Earnings This Week – What To Expect As ORCL, AVGO Headline

This week’s earnings calendar continues with market-moving names across AI, retail, housing, and consumer spending.

With major tech players, big-box retailers, and key economic bellwethers all reporting, markets are watching closely to see whether the AI boom is still accelerating, and whether the U.S. consumer is holding up or starting to crack.

These results could set the tone for markets heading into year-end and shape expectations for early 2026, with Oracle's stock having had a particularly bumpy ride following the most recent earnings print.

Monday 8 – Housing, Healthcare IT & Commodities (Post-market)

• Toll Brothers (TOL) – luxury homebuilder
• Phreesia (PHR) – healthcare payments & patient-intake SaaS
• Compass Minerals (CMP) – specialty fertilizers / de-icing salt

Toll Brothers (TOL) – higher-end housing & rates read

• Last quarter TOL delivered another solid beat: EPS $3.73 vs $3.59 expected, revenue up 8% YoY to $2.95B.
• For this quarter, consensus is around $4.87–4.88 EPS on roughly flat revenue near $3.3B, implying growth is slowing but still resilient despite higher mortgage rates.
• Macro angle: a strong print and upbeat orders / pricing would support the “higher-end consumer is fine, housing not dead” narrative, which is constructive for homebuilders and rate-sensitive cyclicals.

Phreesia (PHR) – recurring SaaS, narrowing losses

• PHR has been quietly stringing together upside: last reported quarter EPS $0.01 vs –$0.07 expected, with revenue +14.9% YoY and above consensus.
• For this week, analysts expect roughly breakeven EPS (~$0.00 to –$0.01) and revenue around $120M, up low-teens YoY, with estimates revised higher into the print.

Compass Minerals (CMP) – weather + pricing story

• CMP is slated for a Q4 2025-type report, with consensus around –$0.15 EPS, reflecting ongoing volatility in fertilizer and salt pricing and heavier cost pressure.
• In the last reported quarter, CMP modestly beat EPS while revenue was a touch light; investors will be focused on winter-season volume guidance and any updates on specialty fertilizer demand.

Market read for Monday:
Not an index-moving day, but TOL is important for the “higher rates vs housing” debate, while PHR/CMP give texture on healthcare software and commodities. Strong results support the view that the real economy is absorbing higher rates without a hard break.

Tuesday 9 – US Consumer & Meme Risk On/Off

Pre-market: staples, auto, discount retail

• AutoZone (AZO) – auto aftermarket
• Campbell’s (CPB) – food staples
• Ollie’s Bargain Outlet (OLLI) – off-price retail
• Casey’s General Stores (CASY) – fuel + prepared foods c-store
• SAIL, CNM – smaller software/infrastructure reads (less macro-critical)

AutoZone (AZO) – resilient car-owner spend?

• Last quarter (Q4 2025) AZO missed: EPS $48.71 vs $50.52 expected and revenue slightly under consensus, though still +0.6% YoY.
• For Q1 2026, consensus is about $32.2–32.35 EPS and $4.64B revenue, up ~8% YoY, with estimates nudged slightly higher heading into the print.
• Macro angle: a good result strengthens the “keep old cars longer” theme and is generally positive for late-cycle consumer resilience.

Campbell’s (CPB) – margins vs tariffs & marketing

• CPB’s last quarter: EPS $0.62 vs $0.57 expected, but revenue of $2.32B only in line/slightly soft; full-year net sales grew 6%, helped by the Sovos acquisition.
• For Q1 FY26, consensus EPS has drifted down to ~$0.73, almost –18% YoY, with analysts highlighting pressure from tariffs, higher marketing spend, and some softness in Snacks.
• Macro angle: one of the cleanest looks at defensive consumer staples; if even CPB struggles on margins, expect more “quality at a reasonable price” rotation within staples.

Ollie’s (OLLI) – trade-down beneficiary

• Analysts look for $0.71 EPS (+22% YoY) on about $615M revenue (+~19%), following two quarters of rising earnings and sales growth.
• The stock has been showing improving relative strength and is consolidating near potential breakout levels.
• Macro angle: if OLLI blows out numbers again, it reinforces the “trade-down” theme – value and off-price retailers winning wallet share as households stretch budgets.

Casey’s (CASY) – high-quality convenience gauge

• Last quarter (Q1 FY26) was strong: EPS $5.77 vs $5.02 expected, revenue $4.57B vs $4.47B, +11.5% YoY.
• For the upcoming Q2, Street is at ~$4.92 EPS and $4.55B revenue, both up mid-teens YoY.
• Macro angle: CASY is a nice proxy for rural / small-town consumer health, fuel demand, and prepared-food spending.

