Premarket Movers | Intel Plunges 24%; Amazon Sinks 7%; AXT Slips 6%; Strategy, Coinbase Fall 5%; SanDisk Drops 4% and More

Tiger Newspress
1 hour ago

Intel shares tanked 24% in premarket trading after the chip maker reported mixed third-quarter earnings, along with a weak outlook for the current quarter following a fatal explosion at one of its facilities.

Amazon reported a massive cash burn in the third quarter, while it signaled higher capital expenditures next year atop an already ​huge amount in 2026, sending shares fell 7% in premarket trading.

SanDisk again posted quarterly revenue and per-share profit well ahead of expectations, but its shares down 4% in premarket trading, suggesting investors wanted more.

AXT reported better-than-expected third-quarter 2026 results, yet its shares fell 6% in premarket trading, suggesting investors are looking beyond the earnings beat and focusing instead on valuation, execution, and the pace of future growth.

Strategy, the world’s largest corporate holder of Bitcoin, reported a nearly sevenfold increase in quarterly profit Thursday, thanks to a rebound in Bitcoin prices. But the blockbuster earnings masked a troubling trend: Its Bitcoin holdings are growing, while the amount attributable to each shareholder is shrinking, shares down 5% in premarket trading.

Coinbase returned to profitability for the first time in a year while posting a quarterly decline in revenue, showing how closely the largest US digital-asset platform’s fortunes remain wedded to crypto markets, shares down 5%.

Mondelez met Wall Street’s revenue expectations in Q3 2026, with revenue rising 2.3% year on year to $9.97 billion. Its non-GAAP profit of $0.78 per share was 10.2% above analysts’ consensus estimates, shares rose 6%.

Rivian Automotive beat Wall Street’s third-quarter earnings expectations as it ramped up production of its new R2 entry-level SUV that the company has promised investors will lead it to profitability, shares jumped 8%.

Twilio shares plunged 17% in premarket trading after the company reported third-quarter earnings and revenue that topped consensus estimates, but issued disappointing guidance that pointed to slowing organic growth.

Reddit reported third-quarter results, with revenue and earnings both beating expectations. However, the company issued a weaker-than-expected sales outlook for the fourth quarter. Its shares fell 20% in premarket trading.

Roblox Corporation reported a year-over-year decline in player engagement after deploying more robust child-safety measures. The video-game company’s 138 million daily active users in the third quarter fell 9% from the same period last year, despite the promising arrival of a new viral hit game. Bookings, a measure of sales, declined 12% from the period a year earlier to $1.7 billion, shares plunged 19% in premarket trading.

Illumina reported third-quarter 2026 revenue of $1.13 billion, up 4.2% year over year but below Wall Street expectations, shares fell 9% in premarket trading.

Pinterest missed expectations and issued weaker-than-expected revenue guidance for the current quarter, sending its shares down 8% in premarket trading.

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