Tuesday Earnings:
Intuit, Zoom Lead 37-Reporter Slate

INTU headlines Tuesday's 37-reporter calendar, bringing its Q4 2026 results after the close with Wall Street expecting $3.65 per share. The tax and accounting software giant anchors a day that blends enterprise software names with retailers closing out their summer quarters.

ZM reports Q2 2027 results after the bell with consensus at $1.52, while cloud storage player BOX follows with a $0.40 estimate. Before the open, home furnishings retailer WSM faces a $2.08 bar for its Q2, and apparel names ANF ($2.00 estimate) and KSS ($0.58 estimate) round out the retail contingent with timing still to be determined.

Industrial conglomerate HEI reports Q3 2026 results after the close with a $1.52 estimate, while value retailer FIVE and smaller names including SMTC, MZTI, and NCNO complete the top-15 slate. The pace picks up meaningfully after today, with 140 companies scheduled across the next seven days.

31 companies reported Monday, delivering a 60% beat rate that kept the late-August earnings flow constructive despite a dramatic outlier. NSSC delivered the day's biggest upside surprise at 26.5%, posting $0.50 against a $0.40 estimate, though shares still slipped 1.3% in Tuesday's pre-market.

XPEV became Monday's cautionary tale with a -149.3% earnings miss — the widest disappointment of the session. The EV maker reported a loss of $1.41 per share against estimates for a $0.57 loss, triggering an 8.5% post-earnings decline that made it the day's top mover by a wide margin.

Chinese e-commerce platform PDD beat by 4.1% with $19.16 versus the $18.40 estimate but still shed 1.5% in after-hours action. Photography products company PICS posted a 13.7% beat and gained 2.8%, while TUYA matched its $0.03 estimate but registered as a technical 2.0% miss and fell 2.2%. Beyond the five featured names, 26 micro-cap and OTC companies reported without analyst coverage.

Monday's 60% beat rate landed below the mid-August average but stayed above the 50% threshold that typically signals a balanced earnings environment. The 40% miss rate reflects the binary nature of late-cycle reporting, where companies either clear their bars comfortably or stumble visibly.

Sector performance was thin given the light volume. The Information Technology cohort managed a 50% beat rate across two reporters, while the Other category — capturing three names that don't fit standard buckets — delivered a 67% beat rate. The small sample sizes make directional reads difficult, but both groups avoided a complete washout.

140 companies are scheduled to report over the next seven trading sessions, with the bulk concentrated on September 1st. That Monday will feature discount retailer DLTR, semiconductor name CRDO, and healthcare play DAVA before the open, alongside BASE, BOE, CIK, COE, and closed-end fund GGN.

The calendar cadence suggests late August is bridging into the traditional Labor Day lull before the September acceleration. Traders are watching whether the 60% beat rate from Monday's session can hold as larger names step into the rotation, particularly given the volatility seen in Monday's post-earnings price action despite mostly positive surprises.

Focus shifts to how INTU and ZM navigate their respective quarterly reports, with both carrying significant weight for the enterprise software narrative heading into fall. Intuit's Q4 typically captures tax-season momentum, while Zoom's Q2 will test whether the post-pandemic video platform can sustain growth as hybrid work patterns stabilize.

Retail earnings from WSM, ANF, and KSS offer a read on consumer spending as the back-to-school season closes. The wide spread in estimates — from $0.58 for Kohl's to $2.08 for Williams-Sonoma — reflects diverging fortunes across price points and categories. After Monday's wild post-earnings moves, traders will be watching whether beats actually translate to gains or if the market continues punishing any hint of forward uncertainty.