After Hours Summary: HPE +36.5% soaring on strong results and guidance; MCHP +10.4% on data center business update; CRDO -10.3% lower on earnings
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: HPE +36.5%, DHC +2.2% (increases guidance),
Companies trading higher in after hours in reaction to news: MCHP +10.4% (expects revenue of $500 mln in CY26 for its Data Center Solutions Business Unit), PENG +5.4% (CFO to step down; sees FY26 results at high end of guidance), AVGO +3.3% (showcases broadband edge AI portfolio), OBE +2.7% (provides an update to its 2026 capital program and guidance), FLR +2.6% (notice to proceed for proposed Phase 2 expansion of LNG Cnada facility), AD +1.5% (closes license agreement with Verizon; declares $11/sh special dividend), RMD +0.8% completes acquisition of Noctrix Health), HNRG +0.7% (acquires 460 MW of Siemens Turbines for $350 mln), MLI +0.5% (2-for-1 stock split), SAM +0.3% (expects lower interest expense in Q2), LHX +0.1% (awarded $495 mln Army contract modification)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CRDO -10.3%
Companies trading lower in after hours in reaction to news: FULC -48.9% (to discontinue its pociredir program for the treatment of SCD; initiates review), ABVX -35% (Phase 3 ABTECT Maintenance Trial results evaluating Obefazimod in moderately to severely active ulcerative colitis), PRAX -10.5% (provides vormatrigine program update), XMTR -8.9% (stock offering), AVEX -8.1% (stock offering; also stock offering by holders), ASYS -7% (stock offering), CSR -5.5% (optimization and deleveraging plan), NU -4.2% (appoints new CFO), GOOG -1.9% (proposed $80 bln equity capital raise to expand AI infrastructure and compute; Includes agreement by Berkshire Hathaway to invest $10 bln in company in private placement), NOG -1.3% (files mixed shelf offering), XNDU -0.9% (stock offering by selling shareholders), AWK -0.7% (completes purchase of Nexus Water Group Systems in eight states), VRRM -0.7% (CEO to step down), TTWO -0.2% (files for 329,949 share common stock offering, relates to stock incentive plan), LPX -0.2% (CFO to retire; names successor)