Stocks moved in thin after-hours trading as a fresh batch of quarterly results rolled in, led by a mixed bag of earnings from megacaps and growth names. Apple rose about 2% in extended trading after delivering a fiscal second quarter that topped consensus on earnings and revenue, though iPhone sales disappointed again. According to CNBC, Apple posted earnings of $2.01 per share on revenue of $111.18 billion, beating the Wall Street estimates of $1.95 and $109.66 billion provided by LSEG. The company’s iPhone sales again missed estimates, marking a second miss in three quarters.
Other names that moved after the bell showed divergent trajectories. Roku advanced about 6% after reporting first-quarter revenue of $1.25 billion, above the expected $1.20 billion per FactSet, and an adjusted EBITDA of $148.4 million that topped the roughly $131.3 million forecast. The company also signaled current-quarter metrics—adjusted EBITDA, revenue and gross profit—that would come in above analysts’ expectations. In contrast, Amgen slipped roughly 2% after modestly raising its full-year guidance to reflect a slightly stronger outlook, versus a Street consensus that still sits around the mid-20s in earnings per share for the year.
Social-media platform Reddit jumped more than 8% as quarterly metrics beat expectations: daily active users reached 126.8 million in the first quarter, beating StreetAccount’s 125.9 million, while adjusted EBITDA for the current quarter was guided toward the upper end of the consensus range. Online-game operator Roblox tumbled about 21% after slashing its full-year bookings guidance to a range of $7.33 billion to $7.60 billion from $8.28-$8.55 billion, and signaling second-quarter bookings around $1.55-$1.61 billion versus the $1.83 billion analysts expected.
Memory maker Sandisk fell about 6% despite reporting third-quarter earnings that topped expectations, with adjusted earnings of $23.41 per share on $5.95 billion in revenue versus broader estimates for about $14.54 per share and $4.70 billion. The stock’s decline came after a year-to-date rally that has propelled it higher, even as guidance outpaced estimates. Cloud-communications name Twilio jumped roughly 18% after posting first-quarter adjusted earnings of $1.50 per share on revenue of $1.41 billion, both ahead of the Street’s targets, with management signaling a higher revenue range for the current quarter than analysts expected.
Monolithic Power Systems slipped about 2% despite reporting better-than-expected first-quarter results: earnings of $5.10 per share, excluding items, on revenue of $804.2 million. The company also announced a win in a patent dispute with Bel Power Solutions. Western Digital, rebranded as WD, fell about 6% after its fiscal third-quarter results and fourth-quarter outlook beat expectations; the company guided to adjusted earnings of $3.25 per share for the fourth quarter, plus or minus 15 cents, and revenue of $3.65 billion, plus or minus $100 million. The shares had already surged substantially in prior months. Dexcom slid about 6% after posting first-quarter earnings of 56 cents per share, excluding items, on $1.19 billion in revenue, topping the consensus of 47 cents and $1.17 billion; for 2026, the company reiterated revenue guidance of $5.16 billion to $5.25 billion, roughly in line with market views. GoDaddy rose about 4% after reporting first-quarter earnings of $1.60 per share on revenue of $1.27 billion, beating the consensus targets of $1.52 and $1.26 billion, and free cash flow for the quarter of $473.6 million also exceeded expectations.
Key takeaways
- Apple shares about 2% higher after-hours as earnings and revenue beat, though iPhone sales missed estimates. Implication: mixed message on hardware demand amid better overall profitability.
- Roku up ~6% on stronger revenue and adjusted EBITDA, with bullish guidance for the current quarter. Implication: streaming hardware and content platforms still showing resilient monetization.
- Roblox sharply lower after a material cut to full-year bookings. Implication: investor focus on growth sustainability and bookings velocity in consumer-facing platforms.
- Twilio surges ~18% on better-than-expected earnings and revenue, with guidance suggesting a higher top line ahead. Implication: cloud communications names benefiting from broader demand for software-as-a-service solutions.
