Sep 6, 2026 · 8 min
Oracle faces an AI-era earnings test as Adobe and Macy’s seek momentum
Week Ahead: Oracle, Adobe, and Macy’s
The companies’ results will show whether investor expectations, software optimism, and holiday demand can withstand mounting uncertainty.
- 1Oracle must clear a high investor bar after a steep stock decline and concerns about its AI outlook.
- 2Adobe’s earnings will test whether its sharp rebound can continue beyond earlier fears about software disruption.
- 3Macy’s results and holiday guidance will reveal how tariff refunds and consumer demand are shaping the season.
Don't miss
The episode shifts from near-term earnings pressure to the longer-term question of how AI and planning could reshape cities, with Dubai as the central example.
The brief
Nathan Hager and Carmen Reinecke preview Oracle, Adobe, and Macy’s, where earnings expectations matter as much as the numbers themselves.
Oracle enters its report under pressure: a steep stock decline and AI-related concerns mean even solid results may not be enough to satisfy investors.
Adobe’s rebound has challenged earlier “SaaSpocalypse” fears, but the next earnings report must show that software optimism can persist.
Macy’s faces a different test, with flat revenue expectations, possible tariff refunds, and holiday guidance putting consumer demand in focus.
The episode’s wider lens examines how AI could accelerate smart-city systems, with Dubai’s long-term urban planning offering a case study in rapid growth.
What was said on this episode
8 statements · 6 positive · 1 negative · 1 mixed
Positive earnings news is not consistently rewarded by markets.
“good news isn't always rewarded.”
Listen at 2:19
Adobe shares have risen 45 percent since late June.
“Shares are up 45% from the end of June.”
Listen at 2:55
Adobe earnings may sustain the recent share-price rally.
“earnings are going to be really important here to kind of keep this rally potentially going.”
Listen at 3:05
Investors seek evidence that software companies can integrate AI beneficially.
“people are really looking for proof that these companies can integrate AI and it can help them instead of disrupt their business.”
Listen at 3:47
Strong Macy’s results could reverse its decline, while negative reactions could trigger further selling.
“solid results could maybe reverse some of this decline, while if there is sort of a negative reaction, we could see more selling ahead.”
Listen at 5:02
Macy’s forward guidance will be important for investors.
“what they say about that forward guidance is going to be really important.”
Listen at 5:45
AI will accelerate processes in smart-city systems.
“AI will allow in the smart city space to compress a lot of things. the speed will change.”
Listen at 6:35
Dubai has a long-term urban-planning vision uncommon worldwide.
“They have a long-term urban planning vision, which again doesn't happen everywhere in the world.”
Listen at 7:03
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
Nathan Hager
Bloomberg Audio StudiosBooks & mentions
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