{"id":90088,"date":"2026-06-04T09:40:09","date_gmt":"2026-06-04T01:40:09","guid":{"rendered":"https:\/\/www.kgieworld.sg\/research\/?p=90088"},"modified":"2026-06-04T13:18:23","modified_gmt":"2026-06-04T05:18:23","slug":"technical-analysis-4-june-2026","status":"publish","type":"post","link":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-4-june-2026\/","title":{"rendered":"Technical Analysis &#8211; 4 June 2026"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"90088\" class=\"elementor elementor-90088\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6c48b3f e-con e-atomic-element e-flexbox-base e-6c48b3f-821c674 \" data-id=\"6c48b3f\" data-element_type=\"e-flexbox\" data-e-type=\"e-flexbox\" data-interaction-id=\"6c48b3f\" data-e-type=\"e-flexbox\" data-id=\"6c48b3f\">\n    \t\t\t<p class=\"e-3abe36a-4877b2e e-paragraph-base\" data-interaction-id=\"3abe36a\" data-e-type=\"widget\" data-id=\"3abe36a\">TECHNICAL ANALYSIS<\/p>\n\t\t\t\t<div class=\"elementor-element elementor-element-0f88b47 elementor-widget elementor-widget-theme-post-title elementor-page-title elementor-widget-heading\" data-id=\"0f88b47\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"theme-post-title.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Technical Analysis \u2013 4 June 2026<\/h1>\t\t\t\t<\/div>\n\t\t\t\t\t<p class=\"e-c388834-d1028d8 e-paragraph-base\" data-interaction-id=\"c388834\" id=\"top\" data-e-type=\"widget\" data-id=\"c388834\"><a target=\"_self\" href=\"#sp\" id=\"e-mpytpcvg-4mzdst6\">UNITED\u00a0STATES<\/a> | <a target=\"_self\" href=\"#sg\" id=\"e-mpytpcvg-05g6qry\">SINGAPORE<\/a> | <a target=\"_self\" href=\"#hk\" id=\"e-mpytpcvg-rqjxfjt\">HONG KONG<\/a> | <a target=\"_self\" href=\"#er\" id=\"e-mpytpcvg-gqnz3bt\">EARNINGS<\/a><\/p>\n\t\t\n<\/div>\n<div class=\"elementor-element elementor-element-cc87049 e-con e-atomic-element e-flexbox-base e-cc87049-6ba8d76 \" data-id=\"cc87049\" data-element_type=\"e-flexbox\" data-e-type=\"e-flexbox\" data-interaction-id=\"cc87049\" data-e-type=\"e-flexbox\" data-id=\"cc87049\">\n    \t\t\t<h2 data-interaction-id=\"64c2b8e\" class=\"e-64c2b8e-5b066df e-heading-base\" id=\"us\" data-e-type=\"widget\" data-id=\"64c2b8e\">United States<\/h2>\n\t\t\t\t\t<h2 data-interaction-id=\"97f09ea\" class=\"e-97f09ea-dfef7ce e-heading-base\" data-e-type=\"widget\" data-id=\"97f09ea\">Microsoft Corp. (MSFT US)<\/h2>\n\t\t\t\t<div class=\"elementor-element elementor-element-177927d elementor-widget elementor-widget-image\" data-id=\"177927d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"485\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-04-at-9.29.00-AM.png?wsr\" class=\"attachment-large size-large wp-image-90090\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-04-at-9.29.00-AM.png 1021w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-04-at-9.29.00-AM-300x182.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-04-at-9.29.00-AM-768x466.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<p class=\"e-40f21f6-9e7fdc4 e-paragraph-base\" data-interaction-id=\"40f21f6\" data-e-type=\"widget\" data-id=\"40f21f6\">\u2022 Shares closed above the 20dEMA with elevated volume for the week.\u00a0\u00a0<br>\u2022 Both RSI and MACD are constructive.\u00a0<br>\u2022 <strong>Long \u2013 Entry 420, Target 480, Stop 390<\/strong><\/p>\n\t\t\t\t<div class=\"elementor-element elementor-element-23fa44a elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"23fa44a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<h2 data-interaction-id=\"b7cd884\" class=\"e-b7cd884-74737a4 e-heading-base\" data-e-type=\"widget\" data-id=\"b7cd884\">Ouster, Inc. (OUST US)\u00a0<\/h2>\n\t\t\t\t<div class=\"elementor-element elementor-element-95f4b20 elementor-widget elementor-widget-image\" data-id=\"95f4b20\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"481\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-04-at-9.30.40-AM.png?wsr\" class=\"attachment-large size-large wp-image-90091\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-04-at-9.30.40-AM.png 1021w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-04-at-9.30.40-AM-300x180.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-04-at-9.30.40-AM-768x462.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<p class=\"e-40f21f6-9e7fdc4 e-paragraph-base\" data-interaction-id=\"4460f28\" data-e-type=\"widget\" data-id=\"4460f28\">\u2022 Shares closed on the 5dEMA with elevated volume for the month.\u00a0<br>\u2022 RSI is slightly overbought but MACD is still constructive.\u00a0<br>\u2022 <strong>Long \u2013 Entry 43, Target 49, Stop 40<\/strong>\u00a0<\/p>\n\t\t\t\t\t<p class=\"e-9eb85fb-480addf e-paragraph-base\" data-interaction-id=\"9eb85fb\" data-e-type=\"widget\" data-id=\"9eb85fb\"><a target=\"_blank\" href=\"#top\" id=\"e-mpxl1kdy-558mgnt\">^ Back To Top<\/a><\/p>\n\t\t\n<\/div>\n<div class=\"elementor-element elementor-element-5bb77f0 e-con e-atomic-element e-flexbox-base e-5bb77f0-25e67c2 \" data-id=\"5bb77f0\" data-element_type=\"e-flexbox\" data-e-type=\"e-flexbox\" data-interaction-id=\"5bb77f0\" data-e-type=\"e-flexbox\" data-id=\"5bb77f0\">\n    \t\t\t<h2 data-interaction-id=\"aa9ba00\" class=\"e-aa9ba00-a79f36f e-heading-base\" id=\"sg\" data-e-type=\"widget\" data-id=\"aa9ba00\">Singapore<\/h2>\n\t\t\t\t\t<h2 data-interaction-id=\"3784816\" class=\"e-3784816-1f5a2ca e-heading-base\" data-e-type=\"widget\" data-id=\"3784816\">iFAST Corporation Ltd. (IFAST SP)\u00a0<\/h2>\n\t\t\t\t<div class=\"elementor-element elementor-element-854690a elementor-widget elementor-widget-image\" data-id=\"854690a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"475\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-04-at-9.35.51-AM-1024x608.png?wsr\" class=\"attachment-large size-large wp-image-90092\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-04-at-9.35.51-AM-1024x608.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-04-at-9.35.51-AM-300x178.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-04-at-9.35.51-AM-768x456.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-04-at-9.35.51-AM.png 1029w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<p class=\"e-b857851-f16b619 e-paragraph-base\" data-interaction-id=\"b857851\" data-e-type=\"widget\" data-id=\"b857851\">\u2022 Shares closed above the 5dEMA.\u00a0<br>\u2022 Both RSI and MACD are constructive.\u00a0<br>\u2022 <strong>Buy \u2013 Entry 9, Target 11, Stop 8<\/strong>\u00a0<\/p>\n\t\t\t\t<div class=\"elementor-element elementor-element-b59d02f elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"b59d02f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<h2 data-interaction-id=\"37ca4c7\" class=\"e-37ca4c7-1e0451f e-heading-base\" data-e-type=\"widget\" data-id=\"37ca4c7\">City Development Limited (CDL SP)\u00a0<\/h2>\n\t\t\t\t<div class=\"elementor-element elementor-element-a36c8e9 elementor-widget elementor-widget-image\" data-id=\"a36c8e9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"482\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-04-at-9.36.38-AM.png?wsr\" class=\"attachment-large size-large wp-image-90093\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-04-at-9.36.38-AM.png 1021w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-04-at-9.36.38-AM-300x181.