Core AI Stock Jumps 56% as Q2 Revenue Rises to $22.4 Million
Core AI Holdings shares jumped about 56% on Friday after quarterly revenue reached $22.35 million. Trading volume exceeded 205 million shares, roughly 388 times its recent average.
Exascale Labs Begins Nasdaq Trading with 12% Surge as $300 Million Pipeline Outpaces $12 Million in Cash
NEW YORK, August 28, 2026, 13:37 EDT – Exascale Labs opened on the Nasdaq with its shares rising 12%, as the company debuted with $12 million in cash on hand and a project pipeline valued at $300 million.
XLAB investor dashboard
Debut-day demand meets a thin cash base
Exascale Labs drew heavy trading on its first Nasdaq session. The valuation case now rests on converting a large reported pipeline while funding an asset-heavy GPU capacity strategy.
Market figures as of August 28, 2026, 13:30 EDT / 19:30 CEST
Share price
$5.29
+12.08% versus prior close
Trading activity
5.54m
11.4× the 65-day average
Qualified pipeline
$300m
Company-reported; not booked revenue
Trust cash
≈$12m
After redemptions, before expenses
Price discovery was violent
Revenue versus reported opportunity
Quarterly revenue scaled from a small base
| Quarter | Revenue |
|---|---|
| Q4 2023 | $0.068m |
| Q1 2024 | $0.479m |
| Q2 2024 | $0.770m |
| Q3 2024 | $1.171m |
| Q4 2024 | $1.442m |
| Q1 2025 | $2.160m |
| Q2 2025 | $2.242m |
| Q3 2025 | $3.262m |
| Q4 2025 | $3.545m |
The company reported 64% average quarterly growth across this sequence. FY2025 revenue totaled $7.0 million.
Catalyst timeline
July 16
A three-year agreement committed about $71.4 million to dedicated GPU capacity. It is a procurement obligation, not customer revenue.
July 29
Shareholders approved the combination. Roughly $12 million remained in trust after redemptions, before transaction expenses.
August 27
The business combination closed. Management cited a qualified pipeline exceeding $300 million.
August 28
XLAB shares and XLABW warrants began Nasdaq trading.
Pipeline conversionQualified opportunities may not become contracts, revenue or cash.
Funding burdenThe $71.4 million capacity commitment exceeds disclosed post-redemption trust cash.
Price volatilityVolume was elevated and the price retraced sharply from its $10.80 high.
DilutionPublic warrants and future capital needs can expand the share count.
Sources: MarketWatch market data; closing announcement; SEC filing on trust cash; SEC investor presentation; GPU capacity agreement. Financial figures reflect company disclosures and are not forecasts.
Core AI Holdings — earnings reaction
NASDAQ: CHAI · Mobile games and advertising analytics
+≈56% intraday
Share price
$0.39
Aug. 28, 2026, 13:15 EDT
Volume
205.7m
≈388× 530,760 average
Market value
$10.3m
≈+$3.7m versus prior close
Q2 revenue
$22.35m
+55.8% year over year
Quarterly economics
| Metric | Q2 2026 | Q2 2025 | YoY |
|---|---|---|---|
| Revenue | $22.35m | $14.34m | +55.8% |
| Gross profit/(loss) | ($0.01m) | ($0.40m) | 97.2% narrower |
| Net loss | ($1.62m) | ($0.76m) | +114% |
| H1 revenue | $26.12m | $28.85m | -9.5% |
| H1 operating cash flow | $5.45m | ($2.42m) | Turned positive |
Revenue and gross margin signal
Q2 nearly erased the quarterly gross loss, but first-half gross margin remained about -11.8%.
Cash
$12.04m
June 30; $1.93m at Dec. 31
Working capital
$1.91m
Current assets less liabilities
Top-two customers
78.4%
Share of H1 revenue
Accumulated deficit
$37.22m
June 30, 2026
What matters next
Margin proofAnother near-breakeven gross-margin quarter would show Q2 was repeatable.
FinancingA $3.54m ATM capacity and outstanding warrants create dilution sensitivity.
ListingThe stock remains below Nasdaq's $1 minimum-bid threshold despite Friday's rally.
Market data: Robinhood snapshot at 13:15 EDT, Aug. 28, 2026. Financial data: Core AI Holdings Form 6-K filed Aug. 27, 2026. No reliable broad analyst-consensus set was available. Figures rounded; market-value change is estimated.
Pasqal Shares Surge 54.7% at Nasdaq Debut After $2 Billion Quantum Merger
Pasqal Holding SA surged 54.7% during its Nasdaq debut. The stock was at $15.14 as of 10:57 EDT, with trading volume at 2.15 million shares.
NASDAQ: PSQL · first-session dashboard
Pasqal’s debut premium meets a small revenue base
PSQL: Aug. 28, 2026, 12:59 EDT
Peers: 12:46–12:47 EDT
Peers: 12:46–12:47 EDT
PSQL price
$14.50
+48.12% vs $9.79 prior close
Day range
$13.08–$19.00
45.3% low-to-high spread
First-day volume
2.85M
shares by 12:59 EDT
Cash at closing
≈$360M
for deployment, manufacturing and R&D
First-session price discovery
The late-morning price sat 23.7% below the high but 10.9% above the low.
Transaction-value bridge
Original reference price
$10.00 per share
Current debut price
$14.50 per share
Using the original 264.4M-share model, $14.50 implies an illustrative $3.83B equity value—not a verified current market cap.
