Earnings to Watch Before and After the Bell on December 10, 2025: Oracle, Adobe, Synopsys, Chewy and More

Global markets are on edge this Wednesday, December 10, 2025, as investors juggle two big catalysts: this week’s Federal Reserve decision and a packed earnings calendar dominated by AI‑exposed heavyweights Oracle, Adobe and Synopsys. Reuters notes that stocks have been choppy as traders brace for the Fed while eyeing “key AI earnings” later this week. ^[1]

Before the opening bell, a cluster of mid‑cap names in e‑commerce, uranium, specialty vehicles and niche manufacturing report results. After the close, focus shifts firmly to mega‑cap software and space data, with Oracle (ORCL), Adobe (ADBE), Synopsys (SNPS) and Planet Labs (PL) all scheduled to release numbers.

Below is a detailed rundown of the key companies reporting today, what Wall Street expects, and the themes to watch.

Big Picture: Why Today’s Earnings Matter

Macro backdrop: Markets are reacting to shifting expectations around the Fed’s rate path, with investors watching whether policymakers lean more dovish on 2026 cuts. That’s feeding into volatility in high‑growth AI and software names. ^[2]
AI in the spotlight: Oracle and Adobe are central to the AI‑infrastructure and generative‑AI stories. Options and analyst commentary suggest traders are braced for large post‑earnings moves across AI‑linked stocks, including Broadcom later this week. ^[3]
Risk‑on vs. risk‑off: Smaller names reporting before the bell — Chewy, Uranium Energy, REV Group, Daktronics, VersaBank and J. Jill — will help set the tone for risk appetite in mid‑cap and cyclical sectors going into the afternoon tech barrage. ^[4]

Before the Bell: Pre‑Market Earnings to Watch

Chewy (CHWY): Can Pet E‑Commerce Regain Its Bite?

Pet‑supply e‑commerce leader Chewy reports results for the quarter ended October 31, 2025 before the open.

Consensus EPS: About $0.12 per share, a huge swing from a small loss a year ago — Nasdaq calculates that as roughly 1,100% year‑on‑year EPS growth. ^[5]
Valuation backdrop: Chewy trades at around 65x 2026 earnings, versus roughly 4x for its industry, underscoring how much growth is already priced into the stock. ^[6]
Fundamentals: Over the last 12 months, Chewy generated roughly $12 billion in revenue, with positive operating profit of about $163 million and net income of $151 million, according to a Trefis analysis ahead of earnings. ^[7]

Trefis also highlights Chewy’s volatile post‑earnings history: in the past five years, only about 28% of one‑day post‑earnings moves were positive, and negative reactions have often been sharp. ^[8]

What to watch:

Active‑customer trends and autoship penetration (recurring revenue).
Margin sustainability in a highly promotional online retail environment.
Any commentary on pet‑health initiatives and new services that could diversify revenue.

Uranium Energy Corp (UEC): High‑Beta Play on the Nuclear Theme

Uranium miner Uranium Energy Corp reports before the bell, and expectations are for another loss — but with big growth hopes attached. ^[9]

EPS expectations: Depending on the source, analysts peg Q1 EPS between –$0.01 and –$0.04, with GuruFocus citing a consensus of –$0.01. ^[10]
Revenue: GuruFocus estimates roughly $5.65 million, which would be a ~67% year‑on‑year decline as the company cycles past prior asset sales and project milestones. ^[11]
Balance sheet & valuation: UEC shows strong liquidity (current ratio around 8.9) but deeply negative margins and extremely rich sales multiples — a price‑to‑sales ratio above 80 and a price‑to‑book over 6 versus historical medians far lower. ^[12]

What to watch:

Commentary on production timelines and offtake contracts amid renewed nuclear interest.
Any update on the recent 15.5 million‑share equity offering and capital plans. ^[13]
Signals on how management balances aggressive growth with shareholder dilution.

REV Group (REVG): Specialty Vehicles Riding an Upswing

REV Group, a manufacturer of specialty vehicles such as fire trucks and buses, also reports pre‑market.