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-04-at-9.36.38-AM-768x463.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<p class=\"e-ab54768-29aea41 e-paragraph-base\" data-interaction-id=\"ab54768\" data-e-type=\"widget\" data-id=\"ab54768\">\u2022 Shares closed right on the 5dEMA.\u00a0<br>\u2022 Both RSI and MACD are constructive.\u00a0<br>\u2022 <strong>Buy \u2013 Entry 8.4, Target 10, Stop 7.6<\/strong>\u00a0<\/p>\n\t\t\t\t\t<p class=\"e-cd58232-01a665b e-paragraph-base\" data-interaction-id=\"cd58232\" data-e-type=\"widget\" data-id=\"cd58232\"><a target=\"_blank\" href=\"#sp\" id=\"e-mpytsz2m-t4zil4x\">^ Back To Top<\/a><\/p>\n\t\t\n<\/div>\n<div class=\"elementor-element elementor-element-f70d0e8 e-con e-atomic-element e-flexbox-base e-f70d0e8-8f2ed15 \" data-id=\"f70d0e8\" data-element_type=\"e-flexbox\" data-e-type=\"e-flexbox\" data-interaction-id=\"f70d0e8\" data-e-type=\"e-flexbox\" data-id=\"f70d0e8\">\n    \t\t\t<h2 data-interaction-id=\"5f0f8e1\" class=\"e-5f0f8e1-9ecadd3 e-heading-base\" id=\"hk\" data-e-type=\"widget\" data-id=\"5f0f8e1\">Hong Kong<\/h2>\n\t\t\t\t\t<h2 data-interaction-id=\"b1b0db4\" class=\"e-b1b0db4-529136c e-heading-base\" data-e-type=\"widget\" data-id=\"b1b0db4\">Semiconductor Manufacturing International Corp. (981 HK)<\/h2>\n\t\t\t\t<div class=\"elementor-element elementor-element-e2e699e elementor-widget elementor-widget-image\" data-id=\"e2e699e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"477\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-04-at-9.40.52-AM.png?wsr\" class=\"attachment-large size-large wp-image-90094\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-04-at-9.40.52-AM.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-04-at-9.40.52-AM-300x179.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-04-at-9.40.52-AM-768x458.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<p class=\"e-94312ac-3a7aaac e-paragraph-base\" data-interaction-id=\"94312ac\" data-e-type=\"widget\" data-id=\"94312ac\">\u2022 Shares closed above the 5dEMA with elevated volume for the week.\u00a0<br>\u2022 Both RSI and MACD are constructive.\u00a0<br>\u2022 <strong id=\"e-mpytxixi-i7xtnke\">Long <\/strong>\u2013 <strong id=\"e-mpytxixi-dt8wdpa\">Entry 82, Target 92, Stop 77<\/strong>\u00a0<br><\/p>\n\t\t\t\t<div class=\"elementor-element elementor-element-57c8975 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"57c8975\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<h2 data-interaction-id=\"de33ac4\" class=\"e-de33ac4-7e579ac e-heading-base\" data-e-type=\"widget\" data-id=\"de33ac4\">MMG Ltd. (1208 HK)\u00a0<\/h2>\n\t\t\t\t<div class=\"elementor-element elementor-element-95669c6 elementor-widget elementor-widget-image\" data-id=\"95669c6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"483\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-04-at-9.41.46-AM.png?wsr\" class=\"attachment-large size-large wp-image-90095\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-04-at-9.41.46-AM.png 1025w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-04-at-9.41.46-AM-300x181.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-04-at-9.41.46-AM-768x464.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<p class=\"e-c401800-db86418 e-paragraph-base\" data-interaction-id=\"c401800\" data-e-type=\"widget\" data-id=\"c401800\">\u2022 Shares closed above the 5dEMA.\u00a0<br>\u2022 Both RSI and MACD are constructive.\u00a0<br>\u2022 <strong>Long \u2013 Entry 9.6, Target 11.0, Stop 8.9<\/strong>\u00a0<\/p>\n\t\t\t\t\t<p class=\"e-a092070-be5ee1b e-paragraph-base\" data-interaction-id=\"a092070\" data-e-type=\"widget\" data-id=\"a092070\"><a target=\"_blank\" href=\"#sp\" id=\"e-mpytsz2m-t4zil4x\">^ Back To Top<\/a><\/p>\n\t\t\n<\/div>\n<div class=\"elementor-element elementor-element-968bc1b e-con e-atomic-element e-flexbox-base e-968bc1b-210a55d \" data-id=\"968bc1b\" data-element_type=\"e-flexbox\" data-e-type=\"e-flexbox\" data-interaction-id=\"968bc1b\" data-e-type=\"e-flexbox\" data-id=\"968bc1b\">\n    \t\t\t<h2 data-interaction-id=\"286d955\" class=\"e-286d955-0df100c e-heading-base\" id=\"er\" data-e-type=\"widget\" data-id=\"286d955\">Earnings<\/h2>\n\t\t\t\t<div class=\"elementor-element elementor-element-2c65d1d elementor-widget elementor-widget-text-editor\" data-id=\"2c65d1d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><b><span data-contrast=\"auto\">Macy\u2019s, Inc. (M)<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">1Q26\u00a0Revenue:\u00a0<\/span><\/b><span data-contrast=\"auto\">$4.86B<\/span><span data-contrast=\"auto\">,\u00a0+1.7% YoY,\u00a0beat\u00a0estimates\u00a0by $280M<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">1Q26\u00a0Non-GAAP\u00a0EPS<\/span><\/b><span data-contrast=\"auto\">:\u00a0<\/span><span data-contrast=\"auto\">$0.13,\u00a0beat\u00a0estimates\u00a0by\u00a0$0.10<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">FY26<\/span><\/b><b><span data-contrast=\"auto\">\u00a0Guidance:<\/span><\/b><span data-contrast=\"auto\">\u00a0Raised FY26 net sales guidance to $21.50B to $21.75B from $21.40B to $21.65B and raised adjusted EPS guidance to $2.00 to $2.20 from $1.90 to $2.10. Comparable sales are now expected to rise 0.5% to 1.2%.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Dividends:\u00a0<\/span><\/b><span data-contrast=\"auto\">The board had previously declared a quarterly dividend of $0.1915 per share, payable April 1, 2026.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"5\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Comment:\u00a0<\/span><\/b><span data-contrast=\"auto\">This was a strong quarter\u00a0relative\u00a0to expectations. Net sales rose 1.8% to $4.68B, comparable sales increased 3.0%, and this was the company\u2019s best first-quarter comparable-sales performance in four years. Bloomingdale\u2019s remained the standout, with comparable sales up 10.2%, while Bluemercury grew 6.4%,\u00a0indicating\u00a0the higher-income consumer and luxury-oriented parts of the portfolio are carrying the recovery. The key positive is that Macy\u2019s converted the beat into a full-year guidance raise rather than treating it as one-off upside. Management\u2019s focus on full-price selling, better brand mix, store optimization, and stronger execution in beauty, shoes, handbags, and contemporary apparel appears to be working. The stock reaction was modestly positive, with shares up around 1% premarket after the release. The principal variables to monitor are whether core Macy\u2019s stores can sustain positive comps, whether Bloomingdale\u2019s and Bluemercury continue to offset weakness in more value-sensitive categories, and whether macro pressure from fuel and tariffs starts to weigh more noticeably on the middle-income customer.\u00a0<\/span><b><span data-contrast=\"auto\">2Q26\u00a0recommended trading range: $18\u00a0to $24. Neutral Outlook.