Stocks moved in after-hours trading as a wave of quarterly results and outlook updates hit earnings expectations across sectors ranging from cloud computing and semiconductors to EVs, social media and medical technology. The steepest reactions came from companies whose forward guidance missed or clarified differently from analyst estimates, while several firms that beat on operating metrics still saw shares retreat due to weaker revenue signals or margin outlook.
Key takeaways
- Amazon shares fell more than 6% after third-quarter results missed on both earnings and revenue, despite reaffirmed capital expenditure guidance.
- Intel dropped about 17% following guidance for the current quarter that came in below expectations.
- Pinterest slid 12% as the company’s latest results and fourth-quarter revenue outlook underperformed analyst estimates.
- Rivian gained around 4% after beating third-quarter expectations and providing a revised 2026 outlook tied to improving deliveries and economics.
- Multiple guidance cuts pressured stocks, including Reddit, Roblox, Twilio and Stryker, underscoring how investors are prioritizing forward profitability and sales trajectories.
Results and guidance that drove the biggest after-hours moves
Among megacap names, Amazon fell more than 6% after its third-quarter performance came in below Street targets. The company reported earnings of $1.89 per share on revenue of $201.94 billion, while analysts surveyed by LSEG had expected $1.96 per share on $202.31 billion. Despite the miss, Amazon reaffirmed full-year capital expenditures of $220 billion, suggesting investors focused on near-term demand and margin delivery rather than longer-run spending plans.
In semiconductors, Intel was the largest decliner, dropping about 17% after its current-quarter guidance underwhelmed. Intel projected adjusted earnings of 25 cents per share on revenue of $15 billion to $16 billion. LSEG-compiled expectations were for 43 cents and $17.1 billion in revenue. The magnitude of the move indicates investors were not only reacting to third-quarter results, but placing greater weight on how quickly the company can improve fundamentals and revenue momentum.
For data storage, Sandisk fell about 2% even though it posted an earnings and revenue beat in its fiscal first quarter. Sandisk delivered adjusted earnings of $49.51 per share versus analysts’ estimate of $46.22, according to LSEG. The stock’s decline, alongside the announcement of an eight-for-one forward stock split, suggests the market was looking for additional details about growth and profitability beyond the headline beat.
Social media and gaming: misses on guidance outweighed beat quarters
Pinterest dropped 12% as both the top and bottom line fell short, and its forecast reinforced the disappointment. For the third quarter, the company earned 46 cents per share on revenue of $1.17 billion. LSEG analysts had expected 48 cents and $1.21 billion. Pinterest also guided fourth-quarter revenue of $1.425 billion to $1.475 billion, below the FactSet consensus estimate of $1.52 billion. The shares’ move reflects investors’ sensitivity to advertising-driven revenue visibility.
Other social platforms saw sharper drawdowns tied to forward-looking guidance. Reddit slid 16% after current-quarter guidance disappointed. The company expects fourth-quarter sales between $1 billion and $1.03 billion, while the LSEG consensus forecast called for $1.05 billion. The weak outlook also outweighed the company’s third-quarter top- and bottom-line beats, underscoring a recurring market pattern: investors are increasingly trading the path ahead rather than only the quarter just reported.
Roblox fell 17% following disappointing fourth-quarter guidance. The company projected bookings from $1.89 billion to $2.00 billion, below the analysts’ expectation of $2.00 billion. Roblox also guided adjusted EBITDA losses ranging from $70 million to $10 million, highlighting continuing cost and profitability uncertainty in the near term.
On engagement software, Twilio dropped 18% as the lower end of its earnings outlook fell short. Twilio projected fourth-quarter adjusted earnings of $1.48 to $1.53 per share, compared with LSEG’s estimate of $1.49 per share. The move suggests investors were focused on whether incremental guidance can support margin expansion and durable customer demand.
Industrials and consumer: mixed prints, uneven investor takeaways
Starbucks declined about 2% after reporting mixed results in its fourth quarter. Revenue came in at $9.14 billion versus the $9.23 billion analyst estimate from LSEG, while adjusted earnings beat expectations. The company’s international growth disappointed, but domestic locations exceeded estimates for same-store sales growth. Investors appeared to weigh weaker international momentum more heavily than the earnings beat.
Stryker slid 12% after cutting full-year guidance for adjusted earnings. The medical equipment company expects adjusted earnings of $14.80 to $14.90 per share, missing the FactSet consensus of $14.95. Stryker also guided organic revenue growth of 6.5% to 7% year over year, below analysts’ forecast for 8.2%. The combination of a profit and growth downtick suggests a broader concern about the timing of demand normalization.
EV momentum: Rivian rises on stronger deliveries and updated outlook
Rivian Automotive advanced about 4% after beating Wall Street’s third-quarter expectations and stepping up production of its new entry-level R2 SUV. Rivian reported 19,248 vehicle deliveries from July through September, up from the prior year period. The company also revised its 2026 guidance, citing expected improvements in vehicle deliveries, adjusted pretax earnings, and capital expenditures. The positive reaction indicates investors viewed the guidance update as a credible path toward better operating economics, particularly as production ramps.
What to watch next
With investors reacting sharply to forward guidance, the next focus will likely center on how these companies update demand assumptions and margin outlook over the coming quarters. Attention should turn to upcoming earnings calls and investor materials that clarify revenue drivers, profitability trends and how management plans to close gaps versus consensus—alongside broader market factors such as interest-rate expectations and the outlook for consumer and enterprise spending.