After-hours: restaurants, defense drones & meme risk

• Cracker Barrel (CBRL) – casual dining
• Casey’s (call / reaction)
• AeroVironment (AVAV) – drones / defense
• GameStop (GME) – meme stock bellwether
• Braze (BRZE) – customer engagement SaaS

Cracker Barrel (CBRL) – pressured casual dining

• CBRL is expected to post a weak Q1 FY26, with consensus EPS around –$0.6x and revenue down low-single-digits YoY as traffic and pricing remain under pressure.
• Any signs of stabilization in guest counts or a credible turnaround plan could spark a relief rally, but expectations are very muted.

AeroVironment (AVAV) – defense / Ukraine proxy

• Last quarter AVAV missed EPS by a hair ($0.32 vs $0.34), but revenue surged ~140% YoY to $455M, well above estimates.
• For this report, Street looks for ~$0.85 EPS and $477M revenue, implying ~81% EPS and >150% revenue growth YoY on continued demand for unmanned systems.
• Macro angle: sentiment read on defense / drone-related names and Ukraine / geopolitical spending.

GameStop (GME) – sentiment, not fundamentals

• Analysts expect around $0.20 EPS (vs $0.06 last year) and ~$987M revenue (+~15% YoY), with the company having missed only twice in its last nine quarters.
• Macro angle: more about risk appetite and meme-beta than macro, but big post-earnings swings can color retail sentiment.

Braze (BRZE) – high-growth SaaS, execution risk

• Last quarter BRZE badly missed EPS (-$0.22 vs +$0.03 expected) even as revenue grew ~24% YoY.
• This time analysts expect ~$0.06 EPS and ~$184M revenue (+~21% YoY), roughly in line with company guidance, with close attention on profitability progress.
• Macro angle: a read on marketing / customer-engagement spend in SaaS budgets.

Market read for Tuesday:
This is the big US-consumer day. If earnings look solid, it supports the soft-landing narrative. Weak numbers, especially from staples and value names, would amplify worries that the consumer is finally cracking.

Wednesday 10 – AI, Cloud, Semis & Pet E-com

Uranium Energy (UEC) – tiny EPS, big narrative

• UEC is expected to post a small loss (~–$0.01 to –$0.02 EPS) on modest revenue (consensus around $5–6M).
• Earnings have been volatile and negative, but revenue has grown at >30% annually as the company builds leverage to higher uranium prices.
• Macro angle: more about uranium & nuclear sentiment than the quarter itself.

Chewy (CHWY) – pet spending / e-commerce

• Last quarter CHWY missed EPS but maintained double-digit revenue growth and guided Q3 net sales to $3.07–3.10B (+7–8% YoY) and EPS $0.28–0.33.
• Current Street numbers: EPS ~$0.30–0.31 (+~50% YoY) and revenue ~$3.09B (+7.5% YoY).
• Macro angle: indicator for online discretionary vs “pet as family” stickiness. Strong margins support the thesis that higher-income households keep spending on pets even as budgets tighten.

Photronics (PLAB) – photomask cycle

• Q3 2025: PLAB posted $0.51 EPS vs $0.39 expected, a 31% beat, with improving sales after a soft patch.
• For Q4, consensus is ~$0.47 EPS and $204–205M revenue, implying stable demand for photomasks as part of the broader semi equipment cycle.
• Macro angle: small, but a supporting data point for semicap and foundry capex.

After-hours: the AI / software core

• Synopsys (SNPS) – chip EDA & IP
• Planet Labs (PL) – geospatial data
• Oracle (ORCL) – AI cloud & OpenAI partner
• Nordson (NDSN) – industrial tech
• Vail Resorts (MTN) – ski & leisure demand
• Adobe (ADBE) – creative + experience SaaS

Synopsys (SNPS) – AI design bellwether

• Last quarter SNPS stumbled vs an elevated bar: EPS came in well below consensus despite 14% YoY revenue growth to $1.74B.
• For Q4, Street expects ~$2.79 EPS and $2.25B revenue, in line with company guidance; investors are also digesting a big restructuring (10% workforce reduction) after the ANSYS deal.
• Macro angle: a strong print here is supportive for AI design tools and semi IP, a second-derivative AI play.

Planet Labs (PL) – high-growth / high-loss space data

• Last quarter PL missed EPS (~–$0.07 vs –$0.06 est.) but beat revenue with $73.4M, +20% YoY.
• This time, expectations are ~–$0.02 to –$0.05 EPS and ~$72M revenue, still high-teens / low-20s growth.
• Macro angle: niche, but it feeds into the “new space” data-as-a-service narrative.

