Earnings season continues to wind down but there are still a number of key companies due to update on their performance in the coming week.
Chipmaking giant TSMC (2330.TW, TSM) is due to release its latest monthly sales figures, which comes on the back of the company's CEO saying that demand remained strong for artificial intelligence (AI) chips.
Another tech name in the spotlight will be Adobe (ADBE), which is due to report second quarter earnings, with investors focused on the monetisation of its AI products.
Tesco (TSCO.L) is set to provide a bellwether update for the UK grocery market. Its first-quarter report comes with supermarket price wars on the horizon, as shops fight to retain customers.
In the housebuilding sector, investors will want to see how Bellway (BWY.L) is performing against key targets set out by the company's CEO earlier this year.
Zara owner Inditex (ITX.MC) reports results on Wednesday, with investors keen eyes on its margins following a disappointing report in March.
Here's more on what to look out for:
Shares in TSMC (2330.TW, TSM), which is the world's largest contact chipmaker, popped earlier this week after the company's CEO CC Wei said that demand remained strong for AI chips.
Investors appeared to look past Wei's warning at TSMC's annual shareholder meeting on Tuesday that US tariffs were having some impact on the company.
"Tariffs do have some impact on TSMC, but not directly," he said, according to a Reuters report. "That's because tariffs are imposed on importers, not exporters. TSMC is an exporter. However, tariffs can lead to slightly higher prices, and when prices go up, demand may go down."
"If demand drops, TSMC's business could be affected," he added. "But I can assure you that AI demand has always been very strong and it's consistently outpacing supply."
Wei reportedly said that TSMC had expressed concerns about tariffs to the US Department of Commerce that levies could increase production costs in the US.
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"The US commerce department said this is open for discussion, but how long that will take remains unclear," he said. "The real point is that we are in active communication, because only through understanding can they realise the consequences."
According to Reuters, Wei said that he had told US president Donald Trump that the additional $100bn (£73.9bn) of investment in the US, which was announced in March, would be difficult to complete in the next five years.
"[Trump] said, 'Mr Wei, do your best, that's good enough'," Wei said.
Attention will now turn to TSMC's May monthly sales figures, which are due out on Tuesday. In April, the chipmaker posted revenue of $349.57bn (£8.62bn) Taiwan dollars, up 48% on the same month last year and 22% on March.
For the second quarter as a whole, TSMC guided to revenue of between $28.4bn and US$29.2bn, in its first quarter results.
Shares in Adobe (ADBE) tumbled in March after the creative software developer offered second quarter guidance that failed to top investor expectations.
The company said in its first quarter results that it was targeting revenue in the range of $5.77bn to $5.82bn, which was in line with analysts' expectations, according to a Reuters report.
However, for the first quarter, Adobe delivered revenue of $5.71bn and adjusted earnings per share (EPS) of $5.08, both of which were ahead of estimates.
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A key focus for investors is how effectively Adobe is monetising its AI tools, as well as staving off competition from other generative AI software makers.
In April, at its MAX London creativity conference, Adobe unveiled new models of its Firefly AI-assisted app, as well as new AI-powered video tools in its Adobe Express platform.
Shantanu Narayen, CEO of Adobe, said in the first quarter results that the company is "well-positioned to capitalize on the acceleration of the creative economy driven by AI".
On the back of record Q1 results, Adobe re-affirmed its financial targets for the full year, targeting revenue of between $23.3bn and $23.55bn.
On the FTSE (^FTSE), investors will be looking to Tesco's (TSCO.L) Q1 report for guidance on the health of the grocery sector. Key things to watch will be the change in like-for-like sales, excluding VAT and fuel, at the UK, Irish and Booker businesses, as well as the Central European operation.
"Only Booker suffered a drop in the financial year to February 2025 and the latest market share figures from Kantar for the UK grocery market bode well, as Tesco has gained 40 basis points of market share over the past year," said analysts at AJ Bell.
Tesco shares are trading close to 12-year highs in spite of a potential looming supermarket price drop war, the analysts added.
Expected figures will be group adjusted operating profit of between £2.7bn and £3bon for the 12 months to February 2026, down from £3.1bn in the last financial year, and free cash flow of between £1.4bn and £1.8bn, compared to £1.75bn.
Jason Honeyman, CEO of Bellway (BWY.L), said in the housebuilder's first half results in March that the company had seen an "improvement in customer enquiries and reservations since the start of the new calendar year".
In the first half, Bellway recorded a 12% increase in revenue to £1.43bn ($1.93bn), while profit before tax was up nearly 20% at £140.8m.
Honeyman said that the housebuilder remained on track to deliver volume output of at least 8,500 homes for the full financial year and expected Bellway's order book to build in the second half to support further growth in 2026.
AJ Bell's investment experts Russ Mould, Danni Hewson and Dan Coatsworth said: "Shares in housebuilder Bellway are marginally higher than a year ago, but still a one-third below their pre-Covid peak as issues such as housing affordability and planning regulations linger and doubts rise again over the rate at which interest rates, and by extension mortgage rates, may fall."
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"The lack of visibility is reflected in valuations across the quoted housebuilders, where the average rating is now barely one times historic net asset, or book, value, compared to the Help to Buy peak of around two times," they said.
"Bellway is still one of the cheaper stocks within the sector, with its putative takeover target of last summer, Crest Nicholson (CRST.L), still the cheapest of the lot, thanks to its track record of poor execution. Bellway eventually walked away from its all-stock offer."
AJ Bell's team warned that the trading update wouldn't include a full profit and loss account, so the statement would be judged against three key targets provided by Honeyman at the time of the March results.
That included an increase in completions of more than 10% to at least 8,500 and average selling prices at around £310,000, as well as an increase in its order book to set up growth in 2026. In addition, the housebuilder is aiming to increase its full-year operating margin to 11% from 10%.
"Shareholders and analysts will also keep an eye open for comments on input cost inflation and any more provisions for tall and legacy building project remediation, where Bellway booked another £9m or so in the first half," said AJ Bell's investment experts.
For the full year, they said that analyst consensus is currently looking for pre-tax profit of £267m, up from £184m last year and an increase in the dividend to 64.7p per share from 54p.
Results from Zara and Bershka owner Inditex (ITX.MC) next week will give a broad read on the retail sector. Last quarter, the firm disappointed, leading to a selloff for its stock.
All eyes will be on the world's biggest fashion retailer following the company’s weakest trading update since 2016, excluding the pandemic era.
Similar uncertainties still face the company this quarter: questions around the impact of Trump's tariffs are floating around. The US is Inditex's second biggest market, and it doesn't produce any of its clothes there.
The results will be the first for the company's new chief financial officer Andres Sanchez Iglesias, who is overseeing the second year of a large logistics investment plan. The company is spending a total of 1.8bn euros to expand capacity, including its hub in Zaragoza, Spain.
Over the last six months the company's stock has dipped more than 13.6%.
Monday 9 June
Casey’s General Stores (CASY)
Tuesday 10 June
FirstGroup (FGP.L)
GB Group (GBG.L)
Oxford Instruments (OXIG.L)
Safestore (SAFE.L)
JM Smucker (SJM)
Wednesday 11 June
Fuller, Smith & Turner (FSTA.L)
Molten Ventures (GROW.L)
Vp Group (VP.L)
Ramsdens (RFX.L)
Chewy (CHWY)
Thursday 12 June
Norcros (NXR.L)
Crest Nicholson (CRST.L)
Idox (IDOX.L)
Kroger (KR)
You can read Yahoo Finance's full calendar here.
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