Briefing

Salesforce’s third quarter of fiscal 2026 is the kind of quarter that reinforces why the company remains the defining force in enterprise software. Revenue reached $10.3 billion, up 9% year over year (8% in constant currency), with subscription and support revenue hitting $9.7 billion, up 10%. Current remaining performance obligation (cRPO) climbed to $29.4 billion — up 11% — … [Read more...] about Salesforce Q3 FY26: A Strong AI-Driven Quarter With Big ARR Gains — And A Market Ready To Debate The Next Leg Up

Snowflake’s third quarter of fiscal 2026 lands with that familiar mix of strength and tension the stock has become known for. The company posted $1.21 billion in revenue, up 29% year over year, with product revenue at $1.16 billion — also up 29% — confirming that consumption trends remain resilient. Net revenue retention held at an elite 125%. Big customers kept scaling: 688 … [Read more...] about Snowflake Q3 FY26: Solid AI Momentum, Healthier Margins — And A Market Struggling To Reprice The Story

Something about the pattern is too sharp, too sudden to pin on economics alone. Container ships don’t abandon a century-old chokepoint overnight because demand is a little soft or factories are running a bit slower. The Suez decline followed a different rhythm — one that matches missile trajectories over the Red Sea far more than macroeconomic curves on a spreadsheet. By late … [Read more...] about Why the Suez Canal Emptied: Security Shock First, Economy Second

Watching Broadcom sink today feels less like a sudden shock and more like a moment where the market finally exhales after months of leaning hard into the AI-chip euphoria trade. The stock hasn’t tanked because anything is fundamentally broken at the company — in fact, the long-term thesis still rests on solid ground: hyperscaler demand, custom silicon tied to AI datacenters, … [Read more...] about Broadcom’s Slide and the Shift in Market Expectations

It feels almost inevitable that a model built on locking creativity behind recurring fees would eventually collide with a wave of tools that cost less, update faster, and feel more collaborative, intuitive, and — honestly — fun. Adobe thrived in the era where creative workflows were heavy, specialized, and software had steep learning curves. People accepted paying for Photoshop … [Read more...] about Adobe and the fragility of a legacy-subscription empire