#gross-margin

#gross-margin

Total net revenues reached RMB 3.2 billion, a 6% increase, with e-commerce revenue at RMB 2.6 billion, up 2.5%, and brand management revenue at RMB 664 million, up 24%.

CEO Mike Cannon-Brookes used the company's Thursday earnings call to reveal Atlassian now has five million users of its Rovo agentic AI offering and suggested that investors in the company might worry that costs would blow out as a result. "We're able to deliver those five million Rovo seats and continue to improve gross margin," he reassured. "That's a huge achievement on behalf of our engineering teams, but it shows that we can manage those AI costs inside for the vast majority of customers."

Net Sales -- $141.6 million, up 1.8%, supported by higher average order value and increased units per transaction. Gross Margin -- 52.3%, a 90 basis point improvement, driven by sourcing initiatives and sell-through of higher-cost inventory. Adjusted EPS -- Loss of $0.02, favorable to last year's loss by $0.04, with adjustments for $1.6 million in restructuring and a $2.4 million one-time sales tax contingency. Adjusted EBITDA -- $10.6 million, 7.5% of net sales, an increase of $2 million, or 23.9%.

Third-quarter earnings at Tesla fell to $1.4 billion, or 39 cents a share, from $2.2 billion, or 62 cents a share, a year earlier. That marked the fourth quarter in a row that profit dropped. Excluding certain charges, earning were 50 cents per share, down from 72 cents per share a year ago and below the 56 cents forecast by Wall Street analysts.

Nike yesterday revealed that it expects $1.5 billion in gross incremental costs, on an annualized basis, because of tariffs. That's a 50% increase from Nike's last estimate, provided in June, of $1 billion. Meanwhile, Nike's gross margin for its first fiscal quarter of 2026 decreased 320 basis points, in part due to "increased product costs, including new tariffs, and channel mix headwinds," EVP and CFO Matthew Friend said on a call with analysts.