Pre Earnings

Baidu (NASDAQ: BIDU) — Q2 2026 Pre Earnings

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Pre earnings note company quarterly analysis

Operations¹

Q1 2026
Q1 Revenue ↓ 1.16% YoY ¥32.08B
Divisions
Baidu General Business 80.7%
iQIYI 19.3%

Key Earnings Driver

GPU Cloud Baidu General Business revenue increased 2% year over year to RMB26.0B. with Online Marketing Services declining 22% to RMB12.6 billion, while Others revenue increased 42% to RMB13.4 billion and GPU Cloud revenue within Others increased 184%. iQIYI revenue declined 14% to RMB6.2B.

Key Operating Metrics²

METRIC

STATUS

Baidu General Business↑ 2%

Online Marketing Services↓ 22%

🟡 Watch

Others↑ 42%

GPU Cloud↑ 184%

🟢 Scaling

iQIYI↓ 13%

Membership Services↓ 5%

🟡 Watch

Online Advertising Services↓ 7%

🟡 Watch

Content Distribution↓ 43%

🟡 Watch

Other Revenues↓ 49%

🟡 Watch

Sources: Baidu Q1 2026 Financial Results — Company Website, Baidu Q1 2026 Earnings Release — Company PDF

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.

Hesai Group (NASDAQ: HSAI) — Q2 2026 Pre Earnings

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Pre earnings note company quarterly analysis

Operations

Q1 2026
Q1 Revenue ↑ 29.56% YoY ¥680.56M
Divisions
LiDAR Business 100.0%
Strategic Growth Initiatives 0.0%

Key Earnings Driver

ADAS and Robotics LiDAR Business revenue increased 29.6% year over year to RMB680.6M, with total LiDAR shipments increasing 140.9% to 471,723 units, including 353,441 ADAS shipments and 118,282 Robotics shipments. Management attributed the revenue growth to strong, broad based demand across both ADAS and Robotics.

Key Operating Metrics¹

METRIC

STATUS

LiDAR Business↑ 29.6%

ADAS

🟢 Scaling

Robotics

🟢 Scaling

Sources: Hesai Group 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.

Duos Technologies (NASDAQ: DUOT) — Q2 2026 Pre Earnings

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Operations

Q1 2026
Q1 Revenue ↓ 45.09% YoY $2.72M
Divisions
Technology Systems 1.6%
Technology Solutions 20.7%
Services and Consulting 19.6%
Services and Consulting — Related Parties 57.0%
Hosting Revenue 1.1%

Key Earnings Driver

Hydra Host GPUaaS Technology Solutions generated $562K in Q1 versus $0 in Q1 FY2025. The $176M Hydra Host GPUaaS agreement is expected to contribute approximately $26M of revenue in H2 2026, supporting the company’s expectation for 2026 revenue to exceed $50M, with a significant portion anticipated in the second half. Services and Consulting revenue declined 45%, and Services and Consulting — Related Parties revenue declined 60%.

Key Operating Metrics¹

METRIC

STATUS

Technology Solutions

Hydra Host GPUaaS

🟡 Execution phase

Services and Consulting↓ 45%

🟡 Watch

Services and Consulting — Related Parties↓ 60%

🟡 Watch

Sources: Duos Technologies Q1 2026 Financial Results — Company Website, Duos Edge AI Five-Year 10 MW Colocation Agreement — Company Website, Duos Technologies March 2026 GPU-as-a-Service Contract — SEC Filing, Duos Technologies Sale of Duos Technologies, Inc. — Company Website, Duos Technologies June 2026 GPU Financing — 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.

HIVE Digital Technologies (NASDAQ: HIVE) — Q1 FY2027 Pre Earnings

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Pre earnings note company quarterly analysis

Operations

Q4 2026
Q4 Revenue ↑ 130.47% YoY $71.82M
Divisions
Digital Currency Mining 93.5%
High Performance Computing Hosting 6.5%

Key Earnings Driver

High Performance Computing Hosting High Performance Computing Hosting revenue increased 54% year over year to $4.64M from $3.01M. FY2026 HPC revenue reached a record $19.5M, up 94% from $10.0M in FY2025, driven by deployment of the NVIDIA H200 GPU cluster and strong demand on the GPU marketplace. Digital Currency Mining revenue increased 42.6% year over year, but declined 23.9% sequentially from Q3.

Key Operating Metrics¹

METRIC

STATUS

Digital Currency Mining↑ 42.6%

High Performance Computing Hosting↑ 54%

🟢 Scaling

Source: HIVE Digital Technologies 2026 Annual 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.

