Premarket price
$224.77
−6.91% vs. $241.45 close
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
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.
Rubrik Shares Fall 9.3% After Hours; Company Beats Revenue Estimates by $31 Million
Rubrik shares fell significantly after the bell, even though the company reported much stronger earnings than expected. The reaction suggested investors had already anticipated the positive developments.
Rubrik Q2 FY2027 investor dashboard
Market data: August 27, 2026, 5:00 p.m. EDT · Financial data: quarter ended July 31, 2026
After-hours
$97.12
−9.25% from $107.02 close
Regular session
+11.33%
6.36M shares vs 3.60M 65-day average
Q2 revenue
$427.3M
+38% YoY · about $31M above consensus
Subscription ARR
$1.66B
+33% YoY · Cloud ARR +39%
Beat versus pre-report consensus
Operating quality
| Metric | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | $427.3M | $309.9M | +38% |
| Subscription ARR margin | 14.0% | 9.4% | +4.6 pp |
| Non-GAAP gross margin | 81.0% | 81.6% | −0.6 pp |
| Free cash flow | $65.7M | $57.5M | +14% |
| FCF margin | 15% | 19% | −4 pp |
Raised fiscal 2027 outlook
| Metric | Prior range | New range | Midpoint lift |
|---|---|---|---|
| Revenue | $1.638B–$1.648B | $1.685B–$1.693B | +$46M |
| Subscription ARR | $1.854B–$1.862B | $1.880B–$1.885B | +$24.5M |
| Free cash flow | $293M–$303M | $323M–$333M | +$30M |
| Adjusted EPS | $0.25–$0.35 | $0.47–$0.53 | +$0.20 |
Investor bridge
The $30 million free-cash-flow midpoint increase is a 10.1% lift, while the $46 million revenue midpoint increase is 2.8%. The after-hours reversal says expectations rose faster than the outlook.
3,084 large customers+23% YoY$1.75B liquidity
Valuation and expectations
$105.63
Average analyst target before the report; about 8.8% above the 5:00 p.m. after-hours price. The stock touched a record $107.91 intraday and had gained roughly 85% over six months.
Risks to monitor
Extended-hours liquidity can distort price discovery. Rubrik remains GAAP-loss-making. Non-GAAP gross margin slipped 0.6 point, free-cash-flow margin fell four points, and a record-high setup leaves little room for execution misses.
Sources: Rubrik/Business Wire results, Rubrik prior guidance, Public after-hours data, WSJ market data and Yahoo Finance analyst data. Figures are company-reported unless otherwise stated.
SentinelOne Shares Drop 3.1% After Hours on Lower EPS Forecast, Revenue Guidance Raised
SentinelOne, Inc. dropped roughly 3.1% in after-market trade on Thursday, coming after the stock surged 10.5% during the regular session to close at $22.71.
NYSE: S · Fiscal Q2 2027
SentinelOne: growth rose, per-share outlook fell
Market: Aug. 27, 2026, 4:34 pm ET
Financials: quarter ended July 31, 2026
Financials: quarter ended July 31, 2026
After hours
$22.00
−3.1% from $22.71 close
Regular session
+10.5%
17.9M shares traded
Q2 revenue
$292M
+21% year over year
ARR
$1.218B
+22% year over year
The two-stage price move
+10.5% regular−3.1% after hoursNet: +7.1% vs. prior close
Quarter snapshot
Adjusted EPS$0.08+100% YoY
Non-GAAP op. margin10%+800 bp
Non-GAAP gross margin77%−200 bp
$100K+ ARR customers1,715+13%
Cash + investments$813MJul. 31
Full-year midpoint changes
Midpoints: revenue $1.200B → $1.2045B; operating income $120M → $126M; EPS $0.35 → $0.31; share count 350M → 361M.
Investor read-through
1
Operating leverage improved.
A 10% adjusted operating margin supports the profitability case.
A 10% adjusted operating margin supports the profitability case.
2
Dilution took the edge off.
A 3.1% higher share-count assumption helped pull the EPS midpoint down 11.4%.
A 3.1% higher share-count assumption helped pull the EPS midpoint down 11.4%.
3
Gross margin softened.
