Nvidia, Salesforce, and Intuit Set to Report Strong Growth This Week
Nvidia, Salesforce, and Intuit are set to report their quarterly results this week, with analysts expecting strong growth from all three tech heavyweights.
Intuit, the maker of TurboTax and QuickBooks, kicks off the earnings season on Tuesday, August 25. Analysts predict that the company will post double-digit revenue growth of around 11% to $4.27 billion, with EPS estimates near $3.59. This growth is expected to continue despite a tougher macro backdrop for small-business spending.
Nvidia and Salesforce will report their results on Wednesday, August 26. Nvidia's fiscal second-quarter print remains the most closely watched event of the week, with analysts expecting EPS of around $2.09 on revenue approaching $92 billion - nearly doubling year-over-year. The company's data-center demand for AI accelerators is expected to continue its strong growth.
Salesforce is also expected to post solid results, with EPS near $3.27 on revenue of about $11.3 billion, a 10.6% growth. Investors will be closely scrutinizing the company's Agentforce AI push and how it translates into accelerating subscription revenue.