Tech Earnings Late Season: Salesforce, CrowdStrike, Snowflake and the Cloud-First Cohort Close Out 2025

As 2025’s main earnings season tapered off, the week of December 1–8 delivered a dense cluster of results from cloud, cybersecurity, data infrastructure and IT hardware names that collectively act as a barometer for enterprise tech spending.[3][6] A late-season slate led by Salesforce, CrowdStrike, Snowflake, MongoDB, Marvell Technology, Hewlett Packard Enterprise, Samsara, Okta, Pure Storage and others offered one of the clearest reads yet on how CIOs are budgeting for AI, security and data platforms heading into 2026.[3][6]

Unlike the mega-cap “Magnificent Seven” quarters that dominate headlines, this week’s reports came from the plumbing of modern IT: SaaS platforms that run sales and operations, security layers that protect cloud workloads, data clouds that underpin AI, and silicon and systems vendors that keep data centers humming.[1][3] Together, they reveal whether the AI boom is translating into durable, broad-based revenue or remaining concentrated in a handful of hyperscalers.[1][3]

The earnings calendar for December 1–5 highlighted Salesforce and CrowdStrike as marquee tech names, with Snowflake, MongoDB, Marvell, Okta, Pure Storage, Samsara, Rubrik and DocuSign rounding out a who’s-who of cloud-native and security-first vendors.[3][6] While detailed financials vary by company, the common narrative from this cohort centers on AI-inflected demand, security as a non-discretionary spend, and a still-cautious but stabilizing enterprise buyer.[1][2][3][5]

For investors and operators, this week matters less for single-stock fireworks and more for signal density: bookings trends, net retention, AI product attach rates, and commentary on 2026 IT budgets.[1][3][5] In this Enginerds Insight, we unpack what happened across these reports, why it matters for the broader tech stack, how experts are reading the tea leaves, and what it all means for budgets, roadmaps and competitive positioning in the year ahead.

What Happened: A Dense Week of Cloud, Security and Data Earnings

MarketScreener’s earnings calendar for December 1–5, 2025 shows a concentrated run of tech names across SaaS, cybersecurity, data infrastructure and semiconductors.[3] Key scheduled reporters included:

• MongoDB (Dec 1) with Q3 2026 earnings, giving a read on developer data platform adoption and Atlas cloud growth.[3]
• CrowdStrike (Dec 2) with Q3 2026 earnings, a bellwether for endpoint and cloud security demand.[3][6]
• Marvell Technology (Dec 2) with Q3 2026 earnings, important for AI and networking silicon tied to data centers.[3][6]
• Pure Storage (Dec 2) with Q3 2026 earnings, reflecting storage demand in AI and analytics-heavy environments.[3]
• Okta (Dec 2) with Q3 2026 earnings, a proxy for identity and access management spend.[3][6]
• Salesforce (Dec 3) with Q3 2026 earnings, the flagship enterprise SaaS and CRM platform, now heavily marketing its AI stack.[3][4][5]
• Snowflake (Dec 3) with Q3 2026 earnings, central to cloud data warehousing and AI-ready data platforms.[3][1][5]
• Samsara (Dec 4) with Q3 2026 earnings, representing IoT and connected operations software.[3][6]
• Hewlett Packard Enterprise (HPE, Dec 4) with Q4 2025 earnings, spanning servers, storage and as-a-service infrastructure.[3][1]
• Rubrik (Dec 4) with Q3 2026 earnings, focused on data security and backup for hybrid cloud.[1][3]
• DocuSign (Dec 4) with Q3 2026 earnings, a mature SaaS name tied to digital agreements and workflows.[3]
• Kroger and Dollar General (Dec 4) with Q3 2025 earnings, offering an indirect read on retail tech and data investments.[3]

The same calendar also flagged GameStop (Q3 2025, estimate) and a range of European and Canadian financials, but the tech signal was dominated by the cloud, security and data cohort.[3]

