Lululemon issued its FY2026 outlook on its second-quarter earnings call, forecasting full-year revenue of $10.35 billion to $10.5 billion, down 5% to 7% versus FY2025. The company expects gross margin to decline by about 80 basis points year over year and said its guidance assumes tariffs of 10% to 12.5% through September and 20% for the rest of the year. For stores, it plans about 35 net new company-operated openings and about 35 optimizations in 2026, supporting roughly 10% total square footage growth.

JPMorgan analyst Nick Lai downgraded Nio to Hold from Buy and cut his price target to $4.50 after the company issued softer delivery guidance for the second half of 2026. He reduced his 2026-2027 revenue forecasts by 5-9% and sharply lowered earnings estimates. Separately, Freedom Broker also moved the stock to Hold and lowered its target price.

MongoDB said on its earnings call that it expects Atlas growth of approximately 26% in Q3, citing continued strong momentum in the business. The company raised its full-year Atlas growth expectation to about 27%, up 300 basis points from the midpoint of its prior guidance. It added that the higher second-half total revenue outlook is primarily driven by Atlas, alongside a strong net ARR expansion rate, rising multiproduct penetration, and early signs of AI workload adoption. MongoDB also said it now expects full-year free cash flow conversion to land at the upper end of its long-term 80% to 100% target range.

GitLab told its earnings call that AI is becoming a durable, long-term tailwind for the company, supporting seat growth and other parts of its growth algorithm. The company said AI is lowering the barrier to building software, bringing more builders into customer accounts and helping attract new customers. GitLab added more than 1,700 first orders in the quarter, more than doubling from a year earlier, and said first-order net ARR rose nearly 40%.

Nvidia’s management issued unusually specific guidance for fiscal 2028, projecting revenue growth of around 70%, which it said roughly corresponds to calendar 2027 revenue near $680 billion. Wall Street consensus had been closer to about 45% growth and roughly $580 billion of revenue, a gap of about $100 billion. While quarterly growth has eased from a recent peak of 106%, the company indicated growth could stabilize near 70%, potentially expanding profit headroom.

ARK Invest reduced its stake in Advanced Micro Devices by about $74.5 million on August 28, while adding $55.6 million of Nvidia and $20.5 million of Broadcom. Broadcom is scheduled to report earnings on September 3. AMD is up 117.4% year to date, and Nvidia’s latest quarterly revenue rose 106% year over year.

Federal Reserve Chair Kevin Warsh warned that inflation remains too high and suggested interest rate increases could be needed in the coming months if inflation fails to move closer to the Fed’s 2% target. U.S. stocks closed lower, with the Dow, S&P 500 and Nasdaq all finishing in the red, while the 10-year Treasury yield ended near 4.73%. Nvidia reported fiscal second-quarter 2027 revenue of $96.2 billion, up 106% from a year earlier.

Pinterest said CFO Julia Brau Donnelly has resigned to pursue another opportunity and will remain in the role until October 30, 2026, to support an orderly transition. The company named Vikram Naidu, its vice president of finance and business operations, as interim CFO. Following the announcement, Pinterest shares fell about 3% in after-hours trading.

U.S. stock index futures were mixed before Friday’s open as investors waited for Federal Reserve Chairman Kevin Warsh’s latest remarks at the Jackson Hole symposium. Nasdaq 100 futures fell 0.24% and S&P 500 futures slipped 0.08%, while Dow futures rose 0.09%. In energy markets, Brent crude dropped 0.35% to $89.39 a barrel and WTI declined 0.30% to $83.28 a barrel.