Consensus EPS: Nasdaq flags about $0.73, while a Benzinga preview cites $0.76 per share, both implying strong year‑on‑year growth (around 70%+). ^[14]
Track record: REV has beaten EPS expectations in recent quarters; last quarter it topped estimates by $0.19, and the stock rose about 6% the next day. ^[15]
Growth & margins: Benzinga notes consensus revenue growth of roughly 11% and a net margin above 4.5%, with ROE near 7.8%, which compares favorably with several industrial peers. ^[16]

What to watch:

Order backlog in emergency vehicles and municipal contracts.
Margin performance as supply‑chain pressures ease but wage costs remain sticky.
Guidance for fiscal 2026, especially on fleet replacement demand.

Photronics (PLAB): Semiconductor Photomasks in a Down Cycle

Chip‑tooling player Photronics supplies photomasks used in semiconductor manufacturing.

Consensus EPS: About $0.47, which Nasdaq notes is roughly a 20% decline versus the same quarter last year. ^[17]
Valuation: Photronics trades at about 13.4x 2025 earnings, in line with its industry multiple of around 13.7x. ^[18]

For investors, PLAB is a way to play semiconductor capex cycles without betting on a single chipmaker, but today’s numbers will show how sensitive its business is to any slowdown in advanced node investment.

Daktronics (DAKT): Scoreboards and Digital Displays

Daktronics, known for stadium scoreboards and large‑format displays, reports ahead of the open.

Consensus EPS: Analysts expect $0.27 per share, which would be a ~238% jump year‑on‑year, according to Nasdaq and Benzinga’s preview. ^[19]
Recent performance: The company beat EPS estimates by $0.11 last quarter, with shares up nearly 6% the next day. ^[20]
Stock trend: Despite recent beats, Daktronics shares are down around 4% over the last year, suggesting skepticism about the durability of the cycle. ^[21]

Key swing factors:

Timing of large sports‑venue and transportation contracts.
Any commentary on demand for digital out‑of‑home advertising screens.
Management’s view on balancing capex with shareholder returns.

VersaBank (VBNK): Niche Digital Lender with Double‑Digit Growth

Canadian digital lender VersaBank posts Q4 and full‑year 2025 results pre‑market, with a release at roughly 7:00 a.m. ET and a conference call at 9:00 a.m. ^[22]

Consensus EPS: Around $0.23 per share for the quarter, versus about $0.28 a year earlier. ^[23]
Revenue: MarketBeat data point to expected revenue near $24–25 million, while another preview cites about CA$33.9 million (roughly 24% year‑on‑year growth). ^[24]
Valuation: VersaBank trades at roughly 14–15x forward earnings, slightly above the broader banking industry’s multiple near 12–13x, reflecting its digital‑bank growth profile. ^[25]

What to watch:

Net interest margin trends in a higher‑for‑longer rate environment.
Loan growth in its receivable purchase and digital banking businesses.
Any outlook on credit quality as consumer conditions soften.

J. Jill (JILL): Apparel Retailer Facing a Tough Compare

Women’s apparel retailer J. Jill rounds out the pre‑market roster.

Consensus EPS: Around $0.58, which Nasdaq and MarketBeat say is roughly 35% lower than a year earlier as margins normalize from post‑pandemic peaks. ^[26]
Revenue expectations: Analysts look for about $148 million in sales, slightly below the prior year’s $150.2 million. ^[27]
Surprise history: Over the past year, J. Jill has either met or beaten EPS expectations in every quarter, despite volatility in discretionary spending. ^[28]

Investor focus:

Same‑store sales trends and traffic vs. promotional intensity.
Inventory levels going into 2026 and markdown risk.
Early reads on holiday demand and spring assortments.

After the Bell: AI, Software and Space Data Take Center Stage

Oracle (ORCL): AI Backlog vs. Debt and OpenAI Risk

The main event after the close is Oracle’s fiscal Q2 2026 report, which sits right at the intersection of the AI boom and rising leverage worries.

