Check out the companies making headlines in after-hours trading. Applied Materials — The California-based semiconductor equipment company jumped 11% on the back of blowout earnings results. Applied Materials reported adjusted earnings of $2.38 per share on revenue of $7.01 billion, while analysts polled by LSEG expected earnings of $2.20 per share on revenue of $6.87 billion. Coinbase — Shares of the crypto company rose nearly 2%. Coinbase said that its total trading volume in 2025 hit $5.2 trillion, up 156% year over year. The firm also reported that its subscription and services revenue rose to $2.8 billion in 2025, up from $2.3 billion in the year prior. That’s despite the fact Coinbase fell short of the Street’s expectations on revenue for the fourth quarter. Rivian Automotive — The electric truck manufacturer surged 14%. The company said it sees 2026 vehicle deliveries ranging from 62,000 to 67,000 units , which would be higher by 47% to 59% compared to 2025. Fourth-quarter adjusted losses came in at 54 cents per share, narrower than the LSEG consensus for a loss of 68 cents per share. Revenue of $1.29 billion topped the estimate of $1.26 billion. Arista Networks — The networking company’s stock jumped 18% in after-hours trading. First quarter revenue guidance of about $2.6 billion topped the FactSet consensus call of $2.46 billion. In the fourth quarter, Arista earned 82 cents per share, on an adjusted basis, while analysts polled by FactSet expected 76 cents per share. Revenue of $2.49 billion also exceeded the $2.38 billion consensus estimate. Airbnb — Airbnb reported fourth-quarter results after the bell and gave upbeat guidance, leading the stock to jump about 2%. Airbnb reported earnings of 56 cents per share on $2.78 billion in revenue, while analysts polled by LSEG expected 66 cents per share on $2.72 billion in revenue. The company said it expects full-year revenue growth of “at least low double digits,” and analysts were expecting 10.2% growth. Pinterest — Shares of the social media company plunged 14% in extended trading. Pinterest posted disappointing fourth-quarter results and gave weak guidance for first-quarter sales. For its previous period, Pinterest earned 67 cents per share, excluding items, while analysts polled by LSEG expected 69 cents per share. Fourth-quarter revenue of $1.32 billion came out slightly lower than the $1.33 billion expected, according to LSEG. DraftKings — Shares fell about 15% after the sports betting operator’s 2026 revenue forecast disappointed. In the fourth quarter, DraftKings earned 25 cents per share on revenue of $1.99 billion. That was better than LSEG estimate of 15 cents per share in earnings and $1.98 billion in revenue. However, the company expects revenue this year to be between $6.5 billion and $6.9 billion, far below the consensus estimate of $7.31 billion. Bio-Rad Laboratories – The life science stock dropped more than 12% after the company’s fourth-quarter adjusted earnings of $2.51 per share missed the $2.71 per share that analysts polled by FactSet had estimated. The company’s full-year revenue growth forecast also missed expectations, calling for growth in the period between 0.5% and 1.5%, while analysts expected 2.7% growth, per FactSet. However, Bio-Rad’s fourth-quarter revenue came in better than expected. Toast – Shares of the restaurant point-of-sale system fell more than 7%. Toast’s fourth quarter revenue came in at $1.63 billion, narrowly beating the LSEG consensus estimate of $1.62 billion. The company sees full-year adjusted EBITDA ranging from $775 million to $795 million, versus the StreetAccount consensus of $787 million. Dutch Bros — The drive-thru coffee shop operator rose 11% after reporting fourth-quarter earnings of 17 cents per share excluding some items, compared to the LSEG consensus estimate of 10 cents per share. The company also beat on revenue, posting $444 million for the three-month period versus analysts’ expectation of $425 million. Instacart — Shares of the grocery delivery platform jumped almost 15% after Instacart beat analysts’ fourth-quarter revenue estimates and said it saw its strongest quarter of gross transaction value in three years aided by growth in its enterprise platform. Instacart also issued strong guidance for the first quarter. JFrog — The software supply chain platform fell 8%. Guidance for the first quarter calls for adjusted earnings of 20 cents to 22 cents per share, while the FactSet consensus sought 20 cents per share. Fourth quarter results beat on the top and bottom lines. — CNBC’s Darla Mercado, Christina Cheddar Berk, Sean Conlon, Davis Giangiulio, Liz Napolitano and Itzel Franco contributed reporting.