Legence (NASDAQ: LGN) — Q2 2026 Pre Earnings

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Pre earnings note company quarterly analysis

Operations

Q1 2026
Q1 Revenue ↑ 105.14% YoY $1.04B
Divisions
Engineering & Consulting 16.0%
Installation & Maintenance 84.0%

Key Earnings Driver

Installation & Maintenance Engineering & Consulting revenue increased 14.0% year over year to $165.8M and Installation & Maintenance revenue increased 141.9% to $872.1M. Engineering & Consulting adjusted gross margin declined to 33.2% from 40.7%, primarily due to a higher percentage of subcontractor expenses, a revenue mix shift toward the lower margin Program & Project Management service line and lower project margins in Engineering & Design.

Key Operating Metrics¹

METRIC

STATUS

Engineering & Consulting↑ 14%

Installation & Maintenance↑ 141.9%

🟢 Scaling

Sources: Legence Q1 2026 Earnings Release — Company Website, Legence Q1 2026 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.

Cisco (NASDAQ: CSCO) — Q4 FY2026 Pre Earnings

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Pre earnings note company quarterly analysis

Operations

Q3 2026
Q3 Revenue ↑ 11.96% YoY $15.84B
Divisions
Networking 55.6%
Security 12.7%
Collaboration 6.5%
Observability 1.7%
Services 23.5%

Key Earnings Driver

AI Infrastructure Networking revenue increased 25% year over year to $8.8B. Within Networking, Cisco reported $5.3B in AI infrastructure orders year to date through Q3 FY2026, with the company expecting FY2026 AI infrastructure orders to reach $9B and AI infrastructure revenue to reach $4B. Security revenue was flat at $2.0B, Collaboration revenue decreased 1% to $1.0B, Observability revenue increased 3% to $269M, while Services revenue declined 1% to $3.7B.

Key Operating Metrics¹

METRIC

STATUS

Networking↑ 25%

AI Infrastructure

🟢 Scaling

Security→ 0%

🟡 Watch

Services↓ 1%

🟡 Watch

Sources: Cisco Q3 FY2026 Earnings Release — Company Website, Cisco Q3 FY2026 Revenue Disaggregation — 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.

Nebius Group (NASDAQ: NBIS) — Q2 2026 Pre Earnings

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Pre earnings note company quarterly analysis

Operations¹

Q1 2026
Q1 Revenue ↑ 683.89% YoY $399M
Divisions
Nebius AI cloud 96.9%
Avride 0.2%
TripleTen 2.9%

Key Earnings Driver

Nebius AI Cloud Nebius AI cloud revenue increased 841% to $389.7M. Management attributed group revenue growth to capacity scaling, supported by pricing and utilization.

Key Operating Metrics²

METRIC

STATUS

Nebius AI Cloud↑ 841%

🟢 Scaling

Key Financial Metrics

Gross Margin 74.00% +23 pp YoY
Backlog / Revenue N/A
CapEx Intensity 619.77% 6.19x Revenue

Sources: Nebius Q1 2026 Operating and Financial Review — 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.

SOLV Energy (NYSE: MWH) — Q2 2026 Pre Earnings

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Pre earnings note company quarterly analysis

Operations

Q1 2026
Q1 Revenue ↑ 65.96% YoY $676.81M
Divisions
New Construction 96.1%
Existing Infrastructure 3.7%
Other 0.2%

Key Earnings Driver

New Construction New Construction revenue increased 61.1% to $650.7M and Existing Infrastructure revenue declined 5.8% to $25.0M. Management attributed the significant increase in New Construction revenue to backlog realization, supported by productivity gains from continued strong project execution and seasonally favorable weather conditions in key regions.

Key Operating Metrics¹

METRIC

STATUS

New Construction↑ 61.1%

🟢 Scaling

Key Financial Metrics

Gross Margin 17.60% +3.1 pp YoY
Backlog / Revenue 1,211.9% 12.11x Qtr Rev
CapEx Intensity 1.54% 0.01x Revenue

Sources: SOLV Energy Q1 2026 Financial Results — Company Website, SOLV Energy Q1 2026 Form 10-Q — SEC Filing, SOLV Energy Q1 2026 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.

Rocket Lab (NASDAQ: RKLB) — Q2 2026 Pre Earnings

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Pre earnings note company quarterly analysis

Operations

Q1 2026
Q1 Revenue ↑ 63.5% YoY $200.35M
Divisions
Launch Services 31.8%
Space Systems 68.2%

Key Earnings Driver

Launch Services Launch Services revenue increased 79% year over year to $63.7M and Space Systems revenue increased 57.2% to $136.7M. Neutron remained on track for its debut launch later in 2026, while research and development expenses increased primarily due to Neutron development progress.

Key Operating Metrics¹

METRIC

STATUS

Launch Services↑ 79%

🟢 Scaling

Space Systems↑ 57.2%

Sources: Rocket Lab Q1 FY2026 Earnings Release — Company Website, Rocket Lab Q1 2026 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.