Commercial scale and valuation signals
| Measure | Reading | Investor interpretation |
|---|---|---|
| 2025 commercial revenue | €16.5M | 4.7× 2024 level |
| 2025 total revenue incl. grants | €23.7M | Grants remain material |
| Booked / awarded business | >€66M | >4.0× commercial revenue |
| Illustrative equity value | $3.83B | ≈200× 2025 commercial revenue* |
| Cash per modeled share | ≈$1.36 | Based on $360M / 264.4M |
*Illustrative, using $1 = €0.8614 and the original no-redemption share model.
Quantum peer tape
| Company | Price | Day | Market value |
|---|---|---|---|
| Pasqal | $14.50 | +48.12% | Debut; share count unsettled |
| IonQ | $39.17 | −7.75% | $14.42B |
| Rigetti | $15.63 | −4.93% | $5.20B |
| D-Wave | $16.81 | −6.12% | $6.23B |
| Quantum Computing | $8.16 | −5.72% | $1.83B |
Operating footprint
- 10 processors: seven installed and three in production.
- Up to 13 systems: stated annual plant capacity in France and Canada.
- 40+ clients and partners: including commercial and research users.
- 85+ patents: issued or pending; 70+ PhDs on staff.
- Roadmap: more than 200 logical qubits targeted by late 2029.
What investors should monitor
- Final capitalization: redemptions, warrants, convertibles and lockups.
- Cash conversion: closing cash was about $289M below the no-redemption model.
- Revenue delivery: conversion of the >€66M booked/awarded pipeline.
- Hardware milestones: deployment pace, error rates and logical-qubit progress.
- Coverage: no reliable broker consensus was available on debut day.
Asia Stock Market Today 29/08/2026 [UPDATE: 00:55 SGT] [PayPal and Nvidia Sink as KASE Global Nears Weekend Close]
PayPal and Nvidia Sink as KASE Global Nears Weekend Close29/08/2026 · 00:55 SGT ASIA FINAL MINUTES · SATURDAY, 29 AUGUST 2026 SGT PayPal and Nvidia sink as KASE Global nears weekend close KASE Global…
ASIA FINAL MINUTES · SATURDAY, 29 AUGUST 2026 SGT
PayPal and Nvidia sink as KASE Global nears weekend close
KASE Global is repricing US-listed shares into its Friday close: PayPal, Qualcomm and Nvidia lead losses while Microsoft and Amazon advance. Earlier Asian benchmarks remain sharply divided.
LIVE · ORDERS & EXECUTIONS
KASE Global continuous counter-auction
AI exposure paid in Taiwan, Japan and India, but the same theme magnified Korea's profit-taking.
India rose with 10 of 16 sectors lower; mainland China and Korea closed negative despite gains elsewhere.
KASE's 21:49 board shows PayPal down 12.14%, Qualcomm 8.05% and Nvidia 4.05%, while Microsoft rises 3.31%.
ACTIVE SESSION
Official board updated 28 Aug · 21:49 ALMT; accessed 21:52KASE Global keeps Asian cash equities open
PYPL_KZ−12.14%
QCOM_KZ−8.05%
NVDA_KZ−4.05%
MSFT_KZ+3.31%
AMZN_KZ+2.88%
GLD_KZ+3.00%
Official KASE Global board updated at 21:49 ALMT and accessed at 21:52. Prices and one-day changes are venue-published snapshots, not a guarantee of continuous two-way liquidity. Session closes at 22:00 ALMT / 01:00 SGT. Official KASE Global board ↗
REGIONAL CLOSE
Official closes or latest verified delayed closes; local market dates are 28 AugThe divergence in one screen
LEADERS
AI demand, three different outcomes
- Taiwan: TSMC rose 0.6%, MediaTek 1.9% and Delta Electronics 2.2% as AI demand lifted TAIEX.
- Japan: Advantest gained 1.9% and Taiyo Yuden 3.9%; TOPIX outpaced Nikkei.
- India: IT jumped 3.5%, cushioning weaker breadth and lifting the benchmarks.
LAGGARDS
Korea's chip unwind dominated
KOSPI−1.79%6,788.88 close · 15:30 KST
India breadth10 of 16sectors closed lower
India's IT surge hid weak sector breadth, while Korea's chip-heavy benchmark ended a three-session rally with the region's sharpest fall.
The near-term test is whether strong chip exports can overcome valuation and positioning pressure.
CROSS-ASSET
Currencies confirm selective risk
Warsh's inflation warning shifted the immediate risk from earnings dispersion to policy repricing. Reuters US policy coverage ↗
NEXT WATCH
Catalyst clock
- Kazakhstan market holidayKASE's calendar lists no trading; late-Asia liquidity shifts elsewhere.
- MSCI index rebalancingPotential rupee and equity-flow volatility.
- South Korea August trade dataConsensus exports +62.6% y/y; chips are the core test.
INVESTOR CHECKLIST
What can break the setup
- Fed repricing: Warsh's explicit rate-hike warning can pressure Asian technology multiples and regional currencies.
- Korean concentration: another foreign-led fall in Samsung and SK hynix can outweigh solid export fundamentals.
- China breadth: Shanghai, CSI 300 and Shenzhen weakness leaves no mainland confirmation of the regional risk bid.
- Late-session liquidity: KASE Global prints prove trading availability, not deep two-way liquidity in every instrument.
Synopsys Shares Drop 3.4%, Wiping Out $3.1 Billion Following Earnings Surge
Synopsys, Inc. dropped 3.4% on Friday, wiping out approximately $3.1 billion in market capitalization following a surge on Thursday after earnings. Despite the pullback, the shares stayed about 9.5% higher than before the results were announced.
Synopsys / SNPS
A $3.1B pullback leaves most of the earnings rerating intact.
Market data: Aug. 28, 2026
11:33:12 EDT
11:33:12 EDT
Share price
$448.92
−3.44% today
Market cap
$86.36B
current implied value
Value erased
≈$3.07B
during Friday’s pullback
Post-report gain left
≈9.5%
versus Aug. 26 close
Rally, retracement, remainder
Friday retraced about 29% of Thursday’s estimated $10.6B market-value gain.
