NXP Semiconductors is up more than 15% in premarket trading on Wednesday after the chipmaker reported upbeat results for Q1, with strong guidance to match.

For its first fiscal quarter of the year, NXP Semiconductors reported:

• Revenue of $3.18 billion, up 12% year-over-year and above analyst estimates of $3.15 billion (compiled by Bloomberg).

• Adjusted EPS of $3.05, topping Wall Street expectations of $2.99.

With the company’s CEO noting that “the momentum we have built is expected to accelerate through the remainder of 2026, with progress increasingly extending across the core of our business.,” in its press release, management also released better-than-expected guidance for the second quarter. The company now expects revenue to be between $3.35 billion to $3.55 billion, with the lower end of the range ahead of the average analyst estimate of $3.27 billion.

The chipmaker derived most of its revenue from its automotive (largest division) and industrial segments — markets that have been recovering from an industry-wide slump as customers clear out excess inventory from pandemic times. Texas Instruments, which also has similar end-markets, also recently provided a strong forecast for the full year.

Enphase Energy fell in after-hours trading Tuesday as uninspiring Q2 guidance overshadowed better-than-expected numbers in its Q1 earnings report. The maker of solar power and battery equipment reported:

• Sales of $282.9 million vs. the $282.3 million FactSet expectation.

• Non-GAAP diluted earnings per share of $0.47 vs. the $0.43 consensus estimate.

• Q2 guidance for revenue between $280 million and $310 million ($295 million at the midpoint) vs. the $294.9 million forecast.

Enphase was a sometimes popular retail trade of the Covid era, when federal tax credits and low interest rates led to a burst of activity for rooftop solar installation. Between the end of 2019 and 2022, the shares rose more than 1,000%.

But as interest rates rose — driven, in part, by both Fed hikes and worries the increases wouldn’t be enough to quell price growth — and Republicans stripped out key tax credits and subsidies for the solar sector from the federal budget, the shares tanked. They’ve lost nearly 90% of their value since peaking in December 2022, and have emerged as a favorite of short sellers. Roughly 20% of the company’s public float is now in the hands of bearish traders.

Fuel cell maker and momentum trading favorite Bloom Energy surged late Tuesday after reporting Q1 earnings and revenue that trounced Wall Street expectations while ratcheting guidance higher. Here are the numbers:

• Q1 adjusted earnings per share of $0.44 vs. the $0.12 expected by analysts, according to FactSet.

• Revenue of $751.1 million vs. the $539.9 million consensus forecast.

• Full-year EPS guidance of between $1.85 and $2.25 vs. previous guidance of between $1.33 and $1.48 and Wall Street expectations for $1.42.

Bloom Energy shares have been ripping in 2026. They’ve doubled this year, and were up sharply in April after the company announced that it was expanding a deal to supply its fuel cells to Oracle’s data centers. (Oracle also received warrants in April to buy Bloom stock as part of a previous deal.)

The rise of the stock — it’s up more than 1,200% over the last 12 months — has been driven by a simultaneous rise in market sentiment and expectations for business results. Analysts have lifted their full-year 2026 earnings expectations for Bloom by about 30% since the start of the year.

But even accounting for those improving fundamentals, the stock is still quite highly priced by conventional metrics, trading at a multiple of almost 120x earnings over the next 12 months and about 17x expected sales.

Seagate Technology Holdings ripped late Tuesday after the maker of hard disk drives, relatively cheap data storage devices, reported better-than-expected quarterly numbers and guidance in its earnings report. Seagate reported:

• Revenue of $3.11 billion vs. the $2.96 billion expectation from Wall Street analysts, per FactSet.

• Adjusted earnings per share of $4.10 vs. the $3.51 anticipated on the Street.

• EPS guidance of between $4.80 and $5.20 (midpoint $5.00) for the current quarter — which ends in June — vs. the $3.99 expectation.

• Sales guidance of between $3.35 billion and $3.55 billion ($3.45 midpoint) for the current quarter vs. Wall Street’s expectation for $3.16 billion.

The sudden explosion of Seagate shares — and those of its disk-making rival, Western Digital — has been one of the more surprising outgrowths of the AI boom.

