Extended trading saw a wave of stock moves driven primarily by quarterly results and updates to full-year or near-term guidance across software, semiconductors, networking and financial services. Several names rose sharply on beats and raised outlooks, while others declined as revenue or profit projections missed expectations or offered cautious guidance.
Key takeaways
- Duolingo jumped about 10% after reporting third-quarter revenue and monthly active users above expectations.
- Alight surged 17% on raised full-year 2026 guidance for both revenue and adjusted EBITDA.
- Skyworks Solutions fell roughly 15% after fiscal first-quarter guidance came in below Street expectations.
- Avis Budget Group dropped about 8% following weaker earnings despite revenue that edged above consensus.
- Block rallied more than 8% after earnings and revenue exceeded expectations and the company raised full-year guidance.
What drove the market in extended trading
Results and forward guidance were the dominant catalysts. Duolingo climbed after reporting third-quarter revenue of $309 million, ahead of an LSEG consensus of $303 million. The company also posted 153 million monthly active users for the quarter, above a 149 million forecast, with its adjusted EBITDA margin coming in above expectations.
Alight shares rose 17% as the employee benefits consultancy lifted its outlook for 2026. The company forecast revenue between $2.115 billion and $2.125 billion, compared with a FactSet consensus of $2.09 billion. Alight also guided adjusted EBITDA to $410 million to $420 million, exceeding the Street’s estimate of $404.4 million.
In semiconductors, Advanced Micro Devices gained about 7% after reporting stronger-than-expected third-quarter results. Adjusted earnings were $2.09 per share, above estimates for $1.95, according to analysts surveyed by LSEG, and the company’s revenue forecast for the current quarter was also above expectations.
Where guidance disappointed and dragged shares lower
Not all companies offered the kind of outlook investors wanted. Skyworks Solutions slid about 15% after its fiscal first-quarter guidance disappointed. The company projected adjusted earnings of about $1.25 per share and revenue of $1.80 billion to $1.90 billion, short of LSEG consensus of $1.50 and $1.99 billion, respectively. The timing also matters: Skyworks completed its combination with Qorvo in early October, and the fiscal first quarter is the first combined quarter.
Avis Budget Group fell roughly 8% despite revenue that was slightly above consensus. The company earned $5.15 per share, down sharply from $10.11 per share a year earlier, while revenue totaled $3.44 billion, edging above a FactSet consensus of $3.42 billion. Investors appeared to focus on earnings durability rather than revenue alone.
Toast declined about 5% after reporting third-quarter results that topped estimates, according to FactSet. The stock also reacted to leadership changes: Toast said CFO Elena Gomez will leave at the end of 2026 and will be replaced by senior vice president of finance Michael Senno.
Freshworks dropped about 9% even after posting stronger-than-expected third-quarter results and full-year guidance. The company reported adjusted earnings of 22 cents per share on revenue of $245.4 million, versus expectations of 18 cents on revenue of $245.1 million from analysts polled by FactSet. The selloff came despite the stock’s recent strength, with the shares up more than 20% over the past three months.
Additional movers after earnings updates
Other notable extended-trading reactions included Super Micro Computer, which rose more than 5% after a beat on earnings per share and revenue. For fiscal year 2027, the company projected net sales of $72 billion to $82 billion, above the LSEG consensus of $69.17 billion.
Arista Networks gained about 9% after its current-quarter guidance outperformed expectations. Arista guided fourth-quarter earnings of $1.26 to $1.30 per share on revenue of $3.9 billion to $4.0 billion. Analysts surveyed by LSEG were looking for $1.15 per share and $3.60 billion.
Block rallied more than 8% after earnings and revenue topped forecasts and the company raised guidance for the full year ending December. Adjusted earnings were $1.13 per share, ahead of the $1.03 LSEG consensus, while revenue reached $6.72 billion, beating the $6.59 billion estimate.
What to watch next
Investors in these names will likely focus on how management’s updated guidance translates into second-half earnings power, especially where stocks moved on forward projections (such as Skyworks and Alight). The next market test will come from upcoming company updates, alongside broader macro catalysts that continue to shape expectations for growth and margins, including the timing of additional earnings releases and forthcoming data and policy signals from the Federal Reserve.
