Stock futures were hovering along the flatline early Friday following back-to-back gains in major averages on easing geopolitical fears.
Here are some of Friday’s biggest stock movers:
Biggest stock gainers
- Ericsson (ERIC) +8% – Shares jumped after delivering stronger-than-expected Q4 results, with organic sales up 6% Y/Y and adjusted gross margin improving to 48% from 46.3% on better performance in Cloud Software and Services. Adjusted EBITA rose to SEK 12.7B from SEK 10.2B, lifting the margin to 18.3% from 14.1%, while free cash flow before M&A came in at SEK 14.9B. The board plans to propose a SEK 3.00 dividend for 2025 (up from 2.85) and a SEK 15B share buyback. Looking ahead, Ericsson expects elevated restructuring charges in 2026, amortization of around SEK 0.5B per quarter, and continued macro and tariff uncertainty. For Q1, Networks sales are expected to track roughly in line with 3-year seasonality with gross margin guidance of 49%–51%, while Cloud Software and Services sales are projected to grow below seasonal trends; Enterprise comparisons reflect prior divestitures and deconsolidated operations.
- Intuitive Surgical (ISRG) +3% – Shares rose after reporting Q4 results that topped expectations, supported by strong growth in da Vinci system placements and procedure volumes. The installed base of da Vinci systems climbed 12% Y/Y to 11,106, while the Ion system base jumped 24% to 995. Combined worldwide procedures increased 18%, with da Vinci procedures up 17% and Ion up 44%, and quarterly placements rose to 532 units from 493 a year ago. Revenue grew 19% to $2.87B. For FY2026, the company forecasts da Vinci procedure growth of 13%–15% (vs. 18% in 2025), a non-GAAP gross margin of 67%–68%, including a ~1.2% tariff impact, and non-GAAP operating expense growth of 11%–15%.
Biggest stock losers
- Intel (INTC) -13% – Shares plunged after posting stronger-than-expected Q4 results but issuing Q1 guidance that fell short of expectations. The company projected revenue of $11.7B–$12.7B, with the $12.2B midpoint below the $12.56B consensus, and said adjusted EPS will be roughly breakeven vs. the $0.08 analysts expected. CFO David Zinsner flagged that the ongoing server CPU shortage will leave Intel’s available supply at its lowest point this quarter before improving later in the year. While he noted that demand trends remain solid and the rapid adoption of AI continues to underscore the importance of the x86 ecosystem, Intel’s outlook also called for adjusted gross margins of 32.3%.