Premarket price
$206.85
+$17.67 · +9.34%
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
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.
NVIDIA Stock Jumps 7.4% Premarket, Adding $374 Billion After $96.2 Billion Quarter
NVIDIA Corporation rose 7.37% to $225.12 in premarket trading at 05:43 EDT. The move followed quarterly revenue that more than doubled and a forecast above Wall Street expectations.
NASDAQ: NVDA · Earnings
$96.2bn quarter reprices a $5tn stock
The revenue beat mattered. The $108bn guide and 70% FY2028 growth signal mattered more.
Market snapshot
Aug. 27, 2026 · 05:43 EDT
Aug. 27, 2026 · 05:43 EDT
Premarket
$225.12
+7.37% vs. Aug. 26 close
Implied value added
$374bn
$15.46 × 24.19bn basic shares
Q2 revenue
$96.22bn
+18% Q/Q · +106% Y/Y
Q3 midpoint
$108.0bn
+12.2% sequential · ±2%
Revenue scale
USD billions. Q3 is management's Aug. 26 midpoint; range is $105.84bn–$110.16bn.
What drove attention
Data Center share uses Q2 revenue. Growth figures are company-reported.
Fundamentals and cash signals
| Metric | Current | Comparison |
|---|---|---|
| GAAP gross margin | 75.0% | 74.0% Q3 midpoint |
| GAAP operating income | $63.73bn | +124% Y/Y |
| Operating cash flow | $24.08bn | Q2 FY2027 |
| Accounts receivable | $63.06bn | +64% since Jan. 25 |
| Inventory | $31.58bn | +48% since Jan. 25 |
| Capital returned | $26.0bn | Q2 buybacks + dividends |
Valuation and expectations
| Forward P/E | 17.9× |
| AMD forward P/E | 37.2× |
| Intel forward P/E | 46.2× |
| Analyst consensus | Buy · 61 analysts |
| Average target | $305.79 |
| Raymond James | Strong Buy · $352 |
Consensus and targets observed Aug. 27; latest rating dated Aug. 25. Forward multiples reported by Reuters Aug. 27.
Transmission and risks
Margin: Q3 gross-margin midpoint falls 100 basis points despite faster revenue.
China: The $108bn guide assumes no Data Center compute revenue from China.
Working capital: Receivables and inventory expanded materially since January; slower collections or demand would expose both.
Market test: The premarket gain equals 3.9× one quarter of revenue. Thursday's regular session will test whether that repricing holds.
Alphabet Slides 1.2% as Waymo’s Munich Ambition Faces $1.8 Billion Loss Benchmark
Waymo is set to start mapping Munich in the coming weeks as it prepares for a commercial rollout by late 2027. This marks Alphabet's expansion of its robotaxi initiative outside its current 11 U.S. urban locations.
Google Trend: goog · NASDAQ: GOOG
Waymo adds Munich while Alphabet's loss burden grows
The city count is rising faster than disclosed economics. Investors now need evidence that paid rides can narrow Other Bets' widening loss.
Market data: Aug. 27, 2026
05:30 EDT · premarket
05:30 EDT · premarket
GOOG premarket
$337.49
−$1.61 · −0.47%
After Wednesday's $339.10 close
Wednesday move
−1.23%
About $51.7B of market value erased
Paid rides
500K+
Weekly Waymo commercial rides
Other Bets Q2 loss
$1.80B
4.71 times segment revenue
Why the stock is down despite expansion
Munich is strategically useful, but Waymo gave no fleet size, price, capital budget or expected revenue. The planned public opening is still more than a year away.
Other Bets revenue grew only 2.4% year over year. Its operating loss widened 44.4%. The market move cannot be assigned solely to Waymo, but the disclosure adds no near-term earnings support.
Munich launch card
| Item | Current fact |
|---|---|
| Stage | Mapping begins within weeks |
| Testing | Manual mapping, then trained safety specialists |
| Commercial target | Public robotaxi service by late 2027 |
| Regulation | Local, Bavarian and federal approvals required |
| Operating footprint | 11 U.S. cities today; Munich would be first German market |
| Economics disclosed | No fleet, price, capex or revenue forecast |
Investor bridge: rides, revenue and loss
| Measure | Current figure | Investor read |
|---|---|---|
| Cumulative Waymo trips | 20M+ | Commercial scale is proven |
| Weekly commercial rides | 500K+ | 26M+ annualized ride volume |
| Illustrative revenue run rate | $468M | 500K rides × $18 assumed fare × 52 weeks |
| Other Bets Q2 revenue | $382M | Up $9M, or 2.4%, year over year |
| Other Bets Q2 operating loss | $1.799B | Up $553M, or 44.4% |
Waymo does not report standalone revenue or margin. The $18 fare is an explicit scenario, not company guidance.
Stock and valuation
Market value$4.15TAug. 27, 05:30 EDT
P/E17.0×Trailing earnings
Avg. volume19.31MGoogle Finance
Waymo remains too small to explain Alphabet's valuation alone. Its importance lies in optionality and future capital intensity.
Analyst expectations
Ratings11 Buy1 Hold · 0 Sell
Average target$430.70+27.0%
Target range$379–$475Last three months
Consensus from 12 analysts shown by Google Finance on Aug. 27, 2026.
Scale versus profitability
| Scenario | Annual ride revenue | Versus annualized Other Bets loss |
|---|---|---|
| $15 average fare | $390M | 5.4% |
| $18 average fare | $468M | 6.5% |
| $20 average fare | $520M | 7.2% |
| Annualized Q2 Other Bets loss | $7.20B | 100% |
Scenarios use 500,000 weekly rides. They exclude discounts, partner shares and costs.
Catalyst timeline
Q2 2026
Other Bets posts $382M revenue and a $1.799B operating loss.
Aug. 25
Waymo announces Munich as its first German market.
Weeks
Manual mapping starts across Munich streets.
Next
Supervised autonomous testing and regulatory review.
Late 2027
Target for public commercial ride-hailing service.
What could change the valuation
| Driver | Positive evidence | Pressure point |
|---|---|---|
| Utilization | More paid trips per vehicle | Idle fleet raises cost per mile |
| Pricing | Fare premium holds in new cities | Discounting limits revenue per ride |
| Capital | Partners fund vehicles and depots | Alphabet absorbs expansion costs |
| Regulation | Munich approvals arrive on schedule | Testing or launch slips beyond 2027 |
| Disclosure | Waymo reports standalone economics | No clear path from rides to margin |
Source trail
All time-sensitive figures carry their source timestamp. Scenario estimates are not company guidance.
Meta Shares Rise 1.1%, Market Cap Increases by $13.5 Billion Following $18 Billion Child-Safety Resolution
Menlo Park, August 27, 2026, 04:32 - Meta Platforms saw its share price advance by 1.1% and its valuation climb by $13.5 billion after it settled a major child-safety case for $18 billion.