Quarter and raised outlook
| Measure | Latest | Signal |
|---|---|---|
| Q3 revenue | $2.477B | +42% YoY |
| GAAP net income | $545.8M | +125% YoY |
| Non-GAAP EPS | $3.91 | Above guide |
| FY revenue midpoint | $9.715B | Raised |
Ansys now matters at group scale
$2.98B
Ansys FY revenue
Ansys FY revenue
→
30.7%
of group midpoint
of group midpoint
→
$9.715B
group revenue
group revenue
Ansys contribution30.7%
Cash conversion and valuation
| Operating cash-flow target | ≈$2.8B |
| Free cash-flow target | ≈$2.6B |
| FCF / revenue midpoint | 26.8% |
| Average analyst target | $544.97 |
| Target upside | ≈21% |
What can break the thesis
Ansys integration costs, slower EDA demand and weaker cash conversion could compress the earnings multiple. The gap between 41.5% non-GAAP and 10.4% GAAP operating-margin guidance remains large.
Next checkpoints
Q4: $2.530B–$2.580B revenue and $4.10–$4.16 non-GAAP EPS. Full year: $15.04–$15.10 non-GAAP EPS and approximately $2.6B free cash flow.
Sources: Synopsys fiscal Q3 release and financial supplement; market data at 11:33:12 EDT; analyst consensus accessed Aug. 28. Market-value changes are estimates derived from reported price moves and current capitalization. Not investment advice.
FingerMotion Jumps 261.7% After Announcing Modular AI Data-Center Strategy
FingerMotion, Inc. shares surged over threefold on Friday, following the announcement of a modular artificial-intelligence data-center plan with BlueFlare Energy Solutions. The move boosted implied equity value by approximately $27.8 million.
FingerMotion / FNGR
The market priced an AI-infrastructure plan before contracts.
Market data: Aug. 28, 2026
11:26:07 EDT
11:26:07 EDT
Share price
$0.6272
+261.7%
Volume
855.35M
shares traded
Market cap
$38.44M
current implied value
Value added
≈$27.80M
versus prior implied cap
From concept to scale
1–2 MW
initial module
initial module
→
10 MW
next stage
next stage
→
20 MW
larger site
larger site
Transaction and demand signals
| Measure | Figure | Status |
|---|---|---|
| Lyken.AI ownership | 9.9% | Acquired |
| FNGR shares issued | 1,674,480 | Restricted |
| Cash paid | $0 | Equity-funded |
| B300 nodes | 128 | Nonbinding MOU |
Execution checklist
Strategy announced with BlueFlare
Secure site control
Sign firm generation and fuel arrangements
Convert customer interest into binding offtake
Close asset-level project financing
Risk lens
The rally values execution that has not occurred. No site, power, customer or project-financing agreement is definitive. The Lyken customer memorandum is nonbinding. Equity consideration dilutes holders, while micro-cap liquidity can reverse quickly.
Illustrative milestone completion: strategy disclosed; four core contractual steps remain.
Sources: FingerMotion announcement and June 8-K; Aug. 28 filing summary; market data at 11:26:07 EDT. Implied prior market cap and value added are calculations from current market cap and the 261.7% price move. Not investment advice.
SharonAI Shares Drop 4.2% After Nvidia Halts Financing, Leaving $4.88 Billion Deal in Limbo
NEW YORK, August 28, 2026, 11:13 – SharonAI shares slid 4.2% as uncertainty grew over its $4.88 billion deal with Nvidia, following Nvidia's decision to suspend financing arrangements.
NASDAQ: SHAZ · Stock move
SharonAI financing-risk dashboard
A contract-heavy AI infrastructure story meets a tougher funding signal.
Market data: Aug. 28, 2026
10:53:32 EDT
10:53:32 EDT
Share price
$56.73
−4.19% · −$2.48
Open $56.24 · Range $54.07–$57.75
Market value
$1.064B
≈$47M erased
Implied from current cap and session move
Volume
729,246
Shares traded by 10:53:32 EDT
Nvidia agreement
$4.88B
Maximum six-year contract value
Scale mismatch
Contracts lead recognized revenue by years
Total contract value is an operating measure across multi-year terms. It is not GAAP revenue.
Catalyst
Nvidia financing pause
Reuters reported Nvidia paused some credit-support deals that exchanged financing help for cloud-revenue participation.
Program <2 months old
Antitrust concern
May be revamped
Nvidia said the broader compute-access model remains in place and continues to evolve.
Q2 2026 snapshot
| Metric | Value | Signal |
|---|---|---|
| Revenue | $1.93M | +412% YoY |
| Adjusted EBITDA | $0.59M | Positive |
| Net loss | −$430.4M | Mostly non-cash |
| Cash | $1.861B | Build-out buffer |
| Current note liabilities | $1.007B | Financing weight |
Contract conversion watch
| Checkpoint | Why it matters |
|---|---|
| Financing terms | Determines deployment cost and equity dilution |
| GPU acceptance | Triggers capacity availability and revenue |
| Customer utilization | Turns reserved capacity into billed sales |
| Contract amendments | Tests whether Nvidia's pause reaches SharonAI |
| Cash burn | Measures runway during infrastructure ramp |
Sensitivity map
What changes the equity case?
Investor read
The stock move values implementation risk, not simply demand. SharonAI's SEC filing already says deployments need additional debt or equity financing and face phased acceptance tests.
Key question: can $8.8 billion of contracted value convert into revenue without costly new capital?
