Intuit, Zoom, Kohl's Lead Premarket Declines; SolarEdge, Semtech Rise

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Summary · why it matters

Intuit shares plunged 11% in premarket trading after the financial technology platform issued fiscal 2027 revenue guidance of $23.279 billion to $23.512 billion, below the $23.7 billion analysts expected, though its fiscal fourth-quarter earnings and revenue beat estimates. The disappointing outlook dragged other software stocks lower, with the iShares Expanded Tech-Software ETF down over 1%, ServiceNow off more than 2.5%, and Workday and Salesforce each down 2%. Zoom Communications fell 7% after its third-quarter earnings per share guidance of $1.46 to $1.48 came in short of the $1.50 FactSet consensus. Kohl's declined 5% after reporting a 0.9% drop in second-quarter comparable sales, worse than the 0.6% decline expected, but the retailer raised its full-year outlook, partly due to $150 million in tariff refunds, and restarted share buybacks of up to $100 million in 2026. On the upside, J.M. Smucker climbed 5.6% after fiscal first-quarter revenue of $2.22 billion topped the LSEG consensus of $2.13 billion, SolarEdge jumped nearly 7% following a UBS upgrade to buy on a new FCC policy, and Semtech rose more than 5% after beating earnings estimates with adjusted EPS of 71 cents versus 61 cents expected. Box gained over 2% on revenue beat, while Boston Scientific fell more than 3% after disclosing a cybersecurity incident causing product disruptions, and SAP dropped almost 4% after a UBS downgrade to neutral on slow agentic AI delivery.

Impact on stocks 12

Cloud & Digital Infrastructure± Mixed · 4 stocks
Intuit Inc
INTU
▼ NegativeCapitalrelevance

Fiscal 2027 revenue guidance below expectations, despite Q4 beat

SAP SE
SAP
▼ NegativeCapitalrelevance

UBS downgrade to neutral on slow agentic AI delivery

Box Inc
BOX
▲ PositiveCapitalrelevance

Box gained over 2% on revenue beat

Workday Inc
WDAY
▼ NegativeCapitalrelevance

Intuit's weak guidance dragged software stocks, including Workday, lower.

Artificial Intelligence▼ · 3 stocks
Salesforce.com Inc
CRM
▼ NegativeCapitalrelevance

Salesforce down 2% as part of software sector decline following Intuit's weak guidance

ServiceNow Inc
NOW
▼ NegativeCapitalrelevance

Intuit's weak guidance dragged software stocks, including ServiceNow, lower.

Brain-Computer Interface▼ · 1 stocks
Consumer Discretionary▼ · 1 stocks
Kohl's Corporation
KSS
▼ NegativeDemandrelevance

Q2 comparable sales drop worse than expected, though raised outlook and buybacks

Energy Transition & Power Demand▲ · 1 stocks
Consumer Staples▲ · 1 stocks
Semiconductors▲ · 1 stocks
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