The two-point decline keeps infrastructure and product costs in focus.
The two-point decline keeps infrastructure and product costs in focus.
Guidance bridge
MetricPriorCurrent
FY2027 revenue$1.195B-$1.205B$1.202B-$1.207B
FY2027 operating income$115M-$125M$124M-$128M
FY2027 adjusted EPS$0.32-$0.38$0.30-$0.32
Q3 revenue—$309M-$311M
Q3 adjusted EPS—$0.08-$0.09
Analyst snapshot
58% Buy
Buy57.9%
Hold39.5%
Sell2.6%
38 ratings aggregated by Robinhood. Ratings are not investment advice.
Autodesk Shares Drop 5% as Revenue Outlook Increases, Cash-Flow Midpoint Decreases
Autodesk Inc. shares dropped 5.0% in extended trading as investors focused more on the expense of growth rather than a robust quarter.
NASDAQ: ADSK · Fiscal Q2 2027
Revenue lift meets a cash-conversion test
Market: Aug. 27, 2026, 4:30 p.m. ET
Financials: quarter ended July 31, 2026
Financials: quarter ended July 31, 2026
After-hours
$257.00
−5.02% from $270.58 close
Q2 revenue
$2.046B
+16% year over year
Adjusted margin
41%
+2 percentage points
Free cash flow
$561M
+24% year over year
Why shares reversed
MaintainX raises reported sales guidance, while financing and transaction costs reduce near-term cash conversion.
Guidance bridge
| Metric | May | August | Change |
|---|---|---|---|
| FY revenue midpoint | $8.185B | $8.320B | +$135M |
| FY FCF midpoint | $2.763B | $2.738B | −$25M |
| Non-GAAP margin | ~39% | ~39% | Flat |
| FY adjusted EPS | $12.53 | $12.56 | +$0.03 |
Operating signals
| AECO revenue | $1.029B | +17% |
| AutoCAD family | $500M | +14% |
| Manufacturing | $385M | +15% |
| Current RPO | $5.245B | +12% |
| Total RPO | $7.433B | +2% |
| Unbilled deferred revenue | $3.175B | −8% |
Valuation and expectations
Average analyst target vs after-hours price
$314.57
22.4% above $257.00
| Buy ratings | 30 |
| Sell ratings | 0 |
| Regular-session volume | 3.71M |
| Market value at close | about $57.1B |
Sources: Autodesk fiscal Q2 release; Yahoo Finance; Public after-hours data; Investing.com analyst compilation. Extended-hours prices can be volatile and less liquid.
Take-Two Shares Slip 2.1% With Netflix Preview of GTA VI Marking Final Launch Phase
Take-Two Interactive Software stock declined 2.12% while Rockstar Games initiated its last marketing campaign for Grand Theft Auto VI.
Product / commercial catalyst
Grand Theft Auto VI: the launch funnel
Take-Two Interactive Software · NASDAQ: TTWO
Market data: Aug. 27, 2026, 13:04 EDT
Product and company data: Aug. 27, 2026
Product and company data: Aug. 27, 2026
TTWO price
$228.50
−2.12% · −$4.95
Market value
$42.73B
~$920M erased today
GTA VI base price
$79.99
PS5 · Xbox Series X|S
FY2027 bookings
$8.0–8.2B
Midpoint +20.5% vs FY2026
Company bookings step-up
The FY2027 range is company-wide. It includes GTA VI, NBA 2K, mobile titles and other releases; it is not a GTA VI sales forecast.
Market snapshot
Day range$226.55–237.77
Volume1.52M
Analyst target$296.9522 analysts
Implied upside29.9%MarketBeat consensus
Moderate Buy Analyst targets remain sensitive to launch timing and online monetization.
Four gates between attention and recognized revenue
Netflix premierePaid-platform first window
Public video releaseYouTube and Rockstar site
Game launch$79.99 base edition
Online economicsKey long-tail valuation test
Operating bridge
| Metric | Latest | Signal |
|---|---|---|
| Q1 FY2027 bookings | $1.39B | −3% year on year; slightly above guidance |
| Recurrent consumer spending | 84% of bookings | −1% year on year |
| FY2026 bookings | $6.72B | Baseline before GTA VI launch year |
| GTA V installed base | >230M units | Proof of franchise durability |
| GTA VI pre-orders | “Unprecedented” | Management description; not yet recognized sales |
What today's move says
Search attention and the showcase are strong. The stock still fell 2.12%, suggesting investors want execution evidence, not another anticipation cycle.