Consensus estimates: Wall Street expects adjusted EPS of about $1.64, up roughly 11% year‑on‑year, on revenue of around $16.2 billion, up about 15%. ^[29]
AI & OpenAI exposure: IG and TipRanks highlight that a huge portion of Oracle’s growth story now rests on its massive cloud backlog, including an estimated $300 billion, five‑year contract with OpenAI that could approach one‑third of Oracle’s revenue by 2028. ^[30]
Debt concerns: The same IG analysis notes Oracle’s free cash flow turned negative in fiscal 2025 and that management may take on around $38 billion in additional debt to fund AI data‑center build‑outs, on top of roughly $105 billion already outstanding. Credit default swaps have risen, and both Moody’s and S&P have flagged the risk of a downgrade if leverage climbs too far. ^[31]

A separate Reuters piece underlines investor anxiety over Oracle’s reliance on OpenAI and debt‑funded AI infrastructure, pointing out that the stock has given back a roughly 36% post‑earnings surge from September as markets reassess the sustainability of AI spending. ^[32]

What markets will be listening for tonight:

Backlog conversion: Are those enormous remaining performance obligations actually translating into recognized revenue at the pace Oracle promised? ^[33]
Capex and leverage: Clear plans for moderating capex and stabilizing credit metrics to keep an investment‑grade rating. ^[34]
Diversification beyond OpenAI: Evidence that Oracle’s AI‑infrastructure demand is broad‑based across customers, not overly concentrated in one transformative but risky contract. ^[35]

Options markets, according to TipRanks’ options‑implied move tool, are pricing roughly an 11% swing in ORCL shares following earnings — underscoring just how pivotal this print is viewed. ^[36]

Adobe (ADBE): Generative AI and Cloud Subscriptions Under the Microscope

Creative‑software giant Adobe also reports fiscal Q4 2025 after the bell.

Consensus expectations: Zacks and other previews suggest EPS around $5.39–$5.40, with revenue near $6.1 billion, implying high‑single‑digit to low‑double‑digit growth year‑on‑year. ^[37]
Ratings & targets: MarketBeat data show an overall “Hold” consensus rating with a wide spread of views: one Strong Buy, fourteen Buys, eleven Holds and three Sells, with an average price target around $428.96 — moderately above recent trading levels after a string of target cuts. ^[38]

Key questions for tonight:

Generative AI monetization: How quickly are Firefly and other generative‑AI features converting into higher ARPU (average revenue per user) across Creative Cloud?
Pricing power vs. competition: Whether Adobe can maintain premium pricing in the face of rising competition from both big tech and smaller creative‑suite rivals.
Regulatory overhang: Any commentary about product strategy post‑Figma termination and whether regulators are eyeing other parts of the portfolio.

For Discover and Google News audiences, Adobe’s print is a bellwether not just for enterprise IT spending, but for the broader creator economy and the monetization of AI‑powered tools.

Synopsys (SNPS): Chip‑Design Software Rides the AI Wave

Electronic design automation (EDA) leader Synopsys posts Q4 results after the close, and it’s one of the purer plays on the AI‑chip arms race.

Consensus estimates: A Benzinga preview puts expectations at EPS of about $2.88, down from $3.40 a year earlier, on revenue around $2.24 billion, up sharply from roughly $1.64 billion last year. ^[39]
Recent analyst moves: In the last few weeks, several top‑ranked analysts have upgraded Synopsys while cutting price targets. Rosenblatt shifted the stock from Neutral to Buy (target trimmed to $560), BofA upgraded from Underperform to Neutral (target $500), and Citigroup initiated at Buy with a $580 target. Others, like Stifel and Mizuho, have also reduced lofty targets but maintained bullish ratings. ^[40]
Strategic partnerships: Synopsys and NVIDIA recently announced an expanded partnership to push the boundaries of AI‑driven chip and systems design, which could support longer‑term demand for Synopsys tools. ^[41]

What to watch:

How management explains EPS compression despite strong revenue growth — likely a mix of investment, mix shift and license timing.
Bookings and backlog trends in AI‑centric segments.
Any update on M&A or integration plans as Synopsys broadens its platform.

