After-hours movers track earnings reactions across restaurant, chip and networking stocks

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After-hours movers track earnings

Highlights

Jack in the Box rises over 1% and Red Robin nearly 2% after both report earnings and revenues above analyst expectations for their respective quarters.
Cerebras Systems drops 14% as second-quarter revenue of $180 million misses the $194 million LSEG estimate, while StubHub falls more than 15% after an 82.2% adjusted gross margin trails the 84.3% consensus.
Cisco Systems slips 3% in after-hours trading despite a fourth-quarter adjusted gross margin of 66.3% narrowly beating the 66% consensus, while Coherent loses almost 3% after in-line margins and above-expectation guidance.

Quarterly results drive after-hours moves

As reported by CNBC, several companies are posting notable moves after the bell as investors assess earnings, revenue and margin performance.

Jack in the Box gains more than 1% after reporting fiscal third-quarter earnings of 96 cents per share, above a FactSet estimate of 88 cents per share. Red Robin Gourmet Burgers rises nearly 2% after second-quarter results top analyst expectations, with adjusted earnings of 12 cents per share on revenue of $277.6 million, compared with expectations for break-even results on $265.8 million in revenue.

Coherent loses almost 3% in extended trading. The photonics company reports fourth-quarter non-GAAP gross margin of 40.2%, roughly in line with the 40% StreetAccount consensus, while first-quarter earnings and revenue guidance come in above analysts' expectations.

Cerebras Systems tumbles 14% after second-quarter revenue of $180 million misses the $194 million LSEG consensus estimate. StubHub falls more than 15% after adjusted gross margin of 82.2% in the second quarter trails the 84.3% StreetAccount consensus, even as the company reaffirms its full-year adjusted EBITDA outlook.

Cisco Systems slips 3% after fourth-quarter adjusted gross margin of 66.3% only narrowly exceeds the 66% StreetAccount consensus estimate.

Margin pressure and revenue gaps shape market response

Trading after the close suggests investors are rewarding earnings beats in the restaurant sector more than they are overlooking revenue and profitability shortfalls in technology and platform businesses.

The sharpest declines center on companies where reported figures miss consensus or where margin performance fails to provide a stronger upside surprise. That pattern is visible in Cerebras Systems, StubHub and Cisco Systems, while Jack in the Box and Red Robin benefit from results that exceed expectations.

We previously reported on Cerebras Systems raising its 2026 revenue and gross margin outlook on strong demand for AI infrastructure as data-center capacity expands. The piece also highlighted that, despite sharp second-quarter growth and a major multi-year AI compute agreement supporting cloud and services revenue, the stock still slipped in extended trading—underscoring how after-hours reactions can hinge on expectations and profitability signals, not just headline growth.

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