Shares of semiconductor design software provider Cadence Design Systems (NASDAQ:CDNS) fell 5.2% in the afternoon session after the Trump administration told US companies that make software for designing semiconductor chips to stop selling to China. This instruction was aimed at restricting China's ability to develop advanced semiconductor chips, a critical area for artificial intelligence.
Manufacturing company Nordson (NASDAQ:NDSN) reported Q1 CY2025 results beating Wall Street’s revenue expectations, with sales up 5% year on year to $682.9 million. Guidance for next quarter’s revenue was optimistic at $730 million at the midpoint, 2.3% above analysts’ estimates. Its non-GAAP profit of $2.42 per share was 2.6% above analysts’ consensus estimates.
Cyber security company SentinelOne (NYSE:S) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 22.9% year on year to $229 million. On the other hand, next quarter’s revenue guidance of $242 million was less impressive, coming in 1.2% below analysts’ estimates. Its non-GAAP profit of $0.02 per share was in line with analysts’ consensus estimates.
Leading designer of graphics chips Nvidia (NASDAQ:NVDA) reported Q1 CY2025 results exceeding the market’s revenue expectations, with sales up 69.2% year on year to $44.06 billion. On the other hand, next quarter’s revenue guidance of $45 billion was less impressive, coming in 1.6% below analysts’ estimates. Its non-GAAP profit of $0.81 per share was 8% above analysts’ consensus estimates.
Personal computing and printing company HP (NYSE:HPQ) announced better-than-expected revenue in Q1 CY2025, with sales up 3.3% year on year to $13.22 billion. Its non-GAAP profit of $0.71 per share was 11.6% below analysts’ consensus estimates.
Artificial intelligence (AI) software company C3.ai (NYSE:AI) announced better-than-expected revenue in Q1 CY2025, with sales up 25.6% year on year to $108.7 million. The company expects next quarter’s revenue to be around $104.5 million, close to analysts’ estimates. Its non-GAAP loss of $0.60 per share was significantly below analysts’ consensus estimates.
Life sciences tools company Agilent Technologies (NYSE:A) reported Q1 CY2025 results beating Wall Street’s revenue expectations, with sales up 6% year on year to $1.67 billion. Guidance for next quarter’s revenue was better than expected at $1.66 billion at the midpoint, 0.9% above analysts’ estimates. Its non-GAAP profit of $1.31 per share was 3.6% above analysts’ consensus estimates.
Bank software company nCino (NASDAQ:NCNO) reported Q1 CY2025 results topping the market’s revenue expectations, with sales up 12.5% year on year to $144.1 million. The company expects next quarter’s revenue to be around $143 million, close to analysts’ estimates. Its non-GAAP profit of $0.16 per share was in line with analysts’ consensus estimates.
Cosmetics company e.l.f. Beauty (NYSE:ELF) announced better-than-expected revenue in Q1 CY2025, with sales up 3.6% year on year to $332.6 million. Its non-GAAP profit of $0.78 per share was 8.3% above analysts’ consensus estimates.
Customer relationship management software maker Salesforce (NYSE:CRM) reported Q1 CY2025 results topping the market’s revenue expectations, with sales up 7.6% year on year to $9.83 billion. Guidance for next quarter’s revenue was better than expected at $10.14 billion at the midpoint, 1.2% above analysts’ estimates. Its non-GAAP profit of $2.58 per share was 1.3% above analysts’ consensus estimates.
Healthcare software provider Veeva Systems (NASDAQ:VEEV) announced better-than-expected revenue in Q1 CY2025, with sales up 16.7% year on year to $759 million. Guidance for next quarter’s revenue was optimistic at $767.5 million at the midpoint, 2.1% above analysts’ estimates. Its non-GAAP profit of $1.97 per share was 13% above analysts’ consensus estimates.
Data storage solutions provider Pure Storage (NYSE:PSTG) announced better-than-expected revenue in Q1 CY2025, with sales up 12.3% year on year to $778.5 million. Guidance for next quarter’s revenue was better than expected at $845 million at the midpoint, 0.7% above analysts’ estimates. Its non-GAAP profit of $0.29 per share was 17.1% above analysts’ consensus estimates.
The regular session of the US market on Wednesday is now over, but let's get a preview of the after-hours session and explore the top S&P500 gainers and losers driving the post-market movements.
