Ford, Seagate Surge on Strong Earnings; Weak Guidance Hits Chipmakers in After-Hours Trading

A wave of quarterly earnings reports produced sharp, divergent moves in after-hours trading, with investors rewarding strong results from automaker Ford and data storage firm Seagate while punishing weak forward guidance from several semiconductor and software companies.

Earnings Winners See Significant Gains

Shares in several companies climbed after they reported quarterly results that surpassed Wall Street's expectations and offered strong outlooks.

• Ford Motor (F): The automaker's stock jumped 7% after it reported an adjusted Q2 EPS of $0.42, beating the consensus estimate of $0.35. Revenue of $48.3 billion also topped projections, and its adjusted EBIT rose to $2.5 billion.
• Bloom Energy (BE): The clean energy company's shares surged 13.5%. Bloom reported a Q2 EPS of $0.78 on $1.06 billion in revenue, far exceeding estimates of $0.40 and $815.6 million, respectively. The company also raised its full-year guidance, citing strong demand for data center power.
• Seagate Technology (STX): The data storage company's stock rallied 9% after posting a fiscal Q4 adjusted EPS of $5.71, well ahead of forecasts. Management issued a blowout Q1 2027 forecast, projecting EPS of $7.30 on $4.1 billion in revenue. Peer Western Digital (WDC) gained 5% in sympathy.

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Weak Outlooks Punish Tech and Software Stocks

In contrast, several technology firms saw their shares fall after their forward-looking statements failed to impress investors, even in cases where current-quarter results met or beat expectations.

• KLA Corporation (KLAC): The semiconductor equipment maker's stock fell 7%. While its Q4 results were slightly ahead of estimates, its Q1 guidance was merely in line with expectations, disappointing investors who had priced in a stronger outlook.
• Skyworks Solutions (SWKS) & NXP Semiconductors (NXPI): Skyworks shares dropped 5% after issuing a soft Q4 EPS forecast of $1.27, below the $1.29 consensus. Similarly, NXP fell 6.6% as its solid Q2 results were overshadowed by a weaker outlook for its automotive and industrial markets.
• CoStar Group (CSGP): The real estate data provider's stock tumbled 11%. The company issued Q3 revenue guidance of $935–$945 million, significantly below the $967.5 million analysts had expected, and also cut its full-year sales targets.
• Enphase Energy (ENPH): Shares of the solar technology company dipped 2%. A slight Q2 EPS miss was compounded by soft Q3 revenue guidance, with the midpoint of its $290–$320 million range falling below the $305 million consensus, reflecting headwinds in the residential solar market.