D-Wave Quantum Shares Slide 9.5%, Wiping Out $679 Million as CFO Steps Down
D-Wave Quantum Inc. shares dropped 9.51% on Wednesday following news of the chief financial officer's retirement. The stock ended the session at $17.51, before climbing 2.11% to $17.88 in after-hours trade at 19:59 EDT.
D-Wave Quantum: CFO-transition selloff
NASDAQ:QBTS • company stock move
Market data: Aug. 26, 2026, 19:59 EDT
Prepared: Aug. 27, 2026, 10:38 CEST
Prepared: Aug. 27, 2026, 10:38 CEST
Regular close
$17.51
−9.51% • −$1.84
After hours
$17.88
+2.11% • +$0.37
Value erased
$679M
Estimated on 369.26M shares
Net unrecovered
$543M
After $137M late rebound
Price path
The after-hours recovery replaced about 20% of the regular-session equity-value loss.
Trading pressure
Volume
26.53M
109% of 65-day average (24.33M)
Distance from 52-week high
−62.5%
Range: $12.75–$46.75
Governance timeline
Aug. 19Markovich gives notice
Aug. 25Retirement announced
Aug. 26Shares fall 9.51%
Sep. 2Golkov becomes acting CFO
The SEC filing says the resignation was not caused by a disagreement over operations, accounting, disclosures or controls.
Financial execution test
| Q2 revenue | $3.1M |
| Q2 GAAP operating expenses | $55.0M |
| Q2 adjusted EBITDA loss | $37.1M |
| First-half bookings | $35.5M |
| Remaining obligations | $40.7M |
| Cash + securities | $546.2M |
The $543M unrecovered value equals 15.3× first-half bookings and roughly 175× quarterly revenue.
Quantum peer snapshot — Aug. 26 close
| Company | Close | Move | Market cap |
|---|---|---|---|
| D-Wave | $17.51 | −9.51% | $6.52B |
| IonQ | $40.03 | −4.83% | $14.72B |
| Rigetti | $15.94 | −5.87% | $5.31B |
| Quantum Computing | $8.35 | −1.24% | $1.88B |
Analyst expectations
Buy
Mean recommendation • 17 analysts
Low $22Average $35.24High $43The average target is 101% above the $17.51 close. Targets are estimates, not guarantees.
What can break the case
Large system contracts make revenue recognition uneven. First-half bookings included one $20 million sale. A slower conversion of the $40.7 million obligation balance, continued operating-cost growth, or another finance-management change would increase valuation pressure. Continuity on September 2 is the next confirmed governance checkpoint.
Boston Scientific Drops 3.4%, $2.5 Billion Value Lost Following Global Cyberattack
MARLBOROUGH, Massachusetts, August 27, 2026, 04:10 – Shares in Boston Scientific slid 3.4%, wiping out $2.5 billion in market value, after the company was affected by a worldwide cyberattack.
Boston Scientific · NYSE:BSX
Cyberattack investor dashboard
Order processing and customer shipments disrupted worldwide
Market data: August 26, 2026 close, EDT
Premarket: August 27, 2026, 04:01 EDT
Premarket: August 27, 2026, 04:01 EDT
Official close
$48.17
−$1.69 · −3.39%
Premarket
$48.40
+$0.23 · +0.48%
04:01 EDT, Aug. 27
Volume
36.56M
1.73× three-month average
Value erased
≈$2.49B
$1.69 × 1.4748B diluted shares
The market repriced restoration risk
The close recovered 2.71% from the intraday low but remained 3.39% below the prior close.
Q3 sales exposure: scenario, not forecast
Guided midpoint $5.268B
× Evercore growth-impact scenario 6%–7%
= $316M–$369M
× Evercore growth-impact scenario 6%–7%
= $316M–$369M
Evercore’s estimate is a 600–700 basis-point hit to third-quarter revenue growth. Boston Scientific has not quantified an impact.
Why the $2.49B selloff is notable
6.8×–7.9×
The estimated equity-value loss divided by the $316M–$369M sales scenario.
The gap prices more than deferred sales. It also reflects uncertainty around margins, remediation, customers, regulation and data exposure.
Operating baseline before the attack
| Metric | Latest figure | Growth / margin | Investor signal |
|---|---|---|---|
| Q2 2026 net sales | $5.442B | +7.5% reported | Growth exceeded Q3’s 3%–5% guide |
| Cardiovascular sales | $3.624B | +8.3% | 66.6% of Q2 revenue |
| MedSurg sales | $1.818B | +5.9% | 33.4% of Q2 revenue |
| Gross profit | $3.848B | 70.7% margin | Expedited freight or remediation could pressure margin |
| Adjusted EPS | $0.86 | FY guide $3.28–$3.32 | Guidance risk depends on restoration time |
Valuation and expectations
| Market capitalization | $69.81B |
| Trailing P/E | 20.2× |
| Forward P/E | 15.2× |
| Enterprise value / revenue | 4.02× |
| Average analyst target | $62.69 |
| Implied upside to close | 30.1% |
Valuation metrics were reported as of August 25; market capitalization uses the August 26 close. Consensus target: 31 analysts.
Peer-session context
August 26 official closes. The wider BSX decline points to company-specific incident risk.
Risks still unpriced precisely
Restoration Deferred sales Data exposure RegulationThe company has not identified the attacker, disclosed whether protected information was accessed, or estimated the financial impact. Longer disruption could add freight, remediation and support costs.
Comparable event
≈1 month
Stryker’s March 2026 attack disrupted order processing, manufacturing and shipping. Most manufacturing returned in about two weeks; full restoration followed roughly one month after detection. Stryker later expected no material 2026 guidance impact.
SolarEdge shares surge 10.7%, market value climbs $197 million after FCC inverter initiative
MILPITAS, California, August 27, 2026, 00:05 — SolarEdge Technologies stock jumped 10.7%, boosting its market capitalization by $197 million, following the company's wager on FCC-certified inverters.
SolarEdge Technologies · NASDAQ:SEDG
FCC inverter restrictions meet a still-uneven recovery
Market snapshot: August 26, 2026, 20:15 EDT (August 27, 00:15 UTC). Fundamentals: quarter ended June 30, 2026.
August 26 close
$33.08 +10.71%
SolarEdge added about $197 million in quoted value. Volume reached 6.53 million shares, or 2.1× the three-month average.
Why investors moved
UBS upgraded SEDG to Buy and lifted its target to $42. The broker says FCC restrictions touch more than half the U.S. inverter market, creating a share, pricing and margin opening for U.S.-made products.
$2.02BMarket cap · Aug. 26, 20:15 EDT
$42UBS target · Aug. 26
27.0%Upside to UBS target
Hold25-analyst consensus · Aug. 26
Quarterly recovery
RevenueGross margin: 11.1% → 27.5%
Q3 midpoint is 6.1% below Q2. Guided gross margin is 22%–26%.