At $228.50, the market discounts roughly 30% upside to the analyst target. That spread also embeds delay, launch-quality and mobile-performance risk.
Risk board
TimingAnother delay would push bookings and marketing costs across fiscal periods.
ConversionPre-orders measure intent. Cancellations and edition mix determine realized revenue.
Online modelLong-term value depends on engagement and spending after launch.
PortfolioMobile weakness can offset strength from GTA and NBA 2K.
Sources: Rockstar Games; Take-Two fiscal Q1 2027 results and pre-order release; Reuters; MarketBeat; intraday U.S. market data. Figures are as timestamped and may change.
Microsoft launches $899 Xbox Series X25 in bid to gauge pricing power as console revenue drops 29%
Microsoft Corp. began taking general preorders Thursday for its $899.99 Xbox Series X25 lineup. The high-end release gauges demand following a sharp drop in hardware sales.
Microsoft · NASDAQ: MSFT · Product catalyst
Xbox Series X25 tests premium pricing against a shrinking hardware base
Market data: August 27, 2026, 12:38 EDT · Financials: Microsoft FY2026 Q4 / Form 10-K
Google trend: xbox series x 25th anniversary
X25 MSRP
$899.99
U.S. launch price · Nov. 13
Premium vs Series X
+$100
12.5% over the 1TB disc model
MSFT intraday
+1.52%
$503.92 · 12:38 EDT
FY26 hardware revenue
−29%
Lower console unit volume
Premium-price ladder
U.S. recommended retail prices. The PS5 Pro carries 2TB; X25 carries 1TB and includes the X25 controller plus Halo: Campaign Evolved.
What the buyer receives
Console1TB Series X25, numbered
DesignTranslucent OG Green
ControllerX25 Special Edition
GameHalo: Campaign Evolved
Standalone game price$49.99
Standalone controller$79.99
Revenue sensitivity: undisclosed limited run
Gross sales at $899.99 before returns, channel fees and revenue recognition. Microsoft has not disclosed production volume.
Scale check
FY26 Xbox revenue−$1.7B / −7%
FY26 Xbox hardware−29%
FY26 Q4 Xbox revenue−10%
FY26 Q4 More Personal Computing$12.9B / −4%
Segment operating margin21%
250K-unit X25 scenario1.74% of one MPC quarter
The launch is more useful as an average-selling-price signal than as a Microsoft-wide earnings driver.
Stock and expectations
MSFTS&P 500Technology
Illustrative indexed path using reported open, range and latest performance; it is not tick-by-tick market data. Volume was 11.86M versus a 38.95M 65-day average.
Analyst snapshot
ConsensusBUY
Analysts55
Average target$569.45
Upside vs Aug. 26 close14.72%
Target range$400–$870
MarketScreener consensus; the wide range reflects Microsoft’s cloud and AI businesses, not Xbox alone.
Catalyst timeline
Aug. 26
Microsoft announces $899.99 price and limited preorder access.
Aug. 27
Broad preorders open in select markets at 10:00 EDT.
Oct. 20
X25 Special Edition controller launches separately.
Nov. 13
Xbox Series X25 collection launches.
Investor bridge and risks
The collection directly enters Xbox hardware revenue at a 12.5% premium to the standard 1TB Series X. A sellout would support pricing power and average selling price, but even an aggressive 250,000-unit scenario produces about $225 million of gross sales—only 1.7% of one recent More Personal Computing quarter.
Watch: production volume, sell-through speed, channel inventory, discounting before November 13 and any hardware-margin disclosure. Scarcity can create a sellout without proving mass-market demand. The 1.5% MSFT gain occurred during a broad technology rally and should not be attributed to Xbox alone.
Synopsys Shares Rise 10.7%, Market Cap Climbs $8.5 Billion on Upbeat AI-Driven Outlook
Shares of Synopsys climbed 10.7% as increased demand for chip design enabled the software firm to boost its yearly guidance. The stock was last seen at $454.06 early afternoon in New York, with close to 2 million shares traded.
