Earnings week ahead: BABA, CSCO, PLUG, AMAT, JD, and more

[Rolled newspaper with the headline Quarterly Results]
Zerbor

As earnings season enters another busy stretch, the upcoming week will bring a diverse mix of reports spanning AI infrastructure, semiconductors, e-commerce, clean energy, crypto, healthcare, and industrial technology.

In technology and AI, investors will closely watch results from Alibaba Group Holding Limited (BABA [https://seekingalpha.com/symbol/BABA]), Cisco Systems (CSCO [https://seekingalpha.com/symbol/CSCO]), Applied Materials (AMAT [https://seekingalpha.com/symbol/AMAT]), Nebius Group (NBIS [https://seekingalpha.com/symbol/NBIS]), Figma (FIG [https://seekingalpha.com/symbol/FIG]), Wix.com (WIX [https://seekingalpha.com/symbol/WIX]), monday.com (MNDY [https://seekingalpha.com/symbol/MNDY]), and quantum-focused names including Rigetti Computing (RGTI [https://seekingalpha.com/symbol/RGTI]), D-Wave Quantum (QBTS [https://seekingalpha.com/symbol/QBTS]), and Quantum Computing (QUBT [https://seekingalpha.com/symbol/QUBT]) for signals around enterprise spending, cloud demand, and the evolving AI ecosystem.

China and emerging-market consumer and fintech trends will also remain in focus through earnings from JD.com (JD [https://seekingalpha.com/symbol/JD]), Sea Limited (SE [https://seekingalpha.com/symbol/SE]), Nu Holdings (NU [https://seekingalpha.com/symbol/NU]), and StoneCo (STNE [https://seekingalpha.com/symbol/STNE]), while digital asset and crypto-market attention may center on Circle Internet Group (CRCL [https://seekingalpha.com/symbol/CRCL]), MARA Holdings (MARA [https://seekingalpha.com/symbol/MARA]), and CleanSpark (CLSK [https://seekingalpha.com/symbol/CLSK]).

Energy, mining, and commodity players such as Constellation Energy (CEG [https://seekingalpha.com/symbol/CEG]), Barrick Mining (B [https://seekingalpha.com/symbol/B]), Franco-Nevada (FNV [https://seekingalpha.com/symbol/FNV]), First Majestic Silver (AG [https://seekingalpha.com/symbol/AG]), Mosaic (MOS [https://seekingalpha.com/symbol/MOS]), Ovintiv (OVV [https://seekingalpha.com/symbol/OVV]), Lithium Argentina (LAR [https://seekingalpha.com/symbol/LAR]), and Canadian Solar (CSIQ [https://seekingalpha.com/symbol/CSIQ]) are expected to provide insight into commodity demand, energy markets, and the transition toward cleaner power infrastructure.

Speculative growth and next-generation mobility names including Archer Aviation (ACHR [https://seekingalpha.com/symbol/ACHR]), AST SpaceMobile (ASTS [https://seekingalpha.com/symbol/ASTS]), Virgin Galactic (SPCE [https://seekingalpha.com/symbol/SPCE]), Intuitive Machines (LUNR [https://seekingalpha.com/symbol/LUNR]), Plug Power (PLUG [https://seekingalpha.com/symbol/PLUG]), Blink Charging (BLNK [https://seekingalpha.com/symbol/BLNK]), and Eos Energy Enterprises (EOSE [https://seekingalpha.com/symbol/EOSE]) will offer another read on investor appetite for emerging technologies and long-duration innovation themes.

Meanwhile, healthcare, industrial, infrastructure, and consumer-facing companies such as Hims & Hers Health (HIMS [https://seekingalpha.com/symbol/HIMS]), Halozyme Therapeutics (HALO [https://seekingalpha.com/symbol/HALO]), Siemens Aktiengesellschaft (SIEGY [https://seekingalpha.com/symbol/SIEGY]), Simon Property Group (SPG [https://seekingalpha.com/symbol/SPG]), Under Armour (UAA [https://seekingalpha.com/symbol/UAA]), GoPro (GPRO [https://seekingalpha.com/symbol/GPRO]), and Manulife Financial Corporation (MFC [https://seekingalpha.com/symbol/MFC]) add further breadth across healthcare, manufacturing, consumer, and financial services markets.

With a reporting lineup that spans established global leaders and high-volatility growth names, the week ahead could provide fresh insight into risk appetite, AI monetization, consumer resilience, and the broader direction of global markets heading into the next phase of earnings season.

Below is a rundown of major quarterly updates anticipated for the week of May 11 to May 15:

MONDAY, MAY 11

PLUG POWER (PLUG [https://seekingalpha.com/symbol/PLUG])

Plug Power (PLUG [https://seekingalpha.com/symbol/PLUG]) is set to report Q1 results on Monday after the close, with investors hoping it can extend the momentum from a much-improved Q4 2025.

