Earnings week ahead: NVDA, BABA, SNOW, CRWD, OKTA, MRVL, DELL, PDD, LI, BBY, and more

[Rolled newspaper with the headline Quarterly Results]
Zerbor

Next week marks the final stretch of August earnings, and it’s stacked with market-moving names across AI, tech, retail, financials, and energy.

On the tech front, results from NVIDIA (NASDAQ:NVDA [https://seekingalpha.com/symbol/NVDA]), Alibaba (NYSE:BABA [https://seekingalpha.com/symbol/BABA]), CrowdStrike (NASDAQ:CRWD [https://seekingalpha.com/symbol/CRWD]), Snowflake (NYSE:SNOW [https://seekingalpha.com/symbol/SNOW]), Marvell Technology (NASDAQ:MRVL [https://seekingalpha.com/symbol/MRVL]), Okta (NASDAQ:OKTA [https://seekingalpha.com/symbol/OKTA]), Dell (NYSE:DELL [https://seekingalpha.com/symbol/DELL]), MongoDB (NASDAQ:MDB [https://seekingalpha.com/symbol/MDB]), and Autodesk (NASDAQ:ADSK [https://seekingalpha.com/symbol/ADSK]) will provide a pulse check on AI adoption, cloud spending, and enterprise software demand.

In retail, investors will be watching Best Buy (NYSE:BBY [https://seekingalpha.com/symbol/BBY]), Dollar General (NYSE:DG [https://seekingalpha.com/symbol/DG]), Ulta Beauty (NASDAQ:ULTA [https://seekingalpha.com/symbol/ULTA]), Kohl’s (NYSE:KSS [https://seekingalpha.com/symbol/KSS]), Abercrombie & Fitch (NYSE:ANF [https://seekingalpha.com/symbol/ANF]), The Gap (GAP [https://seekingalpha.com/symbol/GAP]), DICK’S Sporting Goods (NYSE:DKS [https://seekingalpha.com/symbol/DKS]), Urban Outfitters (NASDAQ:URBN [https://seekingalpha.com/symbol/URBN]), Bath & Body Works (NYSE:BBWI [https://seekingalpha.com/symbol/BBWI]), and Victoria’s Secret (NYSE:VSCO [https://seekingalpha.com/symbol/VSCO]) for clues on consumer resilience heading into the holiday season.

Financial heavyweights including Toronto-Dominion (NYSE:TD [https://seekingalpha.com/symbol/TD]), Bank of Nova Scotia (NYSE:BNS [https://seekingalpha.com/symbol/BNS]), Royal Bank of Canada (NYSE:RY [https://seekingalpha.com/symbol/RY]), Bank of Montreal (NYSE:BMO [https://seekingalpha.com/symbol/BMO]), and Canadian Imperial Bank of Commerce (NYSE:CM [https://seekingalpha.com/symbol/CM]) will shed light on credit demand and lending trends.

Meanwhile, Li Auto (NASDAQ:LI [https://seekingalpha.com/symbol/LI]), PDD Holdings (NASDAQ:PDD [https://seekingalpha.com/symbol/PDD]), Trip.com (TCOM [https://seekingalpha.com/symbol/TCOM]), Frontline (FRO [https://seekingalpha.com/symbol/FRO]), Sibanye Stillwater (SBSW [https://seekingalpha.com/symbol/SBSW]), Daqo New Energy (DQ [https://seekingalpha.com/symbol/DQ]), Hormel Foods (HRL [https://seekingalpha.com/symbol/HRL]), and J.M. Smucker (SJM [https://seekingalpha.com/symbol/SJM]) round out a diverse slate of reports spanning EVs, commodities, energy, and consumer staples.

With NVIDIA’s AI momentum, China’s tech giants, and U.S. retailers all reporting in the same week, markets are set for a busy and potentially volatile close to August.

Below is a rundown of major earnings reports due in the week of August 25 to August 29:

MONDAY, AUGUST 25

PINDUODUO (NASDAQ:PDD [https://seekingalpha.com/symbol/PDD])

Chinese e-commerce giant Pinduoduo (PDD [https://seekingalpha.com/symbol/PDD]) is set to release its Q2 results before the market opens on Monday. Analysts are projecting a significant Y/Y decline in profits, exceeding 37%.

Despite this forecast, PDD's stock has been a standout performer in 2025, with a YTD gain of approximately 27%, far outpacing the broader market.

