DoorDash, Zillow, Arm and Fortinet all reported quarterly results after the close, driving sharp after-hours moves across delivery, housing, semiconductors and cybersecurity names.
A cluster of earnings reports on May 6 sent several large-cap names moving sharply in after-hours trading, led by DoorDash, Zillow, Arm and Fortinet.
DoorDash reported first-quarter 2026 adjusted earnings of 42 cents per share on revenue of $4.04 billion and said second-quarter marketplace gross order value should reach $32.4 billion to $33.4 billion, above analyst estimates. Reuters reported the stock was up about 13% in extended trading after the update.
Fortinet also delivered a strong quarter, posting $1.85 billion in revenue, $0.82 in non-GAAP EPS and $2.09 billion in billings. The company raised its 2026 revenue guidance, helping the cybersecurity name move higher.
Arm’s results were more mixed. The chip designer reported fourth-quarter and fiscal-year 2026 results and initially jumped in after-hours trading on upbeat revenue guidance tied to AI data-center demand, but later gave back gains as commentary around supply constraints weighed on the stock.
Zillow reported first-quarter revenue of $708 million and diluted EPS of $0.19, but traffic fell 3% year over year and the stock traded lower after the release.
The moves reflect a familiar earnings-season pattern: companies that beat and raise are getting rewarded, while investors are punishing anything that points to slower demand, execution issues or limited near-term upside.
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