In Q4, Plug posted its first positive gross margin in years at 2.4%, on revenue of $225.2M, up 17.6% Y/Y. Management also reiterated a long-term profitability roadmap, targeting positive EBITDAS in Q4 2026, positive operating income by the end of 2027, and full profitability by the end of 2028.

Recent asset monetization, including a $132.5M sale to Stream Data Centers as part of a broader liquidity plan, has bolstered investor sentiment.

However, Wall Street is roughly Neutral while Seeking Alpha's Quant Rating System also remains cautious [https://seekingalpha.com/symbol/PLUG/ratings/quant-ratings], citing profitability and valuation.

SA contributor Henrik Alex reiterated a Sell view on Plug Power, arguing that the company’s margin improvement is encouraging but that cash burn remains high, the electrolyzer backlog is at multi-year lows, and management’s 2026 growth targets look difficult to achieve without a meaningful pickup in new orders.

* Consensus EPS Estimates: -$0.10
* Consensus Revenue Estimates: $139.76M
* Earnings Insight: Plug Power has missed EPS estimates in 8 consecutive reports, exceeding revenue forecasts in just 3 of those quarters.

ALSO REPORTING: Barrick Mining (B [https://seekingalpha.com/symbol/B]), Simon Property Group (SPG [https://seekingalpha.com/symbol/SPG]), Hims & Hers Health (HIMS [https://seekingalpha.com/symbol/HIMS]), 3D Systems Corporation (DDD [https://seekingalpha.com/symbol/DDD]), SeaDrill (SDRL [https://seekingalpha.com/symbol/SDRL]), Cronos Group (CRON [https://seekingalpha.com/symbol/CRON]), Marathon Digital Holdings (MARA [https://seekingalpha.com/symbol/MARA]), Blink Charging (BLNK [https://seekingalpha.com/symbol/BLNK]), GoPro (GPRO [https://seekingalpha.com/symbol/GPRO]), Mosaic (MOS [https://seekingalpha.com/symbol/MOS]), Uniti Group (UNIT [https://seekingalpha.com/symbol/UNIT]), Ovintiv (OVV [https://seekingalpha.com/symbol/OVV]), Danaos (DAC [https://seekingalpha.com/symbol/DAC]), ARKO Petroleum (APC [https://seekingalpha.com/symbol/APC]), Agenus (AGEN [https://seekingalpha.com/symbol/AGEN]), CleanSpark (CLSK [https://seekingalpha.com/symbol/CLSK]), Village Farms International (VFF [https://seekingalpha.com/symbol/VFF]), Circle Internet Group (CRCL [https://seekingalpha.com/symbol/CRCL]), and more.

TUESDAY, MAY 12

JD.COM (JD [https://seekingalpha.com/symbol/JD])

JD.com (JD [https://seekingalpha.com/symbol/JD]), one of China's largest e-commerce and supply chain technology platforms, is scheduled to report its Q1 results on Tuesday before the U.S. market opens, with investors closely watching whether the company can rebound from a challenging Q4.

JD.com's most recent quarter saw resilient full-year revenue growth, margin expansion, and a record user base, with strong performance in general merchandise and new businesses. However, the company posted its first quarterly loss in more than three years as the food-delivery subsidy war in China continued to take a toll on the e-commerce giant.

Looking ahead to Q1, management has expressed confidence in sustaining healthy growth across general merchandise, supermarket, fashion, and healthcare in 2026, while noting that electronics and home appliances are expected to recover only in the second half of the year due to a high base effect in H1. Food delivery investment is expected to decrease in 2026, with a renewed focus on healthy scaling and improved unit economics, a signal the market has been eager to hear following months of margin pressure from the bruising food delivery price war with rivals.

On the international front, JD.com has been expanding aggressively beyond China's borders. The company launched Joybuy, a shopping platform serving six European countries, including the U.K., in March 2026, while also making a $2.5B bid for German electronics retailer Ceconomy.

The company also completed a CNY10B senior notes offering in April 2026, signaling continued confidence in its capital position despite the near-term earnings headwinds.

Persistent US-China trade tensions and the ever-present risk of ADR delisting remain overhangs that keep a ceiling on valuation for many international investors, even as the underlying business continues to scale.

Wall Street sentiment remains broadly constructive, and Seeking Alpha's Quant rating system also suggests a Buy [https://seekingalpha.com/symbol/JD/ratings/quant-ratings].

SA author Byte Sized Alpha also recommends a Buy [https://seekingalpha.com/article/4897710-jdcom-logistics-ai-and-marketplace-growth-could-drive-a-re-rating] rating on JD.com (JD [https://seekingalpha.com/symbol/JD]), arguing that the stock remains undervalued as growth drivers across logistics, marketplace operations, advertising, and industrial AI systems continue to strengthen the long-term thesis.