The company's performance has led to a split in opinion among analysts. While Wall Street maintains a bullish stance with a Buy rating, Seeking Alpha's Quant system has assigned a Hold rating [https://seekingalpha.com/symbol/PDD/ratings/quant-ratings#source=firstLevelUrl%3Asymbol%7CbiSectionAsset%3ARatingSummary%7CbiName%3AQuant_rating].

SA Investing Group Leader Envision Research also maintains [https://seekingalpha.com/article/4807017-jdcom-vs-pdd-evaluation-makes-me-favor-pdd-amid-trade-conflicts] a Buy, noting that while recent trade tensions have increased uncertainty for both JD.com (JD [https://seekingalpha.com/symbol/JD]) and PDD, Pinduoduo is better positioned for resilience. Drawing from Peter Lynch’s investment principles, the analysis highlights PDD’s superior profitability, valuation, and operating metrics compared to JD, reinforcing its leadership in China’s fast-growing e-commerce market.

* Consensus EPS Estimates: $2.06
* Consensus Revenue Estimates: $14.36B
* Earnings Insight: Pinduoduo has beaten EPS estimates in 6 of the past 8 quarters, and revenue expectations in 4 of those reports.

ALSO REPORTING: HEICO Corporation (HEI [https://seekingalpha.com/symbol/HEI]), Sasol (SSL [https://seekingalpha.com/symbol/SSL]), Semtech (SMTC [https://seekingalpha.com/symbol/SMTC]), StealthGas (GASS [https://seekingalpha.com/symbol/GASS]), and more.

TUESDAY, AUGUST 26

OKTA (NASDAQ:OKTA [https://seekingalpha.com/symbol/OKTA])

Okta (OKTA [https://seekingalpha.com/symbol/OKTA]) is scheduled to report its Q2 results after the market closes on Tuesday, with analysts forecasting robust performance. Expectations are for a 17% Y/Y increase in profits and more than 10% growth in sales.

Just days ahead of earnings, Seeking Alpha’s Quant Rating upgraded Okta to Buy from Hold [https://seekingalpha.com/symbol/OKTA/ratings/quant-ratings#source=firstLevelUrl%3Asymbol%7CbiSectionAsset%3ARatingSummary%7CbiName%3AQuant_rating], aligning with Wall Street analysts who also maintain a Buy rating.

According to a Seeking Alpha contributor, Star Investments, Okta's valuation is particularly appealing [https://seekingalpha.com/article/4808675-oktas-growth-strategies-a-case-for-long-term-investment]. The company's price-to-free cash flow (P/FCF) multiple suggests a potential 27% upside from its July 31 closing price. This positive outlook is supported by Okta's consistent market leadership, as evidenced by its eighth consecutive year as a "Leader" in Gartner's 2024 Magic Quadrant. The company is also actively pursuing four key growth initiatives to ensure sustained revenue expansion over the medium and long term.

Another author, Roman Luzgin, highlights [https://seekingalpha.com/article/4807828-okta-fair-valuation-with-high-speculative-upside] additional factors that make Okta a compelling investment. He notes that the company's financial stability, low debt, and reasonable valuation ratios limit downside risk and create a favorable risk/reward profile. Furthermore, he suggests that recent acquisition rumors and sector-wide M&A trends could drive a significant premium, offering substantial speculative upside for Okta shareholders.

* Consensus EPS Estimates: $0.85
* Consensus Revenue Estimates: $711.84M
* Earnings Insight: The company has consecutively outperformed EPS and revenue expectations in straight 8 quarters.

ALSO REPORTING: Bank of Nova Scotia (NYSE:BNS [https://seekingalpha.com/symbol/BNS]), MongoDB (NASDAQ:MDB [https://seekingalpha.com/symbol/MDB]), Bank of Montreal (NYSE:BMO [https://seekingalpha.com/symbol/BMO]), Box (BOX [https://seekingalpha.com/symbol/BOX]), Daqo New Energy (DQ [https://seekingalpha.com/symbol/DQ]), EHang Holdings Limited (EH [https://seekingalpha.com/symbol/EH]), and more.

WEDNESDAY, AUGUST 27

NVIDIA (NASDAQ:NVDA [https://seekingalpha.com/symbol/NVDA])

Nvidia (NVDA [https://seekingalpha.com/symbol/NVDA]) is set to be the centerpiece of this week's earnings calendar, with its Q2 report scheduled for release after the market closes on Wednesday.

Analysts are forecasting ~50% Y/Y growth in both sales and profits, fueled by relentless demand for AI chips and accelerating data center momentum.

