Pre Earnings

BOX Inc (NYSE: BOX) — Q2 FY2027 Pre Earnings

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Pre earnings note company quarterly analysis

Operations

Q1 2027
Q1 Revenue ↑ 10.74% YoY $305.94M
Divisions
Box 100.0%

Key Earnings Driver

Enterprise Advanced and Box AI BOX revenue increased 11% year over year to $305.9M. Management said continued customer adoption of Enterprise Advanced and Box AI solutions is driving accelerating revenue growth.

Key Operating Metrics¹

METRIC

STATUS

Box↑ 11%

Enterprise Advanced

🟢 Scaling

Box AI

🟢 Scaling

Key Financial Metrics

Gross Margin 79.50% +1.5 pp YoY
Backlog / Revenue 536.7% 5.36x Qtr Rev
CapEx Intensity 4.07% 0.04x Revenue

Sources: BOX Q1 FY2027 Earnings Release — SEC Filing

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.

PDD Holdings (NASDAQ: PDD) — Q2 2026 Pre Earnings

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Pre earnings note company quarterly analysis

Operations

Q1 2026
Q1 Revenue ↑ 11.05% YoY ¥106.23B
Divisions
Online Marketing Services and Others 47.0%
Transaction Services 53.0%

Key Earnings Driver

Transaction Services Online Marketing Services and Others revenue increased 2.5% year over year to RMB49.9B, but declined 16.8% sequentially. Transaction Services revenue increased 20% to RMB56.3B

Key Operating Metrics¹

METRIC

STATUS

Online Marketing Services and Others↑ 2.5%

Transaction Services↑ 20%

🟢 Scaling

Key Financial Metrics

Gross Margin 55.86% -1.35 pp YoY
Backlog / Revenue N/A
CapEx Intensity N/A

Sources: PDD Holdings Q1 2026 Earnings Release — Company Website, PDD Holdings Q1 2026 Earnings Release — Company Website, PDD Holdings Q4 2025 Earnings Release — Company Website

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.

Tuya (NYSE: TUYA) — Q2 2026 Pre Earnings

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Pre earnings note company quarterly analysis

Operations

Q1 2026
Q1 Revenue ↑ 8.3% YoY $80.88M
Divisions
PaaS 73.0%
AI application & others 14.4%
Smart Home & Robot Products 12.6%

Key Earnings Driver

AI Application & Others AI application & others revenue increased 16.9% year over year to $11.6 million in Q1, primarily driven by higher cloud based services revenue. The company stated that it remained committed to offering recurring value-added services with AI application functions during the quarter. PaaS revenue increased 9.8% to $59.0M. Smart Home & Robot Products revenue declined 6.9% to $10.2 million as management proactively phased out relatively low-value hardware products.

Key Operating Metrics¹

METRIC

STATUS

PaaS↑ 9.8%

AI application & others↑ 16.9%

🟢 Scaling

Smart Home & Robot Products↓ 6.9%

🟠 Transition phase

Key Financial Metrics

Gross Margin 46.90% -1.6 pp YoY
Backlog / Revenue N/A
CapEx Intensity N/A

Sources: Tuya Q1 2026 Financial Results — Company Website, Tuya Q1 2026 Earnings Call Transcript — Company Website

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.

Ubiquiti Inc. (NYSE: UI) — Q4 FY2026 Pre Earnings

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Pre earnings note company quarterly analysis

Operations

Q3 2026
Q3 Revenue ↑ 18.67% YoY $788.2M
Divisions
Enterprise Technology 91.1%
Service Provider Technology 8.9%

Key Earnings Driver

Enterprise Technology Enterprise Technology revenue increased 22.6% year over year to $717.9M, compared with $585.7M in the same period a year earlier. The company attributed the increase in Enterprise Technology revenue to growth from its Enterprise Technology platform across all regions. Service Provider Technology revenue declined 10.3% to $70.3M.

Key Operating Metrics¹

METRIC

STATUS

Enterprise Technology↑ 22.6%

🟢 Scaling

Sources: Ubiquiti Q3 FY2026 Financial Results — Company Website, Ubiquiti Q3 FY2026 Quarterly Report — SEC Filing

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.

Alibaba (NYSE: BABA) — Q1 FY2027 Pre Earnings

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Pre earnings note company quarterly analysis

Operations¹

Q4 2026
Q4 Revenue ↑ 2.93% YoY ¥243.38B
Divisions
China E-commerce Group 46.2%
International Digital Commerce Group 13.4%
Cloud Intelligence Group 15.7%
All Others 24.7%

Key Earnings Driver

Public Cloud and AI-related Products China E-commerce Group revenue increased 6% to RMB122.2 billion. International Digital Commerce Group revenue increased 6% to RMB35.4 billion. Cloud Intelligence Group revenue increased 38% year over year to RMB41.6 billion. Within Cloud Intelligence Group, external cloud revenue grew 40%. The company attributed external cloud growth primarily to public cloud revenue growth and increasing adoption of AI-related products.

Key Operating Metrics²

METRIC

STATUS

China E–commerce Group↑ 6%

International Digital Commerce Group↑ 6%

Cloud Intelligence Group↑ 38%

Public Cloud

🟢 Scaling

AI-related products

🟢 Scaling

Key Financial Metrics

Gross Margin 34.51% -3.9 pp YoY
Backlog / Revenue N/A
CapEx Intensity 11.05% 0.11x Revenue

Sources: Alibaba FY2026 Annual Results — SEC Filing

Operations¹: Total revenue is after inter-segment elimination. Division revenue percentages are before inter-segment elimination.

