GitLab Inc. reported its fourth quarter and fiscal year 2026 financial results, with management noting that Q4 revenue was $260 million, up 23% year-over-year.

For the full fiscal year 2026, revenue grew 26% to $955 million, and adjusted free cash flow grew 83% to $220 million.

Fourth quarter non-GAAP operating income was $53.4 million, representing an operating margin of 20.5%.

The company's Board also authorized a first-time share repurchase program of $400 million.

Management outlined five specific strategies to improve growth at scale for fiscal year 2027, which include reaccelerating first orders, scaling sales capacity, expanding product packaging, engaging price-sensitive customers, and executing an AI strategy.

The company is entering the new fiscal year with its highest sales capacity ever and has overhauled territory design. On the product front, the company launched the GitLab Duo agent platform in mid-January, which introduces usage-based pricing alongside the company's seat model.

For forward guidance, management expects first quarter fiscal year 2027 total revenue of $253 million to $255 million, representing approximately 18% to 19% year-over-year growth.

The company also expects first quarter non-GAAP operating income of $32 million to $34 million and non-GAAP net income per share of $0.20 to $0.21.

Management noted they are assuming minimal revenue contribution from the GitLab Duo agent platform in fiscal year 2027 as they allow time to convert pilots into production deployments.

For the fourth quarter of 2025, Sea Limited reported total GAAP revenue of 6.9 billion dollars, representing a 38 percent increase year-on-year, and total adjusted EBITDA of 787 million dollars.

For the full year of 2025, the company generated 22.9 billion dollars in total GAAP revenue, a 36 percent year-on-year increase, and full year net income reached 1.6 billion dollars.

Shopee achieved full year GMV of 127 billion dollars with an adjusted EBITDA of 881 million dollars.

The Money segment reported a full year revenue of 3.8 billion dollars, while Garena generated full year bookings of 2.9 billion dollars.

Management highlighted operational improvements across all three core businesses.

Shopee expanded its logistics and fulfillment capabilities, with its SPX Express processing over 30 million deliveries daily on average.

The Shopee VIP membership program was rolled out across all Asian markets, reaching over 7 million subscribers by year-end, and the company plans to launch the program in Brazil.

Shopee also deepened its content ecosystem through partnerships with YouTube and Meta, noting that orders driven by YouTube content more than tripled year-on-year in the fourth quarter.

The credit business grew to 9.2 billion dollars in consumer and SME loans principal outstanding while maintaining a 90-day nonperforming loan ratio of 1.1 percent.

For 2026, Sea Limited provided forward guidance for its e-commerce and digital entertainment segments.

Management stated they aim to grow Shopee GMV by about 25 percent year-on-year, with its full year adjusted EBITDA expected to be no lower than 2025 in absolute dollars.

For Garena, the company expects double-digit growth for 2026 and plans to extend its intellectual property collaborations, including a new Naruto release anticipated in the third quarter.

Financial results: Management reported a decline in sales for the fourth quarter, but successfully grew adjusted operating income dollars and adjusted EPS over the prior year. GAAP operating dollars and EPS were down a small amount in Q4 as the company recognized about $90 million of nonrecurring business transformation costs.

For the prior year, the gross margin rate was down about 30 basis points, aided by lower inventory shrink which delivered about 90 basis points of benefit.

Notably, same-day services generated more than $14 billion in sales last year.

Key business updates: Target is executing a strategic transformation with a more than $2 billion incremental investment this year.

This includes an additional $1 billion in capital for new stores and remodels, and another $1 billion reinvested into the P&L to elevate the guest experience.

Notable product initiatives include introducing Target Beauty Studio in 600 stores, launching a new style series in apparel, and expanding the Good & Gather food brand.

Management is also investing hundreds of millions of dollars to support additional store labor and training, alongside technology investments in AI to make search more conversational.

Forward guidance: For the full year 2026, Target expects to grow net sales in a range around 2% versus last year.

Management anticipates generating GAAP and adjusted EPS in a range from 7.50 to 8.50 in 2026.

The company plans approximately $5 billion in capital expenditures this year, supporting the opening of more than 30 new stores and the completion of more than 130 full-store remodels.

MongoDB reported total revenue of $695 million in the fourth quarter, representing a 27% increase year-over-year.

Atlas revenue grew 29% year-over-year, accounting for 72% of total revenue, while non-Atlas revenue grew 20% year-over-year.

The company delivered a non-GAAP operating margin of 23% and $159 million in income from operations.

Non-GAAP net income in the fourth quarter was $143 million, or $1.65 per share, and free cash flow was $177 million.

