a new business model involving bring your own hardware and upfront customer payments to grow AI infrastructure without negative cash flow.

Oracle achieved global region coverage in its partner clouds, with 33 regions live with Microsoft, 14 live with Google, and 8 live with AWS. The company announced it now holds a 15% equity stake in the independent TikTok U.S. company.

Additionally, Oracle raised $30 billion through investment-grade bonds and mandatory convertible preferred stock.

For forward guidance, management stated they are confidently raising their FY 27 forecast and expect to exit Q4 with 22 AWS regions live.

Costco Wholesale Corporation reported net income for the second quarter of 2026 at $2.035 billion, or $4.58 per diluted share.

Net sales for the second quarter were $68.24 billion, which represents an increase of 9.1 percent from the second quarter of 2025.

Comparable sales were up 7.4 percent.

The company reported membership fee income of $1.355 billion, an increase of 13.6 percent year-over-year.

The quarter ended with 82.1 million total paid members and 4.4 million paid executive memberships.

Management highlighted several key business priorities, including increasing the pipeline of new warehouses domestically and internationally.

The company expects to have 28 net new openings in fiscal year 2026 and is targeting 30-plus new openings per year in the coming years. In digital and warehouse operations, the company is piloting automated pay stations that allow members to pay seamlessly, with an average transaction time of around 8 seconds.

Additionally, personalized product recommendation carousels drove over $470 million of e-commerce sales in the second quarter.

Looking ahead, the company estimates full-year capital expenditure will be approximately $6.5 billion to support a larger pipeline of new warehouses, remodeling existing locations, expanding the depot network, and enhancing the digital experience.

Management noted that egg price deflation is expected to continue to be a headwind to sales in food and sundries for the foreseeable future.

Furthermore, they indicated that the situation in the Middle East could impact fuel costs and shipping schedules if there is instability in the region for a sustained period of time.

During the quarter, Costco lowered prices on several Kirkland Signature items, including butter, organic coconut water, and olive oil.

The company also launched approximately 30 new Kirkland Signature items, such as crispy wings and blackened salmon.

The pharmacy and food court businesses experienced double-digit comparable sales growth.

Same-day delivery services offered through Instacart, Uber Eats, and DoorDash continued to grow at a faster pace than overall digital sales.

Block reported fourth quarter 2025 results with $2.87 billion in gross profit, representing 24% year-over-year growth.

For the full year 2025, the company reported $10.36 billion in gross profit and growth of 17% year-over-year.

Block grew adjusted operating income 46% year-over-year to $588 million in the fourth quarter. On a per share basis, adjusted diluted EPS grew 38% year-over-year in the quarter.

Executives announced an organizational restructuring, reducing the workforce from over 10,000 people to just under 6,000.

This structural change is designed to increase velocity and leverage intelligence tools across the company. In terms of network growth, Cash App monthly actives reached 59 million in December, with primary banking actives growing 22% year-over-year to 9.3 million.

Meanwhile, Square accelerated its gross payment volume growth to 10% in 2025.

Block provided strong forward guidance for 2026, expecting year-over-year gross profit growth of 18% to $12.2 billion.

The company increased its guidance for 2026 adjusted operating income to $3.2 billion and adjusted diluted EPS to $3.66.

For the first quarter of 2026, Block expects year-over-year gross profit growth of 22% to $2.8 billion, adjusted operating income of $600 million, and adjusted diluted EPS of $0.67.

The company highlighted notable momentum with Cash App Borrow, which saw origination volume grow more than 3x year-over-year in the fourth quarter.

Block also launched Afterpay pre-purchase functionality on the Cash App Card in February and introduced Pay in 4 functionality for peer-to-peer transactions.

Looking ahead, Block is focused on scaling new intelligence products, including Moneybot, Managerbot, and Square AI for sellers.

In Q4, Okta closed a record amount of total contract value of nearly $1.3 billion and surpassed a major milestone of $3 billion in annual contract value.

The company ended the quarter with over $2.5 billion in cash, cash equivalents, and short-term investments.

Additionally, total contract value generated through AWS Marketplace grew over 45 percent in fiscal year 2026 to approximately $750 million. In January, the company repurchased and retired over 875,000 shares for a total cost of $79 million under a $1 billion share repurchase program.

Management highlighted strong performance from their portfolio of new products, which represented approximately 30 percent of Q4 bookings.

When these new products are included in a deal, the average contract uplift is approximately 40 percent.

Okta Identity Governance now has over 2,000 customers.

The company outlined its top priorities for fiscal year 2027, including securing agentic AI, increasing focus on large customers, and becoming the default identity security solution for the U.S. federal vertical and highly regulated industries.

The company introduced its newest products, Auth0 for AI Agents and Okta for AI Agents, designed to secure and govern the life cycle of AI agents.

Management emphasized that their neutral and independent identity solution is uniquely positioned to address the growing security threat represented by nonhuman identities.

Okta also announced a strategic decision to shift more professional services business to global system integrators to deepen partner relationships and increase business with large enterprises.

For the first quarter of fiscal year 2027, Okta expects total revenue growth of 9 percent, current RPO growth of 10 percent, non-GAAP operating margin of 23 percent to 24 percent, and free cash flow margin of 33 percent to 35 percent.

For the full year fiscal 2027, the company expects total revenue growth of 9 percent, non-GAAP operating margin of 25 percent to 26 percent, and a free cash flow margin of 27 percent to 28 percent.

Veeva Systems Inc. reported fiscal 2026 fourth quarter and full year financial results.

For the quarter, management stated that total revenue was $836 million with non-GAAP operating income of $366 million.