Key Operating Metrics²: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.

NetEase (NASDAQ: NTES) — Q2 2026 Pre Earnings

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Pre earnings note company quarterly analysis

Operations

Q1 2026
Q1 Revenue ↑ 6.14% YoY ¥30.59B
Divisions
Games and related value-added services 84.0%
Youdao 4.4%
NetEase Cloud Music 6.5%
Innovative businesses and others 5.1%

Key Earnings Driver

Online Games Games and related value-added services revenue increased 6.9% year over year to RMB25.7B in Q1, with Online Games accounting for approximately 97.5% of segment revenue. Management highlighted strong engagement and revenue performance across established titles, including the Fantasy Westward Journey franchise, Identity V, Eggy Party, Sword of Justice and Where Winds Meet, supported by high-cadence content updates and gameplay innovation. Youdao revenue increased 3.8%, NetEase Cloud Music revenue increased 6.6%, and Innovative businesses and others revenue declined 4.6%.

Key Operating Metrics¹

METRIC

STATUS

Games and related value–added services↑ 6.9%

Online Games

🟢 Scaling

Sources: NetEase Q1 2026 Financial Results — Company Website

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.

Analog Devices (NASDAQ: ADI) — Q3 FY2026 Pre Earnings

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Pre earnings note company quarterly analysis

Operations

Q2 2026
Q2 Revenue ↑ 37.23% YoY $3.62B
Divisions
Industrial 49.7%
Automotive 24.0%
Communications 15.3%
Consumer 11.0%

Key Earnings Driver

Data Center Communications revenue increased 79% year over year to $554.7 million in Q2, with Data Center accounting for more than 75% of Communications revenue and growing more than 90%. Management said Data Center growth was driven by both its optical and power portfolios. Industrial revenue increased 56% to $1.8 billion, Automotive revenue increased 2% to $871.6 million, and Consumer revenue increased 11% to $397.4M.

Key Operating Metrics¹

METRIC

STATUS

Industrial↑ 56%

Automotive↑ 2%

Communications↑ 79%

Data Center

🟢 Scaling

Consumer↑ 11%

Sources: Analog Devices Q2 FY2026 Earnings Release — Company Website, Analog Devices Q2 FY2026 Earnings Call Transcript — Company Website

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.

Kingsoft Cloud (NASDAQ: KC) — Q2 2026 Pre Earnings

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Pre earnings note company quarterly analysis

Operations

Q1 2026
Q1 Revenue ↑ 37.25% YoY ¥2.7B
Divisions
Public Cloud Services 73.8%
Enterprise Cloud Services 26.2%

Key Earnings Driver

AI Business Public Cloud Services revenue increased 47.5% year over year to RMB1.9963B, with AI Business gross billing increasing 90% and accounting for more than half of Public Cloud Services revenue for the first time. Enterprise Cloud Services revenue increased 14.7% to RMB707.4M, but declined 17.6% sequentially, mainly due to the Chinese New Year impact and differentiated delivery schedules for various projects.

Key Operating Metrics¹

METRIC

STATUS

Public Cloud Services↑ 47.5%

AI Business

🟢 Scaling

Enterprise Cloud Services↑ 14.7%

Sources: Kingsoft Cloud Q1 2026 Financial Results — Company Website, Kingsoft Cloud Q1 2026 Financial Results — SEC Filing

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.

Keysight Technologies (NYSE: KEYS) — Q3 FY2026 Pre Earnings

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Pre earnings note company quarterly analysis

Operations

Q2 2026
Q2 Revenue ↑ 31.07% YoY $1.72B
Divisions
Communications Solutions Group 71.7%
Electronic Industrial Solutions Group 28.3%

Key Earnings Driver

Commercial Communications Communications Solutions Group revenue increased 35% year over year to $1.23B. Within Communications Solutions Group, Commercial Communications revenue increased 40% to $858M, and Aerospace, Defense and Government revenue increased 24%. Electronic Industrial Solutions Group revenue increased 24% to $486M.

Key Operating Metrics¹

METRIC

STATUS

Communications Solutions Group↑ 35%

Commercial Communications↑ 40%

🟢 Scaling

Aerospace, Defense and Government↑ 24%

Electronic Industrial Solutions Group↑ 24%

Sources: Keysight Technologies Q2 2026 Financial Results — Company Website

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.

Mercury Systems (NASDAQ: MRCY) — Q4 FY2026 Pre Earnings

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Pre earnings note company quarterly analysis

Operations

Q3 2026
Q3 Revenue ↑ 11.54% YoY $235.76M
Divisions
Sensor & Effector 48.4%
C4I 38.1%
Other 13.5%

Key Earnings Driver

Other Sensor & Effector Sensor & Effector revenue increased 43.8% to $114.2M. Within Sensor & Effector, Radar revenue increased 24.8%, Electronic Warfare revenue increased 40.1% and Other Sensor & Effector revenue increased 78.4%. Management highlighted significant revenue growth across Space, Radar and other sensors and effectors. C4I revenue declined 7.2% to $89.8M.

Key Operating Metrics¹

METRIC

STATUS

Sensor & Effector↑ 43.8%

Radar↑ 24.8%

Electronic Warfare↑ 40.1%

Other Sensor & Effector↑ 78.4%

🟢 Scaling

C4I↓ 7.2%

🟡 Watch

Sources: Mercury Systems Q3 FY2026 Financial Results — Company Website, Mercury Systems March 2026 Investor Presentation — Company Website, Mercury Systems Q3 FY2026 Earnings Presentation — SEC Filing

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.