Veeva Shares Maintain 14.8% Earnings Surge; Revenue Hits $928 Million
Veeva Systems held onto most of its post-earnings gains on Friday, as higher subscription growth and expanding operating margins contributed to a valuation boost of about $6.0 billion.
VEEVA SYSTEMS · NYSE: VEEV
Growth beat, margin expansion, tighter valuation
Market data: Aug. 28, 2026, 10:18 EDT
Results: fiscal Q2 ended July 31, 2026
Results: fiscal Q2 ended July 31, 2026
Share price
$281.08
−0.37% Friday
Post-results gain
+14.8%
From $244.91
Value added
≈$6.0B
Market cap: $46.43B
Analyst target
$292.22
≈4% upside
Quarterly growth and operating leverage
| Metric | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Total revenue | $928.0M | $789.1M | +18% |
| Subscription revenue | $766.8M | $659.2M | +16% |
| GAAP operating income | $275.0M | $195.9M | +40% |
| GAAP net income | $273.4M | $200.3M | +37% |
| Adjusted EPS | $2.35 | $1.99 | +18% |
Margin signal
GAAP operating margin
29.6%
+480 basis points YoY
Subscription revenue mix
82.6%
Recurring subscription growth and restrained cost expansion drove the earnings leverage.
Platform adoption
180+ Vault CRM customers live12 top-20 biopharma commitments5 Veeva Falcon early adopters100+ Veeva Safety customers1,500+ total customers
Vault CRM conversions and Falcon deployments are the clearest operating tests behind the AI narrative.
Guidance bridge
Q3 adjusted operating-income midpoint: $418.5M. Full-year adjusted operating income: about $1.64B.
Investor checkpoints
ValuationAbout 46× trailing earnings; the consensus target offers only modest upside after the rally.Liquidity$7.24B of cash and short-term investments supports product investment and acquisitions.ExecutionWatch Vault CRM migrations, top-20 biopharma wins and initial Falcon go-lives.RiskLarge enterprise timing, competitive pricing and slower agentic-AI adoption could pressure growth.
SentinelOne Shares Decline 5.9% After Company Cuts EPS Forecast, Despite 22% Increase in ARR
Shares of SentinelOne declined 5.94% in premarket trading on Friday following a mixed earnings forecast. Robust growth in recurring revenue did not counterbalance the company cutting its full-year profit outlook.
SentinelOne investor dashboard
Recurring growth versus weaker per-share profit expectations
Premarket: August 28, 2026, 09:30 EDT · Results: fiscal Q2 ended July 31, 2026Premarket price
$21.36
−5.94% · −$1.35
Implied value lost
$455M
336.75M shares × $1.35
Revenue
$292M
+21% year over year
ARR
$1.218B
+22% year over year
Guidance reset
| Metric | New | Previous / consensus |
|---|---|---|
| Q3 revenue | $309M–$311M | $310M consensus |
| Q3 adjusted EPS | $0.08–$0.09 | $0.10 consensus |
| FY revenue | $1.202B–$1.207B | $1.195B–$1.205B |
| FY operating income | $124M–$128M | $115M–$125M |
| FY adjusted EPS | $0.30–$0.32 | $0.32–$0.38 |
| FY diluted shares | 361M | 350M |
Growth and customer depth
Revenue growth
21%
ARR growth
22%
$100K+ ARR customers
1,715 · +13%
Bar lengths normalize the displayed growth rates to a 25% scale.
Margin split
| Non-GAAP operating margin | 10% | 2% year ago |
| Non-GAAP net margin | 10% | 5% year ago |
| GAAP gross margin | 72% | 75% year ago |
| Non-GAAP gross margin | 77% | 79% year ago |
| GAAP net margin | −32% | −30% year ago |
Per-share expectation gap
Change in guidance midpoints versus the prior company outlook.
Investor read-through
The selloff reflects a quality-of-earnings question. ARR and revenue still grow above 20%, and adjusted operating margin reached a record 10%. Yet a larger diluted share count and lower EPS range mean that improved operations are not translating cleanly into per-share earnings.
Balance sheet and cash flow
| Cash and investments | $813M |
| Q2 free cash flow | −$13.2M |
| Six-month operating cash flow | $31.9M |
| Six-month free cash flow | $17.5M |
| GAAP Q2 net loss | $93.4M |
Analyst frame
| Consensus | Overweight |
| Buy / Overweight | 22 |
| Hold | 16 |
| Average target | $22.98 |
| Target range | $15.50–$28.00 |
Average target implies roughly 8% upside from the 09:30 EDT premarket price.
Sources: SentinelOne fiscal Q2 2027 release and filings; MarketWatch; Public premarket data; Investor’s Business Daily; WSJ/FactSet. Extended-hours prices can be thin and volatile.
Autodesk Shares Drop 4.1% After Q3 Profit Outlook Misses Forecasts Despite 16% Revenue Rise
Autodesk, Inc. dropped 4.1% after reporting a robust quarter but issuing a weaker short-term profit outlook. Shares changed hands at $259.50 as of 07:15 EDT on Friday.
NASDAQ: ADSK · earnings dashboard
Growth beat, profit bar disappoints
Market data: Aug. 28, 2026, 07:15 EDT
Financials: quarter ended July 31, 2026
Financials: quarter ended July 31, 2026
Premarket
$259.50
▼ 4.09% · -$11.08
Implied value loss
≈$2.34B
211M shares × $11.08
Q2 revenue
$2.046B
▲ 16% YoY
Free cash flow
$561M
▲ 24% YoY
The expectations gap
Revenue guide above StreetEPS guide below StreetMaintainX costs included
Quarter scorecard
| Metric | Q2 FY27 | YoY |
|---|---|---|
| Billings | $1.854B | +10% |
| Revenue | $2.046B | +16% |
| GAAP operating margin | 29% | +4 pts |
| Adjusted margin | 41% | +2 pts |
| Adjusted EPS | $3.30 | +$0.68 |
Revenue mix
AECO · $1.029B · +17%
AutoCAD · $500M · +14%
Manufacturing · $385M · +15%
Media & Entertainment · $92M · +15%
Backlog visibility
| Current RPO | $5.245B | +12% |
| Total RPO | $7.433B | +2% |
| Deferred revenue | $4.258B | +11% |
| Unbilled deferred revenue | $3.175B | -8% |
Lower multi-year discounts support pricing but temporarily weigh on long-duration RPO.