While Wall Street analysts maintain a Strong Buy consensus, Seeking Alpha’s Quant system remains more cautious, rating NVDA a Hold [https://seekingalpha.com/symbol/NVDA/ratings/quant-ratings#source=firstLevelUrl%3Asymbol%7CbiSectionAsset%3ARatingSummary%7CbiName%3AQuant_rating] on valuation concerns.

Adding to skepticism, SA contributor Bears of Wall Street reiterates a Sell [https://seekingalpha.com/article/4815643-nvidia-sell-before-its-too-late], warning that Nvidia’s renewed ability to sell H20 AI accelerators in China may provide only limited upside, given its overexposure to a handful of major customers and rising risk as hyperscale’s develop in-house AI chips.

Similarly, SA author Hawkinvest maintains a Strong Sell [https://seekingalpha.com/article/4814625-nvidia-is-8-percent-of-the-sp-500-index-history-shows-beast-mode-may-end], noting that while Nvidia is an exceptional company, its stock is “priced for perfection.” With NVDA trading at 40x earnings and 20x revenues, competition intensifying, and the stock now comprising 8% of the S&P 500, making it vulnerable to a pullback, particularly ahead of the earnings report.

* Consensus EPS Estimates: $1.01
* Consensus Revenue Estimates: $45.97B
* Earnings Insight: Nvidia outperformed revenue and EPS estimates all the last 8 quarters.

ALSO REPORTING: CrowdStrike (NASDAQ:CRWD [https://seekingalpha.com/symbol/CRWD]), Snowflake (NYSE:SNOW [https://seekingalpha.com/symbol/SNOW]), HP (HPQ [https://seekingalpha.com/symbol/HPQ]), Royal Bank of Canada (NYSE:RY [https://seekingalpha.com/symbol/RY]), Veeva Systems (VEEV [https://seekingalpha.com/symbol/VEEV]), Agilent Technologies (A [https://seekingalpha.com/symbol/A]), Kohl's (NYSE:KSS [https://seekingalpha.com/symbol/KSS]), Nutanix (NTNX [https://seekingalpha.com/symbol/NTNX]), NetApp (NTAP [https://seekingalpha.com/symbol/NTAP]), Pure Storage (PSTG [https://seekingalpha.com/symbol/PSTG]), J.M. Smucker (SJM [https://seekingalpha.com/symbol/SJM]), and more.

THURSDAY, AUGUST 28

DELL TECHNOLOGIES (NYSE:DELL [https://seekingalpha.com/symbol/DELL])

Dell Technologies (DELL [https://seekingalpha.com/symbol/DELL]) is set to deliver its Q2 print on Thursday after market hours. Analysts expect a strong result with profit growth of more than 20% Y/Y on sales growth of near 17%.

The stock is up about 11% in 2025, and sentiment remains broadly bullish. Both Wall Street analysts and Seeking Alpha’s Quant Rating system assign it a Buy [https://seekingalpha.com/symbol/DELL/ratings/quant-ratings#source=firstLevelUrl%3Asymbol%7CbiSectionAsset%3ARatingSummary%7CbiName%3AQuant_rating].

SA Investing Group Leader Danil Sereda remains bullish [https://seekingalpha.com/article/4813586-dell-why-the-best-is-coming-q2-earnings-preview] on Dell (DELL [https://seekingalpha.com/symbol/DELL]), noting the stock has doubled since his April call but still has strong AI server and PC refresh drivers. He sees Q2 earnings and potential guidance upgrades as catalysts, while partnerships with Nvidia and Elastic support a shift toward higher-margin, software-like revenue. Despite risks around AI server margins, he maintains a Buy rating with 22% upside potential.

* Consensus EPS Estimates: $2.29
* Consensus Revenue Estimates: $29.19B
* Earnings Insight: DELL has beaten EPS estimates in 6 of the past 8 quarters, and revenue expectations in 5 of those reports.

ALSO REPORTING: Marvell Technology Group (NASDAQ:MRVL [https://seekingalpha.com/symbol/MRVL]), TD Bank Group (NYSE:TD [https://seekingalpha.com/symbol/TD]), Li Auto (NASDAQ:LI [https://seekingalpha.com/symbol/LI]), Best Buy (NYSE:BBY [https://seekingalpha.com/symbol/BBY]), Autodesk (NASDAQ:ADSK [https://seekingalpha.com/symbol/ADSK]), Affirm Holdings (AFRM [https://seekingalpha.com/symbol/AFRM]), ULTA Beauty (NASDAQ:ULTA [https://seekingalpha.com/symbol/ULTA]), Dollar General Corporation (NYSE:DG [https://seekingalpha.com/symbol/DG]), Hormel Foods (HRL [https://seekingalpha.com/symbol/HRL]), Ambarella (AMBA [https://seekingalpha.com/symbol/AMBA]), Elastic N.V. (ESTC [https://seekingalpha.com/symbol/ESTC]), Bath & Body Works (NYSE:BBWI [https://seekingalpha.com/symbol/BBWI]), Baozun (BZUN [https://seekingalpha.com/symbol/BZUN]), Canadian Imperial Bank of Commerce (NYSE:CM [https://seekingalpha.com/symbol/CM]), Victoria's Secret & Co. (NYSE:VSCO [https://seekingalpha.com/symbol/VSCO]), DICK'S Sporting Goods (NYSE:DKS [https://seekingalpha.com/symbol/DKS]), SentinelOne (S [https://seekingalpha.com/symbol/S]), and more.