Management highlighted that the company signed several large deals, including an approximately $90 million transaction with a large technology company and a greater than $100 million transaction with a large financial institution for Enterprise Advanced. CEO CJ Desai outlined his priorities, including remaining customer-focused to accelerate growth, empowering product and engineering teams, scaling the self-serve motion, and driving operational excellence.

The company also announced go-to-market leadership changes, appointing Erica Volini as Chief Customer Officer and noting the upcoming departures of Cedric Pech and Paul Capombassis while the search for a new Chief Revenue Officer is in its final stages.

For the first quarter of fiscal 2027, management expects revenue of $659 million to $664 million and non-GAAP net income per share of $1.15 to $1.19.

For the full year fiscal 2027, the company guided for revenue of $2.86 billion to $2.9 billion and non-GAAP net income per share of $5.75 to $5.93. On the partnership front, management highlighted an expansion with Adobe, where MongoDB will underpin key initiatives including agentic experiences powered by Atlas Vector Search.

During the Q4 2025 earnings call, CEO Luis von Ahn reported that Duolingo surpassed 50 million daily active users and delivered over 1 billion in bookings and more than $300 million in adjusted EBITDA for the year.

Newly appointed CFO Gilian Munson announced that the Board authorized a buyback of up to $400 million of the company shares.

Management outlined a strategic shift for 2026, prioritizing the size of the active learner base over near-term monetization.

The medium-term goal is to reach 100 million daily active users in 2028. To achieve this, the company will focus on three categories: teaching languages better, improving the free user experience, and feeding new growth engines like the math, music, and chess subjects.

Regarding product updates, Duolingo Chess reached about 7 million daily active users in less than a year.

The company also plans to experiment with moving the video call feature into the Super Duolingo tier and rolling out a speaking adventures feature.

For forward guidance, management expects 2026 year bookings growth of 10 percent to 12 percent, revenue growth of 15 percent to 18 percent, and an adjusted EBITDA margin around 25 percent.

For Q1 2026, guidance includes 11 percent bookings growth, 25 percent revenue growth, and an adjusted EBITDA margin of 25.5 percent.

Zscaler, Inc. reported financial results for the second quarter of fiscal 2026. Revenue for the quarter was $816 million, which grew 26 percent year-over-year. Total annual recurring revenue was $3.4 billion, representing 25 percent year-over-year growth. For the quarter, non-GAAP operating income was $181 million, growing 29 percent year-over-year, with a non-GAAP operating margin of 22.2 percent. The company generated a free cash flow margin of 20.7 percent for the quarter and ended the period with $3.5 billion in cash, cash equivalents and short-term investments.
Management highlighted strong demand across three growth pillars, which include AI security, Zero Trust Everywhere, and Data Security Everywhere. The company discussed its newly introduced AI Protect solution for securing enterprise AI adoption, as well as its Z-Flex program which generated more than $290 million in total contract value during the quarter. Management noted that non-seat-based metered usage solutions delivered just over one quarter of new annual contract value. The company also announced the recent closures of its acquisitions of SquareX for browser security and Red Canary for agentic security operations, though management noted that Red Canary's churn has been elevated post acquisition.
For the third quarter of fiscal 2026, Zscaler expects revenue of $834 million to $836 million and an operating profit of $187 million to $189 million. For the full year fiscal 2026, the company guided for revenue of $3.09 billion to $3.322 billion, and total annual recurring revenue of $3.730 billion to $3.745 billion. Full year operating profit is expected to be $742 million to $748 million with a free cash flow margin of approximately 26.5 percent to 27 percent. Management stated they will continue to monitor the recent increases in memory, storage, and processor prices, which could become a factor in the future as they purchase equipment for data centers and branch appliances.

Natera reported fourth quarter 2025 financial results, generating "roughly $666 million of revenue in the quarter," representing "approximately 40% revenue growth over Q4 of 2024." The company achieved a "gross margin of 66.9% in the quarter" and "generated over $107 million in cash flow in 2025." Natera significantly narrowed its operating losses in Q4 and generated net income, supported by a balance sheet with "over $1 billion in cash and securities."
Management highlighted strong volume momentum, stating they "processed about 924,000 tests and set another record for MRD clinical unit growth with 225,000 tests processed in Q4." Notable product announcements included launching the "21-gene fetal focused single-gene NIPT test" and submitting their "first tissue free MRD assay" for colorectal cancer, LATITUDE, to MolDX. Natera also integrated "phased variants" technology into the Signatera platform following the acquisition of Foresight Diagnostics, driving detection thresholds to "unprecedented levels below one-fragmented tumor DNA in a background of 10 million normal copies."
For forward guidance, Natera expects "to generate between $2.62 billion and $2.7 billion in revenues" for 2026. The company guided for "gross margins between 63% and 65%" for the year. Management outlined their strategic approach by stating they are "holding SG&A stable while we make targeted investments in R&D with the expectation that we generate another strong cash flow year in 2026."

