Earnings live: Broadcom stock falls despite upbeat outlook, Lululemon pops, Costco dips

Yahoo Finance

December 12, 2025 1 min read

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•                                       StockStory Top Pick 
  

  AVGO

  -0.40%

  LULU

  +2.42%

  AZO

  +0.08%

 ORCL  

 -5.40%  

 

 

 COST  

 -0.26%  

A handful of remaining major companies reported their quarterly results this week, including Oracle (ORCL) and Broadcom (AVGO).

The Q3 earnings season has largely brought solid results. As of Dec. 5, 99% of S&P 500 companies have reported, according to FactSet data, and analysts estimate a 13.4% jump in earnings per share during the third quarter. If it holds, that figure would mark the fourth straight quarter of double-digit earnings growth and an acceleration from the 12% earnings growth rate reported in Q2 of this year.

Expectations were much lower coming into the quarter, as analysts expected S&P 500 companies to report a 7.9% jump in earnings per share in Q3, as of Sept. 30.

Source: FactSet

Specialty retailers, including GameStop (GME), AutoZone (AZO), and Chewy (CHWY), provided further insight into consumer spending patterns. Another retail stalwart — Costco (COST) — also offered a quarterly update.

However, the marquee report in the week ahead came from Oracle, which spooked the market somewhat after the AI leader reported that its AI costs exceeded Wall Street’s expectations, while its revenue fell short.

Earnings from Adobe (ADBE) and Broadcom also featured to conclude the third quarter reporting season.

Here are the latest updates from corporate America.

LIVE COVERAGE IS OVER 284 updates

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Featured

 

 

Thu, December 11, 2025 at 9:41 PM UTC 

Grace O'Donnell

 

AI demand fuels record revenue for Broadcom, stock gains after hours
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Broadcom (AVGO) stock rose 3% in after-hours trading. The chipmaker reported strong demand for its AI chips, which helped drive record revenue in its fiscal fourth quarter and forecast AI revenue to double in Q1.

 

Here's what Broadcom reported for its fiscal fourth quarter compared to consensus estimates, according to S&P Global Market Intelligence data:

  

"In Q4, record revenue of $18.0 billion grew 28% year-over-year, driven primarily by AI semiconductor revenue increasing 74% year-over-year," Broadcom CEO Hock Tan said. "We see the momentum continuing in Q1 and expect AI semiconductor revenue to double year-over-year to $8.2 billion, driven by custom AI accelerators and Ethernet AI switches. We forecast Q1'26 total revenue of $19.1 billion and adjusted EBITDA of 67%."

 

_Read more here._

 

 




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Fri, December 12, 2025 at 1:33 PM UTC 

Grace O'Donnell

 

 

RH stock rises as the luxury furniture maker touts transformation amid 'chaos'
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RH (RH) stock jumped 4% after releasing earnings on Thursday afternoon as the high-end furniture retailer teased investments in growth and international markets.

 

In the third quarter, RH missed earnings expectations but beat estimates for top-line growth. Earnings per share of $1.83 were below estimates of $2.18 per share, according to S&P Global Market Intelligence. However, revenue increased 9% year over year to $883.8 million, slightly topping estimates of $883.6 million.

 

RH revised its full-year revenue outlook lower. For 2025, RH expects revenue growth of 9% to 9.2%, compared to its previous range of 9% to 11%. The company also adjusted its adjusted EBITDA margin to a range of 17.6% to 18%, versus 19% to 20% previously and reiterated its free cash flow guidance of $250 million to $300 million.

 

CEO Gary Friedman noted that the outlook includes a 210 basis point operating margin impact from investments to support its international expansion and a 90 basis point negative impact from tariffs.

 

Friedman also repeated his view that the US housing market is in its worst condition in 50 years and that tariffs are causing "chaos" and price increases. But this is spurring a transformation at the company, he added.

 

RH recently opened a flagship store and restaurant on the Champs-Élysées in Paris as the company looks to invest in international growth.

 

"Someone asked the question, how do you build a luxury brand in China?" Friedman said on the earnings call. "The response was you build great stores in Paris, London, and New York."

