Eyes on Tech Titans as Broadcom, Palo Alto Networks Report
A busy fortnight of US earnings begins with major technology and infrastructure firms, led by chip giant Broadcom and cybersecurity leader Palo Alto Networks.
The US earnings calendar enters a significant two-week period, with fifteen large-cap companies set to report from September 1. The focus is squarely on the technology and infrastructure sectors, where investor sentiment will be tested by results from semiconductor heavyweight Broadcom and a cluster of software and hardware providers. The collective market capitalisation of the reporting companies spans from $30bn to $1.8tn, underscoring the material impact these figures could have on broader indices.
Semiconductor and Security Spotlight
The week opens with a critical batch of reports from the tech sector. Broadcom Inc., with a market value of $1.8tn, is a bellwether for semiconductor demand. Its reported earnings per share will be measured against a consensus figure of $3.22 when it releases results after the close on September 2. A day earlier, cybersecurity firm Palo Alto Networks, valued at $303bn, reports with a consensus EPS of $0.98. These indicative comparisons will be closely parsed for signals on enterprise and cloud spending resilience.
| Company | Date | EPS estimate | Market cap |
|---|---|---|---|
| AVGO — Broadcom Inc. | Sep 2 | 3.22 | 1.8 T$ |
| PANW — Palo Alto Networks, Inc. | Sep 1 | 0.98 | 303 Mr$ |
| DELL — Dell Technologies, Inc. Class C | Sep 1 | 4.91 | 296 Mr$ |
| MDT — Medtronic Plc | Sep 1 | 1.39 | 117 Mr$ |
| ADBE — Adobe Inc. | Sep 10 | 6.07 | 116 Mr$ |
| SNOW — Snowflake, Inc. | Sep 2 | 0.45 | 114 Mr$ |
| HPE — Hewlett Packard Enterprise Co. | Sep 2 | 0.93 | 69 Mr$ |
| CIEN — Ciena Corporation | Sep 3 | 1.73 | 54 Mr$ |
| CRDO — Credo Technology Group Holding Ltd | Sep 1 | 1.17 | 44 Mr$ |
| NTAP — NetApp, Inc. | Sep 2 | 2.12 | 37 Mr$ |
| MDB — MongoDB, Inc. Class A | Sep 1 | 1.62 | 36 Mr$ |
| KR — Kroger Co. | Sep 11 | 1.05 | 35 Mr$ |
| CPRT — Copart, Inc. | Sep 9 | 0.38 | 31 Mr$ |
| SUNB — Sunbelt Rentals Holdings Inc | Sep 8 | 1.03 | 30 Mr$ |
| ZS — Zscaler, Inc. | Sep 3 | 1.09 | 30 Mr$ |
Software and Hardware in Focus
Beyond the giants, a suite of software and infrastructure names will provide a detailed read on specific technology niches. Database provider MongoDB and data cloud company Snowflake report, with consensus EPS figures of $1.62 and $0.45 respectively. Hardware is also well represented, with Dell Technologies and Hewlett Packard Enterprise reporting on consecutive days. Their results, alongside those from NetApp and Ciena, will offer insights into corporate IT refresh cycles and networking infrastructure investment.
Broader Market Cross-Section
The reporting roster extends beyond pure technology, offering glimpses into other economic segments. Medical device maker Medtronic provides a health sector snapshot, while Kroger's results will be scrutinised for consumer grocery spending trends. Industrial firms Copart and Sunbelt Rentals round out the period, with their performance acting as indicators for automotive and construction activity. The diversity of reports presents a multi-faceted view of corporate health as the quarter concludes.
Note: a reported figure and its consensus do not always use the same measure (GAAP or adjusted), so the difference in the table is indicative. Not investment advice.
Sources
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