Stock futures were mixed Thursday premarket as market participants assessed Alphabet’s earnings ahead of Amazon’s results after the closing bell.
Here are some of Thursday’s biggest stock movers:
Biggest stock gainers
- Snap (SNAP) +6% – Shares surged after the company delivered strong Q4 operating metrics and issued guidance largely in line with expectations. Daily active users reached 474M, up 21M Y/Y but down 3M sequentially, broadly matching estimates, while ARPU of $3.62 beat the $3.56 consensus. Free cash flow rose 13% to $206M, topping forecasts, and adjusted EBITDA jumped 30% to $358M, well above expectations. Snap attributed the sequential DAU dip partly to a pullback in growth marketing and the removal of ~400,000 accounts in Australia following new age-verification rules. For Q1, Snap guided revenue of $1.50B–$1.53B vs. the consensus of $1.54B, adjusted EBITDA of $170M–$190M, and announced a new $500M share buyback authorization.
- Celestica (CLS) +6% – Shares advanced after the company comfortably beat Street estimates in Q4. Revenue surged 43% Y/Y to $3.65B, topping the $3.49B consensus. Looking ahead, Celestica guided Q1 revenue of $3.85B–$4.15B, with a midpoint of $4.0B surpassing the consensus of $3.62B, and adjusted EPS of $1.95–$2.15, with a midpoint of $2.05 above the consensus of $1.83. The company also raised its full-year 2026 outlook, now expecting revenue of $17.0B and adjusted EPS of $8.75, up from prior guidance of $16.0B and $8.20, citing strong AI-driven data center demand momentum.
Biggest stock losers
- QUALCOMM (QCOM) -11% – Shares slid after the chipmaker issued weak Q2 guidance that fell well short of Wall Street expectations. The company sees adjusted EPS of $2.45–$2.65 vs. the $2.90 consensus, with revenue of $10.2B–$11.0B compared with $11.1B expected. Management said the outlook reflects memory supply constraints and related pricing pressures that are weighing on handset demand. CEO Cristiano Amon noted that while near-term handset trends are pressured, demand for premium smartphones remains healthy, and momentum in personal, industrial, and physical AI continues to build.
- Arm Holdings (ARM) -6% – Shares slid despite solid FQ3 results after licensing revenue missed expectations, coming in at $505M vs. the $519.9M consensus, as the company pushes newer technologies aimed at higher licensing fees. Guidance also failed to excite, with FQ4 adjusted EPS seen at $0.54–$0.62 (midpoint $0.58 vs. $0.56 est.) and revenue guided at $1.42B–$1.52B (midpoint $1.47B vs. $1.44B est.).
- Alphabet (GOOG) (GOOGL) -3% – Shares slipped as investors focused on a sharp step-up in future capital spending despite a Q4 earnings beat on both revenue and profit. While 2025 capex of $91.5B was in line with guidance, management flagged a much steeper ramp for 2026, projecting $175B–$185B vs. expectations of about $119.5B, stoking concerns over AI-driven spending intensity even as demand remains strong.