The author highlights JD’s vertically integrated logistics network and international expansion through JoyExpress as key competitive advantages, while AI-driven tools such as JoyStreamer and JingYan Assistant are helping accelerate higher-margin advertising and marketplace revenue growth.

At roughly 10x forward earnings and around $30 per share, Byte Sized Alpha sees further upside potential, assigning a 12-month price target of $42.

* Consensus EPS Estimates: $0.53
* Consensus Revenue Estimates: $45.55B
* Earnings Insight: JD.com has topped EPS and revenue expectations in 7 of the past 8 quarters.

ALSO REPORTING: Sea Limited (SE [https://seekingalpha.com/symbol/SE]), Under Armour (UAA [https://seekingalpha.com/symbol/UAA]), First Majestic Silver (AG [https://seekingalpha.com/symbol/AG]), OrganiGram (OGI [https://seekingalpha.com/symbol/OGI]), GrowGeneration (GRWG [https://seekingalpha.com/symbol/GRWG]), Franco-Nevada (FNV [https://seekingalpha.com/symbol/FNV]), HUYA (HUYA [https://seekingalpha.com/symbol/HUYA]), B&G Foods (BGS [https://seekingalpha.com/symbol/BGS]), Zebra Technologies (ZBRA [https://seekingalpha.com/symbol/ZBRA]), Tencent Music Entertainment Group (TME [https://seekingalpha.com/symbol/TME]), Kopin (KOPN [https://seekingalpha.com/symbol/KOPN]), D-Wave Quantum (QBTS [https://seekingalpha.com/symbol/QBTS]), and more.

WEDNESDAY, MAY 13

CISCO SYSTEMS (CSCO [https://seekingalpha.com/symbol/CSCO])

Cisco Systems (CSCO [https://seekingalpha.com/symbol/CSCO]) is set to release its FQ3 results after Wednesday’s close, with expectations elevated after a run of strong quarters and bullish management commentary. The company has said it is positioned for its best fiscal year on record, driven by momentum in AI infrastructure and networking.

In its most recent quarter, Cisco beat expectations and raised its full-year outlook to revenue of $61.2B to $61.7B and non-GAAP EPS of $4.13 to $4.17, assuming current tariffs and exemptions remain in place through FY2026.

The AI infrastructure story remains the main driver heading into the print. Silicon One shipped its one millionth chip during Q2; Cisco unveiled the G300 architecture with 102.4 Tbps of switching bandwidth, and the company now has design wins with five of six major hyperscalers. A campus networking upgrade cycle and a sovereign cloud pipeline exceeding $2.5B add to the growth runway, and investors will be watching to see whether AI order momentum has stayed strong into Q3.

Splunk integration is the other major focus. Roughly two years after the deal closed, Cisco is still benefiting from cross-sell opportunities, but the cloud subscription transition continues to weigh on near-term recognized revenue. That said, the growth in Splunk’s ARR and product RPO supports the longer-term thesis, even if the monetization path remains gradual.

Margins will also be closely watched. Cisco is shifting from legacy networking hardware toward AI infrastructure leadership, but that mix shift is putting pressure on gross and operating margins. Management has guided Q3 non-GAAP gross margin of 65.5% to 66.5% and non-GAAP operating margin of 33.5% to 34.5%, while tariff exposure on memory, PCBs, and optics remains an added variable.

Wall Street remains broadly constructive with a Buy rating, but investors still appear to be weighing execution risk against the upside from AI and Splunk.

Meanwhile, Seeking Alpha's Quant Rating System suggests a Hold [https://seekingalpha.com/symbol/CSCO/ratings/quant-ratings].

* Consensus EPS Estimates: $1.04
* Consensus Revenue Estimates: $15.56B
* Earnings Insight: Cisco has beaten EPS and revenue estimates in 8 straight quarters.

ALSO REPORTING: Alibaba Group Holding (BABA [https://seekingalpha.com/symbol/BABA]), Nebius Group (NBIS [https://seekingalpha.com/symbol/NBIS]), Inovio Biomedical (INO [https://seekingalpha.com/symbol/INO]), Bionano Genomics (BNGO [https://seekingalpha.com/symbol/BNGO]), Paysafe Group Holdings (PSFE [https://seekingalpha.com/symbol/PSFE]), Manulife Financial (MFC [https://seekingalpha.com/symbol/MFC]), Wix.com (WIX [https://seekingalpha.com/symbol/WIX]), Capital Southwest (CSWC [https://seekingalpha.com/symbol/CSWC]), Energous (WATT [https://seekingalpha.com/symbol/WATT]), Shoulder Innovations (SI [https://seekingalpha.com/symbol/SI]), Dynatrace (DT [https://seekingalpha.com/symbol/DT]), Altimmune (ALT [https://seekingalpha.com/symbol/ALT]), Gilat Satellite Networks (GILT [https://seekingalpha.com/symbol/GILT]), COMPASS Pathways (CMPS [https://seekingalpha.com/symbol/CMPS]), Teekay (TK [https://seekingalpha.com/symbol/TK]), Doximity (DOCS [https://seekingalpha.com/symbol/DOCS]), Veru (VERU [https://seekingalpha.com/symbol/VERU]), and more.