For the full year, total revenue reached $3.195 billion and non-GAAP operating income was $1.434 billion.

The company also announced it surpassed its $3 billion revenue run rate goal.

During the call, management provided updates on several key business initiatives, highlighting significant momentum with Vault CRM, noting that close to 140 customers are now live.

The company also announced a milestone deal with a top 20 life sciences company standardizing on its RTSM product.

Additionally, Veeva discussed its ongoing AI strategy, revealing plans to roll out agents across all product areas this year and introducing a token-based pricing model for these offerings.

Looking ahead, the company discussed its fiscal 2027 guidance, which incorporates a 13 percent total revenue growth starting point and anticipates continued healthy growth from the Crossix business.

Management also noted that CRM represents roughly 20 percent of total revenue today and is projected to account for about 10 percent by the 2030 time frame, while pulling the Veeva CRM end of support date into December 2029 to ensure no stragglers remain in 2

In Q1 2026, Broadcom reported consolidated revenue of a record $19.3 billion, up 29 percent year-on-year.

Gross margin was 77 percent of revenue. Q1 operating income reached a record $12.8 billion.

Adjusted EBITDA was a record $13.1 billion, representing 68 percent of revenue.

Free cash flow for the quarter was $8 billion, which represented 41 percent of revenue.

The Semiconductor Solutions segment generated a record $12.5 billion in revenue, while infrastructure software revenue was $6.8 billion.

During the call, management highlighted that the ramp of custom AI accelerators across their customers is progressing very well.

Broadcom now has six customers for custom AI XPUs, including Google, Anthropic, Meta, and OpenAI. AI networking revenue grew 60 percent year-on-year and represented one-third of total AI revenue, driven by demand for the Tomahawk 6 switch and 200G SERDES. Additionally, VMware Cloud Foundation was emphasized as the essential software layer in data centers.

The company has fully secured capacity for leading-edge wafers, high-bandwidth memory, and substrates for 2026 through 2028.

For Q2 2026, Broadcom issued guidance for consolidated revenue of approximately $22 billion, up 47 percent year-on-year, with adjusted EBITDA expected to be approximately 68 percent of revenue.

Second-quarter semiconductor revenue is forecast at approximately $14.8 billion, with AI semiconductor revenue expected to be $10.7 billion.

Looking further ahead, management stated they have line of sight to achieve AI revenue from chips in excess of $100 billion in 2

ImmunityBio, Inc. reported full year net product revenue for ANKTIVA of $113 million, representing a 700% year-over-year increase compared to $14.1 million in 2024. In the fourth quarter, net product revenue increased from $31.1 million to $38.3 million.

Full year research and development expenses were $218.6 million, and selling, general, and administrative expenses decreased to $150 million.

Full year net loss attributable to ImmunityBio common stockholders was $351.4 million.

The company reported consolidated cash, cash equivalent, and marketable securities of $242.8 million as of December 31, 2025.

The company highlighted the commercial momentum of ANKTIVA, which is now authorized across 33 countries.

Management introduced askIB, an internally developed artificial intelligence solution utilizing advanced large language models to integrate with the global enterprise application suite.

The company also discussed the NANT Leonardo platform for automated cellular manufacturing using artificial intelligence and machine vision.

The company stated it will not be providing forward financial guidance on the call.

However, management intends to submit a biologics licensing application for the BCG-naive indication in the fourth quarter of 2026.

ImmunityBio partnered with Accord Healthcare to support commercial launch across 31 countries in Europe, including the United Kingdom and all 27 European Union member states.

The company also announced partnerships with Biopharma and Cigalah to expand access across the Middle East and North Africa region following the Saudi FDA approvals of ANKTIVA for nonmuscle-invasive bladder cancer and metastatic nonsmall cell lung cancer.

CrowdStrike Holdings, Inc. reported fourth quarter fiscal 2026 total revenue of $1.31 billion, an increase of 23% over Q4 of last year.

The company posted record net new ARR of $330.7 million, bringing ending ARR to $5.25 billion.

Fourth quarter non-GAAP operating income reached a record $325.8 million, representing 25% of revenue.

Additionally, the company generated record free cash flow of $376.4 million, or 29% of revenue, for the quarter.

Full fiscal year 2026 non-GAAP operating income reached a record $1.05 billion.

Management emphasized the success of the Falcon Flex subscription model, noting the addition of more than 350 Flex customers in the fourth quarter to reach a total of over 1,600.

The company stated that 50% of subscription customers are now using 6 or more modules.

Chief Executive Officer George Kurtz highlighted that the company's endpoint business accelerated for the second consecutive quarter, driven by elevated demand for the Falcon platform amidst accelerating AI adoption.

For the first quarter of fiscal 2027, CrowdStrike expects total revenue between $1.360 billion and $1.364 billion, with non-GAAP income from operations in the range of $308 million to $310 million.

Full fiscal year 2027 guidance anticipates total revenue between $5.868 billion and $5.928 billion, and non-GAAP income from operations between $1.422 billion and $1.462 billion.

Management also indicated a change in the sales commission amortization expense period from 4 to 5 years starting in Q1, which is expected to benefit non-GAAP operating income by $85 million to $95 million for the full year.

The company shared details on its recent acquisitions of SGNL AI to provide zero standing privilege for all identities, and Seraphic to bring secure enterprise browser capabilities to the Falcon platform.

CrowdStrike also launched a new AIDR offering designed to give customers immediate visibility into employee usage of AI tools.

Regarding partnerships, management announced that CrowdStrike is now open for business on the Microsoft marketplace, allowing customers to utilize their Microsoft Azure consumption commitment dollars on Falcon.