 

 
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Thu, December 11, 2025 at 10:00 PM UTC 

Grace O'Donnell

 

 

Lululemon announces its CEO is stepping down
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On Thursday, Lululemon (LULU) also announced that its CEO, Calvin McDonald, plans to step down from his role and from the company’s board on Jan. 31. McDonald will continue to serve as a senior adviser to the company through March 31 during the transition period.

 

Lululemon didn't name a permanent successor but said that the company's chief financial officer, Meghan Frank, and its chief commercial officer, André Maestrini, will serve as interim co-CEOs.

 

McDonald took on the CEO role in 2018. During his tenure, he expanded the company's product portfolio and grew its mainland China business. Previously, McDonald worked as head of America's at LVMH's Sephora.

 

Lululemon stock is up 42.8% during McDonald's term as CEO. The stock rose around 10% in after-hours trading on Thursday following the company's earnings beat.

 

 

 

Lululemon CEO Calvin McDonald during the Lululemon Media Event on July 1, 2025, in London, England. (Max Cisotti/Dave Benett/Getty Images for lululemon)  · Dave Benett via Getty Images

 

 
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Thu, December 11, 2025 at 9:52 PM UTC 

Brooke DiPalma

 

 

Costco beats Wall Street's expectations across all key metrics
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Costco (COST) posted better-than-expected results across all key metrics in its fiscal first quarter report.

 

Adjusted earnings per share came in at $4.50, ahead of Wall Street's estimates of $4.28, per Bloomberg consensus data. Revenue, including both net sales and membership fees, slightly beat Wall Street's expectations, coming in at $67.3 billion, only slightly ahead of expectations of $67.1 billion.

 

Same-store sales growth for the quarter exceeded expectations in all of its markets, rising 6.4% overall, which was higher than the 5.9% forecast. Canada led the growth, up 9%, followed by Costco's other international business, up 6.8%. US sales rose by the least but were up 5.9%.

 

E-commerce continues to be a strong sales driver for the wholesale chain. In the latest quarter, e-commerce sales grew 20.5%, an increase from last year's 13.2% gain in the same time period.

  

Revenue from membership fees increased 14% year over year to $1.33 billion, compared to estimates of $1.29 billion.

 

The stock reaction was largely muted following the initial report. Among analysts on the Street, there are currently 24 Buy ratings, 16 Holds, and one Sell.

 
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Thu, December 11, 2025 at 9:32 PM UTC 

Grace O'Donnell

 

 

Lululemon stock jumps as turnaround plan begins to bear fruit
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Lululemon (LULU) stock popped by 10% in extended trading after the Canada-based apparel retailer posted an earnings beat and upbeat full-year profit forecast.

 

"As we enter the holiday season, we are encouraged by our early performance," Lululemon CEO Calvin McDonald said, noting that the company continues to make progress in its turnaround plan and expects to see more results in 2026.

 

In the company's third quarter, diluted profits rose to $2.59 per share, exceeding expectations for adjusted earnings of $2.22 per share, according to S&P Global Market Intelligence.

 

Revenue increased 7% year over year to $2.6 billion, topping estimates of $2.47 billion. Higher revenue was driven by international sales, which climbed 18% on a comparable basis. Same-store sales in the Americas declined 5%.

  

For the fourth quarter, Lululemon guided for net revenue in the range of $3.5 billion to $3.58 billion, in line with the Wall Street consensus estimate of $3.56 billion.

 

For the full year, the company forecast net revenue to be between $10.96 billion and $11 billion, representing 4% growth. The Street is expecting full-year revenue of $10.96 billion.

 

Lululemon's anticipated full-year earnings also came in ahead of expectations, with diluted earnings per share expected in a range of $12.92 to $13.02 for the year. The Street guided for adjusted earnings of $12.86 per share.

 
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Thu, December 11, 2025 at 1:06 PM UTC 

Grace O'Donnell

 

 

Broadcom earnings: What to expect as AI stocks fall in premarket trading
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Following Oracle's (ORCL) fiscal second quarter report, which renewed worries about artificial intelligence investment, fabless chip and software maker Broadcom (AVGO) will have a chance to help set market expectations on one of the only things it cares about: AI.