<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Macy\u2019s,\u00a0Inc.\uff08M<\/span><\/b><b><span data-contrast=\"auto\">)<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span data-contrast=\"auto\">48.6<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f<\/span><span data-contrast=\"auto\">1.7%<\/span><span data-contrast=\"auto\">\uff0c\u8d85\u51fa\u9884\u671f<\/span><span data-contrast=\"auto\">2.8<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/span><\/b><span data-contrast=\"auto\">0.13<\/span><span data-contrast=\"auto\">\u7f8e\u5143\uff0c\u5927\u5e45\u8d85\u51fa\u9884\u671f<\/span><span data-contrast=\"auto\">0.10<\/span><span data-contrast=\"auto\">\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u5168\u5e74\u6307\u5f15\uff1a<\/span><\/b><span data-contrast=\"auto\">\u4e0a\u8c03\u5168\u5e74\u51c0\u9500\u552e\u989d\u81f3<\/span><span data-contrast=\"auto\">215<\/span><span data-contrast=\"auto\">\u4ebf\u2013<\/span><span data-contrast=\"auto\">217.5<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff08\u539f\u4e3a<\/span><span data-contrast=\"auto\">214<\/span><span data-contrast=\"auto\">\u4ebf\u2013<\/span><span data-contrast=\"auto\">216.5<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff09\uff1b\u4e0a\u8c03\u8c03\u6574\u540e<\/span><span data-contrast=\"auto\">EPS<\/span><span data-contrast=\"auto\">\u81f3<\/span><span data-contrast=\"auto\">2.00\u20132.20<\/span><span data-contrast=\"auto\">\u7f8e\u5143\uff08\u539f\u4e3a<\/span><span data-contrast=\"auto\">1.90\u20132.10<\/span><span data-contrast=\"auto\">\u7f8e\u5143\uff09\uff1b\u540c\u5e97\u9500\u552e\u589e\u957f\u6307\u5f15\u4e0a\u8c03\u81f3<\/span><span data-contrast=\"auto\">0.5%\u20131.2%<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u80a1\u606f\uff1a<\/span><\/b><span data-contrast=\"auto\">\u8463\u4e8b\u4f1a\u6b64\u524d\u5df2\u5ba3\u5e03\u5b63\u5ea6\u80a1\u606f\u6bcf\u80a1<\/span><span data-contrast=\"auto\">0.1915<\/span><span data-contrast=\"auto\">\u7f8e\u5143\uff0c\u4e8e<\/span><span data-contrast=\"auto\">2026<\/span><span data-contrast=\"auto\">\u5e74<\/span><span data-contrast=\"auto\">4<\/span><span data-contrast=\"auto\">\u6708<\/span><span data-contrast=\"auto\">1<\/span><span data-contrast=\"auto\">\u65e5\u652f\u4ed8<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"5\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u77ed\u8bc4\uff1a<\/span><\/b><span data-contrast=\"auto\">\u672c\u5b63\u5ea6\u8868\u73b0\u663e\u8457\u4f18\u4e8e\u5e02\u573a\u9884\u671f\u3002\u51c0\u9500\u552e\u989d\u540c\u6bd4\u589e\u957f<\/span><span data-contrast=\"auto\">1.8%<\/span><span data-contrast=\"auto\">\u81f3<\/span><span data-contrast=\"auto\">46.8<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff08\u6ce8\uff1a\u8d22\u62a5\u516c\u5e03\u603b\u8425\u6536\u4e3a<\/span><span data-contrast=\"auto\">48.6<\/span><span data-contrast=\"auto\">\u4ebf\uff0c\u6b64\u5904\u6216\u542b\u5176\u4ed6\u6536\u5165\uff09\uff0c\u540c\u5e97\u9500\u552e\u989d\u5927\u589e<\/span><span data-contrast=\"auto\">3.0%<\/span><span data-contrast=\"auto\">\uff0c\u4e3a\u8fd1\u56db\u5e74\u6765\u6700\u4f73\u4e00\u5b63\u5ea6\u8868\u73b0\u3002\u589e\u957f\u7531\u9ad8\u7aef\u54c1\u724c\u9a71\u52a8\uff1a<\/span><span data-contrast=\"auto\">Bloomingdale\u2019s<\/span><span data-contrast=\"auto\">\u540c\u5e97\u9500\u552e\u98d9\u5347<\/span><span data-contrast=\"auto\">10.2%\uff0cBluemercury<\/span><span data-contrast=\"auto\">\u589e\u957f<\/span><span data-contrast=\"auto\">6.4%<\/span><span data-contrast=\"auto\">\uff0c\u663e\u793a\u9ad8\u6536\u5165\u5ba2\u7fa4\u53ca\u5962\u4f88\u54c1\u677f\u5757\u6b63\u5f15\u9886\u590d\u82cf\uff0c\u6709\u6548\u5bf9\u51b2\u5927\u4f17\u6d88\u8d39\u75b2\u8f6f\u3002\u6838\u5fc3\u4eae\u70b9\u5728\u4e8e\uff0c\u7ba1\u7406\u5c42\u5c06\u8d85\u9884\u671f\u8f6c\u5316\u4e3a\u5168\u5e74\u6307\u5f15\u4e0a\u8c03\uff0c\u800c\u975e\u89c6\u4e3a\u4e00\u6b21\u6027\u5229\u597d\uff0c\u53cd\u6620\u5176\u201c\u5168\u4ef7\u9500\u552e\u3001\u4f18\u5316\u54c1\u724c\u7ec4\u5408\u3001\u95e8\u5e97\u6548\u7387\u63d0\u5347\u201d\u6218\u7565\u5728\u7f8e\u5986\u3001\u978b\u5c65\u3001\u624b\u888b\u53ca\u5f53\u4ee3\u670d\u9970\u7b49\u54c1\u7c7b\u5df2\u89c1\u6210\u6548\u3002\u8d22\u62a5\u53d1\u5e03\u540e\u80a1\u4ef7\u76d8\u524d\u5fae\u6da8\u7ea6<\/span><span data-contrast=\"auto\">1%<\/span><span data-contrast=\"auto\">\uff0c\u53cd\u5e94\u6e29\u548c\u2014\u2014\u5e02\u573a\u6216\u4ecd\u62c5\u5fe7\u4e2d\u4ea7\u6d88\u8d39\u8005\u627f\u538b\u3002\u540e\u7eed\u5173\u952e\u53d8\u91cf\u5305\u62ec\uff1a\uff08<\/span><span data-contrast=\"auto\">1<\/span><span data-contrast=\"auto\">\uff09\u6838\u5fc3<\/span><span data-contrast=\"auto\">Macy\u2019s<\/span><span data-contrast=\"auto\">\u95e8\u5e97\u80fd\u5426\u7ef4\u6301\u6b63\u5411\u540c\u5e97\u589e\u957f\uff1b\uff08<\/span><span data-contrast=\"auto\">2\uff09Bloomingdale\u2019s<\/span><span data-contrast=\"auto\">\u4e0e<\/span><span data-contrast=\"auto\">Bluemercury<\/span><span data-contrast=\"auto\">\u80fd\u5426\u6301\u7eed\u62b5\u6d88\u4ef7\u503c\u654f\u611f\u54c1\u7c7b\u7684\u5f31\u52bf\uff1b\uff08<\/span><span data-contrast=\"auto\">3<\/span><span data-contrast=\"auto\">\uff09\u71c3\u6cb9\u6210\u672c\u4e0e\u5173\u7a0e\u538b\u529b\u662f\u5426\u8fdb\u4e00\u6b65\u4fb5\u8680\u4e2d\u7b49\u6536\u5165\u5bb6\u5ead\u652f\u51fa\u80fd\u529b\u3002<\/span><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a<\/span><\/b><b><span data-contrast=\"auto\">18<\/span><\/b><b><span data-contrast=\"auto\">\u7f8e\u5143\u81f3<\/span><\/b><b><span data-contrast=\"auto\">24<\/span><\/b><b><span data-contrast=\"auto\">\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f<\/span><\/b><b><span data-contrast=\"auto\">\u3002<\/span><\/b>\u00a0<br \/><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><b><span data-contrast=\"auto\">Broadcom Inc. (AVGO)<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"6\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">2Q26\u00a0Revenue:\u00a0<\/span><\/b><span data-contrast=\"auto\">$22.19B<\/span><span data-contrast=\"auto\">,\u00a0+47.9% YoY, beat estimates\u00a0by\u00a0$70M<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"7\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">2Q26\u00a0Non-GAAP\u00a0EPS<\/span><\/b><span data-contrast=\"auto\">:\u00a0<\/span><span data-contrast=\"auto\">$2.44, beat estimates by $0.04<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"8\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">3Q26<\/span><\/b><b><span data-contrast=\"auto\">\u00a0Guidance:<\/span><\/b><span data-contrast=\"auto\">\u00a03Q26 revenue guided to about $29.4B, above consensus. Management expects AI semiconductor revenue to reach about $16B in 3Q26 and reiterated its view that AI revenue can exceed $100B by 2027.