Full-year FY27 guide
| Revenue | $8.295B–$8.345B |
| Billings | $8.575B–$8.650B |
| Adjusted margin | ≈39% |
| Adjusted EPS | $12.52–$12.60 |
| Free cash flow | $2.725B–$2.750B |
Free cash flow includes about $45M of MaintainX transaction expenses.
Investor lens
Autodesk is expanding revenue, current backlog and margins. The selloff says the market wants that strength to reach per-share profit faster. MaintainX can deepen the platform, but its integration now sets the next execution hurdle.
Sources: Autodesk Aug. 27, 2026 earnings release and opening commentary; MarketWatch; Barron’s; MarketBeat. Market figures may be delayed. Informational only.
Marvell Shares Drop 6.9% as Google AI Revenue Timeline Pushes Out to 2029
SANTA CLARA, California, August 28, 2026, 07:21 — Marvell Technology fell 6.9% as investors reacted to Google's adjusted forecast, placing significant AI-related revenue gains further out to 2029.
NASDAQ: MRVL · Fiscal Q2 2027
Record quarter, delayed payoff
The market discounted strong results because Google-linked revenue is weighted toward fiscal 2029.
Market data: Aug. 28, 2026, 06:57 EDT
Financials: quarter ended Aug. 1, 2026
Financials: quarter ended Aug. 1, 2026
Premarket price
$224.77
−6.91% vs. $241.45 close
Implied value erased
≈$14.6B
$16.68 per share × 875.8M shares
Quarterly revenue
$2.739B
Record; +37% year over year
Data-center revenue
$2.17B
+46%; about 79% of sales
Revenue scale and forward targets
Management lifted fiscal 2027 guidance by about $500 million and fiscal 2028 guidance by about $1.5 billion.
Quarterly scorecard
| Metric | Q2 FY27 | Signal |
|---|---|---|
| Revenue | $2.739B | +37% |
| Adjusted EPS | $0.94 | $0.93 est. |
| GAAP net income | $308M | +58% |
| Operating cash flow | $605.5M | 22.1% margin |
| Non-GAAP gross margin | 58.9% | Profitable scale |
Guidance and timing
| Signal | Current view | Investor meaning |
|---|---|---|
| Q3 revenue | $3.15B ±5% | More than 50% growth implied |
| Q3 adjusted EPS | $1.10 ±$0.05 | Above Q2 run-rate |
| Google contribution | Some through FY28 | Larger in FY29 |
| Investor Day | Oct. 6, 2026 | Next major detail point |
Valuation and analyst frame
The median target offers roughly 22% upside from premarket. Forward P/E is 58.4×, versus 32.2× for Broadcom.
Rubrik Shares Drop 6.7% Even as Revenue Jumps 38% and Forecast Rises
Rubrik, Inc. stock dropped 6.7% in premarket trade on Friday, even after the company surpassed quarterly expectations. The slide wiped about $1.5 billion in implied market capitalization.
NYSE: RBRK · Fiscal Q2 2027
Strong quarter, tougher expectations
Rubrik beat revenue and earnings estimates, then sold off before the open.
Market data: Aug. 28, 2026, 06:44 EDT
Financials: quarter ended July 31, 2026
Financials: quarter ended July 31, 2026
Premarket price
$99.84
−6.71% vs. $107.02 close
Implied value erased
≈$1.5B
Based on $22.03B market value
Quarterly revenue
$427.3M
+38% year over year
Subscription ARR
$1.66B
+33% year over year
Why the stock moved
The selloff reversed part of Thursday’s 11.3% surge. Premarket price remained 3.9% above Wednesday’s close, supporting an expectations-reset reading.
Operating scorecard
| Metric | Q2 FY27 | Signal |
|---|---|---|
| Revenue | $427.3M | +38% |
| Subscription revenue | $407.2M | +37% |
| Cloud ARR | $1.48B | +39% |
| $100K+ ARR customers | 3,084 | +23% |
| Free cash flow | $65.7M | 15% margin |
Guidance reset
| Fiscal 2027 | New range | Prior range |
|---|---|---|
| Revenue | $1.685B–$1.693B | $1.638B–$1.648B |
| Adjusted EPS | $0.47–$0.53 | $0.25–$0.35 |
| Subscription ARR | $1.880B–$1.885B | Raised |
| Free cash flow | $323M–$333M | Raised |
Analyst expectations
Twenty-eight analysts tracked by StockAnalysis rate the shares Buy or Strong Buy. New post-results targets included $115, $120 and $130.
PayPal Shares Drop 15.4% Following Abandoned $53 Billion Acquisition Attempt
SAN JOSE, California, August 28, 2026, 07:02 — PayPal Holdings Inc shares slumped 15.4% after the company called off its pursuit of a $53 billion takeover, prompting investor concerns over its growth strategy.
PayPal · NASDAQ: PYPL
Bid premium disappears; execution takes over
Premarket takeover-reset dashboard
$52.00▼ 15.41%
Aug. 28, 2026 · 06:52 EDT
Value erased*
≈$8.1B
Reported bid
$53B
TTM revenue
$34.13B
TTM net income
$4.90B
Price markers
Reported offer$60.50
Prior close$61.47
Premarket$52.00
Premarket price equals 86% of the reported offer. Shares had gained nearly 30% since the pursuit was reported.