A little over a year ago, on April 8, 2025, Seagate shares had been essentially flat for over a decade. (They ended that day up 0.1% since the end of 2014.) Since then, they’re up roughly 800%, as the reality of seemingly endless AI-related demand for data storage has become plain.

Perhaps most impressive is that the pace of the gains is quickening. If the after-hours gains hold, Seagate is on track for April to be its the best month since October 2011.

US gas prices climbed on Tuesday to their highest level in four years as peace talks between the US and Iran are at a standstill.

The national average gas price is currently $4.18 per gallon, according to the American Automobile Association. The 1.6% rise is the highest percentage increase in more than a month — and the last time the price of gas was this high was in April 2022 following Russia’s invasion of Ukraine.

Less than a week ago, AAA reported that US gas prices had gone down to $4.03 per gallon, giving drivers a very brief sigh of relief.

As Middle East peace talks stretch on, with Tehran reportedly offering to reopen the Strait of Hormuz if the US lifts its blockade and the war ends, the owner of shipping intelligence platform MarineTraffic revealed that the app has gained millions of new users since the conflict began.

MarineTraffic’s user count jumped to 8.5 million this April, up from 3.5 million a year ago, the cofounder of its parent company, Kpler, said in an interview with the Financial Times. Paid subscribers, often workers within companies and governments looking for more data on supply chains and commodities trading, rose 11,000 in the same period.

Kpler, which also owns shipping intelligence platform FleetMon, draws its data from a range of sources, including the Automatic Identification System, satellites, and more than 500 people on-site, like port terminal operators.

Per Appfigures data, MarineTraffic is estimated to have raked in almost $1 million across March and April in app revenue (through April 27), more than double the ~$346,500 from the same months last year. Across the full year, Kpler expects to earn between $300 million and $400 million in annual recurring revenues.

In a bombshell move, the United Arab Emirates announced that it will be leaving OPEC (and OPEC+) on May 1.

The Middle Eastern country will soon chart its own course on how much oil to supply to global markets, which have endured significant disruptions in light of the Iran war.

“This decision is taken at the right time in our view because it’s not going to hugely impact the market: the market is undersupplied,” said Energy Minister Suhail Al Mazrouei, according to Bloomberg.

The UAE is the third-largest producer within the oil cartel and among the world’s 10 largest, based on April data. Despite the positive implications for supply, the United States Oil Fund LP is still up about 2.5% as of 9:52 a.m. ET.

“After leaving OPEC, the UAE will continue its responsible role by gradually and thoughtfully increasing production, in line with demand and market conditions,” per the country’s official news agency, which added that the decision reflects “the state’s commitment to contribute effectively to meeting the urgent needs of the market, while geopolitical fluctuations continue in the near term through the disturbances in the Arabian Gulf and the Strait of Hormuz.”

The UAE’s access to global markets is less negatively impacted by the closure of this important oil shipping choke point than many other producers in the region, as the Port of Fujairah lies outside the Persian Gulf. However, energy infrastructure at this port has also come under fire during the conflict for precisely this reason.

While the timing of this move may come as a surprise, fractures between the UAE and some of largest producers in OPEC (and the expanded OPEC+ alliance) have arguably been long in the making. The UAE was the strongest advocate for a more aggressive boost to output during OPEC’s postpandemic slow return of supply, arguing that its productive capacity was too low. Eventually, the country won an increase to their baseline.

The UAE’s exodus “leaves OPEC even more Saudi-centric as the main holder of spare capacity and reduces the group’s future ability to manage prices — particularly given Russia’s inability to ramp production up and down as required,” wrote Viresh Kanabar, an investment strategist at Macro Hive. “More broadly, the closure of the Strait is likely to have lasting consequences for regional players and markets, and the UAE’s exit from OPEC is one example.”

Tinder owner Match Group has invested $100 million in Sniffies — a gay hookup site that’s earned a reputation as a raunchier rival to Grindr — in a deal that gives it an option to acquire the startup in the future.

