Stocks moved sharply after the latest round of results, with software and semiconductors among the strongest performers and Whirlpool among the notable laggards. Palantir, On Semiconductor and Snap all posted gains, while Whirlpool fell after a weaker-than-expected quarter and guidance cut. Investors focused on profit trends, revenue beats, and—where available—details on operational metrics that could inform forward demand.
Key takeaways
- Palantir shares surged after blowout second-quarter results, driven by a sharp jump in U.S. commercial revenue.
- On Semiconductor climbed on a second-quarter earnings and revenue performance that beat analyst expectations, supported by stronger margins.
- Snap shares jumped after posting a second-quarter revenue beat, with key user and monetization metrics exceeding estimates.
- Whirlpool shares fell after reporting a larger-than-expected adjusted loss, a revenue miss, and a lower full-year earnings outlook.
What drove the biggest winners after the bell
Palantir Technologies led the upside, rising about 10% following its second-quarter results. According to the report, the company’s performance was powered by a nearly 150% surge in U.S. commercial revenue. The size and direction of that growth signal appeared to resonate with investors, suggesting improved commercial traction and potentially stronger recurring demand for the company’s data and analytics offerings.
On Semiconductor gained roughly 5% after it reported second-quarter results that beat analyst expectations. The company earned 74 cents per share, excluding certain items, on revenue of $1.6 billion. According to analysts polled by LSEG, the consensus was 71 cents per share on revenue of $1.59 billion. The report also pointed to better-than-expected margins, a factor that can matter as much as the top line for investors assessing pricing power and cost discipline.
Snap jumped about 11% after delivering second-quarter results. The report said the company posted a loss of 10 cents per share, though it was not clear whether the figure was comparable to an LSEG consensus. What stood out for investors was revenue: Snap reported $1.6 billion, beating an estimate of $1.54 billion. The company also exceeded expectations for global daily active users and average revenue per user, two metrics that typically influence how markets interpret the health of ad demand and engagement-led monetization.
Why Whirlpool dragged on the market
Whirlpool fell approximately 3% after posting a second-quarter loss that was larger than analysts anticipated. The appliance maker reported an adjusted loss of 21 cents per share, compared with an expected loss of 5 cents per share, according to analysts polled by LSEG. Revenue of $3.52 billion also came in below expectations, adding to investor caution about near-term demand and profitability. The report further noted that Whirlpool lowered its full-year earnings guidance, which often weighs more heavily than quarterly results because it can reduce visibility for the rest of the year.
Market reaction and what investors are likely watching next
The post-earnings moves suggest a market that is rewarding companies with clear evidence of acceleration—such as Palantir’s steep U.S. commercial revenue growth and Snap’s outperformance in user and revenue-per-user measures—while penalizing firms when guidance deteriorates, as seen with Whirlpool’s outlook cut. For investors, the key implication is that second-quarter results are being judged not just on whether earnings beat consensus, but on whether underlying drivers—margins, customer engagement, and revenue composition—appear to be strengthening.
Next, investors will likely look for additional commentary on demand trends, margin sustainability, and the durability of revenue growth. With earnings seasons continuing across sectors, attention will also be on forthcoming company updates and macro data that can affect rate expectations and consumer sentiment—factors that often influence how markets value growth, cyclicality, and guidance credibility.