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"9\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Comment:\u00a0<\/span><\/b><span data-contrast=\"auto\">This was a strong quarter. Semiconductor revenue reached about $15.0B, infrastructure software revenue was about $7.18B, and AI revenue surged 143% YoY to $10.8B. The print confirms Broadcom\u00a0remains\u00a0one of the clearest beneficiaries of\u00a0hyperscaler\u00a0AI capex, especially through custom AI chips and networking exposure. The main issue was expectations rather than execution. Although 3Q guidance was above consensus, the market had been positioned for an even larger upside surprise after\u00a0a very strong\u00a0run into the print. The stock fell sharply after hours, ranging from\u00a0roughly 6%\u00a0to as much as 15%, which\u00a0indicates\u00a0investors were looking for a higher AI revenue step-up or a larger revision to the longer-term AI outlook. The principal variables to monitor are AI revenue conversion through 2H26, customer concentration within custom silicon, software revenue mix as semis grow faster, and whether\u00a0hyperscaler\u00a0AI spending\u00a0remains\u00a0aggressive enough to sustain the current valuation.\u00a0<\/span><b><span data-contrast=\"auto\">3Q26\u00a0recommended trading range: $370\u00a0to $550.\u00a0Positive\u00a0Outlook.<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Broadcom\u00a0Inc.\uff08AVGO<\/span><\/b><b><span data-contrast=\"auto\">)<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"6\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span data-contrast=\"auto\">221.9<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f<\/span><span data-contrast=\"auto\">47.9%<\/span><span data-contrast=\"auto\">\uff0c\u8d85\u51fa\u9884\u671f<\/span><span data-contrast=\"auto\">7000<\/span><span data-contrast=\"auto\">\u4e07\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"7\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/span><\/b><span data-contrast=\"auto\">2.44<\/span><span data-contrast=\"auto\">\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f<\/span><span data-contrast=\"auto\">0.04<\/span><span data-contrast=\"auto\">\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"8\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u6307\u5f15\uff1a<\/span><\/b><span data-contrast=\"auto\">\u8425\u6536\u7ea6<\/span><span data-contrast=\"auto\">294<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff08\u9ad8\u4e8e\u5e02\u573a\u5171\u8bc6\uff09\uff1b<\/span><span data-contrast=\"auto\">AI<\/span><span data-contrast=\"auto\">\u534a\u5bfc\u4f53\u6536\u5165\u9884\u8ba1\u8fbe<\/span><span data-contrast=\"auto\">160<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff1b\u91cd\u7533<\/span><span data-contrast=\"auto\">2027<\/span><span data-contrast=\"auto\">\u5e74<\/span><span data-contrast=\"auto\">AI<\/span><span data-contrast=\"auto\">\u76f8\u5173\u6536\u5165\u6709\u671b\u7a81\u7834<\/span><span data-contrast=\"auto\">1000<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"9\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u77ed\u8bc4\uff1a<\/span><\/b><span data-contrast=\"auto\">\u672c\u5b63\u5ea6\u8868\u73b0\u5f3a\u52b2\uff0c\u8fdb\u4e00\u6b65\u5de9\u56fa<\/span><span data-contrast=\"auto\">Broadcom<\/span><span data-contrast=\"auto\">\u4f5c\u4e3a<\/span><span data-contrast=\"auto\">AI<\/span><span data-contrast=\"auto\">\u57fa\u7840\u8bbe\u65bd\u6838\u5fc3\u53d7\u76ca\u8005\u7684\u5730\u4f4d\u3002\u534a\u5bfc\u4f53\u4e1a\u52a1\u6536\u5165\u7ea6<\/span><span data-contrast=\"auto\">150<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff0c\u5176\u4e2d<\/span><span data-contrast=\"auto\">AI<\/span><span data-contrast=\"auto\">\u6536\u5165\u540c\u6bd4\u66b4\u589e<\/span><span data-contrast=\"auto\">143%<\/span><span data-contrast=\"auto\">\u81f3<\/span><span data-contrast=\"auto\">108<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff1b\u57fa\u7840\u8bbe\u65bd\u8f6f\u4ef6\u6536\u5165<\/span><span data-contrast=\"auto\">71.8<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff0c\u6574\u4f53\u7ed3\u6784\u5065\u5eb7\u3002\u516c\u53f8\u6df1\u5ea6\u7ed1\u5b9a\u8d85\u5927\u89c4\u6a21\u5ba2\u6237\uff08<\/span><span data-contrast=\"auto\">hyperscalers<\/span><span data-contrast=\"auto\">\uff09\uff0c\u901a\u8fc7\u5b9a\u5236<\/span><span data-contrast=\"auto\">AI<\/span><span data-contrast=\"auto\">\u82af\u7247\u4e0e\u9ad8\u901f\u7f51\u7edc\u89e3\u51b3\u65b9\u6848\u6301\u7eed\u6355\u83b7\u9ad8\u4ef7\u503c\u8ba2\u5355\u3002\u7136\u800c\uff0c\u5e02\u573a\u53cd\u5e94\u5374\u663e\u8457\u8d1f\u9762\u2014\u2014\u76d8\u540e\u80a1\u4ef7\u5927\u8dcc<\/span><span data-contrast=\"auto\">6%\u201315%<\/span><span data-contrast=\"auto\">\uff0c\u4e3b\u56e0\u5728\u4e8e\uff1a\u5c3d\u7ba1<\/span><span data-contrast=\"auto\">Q3<\/span><span data-contrast=\"auto\">\u6307\u5f15\u8d85\u9884\u671f\uff0c\u4f46\u6295\u8d44\u8005\u5728\u8d22\u62a5\u524d\u5df2<\/span><span data-contrast=\"auto\">price in<\/span><span data-contrast=\"auto\">\u66f4\u5927\u5e45\u5ea6\u7684<\/span><span data-contrast=\"auto\">AI<\/span><span data-contrast=\"auto\">\u6536\u5165\u8dc3\u5347\u6216\u957f\u671f\u76ee\u6807\u4e0a\u8c03\uff0c\u5b9e\u9645\u7ed3\u679c\u88ab\u89c6\u4e3a\u201c\u867d\u597d\u4f46\u4e0d\u591f\u60ca\u8273\u201d\u3002\u5f53\u524d\u4f30\u503c\u9ad8\u5ea6\u4f9d\u8d56<\/span><span data-contrast=\"auto\">AI<\/span><span data-contrast=\"auto\">\u652f\u51fa\u6301\u7eed\u9ad8\u589e\u957f\uff0c\u4efb\u4f55\u589e\u901f\u8fb9\u9645\u653e\u7f13\u90fd\u53ef\u80fd\u5f15\u53d1\u91cd\u4f30\u3002\u540e\u7eed\u5173\u952e\u53d8\u91cf\u5305\u62ec\uff1a\uff08<\/span><span data-contrast=\"auto\">1\uff092026<\/span><span data-contrast=\"auto\">\u5e74\u4e0b\u534a\u5e74<\/span><span data-contrast=\"auto\">AI<\/span><span data-contrast=\"auto\">\u6536\u5165\u8f6c\u5316\u8282\u594f\uff1b\uff08<\/span><span data-contrast=\"auto\">2<\/span><span data-contrast=\"auto\">\uff09\u5b9a\u5236\u82af\u7247\u4e1a\u52a1\u5bf9\u5c11\u6570\u5927\u5ba2\u6237\u7684\u96c6\u4e2d\u5ea6\u98ce\u9669\uff1b\uff08<\/span><span data-contrast=\"auto\">3<\/span><span data-contrast=\"auto\">\uff09\u968f\u7740\u534a\u5bfc\u4f53\u589e\u901f\u8fdc\u8d85\u8f6f\u4ef6\uff0c\u6574\u4f53\u6536\u5165\u7ed3\u6784\u53d8\u5316\u5bf9\u5229\u6da6\u7387\u7684\u5f71\u54cd\uff1b\uff08<\/span><span data-contrast=\"auto\">4<\/span><span data-contrast=\"auto\">\uff09\u8d85\u5927\u89c4\u6a21\u5ba2\u6237\u662f\u5426\u7ef4\u6301\u6fc0\u8fdb\u7684<\/span><span data-contrast=\"auto\">AI<\/span><span data-contrast=\"auto\">\u8d44\u672c\u5f00\u652f\u3002<\/span><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a<\/span><\/b><b><span data-contrast=\"auto\">370<\/span><\/b><b><span data-contrast=\"auto\">\u7f8e\u5143\u81f3<\/span><\/b><b><span data-contrast=\"auto\">550<\/span><\/b><b><span data-contrast=\"auto\">\u7f8e\u5143\u3002\u79ef\u6781\u524d\u666f<\/span><\/b><b><span data-contrast=\"auto\">\u3002<\/span><\/b>\u00a0<br \/><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><b><span data-contrast=\"auto\">CrowdStrike Holdings, Inc.