 

Here’s what you need to know, via StockStory's Adam Hejl:

    

 

 

(StockStory chart)  

 

  

_Read more here._

 
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Wed, December 10, 2025 at 9:45 PM UTC 

Grace O'Donnell

 

 

Synopsys stock rises on earnings beat, upbeat annual forecast
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Synopsys (SNPS) stock jumped nearly 6% in extended trading after the maker of chip design and testing software reported an earnings and revenue beat.

 

In the fiscal fourth quarter, Synopsys posted net income of $2.90 per diluted share, topping estimates for $2.88 per share, according to S&P Global Market Intelligence. The company also recorded revenue of $2.25 billion, compared to estimates of $2.23 billion and $1.636 billion for the fourth quarter of fiscal year 2024.

 

For its fiscal 2026, Synopsys is targeting revenue of $9.56 billion to $9.66 billion, in line with consensus estimates. It also guided for non-GAAP earnings per share of $14.32 to $14.40 for 2026, ahead of estimates of $14.05.

 

_Listen to a livestream of the earnings call here at 5 p.m. ET._

 

 
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Wed, December 10, 2025 at 9:34 PM UTC 

Grace O'Donnell

 

 

Adobe forecasts annual revenue above estimates
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Reuters reports:

      

_Read more here._

 
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Wed, December 10, 2025 at 9:33 PM UTC 

Grace O'Donnell

 

 

Oracle stock sinks as revenue falls short of Wall Street estimates
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Yahoo Finance's Laura Bratton reports:

      

_Read more here._

 
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Wed, December 10, 2025 at 1:02 PM UTC 

Grace O'Donnell

 

 

Oracle scheduled to report earnings after the bell as Wall Street looks for cracks in the AI bubble
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Yahoo Finance's Laura Bratton reports:

     

_Read more here._

 
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Wed, December 10, 2025 at 12:59 PM UTC 

Grace O'Donnell

 

 

Chewy stock drops despite double beat amid competitive pressures 
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Chewy (CHWY) earnings beat analyst estimates as the online pet retailer continued to take market share, but the stock tumbled nearly 7% in premarket trading as investors see continued pressure on the sector.

 

Adjusted earnings per share were $0.32 in the third quarter, compared to analyst estimates for $0.30, according to S&P Global Market Intelligence. Net sales rose 8.3% year over year to $3.12 billion, compared to estimates of $3.01 billion.

 

“Chewy continues to outperform the pet category and expand market share, with profits once again growing faster than sales,” CEO Sumit Singh said in the release.

  

Gross margins were another metric in focus for investors this quarter. Gross margins of 29.8% beat expectations but still dipped from 30.4% in Q2.

 

"As of late, the view has been that CHWY's gross margin has limited upside going forward," UBS's research team led by Michael Lasser wrote in a note ahead of earnings. "While the scaling of its sponsored ad initiative has been a meaningful gross margin driver of the past several quarters, we think this trend needs to continue for the company to see the same magnitude of GM gains. But until then, bears may point to an increasingly competitive market, pressure from tariffs, and greater promotional activity in the back half of the year to support a capped margin upside."

 

_Listen to the earnings call live here._

 
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Tue, December 9, 2025 at 10:13 PM UTC 

Grace O'Donnell

 

 

Dave & Buster's misses earnings estimates, but the stock is moving higher
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Dave & Buster's (PLAY) missed earnings and revenue estimates on Tuesday, but the stock moved higher in choppy after-hours trading.

 

The entertainment and dining company reported a net loss of $1.14 per share, compared to estimates of a loss of $1.04, according to S&P Global Market Intelligence. Revenue decreased 1.1% year over year to $448.2 million, compared to estimates of $460.1 million.

 

Dave & Buster's CEO Tarun Lal said the company has made "substantive progress" on its "back-to-basics" turnaround plan.

 

“We’ve been hard at work relaunching our marketing engine, reinvigorating our food & beverage offering, improving our operations, refreshing our games platform, and revamping our store remodel program," Lal said in a statement.

