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▌Weekly Earnings Preview·August 30, 2026

Tech Earnings Week Tests Premium Valuations

A packed earnings slate from MongoDB, Dell, Palo Alto Networks, Snowflake, Broadcom, HPE, NetApp and Ciena will test investor appetite for enterprise tech. The lineup spans cloud software, cybersecurity, semiconductors and infrastructure, with valuations ranging from value-like to extremely rich.

Weekly Earnings PreviewAVGODELLPANW
By TickerSpark·August 30, 2026·9 min read
Tech Earnings Week Tests Premium Valuations
▌Key Takeaway
This week’s earnings slate is a concentrated test of enterprise technology demand and valuation discipline, with reports from cloud, cybersecurity, semiconductor, server and networking names. Investors will be watching whether strong execution can justify elevated multiples, especially in high-priced software stocks like Snowflake and Palo Alto Networks, while lower-valuation names such as Medtronic and Dell offer a useful contrast.

The upcoming earnings week centers on enterprise technology spending, from cloud databases and cybersecurity to semiconductors, servers, and network equipment. MongoDB, Dell, Medtronic, Palo Alto Networks, Credo, Snowflake, Broadcom, HPE, NetApp, and Ciena report between September 1 and September 3, creating a concentrated test for growth valuations.

Key Takeaways

  • September 1 brings reports from MongoDB, Dell, Medtronic, Palo Alto Networks, and Credo Technology.
  • Snowflake, Broadcom, HPE, and NetApp report on September 2, followed by Ciena on September 3.
  • Valuations vary sharply, from Medtronic at a 16.50 P/E to Snowflake at 232.62.

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  • The latest listed EPS figures exceeded estimates for every focus stock, although analyst conviction ranges from Buy to Hold.

    • MongoDB (MDB): Premium Cloud Database Growth

    MongoDB reports on September 1. Its latest quote was $446.62, up $6.04, or 1.37%. The stock trades above its 50-day average of $364.51 and 200-day average of $341.27. It remains below its $473.10 yearly high. MongoDB provides Atlas, a managed multi-cloud database platform, alongside enterprise and community products. Analysts list 36 buys, 6 holds, and 2 sells, producing a Buy consensus. On May 28, EPS came in at $1.32 versus a $1.19 estimate. With an 84.43 P/E, the market has assigned the database platform a premium growth valuation.

    Dell Technologies (DELL): Enterprise Hardware Under Pressure

    Dell reports on September 1. The stock fell $16.41, or 3.47%, to $455.85 in its latest quote. It still stands above its 50-day average of $432.43 and well above its 200-day average of $243.16, but it sits below the $514 yearly high. Dell's Infrastructure Solutions Group supplies servers, storage, and networking products. Analysts count 26 buys, 17 holds, and 2 sells, with a Buy consensus. EPS reached $4.86 on May 28 against a $2.96 estimate. The recent price drop adds tension to an otherwise strong earnings record, while the 33.37 P/E keeps the stock priced above traditional hardware levels.

    Medtronic (MDT): A Lower-Valuation Healthcare Counterweight

    Medtronic reports on September 1. Its latest price was $91.23, up $1.26, or 1.40%. The stock trades above its 50-day average of $85.49 and 200-day average of $89.81, though it remains below the $106.33 yearly high. The Healthcare medical-device company sells cardiac, surgical, neuroscience, and diabetes products. Analysts show 1 strong buy, 30 buys, and 20 holds, with no sell ratings. On June 3, EPS was $1.55 versus a $1.54 estimate. Its 16.50 P/E gives the market a more value-oriented alternative to the week's high-priced software names.

    Palo Alto Networks (PANW): Cybersecurity at a Premium

    Palo Alto Networks reports on September 1. The cybersecurity stock declined $11.26, or 2.94%, to $371.59. It remains above its 50-day average of $343.42 and 200-day average of $229.58, while trading below its $398.88 yearly high. Its platform spans firewalls, cloud security, threat prevention, and data-loss protection. Analyst support is broad, with 66 buys, 21 holds, and 2 sells. EPS reached $0.85 on June 2 versus a $0.793 estimate. A 98.83 P/E shows that the Buy consensus rests on a demanding growth valuation.

    Credo Technology (CRDO): High-Speed Connectivity With High Volatility

    Credo reports on September 1. Its latest quote was $232.75, down $7.49, or 3.12%. The stock trades below its 50-day average of $239.23 but above its 200-day average of $174.45. Its yearly high is $308.67. Credo sells high-speed connectivity products, including active electrical cables, integrated circuits, and SerDes chiplets. Analysts list 13 buys and 2 holds, giving it a Buy consensus. On June 1, EPS came in at $1.16 versus a $1.02 estimate. A 68.06 P/E and 3.233 beta leave the market with a growth story that carries unusually large price swings.