THURSDAY, MAY 14

APPLIED MATERIALS (AMAT [https://seekingalpha.com/symbol/AMAT])

Applied Materials (AMAT [https://seekingalpha.com/symbol/AMAT]), the world’s largest semiconductor equipment maker by revenue, is set to report FQ2 results after Thursday’s close, with investors looking for another beat-and-raise quarter from one of the market’s key AI infrastructure beneficiaries.

In February, the company topped expectations in FQ1 results, while management said it expects its semiconductor equipment business to grow by more than 20% in calendar 2026. Applied then guided FQ2 revenue of about $7.65B and adjusted EPS of $2.64, and analysts have since edged estimates higher.

The biggest growth drivers remain gate-all-around transistors and high-bandwidth memory, where advanced tools are increasingly essential as chipmakers push to smaller nodes and more complex stacking. Applied’s $5B EPIC Center initiative is also a key focus, as investors watch for updates on customer co-development, commercialization timelines, and the pace of AI-related demand. China remains the main risk.

Management has already flagged a potential $600M FY2026 revenue headwind from tighter U.S. export restrictions, which could affect both tool shipments and service revenue.

The overall demand landscape driven by AI-related capital expenditures remains favorable, and Wall Street maintains a positive outlook ahead of the earnings report.

Meanwhile, Seeking Alpha's Quant Rating System recommends a Hold rating [https://seekingalpha.com/symbol/AMAT/ratings/quant-ratings].

* Consensus EPS Estimates: $2.67
* Consensus Revenue Estimates: $7.68B
* Earnings Insight: AMAT has beaten EPS and revenue estimates in 8 straight quarters, missing revenue expectations only once in that span.

ALSO REPORTING: Virgin Galactic Holdings (SPCE [https://seekingalpha.com/symbol/SPCE]), Workhorse Group (WKHS [https://seekingalpha.com/symbol/WKHS]), Canadian Solar (CSIQ [https://seekingalpha.com/symbol/CSIQ]), Vuzix (VUZI [https://seekingalpha.com/symbol/VUZI]), Co-Diagnostics (CODX [https://seekingalpha.com/symbol/CODX]), Canada Goose Holdings (GOOS [https://seekingalpha.com/symbol/GOOS]), Intuitive Machines (LUNR [https://seekingalpha.com/symbol/LUNR]), YETI Holdings (YETI [https://seekingalpha.com/symbol/YETI]), Karyopharm Therapeutics (KPTI [https://seekingalpha.com/symbol/KPTI]), Nu Holdings (NU [https://seekingalpha.com/symbol/NU]), and more.

FRIDAY, MAY 15

The week wraps up on a lighter note, with only a handful of earnings scheduled for Friday's pre-market session. Notable names include Sachem Capital (SACH [https://seekingalpha.com/symbol/SACH]), PAVmed (PAVM [https://seekingalpha.com/symbol/PAVM]), H World Group (HTHT [https://seekingalpha.com/symbol/HTHT]), and more.

MORE ON RELATED STOCKS:

* Cisco Q3 Earnings Preview: Margin Focus As Shares Trade Near Highs [https://seekingalpha.com/article/4899260-cisco-q3-earnings-preview-margin-focus-as-shares-trade-near-highs]
* JD.com: Logistics, AI, And Marketplace Growth Could Drive A Re-Rating [https://seekingalpha.com/article/4897710-jdcom-logistics-ai-and-marketplace-growth-could-drive-a-re-rating]
* Alibaba's AI Engine Is Powering A Still Undervalued Comeback [https://seekingalpha.com/article/4894312-alibabas-ai-engine-is-powering-a-still-undervalued-comeback]
* US said to suspect Nvidia chips smuggled to Alibaba via Thailand, Bloomberg reports [https://seekingalpha.com/news/4589535-us-said-to-suspect-nvidia-chips-smuggled-to-alibaba-via-thailand-bloomberg-reports]
* Kimi chatbot developer Moonshot AI reaches $20B valuation in Meituan-led funding round [https://seekingalpha.com/news/4587927-kimi-chatbot-developer-moonshot-ai-reaches-20b-valuation-in-meituan-led-funding-round]