NVIDIA’s stock fell 1% in after-hours trading on Wednesday even as the company reported second-quarter earnings that exceeded expectations, reflecting investor caution over lofty valuation expectations. The chipmaker posted adjusted earnings of US$2.22 per share on revenue of US$96.2 billion, beating consensus forecasts. Management’s third-quarter revenue guidance of US$108 billion, with a 2% margin of error, was tempered by an explicit assumption of zero Data Center computing revenue from China due to ongoing trade restrictions.
Synopsys shares dropped 6% despite posting quarterly adjusted earnings of US$3.91 per share on revenue of US$2.48 billion, as investors took profits following a recent rally in chip-design software stocks. The company also raised its full-year outlook, providing a counterpoint to the broader sector volatility.
Salesforce surged 12% after reporting second-quarter adjusted earnings of US$5.90 per share, US$2.63 above consensus, on revenue of US$11.3 billion. The company cited strong growth in corporate cloud subscriptions and margin expansion from its Agentforce AI automation tools. For the full fiscal year 2027, Salesforce raised its adjusted earnings guidance to a range of US$16.67 to US$16.71 per share.
CrowdStrike advanced 10% following its second-quarter report, which showed adjusted earnings of US$0.31 per share on revenue of US$1.47 billion. The cybersecurity firm confirmed ongoing platform consolidation and high customer retention. For the full fiscal year 2027, CrowdStrike raised its revenue outlook to between US$5.99 billion and US$6.01 billion.
Okta jumped 17% as its second-quarter adjusted earnings of US$1.05 per share on revenue of US$805 million reflected robust enterprise adoption of its Workforce and Customer Identity suites. The company also raised its full-year sales guidance to a range of US$3.216 billion to US$3.226 billion.
HP’s stock fell 11% despite beating third-quarter expectations, with adjusted earnings of US$0.83 per share on revenue of US$15.7 billion. The decline followed a cautious outlook for fourth-quarter margins, driven by rising component costs—particularly in memory and display panels—which pressured gross margins in the Personal Systems and Printing segments.
Nutanix rose 5% in after-hours trading after reporting fiscal fourth-quarter adjusted earnings of US$0.60 per share, US$0.11 above estimates, on revenue of US$757.1 million. Annual recurring revenue grew 16% year-over-year to US$2.55 billion, while full-year free cash flow reached US$840.7 million. For the first quarter of fiscal 2027, Nutanix guided revenue between US$755 million and US$765 million, in line with Wall Street’s US$762 million consensus.