\u00a0(CRWD)<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"10\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">1Q27\u00a0Revenue:\u00a0<\/span><\/b><span data-contrast=\"auto\">$1.39B<\/span><span data-contrast=\"auto\">,\u00a0+26.4% YoY,\u00a0beat\u00a0estimates by $30M<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"11\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">1Q27\u00a0Non-GAAP\u00a0EPS<\/span><\/b><span data-contrast=\"auto\">:\u00a0<\/span><span data-contrast=\"auto\">$1.10, beat estimates by $0.03<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"12\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">2Q27<\/span><\/b><b><span data-contrast=\"auto\">\u00a0Guidance:<\/span><\/b><span data-contrast=\"auto\">\u00a02Q27 revenue\u00a0is guided to\u00a0about $1.439B and adjusted EPS\u00a0to $1.16\u00a0to $1.17.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"13\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">FY27 Guidance:<\/span><\/b><span data-contrast=\"auto\">\u00a0Raised FY27 revenue guidance to $5.91B to $5.96B from $5.87B to $5.93B. Raised FY27 adjusted EPS guidance to $4.88 to $4.96 from $4.78 to $4.90.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"14\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Comment:\u00a0<\/span><\/b><span data-contrast=\"auto\">This was a strong quarter. Revenue grew 26% YoY, annual recurring revenue rose 24% to $5.51B, and net new ARR increased 32% to $256M, which\u00a0indicates\u00a0solid platform adoption and healthy enterprise demand. The swing to GAAP profitability is also a positive signal, even though the market continues to focus more on recurring growth than on near-term accounting earnings. The main issue was expectations. Even with the beat and raised full-year outlook, the stock fell about\u00a012% after hours because the shares had already run hard into the print, and some investors viewed the Q2 guide as only roughly in line rather than a major upside surprise.\u00a0<\/span><b><span data-contrast=\"auto\">2Q27\u00a0recommended trading range: $580\u00a0to $800.\u00a0Neutral\u00a0Outlook.<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">CrowdStrike Holdings,\u00a0Inc.\uff08CRWD<\/span><\/b><b><span data-contrast=\"auto\">)<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"10\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">27<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span data-contrast=\"auto\">13.9<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f<\/span><span data-contrast=\"auto\">26.4%<\/span><span data-contrast=\"auto\">\uff0c\u8d85\u51fa\u9884\u671f<\/span><span data-contrast=\"auto\">3000<\/span><span data-contrast=\"auto\">\u4e07\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"11\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">27<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/span><\/b><span data-contrast=\"auto\">1.10<\/span><span data-contrast=\"auto\">\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f<\/span><span data-contrast=\"auto\">0.03<\/span><span data-contrast=\"auto\">\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"12\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">27<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u6307\u5f15\uff1a<\/span><\/b><span data-contrast=\"auto\">\u8425\u6536\u7ea6<\/span><span data-contrast=\"auto\">14.39<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff0c\u8c03\u6574\u540e\u6bcf\u80a1\u6536\u76ca<\/span><span data-contrast=\"auto\">1.16\u20131.17<\/span><span data-contrast=\"auto\">\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"13\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">27<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u5168\u5e74\u6307\u5f15\uff1a<\/span><\/b><span data-contrast=\"auto\">\u4e0a\u8c03\u5168\u5e74\u8425\u6536\u81f3<\/span><span data-contrast=\"auto\">59.1<\/span><span data-contrast=\"auto\">\u4ebf\u2013<\/span><span data-contrast=\"auto\">59.6<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff08\u539f\u4e3a<\/span><span data-contrast=\"auto\">58.7<\/span><span data-contrast=\"auto\">\u4ebf\u2013<\/span><span data-contrast=\"auto\">59.3<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff09\uff1b\u4e0a\u8c03\u8c03\u6574\u540e<\/span><span data-contrast=\"auto\">EPS<\/span><span data-contrast=\"auto\">\u81f3<\/span><span data-contrast=\"auto\">4.88\u20134.96<\/span><span data-contrast=\"auto\">\u7f8e\u5143\uff08\u539f\u4e3a<\/span><span data-contrast=\"auto\">4.78\u20134.90<\/span><span data-contrast=\"auto\">\u7f8e\u5143\uff09<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"14\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u77ed\u8bc4\uff1a<\/span><\/b><span data-contrast=\"auto\">\u672c\u5b63\u5ea6\u8868\u73b0\u5f3a\u52b2\u3002\u8425\u6536\u540c\u6bd4\u589e\u957f<\/span><span data-contrast=\"auto\">26%<\/span><span data-contrast=\"auto\">\uff0c\u5e74\u5ea6\u7ecf\u5e38\u6027\u6536\u5165\uff08<\/span><span data-contrast=\"auto\">ARR<\/span><span data-contrast=\"auto\">\uff09\uff0c\u51c0\u65b0\u589e<\/span><span data-contrast=\"auto\">ARR<\/span><span data-contrast=\"auto\">\u8fbe<\/span><span data-contrast=\"auto\">2.56<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff08<\/span><span data-contrast=\"auto\">+32% YoY<\/span><span data-contrast=\"auto\">\uff09\uff0c\u663e\u793a\u5176\u5e73\u53f0\u5316\u6218\u7565\u6301\u7eed\u83b7\u5f97\u4f01\u4e1a\u5ba2\u6237\u8ba4\u53ef\uff0c\u5b89\u5168\u9700\u6c42\u4fdd\u6301\u5065\u5eb7\u3002\u516c\u53f8\u4ea6\u9996\u6b21\u5b9e\u73b0<\/span><span data-contrast=\"auto\">GAAP<\/span><span data-contrast=\"auto\">\u53e3\u5f84\u76c8\u5229\uff0c\u867d\u5e02\u573a\u66f4\u5173\u6ce8\u589e\u957f\u8d28\u91cf\u800c\u975e\u4f1a\u8ba1\u5229\u6da6\uff0c\u4f46\u4ecd\u5c5e\u79ef\u6781\u4fe1\u53f7\u3002\u7136\u800c\uff0c\u80a1\u4ef7\u76d8\u540e\u5927\u8dcc\u7ea6<\/span><span data-contrast=\"auto\">12%<\/span><span data-contrast=\"auto\">\uff0c\u4e3b\u56e0\u5728\u4e8e\uff1a\uff08<\/span><span data-contrast=\"auto\">1<\/span><span data-contrast=\"auto\">\uff09\u8d22\u62a5\u524d\u80a1\u4ef7\u5df2\u5927\u5e45\u4e0a\u6da8\uff0c\u900f\u652f\u90e8\u5206\u4e50\u89c2\u9884\u671f\uff1b\uff08<\/span><span data-contrast=\"auto\">2\uff09Q2<\/span><span data-contrast=\"auto\">\u6307\u5f15\u4ec5\u7565\u9ad8\u4e8e\u6216\u57fa\u672c\u7b26\u5408\u5171\u8bc6\uff0c\u672a\u5e26\u6765\u663e\u8457\u4e0a\u4fee\u60ca\u559c\u3002\u6295\u8d44\u8005\u5bf9\u201c\u5b8c\u7f8e\u5151\u73b0\u201d\u8981\u6c42\u63d0\u9ad8\uff0c\u5bfc\u81f4\u5229\u597d\u51fa\u5c3d\u5f0f\u56de\u8c03\u3002\u540e\u7eed\u5173\u952e\u53d8\u91cf\u5305\u62ec\uff1a\uff08<\/span><span data-contrast=\"auto\">1\uff09ARR<\/span><span data-contrast=\"auto\">\u589e\u957f\u80fd\u5426\u7ef4\u6301\u5728<\/span><span data-contrast=\"auto\">20%+<\/span><span data-contrast=\"auto\">\u533a\u95f4\uff1b\uff08<\/span><span data-contrast=\"auto\">2<\/span><span data-contrast=\"auto\">\uff09\u5e73\u53f0\u4ea4\u53c9\u9500\u552e\uff08\u5982<\/span><span data-contrast=\"auto\">Identity\u3001LogScale\u3001Workload<\/span><span data-contrast=\"auto\">\u7b49\u6a21\u5757\uff09\u662f\u5426\u52a0\u901f\uff1b\uff08<\/span><span data-contrast=\"auto\">3<\/span><span data-contrast=\"auto\">\uff09\u5229\u6da6\u7387\u6269\u5f20\u8def\u5f84\u662f\u5426\u6e05\u6670\uff1b\uff08<\/span><span data-contrast=\"auto\">4<\/span><span