 

_Listen to the earnings call here._

 

 
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Tue, December 9, 2025 at 9:57 PM UTC 

Grace O'Donnell

 

 

Cracker Barrel lowers revenue forecast as traffic falls after logo blowup
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The Associated Press reports:

      

_Read more here._

 

 
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Tue, December 9, 2025 at 9:55 PM UTC 

Grace O'Donnell

 

 

GameStop stock falls after company reports revenue decline
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GameStop (GME) stock pulled back 5% in after-hours trading after the company posted third quarter revenue that fell short of estimates.

 

In the third quarter, revenue fell to $821 million for the period, compared to $860.3 million in Q3 last year. Wall Street analysts were expecting sales of $987 million, according to S&P Global Market Intelligence.

 

The company reported diluted profits of $0.24 per share, compared to estimates of $0.20.

  

GameStop, which became synonymous with the meme stock trade in 2021, has followed the playbook set by Michael Saylor's Strategy to accumulate bitcoin for a corporate treasury.

 

GameStop's bitcoin holdings were valued at $519.4 million at the close of the quarter, compared to $528.6 million at the end of the second quarter.

 

Reuters reports:

    

_Read more here._

 
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Tue, December 9, 2025 at 1:32 PM UTC 

Grace O'Donnell

 

 

Tariff-related price increases weigh on AutoZone's quarter
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AutoZone (AZO) missed earnings estimates for its fiscal first quarter, sending shares 2% lower in premarket trading.

 

The auto parts retailer reported profits of $31.04 per share on revenue of $4.62 billion. Wall Street analysts were looking for earnings of $32.40 per share and revenue of $4.64 billion, according to S&P Global Market Intelligence data.

 

The company's gross profit decreased by 203 basis points to 51% due to large inventory charges as the company works through tariff-driven price increases.

 

"Price increases in the industry are likely to persist for couple of more quarters, before getting back to normal inflationary rates," UBS analyst Michael Lasser wrote in a note ahead of the results. "Thus, normalizing inflation rates will set up AZO to lap outsized LIFO charges in FY'26 and recover in FY'27."

 

 
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Tue, December 9, 2025 at 1:18 PM UTC 

Grace O'Donnell

 

 

Campbell's sales decline as CEO says consumers 'remain intentional'
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The Campbell's Company (CPB) stock wavered after the food company reported declining sales and earnings compared to the previous year.

 

In the company's fiscal first quarter, net sales decreased 3% year over year to $2.67 billion, while earnings per share declined to $0.65. Wall Street consensus estimates were for $2.65 billion in revenue and $0.71 in earnings per share, according to S&P Global Market Intelligence.

 

The Meals & Beverages segment saw sales decline 4% year over year, while sales in the Snacks business dropped 2%.

  

"Consumers remain intentional in their shopping behaviors with at-home-cooking trends continuing to benefit our brands within our Meals & Beverages portfolio that deliver quality, convenience and value," CEO Mick Beekhuizen said. "While our Snacks business continues to weather category softness, our brands remain highly relevant."

 

The company reaffirmed its fiscal 2026 guidance for earnings per share to decline 12% to 18% to a range of $2.40 to $2.55.

 

Campbell's came under fire in late November when an executive was accused of making offensive comments and saying the company's products were for "poor people." Campbell's released a statement, saying the executive was no longer employed at the company and that that behavior "does not reflect our values and the culture of our company."

 

Year to date, the stock is down 28%.

 

_Listen to the earnings call live here._

 
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Mon, December 8, 2025 at 9:49 PM UTC 

Grace O'Donnell

 

 

Toll Brothers stock falls as home incentives weigh on margins, earnings
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Toll Brothers (TOL) stock fell over 3% in extended hours after the high-end homebuilder's quarterly results showed promotional activity weighing on margins and an earnings miss.

 

For the fiscal fourth quarter, Toll Brothers reported earnings per share of $4.58, compared to estimates of $4.89, according to S&P Global Market Intelligence. Revenue came in at $3.41 billion, compared to estimates of $3.31 billion.