Synopsys (NASDAQ: SNPS)
Q3 FY2026 earnings and Ansys integration
Market snapshot: Aug. 27, 2026, 12:08 ET
Share price$454.06+10.7%
Q3 revenue$2.477B+42.4% YoY
Adjusted margin41.6%14.4% GAAP
FY revenue midpoint$9.715BRaised outlook
Quarterly revenue mix
Electronic Design Automation — $1.283B / 51.8%
Ansys — $711.1M / 28.7%
Design IP — $473.8M / 19.1%
Margin bridge
$402.4M of acquired-intangible amortization and $231.6M of stock compensation widened the gap.
Guidance and cash generation
| Measure | FY2026 / Q4 range |
|---|---|
| FY revenue | $9.69B-$9.74B |
| FY adjusted EPS | $15.04-$15.10 |
| Q4 revenue | $2.53B-$2.58B |
| Q4 adjusted EPS | $4.10-$4.16 |
| FY operating cash flow | About $2.8B |
| FY free cash flow | About $2.6B |
Valuation signal
The one-day equity-value gain was about 2.9 times expected full-year Ansys revenue.
Balance sheet and investor watchlist
| Signal | Current reading | What to watch |
|---|---|---|
| Cash + short-term investments | $3.608B | Integration flexibility |
| Outstanding debt | $10.037B | Debt paydown pace |
| Recurring revenue | 82% | Renewal quality and pricing |
| Q3 operating cash flow | $813M | Conversion into free cash flow |
Risks
Ansys integration expense, acquisition-related debt, export controls and the large GAAP-to-adjusted margin gap can challenge the premium valuation. After a 10.7% rally, guidance execution matters more.
Sources: Synopsys Q3 FY2026 financial supplement and quarterly results; market data at Aug. 27, 2026, 12:08 ET. Figures may be rounded.
Micron Shares (MU) Retreat Nearly Entirely After Nvidia Surge, $1,300 Target Remains in Play
BOISE, Idaho, August 27, 2026, 09:39 EDT — Micron Technology's stock has erased 82% of its Nvidia-driven opening gap, with attention staying on its projected $1,300 price target.
Google Trend: MU · NASDAQ:MU
Micron’s Nvidia gap faded fast
The AI-memory read-through remains strong. Price action says investors still want Micron-specific proof on HBM volume, pricing and margins.
Market open · 09:39 EDT
Micron price
$943.46
+$5.06 · +0.54%
Opening gap
+3.05%
82% erased by 09:39
$1,300 target
+37.8%
8.4× FY2027 EPS estimate
Analyst consensus
$1,515
Strong Buy · 47 analysts
Ten-session price path
August 27 value is intraday at 09:39 EDT; earlier values are official closes. The stock opened at $967.01 before fading.
Fundamentals and valuation
| Metric | Current / latest | Comparison | Investor reading |
|---|---|---|---|
| Fiscal Q3 revenue | $41.46B | $23.86B prior quarter | +73.8% sequential |
| Operating cash flow | $25.39B | $11.90B prior quarter | Cash conversion strengthened |
| Adjusted free cash flow | $18.3B | $7.1B capex | Funds expansion internally |
| Adjusted gross margin | 84.9% | 74.9% prior quarter | Exceptional, hard to sustain |
| Forward P/E | 6.5× | 21.2× trailing | Large earnings-cycle assumption |
| Net cash | $23.75B | $21.03 per share | Balance-sheet cushion |
AI-memory transmission chain
Nvidia Q2 revenue
$96.2B
+106% year over year
Data-center revenue
$89.0B
+117% year over year
Nvidia Q3 outlook
$108B
±2%; excludes China compute
Micron HBM4
>2.8 TB/s
36GB 12-high; Rubin design
HBM is stacked memory placed beside AI accelerators. Higher accelerator shipments increase the addressable memory content, but Micron’s realized revenue still depends on qualification, allocation, pricing and yield.
