After-hours movers track earnings beats and outlook changes across tech and consumer stocks

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After-hours earnings movers

Highlights

Upwork shares surge 11% after raising full-year adjusted earnings guidance to $1.45–$1.47 per share, above the $1.39 FactSet consensus.
Palantir Technologies revenue nearly doubles to over $2 billion with U.S. commercial revenue up 148% to $984 million, projecting $8.53 billion full-year 2026 revenue.
On Semiconductor drops about 2% after announcing the $600 million cash acquisition of Ferric, with up to $175 million additional contingent consideration linked to revenue milestones.

Earnings updates lift several after-hours stocks

As reported by CNBC, a group of companies makes notable moves in extended trading as investors respond to quarterly results and updated projections.

Upwork shares surge 11% after the freelance marketplace raises guidance. Full-year adjusted earnings are expected in a range of $1.45 to $1.47 per share, above the FactSet consensus of $1.39 per share.

Palantir Technologies shares edge higher after third-quarter earnings top Wall Street estimates. Revenue for the period nearly doubles from a year earlier and exceeds $2 billion for the first time, while U.S. commercial revenue rises 148% to $984 million, above U.S. government revenue of $953 million. The company also projects about $2.65 billion in fourth-quarter revenue and $8.53 billion for full-year 2026.

Lattice Semiconductor jumps more than 7% after beating third-quarter revenue expectations and raising its full-year forecast. The chip designer expects fourth-quarter revenue of $325 million to $345 million, above the $293 million LSEG consensus estimate, and adjusted earnings of 82 cents to 86 cents per share, ahead of the 64-cent consensus.

The Clorox Company adds 2% after fiscal first-quarter results come in above estimates. The company posts adjusted earnings of $1.55 per share on revenue of $1.91 billion, compared with analyst expectations of $1.07 per share and $1.88 billion, while organic sales growth also exceeds forecasts.

Fabrinet rises more than 12% after issuing current-quarter guidance that beats Street estimates. The company forecasts second-quarter adjusted earnings of $4.77 to $4.92 per share on revenue of $1.6 billion to $1.65 billion, compared with FactSet expectations of $4.43 per share and $1.48 billion.

Ibotta gains 11% after fourth-quarter guidance comes in ahead of expectations. The digital promotions company sees revenue of $94 million to $98 million, above the FactSet consensus estimate of $93.4 million, and says adjusted EBITDA also tops expectations.

Apple and On Semiconductor draw closer scrutiny

Apple is little changed after reporting fiscal fourth-quarter revenue of $114.48 billion, above the LSEG consensus estimate of $113.39 billion. Revenue rises 12% from a year earlier, with iPhone revenue reaching $57.58 billion, in the company’s first quarterly report since CEO John Ternus takes over on Sept. 1, succeeding Tim Cook.

The results also show some pressure points. Apple’s iPad sales fall more than 10% to about $6.23 billion, and gross margin stands at 47.9% as higher memory and component costs weigh on profitability.

On Semiconductor falls about 2% after saying it will acquire Ferric, a power converter maker, for $600 million in cash, plus as much as $175 million in contingent consideration tied to revenue milestones. The company separately says it expects fourth-quarter adjusted earnings of 95 cents to $1.07 per share, while analysts polled by LSEG call for 95 cents per share.

Our earlier coverage on the S&P 500’s push toward 8,000 examined how the market’s next move hinges on whether third-quarter earnings can clear a higher bar amid rising oil prices, elevated Treasury yields, and election-related uncertainty. It also highlighted concentration and breadth concerns, noting that gains have been heavily driven by a small group of megacaps even as many index components lag beneath key moving averages.

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