    Snowflake (SNOW): Cloud Data Growth Meets a 232.62 P/E

    Snowflake reports on September 2. The stock slipped $1.11, or 0.34%, to $328. Its price remains above the 50-day average of $287.15 and 200-day average of $217.23, and it sits close to the $341.95 yearly high. Snowflake's Data Cloud unifies data for analytics, applications, and sharing. Analysts report 42 buys, 9 holds, and 1 sell, creating a Buy consensus. On May 27, EPS was $0.39 versus a $0.3193 estimate. The 232.62 P/E makes Snowflake one of the week's clearest tests of premium software pricing.

    Broadcom (AVGO): Semiconductor Scale and Infrastructure Software

    Broadcom reports on September 2. Its latest price was $368.79, down $2.75, or 0.74%. The stock sits below its 50-day average of $386.11 and near its 200-day average of $369.38, far below the $495 yearly high. Broadcom sells semiconductor solutions for wired infrastructure, wireless communications, storage, and industrial markets, while also operating a critical infrastructure software business. Analysts count 51 buys and 8 holds, with a Buy consensus. On June 3, EPS reached $2.44 versus a $2.40 estimate. The 45.36 P/E reflects a market that still values Broadcom as a scaled technology compounder.

    Hewlett Packard Enterprise (HPE): Servers, Storage, and a Split Analyst View

    HPE reports on September 2. The latest quote was $52.30, down $2.11, or 3.88%. HPE trades above its 50-day average of $49.50 and 200-day average of $32.38, but below its $64.25 yearly high. The company sells enterprise servers, storage, networking products, and technology services. Analysts are evenly divided between 19 buys and 19 holds, plus 1 sell, though the consensus remains Buy. On June 1, EPS was $0.79 versus a $0.535 estimate. At a 20.92 P/E, HPE carries a more moderate valuation than most technology names in this preview.

    NetApp (NTAP): Storage Execution With a Hold Consensus

    NetApp reports on September 2. Its latest price was $187.02, down $3.62, or 1.90%. The stock remains above its 50-day average of $176.01 and 200-day average of $128.76, while sitting below the $209.06 yearly high. NetApp provides hybrid-cloud storage, data management, and public-cloud services. Analysts list 26 buys, 37 holds, and 8 sells, leading to a Hold consensus. EPS came in at $2.43 on May 28 versus a $2.27 estimate. Its 22.95 P/E and Hold rating point to a market view that values steady storage execution more cautiously.

    Ciena (CIEN): Network Infrastructure After a Sharp Pullback

    Ciena reports on September 3. The networking stock dropped $21.41, or 5.35%, to $378.44. It trades below its 50-day average of $415.96 but above its 200-day average of $373.46. The yearly high stands at $637.51. Ciena supplies optical networking, automation software, and services to communications operators. Analysts show 32 buys and 10 holds, with no sell ratings and a Buy consensus. On June 4, EPS reached $1.64 against a $1.46 estimate. The 82.81 P/E contrasts with the recent selloff, leaving a clear gap between analyst confidence and price momentum.