Planet Labs (PL): High‑Growth Space Data With Persistent Losses

Space‑data and Earth‑imaging company Planet Labs is another post‑market focus name.

Earnings expectations: Benzinga’s preview calls for EPS around –$0.05 this quarter, while GuruFocus cites analyst projections of about –$0.04 and revenue near $72 million, which would mark roughly 17.5% year‑on‑year growth. ^[42]
Revision trends: GuruFocus notes that Planet has consistently beaten EPS estimates over the past two years and has seen multiple upward revisions to both EPS and revenue ahead of this print (four EPS and nine revenue upgrades). ^[43]
Financial profile: Revenue over the last 12 months is about $262 million, but the company still posts negative operating margins around –31% and net margins near –34%. Despite that, Planet maintains a strong balance sheet with low leverage and an Altman Z‑Score suggesting low bankruptcy risk. ^[44]

Investor focus tonight:

Guidance on the path to profitability and free cash flow.
Growth in annual contract value from agriculture, defense, and climate‑analytics customers.
Any commentary on competitive dynamics in commercial Earth observation.

What Last Night’s GameStop Numbers Signal for Today

While not reporting today, GameStop’s earnings late Tuesday are still influencing sentiment this morning.

Reuters reports that GameStop’s Q3 revenue came in at $821 million, well below analyst expectations near $987 million, as the retailer continues to struggle with its shift from physical game sales to digital downloads and streaming. Shares fell about 5.8% in after‑hours trading after the release. ^[45]

The miss underscores a broader theme for today’s reports: markets remain unforgiving toward companies whose transformation stories fail to translate into tangible revenue and profit growth — a warning for both AI‑exposed giants and smaller growth names reporting throughout the day.

Looking Ahead: Broadcom, Costco, Lululemon and the Rest of the Week

Although they don’t report today, investors are already positioning for Broadcom’s earnings on Thursday, as well as reports from consumer and retail names like Costco and Lululemon. An Investopedia analysis notes that options pricing implies up to a 6% move in Broadcom’s stock following its Thursday report, reflecting elevated expectations after a series of record highs and blowout AI‑related results this year. ^[46]

Those later‑week prints will provide additional confirmation (or contradiction) of whatever Oracle, Adobe and Synopsys say tonight about corporate AI and IT‑spending trends.

How Traders and Long‑Term Investors Might Approach Today’s Earnings

This is general information, not investment advice.

Focus on guidance, not just the headline beat/miss.
Many previews, from UEC to Planet to Oracle, emphasize that guidance often matters more than whether EPS beats by a few cents. ^[47]
Watch implied volatility vs. actual moves.
For Oracle in particular, options markets are pricing a double‑digit swing; a smaller move could indicate that much of the news was already priced in. ^[48]
Be wary of crowded trades.
Stocks like UEC and Planet have extended valuations and high betas. GuruFocus data show steep sales multiples and high volatility for both, which can amplify post‑earnings moves in either direction. ^[49]
In small caps, balance fundamentals with liquidity.
Names such as J. Jill, VersaBank and Daktronics can move sharply on modest volume. Pay close attention to balance‑sheet strength and cash flow, not just headline EPS. ^[50]

Bottom Line

December 10, 2025 is shaping up as one of the more consequential days of this earnings stretch. Pre‑market reports from Chewy, Uranium Energy, REV Group, Photronics, Daktronics, VersaBank and J. Jill will set the tone for risk appetite across retail, energy, industrials and financials. After the close, Oracle, Adobe, Synopsys and Planet Labs will effectively deliver a referendum on the AI and software trade — just as the Fed looms in the background.

For investors watching Google News and Discover, today’s earnings are less about any one quarter and more about whether companies can back up big narratives — AI, digital transformation, nuclear revival, and space data — with concrete, sustainable numbers.