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Tariff Impact Tracker from Earnings Calls

Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.

Agilent Technologies, Inc.

A2025-08-27Life Sciences and DiagnosticsGlobal
Negative

We continue to offset additional tariff costs across the second half.

Financial Impact
Tariff expenses were higher than our prior expectations due to increased shipment volumes.
Cost Impact
Higher tariff costs driven by increased revenue volume and inventory build.

Royal Bank of Canada

RY2025-08-27Financial ServicesNorth America
Negative

However, the constructive environment for market-related revenue continues to be tempered by geopolitical risks and the uncertainty around trade policy particularly China's levy against Canada's canola exports.

Operations
Uncertainty around tariffs is affecting client investment decisions, leading to cautious behavior in capital spending.
Cost Impact
Potential rising inflation and lower corporate profit margins due to trade tensions.

The J. M. Smucker Company

SJM2025-08-27Consumer StaplesGlobal
Negative

Unfortunately, tariff rates have gone above 10%, and we have to react to that. And we now have a net 25¢ impact which is largely coming through our coffee portfolio.

Cost Impact
Increased tariffs on green coffee are raising costs for the company.
Revenue Impact
Higher pricing actions due to tariffs may affect overall revenue growth.

Pure Storage

PSTG2025-08-27TechnologyGlobal
Neutral

Evergreen One continues to deliver consistent customer value that protects customers from future uncertainties, including capacity and performance planning, pricing, and tariff unpredictability.

Guidance Impact
The mention of tariff unpredictability suggests potential challenges in long-term financial planning and cost management.

The Cooper Companies

COO2025-08-27HealthcareGlobal
Negative

We plan to more than offset it through disciplined operating expense management.

Cost Impact
Tariffs are expected to pressure gross margins.
Financial Impact
The impact is approximately $24 million lower than previously anticipated.

NVIDIA Corporation

NVDA2025-08-27TechnologyChina
Negative

We have not shipped any H20 based on those licenses.

Revenue Impact
Potential revenue loss from not shipping H20 products to China due to geopolitical issues.
Guidance Impact
Exclusion of H20 shipments in Q3 outlook affects overall revenue projections.

The Bank of Nova Scotia

BNS2025-08-26BankingNorth America
Negative

After taking a conservative stance on credit last quarter that featured an 18 basis point performing provision driven by U.S. tariff uncertainty.

Financial Impact
Elevated provisions for credit losses were taken due to uncertainties stemming from tariffs, impacting financial results.

BMO Financial Group

BMO2025-08-26Financial ServicesNorth America
Neutral

In recent months, some trade-related risks to the North American economy have eased, though the final outcome is unclear and geopolitical challenges persist.

Cost Impact
The uncertainty around tariffs and trade policies contributes to a cautious credit environment, influencing the bank's outlook on provisions for credit losses.
Guidance Impact
Uncertainty from trade policies has been factored into the bank's guidance, impacting their overall performance expectations.

Ross Stores

ROST2025-08-21RetailGlobal
Negative

Included in this year's second quarter earnings is an approximate $0.11 per share negative impact from tariff-related costs.

Cost Impact
Tariff-related costs negatively impacted operating margins and earnings per share.
Guidance Impact
Forecasting a negative tariff cost of approximately $0.07 to $0.08 for Q3 and $0.04 to $0.06 for Q4, impacting overall earnings guidance.

Walmart Inc.

WMT2025-08-21RetailNorth America
Negative

With regard to our US pricing decisions given tariff-related cost pressures, we're doing what we said we would do. We're keeping our prices as low as we can for as long as we can.

Cost Impact
Tariff-related cost pressures have led to increased costs for Walmart, affecting pricing strategies.
Revenue Impact
The impact of tariffs has influenced consumer behavior and sales, particularly in discretionary categories.
🔔Tracking Started: This page tracks tariff commentary from NYSE and NASDAQ companies with market capitalization above $10 billion, beginning April 2, 2025.