    Other Earnings to Watch

    • Science Applications International (SAIC) | Technology, Information Technology Services | August 31, 2026.
    • Grifols (GRFS) | Healthcare, Drug Manufacturers - General | August 31, 2026.
    • Kenon Holdings (KEN) | Utilities, Independent Power Producers | August 31, 2026.
    • ChronoScale (CHRN) | Technology, Information Technology Services | August 31, 2026.
    • AnaptysBio (ANAB) | Healthcare, Biotechnology | August 31, 2026.
    • Obsidian Therapeutics (OBX) | Healthcare, Biotechnology | August 31, 2026.
    • Nio (NIO) | Consumer Cyclical, Auto Manufacturers | September 1, 2026.
    • Sibanye Gold (SBSW) | Basic Materials, Other Precious Metals & Mining | September 1, 2026.
    • GitLab (GTLB) | Technology, Software - Infrastructure | September 1, 2026.
    • Sasol (SSL) | Basic Materials, Specialty Chemicals | September 1, 2026.
    • MiniMed Group (MMED) | Healthcare, Medical Instruments & Supplies | September 1, 2026.
    • Rezolve AI (RZLV) | Technology, Software - Infrastructure | September 1, 2026.
    • Five Below (FIVE) | Consumer Cyclical, Specialty Retail | September 2, 2026.
    • FedEx Freight (FDXF) | Industrials, Integrated Freight & Logistics | September 2, 2026.
    • FPS | Industrials, Electrical Equipment & Parts | September 2, 2026.
    • Netskope (NTSK) | Technology, Software - Infrastructure | September 2, 2026.
    • Argan (AGX) | Industrials, Engineering & Construction | September 2, 2026.
    • Jersey Mike's Subs (JMKE) | Consumer Cyclical, Restaurants | September 2, 2026.
    • Ollie's Bargain Outlet (OLLI) | Consumer Defensive, Discount Stores | September 2, 2026.
    • Transportadora de Gas del Sur (TGS) | Energy, Oil & Gas Integrated | September 2, 2026.
    • PVH (PVH) | Consumer Cyclical, Apparel Manufacturing | September 2, 2026.
    • Apnimed (APMD) | Healthcare, Biotechnology | September 2, 2026.
    • FuelCell Energy (FCEL) | Industrials, Electrical Equipment & Parts | September 2, 2026.
    • Daktronics (DAKT) | Technology, Electronic Components | September 2, 2026.
    • Critical Metals (CRML) | Basic Materials, Other Industrial Metals & Mining | September 2, 2026.
    • Sprinklr (CXM) | Technology, Software - Application | September 2, 2026.
    • REX American Resources (REX) | Basic Materials, Chemicals | September 2, 2026.
    • G-III Apparel Group (GIII) | Consumer Cyclical, Apparel Manufacturing | September 2, 2026.
    • Gold.com (GOLD) | Financial Services, Capital Markets | September 2, 2026.
    • Zscaler (ZS) | Technology, Software - Infrastructure | September 3, 2026.
    • Copart (CPRT) | Industrials, Specialty Business Services | September 3, 2026.
    • Samsara (IOT) | Technology, Software - Infrastructure | September 3, 2026.
    • Guidewire Software (GWRE) | Technology, Software - Application | September 3, 2026.
    • Lululemon Athletica (LULU) | Consumer Cyclical, Apparel Retail | September 3, 2026.
    • Toro (TTC) | Industrials, Tools & Accessories | September 3, 2026.
    • DocuSign (DOCU) | Technology, Software - Application | September 3, 2026.
    • Planet Labs (PL) | Industrials, Aerospace & Defense | September 3, 2026.
    • UiPath (PATH) | Technology, Software - Infrastructure | September 3, 2026.
    • VinFast Auto (VFS) | Consumer Cyclical, Auto Manufacturers | September 3, 2026.
    • Victoria's Secret (VSXY) | Consumer Cyclical, Apparel Retail | September 3, 2026.
    • Campbell's (CPB) | Consumer Defensive, Packaged Foods | September 3, 2026.
    • BRP (DOO) | Consumer Cyclical, Recreational Vehicles | September 3, 2026.
    • Brady (BRC) | Industrials, Security & Protection Services | September 3, 2026.
    • Ermenegildo Zegna (ZGN) | Consumer Cyclical, Apparel Manufacturing | September 3, 2026.
    • Ambarella (AMBA) | Technology, Semiconductor Equipment & Materials | September 3, 2026.
    • National Beverage (FIZZ) | Consumer Defensive, Beverages - Non-Alcoholic | September 3, 2026.
    • Hub Group (HUBG) | Industrials, Integrated Freight & Logistics | September 3, 2026.
    • John Wiley & Sons (WLYB) | Communication Services, Publishing | September 3, 2026.
    • John Wiley & Sons (WLY) | Communication Services, Publishing | September 3, 2026.
    • Asana (ASAN) | Technology, Software - Application | September 3, 2026.
    • Momo (MOMO) | Communication Services, Internet Content & Information | September 3, 2026.
    • Quanex Building Products (NX) | Industrials, Building Products & Equipment | September 3, 2026.
    • Mama's Creations (MAMA) | Consumer Defensive, Packaged Foods | September 3, 2026.
    • Petco Health and Wellness (WOOF) | Consumer Cyclical, Specialty Retail | September 2, 2026.
    • Phreesia (PHR) | Healthcare, Health Information Services | September 2, 2026.
    • IRSA (IRS) | Real Estate, Real Estate Services | September 4, 2026.
    • KT Corporation (KT) | Communication Services, Telecom Services | September 4, 2026.

    This earnings calendar puts premium software and connectivity stocks beside lower-valued healthcare and storage names. The sharpest contrast comes from valuation: Snowflake, Palo Alto Networks, MongoDB, and Ciena carry high P/E ratios, while Medtronic, NetApp, and HPE offer more measured multiples.

    ▌Common Questions

    Frequently asked questions

    +Which tech companies are reporting earnings this week?
    The key reports run from September 1 to September 3 and include MongoDB, Dell, Medtronic, Palo Alto Networks, Credo Technology, Snowflake, Broadcom, HPE, NetApp, and Ciena. The lineup spans cloud databases, cybersecurity, semiconductors, servers, storage, and networking.
    +Why is this earnings week important for tech investors?
    This week is important because it tests whether enterprise technology spending remains strong enough to support premium valuations. Results and guidance from these companies could influence sentiment across software, hardware, and semiconductor stocks.
    +Which tech stock has the highest valuation in this earnings preview?
    Snowflake has the highest listed valuation in the preview, with a P/E of 232.62. Palo Alto Networks also trades at a premium, with a P/E of 98.83.
    +Which company in the preview has the lowest valuation?
    Medtronic has the lowest listed valuation in the preview, with a P/E of 16.50. That makes it a more value-oriented comparison point versus the week's high-multiple software names.
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