Thursday brings a trio of earnings reports tied to the AI infrastructure buildout, and they arrive on a day when AI stocks are under pressure from leadership uncertainty at Nvidia. Here is a look at three companies in focus.
Cisco Systems (CSCO)
Cisco reports fiscal first-quarter results after the market close. The networking giant previously forecast quarterly revenue of $18 billion to $18.2 billion, according to TipRanks, and TokenPost reported an analyst revenue estimate of about $18.13 billion, which would mark growth of roughly 22% from a year earlier.
The big theme is AI. Cisco booked $9.3 billion in AI infrastructure orders from major cloud providers in fiscal 2026, according to TipRanks, as hyperscalers bought networking gear to link servers inside AI data centers. Investors will look for whether that order pace is holding. The stock heads into the report after Morgan Stanley lowered its rating to Equal-Weight from Overweight on November 5, TokenPost reported.
Applied Materials (AMAT)
Applied Materials, one of the largest makers of chip manufacturing equipment, reports fiscal fourth-quarter results after the close. The company’s outlook called for revenue of roughly $10.25 billion and adjusted earnings of about $4.02 per share, according to TipRanks.
The key question is whether chipmakers will keep expanding production capacity to meet AI demand, which drives orders for Applied’s tools. Commentary on China, where U.S. export rules limit some equipment sales, could also move the stock, especially after renewed concern about chip restrictions this week.
Nebius Group (NBIS)
Nebius, an AI cloud provider, reports before the opening bell. Its revenue soared 454% to $582.3 million in the prior quarter, according to TipRanks, and investors want to see whether it can keep that growth going while paying for costly new data centers.
The stock is already moving. Nebius fell 4.7% in premarket trading as Nvidia’s leadership news hit AI-related shares, according to Reuters. That followed a strong session Wednesday, when rival CoreWeave jumped about 24.7% after beating its own revenue forecast.
What ties them together
All three companies sell into the same spending wave: big tech’s push to build AI computing capacity. Taken together, their reports will offer a read on networking, chip equipment and cloud capacity demand just days before Nvidia’s own results on November 17. Guidance and order commentary may matter as much as the quarterly numbers themselves, since investors are trying to judge how long the current spending cycle can last.
This article is for informational purposes only and is not a recommendation to buy or sell any security.
