Stocks are on the move premarket, driven by a wave of earnings reports and key industry news. PayPal and Anheuser-Busch InBev led gains after exceeding expectations, while Palantir saw a dip despite positive results. Rumors of Apple considering Intel for chipmaking also sparked significant movement.
Stocks Making the Biggest Moves Premarket
Here's a rundown of the companies grabbing attention before the opening bell:
- PayPal (PYPL): Shares jumped nearly 3% after PayPal reported first-quarter earnings of $1.34 per share on revenues of $8.35 billion, exceeding analyst expectations of $1.27 per share on $8.05 billion in revenue.
- Anheuser-Busch InBev (BUD): The Budweiser parent surged over 7% following a quarterly earnings and revenue beat. The company reported earnings of 97 cents per share on revenue of $15.27 billion, surpassing the expected 89 cents per share on $14.87 billion.
- Pfizer (PFE): The pharmaceutical giant saw a slight boost in early trading after reporting better-than-expected first-quarter earnings and revenue. Earnings came in at 75 cents per share (excluding certain items) on revenue of $14.45 billion, beating estimates of 72 cents per share on $13.79 billion.
- Intel (INTC): Shares gained more than 3% on a Bloomberg report indicating Apple is exploring using Intel's chipmaking services. Samsung Electronics is also reportedly under consideration by Apple.
- Pinterest (PINS): The image-sharing platform popped 15% after issuing strong second-quarter revenue guidance of $1.13 billion to $1.15 billion, exceeding the $1.11 billion expected by analysts. First-quarter results also surpassed estimates.
- Palantir (PLTR): Despite surpassing estimates, shares slid nearly 3%. Adjusted earnings of 33 cents per share and revenue of $1.63 billion both exceeded expectations.
- Fidelity National Information Services (FIS): Shares jumped 5% after announcing a partnership with Anthropic to develop AI tools for banks, starting with financial crime surveillance.
- Paramount Skydance (PARA): The entertainment stock gained 1.5% after posting first-quarter adjusted earnings of 23 cents per share on revenue of $7.35 billion, beating analyst expectations.
- Duolingo (DUOL): The language learning app dropped 7% after reporting monthly active users below estimates (137.8 million vs. expected 145.6 million). Second-quarter bookings also disappointed.
- Diamondback Energy (FANG): The oil and gas stock slipped 1%, despite a first-quarter earnings and EBITDA beat, and a 5% dividend increase.
- Sonos (SONO): Shares rallied more than 9% after reporting an 8% year-over-year revenue increase to $281.5 million. Third-quarter revenue guidance also exceeded expectations.
- Firefly Aerospace (FIRE): The aerospace and defense company surged 11% after posting a narrower-than-expected first-quarter adjusted loss.
- Fabrinet (FN): The precision optical company plunged 11% due to disappointing fourth-quarter revenue guidance.
- ON Semiconductor (ON): The semiconductor stock fell more than 4% despite narrowly topping revenue estimates for the second quarter.
- IAC (IAC): Shares of the digital brands holding company slid more than 7% after lowering its 2026 adjusted EBITDA guidance.