- WD and other storage names fluctuating as results beat but forward looks mixed. Implication: macro-driven demand swings for data-center infrastructure are in focus.
What drove the move
The day’s trading action was driven by a blend of earnings beats and cautious outlooks across different sectors. Apple’s outperformance in the quarter was driven by stronger services and other product categories, offset by softness in iPhone volumes, a pattern that has persisted for several quarters. Roku benefited from a beat on quarterly revenue and an EBITDA figure that topped estimates, reinforcing expectations that streaming platforms can translate user engagement into improved profitability—even as competition for ad dollars remains intense.
Reddit’s DAU beat provided a domestic growth signal for social platforms anchored by engagement, while its EBITDA guidance for the current quarter topped Street expectations, suggesting monetization momentum remains intact despite regulatory and competitive headwinds. Roblox’s decision to cut full-year bookings underlined a more cautious stance on user growth and monetization pace, a theme that has weighed on several growth-oriented names this season.
On the components with outsized moves, Sandisk’s earnings beat stood out, yet the stock declined, underscoring the market’s tendency to price in rapid year-to-date gains and focus on valuation and future guidance. Twilio’s results added to the narrative that a broad set of software and cloud communications names can deliver above-consensus profitability, a trend investors have rewarded with robust post-earnings moves. GoDaddy’s quarter-to-date performance reflected constructive relief for a business tied to digital presence and commerce, with free cash flow proving a key differentiator for the stock.
Market reaction
Trading across the tech and healthcare-related names showed a bifurcated response, with several high-growth and consumer platforms rallying on better-than-expected earnings and forward guidance, while other names faced pressure on guidance cuts or a mismatch between upbeat earnings and conservative outlooks. The breadth of reactions signals a market that is parsing earnings quality, forward visibility, and the durability of demand in areas like cloud software, data storage, and internet services.
Analysts highlighted that the reaction depends on the robustness of confirmatory trends—whether revenue growth can translate into sustained earnings power, and whether the current-quarter guidance is sufficiently constructive to justify higher multiples. In this environment, investors appear attentive to whether cost discipline and margin expansion accompany top-line strength, particularly as macro conditions remain a factor for consumer and enterprise spending patterns.
What analysts are saying
Consensus expectations cited in the report show that several firms were looking for modest gains in earnings or revenue across the batch of companies reporting after the close. The mix of results—beat on some lines and miss on others—suggests investors are weighing a broader earnings season that remains uneven. For example, the numbers around Roku and Twilio point to healthy operating leverage in certain software and streaming-adjacent platforms, while Roblox’s bookings cut serves as a reminder that user engagement metrics and monetization velocity are still under scrutiny.
Where guidance was provided, investors tended to react positively when management projected above-consensus results for the next quarter or year. The data also underscores that analysts are split on the pace of recovery in hardware and data-center demand, even as cloud-based software vendors show resilience in their underlying business models.
Bigger picture
The day’s moves come amid a bigger earnings backdrop where market participants are balancing a robust mix of company-specific catalysts with macro headlines around rates, inflation, and policy direction. The divergence in outcomes—from solid earnings beats to notable guidance reductions—fits a pattern of earnings season where champions of cost discipline and margin expansion are rewarded, while those offering only topline growth without clear earnings power face tougher scrutiny.
Investors also remain focused on how the sector’s performance aligns with shifting expectations for monetary policy, global demand cycles, and supply-chain normalization. As macro indicators continue to evolve, the market will likely reward clarity on the sustainability of earnings growth and the durability of margins in a post-pandemic world marked by higher rates and shifting consumer behavior.
What to watch next: upcoming earnings reports from other major tech and biotech names, continued commentary on guidance versus consensus, and any fresh signals from central banks that could influence the trajectory of rates and inflation. Investors will also monitor how these companies adjust their trajectories in response to evolving demand, competition, and cost structures.
