[Contest] Earnings season is drawing to a close! Focus on Meituan and Broadcom, with optical communication players Credo and Ciena both reporting—weekly earnings roundup (June 1–5)

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At the start of this week, the global memory chip industry hit a milestone:$Micron Technology (MU.US)$$SK Hynix (000660.KR)$Both companies’ market caps surpassed $1 trillion each, joining$Samsung Electronics (005930.KR)$to form the 'Trillion-Dollar Memory Trio Club'!

The AI computing power supply chain is riding a strong uptrend, yet Chinese ADRs have delivered a bittersweet earnings performance.$XIAOMI-W (01810.HK)$、$PDD Holdings (PDD.US)$、$KUAISHOU-W (01024.HK)$、$XPeng (XPEV.US)$、$Li Auto (LI.US)$Several high-profile companies are releasing their earnings reports simultaneously,Amid the challenge of balancing growth and profitability, their results have been mixed, leading to sharp divergences in share prices.The Hong Kong stock market$Hang Seng Index (800000.HK)$faced weekly downward pressure, but chip stocks surged against the trend during the week, delivering standout performance, boosted by Huawei's 'Tao's Law' breakthrough in semiconductor technology.

As May trading draws to a close, the investment calendar for June is unfolding.The Q1 earnings season is also nearing its end, and next week’s two major earnings reporters—$MEITUAN-W (03690.HK)$Hong Kong-listed$Broadcom (AVGO.US)$and U.S.-listed stocks—will be key catalysts capable of moving the broader market.

Meituan will announce its Q1 2026 earnings after the Hong Kong market closes on June 1.

The market expects revenue of approximately RMB 91.108 billion, up 5.26% year-over-year, with an expected EPS of -RMB 1.60. As subsidy-driven competition gradually subsides and the competitive landscape becomes more rational,Meituan's path to restoring profitability has become a key focus for investors.

Citi’s latest research report forecasts Meituan’s Q1 core local commerce segment to report an operating loss of RMB 4.6 billion, a significant narrowing of RMB 5.5 billion from the previous quarter. Meanwhile, the competitive dynamics between its on-demand services and Douyin are showing positive signs of stabilizing and diverging; overseas expansion is accelerating, with some markets nearing breakeven. The market will closely monitor sequential changes in subsidy rates, user engagement metrics, progress on KeeTa and instant retail initiatives, and management’s guidance on the profitability trajectory for the second half of the year.

Broadcom is scheduled to release its Q2 fiscal year 2026 earnings after U.S. market close on June 3.

In the AI chip space,$NVIDIA (NVDA.US)$dominates the industry standard for general-purpose GPUs,while Broadcom focuses on$Alphabet-A (GOOGL.US)$、$Meta Platforms (META.US)$custom AI accelerators (XPUs) and interconnect chips for hyperscale customers, a niche segment whose demand is growing even faster than that for general-purpose GPUs.

With explosive growth in AI inference demand, the advantages of custom chips—lower power consumption and higher efficiency—are gaining broader recognition among customers.

Broadcom delivered an impressive performance in its last fiscal quarter (ended February 2026): revenue reached $19.311 billion, up 29% year-over-year, with AI-related revenue hitting $8.4 billion, more than doubling with a 106% year-over-year increase;CEO Hock Tan explicitly stated that Q2 AI semiconductor revenue is expected to accelerate further to $10.7 billion.For the upcoming Q2 earnings release, the market is primarily focused on whether AI revenue materializes as expected and whether the upper end of full-year AI revenue guidance will be further raised.

the commercialization loop for FSD is continuously being perfected, opening up new profit potential.Other hot names in the U.S. AI supply chain—such as Credo Technology, Ciena, and CrowdStrike—are also entering their earnings verification period. 👇

AI connectivity chipmaker$Credo Technology (CRDO.US)$Last quarter, revenue surged 201% year-over-year, but concerns have emerged over narrowing margins. The market is watching whether its AI optical products can be delivered at scale as planned in fiscal year 2027, and whether management’s full-year growth guidance of over 50% has room for further upward revision.

Also a beneficiary of AI infrastructure,$Ciena (CIEN.US)$This earnings report must answer a key question: as hyperscale customers aggressively purchase GPUs, how many more quarters of sustained growth can the high-speed optical networks built to connect these GPUs deliver?In the AI + cybersecurity space,$CrowdStrike (CRWD.US)$it needs to demonstrate whether its ARR growth rate can continue running at a high pace above 20%.

Shifting our view from the ground to space,$Planet Labs PBC (PL.US)$after achieving positive full-year adjusted EBITDA for the first time and doubling its backlog, the market is closely watching whether this profit momentum can continue.

On the consumer side,$Lululemon Athletica (LULU.US)$It will report earnings after the US market close on June 4. Following the conclusion of its internal proxy battle, it will be worth watching how management plans its next steps to steer the North American market back onto a growth trajectory.

Each earnings report is a chess piece—where it lands may mark the starting point of the next market move.

Stay close@富途業績Sir, let’s all tune in at the moment earnings are released! Follow@业绩会第一现场This provides direct access to the live earnings call, helping you seize opportunities and boost your investment!

📅 [Earnings Live Preview]

Meituan Q1 2026 Earnings Live Broadcast
Broadcom Fiscal Year 2026 Q2 Earnings Live Broadcast
Ciena Fiscal Year 2026 Q2 Earnings Webcast

A lineup of star stocks is set to report earnings! How can you avoid missing the highlights?

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Will Meituan’s narrowing losses materialize? And will Broadcom’s AI revenue once again blow past expectations?Fellow investors, feel free to discuss in the comment section~

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