UBS forecast reset
| Measure | Old | New | Change |
|---|---|---|---|
| Price target | $36 | $42 | +16.7% |
| 2027 adj. EBITDA | $101M | $110M | +8.9% |
| 2028 adj. EBITDA | $173M | $190M | +9.8% |
The $197 million one-day value gain equals 1.79× UBS's 2027 estimate and 1.04× its 2028 estimate.
Operating signals
| Q2 revenue | $346.2M | +19.6% YoY |
| Q2 gross margin | 27.5% | +16.4 pts YoY |
| Battery shipments | 426 MWh | +104% YoY |
| Inverter shipments | 62,600 | -27.4% YoY |
| Free cash flow | $3.1M | Q2 2026 |
| Cash / inventory | $527M / $600M | June 30 |
U.S. solar peer tape
| Company | Price | Day | Market cap |
|---|---|---|---|
| SolarEdge | $33.08 | +10.74% | $2.02B |
| Shoals | $7.31 | +6.10% | $1.24B |
| Enphase | $38.42 | +2.78% | $5.19B |
| First Solar | $205.93 | -0.48% | $22.19B |
Latest available quotes: August 26, 2026, 20:15 EDT.
Analyst range
$39.15 average target implies 18.4% upside. The range spans $24 to $100. UBS's $42 target sits 7.3% above the mean.
Consensus snapshot: August 26, 2026.
What breaks the thesis
FCC implementation may be delayed, narrowed or exempt products. Financing costs can restrain residential installations. SolarEdge also must reduce inventory while defending price and converting U.S. capacity into profitable volume.
Apple Shares Rise 1.2%, Increasing Value by $52 Billion Ahead of September 9 Event
Apple Inc. stock climbed 1.15% on Wednesday, with the company announcing September 9 as the date for its upcoming Apple Event. The increase of $3.55 per share boosted its market capitalization by roughly $51.8 billion, given the 14.59 billion shares in circulation.
AAPL · Event catalyst
Apple’s September 9 event puts a $54 billion quarterly franchise on stage
Market data: Aug. 26, 2026, 4:00 p.m. EDT
After hours: 7:59 p.m. EDT
After hours: 7:59 p.m. EDT
Regular close
$313.45
+$3.55 · +1.15%
Quoted value added
$51.8B
14.59B shares × $3.55
After hours
$311.78
-$1.67 · -0.53%
Forward P/E
33.8×
High launch-execution hurdle
Latest quarterly revenue mix
Fiscal Q3 ended June 27, 2026Total revenue $109.42B
Catalyst clock
John Ternus becomes CEO; Tim Cook moves to executive chairman.
“Surprise and shine” Apple Event, 10:00 a.m. PDT / 1:00 p.m. EDT.
Watch pricing, order timing and confirmation—or absence—of a foldable iPhone.
Event time confirmed by Apple. Product expectations are reported, not company-confirmed.
What the market is pricing
Market capitalization$4.57T
Analyst consensusBuy
Average target$326.34
Upside to average target4.1%
Target range$215–$400
Wednesday’s $51.8 billion gain equals 95.5% of one quarter’s iPhone revenue. The launch must improve mix or extend the upgrade cycle to justify that scale.
Margin and activity checks
Company gross margin50.1%
Products gross margin40.1%
Services gross margin75.6%
Regular volume34.02M
Volume vs. 65-day average61%
52-week price change+38.0%
Quarterly margins calculated from Apple’s filing. Stock statistics checked Aug. 26, 2026.
Investor scorecard
| Question | Evidence now | What changes the thesis |
|---|---|---|
| Can the event expand premium mix? | iPhone revenue rose 21.7% year on year. | Higher opening price with credible shipment scale. |
| Can hardware protect margins? | Products carried a 40.1% gross margin; tariff refunds lifted total margin. | Supply, yield and component-cost disclosures. |
| Is a foldable material? | IDC estimate cited by Reuters: over 17M units by 2027. | Apple confirmation, price and availability. |
| Does valuation allow disappointment? | 33.8× forward earnings; average target offers 4.1% upside. | Stronger upgrade evidence or higher estimates. |
Risk map
Execution: A rumored foldable could be delayed, expensive or supply-constrained. Demand: Premium pricing may meet weaker global smartphone demand. Margin: High component costs could absorb the benefit of a richer mix. Expectation: The shares already gained $51.8 billion before Apple disclosed any product details.
Sources: Apple event page and fiscal Q3 filing; Reuters reporting dated Aug. 26, 2026; S&P Global estimates via StockAnalysis. Dollar figures are U.S. dollars. Calculations may differ from rounded reported values.
NuScale Power Shares Drop 5.5% Amid Nuclear AI Savings Uncertainty
Shares of NuScale Power Corporation dropped 5.50% on Wednesday. The decline pulled back nearly all of the previous session’s AI-driven increase. The move also underscored a significant valuation challenge: accelerated engineering has not yet translated into customer revenue.
NuScale Power Corporation · NYSE:SMR
Nuclear AI meets the commercialization gap
Market data: August 26, 2026, 16:00 EDT
After hours: 19:59 EDT
After hours: 19:59 EDT
Regular close
$9.27
−5.50% · range $9.06–$10.26
After hours
$9.36
+1.02% at 19:59 EDT
Trading activity
51.88M
1.35× recent average volume
Quoted value
$3.98B
429.72M shares outstanding
Two-session market-value bridge
Calculation: daily price change × 429.72 million shares. Tuesday added $0.76 per share; Wednesday removed $0.54.
AI claim versus reported economics
Technical retrieval timeUp to −80%
Quantified cost savingsNot disclosed
Q2 revenue$75K
Q2 R&D expense$18.43M
Q2 operating loss$64.00M
Financial signals
Revenue, year over year−99.1%
R&D, year over year+56.2%
Operating loss, year over year+48.6%
June liquidity$1.9B
First-half operating cash use$372.9M
First-half stock issuance$984.5M
Advanced-nuclear tape
| Company | Close | Aug. 26 | Revenue signal | Risk profile |
|---|---|---|---|---|
| NuScale Power | $9.27 | −5.50% | $75K Q2 | Pre-commercial |
| Oklo | $41.60 | −6.03% | $1.21M TTM | Early revenue |
| NANO Nuclear | $18.50 | −3.85% | $214K TTM | Development |
| BWX Technologies | $153.16 | +2.29% | $3.51B TTM | Profitable supplier |
Prices as of 16:00 EDT. BWXT rose after a fresh U.S. Army reactor selection; the early-stage developers fell.
Wall Street and valuation
Hold
6 Buy · 9 Hold · 2 Sell
$12.59
Average target · +35.8% vs close
$6–$20
Low-to-high target range
FactSet consensus as displayed August 26, 2026. Targets are estimates, not guarantees.
Catalyst timeline
Aug. 25Nuclear-specific AI deployment announced; proof of concept reports up to 80% faster retrieval.
Aug. 26SMR closes down 5.50% on 51.88 million shares.
