Premarket Movers | SoundHound AI Surges 24%; SanDisk Falls 9%; Duolingo Drops 11%; Western Digital Sinks 14%; AppLovin Plunges 15%

Tiger Newspress
3 hours ago

SoundHound AI shares jumped 23.8% as the voice artificial intelligence company reported second-quarter results and guidance that topped Wall Street's forecast.

Aeva Technologies reported a smaller-than-expected loss in Q2 2026 and slightly higher revenue, then sent shares higher 17.3% as investors digested a new push into optical connectivity for AI data centers. The company posted an adjusted loss of $0.41 a share, better than the $0.43 loss analysts expected, while revenue rose to $6.1 million versus the $6.03 million forecast.

Redwire stock gained 7.9% after the space and defense technology company posted record second-quarter (Q2) revenue, improved margins and reaffirmed its 2026 outlook.

Clover Health beat Wall Street’s expectations in the second quarter of 2026, reporting adjusted earnings of 5 cents a share on revenue of $743.2 million. Analysts had expected 4 cents a share on revenue of $728.27 million. The company also raised its full-year outlook, and the stock rose 6.5%.

Chime Financial raised its full-year revenue growth forecast above Wall Street estimates on ​strong demand for its digital banking products, and announced the departure of ‌longtime Chief Financial Officer Matt Newcomb. Shares of the company were last up 5.8%.

MercadoLibre shares slid 4.5% as analysts worried about the e-commerce giant’s spending plans despite it reporting sales and profits that beat consensus estimates in the second quarter.

Fastly shares fell 7.1% despite the company’s strong results and raised fiscal guidance.

Klaviyo reported second quarter results that beat revenue expectations but disappointed investors with cautious near-term guidance, sending shares down 7.7%.

SanDisk shares declined 8.9% after the memory-chip maker’s guidance for the September quarter missed Wall Street’s high expectations.

Zillow shares tumbled 9.5% despite second-quarter earnings exceeding expectations as the real estate services provider announced job cuts and a softer-than-expected revenue outlook.

Dutch Bros reported second quarter results that exceeded analyst expectations, yet shares tumbled 10.2% as investors appeared to sell the news and focus on costs related to the acquisition of 65 Salad and Go locations. 

Duolingo shares sank 10.5% after the company’s conservative revenue outlook for the current quarter overshadowed user growth.

Sunrun highlighted positive cash generation and record storage adoption while simultaneously reducing its full-year outlook. The mixed message triggered a sharp selloff, with shares falling 11.3%.

Western Digital forecast quarterly revenue slightly above Wall Street estimates, betting on strong ​AI-driven demand for its hard disk drives. Still, its ‌shares dropped 13.5%, after the forecast failed to impress investors even though the ​stock has tripled this year on expectations of ​sustained AI-driven growth.

AppLovin shares plunged 15% after delivering second-quarter results that proved sky-high profit growth isn’t always enough for Wall Street. Despite surging year-over-year earnings, the marketing software titan missed sales targets and issued a lukewarm forecast for the quarter ahead.

Figma reported a sharp rise in costs and a decline in profit margins as the ​design software company ramps up AI investments, triggering a 16% slump in ‌its shares, despite a rosy annual revenue forecast.

Fluence Energy reported third-quarter results that fell short of analyst expectations, with revenue and earnings missing estimates as production delays weighed on performance. The company also slashed its full-year guidance, sending shares down 19.8%.

HubSpot reported second quarter results that exceeded analyst expectations, but shares tumbled 22.9% as the company’s full-year revenue guidance fell short of Wall Street estimates.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10