Core question: can PayPal's turnaround deliver growth and margin expansion without merger optionality?
Operating and valuation signals
Shares outstanding855.46M
Forward P/E11.08×
2025 revenue growth4.3%
2025 earnings growth26.2%
Analyst consensusHold
Average target$60.57
Main risksCompetition · execution
Sources: Reuters, PayPal investor relations and StockAnalysis. *Estimated from the $9.47 premarket decline and 855.46 million shares outstanding. Market data is time-sensitive.
Okta Shares Jump 28.6% as cRPO Growth Reaches 14%
Shares of Okta Inc. jumped 28.6% on Thursday following reports of faster backlog growth and an upgraded annual forecast. The stock ended the session at $172.91, gaining $38.49.
NASDAQ: OKTA
Okta investor dashboard
Backlog acceleration and cash conversion drive a sharp re-rating.
Close: Aug. 27, 2026, 4:00 p.m. EDT
Compiled: Aug. 28, 2026, 4:44 a.m. EDT
Compiled: Aug. 28, 2026, 4:44 a.m. EDT
Close
$172.91
+28.63%
Intraday high: $174.85
Volume
16.36M
3.6× average
Average: 4.52M
Market cap
$30.05B
166.12M shares outstanding
Free-cash-flow margin
28%
+6 pts YoY
$227M in Q2 FY2027
Operating momentum
Q2 FY2026Q2 FY2027
Why investors reacted
- cRPO growth accelerated to 14%.
- RPO reached $4.858 billion.
- Free cash flow rose 40% to $227 million.
- FY27 cash-flow guidance increased.
- New identity products added to core growth.
Quarter comparison
| Metric | Q2 FY27 | YoY |
|---|---|---|
| Revenue | $805M | +11% |
| Subscription revenue | $793M | +12% |
| RPO | $4.858B | +17% |
| cRPO | $2.585B | +14% |
| GAAP operating income | $107M | +161% |
| Free cash flow | $227M | +40% |
Forward guide
| Period | Metric | Guidance |
|---|---|---|
| Q3 FY27 | Revenue | $813M–$817M |
| Q3 FY27 | cRPO | $2.590B–$2.600B |
| Q3 FY27 | Operating margin | 24%–25% |
| FY27 | Revenue | $3.216B–$3.226B |
| FY27 | Free cash flow | $910M–$930M |
| FY27 | FCF margin | 28%–29% |
Analyst targets after earnings
The close already exceeds some targets, leaving execution rather than estimate revision as the next support.
Risk monitor
- cRPO volatility from large contracts
- Growth slower than historic rates
- AI identity competition
- Premium valuation after the rally
- Guidance execution over two quarters
Investor takeaway
Okta’s rally rests on a measurable combination: faster near-term backlog growth, a doubled GAAP operating margin and 28% free-cash-flow conversion. The stock now prices in continued cRPO expansion and little tolerance for a guidance miss.
Sources: Okta fiscal Q2 2027 release; Nasdaq closing data; analyst actions dated Aug. 27, 2026. Non-GAAP guidance is management’s estimate.
CrowdStrike Shares Surge 20.5% as Annual Recurring Revenue Hits $5.84 Billion
CrowdStrike Holdings jumped 20.5% to $227.96 on Thursday after the company reported record recurring-revenue growth and raised its annual outlook. Trading volume reached roughly 23.45 million shares.
NASDAQ: CRWD · Q2 FY2027 earnings reaction
CrowdStrike: acceleration earns a 20.5% rerating
Record net new ARR and stronger cash conversion pushed the stock near fresh highs. The valuation now leaves less room for a routine quarter.
Market close: Aug. 27, 2026, 16:00 EDT · Financials: quarter ended July 31, 2026Close
$227.96
+$38.78 · +20.5%
Volume
23.45M
earnings-driven activity
Ending ARR
$5.84B
+25% year over year
Net new ARR
$333M
+51% year over year
Price reaction
The pre-report reference is inferred from the 20.5% one-day move. Closing data are timestamped Aug. 27, 2026, 16:00 EDT.
What changed
Net new ARR accelerated faster than total ARR. Falcon Flex ARR exceeded $2.29B and grew 101%, showing larger platform commitments rather than a narrow seat expansion.
| Revenue guide midpoint | $6.001B |
| Prior midpoint | $5.935B |
| Guide increase | $66M |
| Q3 revenue midpoint | $1.526B |
Fundamentals
| Metric | Q2 FY27 | Change |
|---|---|---|
| Revenue | $1.471B | +26% |
| Subscription revenue | $1.400B | +27% |
| GAAP subscription margin | 78% | +1 pt |
| Operating cash flow | $530.3M | +59% |
| Free cash flow | $377.4M | +33% |
| GAAP operating loss | ($33.2M) | improved $72.3M |
Module depth
6+ modules · 51%
7+ modules · 35%
8+ modules · 26%
Adoption rates among subscription customers as of July 31, 2026.
Peer tape · Aug. 27 close
| Company | Ticker | Daily move |
|---|---|---|
| Okta | OKTA | +28.6% |
| CrowdStrike | CRWD | +20.5% |
| Palo Alto Networks | PANW | +12.8% |
| ServiceNow | NOW | +10.0% |
Software and security stocks also benefited from renewed AI spending confidence.
Valuation and expectations
| Implied equity value | ~$238B |
| FY27 guide midpoint multiple | ~39.7× sales |
| Raised analyst targets | $238–$250 |
| Upside to target range | 4.4%–9.7% |
| Consensus | Buy · 44 analysts |
Equity value uses $227.96 and 1.044B diluted weighted-average shares. It is an approximation, not the exchange-reported market capitalization.
