WS #13493

From 500 msgs · 7 key-dev

The dominant theme in this window is a heavy post-market earnings dump, with several high-profile tech and software names moving sharply. AppLovin (APP) cratered 20% after Q2 revenue missed and guidance disappointed, while HubSpot (HUBS) fell on soft Q3 guidance and a cut to FY26 sales outlook. SanDisk (SNDK) and Western Digital (WDC) both beat but sold off after-hours on guidance that fell short of ultra-bullish forecasts, with SNDK down ~3% and WDC down ~8%. Salesforce (CRM) announced a new COO (Miguel Milano) and the departure of its engineering chief, adding to leadership churn amid a 27% YTD decline. On the positive side, Block (XYZ) beat and guided above, DoorDash (DASH) issued strong guidance, and several industrial/energy names (Curtiss-Wright, Murphy USA, Occidental, Matador) delivered beats. Geopolitically, multiple sources report a potential US-Iran Strait of Hormuz deal is close, with Kalshi odds rising to 27%, while Houthis claimed a tanker attack in the Gulf of Aden—this is a mixed signal for oil. The earnings season narrative is ESCALATING with high single-stock volatility.

Topics

Key developments

  • AppLovin craters 20% after Q2 revenue miss and soft guidance
  • SanDisk and Western Digital beat but fall after-hours on guidance short of bullish forecasts
  • HubSpot issues weak Q3 guidance and cuts FY26 sales outlook
  • Salesforce promotes Miguel Milano to COO; engineering chief Srini Tallapragada departs
  • Block beats Q2 and guides above; DoorDash issues strong guidance
  • US-Iran Strait of Hormuz deal reportedly close; Houthis claim tanker attack in Gulf of Aden
  • Occidental Petroleum, Matador Resources, Murphy USA, and Allstate report strong beats