Cloudflare’s San Francisco office entrance at 101 Townsend Street (file photo; not from today’s trading). Photo: HaeB, Wikimedia Commons, CC BY-SA 4.0.
Company-specific earnings reactions dominated U.S. premarket trading on Friday, Nov. 6, 2026, separate from the broader futures rebound in semiconductors. In a CNBC movers wrap published about 8:05 a.m. ET, Cloudflare shares climbed 19% after quarterly results and a strong current-quarter outlook, Airbnb jumped 13% on a beat-and-raise report, and IREN rose nearly 19% after fiscal first-quarter revenue of $228 million. On the downside, DraftKings tumbled more than 20%, Atlassian dropped more than 18% and Five9 fell more than 17%.
Cloudflare’s beat-and-raise leads the winners
Cloudflare’s move was the clearest upside earnings catalyst in the CNBC list. CNBC said the internet-infrastructure company climbed 19% premarket after current-quarter guidance topped Street expectations, with adjusted earnings guided at 43 cents a share versus a FactSet consensus of 38 cents and revenue of $845 million to $846 million versus a consensus near $796 million. Investing.com’s earlier movers note, timed around the premarket window, said Cloudflare surged 12.6% after third-quarter revenue rose 39% year over year to $782.5 million versus about $736.8 million expected and adjusted earnings of $0.38 per share versus about $0.34. The percentage gap between those wraps shows how quickly the stock extended gains into the later premarket print CNBC cited.
Airbnb followed with a travel-demand beat. CNBC said the lodging marketplace jumped 13% after third-quarter earnings of $3.16 per share topped a $2.85 consensus and revenue of $4.87 billion beat $4.75 billion, citing LSEG data. Investing.com put the premarket gain at 11.4% to $189.50 and said management raised its full-year 2026 revenue-growth forecast to the high teens from at least mid-teens, while guiding fourth-quarter revenue to $3.22 billion to $3.28 billion versus a $3.16 billion estimate. Investing.com also said Airbnb’s board authorized a new $12 billion share-repurchase program.
IREN and Lam Research add AI-infrastructure fuel
Neocloud operator IREN jumped nearly 19% in the CNBC wrap after fiscal first-quarter revenue of $228 million, up from $137 million in the prior quarter. Investing.com put the premarket surge at 18.1% and said revenue beat a consensus near $221 million, with AI Cloud revenue nearly tripling to $200 million versus expectations near $185 million. CNBC noted that more than $4 billion in annual recurring revenue once projected to arrive in 2026 has been delayed until at least January 2027, and that IREN had dropped 31% in the past week before Friday’s bounce.
Lam Research, a semiconductor-equipment supplier, surged nearly 11% after its board authorized a $25 billion stock buyback, CNBC reported. An earlier Investing.com chip-rebound wrap had Lam up more than 9% in premarket trading alongside Micron, Marvell and AMD. That capital-return headline gave Lam a company-specific catalyst even as the broader chip complex was still repairing Thursday’s AI selloff tracked in The Boston Report’s Nasdaq correction coverage.
By the numbers: winners vs. losers
TBR calculations from the CNBC premarket percentages put Cloudflare’s roughly 19% gain and IREN’s nearly 19% rise about 1.5 times Airbnb’s 13% advance. On the downside, DraftKings’ more-than-20% drop is larger in absolute terms than Atlassian’s more-than-18% decline and Five9’s more-than-17% slide. Cloudflare’s guided Q4 revenue midpoint of about $845.5 million is roughly $49.5 million, or about 6.2%, above the $796 million FactSet consensus CNBC cited — TBR math from those published figures. Airbnb’s $4.87 billion revenue print is about $120 million, or roughly 2.5%, above the $4.75 billion estimate.
DraftKings, Atlassian, Five9 and Axon lead the losers
DraftKings was the sharpest downside print in the CNBC list, tumbling more than 20% premarket after a wider-than-expected third-quarter loss of 94 cents per share versus a 39-cent loss anticipated by LSEG-polled analysts, with revenue of $1.33 billion short of a $1.40 billion estimate. Sportsbook revenue totaled $784 million versus an $811.8 million StreetAccount consensus, CNBC said. That combination of a profit miss and a sales shortfall left little room for a relief bounce even as other consumer-internet names rallied.
Atlassian dropped more than 18% in the CNBC wrap despite beating quarterly estimates, as investors focused on slowing growth guidance. Investing.com’s earlier note put the decline at 15.8% after adjusted earnings of $1.65 per share versus $1.43 expected and revenue of $1.77 billion versus $1.71 billion, while flagging a fiscal 2027 revenue-growth forecast near 13.75% and subscription ARR growth near 18.5%. Five9 fell more than 17% in CNBC’s tally; Investing.com said the stock tumbled 16.7% after a weaker fourth-quarter adjusted-earnings forecast, even though third-quarter adjusted EPS of $0.82 and revenue of $323.3 million topped estimates. Axon Enterprise dropped nearly 9% after third-quarter EPS and revenue missed estimates and fourth-quarter guidance was weak, CNBC reported, and after the company pledged an additional $1.2 billion investment in drone maker Skydio.
What the single-stock tape means for the open
Unlike the index-futures narrative driven by payrolls and chip ETFs, Friday’s earnings tape is idiosyncratic: cloud infrastructure and travel are being rewarded for beats and raises, while sports betting, collaboration software and contact-center software are being punished for outlook risk. For readers following business news, that split matters because Cloudflare, Airbnb and IREN can lift niche AI and consumer baskets even if Dow futures stay soft. It also sits beside the broader debate over AI capital spending and regulation after the midterms, a theme still hanging over the U.S. economy and rate path tracked on the Federal Reserve desk.
Traders comparing single-name moves with Thursday’s index washout can also revisit The Boston Report’s midday note that the Dow dropped more than 1,500 points as the Nasdaq fell about 4.9%, and the chip-focused report on AMD’s mid-teen percentage slide. Friday’s premarket earnings winners show where fundamental news is still able to overpower that residual risk-off tone — and where weak guidance is amplifying it.
Sources
- CNBC — Stocks making the biggest moves premarket (Nov. 6, 2026, ~8:05 a.m. ET)
- Investing.com — Premarket movers: Airbnb, Cloudflare, IREN; Atlassian, Five9
- Investing.com — After-hours movers with Cloudflare, Airbnb, DraftKings and Lam detail
- CNBC — After-hours movers: DKNG, NET, ABNB, TEAM (Nov. 5, 2026)
Read next in Business & Finance
Most read this week
- Abdul El-Sayed and the Muslim Brotherhood Claims: What’s Confirmed and What Isn’t
- Stock Futures Erase a 2.4% Overnight Drop as Markets Digest Democrats’ Sweep of Congress
- Spain Transport Minister Óscar Puente Quits 26 Days Before Election Over Crash That Killed 69
- GM Korea’s Sales Jump 26.6% on Chevrolet Exports as Hyundai Slips 6.3% and Korean Factory Growth Cools
- Boston Plans to Close 3 Schools in 2028 as Enrollment Drops as Much as 58%
Latest
- UNIFIL to Start Lebanon Withdrawal After Dec. 31 Mandate End
- TESO Life Listed as Incoming Tenant at Former Blanchard’s Allston Flagship
- COP31 Opens in Antalya With U.S. Absent and 1.5C Off Track
- China Blocks SoftBank’s $5.4B ABB Robotics Takeover
- Fetterman-El-Sayed Feud Could Test Schumer’s Senate Unity Push