Stock Markets May 14, 2026 04:33 PM

After-hours movers: Applied Materials, Figma, DexCom, DLocal, StoneCo and Papa John’s react to earnings and strategic moves

A mix of earnings beats, guidance lifts and governance pacts send selected equities higher while an earnings miss and steady outlook weigh on others

By Avery Klein AMAT FIG PZZA DXCM DLO

Shares of several companies moved notably in after-hours trading following quarterly results and corporate developments. Applied Materials and Figma led gains on stronger-than-expected reports and raised outlooks, while DexCom reached a governance agreement that buoyed its stock. DLocal fell after missing earnings, and StoneCo rallied despite a modest bottom-line shortfall. Papa John’s climbed as a major franchisee joined a private-equity bid.

After-hours movers: Applied Materials, Figma, DexCom, DLocal, StoneCo and Papa John’s react to earnings and strategic moves
AMAT FIG PZZA DXCM DLO

Key Points

  • Applied Materials beat quarterly estimates and raised Q3 guidance, sending shares up 4.5% - impacting the semiconductor equipment sector.
  • Figma topped EPS and revenue forecasts and lifted its full-year revenue outlook, driving a 10% share gain - relevant to software and cloud collaboration markets.
  • Strategic and governance developments influenced stocks: DexCom reached an agreement with Elliott to add two independent directors; Papa John’s saw a major franchisee join a $1.5 billion take-private bid.

Equities for a number of companies shifted in after-hours trading as quarterly reports and strategic announcements landed with investors.


Applied Materials (AMAT)

Applied Materials advanced 4.5% after reporting results that topped analyst expectations for both profit and revenue. The supplier also raised its Q3 outlook, projecting earnings and sales well above Wall Street’s then-current estimates, a combination that helped drive the share rally.


Figma (FIG)

Figma rose about 10% following a first-quarter report in which the company beat EPS estimates by $0.04 and exceeded revenue expectations. The stock move reflected investor approval after the company boosted its full-year revenue forecast substantially above consensus.


Papa John’s (PZZA)

Papa John’s shares climbed 7.8% on news that Nadeem Bajwa, the chain’s largest U.S. franchisee, has joined Irth Capital’s $1.5 billion offer to take the company private. Bajwa, who operates nearly 300 locations, said he intends to make a "significant investment" as part of the bid, a development that could speed a sale process that has been under discussion over the last year.


DexCom (DXCM)

DexCom’s stock rose 5% after the company disclosed a strategic cooperation agreement with activist investor Elliott Investment Management. The deal includes a commitment to add two new independent directors, a governance and oversight move timed ahead of DexCom’s 2026 Investor Day.


DLocal Limited (DLO)

DLocal fell 4% after missing first-quarter earnings estimates, reporting EPS of $0.14 versus the expected $0.17. Although revenue marginally exceeded consensus, the earnings shortfall combined with unchanged forward guidance failed to bolster investor confidence.


StoneCo (STNE)

StoneCo shares jumped 7% as the market focused on revenue that beat expectations, reporting R$3.58 billion, even though the company recorded a slight bottom-line miss. The positive price reaction suggested investors were prioritizing the company’s continued top-line growth and market share gains in the Brazilian fintech market.


This after-hours session reflected a mix of earnings-driven moves, guidance reactions and strategic governance developments that affected semiconductor equipment, software, healthcare devices, payments and consumer restaurant names.

Risks

  • Earnings misses and unchanged guidance can weaken investor confidence, as seen with DLocal’s Q1 EPS shortfall and flat forward guidance - relevant to emerging-market payment processors.
  • Corporate actions and sale processes can be uncertain and timing is unclear, illustrated by the ongoing discussions around a potential Papa John’s sale - affecting the consumer restaurant sector.
  • Governance changes and activist involvement introduce execution and oversight uncertainties, exemplified by DexCom’s agreement with Elliott to appoint new independent directors - relevant to healthcare and medical-device companies.

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