data-contrast=\"auto\">\uff09\u5b8f\u89c2\u73af\u5883\u662f\u5426\u5f71\u54cd\u4f01\u4e1a\u5b89\u5168\u9884\u7b97\u3002\u5c3d\u7ba1\u77ed\u671f\u6ce2\u52a8\uff0c\u957f\u671f\u4e91\u539f\u751f\u5b89\u5168\u9f99\u5934\u5730\u4f4d\u7a33\u56fa\u3002<\/span><b><span data-contrast=\"auto\">27<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a<\/span><\/b><b><span data-contrast=\"auto\">580<\/span><\/b><b><span data-contrast=\"auto\">\u7f8e\u5143\u81f3<\/span><\/b><b><span data-contrast=\"auto\">800<\/span><\/b><b><span data-contrast=\"auto\">\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f<\/span><\/b><b><span data-contrast=\"auto\">\u3002<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Veeva Systems Inc. (VEEV)<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"15\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">1<\/span><\/b><b><span data-contrast=\"auto\">Q27\u00a0Revenue:\u00a0<\/span><\/b><span data-contrast=\"auto\">$882.95M,\u00a0+16.3% YoY,\u00a0beat\u00a0estimates by $25.22M<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"16\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">1<\/span><\/b><b><span data-contrast=\"auto\">Q27\u00a0Non-GAAP\u00a0EPS<\/span><\/b><span data-contrast=\"auto\">:\u00a0$2.24, beat estimates by $0.10<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"17\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">2Q27\u00a0Guidance:\u00a0<\/span><\/b><span data-contrast=\"auto\">Expects\u00a0revenue of $902M\u00a0to $905M, with a midpoint of $903.5M\u00a0exceeding the consensus of $888.4M. Adjusted EPS guidance of $2.21 to $2.22 also topped the $2.19 estimate.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"18\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">FY27 Guidance:\u00a0<\/span><\/b><span data-contrast=\"auto\">Expects revenue of $3.635B to $3.645B, with the $3.64B midpoint above the $3.6B consensus, while adjusted EPS guidance of $9.05 surpassed the $8.87 estimate.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"19\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Comment:\u00a0<\/span><\/b><span data-contrast=\"auto\">Veeva Systems delivered a strong first quarter, with revenue rising 16% YoY to US$882.9mn and adjusted EPS of US$2.24, both exceeding analyst expectations. Growth was broad-based across the business, with subscription revenue, the company\u2019s largest segment, growing 15% to US$730.2mn, while professional services revenue also increased significantly. Profitability remained strong, with adjusted operating income and adjusted net income both rising 13% YoY. The company continued to gain traction with its next-generation Vault CRM platform, adding 27 new customers during the quarter and surpassing 150 live customers, while the acquisition of Ostro expanded its AI capabilities through conversational AI solutions already serving more than 50 brands. Management raised guidance for both fiscal 2027 revenue and earnings, reflecting confidence in continued execution and demand across the life sciences industry. Looking ahead, Veeva appears well positioned to\u00a0benefit\u00a0from ongoing digital transformation within pharmaceutical and biotech companies, increasing adoption of Vault CRM, and growing demand for AI-enabled workflows. With a large addressable market, strong recurring subscription revenue, and expanding product ecosystem, the company has the potential to sustain double-digit growth while further expanding margins over the medium term.<\/span><b><span data-contrast=\"auto\">\u00a02Q27 recommended trading range: $160 to $190. Neutral Outlook<\/span><\/b><b><span data-contrast=\"auto\">.<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Veeva Systems\u00a0Inc.\uff08VEEV<\/span><\/b><b><span data-contrast=\"auto\">)<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"15\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">27<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span data-contrast=\"auto\">8.8295<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f<\/span><span data-contrast=\"auto\">16.3%<\/span><span data-contrast=\"auto\">\uff0c\u8d85\u51fa\u9884\u671f<\/span><span data-contrast=\"auto\">2522<\/span><span data-contrast=\"auto\">\u4e07\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"16\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">27<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/span><\/b><span data-contrast=\"auto\">2.24<\/span><span data-contrast=\"auto\">\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f<\/span><span data-contrast=\"auto\">0.10<\/span><span data-contrast=\"auto\">\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"17\" data-aria-level=\"1\"><span data-contrast=\"auto\">27<\/span><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u6307\u5f15\uff1a\u8425\u6536<\/span><span data-contrast=\"auto\">9.02<\/span><span data-contrast=\"auto\">\u4ebf<\/span><span data-contrast=\"auto\">-9.05<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff08\u4e2d\u503c<\/span><span data-contrast=\"auto\">9.035<\/span><span data-contrast=\"auto\">\u4ebf\uff0c\u9ad8\u4e8e\u5e02\u573a\u5171\u8bc6<\/span><span data-contrast=\"auto\">8.884<\/span><span data-contrast=\"auto\">\u4ebf\uff09\uff1b\u8c03\u6574\u540e<\/span><span data-contrast=\"auto\">EPS 2.21\u20132.22<\/span><span data-contrast=\"auto\">\u7f8e\u5143\uff08\u9ad8\u4e8e\u9884\u671f<\/span><span data-contrast=\"auto\">2.19<\/span><span data-contrast=\"auto\">\u7f8e\u5143\uff09<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"18\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">27<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u5168\u5e74\u6307\u5f15\uff1a<\/span><\/b><span data-contrast=\"auto\">\u8425\u6536<\/span><span data-contrast=\"auto\">36.35<\/span><span data-contrast=\"auto\">\u4ebf<\/span><span data-contrast=\"auto\">-36.45<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff08\u4e2d\u503c<\/span><span data-contrast=\"auto\">36.4<\/span><span data-contrast=\"auto\">\u4ebf\uff0c\u9ad8\u4e8e\u5171\u8bc6<\/span><span data-contrast=\"auto\">36<\/span><span data-contrast=\"auto\">\u4ebf\uff09\uff1b\u8c03\u6574\u540e<\/span><span data-contrast=\"auto\">EPS 9.05<\/span><span data-contrast=\"auto\">\u7f8e\u5143\uff08\u663e\u8457\u9ad8\u4e8e\u9884\u671f<\/span><span data-contrast=\"auto\">8.87<\/span><span data-contrast=\"auto\">\u7f8e\u5143\uff09<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"19\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u77ed\u8bc4\uff1a<\/span><\/b><span data-contrast=\"auto\">\u672c\u5b63\u5ea6\u8868\u73b0\u5f3a\u52b2\uff0c\u589e\u957f\u5168\u9762\u4e14\u9ad8\u8d28\u91cf\u3002\u6838\u5fc3\u8ba2\u9605\u6536\u5165\uff08\u5360\u603b\u8425\u6536\u7ea6<\/span><span data-contrast=\"auto\">83%<\/span><span data-contrast=\"auto\">\uff09\u540c\u6bd4\u589e\u957f<\/span><span data-contrast=\"auto\">15%<\/span><span data-contrast=\"auto\">\u81f3<\/span><span data-contrast=\"auto\">7.302<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff0c\u4e13\u4e1a\u670d\u52a1\u6536\u5165\u4ea6\u663e\u8457\u63d0\u5347\uff1b\u8c03\u6574\u540e\u8425\u4e1a\u5229\u6da6\u4e0e\u51c0\u5229\u6da6\u5747\u589e\u957f<\/span><span data-contrast=\"auto\">13%<\/span><span