Oracle is A-tier for earnings, with strong growth in cloud and AI infrastructure, but the hybrid model makes valuation difficult and it's not a buy for the creator.
Source Post
Every SaaS Earnings Report Ranked from Worst to Best
May 28, 2026
The creator reviews SaaS earnings reports, ranking them from worst to best. He expresses strong negative sentiment towards Trade Desk due to slowing growth and competition, but is bullish on AppLovin for its AI capabilities in ad tech and potential in e-commerce. Service Now is seen as a high-quality business with AI tailwinds despite a market overreaction to margin guidance, while Salesforce is viewed as a mature cash flow story rather than a growth play.
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Cloudflare is rated C-tier for earnings and valuation due to declining gross margins, workforce cuts, and the need for significant revenue growth to justify its model.
Atlassian, known for Jira and Confluence, is experiencing strong headline growth of 32% and is relied upon by engineering teams, suggesting a positive outlook.
Workday provides HR software but is described as 'mid' with unimpressive leadership and high stock-based compensation impacting its valuation, leading the creator to believe better options exist in the SaaS space.
SAP, which runs the back office for large enterprises, is seen as a sticky business with good earnings (B tier) and a fair valuation (B tier), making it a solid hold for existing investors.
Despite revenue growth, Duolingo's stock fell as the creator views consumer SaaS as difficult and places the company in the C tier due to its 'two hard' valuation and the potential for users to simply stop learning.
Palo Alto Networks is a strong player in cybersecurity with a compelling platform story, but integration costs are hurting EPS guidance, leading the creator to hold rather than buy.
Zscaler's stock dropped significantly despite beating Q3 earnings due to a sharp decrease in growth guidance, and the creator places it in the D tier, citing competition and slowing growth.
Intuit is a cheap company with a good QuickBooks business, but AI is a negative for TurboTax and Mailchimp is commoditized, making it a hold for those who like the stock.
Toast is a solid business with a lot of runway, but the current valuation is too high, and investors should wait for a cheaper entry point.