Catalyst timeline
Risk monitor
Valuation risk is immediate: raised price targets sit close to the market price.
Other watchpoints: long enterprise sales cycles, intense platform competition, acquisition integration, and $399.0M of quarterly stock-based compensation.
PagerDuty Shares Dip 0.2% Post-Market; 15% Workforce Reduction Boosts Profit Guidance
SAN FRANCISCO, August 27, 2026, 18:45 EDT — PagerDuty stock eased 0.2% in after-hours trading after the company announced it will cut its workforce by 15%, a move aimed at raising its profit forecast.
PagerDuty · NYSE: PD
Profit improves faster than growth
Cost controls and a 15% workforce reduction lifted the earnings outlook. Revenue grew just 0.8%, leaving shares almost unchanged after hours.
Q2 FY2027Reported Aug. 27, 2026After-hours
$12.60 −0.24%
Regular close: $12.63, +3.61%
17:04 EDT · Aug. 27, 2026
Revenue
$124.4M
+0.8% YoY
GAAP op. margin
8.2%
+530 bp YoY
ARR
$501M
+0.4% YoY
Free cash flow
$32.8M
+8.6% YoY
Growth versus operating leverage
The margin expansion is the dominant signal. Customer and recurring-revenue growth remain modest.
Restructuring
Workforce reduction~15%
Expected charges$5.5M–$7.5M
TimingMainly H2 FY2027
Cash + investments$470.0M
Guidance reset
| Metric | New | Prior | Midpoint change |
|---|---|---|---|
| FY revenue | $491.5M–$496.5M | $488.5M–$496.5M | +0.3% |
| FY adj. EPS | $1.33–$1.37 | $1.27–$1.32 | +4.2% |
| Q3 revenue | $123M–$125M | — | New |
| Q3 adj. margin | 26.5%–27.5% | — | New |
Customer and valuation signals
Net retention98%
$100K+ ARR customers884
Paid customers15,506
Average analyst target$10.64
AH premium to target18.4%
Investor read-through
Bull case: The restructuring protects cash generation and supports a higher EPS range. Q2 beat revenue guidance, and free cash flow improved.
Bear case: ARR grew only 0.4% and retention stayed below 100%. The stock already trades above the average analyst target.
Watch next: Q3 revenue of $123M–$125M, adjusted margin of 26.5%–27.5%, retention and the pace of restructuring charges.
Market data: MarketWatch, 17:04 EDT, Aug. 27, 2026. Financials and guidance: PagerDuty Q2 FY2027 release. Analyst target: Investing.com. After-hours prices may change on limited liquidity.
Elastic shares surge nearly 20% post-market as revenue reaches $478 million
Shares of Elastic N.V. jumped 19.7% following an earnings report that surpassed expectations on Thursday. The rise boosted its market capitalization by roughly $1.7 billion.
Elastic N.V. · NYSE: ESTC
Q1 FY2027 investor dashboard
After-hours snapshot · August 27, 2026, 18:30 EDT
$100.25
+$16.51 · +19.72% after hours
$478M
Q1 revenue
+15% year over year
$1.153B
Current RPO
+21% year over year
$143.3M
Adjusted free cash flow
+23.5% year over year
1,800+
Customers above $100K ACV
+16.1% versus Q1 FY2026 floor
Two-stage stock move
Estimated equity-value change: about $1.7 billion after hours, using 103.95 million shares outstanding. Extended-hours liquidity can amplify moves.
Beat and outlook
Adjusted EPS$0.70 vs $0.58 est.
Revenue$478M vs ~$470M est.
Q2 revenue midpoint$486.5M vs ~$483M est.
FY2027 revenue midpoint$2.004B
FY2027 adj. operating margin~19.4%
FY2027 adj. FCF margin~21.5%
Operating scorecard
| Metric | Q1 FY2027 | Change / reference |
|---|---|---|
| Total subscription revenue | $449M | +15% |
| Sales-led subscription revenue | $399M | +18% |
| Total RPO | $1.854B | +27% |
| Net expansion rate | ~111% | Stable expansion signal |
| Non-GAAP operating margin | 16.2% | $77M income |
| GAAP operating margin | -5.0% | $24M loss |
Valuation and expectations
After-hours price$100.25
52-week regular-session high$96.07
Pre-report analyst consensusBUY
Average target$89.50
After-hours premium to target+12.0%
Consensus: 24 analysts. Targets may reset after the earnings release.
Investor read-through
Demand: cRPO growth of 21% and a record quarterly addition of large customers strengthen revenue visibility.
Quality: adjusted free cash flow rose faster than revenue, reaching a 30% quarterly margin.
Risk: the new price exceeds the pre-report target and Elastic still posted a GAAP operating loss. Thin after-hours trading can reverse.
Sources: Elastic Q1 FY2027 earnings release; Public.com after-hours and analyst data; MarketWatch quote; FactSet estimates reported by Investor’s Business Daily. Figures are as reported or calculated from cited data and are not investment advice.
Marvell Shares Drop 7.6% After Hours Even as Revenue Hits Record $2.74 Billion
SANTA CLARA, August 27, 2026, 18:05 — Marvell Technologies stock slid 7.6% in after-hours trading, despite the company reporting record quarterly revenue of $2.74 billion.
NASDAQ: MRVL · Earnings reaction
Marvell: record quarter, higher expectations
Market data: Aug. 27, 2026, 18:00 EDT
Financials: Q2 FY2027
Financials: Q2 FY2027
After-hours price
$223.05
−7.62% from $241.45 close
Market value erased
≈$16.1B
Based on $211.73B regular-close cap
Q2 revenue
$2.739B
+37% year over year
Regular volume
38.9M
1.66× recent average
AI data-center concentration
$2.17B · 79.2% of sales
Data-center revenue grew 46% year over year.
