After-hours movers: NVDA, INTU, ELF, URBN, APLD

After-hours movers:

NVIDIA (NASDAQ: NVDA) – Up 0.9% Shares reversed their initial post-market dip and climbed as investors cheered a massive Q1 blowout, featuring $81.6 billion in revenue and a strong Q2 revenue outlook of $91 billion. The stock was further supported by major shareholder-friendly moves, including an $80 billion increase to its stock buyback program and a dividend hike to $0.25 per share.

Intuit (NASDAQ: INTU) – Down 11% Despite beating Q3 expectations and raising full-year guidance, shares tumbled as the company announced it is reducing its full-time workforce by 17% to simplify its structure and become a faster, leaner company. Intuit expects to incur approximately $300 million to $340 million in restructuring charges from the layoffs, which will be largely recognized in its fourth fiscal quarter ending July 31, 2026.

e.l.f. Beauty, Inc. (NYSE: ELF) – Up 6% The cosmetics brand jumped after delivering a solid Q4 beat on both top and bottom lines, generating $449.3 million in revenue. This strong performance outweighed a softer-than-expected full-year 2027 guidance that came in below consensus estimates.

Urban Outfitters (NASDAQ: URBN) – Up 2% Shares climbed following a healthy Q1 earnings report where the retailer beat the analyst EPS estimate by $0.16. Revenue for the quarter also topped expectations, coming in at $1.48 billion against the forecasted $1.46 billion.

Applied Digital (NASDAQ: APLD) – Up 7% The stock rallied on Wednesday evening following the announcement of a massive 15-year lease agreement with a prominent U.S. hyperscaler for its Polaris Forge 3 AI data center campus. The high-value contract is worth up to $18.2 billion if all options are exercised, locking in 300 MW of power for heavy AI workloads.

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