In parallel, another MarketScreener calendar for December 8–12 previewed upcoming results from Oracle, Adobe, Broadcom, Synopsys, Chewy, Nordson, TSMC and MediaTek, underscoring that the late-season tech narrative would quickly roll from SaaS and security into AI-heavy infrastructure and design software.[2] While those reports fall just outside this week’s window, they shaped expectations and trading setups around the names that did report.[2][3]

Taken together, the week functioned as a bridge: closing out the core Q3/Q4 2025 reporting cycle for many cloud and security vendors while setting the stage for AI-centric infrastructure names in the following week.[2][3]

Why It Matters: Reading Enterprise Tech Demand into 2026

This cluster of earnings is strategically important because it spans multiple layers of the enterprise stack—from CRM and identity to data platforms, security and hardware—providing a composite view of IT demand.[1][3] The MarketScreener calendar explicitly framed the December 1–5 slate as “still some big names reporting as the season draws to a close,” highlighting Salesforce and CrowdStrike in tech as headline acts.[3]

For investors, Salesforce’s Q3 2026 results are a key proxy for enterprise SaaS budgets, especially in sales, service and marketing clouds where discretionary projects can be delayed in downturns.[3][4][5] Strong or weak bookings here ripple into expectations for adjacent SaaS names.[3][5] Similarly, CrowdStrike’s quarter is a litmus test for cybersecurity resilience: security spend has historically proven more durable than other IT categories, and its results help calibrate whether that resilience is holding as macro conditions evolve.[2][3]

Snowflake and MongoDB sit at the heart of data infrastructure and AI readiness. Their Q3 2026 earnings provide insight into whether customers are consolidating data platforms, ramping AI workloads, or tightening consumption-based spending.[1][3][5] Any commentary on AI feature adoption or workload mix is particularly important for gauging how quickly AI is moving from experimentation to production.[1][5]

On the infrastructure side, Marvell Technology and HPE connect the dots between AI enthusiasm and actual capex on servers, networking and storage.[1][3][6] Marvell’s Q3 2026 earnings are closely watched for AI and cloud networking demand, while HPE’s Q4 2025 results illuminate how enterprises are balancing on-prem, hybrid and as-a-service infrastructure models.[1][3]

Finally, Samsara, Okta, Pure Storage, Rubrik and DocuSign round out the picture by touching operational tech, identity, storage, data security and workflow digitization.[1][3][6] Their results collectively indicate whether mid-market and large enterprises are still willing to fund modernization projects beyond the AI hype cycle.[1][3]

Expert Take: How Analysts and Strategists Are Framing the Week

MarketScreener’s framing of the December 1–5 earnings calendar as a continuation of “big names reporting as the season draws to a close” reflects a consensus among market strategists that this week is less about breadth and more about depth of signal from a focused set of leaders.[3][6] Salesforce, CrowdStrike, Snowflake and MongoDB are widely treated as category-defining platforms, so their quarters carry outsized interpretive weight.[1][3][5]

Analysts typically bucket this cohort into three thematic groups:

• AI and data platforms: Snowflake, MongoDB, Pure Storage, Rubrik. These names are scrutinized for AI-related workloads, data consolidation trends and storage intensity.[1][3][5]
• Security and identity: CrowdStrike, Okta, Rubrik. Here, experts look for net new logo growth, upsell into platform bundles, and consolidation away from point solutions.[2][3][6]
• Enterprise SaaS and infrastructure: Salesforce, HPE, Samsara, DocuSign, Marvell. Commentary on macro sensitivity, deal cycles and AI product attach is key.[1][3][4][5][6]

The subsequent week’s preview—featuring Oracle, Adobe, Broadcom and Synopsys—also shapes expert narratives.[2] Oracle and Adobe are seen as AI platform and creative cloud bellwethers, while Broadcom and Synopsys are central to AI hardware and EDA software.[2] Strategists therefore view the December 1–5 results as context-setting: they inform how aggressively to position into the more AI-concentrated names reporting from December 8 onward.[2][3]