Oracle (ORCL) – huge AI backlog test

• Oracle reports Q2 FY26 after close. Street is around $1.6–1.7 EPS and ~$16.2B revenue.
• Last quarter, Oracle slightly missed EPS and revenue, but the stock ripped as its AI-driven cloud backlog exploded to $455B from $138B, driven by deals with OpenAI, Meta, xAI, Nvidia and AMD.
• Macro angle: this is one of the key AI cloud prints of the week. The Street wants clarity on how fast that backlog turns into revenue and how Oracle manages debt + massive CapEx.

Nordson (NDSN) – industrial demand & margins

• Last quarter NDSN posted $2.73 EPS vs $2.64 expected and revenue $741.5M vs $723.6M, a small but clean beat.
• Q4 expectations: ~$2.93 EPS and $761M revenue (mid-single-digit growth).
• Macro angle: nice datapoint for industrial automation and capex, especially in electronics and packaging.

Vail Resorts (MTN) – affluent leisure under pressure

• Full-year 2025 results showed missed EPS and guided net income below prior year; season-pass unit sales are down even with higher prices.
• For Q1 FY26, Street expects a deeper loss (~–$5.22 EPS) on slightly higher resort revenue (~+2–3% YoY).
• Macro angle: tells you whether the high-end discretionary travel customer is pulling back.

Adobe (ADBE) – AI in creative & marketing

• Q3 2025: record revenue $5.99B (+10% YoY) with healthy margins; management guided FY25 EPS $20.80–20.85 and Q4 EPS $5.35–5.40.
• For Q4, consensus is ~$5.39 EPS and $6.11B revenue, with everyone focused on whether AI features (Firefly, generative tools) are driving net new ARR re-acceleration.
• Macro angle: major tone-setter for large-cap software and AI-adjacent SaaS.

Market read for Wednesday:
This is the core AI/software day. Oracle + Synopsys + Adobe, plus PLAB/PL/NDSN, will heavily influence the tech / growth complex. Strong AI commentary and clean beats here can offset almost anything else expected with the Fed.

Thursday 11 – Big AI Chips + Costco + Lululemon

Pre-market: Ciena (CIEN)

• Last quarter (Q3 2025) CIEN crushed expectations: EPS $0.67 vs $0.43 and revenue up 29% YoY to $1.22B after a prior year decline.
• For Q4, consensus EPS is again around $0.67 with moderate revenue growth, and the Street is laser-focused on orders tied to AI data-center build-outs versus weaker traditional telecom demand.

After-hours: AVGO, COST, LULU – the main event

Broadcom (AVGO) – epic AI bar to clear

• Last quarter: revenue ~$16B (+22% YoY) with EPS $1.69 vs $1.66 expected; AI semi revenue jumped >60% YoY.
• For Q4 FY25, Street is at ~$1.87 EPS and $17.4–17.5B revenue (+~24% YoY), aligned with company guidance.
• The Street also wants updated color on 2026–27 AI revenue, including the widely discussed $10B OpenAI order and XPU/custom-accelerator roadmap.
• Macro angle: this might be the single most important AI semiconductor print of the week – a beat/raise keeps the AI trade on rails; anything cautious could catalyze a rotation out of high-multiple AI names.

Costco (COST) – value consumer & e-com

• November and early-Q1 data showed 8.2% net sales growth and ~20.5% e-commerce growth, with comps running mid-single-digits.
• For Q1 FY26, Street expects ~$4.24 EPS on ~$67B revenue; last quarter COST beat modestly (EPS $5.87 vs $5.81) on 8.1% sales growth to $86.16B.
• Despite strong sales, the stock is slightly negative YTD, as investors fret about decelerating US trends and a rich multiple.
• Macro angle: crucial barometer for broad US consumer health, especially value-oriented middle-class households.

Lululemon (LULU) – premium discretionary stress test

• Last quarter, LULU printed 9% revenue growth but a 22–23% EPS decline, cutting guidance as competition intensified and US demand slowed.
• Going into this print, consensus is ~$2.21 EPS (down ~23% YoY) on ~3–4% revenue growth, with management having guided Q3 EPS 2.18–2.23 and FY25 EPS 12.77–12.97.
• Macro angle: a clean beat with stabilizing North America trends would help calm worries about premium discretionary; another weak print would reinforce the idea that high-end consumers are tightening belts.

Friday 12 – Johnson Outdoors (JOUT) and the Wrap-Up

Johnson Outdoors (JOUT) – outdoor macro footnote

• JOUT is expected to report Q4 FY25 on Friday, after a prior quarter where it delivered a strong EPS beat ($0.75 vs $0.18 est.).
• It’s a niche name (boats, fishing, camping), but the print is a micro read-through on post-pandemic outdoor spend.

Market read for Friday:
By Friday, most of the week’s story will already be written. JOUT doesn’t move indices; the focus will be whether the market extends any Thursday-driven move or retraces on profit-taking.