 

The homebuilder saw promotional activity weigh on its home sale margins. Toll Brothers reported a gross margin of 26%, compared to estimates of 26.5%. Despite lower mortgage rates, homebuilders are facing competitive pressures as they look to entice reluctant buyers off the sidelines.

 

Toll Brothers CEO Douglas Yearley noted "soft demand" and a "choppy" housing market this year, though he emphasized that the luxury business remains differentiated.

 

Toll Brothers will broadcast its earning call on Tuesday, Dec. 9, ahead of the market open. You can listen to the call live here.

 

 
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Fri, December 5, 2025 at 9:12 PM UTC 

Grace O'Donnell

 

 

Mentions of 'AI' on earnings calls hits record high
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Mentions of artificial intelligence on earnings calls crested a new peak in the third quarter.

 

In a note on Friday, FactSet's John Butters pointed out that 306 S&P 500 companies cited the term “AI” on earnings calls held from Sept. 15 through Dec. 4, the highest level in 10 years. The previous record for mentions of AI was in Q2 of this year, with 292 mentions of the term.

 

As AI continues to drive the K-shaped economy and market, companies have been rewarded for mentioning the technology taking the world by storm.

 

Butters notes that S&P 500 companies that mention "AI" have seen a higher average price increase than their non-AI-mentioning counterparts over the past couple of months and over the past year.

 

As the chart below from FactSet shows, companies that cited AI saw an average price increase of 1%, compared to an increase of 0.3% for companies that didn't mention AI since Sept. 30. When looking back since Dec. 31, 2024, the difference is 13.9% and 5.7%, respectively.

 

 

 

(FactSet)  · FactSet

 

 

In the week ahead, Oracle (ORCL) is sure to fuel sentiment on the artificial intelligence build-out when it reports earnings and an update on its cloud business backlog. The stock is up 30% year to date but has come under pressure in the past month, down 13% over that period.

 
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Fri, December 5, 2025 at 1:16 PM UTC 

Grace O'Donnell

 

 

Victoria's Secret shares pop on Q3 beats and guidance raise
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Victoria's Secret (VSCO) stock climbed over 13% in premarket trading after the lingerie company raised its 2025 net sales, operating income, and earnings guidance, signaling progress in its revitalization efforts.

 

The company forecast full-year net sales in the range of $6.45 billion to $6.48 billion, compared to previous guidance of $6.33 billion to $6.41 billion. Its adjusted earnings per share for the year are expected to be in the range of $2.40 to $2.65, compared to prior guidance of $1.80 to $2.20.

 

Victoria's Secret also said its estimated tariff impact will be about $90 million for the year, less than the $100 million initially expected.

  

Victoria's Secret's third quarter results were also better than expected, with revenue beating estimates and the company's net loss coming in shallower than estimates.

 

Net sales increased 9% year over year to $1.472 billion, above estimates for $1.40 billion, according to S&P Global Market Intelligence. The retailer recorded a net loss of $0.46 per share, which was smaller than the $0.60 per share loss the Street was expecting.

 

_Listen to Victoria's Secret's earnings call here._

 
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Thu, December 4, 2025 at 9:27 PM UTC 

Grace O'Donnell

 

 

HPE stock falls as Q1 forecast falls short of estimates
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Hewlett Packard Enterprise (HPE) shares fell 4% after the company forecast fiscal ‌first quarter revenue below ‌Wall Street estimates.

  

The company expects ‍Q1 revenue in the range of $9 ​billion to $9.4 ‌billion, compared with analysts' average estimate ⁠of $9.9 billion, ​according ​to data compiled by S&P Global Market Intelligence.

 

Networking revenue was the standout, rising 150% year over year to $2.8 billion. Server revenue declined by 5% year over year to $4.5 billion, while hybrid cloud revenue dropped 12% to $1.4 billion. Financial services revenue was flat compared to last year at $889 million.

 

For the October quarter, HPE reported adjusted profits of $0.62 per share, compared to estimates of $0.51.

 

Revenue of $9.7 billion grew 14% year over year but came in a bit light compared to estimates, as the Street was expecting $9.9 billion in revenue.

 






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