Shares of several large-cap technology and financial firms moved noticeably in after-hours trading on results and forward guidance disclosed by individual companies. The sessions were dominated by three stories: Micron Technology's blowout quarterly report and forecast, Qualcomm's roadmap to reduce dependence on handsets, and JPMorgan Chase & Co.'s shareholder payout plans following regulatory stress-test results.
Micron Technology (MU)
Micron surged 11% after reporting a significant beat on both revenue and earnings for its fiscal third quarter, with the company attributing strength to robust AI memory demand. Management provided an aggressive outlook for the fiscal fourth quarter, forecasting revenue of $49 billion to $51 billion compared with a Wall Street consensus of $43.24 billion. The magnitude of Micron's upside also nudged peers Western Digital and SanDisk higher in after-hours trade, according to company reports.
Qualcomm (QCOM)
Qualcomm shares rose 9% after the company's 2026 Investor Day presentation, where executives outlined plans to diversify away from reliance on smartphone sales. Management projected non-handset revenue reaching $40 billion by fiscal 2029, driven in part by rapid expansion into data center and automotive markets. The company said its expanding data center business alone is expected to generate "billions" by 2027.
JPMorgan Chase & Co. (JPM)
JPMorgan led major banks higher after clearing the Federal Reserve's annual stress tests, a result the bank framed as evidence of a "fortress balance sheet" capable of weathering severe economic downturns. The bank's board approved a 10% increase to the quarterly dividend, taking it to $1.65 per share, and authorized a new $50 billion share buyback program. The news also helped lift other large bank names, with Goldman Sachs, Wells Fargo, and Morgan Stanley said to be preparing to increase shareholder payouts.
Market indicators and session notes
Intraday and after-hours tickers referenced in company announcements included JPM-0.21%, QCOM-3.33%, SNDK-2.15%, MU-0.44%, and WDC-3.99% as noted in post-session summaries.
This collection of company-driven moves highlights dynamic investor reactions to earnings beats, strategic roadmaps, and regulatory outcomes, with potential implications for semiconductors, data-center suppliers, automotive technology suppliers, and the large-cap banking sector.