Stock futures edged up Wednesday in premarket hours ahead of a widely anticipated Fed rate hold, with Big Tech reports set to drive post-market action.
Here are some of Wednesday’s biggest stock movers:
Biggest stock gainers
- Stride (LRN) +36% – Shares surged after the ed-tech company posted a blowout FQ2, with results and guidance well ahead of expectations. Growth was powered by its Career Learning segment, where revenue jumped 24.5% to $289.9M and middle and high school enrollments climbed 29.3% Y/Y, helping lift total enrollments to 248,500 (+7.8%). The company expects FQ3 revenue of $615M–$645M, topping the consensus of $615M, and full-year revenue in the range of $2.48B–$2.555B, broadly in line with consensus expectations of $2.51B.
- F5 (FFIV) +11% – Shares climbed after the company beat Q1 expectations, driven by an 11% rise in product revenue, its sixth straight quarter of double-digit product growth. The company issued strong Q2 guidance, projecting revenue of $770M–$790M, well above the $748M consensus, while its adjusted EPS outlook of $3.34–$3.46 sits roughly in line with expectations. F5 also raised its full-year fiscal 2026 growth outlook to 5%–6%, up from prior guidance of flat to 4%.
- Seagate Technology (STX) +10% – Shares jumped after the storage provider delivered upbeat FQ2 results and outlook. For FQ3, the company guided adjusted EPS to $3.20–$3.60, with a $3.40 midpoint far exceeding the $2.99 consensus. Projected revenue of $2.8B–$3B above estimates of $2.79B, which represents a 34% Y/Y improvement as a midpoint.
- Texas Instruments (TXN) +8% – Shares advanced after reporting Q4 results that came in largely in line with expectations, highlighted by a 10% rise in revenue to $4.42B and strong rebounds in Analog and embedded segments. The company expects Q1 EPS between $1.22 and $1.48 per share, with the midpoint above the analyst estimate of $1.26 per share. Sales are expected to be between $4.32B and $4.68B, with the midpoint of $4.5B above the forecast of $4.42B.
Biggest stock losers
- Qorvo (QRVO) -11% – Shares plunged as upbeat FQ3 results were overshadowed by a sharply weaker outlook. The company guided FQ4 revenue between $775M and $825M, with the $800M midpoint below the forecast of $905.1M. Projected EPS between $1.05 and $1.35 per share on an adjusted basis, with the midpoint below the forecast of $1.37 per share. Management cited seasonal weakness at its largest customer, the ongoing downsizing of its Android business, and continued strength in HPA.