After-hours movers: Alphabet, Broadcom, Snap, Qualcomm, e.l.f. Beauty
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After-hours movers:
Alphabet (NASDAQ: GOOGL) fell 1% after reporting quarterly results that were solid, along with a forecast for capital expenditures that was way ahead of estimates. 2026 CapEx investments are anticipated to be in the range of $175 to $185 billion, well above the estimate $119.5 billion.
- Broadcom (NASDAQ: AVGO), NVIDIA (NASDAQ: NVDA) and other chip stocks rose following the huge CapEx figure.
Snap (NYSE: SNAP) rose 7% after it reported results that were about in-line with consensus. Fourth quarter revenue increased 10% year-over-year to $1,716 million
Qualcomm (NASDAQ: QCOM) fell 9% after publishing disappointing guidance. Qualcomm CEO Cristiano Amon said that the entire forecast miss was due to a memory chip shortage hitting smartphone customers
e.l.f. Beauty (NYSE: ELF) rose 15% after blowout quarterly results and guidance that easily beat analyst estimates.
Arm Holdings (NASDAQ: ARM) fell 7% despite results that matched estimates for the quarter.
Symbotic (NASDAQ: SYM) rose 9% after it said it sees Q2 2026 revenue of $650-670 million, versus the consensus of $638 million.
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