Key insights
- Mixed after-hours reactions to earnings reports from major companies. Meta's increased capex guidance is weighing on the stock despite solid results. Alphabet and Qualcomm are rising on strong results, while Amazon and Microsoft are down despite positive numbers, suggesting high expectations were not met. Ford, Chipotle, and Carvana are also seeing positive movement after their reports. Overall, the market reaction is nuanced and company-specific.
After-hours movers:
Meta Platforms (META) fell 6% despite solid quarterly results after it boosted its full year capex plan to $125 billion to $145 billion (from $115 billion to $135 billion.)
Alphabet (GOOGL) rose 4% after it delivered strong quarterly results, beating estimates on the top an bottom line.
Amazon (AMZN) fell 1.5% despite strong quarterly results and guidance. Revenue for the quarter came in at $181.5 billion versus the consensus estimate of $177.13 billion. Amazon sees Q2 2026 revenue of $194-199 billion, versus the consensus of $189.15 billion.
Microsoft (MSFT) fell 1.5% after results were viewed as lackluster, with Azure unit revenue growth in-line with estimates.
Qualcomm (QCOM) rose 11%, after initially falling 5%, despite disappointing guidance.
Ford Motor (F) rose 1.5%, paring an initial gain of 7%, after quarterly results beat estimates. Ford Motor reported Q1 EPS of $0.66, $0.47 better than the analysts’ estimate of $0.19. Revenue for the quarter came in at $43.3 billion versus the consensus estimate of $42.96 billion.
Chipotle Mexican Grill (CMG) rose 1.4% after in-line quarterly results.
Carvana (CVNA) rose 8% after it reported Q1 EPS of $1.69, $0.13 better than the analysts’ estimate of $1.56. Revenue for the quarter came in at $6.43 billion versus the consensus estimate of $6.02 billion.