Intuit reported second quarter fiscal 2026 financial results with revenue of $4.7 billion, up 17% for the quarter. GAAP operating income for the quarter was $855 million, and non-GAAP operating income was $1.5 billion. GAAP diluted earnings per share for the quarter was $2.48, and non-GAAP diluted earnings per share was $4.15.
Management highlighted momentum across its platforms, noting that Online Ecosystem revenue for QBO Advanced and Intuit Enterprise Suite increased 40%. The company stated that total online payment volume grew 29% in the second quarter. Intuit is expanding its direct sales team by approximately 30% and noted that new Intuit Enterprise Suite contracts grew nearly 50% quarter-over-quarter. QuickBooks Live customer growth was over 50% in the second quarter. Within Mailchimp, revenue was down slightly versus a year ago, with expectations to return to double-digit growth sometime beyond fiscal 2026.
During the quarter, Intuit announced a multiyear partnership with Anthropic to advance personalized experiences using Anthropic's Claude Agent Builder. The company also launched all four of its apps in OpenAI's app directory. For products, Intuit launched a construction addition for Intuit Enterprise Suite, which is the first in a series of industry-specific AI-native ERP solutions designed for the mid-market.
Intuit reaffirmed its fiscal 2026 guidance, expecting total company revenue for the year of $20.997 billion to $21.186 billion, representing growth of 12% to 13%. For the third quarter of fiscal 2026, guidance includes total company revenue growth of 10%, GAAP earnings per share of $10.56 to $10.62, and non-GAAP earnings per share of $12.45 to $12.51.

Ginkgo Bioworks Holdings, Inc. reported its fourth quarter 2025 financial results.

Cell engineering revenue was $26 million in the fourth quarter of 2025, down 26 percent compared to the fourth quarter of 2024.

For the full year, cell engineering revenue was $133 million in 2025.

The biosecurity business generated $7 million of revenue in the fourth quarter and $37 million of revenue in the full year 2025.

Total adjusted EBITDA in the fourth quarter of 2025 was negative $36 million, and cash burn in the fourth quarter of 2025 was $47 million.

Management stated that the technological and business focus for 2026 will be on investing in the category of autonomous labs. To facilitate this focus, the company announced it will be divesting its biosecurity business into a separate private entity where Ginkgo will hold a minority position.

The company plans to systematically decommission traditional lab benches and move more work onto a single large autonomous lab, aiming to grow from 50 racks to 100 racks by the first half of the year.

For forward guidance, management noted they will not be providing revenue guidance for 2026, but expect overall cash burn guidance to be in the range of $125 million to $150 million.

The company also announced a new $47 million contract with the Department of Energy to build a 97 robot autonomous lab at Pacific Northwest National Labs.

Additionally, management highlighted a project with OpenAI using GPT 5 as an AI scientist to design experiments submitted to the autonomous lab.

Dell Technologies Inc. reported its fiscal year 2026 fourth quarter results, stating that Q4 revenue was $33.4 billion, up 39 percent, and earnings per share was $3.89, up 45 percent. For the full year, the company reported that revenue reached $113.5 billion, up 19 percent, and EPS grew 27 percent to $10.30. Management also noted that they delivered cash flow from operations of $4.7 billion for the quarter. Gross margin dollars increased 18 percent to $6.8 billion, with the gross margin rate at 20.5 percent for the quarter.

During the call, executives highlighted significant acceleration in their artificial intelligence business. The company reported that in Q4, they booked $34.1 billion in AI orders and shipped $9.5 billion in shipments in the quarter. They noted exiting the year with a "record $43 billion in AI backlog". The Infrastructure Solutions Group saw record revenue of $19.6 billion, up 73 percent for the quarter. To navigate the dynamic component environment, management emphasized their strategic advantages, stating their direct model, world-class supply chain and long-standing supplier relationships are differentiators during periods of disruption.

Regarding product updates, the storage division posted revenue of $4.8 billion, with PowerStore posting its seventh consecutive quarter of double-digit growth. Management also announced that Lightning, their parallel file solution, remains on track for general availability in the first half of the year. For fiscal year 2027 guidance, the company expects full year revenue of $138 billion to $142 billion. They anticipate $50 billion in AI revenue for the year, noting this reflects the composition of their existing backlog, customer readiness, and delivery schedules.