It would not be Match’s first investment turned acquisition, having pulled the same strategy with Hinge, its currently fastest-growing app. Match will be sunsetting its existing gay dating app, Archer, and focusing its attention on Sniffies, the company told Bloomberg. The announcement sent Grindr slipping in after-hours trading.

Corning reported Q1 results before the bell on Tuesday that beat Wall Street’s expectations, but shares still fell from the company’s softer second-quarter guidance.

For the first quarter, Corning reported:

• Non-GAAP core earnings per share of $0.70, just beating consensus analyst expectations of $0.69, according to FactSet.

• Core sales of $4.34 billion vs. a $4.30 billion consensus estimate from analysts.

The fly in the Corning ointment was the outlook for Q2 2026. The maker of fiber-optic networking equipment now expects core sales to grow to approximately $4.6 billion, slightly lower than $4.65 billion forecast by analysts. Core EPS is expected to reach a range of $0.73 to $0.77, largely in line with the $0.75 Wall Street consensus.

Management highlighted the company’s “powerful momentum across our Market-Access Platforms,” or five fast-growing industries ranging from optics to mobile consumer electronics, but also noted that an additional $30 million of expense is expected in the second quarter compared to the first, as it upgrades and repairs its solar wafer facility to a “permanent power system.”

After such a hot run, with the stock up 85% so far this year, it’s no wonder that it’s taking a breather on results that don’t give analysts enough excuses to meaningfully bump their forecasts.

Indeed, Corning is one of a number of fiber-optic networking stocks — including Lumentum, Coherent, and Ciena Corp. — that have soared this year. They all handle slightly different aspects of the same undertaking: using light and electrical signals to almost instantly transfer the data that AI technology both consumes and produces.

Demand for their products has jumped as AI’s requirements for bandwidth, speed, and power have moved beyond the capacity of long-standing networking technologies, such as the copper cables that usually carry signals using electricity.

JetBlue reported its first-quarter earnings before markets opened on Tuesday. The carrier’s shares have ticked down about 2% in premarket trading.

For Q1, JetBlue reported:

• An adjusted loss of $0.87 per share, compared to Wall Street estimates of a loss of $0.73 per share from analysts polled by FactSet.

• Total revenue of $2.24 billion, in line with estimates.

JetBlue said it expects to pay between $4.13 and $4.28 per gallon for fuel in the second quarter, up from the $2.40-per-gallon average in the same period last year. The carrier also said it expects to recapture between 30% and 40% of fuel costs in Q2, and 100% by early next year. The airline forecast a boost in capacity by between 1.5% and 4.5% in the second quarter, compared to the Wall Street consensus of 3.2% growth.

Like its major US rivals, JetBlue has been pummeled by higher fuel costs amid the war in Iran despite reporting strong demand. Late last month, JetBlue became the first major US carrier to hike its bag fees in an effort to offset fuel costs. The rest of the industry soon followed.

In the coming days, JetBlue could see significant impact from the outcome of reports that the Trump administration is considering extending a lifeline to low-budget rival Spirit in the form of a loan of up to $500 million.

Like its larger rival United Airlines, JetBlue has reportedly been mulling merger partners of its own. A common industry theory is that United’s efforts to merge with American could have been a means to actually attempt a smaller (but still huge) merger with JetBlue.

The biggest music streaming business in the world just reported its first batch of earnings for the 2026 fiscal year, and shares have slumped nearly 12% in early trading as investors react to a more disappointing operating profit outlook for Q2.

In an otherwise solid Q1, Spotify reported:

• Total revenue of €4.53 billion ($5.3 billion), which was broadly in line with the company’s guidance and analyst estimates compiled by Bloomberg.

• Operating income of €715 million ($836 million), beating the €686 million ($802 million) consensus expectation from analysts.

• 761 million monthly active users, 2 million ahead of analyst forecasts at the headline level, though the number of Premium subscribers came in exactly where analysts were expecting, at 293 million.

The streamer, which raised US prices for the third time in three years at the start of 2026, has instead suffered this morning on its second-quarter guidance. For Q2, Spotify is now expecting operating income of €630 million — some way off the €674 million that analysts were forecasting before today’s print.