Stocks making the biggest moves after hours: Microsoft, Meta, Starbucks, Carvana and more
After-hours moves followed earnings and guidance from Meta, Microsoft, Starbucks, Carvana, Chipotle, Fortinet, Lam Research, Robinhood, Qualcomm, MGM Resorts and Align Technology. Meta fell about 10% after EPS missed and revenue forecast was below estimates. Microsoft rose about 3% on revenue and Azure growth. Starbucks gained on raised outlook; Carvana dropped on weaker guidance.
How this was made
The 30-second read
Why it matters
The article provides same-day, catalyst-linked after-hours moves for each named company, which can drive immediate positioning and estimate revisions.
Market read
Traders can use the quantified earnings and guidance gaps to anticipate estimate revisions and near-term volatility across mega-cap software, consumer, and semis/cyber names.
What to watch
Investors may be reacting to mix effects (crypto volumes for Robinhood, earnings quality for Qualcomm) and not just headline beats, so follow-through depends on segment-level commentary and subsequent analyst revisions.
Background
This is a multi-company after-hours market wrap summarizing earnings and guidance reactions, with quantified beats/misses and guidance ranges cited from LSEG/FactSet.
Ticker impact
Meta shares tumbled nearly 10% after earnings per share missed by $1.04 and revenue guidance for Q3 was below the Street range.
Likely continued volatility and downside bias in the next session until analysts digest the guidance gap.
The article cites a sizable EPS miss versus estimates and a Q3 revenue range at the lower end of consensus, which typically pressures revisions.
Microsoft shares rose about 3% after revenue topped estimates and Azure growth at constant currency hit 43%, beating 40.2% Street expectations.
Near-term support likely, with follow-through dependent on how investors interpret Azure growth durability.
The article provides multiple positive, quantified catalysts tied directly to the after-hours move.
Starbucks shares jumped about 5% after raising full-year outlook and reporting same-store sales growth of 7.9%, with EPS beating estimates.
Bias toward continued strength while the raised outlook is digested by the market.
The article explicitly links the after-hours rally to raised outlook and quantified beats.
Carvana shares fell roughly 14% after full-year earnings guidance of $2.7B to $3.0B missed Wall Street expectations.
Elevated downside risk and volatility until investors reassess demand, pricing, and cost assumptions behind guidance.
The article cites a clear guidance miss versus consensus expectations.
Chipotle shares rose about 3% after a quarterly earnings beat and a full-year same-store sales outlook shifting to low single-digit growth.
Moderate upside bias if the low single-digit outlook is viewed as credible and sustainable.
The article provides quantified beats and a guidance change, but no magnitude of the beat beyond direction.
Fortinet shares surged more than 11% after second-quarter billings beat estimates and its EPS and third-quarter forecast topped Wall Street expectations.
Potential for continued strength, though magnitude may fade if guidance details are less durable than expected.
The article cites multiple beat points, including billings and forecast, consistent with a large after-hours move.
Lam Research shares jumped more than 6% on better-than-expected fiscal fourth-quarter results, with EPS of $1.82 and revenue of $6.72B.
Supportive near-term tone, with follow-through depending on how investors extrapolate the quarter into forward demand.
The article provides beat figures but does not include detailed forward guidance beyond the implied beat.
Robinhood shares fell about 4% despite revenue beating expectations, as cryptocurrency trading volumes dropped sharply amid a bitcoin downturn.
Choppy trading risk, with focus on whether crypto volumes stabilize and how that affects future revenue mix.
The article ties the decline to crypto volume weakness, but provides limited quantitative detail on the magnitude of the drop.
Market effects
Semiconductor equipment and cybersecurity names show earnings-driven upside, while consumer discretionary and fintech-linked crypto activity show downside sensitivity to guidance and volume trends.
Primarily US large-cap and growth/consumer exposure; could influence broader risk sentiment into the next cash session.
Azure and semiconductor equipment beats can reinforce global AI and capex sentiment, while crypto volume weakness highlights cross-asset risk appetite.
Counterpoint
Some moves may be exaggerated by after-hours positioning; guidance ranges at the low end (e.g., Align) or EPS misses (e.g., Meta) can be partially offset by other segments not detailed here.
Key entities
- companyMeta Platforms
After-hours drop tied to EPS miss and conservative Q3 revenue guidance.
- companyMicrosoft
After-hours rise tied to revenue beat and strong Azure growth plus FY2026 Azure revenue milestone.
- companyStarbucks
After-hours jump tied to raised full-year outlook and stronger same-store sales.
- companyCarvana
After-hours tumble tied to full-year earnings guidance missing consensus.
- companyChipotle Mexican Grill
After-hours rise tied to earnings beat and improved same-store sales outlook.
