Top Movers | FI Lost 30% on Guidance Cut! STX Surging: Key Earnings Surprises?
1. $Seagate Technology PLC(STX)$ Jump 5.92%
Revenue: $2.63 billion vs. $2.55 billion expected (+21.3% YoY, +3% beat)
EPS: $2.61 vs. $2.40 expected (+8.8% beat)
Outlook: Seagate sees Q2 2026 EPS of $2.55-$2.95 versus the analyst consensus of $2.67, Q2 2026 revenue of $2.60B-$2.80B versus the analyst consensus of $2.67B.
The company's growth was fueled by increased demand in the data storage sector, particularly for hard drives and SSDs. The positive outlook and continued growth potential were key factors driving investor confidence.
“Seagate delivered strong September quarter results, with revenue growth of 21% year-over-year and non-GAAP EPS exceeding the high end of our guided range,” said Dave Mosley, Seagate’s chair and chief executive officer. “Our performance underscores the team’s strong execution and robust customer demand for our high-capacity storage products.”
2. $Verizon(VZ)$ rose 3.46%
Revenue: $33.8 billion vs. $34.3 billion expected (+1.5% YoY, -$470M miss)
EPS: $1.21 vs. $1.19 expected (+1.7% beat)
Outlook: Verizon expects continued wireless service revenue growth of 2.0% to 2.8%, with adjusted EBITDA growth of 2.5% to 3.5%. Adjusted EPS is projected to grow by 1.0% to 3.0%, with free cash flow guidance between $19.5 billion to $20.5 billion.
Verizon reported better-than-expected earnings with significant improvements in wireless and broadband services, which helped offset concerns about weaker revenue growth in Q4. Verizon raised its dividend for the 19th consecutive year, signaling a commitment to shareholder returns, even amid ongoing transformations.
Dan Schulman, Verizon's CEO, stated, "We are going to take bold and fiscally responsible action to redefine Verizon’s trajectory at this critical inflection point for our company. We will rapidly shift to a customer-first culture, one that thrives on delighting our customers. These will not be incremental changes. We will aggressively transform our culture, our cost structure, and the financial profile of Verizon in order to put our customers first, compete effectively, and deliver sustainable returns for our shareholders."
3. $Enphase Energy(ENPH)$ fell 8.37%
Revenue: $410.4 million vs $366.4 million expected (+7.8%, 12% beat)
Adjusted EPS: $0.90 vs $0.66 expected (37.2% beat)
Outlook: The company expects fourth-quarter revenue of $310 million–$350 million, below the $382.97 million consensus estimate. Enphase guided for an adjusted gross margin of 42%–45%, including about five percentage points of negative impact from reciprocal tariffs.
Shares dropped following the weaker-than-expected Q4 revenue forecast and ongoing margin pressure from tariffs, while also facing challenges from reduced clean energy tax credits. Enphase shares are down nearly 47% year-to-date, with short interest standing at 21.34%.
Badri Kothandaraman, the CEO of Enphase noted that despite tariff pressures and global economic uncertainty, product demand remains strong, particularly in the U.S., where performance exceeded expectations. While Q4 revenue guidance is below market expectations, the company remains optimistic about long-term growth, especially as it continues shifting its supply chain out of China.
4. $Etsy(ETSY)$ plunge 10.07%
Revenue: $678 million vs. $655.87 million expected (+3.4% beat)
EPS: $0.63 vs. $0.52 expected (+21% beat)
Outlook: Etsy projects GMS between $3.5 billion and $3.65 billion for Q4, with an Adjusted EBITDA margin of approximately 24%, down from the 25.4% reported in Q3. The company expects its take rate to be around 24.5%.
Despite the impressive earnings and strong performance in Depop, Etsy's active user decline and lower-than-expected Q4 margin guidance led to the market’s reaction, resulting in a more 10% drop in shares post-earnings.
"Etsy’s third quarter consolidated results surpassed expectations across all three of our key financial metrics — and GMS for Etsy and Depop combined returned to year-over-year growth," said Josh Silverman, Etsy’s CEO.
5. $FISERV INC(FI)$ plunge 32%
Revenue: $4.92 billion vs. $5.36 billion expected (miss by 8.2%)
Adjusted EPS: $2.04 vs. $2.65 expected (miss by 23%)
Outlook: Fiserv drastically cut its full-year guidance, now expecting adjusted earnings per share of $8.50 to $8.60, well below its previous outlook and the analyst consensus of $10.16. The company also reduced its organic revenue growth forecast to 3.5-4% for the year.
The combination of lower-than-expected earnings, disappointing revenue, and a drastic cut in full-year guidance led to the sharp drop in shares. While the company introduced an action plan to reset its focus, investors are likely cautious about the effectiveness of leadership changes & strategic shifts given the current challenges.
"Our current performance is not where we want it to be nor where our stakeholders expect it to be," said Mike Lyons, Chief Executive Officer of Fiserv. "With the actions being announced today, Fiserv will be better positioned to drive sustainable, high-quality growth and reach our full potential."
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