Why shares fell
The fundamentals beat estimates, but not elevated AI expectations. Q3 revenue guidance exceeded consensus by about 4%, while the non-GAAP gross-margin midpoint falls 90 basis points sequentially.
Quarterly operating picture
| Metric | Q2 FY26 | Q2 FY27 | YoY |
|---|---|---|---|
| Revenue | $2.006B | $2.739B | +36.5% |
| GAAP operating income | $290.1M | $459.7M | +58.5% |
| GAAP gross margin | 50.4% | 53.1% | +270 bp |
| Operating cash flow | — | $605.5M | — |
Q3 outlook versus consensus
| Metric | Guide midpoint | Consensus | Premium |
|---|---|---|---|
| Revenue | $3.15B | $3.03B | +4.0% |
| Adjusted EPS | $1.10 | $1.07 | +2.8% |
| Non-GAAP gross margin | 58.0% | — | −90 bp QoQ |
Revenue midpoint implies roughly 15% sequential growth.
Cash
$3.93B
Quarter-end balance
Long-term debt
$4.96B
Up from $3.97B in January
R&D
$741.1M
+43% year over year
Stock compensation
$326.2M
More than doubled YoY
Investor timeline
Aug. 27Q2 results and Q3 guidance
After hoursShares fall 7.62%
Oct. 6Investor day: long-term AI roadmap
Watch: custom-silicon ramps, optical demand, customer concentration, supply, gross-margin conversion and cash returns.
IREN Shares Drop 6% After Hours as AI Shift Spurs $639 Million Write-down
Shares of IREN Limited dropped 5.97% in after-hours trading on Thursday. Despite strong expansion in AI Cloud, the costs from infrastructure transition and associated accounting impacts weighed on the company.
IREN investor dashboard
FY26 transition to AI Cloud • Market data at August 27, 2026, 18:00 EDT
After-hours price
$38.11
-$2.42 • -5.97%
FY26 revenue
$707.0M
+41.1% YoY
AI Cloud revenue
$128.8M
~7.9× YoY
FY26 net loss
-$702.6M
$638.8M impairment
Revenue mix shift
AI Cloud rose from 3.3% to 18.2% of annual revenue.
Contracts and capacity
| Operating ARR | $1.0B |
| Contracted 2026 ARR | $4.0B |
| 2026 IT capacity | ~0.3GW |
| 2027 IT capacity target | ~0.8GW |
| Recent revenue / MW | >$20M |
| Customer prepayments | 45–55% GPU capex |
ARR is a non-GAAP operating metric. Recognized revenue may be materially lower.
Financial bridge
| Metric | FY25 | FY26 | Change |
|---|---|---|---|
| Total revenue | $501.0M | $707.0M | +41.1% |
| AI Cloud revenue | $16.4M | $128.8M | +685% |
| Adjusted EBITDA | $269.7M | $245.7M | -8.9% |
| Net income/(loss) | $86.9M | -$702.6M | NM |
Market and analyst view
| Regular close | $40.53 |
| After-hours | $38.11 |
| Implied value change | ~-$865M |
| 52-week range | $22.63–$76.87 |
| Ratings | 7 Buy / 2 Hold / 1 Sell |
| Average target | $77.44 |
Investor read-through
AI demand validatedLegacy mining impairmentHeavy external financingExecution riskWatch: quarterly adjusted EBITDA fell 67.7% sequentially as staffing and platform costs arrived before the revenue ramp. Deferred revenue drove $1.722 billion of quarterly operating cash flow.
Sources: IREN FY26 results; Public after-hours data; Google Finance. Extended-hours prices may change before the next regular session.
Workday Shares Drop 7.0% in After-Hours Trading After Subscription Revenue Forecast Misses Expectations
PLEASANTON, California, August 27, 2026, 17:30 – Workday shares fell 7.0% in after-hours trading after the company issued a subscription revenue outlook of $2.52 billion that fell short of analyst estimates.
NASDAQ: WDAY · Fiscal Q2 2027 earnings reaction
Workday: AI traction meets a growth ceiling
Market snapshot: August 27, 2026, 17:30 EDT · Quarter ended July 31
After-hours price
$179.99
−$13.58 · −7.02%
Regular close
$193.57
Volume: 7.36M
Q2 revenue
$2.649B
+12.8% YoY
Adjusted EPS
$2.75
+$0.14 vs consensus
What cleared the bar—and what did not
Q2 revenue+$13M
Q2 adj. EPS+$0.14
FY sub midpoint+$7.5M
Q3 subscriptionsIn line
Bar lengths are normalized within each comparison, not a common scale.
AI adoption
Guidance and capital return
| Metric | Current | Investor signal |
|---|---|---|
| Q3 subscription revenue | ~$2.515B | Broadly in line |
| FY subscription revenue | $9.94–$9.95B | Tiny midpoint raise |
| New buyback authorization | $4.0B | ~9% of AH value |
| After-hours value loss | ~$3.3B | 7.02% move |
Street view
| Consensus | Outperform |
| Analysts | 41 |
| Average target | $188.21 |
| Median target | $202.00 |
| Target range | $92–$275 |
| Upside to average | 4.6% |
Watch enterprise IT budgets, large-deal timing, AI pricing, Financials adoption and acquisition speculation. Extended-hours liquidity can amplify the move.
Sources: Workday, Reuters, WSJ, Public and MarketScreener.Prices: 17:30 EDT. Financials: reported August 27, 2026.
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