Lululemon Athletica slashed its outlook, disappointing investors for a third straight quarter as it struggles to meet high expectations and balance tariff expenses in a difficult consumer environment. The company’s shares fell over 17% in premarket trading.
The Vancouver-based company warned Thursday that it will take a $240 million hit from President Donald Trump’s decision to end the de minimis exemption. The policy had helped Lululemon ship many of its US e-commerce orders under $800 duty-free from Canada.
Docusign boosted its outlook for the year as it aims to ramp up its artificial-intelligence offerings to appeal to bigger customers. Shares of Docusign rallied over 8% in premarket trading.
The electronic-signature company is attempting to win bigger customers for its new AI tool that summarizes and analyzes agreement documents, Chief Executive Allan Thygesen said. Launched last year, the product is on track to make up a low-double-digit percentage of the company’s order book by the end of this year. But Docusign still has a way to go to get it ready for those big customers.
UiPath raised its full-year revenue outlook after swinging to a profit in its latest quarter, helped by momentum with its agentic artificial intelligence offerings. Shares of UiPath rose over 5% in premarket trading.
The automation-software company said Thursday it now expects revenue of $1.571 billion to $1.576 billion for the year, up from its prior outlook of about $1.55 billion.
Samsara raised its full-year outlook and said revenue surged in the second quarter, sending shares over 10% higher in premarket trading.
The San Francisco company, which provides software to manage vehicle fleets, said it now expects revenue of $1.57 billion to $1.58 billion in fiscal 2026, instead of $1.55 billion to $1.56 billion as previously predicted.
Braze shares surged 17% in premarket trading, after the customer engagement software company posted fiscal second-quarter results that beat Wall Street expectations and issued upbeat guidance. The company’s strong performance was driven by double-digit year-over-year revenue growth and a sharp improvement in non-GAAP profitability metrics.
Shares of Guidewire Software shot up 11% after the company offered a rosier revenue outlook for the fiscal year ahead than analysts had been forecasting.
The insurance-software provider said it expects $1.39 billion to $1.41 billion in revenue for fiscal 2026, with $315 million to $321 million of that coming in the first quarter that started Aug. 1.
Analysts polled by FactSet had been projecting less than $1.36 billion for the full year and $301 million in the first quarter.