Targets and next check
| Reference | Target / value | Upside from $943.46 | Implied FY2027 P/E |
|---|---|---|---|
| Current price | $943.46 | — | 6.1× |
| BMO / Mizuho | $1,300 | 37.8% | 8.4× |
| Analyst average | $1,515 | 60.6% | 9.8× |
| Analyst low | $361 | −61.7% | 2.3× |
| Analyst high | $2,200 | +133.2% | 14.2× |
Next dated catalyst: Micron reports fiscal fourth-quarter results on September 30 at 2:30 p.m. Mountain time. Watch HBM shipments, memory pricing, gross margin and fiscal 2027 capex.
Main risk: A slower AI-server buildout, weaker HBM pricing or faster rival capacity additions could compress the earnings estimate that makes Micron appear inexpensive.
HP Shares Slide 10.6% Before Market Open, Wiping Out $3 Billion Amid 16% Slump in PC Shipments
PALO ALTO, August 27, 2026, 06:49 EDT — HP shares dropped 10.6% in premarket trade after the company reported that global PC shipments declined 16%, erasing $3 billion from its market value.
NYSE: HPQ · Earnings reaction
HP Inc. — price beats volume
Record revenue did not offset a 16% PC shipment decline and lower Personal Systems margin.
Market data: Aug. 27, 2026, 06:44 EDT
Financials: fiscal Q3 ended July 31, reported Aug. 26
Financials: fiscal Q3 ended July 31, reported Aug. 26
$27.28
−$3.24 · −10.62%
186,000 shares before hours
$2.96B
$3.24 × 914.52M shares
$3.10B
Value loss equals 95.6% of midpoint
$27.88
Hold · 17 analysts · 2.2% above premarket
Quarter scorecard
| Metric | Result | Reference |
|---|---|---|
| Revenue | $15.7B | +12.5% YoY |
| Adjusted EPS | $0.83 | $0.69 LSEG |
| Personal Systems revenue | $11.8B | +18% YoY |
| PC units | −16% | Consumer −19% |
| Personal Systems margin | 4.6% | 5.2% in Q2 |
| Printing revenue | $3.9B | −2% YoY |
| Quarterly free cash flow | $1.6B | $0.8B in Q2 |
What drove the selloff
Bars are scaled for visual comparison, not to a common unit. Basis points measure one-hundredth of a percentage point.
Guidance bridge
The stated 74-cent midpoint includes an estimated eight-cent tariff refund. Removing it leaves 66 cents, one cent below consensus.
Dates and signals
Aug. 26, 16:00 EDTHPQ closed at $30.52, up 3.39%; volume reached 23.67M, 135% of the 65-day average.
Aug. 26, after closeHP reported $15.7B revenue, $0.83 adjusted EPS and $1.6B free cash flow.
Aug. 27, 06:44 EDTShares traded at $27.28, down 10.62% premarket.
Fiscal Q4Watch Personal Systems margin, unit demand and the eight-cent refund assumption.
Valuation and expectations
| Premarket equity value | ≈$24.95B |
| Close P/E | 11.65× |
| Dividend yield at close | 3.93% |
| Average analyst target | $27.88 |
| Fresh targets, Aug. 27 | Goldman $22 · UBS $28 |
| Consensus | Hold |
Premarket equity value equals $27.28 multiplied by 914.52M shares. Analyst data updated Aug. 27 at 06:45 EDT.
Risk monitor
Downside mechanism: memory and storage inflation outpaces repricing, pushing Personal Systems margin below 4.6%.
Upside mechanism: premium and AI-PC mix supports price while shipment declines moderate.
Invalidation check: strip tariff refunds from EPS before comparing core execution with consensus.
CrowdStrike Shares Surge 9.3% in Premarket, Boosting Market Value by $18.0 Billion as ARR Hits New High
CrowdStrike stock jumped 9.34% to $206.85 in premarket trade on Thursday. The price was noted at 06:39:33 EDT following record quarterly bookings.