data-contrast=\"auto\">\uff0c\u663e\u793a\u5728\u9ad8\u589e\u957f\u540c\u65f6\u4ecd\u7ef4\u6301\u4f18\u5f02\u76c8\u5229\u80fd\u529b\u3002\u516c\u53f8\u6301\u7eed\u63a8\u8fdb\u4ea7\u54c1\u521b\u65b0\uff1a\u4e0b\u4e00\u4ee3<\/span><span data-contrast=\"auto\">Vault CRM<\/span><span data-contrast=\"auto\">\u5e73\u53f0\u65b0\u589e<\/span><span data-contrast=\"auto\">27<\/span><span data-contrast=\"auto\">\u5bb6\u5ba2\u6237\uff0c\u6d3b\u8dc3\u5ba2\u6237\u6570\u5df2\u8d85<\/span><span data-contrast=\"auto\">150<\/span><span data-contrast=\"auto\">\u5bb6\uff1b\u901a\u8fc7\u6536\u8d2d<\/span><span data-contrast=\"auto\">Ostro<\/span><span data-contrast=\"auto\">\uff0c\u5176\u5bf9\u8bdd\u5f0f<\/span><span data-contrast=\"auto\">AI<\/span><span data-contrast=\"auto\">\u89e3\u51b3\u65b9\u6848\u5df2\u670d\u52a1<\/span><span data-contrast=\"auto\">50<\/span><span data-contrast=\"auto\">\u591a\u4e2a\u54c1\u724c\uff0c\u5f3a\u5316\u4e86\u5728\u751f\u547d\u79d1\u5b66\u9886\u57df<\/span><span data-contrast=\"auto\">AI<\/span><span data-contrast=\"auto\">\u5de5\u4f5c\u6d41\u7684\u5e03\u5c40\u3002\u7ba1\u7406\u5c42\u540c\u6b65\u4e0a\u8c03\u5168\u5e74\u8425\u6536\u4e0e\u76c8\u5229\u6307\u5f15\uff0c\u53cd\u6620\u5bf9\u884c\u4e1a\u6570\u5b57\u5316\u9700\u6c42\u53ca\u81ea\u8eab\u6267\u884c\u529b\u7684\u9ad8\u5ea6\u4fe1\u5fc3\u3002<\/span><span data-contrast=\"auto\">Veeva<\/span><span data-contrast=\"auto\">\u6df1\u5ea6\u7ed1\u5b9a\u5236\u836f\u4e0e\u751f\u7269\u79d1\u6280\u884c\u4e1a\uff0c\u53d7\u76ca\u4e8e\u8be5\u9886\u57df\u6301\u7eed\u7684\u4e91\u8fc1\u79fb\u3001<\/span><span data-contrast=\"auto\">CRM<\/span><span data-contrast=\"auto\">\u5347\u7ea7\u53ca<\/span><span data-contrast=\"auto\">AI<\/span><span data-contrast=\"auto\">\u96c6\u6210\u8d8b\u52bf\uff0c\u5177\u5907\u6e05\u6670\u7684\u957f\u671f\u589e\u957f\u8def\u5f84\u3002\u5c3d\u7ba1\u4f30\u503c\u5df2\u53cd\u6620\u90e8\u5206\u4e50\u89c2\u9884\u671f\uff0c\u4f46\u5176\u9ad8\u80fd\u89c1\u5ea6\u7684\u7ecf\u5e38\u6027\u6536\u5165\u6a21\u5f0f\u4e0e\u6269\u5c55\u4e2d\u7684\u4ea7\u54c1\u751f\u6001\u652f\u6491\u4e2d\u671f\u53cc\u4f4d\u6570\u589e\u957f\u6f5c\u529b\u3002<\/span><b><span data-contrast=\"auto\">27<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a<\/span><\/b><b><span data-contrast=\"auto\">160<\/span><\/b><b><span data-contrast=\"auto\">\u7f8e\u5143\u81f3<\/span><\/b><b><span data-contrast=\"auto\">190<\/span><\/b><b><span data-contrast=\"auto\">\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f<\/span><\/b><b><span data-contrast=\"auto\">\u3002<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">PVH Corp. (PVH)<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"20\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">1Q26\u00a0Revenue:\u00a0<\/span><\/b><span data-contrast=\"auto\">$2.0B<\/span><span data-contrast=\"auto\">,\u00a0+1.0% YoY,\u00a0in-line with\u00a0estimates\u00a0<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"21\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">1Q26\u00a0Non-GAAP\u00a0EPS<\/span><\/b><span data-contrast=\"auto\">:\u00a0<\/span><span data-contrast=\"auto\">$2.01, beat estimates by $0.19<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"22\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">FY26<\/span><\/b><b><span data-contrast=\"auto\">\u00a0Guidance:<\/span><\/b><span data-contrast=\"auto\">\u00a0Revised revenue\u00a0projections\u00a0to\u00a0be\u00a0approximately flat\u00a0compared to a slight increase previously. Projected to decrease slightly on a constant currency basis compared to flat to a slight increase previously.\u00a0Reaffirmed operating margin\u00a0outlook\u00a0of approximately 8.8% on a non-GAAP basis\u00a0and\u00a0EPS\u00a0outlook\u00a0of a range of $11.80 to $12.10 on a non-GAAP basis.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"23\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Comment:\u00a0<\/span><\/b><span data-contrast=\"auto\">PVH Corp. reported a resilient first quarter, with revenue of US$2.03bn\u00a0slightly exceeding expectations, supported by strong direct-to-consumer performance as sales through stores and e-commerce grew across its Calvin Klein and Tommy Hilfiger brands. The company\u00a0benefited\u00a0from successful spring marketing campaigns, continued customer acquisition, investments in digital capabilities and store upgrades, while product categories such as Calvin Klein denim and underwear and Tommy Hilfiger sweaters and outerwear delivered solid growth. Operating margin came in at the high end of guidance, reflecting disciplined execution and product innovation. However, management revised its full-year outlook to account for the prolonged impact of the Middle East conflict on consumer spending in the EMEA region, resulting in an expectation for\u00a0roughly flat\u00a0fiscal 2026 revenue despite\u00a0maintaining\u00a0its non-GAAP operating margin target of approximately 8.8%.\u00a0Looking ahead, PVH\u2019s growth trajectory\u00a0will\u00a0likely depend\u00a0on its ability to sustain brand momentum at Calvin Klein and Tommy Hilfiger, expand direct-to-consumer penetration, and execute marketing initiatives, while navigating ongoing geopolitical uncertainty and softer consumer demand in Europe. If macro conditions stabilize, the company could be well positioned to translate its improving brand strength and operational discipline into renewed revenue growth and margin expansion.\u00a0<\/span><b><span data-contrast=\"auto\">2Q26\u00a0recommended trading range: $70\u00a0to $100. Neutral Outlook.<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">PVH\u00a0Corp.\uff08PVH<\/span><\/b><b><span data-contrast=\"auto\">)<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"20\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span data-contrast=\"auto\">20<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f<\/span><span data-contrast=\"auto\">1.0%<\/span><span data-contrast=\"auto\">\uff0c\u7b26\u5408\u5e02\u573a\u9884\u671f<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"21\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/span><\/b><span data-contrast=\"auto\">2.01<\/span><span data-contrast=\"auto\">\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f<\/span><span data-contrast=\"auto\">0.19<\/span><span data-contrast=\"auto\">\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"22\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u5168\u5e74\u6307\u5f15\uff1a<\/span><\/b><span data-contrast=\"auto\">\u5c06\u5168\u5e74\u8425\u6536\u9884\u671f\u4ece\u201c\u5c0f\u5e45\u589e\u957f\u201d\u4e0b\u8c03\u81f3\u201c\u5927\u81f4\u6301\u5e73\u201d\uff08\u6309\u56fa\u5b9a\u6c47\u7387\u8ba1\u7565\u6709\u4e0b\u964d\uff09\uff1b\u91cd\u7533\u975e<\/span><span data-contrast=\"auto\">GAAP<\/span><span data-contrast=\"auto\">\u8fd0\u8425\u5229\u6da6\u7387\u7ea6<\/span><span data-contrast=\"auto\">8.8%<\/span><span data-contrast=\"auto\">\u3001\u8c03\u6574\u540e<\/span><span data-contrast=\"auto\">EPS<\/span><span data-contrast=\"auto\">\u6307\u5f15<\/span><span data-contrast=\"auto\">11.80\u201312.10<\/span><span