Commercial gateBinding TVA power-purchase agreement remains under discussion with ENTRA1.
Next estimateThird-quarter results expected around Nov. 5; company has not confirmed the date.
Investor read-through
The 80% retrieval-time claim targets engineering productivity and schedule risk. It does not yet quantify lower R&D spending, faster licensing or contract revenue. The balance sheet extends the runway, but binding customer commitments remain the decisive valuation bridge.
Risks: Proof-of-concept results may not scale. Nuclear licensing, customer financing, manufacturing capacity, partner execution and dilution can overwhelm workflow savings.
SpaceX Shares Gain 1.2% After $100 Billion Louisiana Starbase Valued at Par With Company Cash
Shares in SpaceX advanced on Wednesday following the announcement of a $100 billion Louisiana spaceport. Space Exploration Technologies Corp. finished the session at $139.63, up 1.22%.
NASDAQ: SPCX · product/commercial catalyst
$100B Starbase meets a $100B cash pool
The Louisiana plan can expand Starship capacity across launch, Starlink and orbital AI. The valuation question is how SpaceX phases a project equal to all second-quarter liquidity.
Regular close: Aug. 26, 2026, 16:00 EDT
After-hours quote: Aug. 26, 16:36 EDT
Dashboard: Aug. 26, 19:58 EDT
After-hours quote: Aug. 26, 16:36 EDT
Dashboard: Aug. 26, 19:58 EDT
Regular close · Aug. 26
$139.63
+$1.68 · +1.22%
After hours · 16:36 EDT
$139.05
−0.42% from close
Regular volume · Aug. 26
56.1M
Yahoo Most Active
Closing market value
≈$1.84T
Project equals 5.4%
Capital scale
Project spending is a total plan, not a disclosed one-year budget. Liquidity and backlog are as of June 30, 2026.
Louisiana buildout
Investment$100B
Site125,000 acres
Launch complexes5
Planned pads10
Construction target2027
First-launch target2029
Q2 2026 financial base
Total revenue$7.81B
Year-over-year growth+92%
Adjusted EBITDA$3.54B
Net result−$541M
Total capex$18.37B
Cash + securities$100B
Space segment
Q2 revenue$962M
Revenue growth+29%
Operating result−$542M
Adjusted EBITDA−$205M
Q2 capex$1.17B
H1 launches78
Commercial channels
Connectivity revenue$4.29B
Starlink subscribers12.0M
AI revenue$2.56B
Government awards>$6B
Total backlog$47.5B
Next resultsNov. 5, 2026
Analyst expectations · Aug. 26 close
ConsensusModerate Buy
Tracked ratings41
Buy / Hold / Sell27 / 8 / 6
Average target$220.20
Close is 63.4% of the average target; implied upside is 57.7%.
Target range$75–$800
Stock map · Aug. 26 close
| Reference | Price | Distance |
|---|---|---|
| 52-week high · June 16 | $225.64 | −38.1% |
| Average analyst target | $220.20 | +57.7% |
| Aug. 26 close | $139.63 | Base |
| IPO price · June | $135.00 | +3.4% |
| 52-week low · Aug. 3 | $104.83 | +33.2% |
Investor bridge
Louisiana expands Starship launch capacity for three revenue engines: external launch services, Starlink deployment and orbital AI infrastructure. The $100 billion headline equals all June liquidity and 3.5 times first-half capex.
Starship cadenceStarlink capacityAI satellitesExecution risks
No annual spending schedule, financing plan or return target was disclosed. Starship reusability, permits, wetland mitigation and launch demand must advance before the campus can earn a return.
engineeringregulationcash burnenvironmentProject checkpoints
| Checkpoint | Timing | What investors need |
|---|---|---|
| Phased budget | Not disclosed | Annual cash use, debt and partner funding |
| Permits and wetlands plan | Pre-construction | Schedule certainty and mitigation cost |
| Construction start | Expected 2027 | Evidence the plan is funded and active |
| Starship scale-up | Ongoing | Reliability, reusability and lower launch cost |
| First Louisiana launch | Targeted 2029 | Capacity begins supporting revenue channels |
Sources: Louisiana Economic Development’s Aug. 25 announcement; SpaceX Q2 2026 results; Reuters; WSJ delayed quote; Yahoo Finance Most Active; MarketBeat analyst record. Calculations use the Aug. 26 regular close and approximately $1.84 trillion quoted market value.
Oracle Shares Rise 2.8%, Market Value Grows by $12 Billion as Citi Highlights Key Catalysts Over Next 90 Days
New York, August 26, 2026, 19:49 – Oracle shares climbed 2.8%, increasing the company’s market capitalisation by $12 billion after Citi pointed to catalysts expected within the next 90 days.
Oracle: a $12 billion relief rally
Market snapshot: August 26, 2026, 19:49 EDT (August 27, 01:49 CEST). Regular-session figures unless noted.
Close
$148.87
+2.84%
Latest regular session
Value added
≈$12.0bn
Estimated from current shares
Market value
$433.5bn
August 26 close
Volume
18.4m
≈57% of recent average
The drawdown still dominates
Citi's 90-day setup
$330 target
+121.7% versus Wednesday's close
Forced selling may be fading.Credit spreads need to stabilize.At-the-market issuance remains a dilution test.Cloud delivery must turn backlog into billed revenue.
Fiscal 2026 growth engine
| Metric | Value | Growth |
|---|---|---|
| Total revenue | $67.4bn | +17% |
| Total cloud | $34.0bn | +39% |
| Cloud infrastructure | $18.1bn | +77% |
| Cloud applications | $15.9bn | +11% |
| RPO | $638bn | +363% |
RPO equals about 9.5 times annual revenue, but converts over several years.
Cash-flow bridge
| Operating cash flow | $32.0bn |
| Capital expenditure | −$55.7bn |
| Free cash flow | −$23.7bn |
| FY26 debt raised | $43bn |
| FY26 equity raised | $5bn |
| Planned FY27 financing | ≈$40bn |
Planned FY27 financing includes a previously announced $20bn at-the-market equity program.
Large-cap software and cloud tape
| Company | Close | Daily move | Market value | P/E |
|---|---|---|---|---|
| Oracle | $148.87 | +2.84% | $433.5bn | 26.7× |
| Microsoft | $496.37 | +0.91% | $3.70tn | 29.5× |
| Alphabet | $342.00 | −1.40% | $4.18tn | 17.2× |
| SAP ADR | $211.68 | −2.45% | $247.1bn | — |
August 26 U.S. close; latest trade timestamps ranged from 19:15 to 19:38 EDT.
Analyst range
$263.97
Average target across 39 analysts tracked by MarketBeat.
| Low | $145 |
| Average | $263.97 |
| High | $400 |
| Average implied upside | 77.3% |
What moved attention
August 26
Citi opened a positive 90-day catalyst watch. Oracle also held a financial analyst meeting at 10:45 CT.
Next 90 days
Investors will test cloud-capacity delivery, financing costs and signs that the historic selloff is losing force.
