Nvidia Reports 85% Revenue Surge in Q1, Exceeds Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 20 2026
0mins
Source: CNBC
- Nvidia's Strong Performance: Nvidia reported a revenue of $81.62 billion for Q1, marking an 85% year-over-year increase that surpassed LSEG's analyst forecast of $78.86 billion, indicating robust market demand and technological leadership, although shares remained relatively unchanged, reflecting investor confidence in future growth.
- Intuit's Workforce Reduction: Intuit's announcement of a 17% workforce cut led to a 10.3% drop in its stock price, while its Q3 revenue of $8.56 billion fell short of the LSEG consensus of $8.61 billion, highlighting the challenges the company faces under economic pressure, which may impact its competitive position in the market.
- E.l.f. Beauty's Stock Surge: E.l.f. Beauty's shares rose nearly 5% after beating Wall Street expectations in Q4, and the company plans to reverse some tariff-related price increases to alleviate consumer hardship from rising gas prices, aiming to enhance brand loyalty and customer retention.
- Star Bulk Carriers Exceeds Earnings Expectations: Star Bulk Carriers reported earnings of 56 cents per share and revenue of $281.2 million for Q1, both exceeding FactSet analyst estimates of 47 cents and $225.9 million, resulting in a 3% increase in stock price, showcasing its strong performance and profitability in the shipping sector.
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Analyst Views on INTU
Wall Street analysts forecast INTU stock price to rise
18 Analyst Rating
16 Buy
2 Hold
0 Sell
Strong Buy
Current: 304.350
Low
700.00
Averages
814.59
High
880.00
Current: 304.350
Low
700.00
Averages
814.59
High
880.00
About INTU
Intuit Inc. offers a financial technology platform that helps consumers and small and mid-market businesses prosper by delivering financial management, compliance, and marketing products and services. It also provides specialized tax products to accounting professionals. It helps small and mid-market businesses grow and run their business all in one place, including bookkeeping, getting paid, accessing capital, paying employees, getting and retaining customers, and managing their customer relationships. The Company's offerings include TTurboTax, Credit Karma, QuickBooks, Mailchimp, and Intuit Enterprise Suite. Lacerte, ProSeries, and ProConnect Tax Online are its tax preparation offerings for professional accountants. Its financial management includes payments and capital, compliance, human capital management, and marketing products and services. For accounting professionals, the Company provides professional tax and financial management products and services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Intuit's Slowing Revenue Growth: In the third quarter of fiscal 2026, Intuit's revenue growth slowed to 10%, reaching $8.6 billion, and while the company raised its full-year outlook, the deceleration from 17% in the previous quarter highlights increasing market competition pressures.
- Significant Stock Price Decline: Intuit's stock has fallen over 50% in 2026, trading near $310, with a price-to-earnings ratio dropping to 19, reflecting market concerns about its future growth, especially amid intensifying AI competition.
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- Launch of Finance Assistant: OpenAI has introduced a personal finance assistant for Pro users in the U.S., allowing users to connect financial accounts to view spending and upcoming payments, which is expected to attract over 200 million financial inquiries monthly, posing a potential threat to Intuit's market share.
- Intuit's Slowing Revenue Growth: In the third quarter of fiscal 2026, Intuit's revenue growth slowed to 10%, reaching $8.6 billion, and while the company raised its full-year outlook, the deceleration from 17% in the previous quarter highlights increasing market competition pressures.
- Significant Stock Price Decline: Intuit's stock has fallen over 50% in 2026, trading near $310, with a price-to-earnings ratio dropping to 19, reflecting market concerns about its future growth, especially amid intensifying AI competition.
- Layoffs and Strategic Shift: Intuit plans to cut about 17% of its workforce to accelerate business transformation, while shifting focus to TurboTax Live, which is expected to account for 53% of TurboTax revenue, indicating the company's strategy to adapt to AI competition.
See More
U.S.-Iran Negotiation Fluctuations Impact Markets
- Oil Price Plunge: Oil prices dropped over 5% on Wednesday after Secretary of State Marco Rubio indicated that Washington was giving Iran talks 'every chance to succeed,' reflecting market sensitivity to diplomatic efforts and potentially impacting energy sector profitability.
- Escalation of Military Actions: New U.S. airstrikes in Iran targeted a military site deemed a threat to U.S. forces and commercial maritime traffic, adding uncertainty to the ongoing diplomatic negotiations and prompting investors to reassess risk levels in the market.