data-contrast=\"auto\">\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"23\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u77ed\u8bc4\uff1a<\/span><\/b><span data-contrast=\"auto\">\u672c\u5b63\u5ea6\u8868\u73b0\u7a33\u5065\u4e14\u5177\u97e7\u6027\u3002\u5c3d\u7ba1\u5b8f\u89c2\u73af\u5883\u627f\u538b\uff0c\u8425\u6536\u4ecd\u7565\u8d85\u9884\u671f\uff0c\u4e3b\u8981\u53d7\u76ca\u4e8e\u76f4\u8425\u6e20\u9053\uff08<\/span><span data-contrast=\"auto\">DTC\uff09\u2014\u2014Calvin Klein<\/span><span data-contrast=\"auto\">\u4e0e<\/span><span data-contrast=\"auto\">Tommy Hilfiger<\/span><span data-contrast=\"auto\">\u7684\u95e8\u5e97\u53ca\u7535\u5546\u4e1a\u52a1\u5747\u5b9e\u73b0\u589e\u957f\u3002\u6625\u5b63\u8425\u9500\u6d3b\u52a8\u6210\u6548\u663e\u8457\uff0c\u5ba2\u6237\u83b7\u53d6\u6301\u7eed\uff0c\u53e0\u52a0\u6570\u5b57\u80fd\u529b\u5efa\u8bbe\u4e0e\u95e8\u5e97\u5347\u7ea7\u6295\u5165\uff0c\u63a8\u52a8\u6838\u5fc3\u54c1\u7c7b\u5982<\/span><span data-contrast=\"auto\">CK<\/span><span data-contrast=\"auto\">\u725b\u4ed4<\/span><span data-contrast=\"auto\">\/<\/span><span data-contrast=\"auto\">\u5185\u8863\u3001<\/span><span data-contrast=\"auto\">Tommy<\/span><span data-contrast=\"auto\">\u6bdb\u8863<\/span><span data-contrast=\"auto\">\/<\/span><span data-contrast=\"auto\">\u5916\u5957\u8868\u73b0\u4eae\u773c\u3002\u8fd0\u8425\u5229\u6da6\u7387\u843d\u5728\u6307\u5f15\u533a\u95f4\u9ad8\u7aef\uff0c\u53cd\u6620\u516c\u53f8\u5728\u4ea7\u54c1\u521b\u65b0\u4e0e\u6210\u672c\u7eaa\u5f8b\u4e0a\u7684\u6709\u6548\u6267\u884c\u3002\u7136\u800c\uff0c\u7ba1\u7406\u5c42\u4e0b\u8c03\u5168\u5e74\u8425\u6536\u5c55\u671b\uff0c\u4e3b\u56e0\u4e2d\u4e1c\u51b2\u7a81\u5bf9\u6b27\u6d32\u3001\u4e2d\u4e1c\u548c\u975e\u6d32\uff08<\/span><span data-contrast=\"auto\">EMEA<\/span><span data-contrast=\"auto\">\uff09\u5730\u533a\u6d88\u8d39\u8005\u652f\u51fa\u9020\u6210\u6301\u7eed\u62d6\u7d2f\uff0c\u5bfc\u81f4\u56fd\u9645\u9700\u6c42\u75b2\u8f6f\u3002\u5c3d\u7ba1\u5982\u6b64\uff0c\u516c\u53f8\u7ef4\u6301\u5229\u6da6\u7387\u4e0e\u76c8\u5229\u6307\u5f15\uff0c\u663e\u793a\u5176\u901a\u8fc7\u5b9a\u4ef7\u3001\u4ea7\u54c1\u7ec4\u5408\u4f18\u5316\u53ca\u8fd0\u8425\u6548\u7387\u90e8\u5206\u62b5\u6d88\u4e86\u6536\u5165\u538b\u529b\u3002\u540e\u7eed\u5173\u952e\u53d8\u91cf\u5305\u62ec\uff1a\uff08<\/span><span data-contrast=\"auto\">1<\/span><span data-contrast=\"auto\">\uff09\u4e24\u5927\u54c1\u724c\u5728\u5168\u7403\uff08\u5c24\u5176\u6b27\u7f8e\uff09\u7684\u54c1\u724c\u52bf\u80fd\u80fd\u5426\u7ef4\u6301\uff1b\uff08<\/span><span data-contrast=\"auto\">2\uff09DTC<\/span><span data-contrast=\"auto\">\u6e17\u900f\u7387\u63d0\u5347\u901f\u5ea6\uff1b\uff08<\/span><span data-contrast=\"auto\">3<\/span><span data-contrast=\"auto\">\uff09\u5730\u7f18\u653f\u6cbb\u98ce\u9669\u662f\u5426\u7f13\u548c\uff1b\uff08<\/span><span data-contrast=\"auto\">4<\/span><span data-contrast=\"auto\">\uff09\u82e5\u5b8f\u89c2\u73af\u5883\u6539\u5584\uff0c\u516c\u53f8\u80fd\u5426\u5feb\u901f\u91cd\u542f\u589e\u957f\u5e76\u6269\u5927\u76c8\u5229\u7a7a\u95f4\u3002<\/span><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a<\/span><\/b><b><span data-contrast=\"auto\">70<\/span><\/b><b><span data-contrast=\"auto\">\u7f8e\u5143\u81f3<\/span><\/b><b><span data-contrast=\"auto\">100<\/span><\/b><b><span data-contrast=\"auto\">\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f<\/span><\/b><b><span data-contrast=\"auto\">\u3002<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-143500b elementor-widget elementor-widget-text-editor\" data-id=\"143500b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t\n<div class=\"wp-block-uagb-image uagb-block-62b24b08 wp-block-uagb-image--layout-default wp-block-uagb-image--effect-static wp-block-uagb-image--align-none\">\n<figure class=\"wp-block-uagb-image__figure\"><a class=\"\" href=\"https:\/\/www.whatsapp.com\/channel\/0029VayhkxMChq6JN6qO8x0B\" target=\"\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"uag-image-69995\" title=\"1\" role=\"img\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/1-1.png\" sizes=\"(max-width: 480px) 150px\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/1-1.png ,https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/1-1.png 780w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/1-1.png 360w\" alt=\"\" width=\"760\" height=\"208\" \/><\/a><\/figure>\n<\/div>\n\n<div class=\"wp-block-uagb-image uagb-block-82e9f322 wp-block-uagb-image--layout-default wp-block-uagb-image--effect-static wp-block-uagb-image--align-none\">\n<figure class=\"wp-block-uagb-image__figure\"><a class=\"\" href=\"https:\/\/t.me\/kgisg\" target=\"\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"uag-image-69996\" title=\"2\" role=\"img\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/2.png\" sizes=\"(max-width: 480px) 150px\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/2.png ,https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/2.png 780w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/2.png 360w\" alt=\"\" width=\"760\" height=\"208\" \/><\/a><\/figure>\n<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\n<\/div>\n\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>TECHNICAL ANALYSIS UNITED\u00a0STATES | SINGAPORE | HONG KONG | EARNINGS United States Microsoft Corp. (MSFT US) \u2022 Shares closed above the 20dEMA with elevated volume for the week.\u00a0\u00a0\u2022 Both RSI and MACD are constructive.\u00a0\u2022 Long \u2013 Entry 420, Target 480, Stop 390 Ouster, Inc. (OUST US)\u00a0 \u2022 Shares closed on the 5dEMA with elevated volume [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"_eb_attr":"","_uag_custom_page_level_css":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-90088","post","type-post","status-publish","format-standard","hentry","category-technical-analysis"],"aioseo_notices":[],"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false},"uagb_author_info":{"display_name":"Enya Tan","author_link":"https:\/\/www.kgieworld.sg\/research\/author\/enya-tankgi-com\/"},"uagb_comment_info":0,"uagb_excerpt":"TECHNICAL ANALYSIS UNITED\u00a0STATES | SINGAPORE | HONG KONG | EARNINGS United States Microsoft Corp. (MSFT US) \u2022 Shares closed above the 20dEMA with elevated volume for the week.\u00a0\u00a0\u2022 Both RSI and MACD are constructive.\u00a0\u2022 Long \u2013 Entry 420, Target 480, Stop 390 Ouster, Inc. (OUST US)\u00a0 \u2022 Shares closed on the 5dEMA with elevated volume&hellip;","_links":{"self":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/90088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/comments?post=90088"}],"version-history":[{"count":13,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/90088\/revisions"}],"predecessor-version":[{"id":90113,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/90088\/revisions\/90113"}],"wp:attachment":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/media?parent=90088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/categories?post=90088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/tags?post=90088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}