Investor scorecard
Backlog conversion: growth in cloud revenue versus the $638bn RPO balance.Capacity: new data-center and GPU deployment milestones.Cash: capital spending against operating cash generation.Funding: debt spreads, equity issuance and credit-rating pressure.
Risk register
| Risk | Investor transmission | Watch point |
|---|---|---|
| Build delays | Defers contracted revenue | Capacity delivery |
| Negative cash flow | Raises external-funding needs | Capex and OCF |
| Equity issuance | Dilutes existing holders | $20bn ATM program |
| Credit pressure | Increases financing costs | Spreads and ratings |
| Customer concentration | Raises contract and renewal sensitivity | RPO mix |
Sources: Oracle investor relations, Citi commentary reported August 26, Yahoo Finance, MarketBeat and consolidated U.S. market data. Market-value changes and peak-value gaps are estimates using the current implied share count; rounding may create small differences.
Lantronix Shares Surge 12.5% After Market as Unmanned Systems Set Sights on 15%–20% of Revenue
IRVINE, August 26, 2026, 18:49 – Lantronix shares climbed 12.5% in after-hours trade as the company reported its unmanned systems segment is on track to account for 15%–20% of total sales.
NASDAQ: LTRX · Post-earnings monitor
Lantronix investor dashboard
Market data: August 26, 2026, 18:49 EDT (00:49 CEST). Financials: quarter and year ended June 30, 2026.
After-hours price
$6.37
+$0.71 · +12.5% from close
Net daily move
+8.7%
Versus August 25 close of $5.86
Value added
≈$23.8M
$0.51 × 46.59M shares
Regular volume
2.14M
August 26 regular session
What changed after the close
The 12.5% after-hours jump more than offset the regular-session decline. The combined gain was $0.51, or 8.7%, from Tuesday's close.
Quarter and near-term guide
Q4 revenue$31.2M · +8% YoY
Q4 adjusted gross margin44.1% · +350 bps
Q4 GAAP / adjusted EPS−$0.01 / $0.04
Q1 FY27 revenue guide$31M–$33M
Q1 FY27 adjusted EPS$0.04–$0.06
Fiscal 2026 revenue mix
+15.6%Embedded YoY
−15.2%Systems YoY
+15.6%Software YoY
Unmanned systems: the rerating case
| Signal | FY26 actual | FY27 target / context |
|---|---|---|
| Revenue | $12.6M | 15%–20% of total revenue |
| Share of company sales | 10.4% | +4.6 to +9.6 points |
| Active engagements | >30 | About 10 at FY26 start |
| Equity value added | ≈$23.8M | 1.9× FY26 unmanned revenue |
The valuation calculation uses the $0.51 gain from the August 25 close and 46.59 million year-end shares.
Balance sheet and dilution
| Metric | June 2026 | June 2025 | Change |
|---|---|---|---|
| Cash | $60.5M | $20.1M | +$40.4M |
| Debt | $0 | $11.8M | Eliminated |
| Shares outstanding | 46.59M | 39.10M | +19.2% |
| GAAP net loss | $4.2M | $11.4M | 63.2% narrower |
Acquisition signal
Vecima Industrial IoT / NeroExpected annual revenue$5.3M
Expected recurring revenue$4.5M
Managed tracking tags≈125,000
Pro forma software mix>10%
Analyst expectations
ConsensusModerate Buy
Analysts7
Average target$10.40
Range$8–$12
Upside from $6.3763.3%
Published consensus before post-results revisions; checked August 26, 2026.
What investors should test next
Growth proofQ1 revenue at or above $32M midpoint
Mix proofUnmanned systems approaching 15%–20%
Quality proofGross margin holds near recent gains
Legacy dragIoT Systems decline stabilizes
Risk monitor
Long drone qualification cycles can delay revenue, while project timing makes quarterly orders uneven. Rising memory costs could compress margins. Acquisition integration and further share issuance would weaken per-share gains. The central invalidation signal is failure to convert more than 30 engagements into volume shipments while legacy systems revenue continues to fall.
Sources: Lantronix fiscal Q4/FY2026 release and earnings call; Yahoo Finance market data; MarketBeat analyst consensus. Non-GAAP measures exclude items defined by Lantronix and are not substitutes for GAAP results.
Marvell Shares Jump 3.6% After Hours; Options Market Signals $22 Billion Earnings Move
SANTA CLARA, California, August 26, 2026, 18:04 – Marvell Technology stock gained 3.6% in after-hours trading, with options traders positioning for an anticipated $22 billion swing tied to the company’s upcoming earnings release.
NASDAQ:MRVL · Company · Stock move
Marvell: a $22 billion earnings hinge
Market snapshot: August 26, 2026, 18:03:50 EDT
After hours +3.62%
After-hours price
$253.97
+$8.86 from the close
Value added after close
≈$8.0B
Implied market cap ≈$228.2B
Options move
±10%
≈$22.0B from closing value
Q2 revenue consensus
$2.71B
About +35% year over year
Price path
Regular close: August 26 at 16:00:01 EDT. After-hours quote: 18:03:50 EDT. Total gain from the prior close: 5.65%.
What options are pricing
From the after-hours price, the options upper bound offered 6.2% upside. The lower bound represented 13.1% downside. The skew shows how Wednesday’s late rally consumed much of the bullish move.
Recent options signal published August 24, 2026; range recalculated from the August 26 closing price.
Fiscal Q2 setup
| Metric | Expectation / guide | Change |
|---|---|---|
| Revenue consensus | $2.71B | ≈+35% YoY |
| Adjusted EPS consensus | $0.93 | +38.8% YoY |
| Company revenue guide | $2.70B ±5% | +11.7% QoQ midpoint |
| Adjusted EPS guide | $0.93 ±$0.05 | $0.88–$0.98 |
| Non-GAAP gross margin | 58.25%–59.25% | 58.9% in Q1 |
| Diluted share count | 915M expected | Company guide |
Prior-quarter base
Q1 revenue growth
+28%
Q2 expected growth
+35%
Q1 non-GAAP GM
58.9%
Fiscal Q1 revenue was a record $2.418 billion. Non-GAAP net income reached $718 million, while operating cash flow hit a record $638.8 million.
The key test is conversion: exceptional AI bookings must become revenue without pushing gross margin below the guided range.
Valuation and analyst bar
| Measure | Value | Read-through |
|---|---|---|
| Trailing P/E | 84.2× | Premium leaves little room for a weak guide |
| Closing market cap / Q2 revenue | 81.3× | One quarter, not an annual multiple |
| Annualized Q2 price/sales | ≈20.3× | Assumes the quarter repeats |
| Yahoo one-year target | $266.36 | +4.9% from after-hours price |
| Susquehanna target | $265 | Positive; +4.3% from after hours |
| Rosenblatt target | $300 | Buy; +18.1% from after hours |
Price, P/E and consensus-target snapshot: August 26, 2026, 18:03:50 EDT. Fresh brokerage targets were reported August 25.
