Markets saw uneven after-hours activity as company updates prompted divergent investor reactions. Several firms reported results or deals that moved their shares in extended trading, with technology, consumer goods, retail and data center sectors all represented.
NVIDIA posted a notable quarterly performance that lifted sentiment in after-hours trading. The chipmaker reported Q1 revenue of $81.6 billion and provided a Q2 revenue outlook of $91 billion, numbers that underpinned a recovery from an initial post-market dip and a subsequent rise of 0.9% in after-hours trading. Management also disclosed shareholder-friendly capital actions, including an $80 billion increase to its stock buyback authorization and a raised quarterly dividend to $0.25 per share.
Intuit diverged from the upbeat tone of several peers. Although the company reported a Q3 beat and raised its full-year guidance, shares fell sharply in after-hours trading, sliding 11%. The drop followed an announcement that Intuit will reduce its full-time workforce by 17% as part of a plan to simplify operations and become "faster" and "leaner." The company said it expects to record approximately $300 million to $340 million in restructuring charges tied to the layoffs, with most of those costs to be recognized in its fourth fiscal quarter ending July 31, 2026.
e.l.f. Beauty, Inc. climbed about 6% after delivering a stronger-than-expected fourth quarter. The cosmetics company reported quarterly revenue of $449.3 million and beat on both the top and bottom lines. The after-hours gain came despite the company issuing full-year 2027 guidance that came in below consensus expectations.
Urban Outfitters saw its shares rise roughly 2% following a solid first-quarter report. The retailer exceeded analysts' earnings-per-share estimate by $0.16, and revenue for the quarter came in at $1.48 billion versus an expected $1.46 billion, supporting the modest after-hours uptick.
Applied Digital led gains among the group, rallying approximately 7% after the company announced a large strategic contract. Applied Digital signed a 15-year lease with a major U.S. hyperscaler for its Polaris Forge 3 AI data center campus. The agreement could be worth up to $18.2 billion if all options are exercised and secures 300 megawatts of power dedicated to heavy AI workloads.
This round of after-hours moves highlights how a combination of earnings results, guidance, capital allocation changes and large commercial contracts can drive share-price behavior across different market segments.