Cisco, StubHub Lead Midday Movers as Earnings Season Delivers Surprises

CNBC reported Thursday that a flurry of earnings results and analyst upgrades drove sharp moves across equities during midday trading, with technology and consumer names dominating the action.

Cisco and StubHub Headline the Midday Movers

Cisco Systems was the standout gainer in large-cap tech, with shares climbing 14% after the networking giant delivered a third-quarter beat and raised its forward guidance well above Wall Street forecasts. The company projected adjusted earnings of $1.16 to $1.18 per share for the current quarter. Revenue guidance of $16.7 billion to $16.9 billion also topped the $15.82 billion analyst consensus tracked by LSEG. Cisco simultaneously announced plans to cut 4,000 jobs.

Ticket marketplace StubHub popped 18% after reporting first-quarter revenue of $446 million. That figure exceeded the $432 million consensus estimate from LSEG analysts. Adjusted EBITDA of $72.1 million also cleared expectations of $65.1 million.

Ford and Yeti Add to Recent Gains

Ford Motor extended a strong two-day run, rising an additional 7% on Thursday after gaining 13% the prior session. Morgan Stanley highlighted the automaker’s energy storage division and its partnership with battery maker CATL, suggesting investors are underpricing the segment’s contribution to Ford’s Model e unit. Barclays separately estimated that Ford’s energy business could represent up to $3 billion in incremental revenue.

Cooler maker Yeti Holdings jumped 6% after beating estimates on both revenue and earnings. Yeti posted adjusted earnings of 26 cents per share against an 18-cent consensus and revenue of $380.4 million versus the $374.7 million expected.

Background: A Mixed Earnings Season Continues

Thursday’s midday action reflects the broader volatility of the current earnings season, where guidance gaps are punishing misses swiftly. Doximity illustrated that dynamic painfully, with shares tumbling 23% after the digital health platform offered current-quarter and full-year revenue guidance below analyst expectations. Fast-food chain Jack in the Box shed 12% after missing on both earnings and revenue in its second quarter.

Applied Materials rose roughly 2% ahead of its own fiscal second-quarter report, with analysts looking for earnings of $2.66 per share. The semiconductor equipment manufacturer’s shares have already gained 73% in 2026.

Other Notable Moves

Honda Motor posted its first annual loss in roughly 70 years following $9 billion in EV restructuring charges, yet U.S.-listed shares gained 5% on better-than-expected full-year guidance. Starbucks rose 2% after TD Cowen upgraded the stock to buy and lifted its price target to $120.

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