Google agreement: revenue versus dilution
Potential sales
Up to $120B
Warrant shares
58.97M
Q2 share dilution
6.4%
Google can buy the warrant shares at $206.58. Most vest only when product-purchase thresholds are met through fiscal 2033. Dilution is therefore tied to sales conversion.
Peer valuation at the August 26 close
| Company | Session move | Trailing P/E |
|---|---|---|
| Marvell | +1.97% | 84.2× |
| Nvidia | −1.52% | 31.9× |
| Broadcom | −0.33% | 97.6× |
| AMD | +0.36% | 123.6× |
Marvell sits between Nvidia and higher-multiple custom-compute peers. Its earnings must validate optical-networking growth and the custom-silicon pipeline.
Peer close data retrieved August 26, 2026, 17:52 EDT.
Thursday checklist
- Fiscal-year revenue guidance and any raise.
- Optical-interconnect sequential growth.
- Custom XPU and Google-linked revenue timing.
- Gross margin versus the 58.25%–59.25% range.
- Operating cash conversion after the Q1 record.
- Celestial AI and XConn acquisition contribution.
Risk map
Expectations: An in-line quarter may not support the multiple.
Margin: Memory and optical-component costs can compress profitability.
Execution: Custom silicon ramps require long design and qualification cycles.
Dilution: Google warrants equal 6.4% of guided diluted shares.
Tape: Regular volume was only 39% of the three-month average.
Next confirmed catalyst
Fiscal Q2 2027 results and conference call — August 27, 2026, 16:45 EDT. The market will compare any guidance raise with a $228 billion implied after-hours valuation and the 10% options move.
Sources: Yahoo Finance · Marvell Q1 results · Marvell event notice · Investopedia · Reuters
Nutanix Shares Rise 7.2% With Market Value Up $1.27 Billion After FY2027 Guidance Maintained
Nutanix Inc. shares rose 7.2% in after-hours trading on Wednesday. The hybrid-cloud firm surpassed analyst forecasts for both revenue and profit in the quarter.
NASDAQ: NTNX · Earnings reaction
Nutanix investor dashboard
Market data: Aug. 26, 2026, 17:22 EDT
Financials: quarter ended July 31, 2026
Financials: quarter ended July 31, 2026
After-hours price
$70.10
+$4.71 · +7.20%
Equity value added
$1.27B
Estimated from 270.32M shares
Trading activity
4.66M
1.88× 2.48M average volume
52-week position
74%
$34.01 low · $82.42 high
Quarterly surprise
| Metric | Actual | Consensus | Beat |
|---|---|---|---|
| Revenue | $757.1M | $738.3M | +$18.8M |
| Adjusted EPS | $0.60 | $0.49 | +$0.11 |
Growth and margin
Q4 FY2025Q4 FY2026
Operating scoreboard
| Metric | Q4 FY26 | Q4 FY25 | Change |
|---|---|---|---|
| Revenue | $757.1M | $653.3M | +16% |
| ARR | $2.55B | $2.20B | +16% |
| Adj. gross margin | 87.7% | 88.3% | −60 bps |
| Adj. operating margin | 26.2% | 18.3% | +790 bps |
| Free cash flow | $277.6M | $207.8M | +34% |
Fiscal 2027 guide
Revenue$3.18B–$3.23B
Midpoint growth12.5%
Adj. operating margin24%–25%
Free cash flow$850M–$950M
Q1 revenue$755M–$765M
Q1 adj. operating margin26%–28%
Implied market cap
$18.95B
At $70.10 after hours
FY27 sales multiple
5.9×
Using $3.205B midpoint
FY27 FCF multiple
21.1×
Using $900M midpoint
Analyst setup
Moderate Buy
18 ratings · $64.21 mean target before results
What moved the stock
Revenue exceeded consensus by 2.5%. Adjusted operating margin expanded 790 basis points. ARR kept pace with quarterly revenue at 16% growth. Fiscal-2027 guidance preserved double-digit sales growth while keeping adjusted operating margin near one quarter of revenue.
Risk monitor
Adjusted gross margin fell 60 basis points. Server supply constraints can delay deployments and cash collection. The after-hours price already exceeds the pre-report average analyst target. Extended-hours liquidity can exaggerate moves.
Sources: Nutanix fiscal Q4/FY2026 release; MarketBeat earnings estimates and analyst consensus; StockAnalysis after-hours quote and share data. Valuation figures are calculated estimates. Prices and volume are time-sensitive.
Veeva shares climb 8.2%, market value up $3.3 billion after AI-driven sales boost forecast
PLEASANTON, California, August 26, 2026, 17:41 EDT — Veeva Systems advanced 8.2%, adding $3.3 billion in market capitalization, after the company raised its sales outlook on the back of increasing demand for its artificial intelligence products.
NYSE: VEEV · Company stock move
AI and life-sciences cloud growth lift Veeva
Fiscal Q2 2027 earnings · closed market / after-hours reaction
Price snapshot: August 26, 2026, 17:40:48 EDT
Results and guidance: August 26, 2026
Results and guidance: August 26, 2026
After-hours price
$265.09
vs. $244.91 regular close
After-hours move
+8.24%
+$20.18 per share
Implied value added
≈$3.28B
162.44M shares × $20.18
Q2 revenue
$928.0M
+18% year over year
Quarterly operating scorecard
Q2 FY2026Q2 FY2027
Investor bridge
The after-hours value gain is about twice Veeva’s $1.6 billion annual adjusted operating-cash-flow guide.
FY2027 guidance reset
| Metric | Prior | New | Change |
|---|---|---|---|
| Revenue midpoint | $3.640B | $3.6845B | +$44.5M |
| Adjusted operating income | ≈$1.610B | ≈$1.640B | +$30M |
| Adjusted EPS | ≈$9.05 | ≈$9.21 | +$0.16 |
| Adjusted operating cash flow | — | ≈$1.600B | 43% margin |
Revenue mix and product signals
| Signal | Latest | Growth / status |
|---|---|---|
| R&D and Quality subscription | $419.4M | +19% |
| Commercial subscription | $347.4M | +13% |
| Vault CRM customers live | >180 | 5 top-20 live |
| Top-20 CRM commitments | 12 of 20 | 2 added in August |
| Falcon early adopters | 5 | Initial go-lives due in 2026 |
Street positioning
30 ratingsOverweight consensus16 Buy5 Overweight8 Hold1 Sell| Average target | $251.04 · 5.6% below |
| Median target | $266 · 0.3% upside |
| Target range | $165–$340 |
| Pre-report FY2027 EPS estimate | $9.06 |
| New company EPS guide | $9.21 |
Analyst snapshot dated August 26, 2026; comparisons use the 17:40:48 EDT after-hours price.
Risk monitor
- Growth cadence: Q3 revenue guidance implies roughly 15%, below Q2’s 18%.
