Stocks making the biggest moves after hours: Gap, Workday, Autodesk and more
Gap shares rose 14% after announcing a new Old Navy CEO and reporting adjusted Q2 earnings of 52 cents per share, beating estimates. Marvell Technology fell 6% despite meeting earnings expectations. Workday gained 1% after surpassing Q2 estimates. Rubrik dropped 7% despite beating earnings and revenue forecasts. Autodesk slid 5% after lowering Q3 and full-year earnings guidance. Elastic N.V. surged 20% after raising full-year guidance. SentinelOne fell 4% due to a weak outlook despite strong Q2
How this was made
The 30-second read
Why it matters
Earnings beats and guidance misses drive immediate after‑hours price reactions, influencing short‑term trading strategies.
Market read
The after‑hours earnings announcements cause sharp, divergent moves across tech stocks, offering trade opportunities.
What to watch
Supply‑chain constraints and macro‑economic backdrop could temper upside.
Background
Post‑market earnings releases for several U.S. tech companies with notable price moves.
Ticker impact
Marvell fell 6% after forecasting Q3 EPS of $1.10, slightly above consensus but below its own prior guidance.
Likely continued downside pressure.
Guidance below market expectations triggers sell-off.
Workday rose ~1% after beating Q2 estimates on both top and bottom lines.
Small further gain possible.
Beat is modest; move limited.
Rubrik dropped 7% despite beating earnings, due to lower non‑GAAP gross margin than consensus.
Further decline likely.
Margin miss is a key negative catalyst.
Autodesk slid 5% after Q3 earnings guidance missed Wall Street expectations.
Continued downside pressure.
Guidance below consensus is a bearish signal.
Elastic surged 20% after full‑year guidance topped estimates on earnings and revenue beat.
Potential further rally.
Guidance beat drives large after‑hours move.
SentinelOne fell ~4% after issuing a weak outlook that eclipsed its strong Q2 results.
Likely continued decline.
Future guidance dominates market reaction.
Market effects
Technology and software earnings drive sector sentiment; mixed results may shift short‑term allocations.
U.S. after‑hours market activity influences global tech indices.
Highlights earnings volatility across cloud, cybersecurity, and data analytics firms.
Counterpoint
Some stocks may be oversold despite earnings beats; consider buying on pullbacks.
Key entities
- companyGap Inc.
Clothing retailer reporting earnings and leadership change.
- companyMarvell Technology
Semiconductor firm providing Q3 guidance.
- companyWorkday
Enterprise software provider beating Q2 estimates.
- companyRubrik
Cybersecurity firm with earnings beat but margin miss.
- companyAutodesk
Design software maker missing guidance.
