Stock Markets May 27, 2026 04:33 PM

After-Hours Movers: Snowflake Soars, Marvell Jumps; Mixed Reactions Across Cloud, Semiconductor and Software Names

Earnings beats and guidance drive sharp after-hours moves — Snowflake posts a large pop on an AWS infrastructure commitment while Salesforce guidance falls short of consensus

By Avery Klein CRM MRVL SNOW HPQ DDOG

A raft of corporate earnings and forward guidance reshaped after-hours trading, with Snowflake rallying sharply after a beat and a large infrastructure commitment from AWS, Marvell posting strong results and guidance, and other enterprise software and hardware names seeing mixed reactions. Several companies beat near-term expectations yet faced divergent investor responses tied to guidance details.

After-Hours Movers: Snowflake Soars, Marvell Jumps; Mixed Reactions Across Cloud, Semiconductor and Software Names
CRM MRVL SNOW HPQ DDOG

Key Points

  • Snowflake surged 29% after beating Q1 estimates and announcing an expanded multi-year strategic collaboration with AWS that includes a $6 billion infrastructure commitment.
  • Marvell reported a Q1 beat and provided strong Q2 2027 guidance, pushing the stock up 8% after hours; Synopsys posted beats but still saw a modest decline.
  • Reactions were mixed across the group: some companies rallied on beats or strategic news, while others fell despite quarterly outperformance, highlighting investor focus on guidance and longer-term commitments.

After the bell, a cluster of earnings reports and guidance updates produced notable price moves across technology and enterprise software names. Results that beat consensus did not always translate into uniform gains, as investors parsed forward guidance and strategic announcements.

Salesforce (CRM)

Salesforce slipped 1.4% in after-hours trade despite reporting a first-quarter EPS of $3.88 and revenue of $11.1 billion, both of which topped analysts' expectations. The stock weakened after the company set second-quarter and full-year fiscal 2027 revenue guidance midpoints that were slightly below consensus estimates, a development that appears to have tempered the market's reaction to the quarterly beat.

Marvell Technology (MRVL)

Marvell climbed 8% after the market closed following a first-quarter EPS of $0.80 and revenue of $2.42 billion, results that outperformed consensus estimates. Management issued robust guidance for the second quarter of fiscal 2027, forecasting EPS in the range of $0.88 to $0.98 and revenue of $2.7 billion.

Snowflake (SNOW)

Snowflake jumped 29% after hours after reporting a first-quarter EPS of $0.39 on revenue of $1.39 billion, both figures beating estimates. The company also announced an expanded multi-year strategic collaboration with Amazon Web Services that includes what was described as a record $6 billion infrastructure commitment, a factor that coincided with the stock's pronounced after-hours gain.

HP Inc. (HPQ)

HP rose 1% after delivering second-quarter results that exceeded expectations, reporting an EPS of $0.86 and revenue of $14.4 billion. For the full year 2026, the company projected EPS of $2.90 to $3.10, a range that sits above the analysts' consensus figure of $2.89.

Datadog (DDOG) and MongoDB (MDB)

Datadog and MongoDB both advanced in after-hours trading, moving higher in sympathy with Snowflake's strong report and the AWS partnership announcement. Both cloud software names benefited from the positive headline for Snowflake, which appears to have lifted sentiment across related enterprise and cloud infrastructure equities.

Everpure (P)

Everpure fell 6% after hours even though it reported second-quarter results that beat expectations, with an EPS of $0.47 and revenue of $1.05 billion. The company provided upbeat full-year 2026 revenue guidance of $4.41 billion to $4.51 billion versus a consensus of $4.394 billion, but the beat and positive outlook did not prevent a negative after-hours reaction.

Synopsys (SNPS)

Synopsys declined about 2% after the market closed despite posting a second-quarter EPS of $3.35 and revenue of $2.28 billion, both ahead of Wall Street estimates. For the full year 2026, Synopsys expects revenue between $9.63 billion and $9.71 billion and an EPS range of $14.72 to $14.80.

Braze (BRZE)

Braze plunged 16% after reporting first-quarter results that included EPS of $0.10, a figure in line with analysts' estimates, and revenue of $211 million. The steep decline occurred even though the company issued second-quarter and full-year 2027 revenue guidance ranges that mostly cleared Wall Street expectations.

nCino (NCNO)

nCino jumped 14% in after-hours trading after reporting first-quarter EPS of $0.12, up from $0.05 a year earlier, alongside a revenue beat of $159.4 million. The company said it expects full-year 2027 revenue between $642 million and $646 million, a range that matches or exceeds consensus estimates.


This set of reports underscores the nuance in how markets reward quarterly beats: headline numbers, guidance midpoints and strategic announcements all influenced price action in different directions across semiconductors, cloud software and hardware manufacturers.

Watch areas of focus: semiconductors and networking chips tied to Marvell; enterprise data and cloud infrastructure linked to Snowflake, Datadog and MongoDB; enterprise software and IP providers such as Synopsys; and consumer hardware represented by HP.

Risks

  • Companies that beat near-term estimates can still see negative price reactions if forward guidance comes in below consensus, as illustrated by Salesforce - this affects enterprise software and cloud infrastructure stocks.
  • Positive quarterly results do not guarantee sustained upside if investor sentiment is influenced by other factors like guidance or macro uncertainty; this was shown by Everpure sliding after a beat despite raising its full-year revenue outlook - relevant to hardware and consumer electronics names.
  • Stocks can experience outsized volatility around sizable strategic announcements or guidance ranges, as with Snowflake's AWS commitment and Braze's sharp decline despite guidance that mostly cleared expectations - impacting cloud software and platform companies.

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