- Valuation: the stock traded above the pre-report average target.
- CRM conversion: eight top-20 biopharma decisions remain outside the disclosed commitments.
- Operating exposure: competition, security failures or weaker drug funding could delay deployments.
- Cash timing: quarterly GAAP operating cash flow was nearly flat year over year.
Synopsys Shares Drop 2.8%, Wiping Out $2.2 Billion After Upgraded AI-Driven Outlook
SUNNYVALE, California, August 26, 2026, 17:27 — Synopsys slipped 2.8%, losing $2.2 billion in market value, after the company raised its forecast bolstered by AI-related business.
NASDAQ: SNPS · Company · Stock move · Earnings
Synopsys: a beat, a raise, and a $2.2B valuation warning
AI demand strengthened the numbers. The after-hours tape said the size of the raise still mattered.
August 26, 2026
17:31 EDT · After hours
17:31 EDT · After hours
After-hours price
$398.65
−2.77% · −$11.35
Regular close: $410.00
Equity value erased
$2.17B
After-hours
191.48M shares × $11.35
Q3 revenue
$2.477B
+42.4% YoY
1.6% above consensus
Adjusted EPS
$3.91
+6.5% vs estimate
$3.67 consensus · $3.39 YoY
The market's message
The quarter beat. The forecast raise was modest.The annual revenue midpoint increased by roughly $45M, or 0.47%. At about 95× trailing earnings, a small upgrade left little room for upside surprise.
Regular closePost-earnings move
Trading snapshot
Regular range$403.54–$419.60
Volume2.51M
Average volume1.81M
Volume vs average+38.7%
Market cap at close$78.51B
Trailing P/E95.0×
Where growth came from
Design Automation revenue$2.003B · +52.7%
80.9% of Q3 revenue · includes Ansys
Design IP revenue$473.8M · +10.8%
19.1% of Q3 revenue · returned to YoY growth
Margin signal
Non-GAAP operating margin41.6%
Design Automation margin45.2% · +70 bp
Design IP margin26.5% · +640 bp
GAAP operating margin14.4%
Large acquired-intangible amortization keeps the GAAP and adjusted views far apart.
Guidance bridge
| Metric | Prior | New | Midpoint change |
|---|---|---|---|
| FY2026 revenue | $9.63B–$9.71B | $9.69B–$9.74B | +$45M · +0.47% |
| FY2026 adjusted EPS | $14.72–$14.80 | $15.04–$15.10 | +$0.31 · +2.1% |
| Q4 revenue | — | $2.53B–$2.58B | New range |
| Q4 adjusted EPS | — | $4.10–$4.16 | New range |
| FY2026 free cash flow | — | ~$2.60B | 26.8% of revenue midpoint |
Catalyst scorecard
Revenue beatEPS beatGuide raisedIP growth restoredPositiveAI-led EDA demand
PositiveAnsys quarter
WatchOrganic mix
PressurePremium valuation
Analyst setup before revisions
Buy / Hold / Sell11 / 3 / 0
Average target$571.92
Upside from close39.5%
Target range$450–$650
Pre-earnings snapshot. New notes can change the distribution.
Peer valuation
Synopsys P/E95.0×
Cadence P/E66.6×
SNPS premium42.7%
SNPS AH move−2.77%
CDNS AH move+0.55%
What investors should watch next
1 · Design IP
Sequential growth in Q4Confirms that the recovery extends beyond one quarter.
2 · Ansys integration
$2.98B expected FY revenueSynergies must offset amortization, restructuring and leverage.
3 · Multiple support
95× trailing earningsHigh expectations make the stock sensitive to modest raises.
Sources: Synopsys fiscal Q3 2026 results; Reuters; Google Finance. Market figures timestamped August 26, 2026, 17:31 EDT. Price data may be delayed. Calculations use disclosed figures and may differ slightly because of rounding.
HP shares slide 9.0%, wiping out $2.5 billion after PC shipments sink 16%
PALO ALTO, California, August 26, 2026, 17:03 — HP Inc's stock dropped 9.0%, erasing $2.5 billion in market value, after the company reported a 16% decline in its PC unit shipments.
HP Inc. · NYSE:HPQ
Price/mix beat, unit-demand warning
Market snapshot: August 26, 2026, 17:02 EDT
After hours · −9.03%
After-hours price
$27.77
−$2.75 from the $30.52 close
Value erased
≈$2.5B
Implied from the closing market cap
Revenue surprise
+8.6%
$15.68B vs $14.44B consensus
Adjusted EPS surprise
+25.8%
$0.83 vs $0.66 consensus
Why the stock reversed
PC units−16%
PC revenue+18%
Print revenue−2%
The divergence matters. A simple revenue-to-units calculation implies roughly 40% higher Personal Systems revenue per unit. Pricing and premium mix did the heavy lifting while underlying unit demand contracted.
Session reversal
Regular close: 16:00:02 EDT. After-hours quote: 17:02:21 EDT.
Quarter and guidance
| Metric | Result / guide | Reference |
|---|---|---|
| Q3 revenue | $15.68B | $14.44B est. |
| Q3 adjusted EPS | $0.83 | $0.66 est. |
| Q3 net income | $661M | $763M year ago |
| FY adjusted EPS | $3.19–$3.29 | $2.90–$3.10 prior |
| FY free cash flow | $3.0–$3.2B | $2.8–$3.0B prior |
| Q4 adjusted EPS | $0.69–$0.79 | $0.67 consensus |
Business mix and earnings quality
Printing’s 2% decline is important because the segment has carried far higher margins. In fiscal Q2, Personal Systems margin was 5.2%; Printing margin was 18.3%.
Tariff refunds added $0.11 to Q3 EPS and are expected to add $0.19 for the year. The annual benefit equals 5.9% of the new guidance midpoint.
Valuation and peer context
| Company | Aug. 26 close | Session move | Market cap | P/E |
|---|---|---|---|---|
| HP (HPQ) | $30.52 | +3.39% | $28.23B | 11.3× |
| Dell (DELL) | $463.82 | +2.77% | $304.27B | 37.0× |
| Apple (AAPL) | $313.45 | +1.16% | $4.61T | 36.0× |
| Logitech (LOGI) | $100.19 | +1.56% | $14.53B | 18.4× |
HP’s lower multiple prices in a structurally weaker mix and limited unit growth. At the $27.77 after-hours price, the $23.41 one-year analyst target implied 15.7% downside. The $3.1 billion free-cash-flow midpoint equaled roughly 12% of implied after-hours equity value.
Peer prices and valuation snapshot: August 26, 2026, approximately 16:45–16:50 EDT. HP after-hours valuation is an estimate using the closing share count.
Signals to watch
- PC unit guidance and price elasticity after the 16% shipment decline.
- Memory-cost timing versus price increases.
- Premium and AI-PC mix after the revenue-per-unit jump.
- Printing revenue and supplies trajectory.
- Cash conversion behind the $3.0–$3.2 billion FCF guide.
