Closing Bell Overtime: The Moment is Finally Here: Nvidia Earnings; Plus, Salesforce’s Marc Benioff & Anthropic’s Dario Amodei. 8/26/26

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**Michael Santoli** (1:01)
The Bell is bringing an end to the trading day at the NYSE Innovative Industrial Properties and at the NASDAQ Scholastic, marking the start of school book fair season. Welcome to Closing Bell Overtime live from Studio B at the NASDAQ Market site. I'm Mike Santoli. Melissa Lee is off today. And it is Nvidia Earnings Day, the moment the markets have been waiting for. We expect those numbers out in about 19 minutes. We have a great panel to react and to break down the results, the guidance and what it means for chips and tech and the rest of the market. But that's not all. Several other big names reporting, Salesforce, CrowdStrike, Synopsys among them. And in just a few minutes after those earnings come out, we'll be hearing from Salesforce CEO, Marc Benioff. Ahead of all that, news stocks remained in their holding pattern. The Dow down about 100 points, the S&P 500 just barely dipped into the red before the close, the NASDAQ and NASDAQ 100 Also down just slightly. There were, as always, some individual stocks making some big moves. Let's get to Kristina Partsinevelos with those. Kristina.

**Kristina Partsinevelos** (2:01)
Yeah, and that's exactly where we're gonna start. The consumer and where they're still spending. Abercrombie and Fitch jumped after raising its full year profit outlook. A roughly $100 million tariff refund did help. The namesake Abercrombie brand, I should say, did the heavy lifting, offsetting softer sales at Hollister. American Eagle and Urban Outfitters rose in sympathy. Urban Outfitters earnings are coming out soon.
You can see up 9%, 9.5%. Footwear, though, was kind of the soft spot yesterday. The read-through from Dick's warning on Footlocker kept the pressure on Nike today, still hovering near its lowest level since 2014
Smucker spread some cheer, lifting its full year outlook on higher coffee prices. I shouldn't be smiling because I have to pay those higher prices. The CEO told us on Squawkbox, tariff refunds will help invest in the business and help them also pay down debt. Now, quick pivot to software because there's a lot of movers there where guidance specifically did a lot of the damage. Intuit slid on a weak outlook and a Bank of America downgrade to neutral with Bank of America warning cheaper AI-powered tax tools are just taking share from TurboTax. A reminder though that just AI is still very disruptive price pressuring force in parts of the software complex, a big concern. Then lastly, Zoom fell about roughly 6 percent today. Even after Aveda's soft-profit guidance really overshadowed its strongest enterprise growth in three years. Mike.

**Michael Santoli** (3:25)
Kristina, thank you. Well, Salesforce earnings are out. Kate Rooney has the numbers. Kate.

**Kate Rooney** (3:30)
Hey, Mike, it's looking like a beat on revenue for Salesforce and then slightly ahead as well on Q3 guidance. It was $11.34 billion in revenue for the quarter versus about 11.32 on the estimate. Bottom line, we've got an adjusted EPS number, $5.95, $5.90, I should say. That is the adjusted number. We're not going to compare this one. There is, from what we're seeing, a massive investment gain, about $2.6 billion. It does appear to be from an investment in Anthropic. They don't say that specifically, but it has been propping up other big tech earnings that we've seen. It's a similar dynamic to what we saw with Microsoft, for example, and the company did raise a massive round in the quarter, so a lot of these companies have needed to mark that up. It has helped boost earnings, net income for Salesforce in the quarter, 3.5 billion. Some key segment revenue came in better than expected as well. Subscription and support was in line, billions in line, and then I mentioned guidance that was ahead of expectations, at least at the midpoint, both on Q3 revenue and EPS. Full year revenue guidance finally slightly higher at the midpoint of that range, and then the EPS guidance number for the full year. We're also not going to compare because of that hefty investment gain in Q2 as well. It looks like the stock is at more than 6% here after hours. Mike, back over to you.