After-Hours Stock Movers: META, MSFT, CMG, SBUX, CVNA, LRCX, FTNT, QCOM, TDOC

After-Hours Stock Movers:

Meta Platforms (NASDAQ: META)

Meta stock dropped 6% after missing Q2 earnings expectations, reporting an EPS of $6.18 against the $7.17 consensus due to a $2.4 billion legal charge. While revenue grew to $60.8 billion, investors were unnerved as management narrowed its 2026 capital expenditures target higher to $130–$145 billion and raised full-year expense guidance to $165–$169 billion to aggressively fund AI hardware.

Microsoft (NASDAQ: MSFT)

Microsoft shares gained 2% following a standout fiscal Q4 beat, with EPS hitting $4.74 (topping the $4.24 estimate) on revenue of $90.01 billion. Cloud momentum continues to accelerate, with Azure revenue leaping 43% year-over-year while Microsoft 365 Copilot crossed 30 million paid seats, demonstrating clear enterprise monetization of its AI investments.

Chipotle Mexican Grill (NYSE: CMG)

Chipotle rose 7% after posting solid Q2 earnings of $0.33 per share on revenue of $3.35 billion. Management reiterated low-single-digit full-year comparable restaurant sales growth and plans to open 350 to 370 new locations in 2026, with nearly 80% featuring its high-margin "Chipotlane" drive-thrus.

Starbucks (NASDAQ: SBUX)

Starbucks jumped 11% on a top- and bottom-line Q3 beat, posting EPS of $0.85 (well ahead of $0.66 expected) on $9.3 billion in revenue. SBUX surged primarily on a strong turnaround in global store traffic, delivering same-store sales growth of +7.9% compared to the +5.73% consensus.

Carvana (NYSE: CVNA)

Carvana plummeted 14% after reporting Q2 financial results. While top-line revenue reached $7.38 billion (above $6.86 billion expected) and management expects full-year 2026 Adjusted EBITDA of $2.7–$3.0 billion, profit-taking and elevated valuation metrics triggered a sharp sell-off following a massive year-to-date run-up.

Lam Research (NASDAQ: LRCX)

Lam Research climbed 7% following a clean beat-and-raise fiscal Q4 report ($1.82 EPS vs. $1.68 expected). Guidance for fiscal Q1 2027 blew past consensus estimates, projecting revenue of $8.1 billion (±$400M) and EPS of $2.15 (±$0.15), driven by rapid fab equipment spending for high-bandwidth memory (HBM) and next-gen AI chips.

Fortinet (NASDAQ: FTNT)

Fortinet surged 10% after delivering an impressive Q2 beat and raising its full-year guidance across the board. The cybersecurity firm reported an EPS of $0.90 on $2.05 billion in revenue, while boosting its full-year 2026 EPS target to $3.41–$3.47 and sales to $8.02–$8.18 billion, reflecting robust enterprise demand for its unified SASE and platform security products.

Qualcomm (NASDAQ: QCOM)

Qualcomm shares fell 4% after missing Q3 earnings estimates with an EPS of $2.21 (versus $2.23 expected) on $9.95 billion in revenue. Sentiment was further weighed down by light Q4 EPS guidance of $2.05–$2.25 (midpoint $2.15 vs. $2.35 consensus), indicating near-term margin pressure in its core mobile chip business.

Teladoc Health (NYSE: TDOC)

Teladoc plummeted 24% after reporting disappointing Q2 top-line figures ($606.9 million vs. $614.99 million consensus) and slashing its forward guidance. Management issued weak Q3 and full-year 2026 revenue outlooks that missed Wall Street targets by a wide margin, as member acquisition costs and slower direct-to-consumer mental health demand continue to weigh on the platform.

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