Risk map
Demand: Higher prices may suppress replacement units.
Margins: Memory inflation may arrive before pricing catches up.
Mix: PC growth has lower margins than Printing.
Quality: Tariff refunds are nonrecurring.
Sentiment: The analyst target remains below the traded price.
Immediate catalyst
HP fiscal Q3 earnings call — August 26, 2026, 17:30 EDT. The market needs a bridge from strong revenue to sustainable unit growth and margins. Guidance on memory supply, pricing, Printing and refund-adjusted earnings will set the next move.
Sources: Reuters · The Wall Street Journal · Yahoo Finance · HP investor relations
Figures are reported data or clearly marked calculations. After-hours prices can change rapidly and carry less liquidity than the regular session.
Okta Shares Surge 15.7%, Market Value Rises by $3.5 Billion on Faster Backlog Growth
SAN FRANCISCO, August 26, 2026, 16:49 EDT — Okta's stock climbed 15.7%, boosting its market capitalization by $3.5 billion as the company reported an acceleration in backlog growth.
NASDAQ: OKTA · Company stock move
Backlog acceleration reprices Okta
Fiscal Q2 2027 earnings · identity and access management
Market snapshot: August 26, 2026, 16:46 EDT
Financials and guidance: August 26, 2026
Financials and guidance: August 26, 2026
After-hours price
$155.47
vs. $134.42 regular close
After-hours move
+15.66%
+$21.05 per share
Implied value added
≈$3.50B
166.12M shares × $21.05
Remaining obligations
$4.858B
+17% year over year
Q2 operating scorecard
Q2 FY2026Q2 FY2027
Why the move matters
The market added almost four times the raised full-year free-cash-flow midpoint. Sustained backlog conversion is now the central valuation test.
FY2027 guidance reset
| Metric | Prior midpoint | New midpoint | Change |
|---|---|---|---|
| Revenue | $3.195B | $3.221B | +$26M |
| Adjusted operating income | $816M | $835M | +$19M |
| Adjusted EPS | $3.83 | $3.92 | +$0.09 |
| Free cash flow | $870M | $920M | +$50M |
Street positioning
| Ratings | 46 |
| Buy / Overweight / Hold | 29 / 6 / 9 |
| Underweight / Sell | 2 / 0 |
| Average target | $147.18 · 5.3% below |
| Median target | $161 · 3.6% upside |
| Target range | $75–$180 |
Analyst recommendations and targets as of the August 26, 2026 close.
Near-term signals
Revenue +11%Subscription +12%RPO +17%cRPO +14%FCF +40%- Q3 revenue midpoint: $815M, about 0.9% above consensus.
- Q3 EPS midpoint: $0.93, one cent below consensus.
- Regular volume: about 5.9M, roughly 1.6× the 65-day average.
- Identity Governance and machine-identity demand led management’s product message.
Risk monitor
- Valuation: the after-hours price exceeded the pre-report average analyst target.
- Cash cadence: Q3 FCF margin guidance of 21%–23% trails Q2’s 28%.
- Execution: enterprise renewals must sustain current-RPO growth.
- Operating risk: competition or a security incident could impair demand.
- Management’s earnings call began at 17:00 EDT on August 26.
Salesforce Gains 12.7%, Market Value Rises by $22.8 Billion as AI ARR Approaches $4 Billion
Salesforce, Inc. stock surged 12.73% in postmarket trading on Wednesday. The gain came after fiscal second-quarter results reinforced the company's AI-driven growth outlook.
NYSE: CRM · Company stock move
AI contract momentum, not the headline EPS, drove the re-rating
Salesforce added an implied $22.8 billion of equity value after hours. The cleaner operating signal was $3.37 adjusted EPS excluding investment gains, while Agentforce and Data 360 ARR approached $3.9 billion.
After-hours price
$231.80
+$26.18 · +12.73%
August 26, 2026 · 16:37:36 EDT
Regular close: $205.62
Regular close: $205.62
Implied market value
$201.9B
+$22.8B after hours
Calculated from the $179.1B closing value.
AI + data ARR
$3.9B
+210%+ YoY
Agentforce and Data 360 recurring revenue.
Q2 revenue
$11.35B
+11% YoY
$11.33B consensus; 0.2% beat.
Current RPO
$33.5B
≈+14% YoY
Slightly above the $33.4B expectation.
What changed in guidance
PriorNew revenueNew EPS
Market-value bridge
The equity-value gain was about 114 times the $200 million increase in the fiscal-year revenue-guidance midpoint.
Quarter and outlook
| Metric | Reported / guided | Benchmark | Signal |
|---|---|---|---|
| Q2 revenue | $11.35B | $11.33B consensus | Small beat |
| Adjusted EPS | $5.90 | $3.27 consensus | Investment gains amplified it |
| EPS ex investment gains | $3.37 | $3.27 consensus | 3.1% beat |
| Q3 revenue | $11.42B–$11.50B | New guidance | Steady double-digit scale |
| Q3 adjusted EPS | $3.42–$3.44 | New guidance | Operating leverage |
| FY27 revenue | $46.1B–$46.4B | Prior $45.9B–$46.2B | Midpoint +$200M |
| FY27 adjusted EPS | $16.67–$16.71 | Prior $14.06–$14.12 | Midpoint +18.5% |
Valuation after the jump
| Implied market cap / trailing revenue | 4.7× |
| Implied market cap / FY27 revenue midpoint | 4.4× |
| Implied P/E using trailing EPS | 26.8× |
| Levered free-cash-flow yield | 8.2% |
| Average analyst target | $243.98 · 5.3% upside |
| Citizens target | $315 · 35.9% upside |
| 52-week range | $146.32–$269.11 |
| Estimated YTD after the move | about −12% |
Valuation ratios use the $231.80 after-hours price and latest trailing figures available at 16:37 EDT.
Peer tape at the regular close
| Company | Ticker | Close | Move |
|---|---|---|---|
| Salesforce | CRM | $205.62 | −0.03% regular / +12.73% AH |
| ServiceNow | NOW | $125.80 | −0.94% |
| Adobe | ADBE | $273.47 | −0.16% |
| Snowflake | SNOW | $315.37 | −0.52% |
Peer prices are the August 26 regular-session closes; Salesforce’s earnings move occurred afterward.
Investor interpretation
The positive read: AI and data ARR nearing $4 billion gives investors a measurable commercial bridge. The strongest net-new annual order growth in four years suggests the signal reaches beyond pilot activity.
The test: The $22.8 billion revaluation needs organic cRPO growth and repeatable Agentforce bookings. A $200 million revenue-guide lift alone does not explain it.
Risks: Strategic-investment gains may reverse. Informatica and pending acquisitions blur organic growth. Customer deployments can remain slow where data is fragmented.
Next catalyst: the 17:00 EDT earnings call. Watch Agentforce bookings, organic growth, free cash flow, acquisition assumptions and any change to capital returns.
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