Key insights
- Several software and technology companies reported earnings, with mixed results influencing after-hours trading. Snowflake surged on strong earnings and an AWS partnership, boosting related stocks like Datadog and MongoDB. Salesforce, despite beating expectations, saw a dip due to slightly weaker guidance. Marvell and HP Inc. also beat estimates and provided positive outlooks. Synopsys and Braze experienced declines despite meeting or exceeding some expectations, highlighting sensitivity to forward guidance and specific metrics within the tech sector.
After-Hours Stock Movers
Salesforce (CRM)
Salesforce fell 1.4% after hours despite reporting a Q1 EPS of $3.88 and revenue of $11.1 billion, both beating analysts’ expectations. However, its Q2 and full-year fiscal 2027 revenue guidance midpoints came in slightly below consensus estimates.
Marvell Technology (MRVL)
Marvell Technology rose 8% after posting a Q1 EPS of $0.80 and revenue of $2.42 billion, outperforming consensus estimates. The company also provided strong Q2 2027 guidance, forecasting an EPS of $0.88 to $0.98 and revenue of $2.7 billion.
Snowflake (SNOW)
Snowflake surged 29% after delivering a Q1 EPS of $0.39 on revenue of $1.39 billion, beating analysts’ estimates. The AI Data Cloud company also announced an expanded multi-year strategic collaboration agreement with AWS, featuring a record $6 billion infrastructure commitment.
HP Inc. (HPQ)
HP Inc. climbed 1% following Q2 results that topped expectations with an EPS of $0.86 and revenue of $14.4 billion. For the full year 2026, the company forecasts an EPS of $2.90 to $3.10, which is higher than the analysts’ consensus of $2.89.
Datadog, Inc. (DDOG) & MongoDB (MDB)
Datadog and MongoDB both advanced in after-hours trading. The two cloud software companies climbed in sympathy with Snowflake following its strong earnings report and major AWS partnership announcement.
Everpure (P)
Everpure slid 6% despite posting Q2 results that beat expectations with an EPS of $0.47 and revenue of $1.05 billion. The company also issued upbeat guidance, projecting full-year 2026 revenue of $4.41 billion to $4.51 billion against the consensus of $4.394 billion.
Synopsys (SNPS)
Synopsys dipped 2% after announcing a Q2 EPS of $3.35 and revenue of $2.28 billion, both coming in ahead of Wall Street estimates. For the full year 2026, the company expects revenue between $9.63 billion and $9.71 billion alongside an EPS of $14.72 to $14.80.
Braze, Inc. (BRZE)
Braze, Inc. slumped 16% after reporting a Q1 EPS of $0.10, which matched analysts’ estimates, and revenue of $211 million. The steep drop came despite the company issuing Q2 and full-year 2027 revenue guidance ranges that mostly cleared Wall Street expectations.
nCino, Inc. (NCNO)
nCino, Inc. rallied 14% after reporting a Q1 EPS of $0.12, up significantly from the $0.05 reported in the prior year, alongside a revenue beat at $159.4 million. The company expects full-year 2027 revenue to land between $642 million and $646 million, matching or exceeding consensus estimates.
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