At a Glance

Broadcom reports Wednesday, with Wall Street expecting $3.24 per share on $29.4 billion in revenue driven by AI. Dell reports Tuesday after AI server sales surged 750% year over year last quarter. Palo Alto Networks reports Tuesday with strong cybersecurity demand expected to continue. Lululemon reports Thursday with earnings expected to fall 42% year over year. Tesla holds an Austin event Thursday with expected updates on its Cybercab autonomous taxi.

Broadcom

Broadcom reports fiscal third-quarter results Wednesday after the bell. Wall Street expects earnings of around $3.24 per share on revenue of approximately $29.4 billion.

AI is expected to drive most of the growth. Broadcom supplies networking technology and custom AI accelerators to major cloud companies, making it one of Nvidia's closest partners in the AI infrastructure space. Custom AI chips have become a growing part of hyperscalers' strategies as they look for alternatives to Nvidia's general-purpose GPUs, and that shift is central to Broadcom's growth story.

After Marvell fell sharply following its latest results, investors will be watching Broadcom's outlook on custom chips and hyperscaler spending closely. Marvell and Broadcom are the two main merchant suppliers of custom AI silicon, so Marvell's post-earnings drop has heightened attention on whether Broadcom's guidance can sustain confidence in the category.

Dell Technologies

Dell reports Tuesday. Last quarter, AI-optimized server sales surged 750% year over year, helping the company beat expectations and raise its outlook. Dell is one of the clearest ways investors track enterprise AI spending, since its AI servers go directly into corporate and cloud data centers.

Analysts expect second-quarter revenue of roughly $45.2 billion, up more than 50% from a year ago. Adjusted earnings are expected around $4.91 per share.

Options traders are pricing in a move of about 10% following the results. The big question is whether AI server demand can hold anywhere near its recent pace, with margins on AI servers also in focus since high-volume infrastructure deals tend to carry thinner profitability than traditional servers.

Palo Alto Networks

Palo Alto Networks reports Tuesday after the close. The company beat expectations last quarter and issued stronger-than-expected guidance.

Cybersecurity spending has stayed resilient as companies shift workloads to the cloud and roll out AI tools. That resilience stands in contrast to more cautious spending in other software categories. Investors will focus on recurring revenue and management's outlook for AI-related security demand, including how AI itself is expanding the attack surface that security vendors need to cover.

Strong recent results from CrowdStrike and Okta have raised the bar. Palo Alto may need more than just an earnings beat to move the stock.

Lululemon Athletica

Lululemon reports Thursday. Earnings are expected to fall about 42% year over year to around $1.80 per share.

The athletic apparel company cut its outlook in June, citing softer trends in the U.S., its largest market. Competition from newer activewear brands and weaker consumer spending have added pressure since then.

The report comes just ahead of former Nike executive Heidi O'Neill taking over as CEO on September 8. What management says about U.S. demand will be closely watched, as will any early signals about how the incoming CEO plans to steer the brand through a slowing consumer environment.

Tesla

Tesla does not report earnings this week, but Thursday's event in Austin could still move the stock. The company is expected to share more details on its Cybercab and autonomous taxi plans.

Autonomous driving has become a bigger part of the investment case for Tesla as investors look beyond its EV business, where deliveries and pricing have come under pressure. Any update on Cybercab production timelines or commercial rollout could trigger a stock move.

Friday's August jobs report adds another layer. A weak number could ease pressure on the Federal Reserve ahead of its September meeting, which would affect broader market direction and set the tone for how earnings reactions are traded into next week.

Source: CoinCentral