Intel's shares rose 4% after reporting its highest quarterly revenue growth in nearly 15 years, with Q2 revenue reaching $16.1 billion, a 25% increase year-over-year, and adjusted earnings per share of 42 cents exceeding analyst expectations. Oracle's stock climbed nearly 3% following a $7 billion, 10-year software agreement with the Pentagon, enhancing its position in the defense sector.
Conversely, Deckers Outdoor's shares fell 3% as its first-quarter revenue of $1.02 billion met expectations but fell short in brand performance. Robert Half's shares dropped almost 7% after reporting second-quarter earnings of 26 cents per share, aligning with forecasts but showing only a slight revenue increase.
Amkor Technology surged over 11% after announcing a $1.5 billion agreement with Nvidia to develop advanced semiconductor technologies. MaxLinear's shares tumbled more than 9% despite better-than-expected earnings and guidance, likely due to profit-taking after a significant stock increase earlier in the year.
Other notable movements included Tenet Healthcare's 16% rise following strong earnings and guidance, American Express's 3% dip due to a revenue miss despite earnings exceeding expectations, and SAP's 5% increase driven by a 27% growth in its cloud backlog. Overall, these movements reflect a mixed earnings season, with some companies benefiting from strong performance while others face challenges