Second quarter 2026 earnings season is winding down but we’re still going to hear reports from the retailers and a bunch of technology companies which report on the fiscal year.
This week’s earnings will be anchored by semiconductor giant NVIDIA but you shouldn’t overlook some of the other technology earnings reports including those from CrowdStrike, Marvell, Salesforce, and Autodesk.
Additionally, it’s time to check in on the specialty retailers like The Gap, Williams-Sonoma, and Burlington Stores to get their take on back-to-school and the upcoming holiday season. Yes, the holidays are rapidly approaching.
It’s Not Easy Being an Earnings All-Star
All five of the companies featured here have excellent earnings surprise track records, including NVIDIA. They are earnings all-stars. These companies have rarely missed on earnings with one company even having a perfect 5-year track record. (Hint, it’s NOT NVIDIA.)
It’s not easy to beat every quarter, or nearly every quarter, for years. It means management has good communication with the covering analysts and telegraphs expectations.
Will these companies beat again?
5 Earnings All Stars to Watch This Week
1. NVIDIA Corp. (NVDA)
NVIDIA is the one to watch this week. It has only missed on earnings three times in the last five years, with the last miss in 2025. Earnings are expected to rise 87% in fiscal 2027 yet shares of NVIDIA are only up 13.7% year-to-date.
NVIDIA is cheap for a growth stock. It trades with a forward price-to-earnings (P/E) ratio of 24. That’s low for NVIDIA, historically.
If NVIDIA beats again, will it be a catalyst for the shares to move higher?
2. CrowdStrike Holdings, Inc. (CRWD)
CrowdStrike has a perfect 5-year earnings surprise track record. That is very impressive given all the events during that period.
Shares of CrowdStrike are up 69% year-to-date to new highs. Earnings are expected to rise 32.3% this year. CrowdStrike isn’t cheap though. It’s trading with a forward P/E of 156. A P/E ratio over 30 is considered excessive.
Will CrowdStrike keep its perfect earnings record alive this week?
3. Salesforce, Inc. (CRM)
Salesforce has an excellent earnings surprise record with just one miss in the last 5 years and it was in 2024. But the Street has punished the shares. Salesforce shares are down 18.3% over the last 5 years and are down 17.5% year-to-date.
Salesforce is still expected to see double digit earnings growth in fiscal 2027 of 13.1%. With the sell-off in the shares, Salesforce is now cheap. It trades with a forward P/E of just 14.8. A P/E ratio under 15 usually indicates value.
Salesforce is off its recent lows as investors have been dipping back into the software stocks.
Is the worst over for Salesforce?
4. Marvell Technology, Inc. (MRVL)
Marvell also has an excellent earnings surprise track record. It has only missed once on earnings in the last 5 years and it was in 2022.
Shares of Marvell have been red hot, gaining 165% year-to-date and that’s even after pulling back in recent weeks. Earnings are expected to rise 42% in fiscal 2027 after jumping 80.9% in fiscal 2026.
Marvell is not cheap. It trades with a forward P/E of 58.6. A P/E ratio over 30 is usually considered stretched. But investors are buying Marvell for the growth.
Is this a buying opportunity in Marvell Technology?
5. Royal Bank of Canada (RY)
Royal Bank of Canada has only missed three times in the last five years but the last miss was in 2025. International banks are hot in 2026. Shares of Royal Bank of Canada are trading near their 5-year high, up 49% year-to-date.
Earnings are expected to rise 12.5% in 2026 and another 9% in 2027. But bank analysts look at price-to-book (P/B) ratios to determine if a bank is “cheap” or not. Investors should buy a bank when its P/B ratio is 1.0 and sell when it’s 2.0.
Royal Bank of Canada’s P/B ratio is 3.0. That means it’s an expensive bank.
Will another earnings beat lead to a breakout for Royal Bank of Canada?
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.
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Salesforce, Inc. (CRM): Free Stock Analysis Report
NVIDIA Corporation (NVDA): Free Stock Analysis Report
Marvell Technology, Inc. (MRVL): Free Stock Analysis Report
Royal Bank Of Canada (RY): Free Stock Analysis Report
CrowdStrike (CRWD): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).