CrowdStrike · NASDAQ: CRWD
Record ARR meets a full valuation
Market data: Aug. 27, 2026, 06:39:33 EDT
Financials: quarter ended July 31, 2026
Financials: quarter ended July 31, 2026
Premarket price
$206.85
+$17.67 · +9.34%
Implied value added
$18.0B
≈1.018B shares × move
Ending ARR
$5.84B
+25% year over year
Net-new ARR
$332.8M
Record · +51% YoY
Market move versus operating gains
Growth acceleration
Quarterly scorecard
| Metric | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | $1.47B | $1.17B | +26% |
| Subscription revenue | $1.40B | $1.10B | +27% |
| Net-new ARR | $332.8M | $221.1M | +51% |
| Free cash flow | $377.4M | $283.6M | +33% |
| GAAP operating result | −$33.2M | −$105.5M | Loss narrowed 69% |
| GAAP subscription margin | 78% | 77% | +100 bp |
FY2027 outlook
| Ending ARR | $6.603B–$6.612B |
| Revenue | $5.991B–$6.011B |
| Non-GAAP operating income | $1.497B–$1.508B |
| Non-GAAP EPS | $1.25–$1.26 |
| Net-new ARR growth midpoint | 34% |
Analyst frame
Buy · $210.54
Mean recommendation and average target from 53 analysts.
The target sits only 1.8% above $206.85. Fresh post-earnings revisions may change this comparison.
Commercial engine
Falcon Flex: More than $2.29B of ARR, or about 39% of total ending ARR.
Q3 bridge: Guidance implies about $346M of net-new ARR, roughly 4% above Q2.
Risk map
The $18.0B premarket gain equals about 54 times quarterly net-new ARR and 272 times the revenue-guide midpoint increase.
GAAP operations remain loss-making. Competition, discounting and outage-related costs can pressure margins.
Okta Shares Surge 20.9% After $75 Million Backlog Surpasses Outlook, Prompting Raised Guidance
Okta Inc. shares surged 20.89% to $162.50 in premarket deals as of 04:08:52 EDT. The gain came after Okta beat quarterly backlog estimates, providing firmer proof of demand despite a limited guidance raise. The jump signaled about $4.9 billion in market value added from Wednesday’s $23.57 billion cap.
NASDAQ: OKTA · Q2 FY2027
The rally prices in a backlog inflection
Current subscription backlog accelerated faster than revenue. Cash conversion improved too. The remaining question is whether the 21% premarket reset outran a modest full-year guidance increase.
Market data: Aug. 27, 2026, 04:08:52 EDT
Financials: quarter ended July 31, 2026
Financials: quarter ended July 31, 2026
Premarket price
$162.50
+20.89%
vs. $134.42 Aug. 26 close
Value added
≈$4.9B
Estimate from $23.57B Aug. 26 market cap
Current RPO
$2.585B
+14% YoY
$75M above consensus
Free cash flow
$227M
+40% YoY
28.1% margin, +5.8 pts
Current backlog regained momentum
Quarterly cRPO rose from $2.499B in Q1 to $2.585B in Q2. Management guides Q3 cRPO to $2.590B–$2.600B, implying 11%–12% year-over-year growth.
Beat, raise and valuation
Q2 revenue$805M · +11%
Revenue beat$12M vs. consensus
Adjusted EPS$1.05 vs. $0.97
FY27 revenue midpoint$3.221B
Midpoint increase+$21M · +0.7%
Analyst mean target$146.34
At $162.50, the premarket price stood 11.0% above Yahoo’s mean analyst target at 04:08:52 EDT.
Operating signals
Subscription mix
$793M of $805M revenue
Non-GAAP subscription gross margin
83.9%, up 0.2 percentage point
Free-cash-flow margin
28.1%, up 5.8 percentage points
Customers above $100K ACV
5,255, up 6% year over year
What must happen next
| Test | Latest | Next threshold | Investor read |
|---|---|---|---|
| cRPO growth | 14% | 11%–12% Q3 guide | Deceleration is already guided |
| Revenue growth | 11% | 10% Q3 guide | Backlog must convert cleanly |
| FCF margin | 28.1% | 21%–23% Q3 guide | Quarterly seasonality rises |
| Net retention | 107% | Hold or improve | Confirms expansion quality |
Risk map
Price riskPremarket gain may reverse when regular liquidity returns.
Growth riskFY2027 revenue still grows only 10%–11%.
Mix riskPartnering out professional services cuts reported growth by about one point.
Execution riskAI-agent products need bookings without weakening renewal economics.
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