Neutral/Negative Catalysts
- Revenue growth is mixed/soft: one summary indicates Q2 revenue down ~5–6% YoY (despite also being reported as up in another headline), so underlying demand trend looks not clearly accelerating.
- Margins: gross margin reported down (~32.39%, -6.36% YoY), which can cap multiple expansion.
- Estimate revisions before earnings were cautious: indicates Wall Street had been de-risking expectations heading into the print.