Premarket movers highlight earnings-driven gains in retail, restaurants and chip stocks

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Premarket movers earnings gains

Highlights

Lowe’s falls nearly 2% premarket after only slightly beating Q1 estimates and reaffirming full-year guidance while warning of ongoing housing market challenges.
Toll Brothers jumps 3% and Target climbs nearly 2% after both report significant earnings and revenue beats, with Target also raising its full-year sales outlook.
iShares Semiconductor ETF (SOXX) gains over 2% as Marvell Technology rises 5%, Intel over 4%, and Nvidia climbs 1.5% ahead of earnings, underscoring ongoing chip sector momentum.

Quarterly results shape early trading

As reported by CNBC, several major U.S. stocks are making outsized premarket moves as investors react to first-quarter and fiscal second-quarter earnings, along with updated full-year outlooks.

Lowe’s shares are down almost 2% even after the home improvement retailer slightly beats estimates for earnings and revenue in its first-quarter financial report. The company reaffirms its full-year guidance but says the broader housing market backdrop remains challenging.

Toll Brothers is up 3% after the homebuilder reports fiscal second-quarter earnings of $2.72 per share, above the $2.57 expected by analysts polled by LSEG. Revenue of $2.51 billion also tops the $2.42 billion forecast.

Target climbs nearly 2% after posting a first-quarter beat and raising its full-year sales outlook. The retailer earns $1.71 per share on revenue of $25.44 billion, ahead of analyst expectations of $1.46 per share and $24.64 billion in revenue, according to LSEG.

Cava jumps almost 7% after increasing its full-year adjusted EBITDA guidance to a range of $181 million to $191 million, up from its previous outlook of $176 million to $184 million. The Mediterranean fast-casual chain also reports first-quarter earnings of 20 cents per share on $438 million in revenue, ahead of analyst expectations for 18 cents per share and $411 million in revenue, per LSEG.

Red Robin Gourmet Burgers surges more than 9% after posting first-quarter adjusted earnings of 13 cents per share, while analysts polled by FactSet expect the company to break even. Revenue of $378.3 million also exceeds the anticipated $362.1 million.

Chip sector rebound supports broader momentum

Semiconductor shares are also moving higher in premarket trading after a pause in a recent rally. The iShares Semiconductor ETF, SOXX, is up more than 2%, with Marvell Technology gaining more than 5%, Intel rising more than 4%, and Micron Technology and Qualcomm each adding more than 3%.

Analog Devices slips 0.5% despite reporting fiscal second-quarter adjusted earnings of $3.09 per share, above the $2.88 expected by analysts polled by FactSet. The chipmaker also delivers revenue above estimates.

Nvidia joins the broader chip rally and rises more than 1.5% ahead of earnings due after the bell Wednesday. The company remains a central focus for investors as semiconductor stocks continue to set the tone for market sentiment.

In our earlier coverage of the semiconductor rebound ahead of Nvidia’s quarterly results, we explained why the report is viewed as a key test of AI infrastructure demand and tech valuations. We also noted how shifting rate expectations, elevated Treasury yields and oil-price uncertainty were shaping index-futures trading alongside the chip rally.

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