- Strong Tech Stock Performance: Shares of cloud-based AI and data platform company Snowflake surged 36% following a strong earnings report and a $6 billion investment plan in Amazon Web Services, showcasing investment enthusiasm and market confidence in the tech sector amid rising AI demand.
- Inflation Data Focus: Investors are closely watching the upcoming April inflation reading, which is expected to influence the Fed's future rate decisions, as Minneapolis Fed President Neel Kashkari emphasized that lowering inflation remains a top priority, indicating market sensitivity to economic policy.
See More
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- Executive Purchase: Gibraltar Industries CEO William T. Bosway purchased 19,735 shares of ROCK at $37.44 each on Tuesday, totaling $738,833, indicating confidence in the company's future, with the stock up 6.1% reflecting positive market sentiment.
- Historical Buying: Prior to this purchase, Bosway had bought ROCK twice in the past year for a total of $272,962 at an average of $38.99 per share, demonstrating his ongoing belief in the company's long-term value and bolstering investor trust in Gibraltar.
- Intuit Insider Trading: Intuit Director Vasant M. Prabhu bought 1,750 shares at $309.52 each on Tuesday, totaling $541,665, marking his first purchase in the past year, which signals confidence in the company's future growth prospects.
- Market Reaction: On Wednesday, Gibraltar Industries' stock rose 5.6%, while Intuit's stock increased by 2.4%, reflecting positive market reactions to the executives' purchases, which may further enhance investor confidence in both companies.
See More
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- AutoZone Performance Decline: AutoZone reported an 8% year-over-year revenue increase to $4.8 billion, yet its stock fell nearly 3% due to concerns over slowing growth and international market challenges, indicating market apprehension about its future prospects.
- Intuit Stock Crash: Intuit's shares have plummeted over 50% this year, despite a recent 10% revenue growth report; investor fears regarding AI disruption of its software business have led to a continued decline, with a current P/E ratio of just 11, suggesting significant undervaluation potential.
- PDD Holdings Financial Challenges: PDD Holdings reported $15.4 billion in revenue for the latest quarter, an 11% year-over-year increase, but its net income fell 15% to $1.8 billion, causing a more than 10% stock drop as the company embarks on a “deep transformation” and invests heavily in its supply chain to navigate market uncertainties.
- Investment Opportunity Assessment: Despite facing various challenges, AutoZone and PDD's low P/E ratios of 17 and 8 respectively indicate they could be solid picks for long-term investors, especially in a bearish market, presenting potential rebound opportunities.
See More
Wall Street Rises with Strong Tech Stock Performance
- Strong Market Rally: Futures indicate an up day for Wall Street as the S&P 500 and Nasdaq hit record highs, driven by AI-related stocks like Micron, which surged 19% and surpassed a $1 trillion market cap, reflecting robust demand for AI chips.
- Micron's Continued Ascent: Micron's stock rose another 7% in premarket trading, achieving a remarkable increase from $500 billion to $1 trillion in just 48 days, the fastest on record, highlighting the ongoing shortage and insatiable demand for memory chips, suggesting significant future growth potential.
- SK Hynix Joins the $1 Trillion Club: South Korean memory giant SK Hynix also crossed the $1 trillion market cap threshold in today's trading, underscoring the strong growth in the global memory market and the increasing demand driven by the AI era.
- Upgrades for FedEx and Danaher: JPMorgan upgraded FedEx from hold to buy with a price target raised to $460, citing attractive risk/reward ahead of its freight unit separation; meanwhile, Citi reinstated Danaher with a buy rating and a $230 price target, reflecting optimism in the bioprocessing sector.
See More
Wall Street's Latest Rating Changes Overview
- Openlane Upgrade: JPMorgan upgraded Openlane from neutral to overweight and raised its December 2026 price target to $38, indicating that the online used car marketplace is experiencing robust growth and has potential for sustainable expansion over the coming years.
- Dollar General Downgrade: Deutsche Bank downgraded Dollar General from buy to hold, citing challenges in its customer base and the widening gap in the K-shaped economy, which may limit same-store sales upside, reflecting a cautious outlook on the company.
- Ecolab Upgrade: UBS upgraded Ecolab from neutral to buy and raised its price target to $325, demonstrating strong demand and positive performance expectations for the chemicals company amid a favorable market environment.
- FedEx Upgrade: JPMorgan upgraded FedEx from neutral to overweight, expressing optimism ahead of its upcoming earnings report, particularly regarding the separation of its freight business, which is seen as an attractive risk-reward opportunity.
See More