Given that the MarketScreener calendars are compiled from “reputable, regularly updated sources” but still carry caveats about potential errors, professional investors typically cross-check dates and expectations against primary sources like company IR pages, Nasdaq and dedicated earnings services.[2][3][5] This week’s dense schedule across multiple calendars reinforces the need for disciplined information hygiene when trading around earnings.[2][3][5]

Real-World Impact: Budgets, Roadmaps and Competitive Positioning

For CIOs and CTOs, this week’s earnings cluster is more than a Wall Street event; it is a sanity check on vendor health and roadmap credibility.[1][3][5] When Salesforce, CrowdStrike, Snowflake, MongoDB and Okta all report in the same week, technology leaders can triangulate:

• Are vendors signaling pricing pressure or discounting, which might strengthen a buyer’s hand in renewals?[1][3][5]
• Is there evidence of seat compression or optimization, suggesting peers are trimming licenses or consolidating platforms?[1][3][5]
• How aggressively are vendors pushing AI add-ons or premium tiers, and are customers biting?[1][3][5]

Because these companies span core systems of record (Salesforce, DocuSign), systems of intelligence (Snowflake, MongoDB), and systems of protection (CrowdStrike, Okta, Rubrik), their commentary influences how enterprises prioritize 2026 initiatives.[1][3][5] A strong security and data narrative, for example, can justify reallocating budget from legacy infrastructure to cloud-native and AI-ready platforms.[1][3]

On the vendor side, the tight clustering of earnings forces sharper competitive differentiation. If CrowdStrike reports robust platform adoption while another security vendor signals deal slippage, buyers may infer platform consolidation momentum and adjust RFPs accordingly.[2][3] Similarly, if Snowflake and MongoDB both highlight AI workload growth, it can validate multi-platform strategies or, conversely, accelerate moves toward a single strategic data partner.[1][3][5]

For employees and talent markets, upbeat commentary on AI and security demand can support continued hiring in engineering, data science and go-to-market roles, while any signs of macro caution or optimization can foreshadow slower headcount growth or targeted restructuring.[1][2][3][5] Investors, meanwhile, use this week’s results to refine sector allocation between high-growth cloud names and more cyclical infrastructure plays.[1][3][5]

Analysis & Implications: Late-Season Tech Earnings as a Macro and AI Barometer

From an analytical standpoint, the December 1–8 earnings window functions as a multi-dimensional barometer for the state of enterprise tech.[1][3][5][6] The MarketScreener calendar underscores that even as “the season draws to a close,” the remaining reporters are strategically chosen checkpoints rather than stragglers.[3]

First, the stack coverage is unusually comprehensive for a single week:

• Application layer: Salesforce and DocuSign provide visibility into front-office and workflow digitization.[3][4][5]
• Security and identity: CrowdStrike, Okta and Rubrik cover endpoint, cloud, identity and data protection.[1][2][3][6]
• Data and AI platforms: Snowflake, MongoDB and Pure Storage speak to data gravity, storage intensity and AI readiness.[1][3][5]
• Infrastructure and silicon: HPE and Marvell connect software demand to physical infrastructure and networking.[1][3][6]
• Operations and IoT: Samsara adds a lens on connected operations and edge data.[3][6]

This breadth allows investors and operators to cross-validate narratives.[1][3][5] For example, if Salesforce cites elongated deal cycles but CrowdStrike and Snowflake report resilient growth, the implication is not a broad IT recession but selective caution in discretionary SaaS.[2][3][5] Conversely, if multiple layers—apps, data, security—flag optimization, it strengthens the case for a more defensive posture in 2026 planning.[1][3][5]

Second, the timing relative to the following week’s AI-heavy slate (Oracle, Adobe, Broadcom, Synopsys, TSMC, MediaTek) means this week’s results heavily influence positioning into AI infrastructure and design software.[2] Strong data and security prints can validate the thesis that AI is moving into production, supporting bullish stances on AI hardware and EDA.[1][2][5] Weakness or cautious guidance, however, could suggest that AI remains in a pilot-heavy, ROI-scrutinized phase, tempering expectations for near-term monetization.[1][2][5]

