Several major U.S. technology firms reported earnings for the quarter ending April 2025, with Snowflake, Intuit, Autodesk, and Analog Devices all surpassing analyst expectations and raising their full-year outlooks, while Workday delivered strong results but issued cautious guidance. Snowflake reported first-quarter revenue of $1.04 billion, up 26% year-over-year, and adjusted EPS of $0.24, beating estimates. Product revenue reached $996.8 million, net retention was 124%, and customers generating over $1 million in revenue rose to 606. The company posted a net loss of $430 million. Snowflake raised its fiscal 2026 product revenue guidance to $4.33 billion. Its stock surged 13.43% to $203.18, reaching a new 52-week high, with about 1,140 institutional holders. Multiple analysts raised price targets following the report. Intuit posted third-quarter revenue of $7.8 billion, a 15% increase from the prior year, with GAAP EPS of $10.02 and adjusted EPS of $11.65. The company raised its full-year revenue guidance to $18.72โ$18.76 billion and expects adjusted EPS of $20.07โ$20.12. TurboTax Live revenue was projected to reach $2.0 billion for FY25, and Consumer Group revenue was $4.0 billion. Intuit shares rose around 9% to all-time highs after the announcement. Autodesk reported first-quarter revenue of $1.63 billion, up 15% year-over-year, and adjusted EPS of $2.29. Segment revenues included $1.351 billion from Design and $179 million from Make. Billings increased 29% to $1.43 billion, free cash flow grew 14% to $556 million, and $353 million was returned via buybacks. The company raised its full-year revenue guidance to $6.925โ$7.00 billion and adjusted EPS to $9.50โ$9.73. Shares rose more than 3% after the results. Analog Devices delivered second-quarter revenue of $2.64 billion, up 22% year-over-year, and adjusted EPS of $1.85. The company forecast third-quarter revenue of $2.65โ$2.85 billion and adjusted EPS of $1.82โ$2.02, both above analyst estimates. Workday reported first-quarter revenue of $2.24 billion, up 12.6% year-over-year, and adjusted EPS of $2.23, both ahead of expectations. Subscription revenue grew 13.4% to $2.06 billion, and net income was $68 million. The company incurred $166 million in restructuring costs. Guidance for the next quarter and full year was in line with analyst estimates, disappointing some investors, and Workday's stock fell more than 6% after the report.
Cramer's week ahead: Earnings from Nvidia, Dell, Costco and Salesforce https://t.co/BFcT9fm53u
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