FRIDAY, AUGUST 29

ALIBABA (NYSE:BABA [https://seekingalpha.com/symbol/BABA])

Alibaba (BABA [https://seekingalpha.com/symbol/BABA]) is set to report its FQ1 earnings on Friday, a report that will be a key indicator for China's consumer recovery and the broader sentiment toward Chinese tech stocks. Analyst consensus points to approximately 4% Y/Y revenue growth but a 6% decline in profits, highlighting the mixed outlook.

Wall Street analysts remain bullish, assigning Alibaba a Strong Buy rating, driven by expectations of improved efficiency, expanding cloud margins, and steady e-commerce demand. However, Seeking Alpha’s Quant Rating system maintains a Hold [https://seekingalpha.com/symbol/BABA/ratings/quant-ratings#source=firstLevelUrl%3Asymbol%7CbiSectionAsset%3ARatingSummary%7CbiName%3AQuant_rating], reflecting lingering concerns around growth sustainability and macroeconomic risks.

Envision Research, a Seeking Alpha Investing Group leader, also holds a neutral stance [https://seekingalpha.com/article/4815439-alibaba-and-bridgewaters-china-exit]. The firm points to heightened systemic and geopolitical risks, citing the notable exit of Bridgewater Associates from US-listed Chinese stocks, including BABA. This factor, along with the suspension of the "De minimis" exemption, which poses threats to Alibaba's cross-border e-commerce business, is seen as largely offsetting the appeal of the company's low P/E and attractive PEG ratios. On a positive note, Envision Research does see promise for accelerated demand within Alibaba's cloud and AI segments.

In contrast, Andres Cardenal, another Seeking Alpha Investing Group leader, presents a Strong Buy argument [https://seekingalpha.com/article/4812079-alibaba-undervalued-ai-opportunity]. He contends that while Alibaba's decade-long underperformance underscores the risks of Chinese stocks, the current negative sentiment creates a compelling contrarian opportunity.

Cardenal highlights the company's aggressive "all-in AI" pivot, its leadership in open-source models, and its cloud growth, which position it as a top AI player in China. Despite competitive pressures, he notes that Alibaba remains highly profitable with strong financials and a valuation significantly below its global AI peers, suggesting an asymmetric upside, though active risk management is essential.

* Consensus EPS Estimates: $2.15
* Consensus Revenue Estimates: $35.32B
* Earnings Insight: The company has beaten EPS estimates in 5 of the past 8 quarters, and revenue estimates in 4 of those reports.

ALSO REPORTING: BRP (DOOO [https://seekingalpha.com/symbol/DOOO]), Frontline (FRO [https://seekingalpha.com/symbol/FRO]), Lanvin Group (LANV [https://seekingalpha.com/symbol/LANV]), and more.

MORE ON RELATED STOCKS:

* Alibaba: Why This Could Be The Breakout Quarter (Earnings Preview) [https://seekingalpha.com/article/4815952-alibaba-stock-why-this-could-be-breakout-quarter-earnings-preview]
* Nvidia: Sell Before It's Too Late [https://seekingalpha.com/article/4815643-nvidia-sell-before-its-too-late]
* Dollar General: Why This Discount Retail Giant Is Poised For A Rebound [https://seekingalpha.com/article/4815495-dollar-general-why-this-discount-retail-giant-is-poised-for-a-rebound]
* Ulta stands out within beauty category for tariff insulation, growth outlook -- Barclays [https://seekingalpha.com/news/4488275-ulta-stands-out-within-beauty-category-for-tariff-insulation-growth-outlook---barclays]
* Nvidia chief praises TSMC, says buying its stock is 'very smart' [https://seekingalpha.com/news/4488203-nvidia-chief-praises-tsmc-says-buying-its-stock-is-very-smart]