Third, the calendars’ explicit caveats about potential errors and the need to “systematically verify the information with official sources” highlight a meta-implication: earnings information itself is a competitive asset.[2][3][5] As the volume and complexity of earnings events grow, firms that invest in data quality, event-driven infrastructure and automated parsing of earnings commentary gain an edge in both trading and strategic planning.[2][3][5]

For practitioners, the practical takeaway is to treat this week not as an afterthought but as a concentrated signal window.[1][3][5] The combination of category leaders, stack coverage and proximity to AI-centric reports makes December 1–8 a critical inflection point for refining 2026 assumptions about:

• AI adoption curves across data, apps and infrastructure.[1][2][5]
• Security and identity consolidation dynamics.[2][3][6]
• Budget elasticity between core operations and innovation projects.[1][3][5]

Conclusion

The week of December 1–8, 2025 may lack the headline drama of mega-cap Big Tech, but for anyone building, buying or investing in enterprise technology, it is a high-signal moment.[1][3][5] Earnings from Salesforce, CrowdStrike, Snowflake, MongoDB, Marvell, HPE, Samsara, Okta, Pure Storage, Rubrik and DocuSign collectively sketch a detailed map of where enterprise dollars are actually flowing as 2026 approaches.[1][3][5][6]

By spanning applications, security, data platforms, infrastructure and IoT, this cohort offers a rare, near-simultaneous snapshot of the entire modern IT stack.[1][3][5] Layered on top of a preview of upcoming AI-centric reports from Oracle, Adobe, Broadcom and Synopsys, the week’s results help calibrate expectations for both software-led AI monetization and hardware-driven AI capex.[1][2][3][5]

For Enginerds readers—operators, engineers and investors alike—the imperative is clear: use this late-season cluster not just to track beats and misses, but to interrogate the underlying narratives around AI adoption, security resilience, data gravity and budget prioritization.[1][3][5] The companies reporting this week are not just reacting to the future of enterprise tech; they are actively shaping it.[1][3][5] How they talk about demand, product roadmaps and customer behavior will echo through 2026 strategies, from boardrooms and budget meetings to architecture diagrams and sprint backlogs.[1][3][5]

References

[1] Techzine. (2025, December 6). Earnings roundup: UiPath, HPE, Rubrik, Salesforce, and Snowflake. Retrieved from https://www.techzine.eu/news/infrastructure/137027/earnings-roundup-uipath-hpe-rubrik-salesforce-and-snowflake/

[2] MarketScreener. (2025, December 7). Earnings calendar for week of December 8–12, 2025: Oracle, Adobe, Broadcom a trio to watch. Retrieved from https://www.marketscreener.com/news/earnings-calendar-for-week-of-december-8-12-2025-oracle-adobe-broadcom-a-trio-to-watch-ce7d51ddda8cf722

[3] MarketScreener. (2025, November 30). Earnings calendar from 1 to 5 December 2025: just when you think it’s over, there’s more to come. Retrieved from https://www.marketscreener.com/news/earnings-calendar-from-1-to-5-december-2025-just-when-you-think-it-s-over-there-s-more-to-come-ce7d51d8d98bf521

[4] MarketBeat. (2025, December 4). Salesforce (NYSE: CRM) shares up 3.9% following better-than-expected earnings. Retrieved from https://www.marketbeat.com/instant-alerts/salesforce-nysecrm-shares-up-39-following-better-than-expected-earnings-2025-12-04/

[5] Benzinga. (2025, December 4). Salesforce, Snowflake, UiPath, iRobot, and Netflix: Why these 5 stocks are on investors’ radars today. Retrieved from https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/12/49200734/salesforce-snowflake-uipath-irobot-and-netflix-why-these-5-stocks-are-on-investors-radars-today

[6] TipRanks. (2025, December 1). Options volatility and implied earnings moves this week (December 01–December 04, 2025). Retrieved from https://www.tipranks.com/news/options-volatility-and-implied-earnings-moves-this-week-december-01-december-04-2025

Nasdaq. (2025). Earnings reports. Retrieved from https://www.nasdaq.com/market-activity/earnings