Affirm Holdings, Inc. shares advanced 11% in overnight trading after upwardly revising its guidance for fiscal-year 2026 gross merchandise volume after delivering a double-beat on Q1 earnings and revenue.
The buy now, pay later financing platform now sees FY2026 GMV of more than $47.5B, compared with the $47.6B Visible Alpha estimate and the prior outlook of over $46B. Adjusted operating margin is now anticipated to be 27.1%, vs. 26.1% in the previous goal. And FY26 revenue is still expected to be ~8.4% of GMV.
SanDisk Corp. shares soared 7% in overnight trading after the memory maker said first-quarter results and guidance were well above Wall Street's forecast.
For the period ending Oct. 3, Sandisk said it earned an adjusted $1.22 per share as revenue rose 22.6% year-over-year to $2.31B. Included in that was a 26% sequential jump in data center revenue, as Sandisk now has two hyperscalers in qualification, and a third and top storage maker planned for 2026. It has also engaged with five major hyperscalers.
Vacation rental firm Airbnb, Inc. stock rose 5% in overnight trading after its forecast upbeat quarterly revenue after posting higher third-quarter results on Thursday, aided by strong bookings in markets such as Latin America and Asia Pacific.
The San Francisco-based company has customized its platform for regional audiences, adding payment options and launching local marketing campaigns.
IREN Ltd stock climbed 4% in overnight trading after the data center operator and bitcoin miner recorded stronger-than-expected Q1 FY26 revenue, with BTC mining and artificial intelligence both contributing.
Revenue of $240.3M for the three months ended Sept. 30, 2025, surpassing the $228.5M consensus, rose from $187.3M in the quarter ended June 30, 2025.
Opendoor Technologies Inc stock slid 15% in overnight trading after the real estate platform announced a "re-founding" of the company, while it delivered Q3 earnings that missed the average analyst estimate.
CEO Kaz Nejatian, who joined the company in September, said he's transforming the firm into a software and AI company. "We've made a decisive break from the past -- returning to the office, eliminating reliance on consultants, and launching over a dozen AI-powered products and features that demonstrate our renewed velocity," he said. "Our business will succeed by building technology that makes selling, buying, and owning a home easier and more joyful -- not from charging high spreads and hoping the macro saves us."
Block, Inc. missed Wall Street estimates for third-quarter profit on Thursday amid persistent economic uncertainty and intensifying competition in the payments sector, sparking a more than 11% slide in overnight trading.
Consumer spending slowed in the third quarter as businesses and households curbed discretionary purchases, weighing on payment firms such as Block.
U.S. rare earths company MP Materials Corp. fell 8% in overnight trading after the company said on Thursday its third-quarter loss widened as it stopped sales to Chinese customers as part of an agreement with the U.S. government, although the results surpassed Wall Street expectations.
Shares of Take-Two sank 6% in overnight trading after Rockstar Games announced a further delay in the release of Grand Theft Auto VI to November 2026.
「We are sorry for adding additional time to what we realize has been a long wait, but these extra months will allow us to finish the game with the level of polish you have come to expect and deserve,」 the company said in a post.
The game, which is one of the most anticipated video games currently in production, is set to launch Nov. 19, 2026.