Check out the companies making the biggest moves in premarket trading: Meta Platforms — The Facebook parent dropped 9% after the company hiked its full-year capital expenditures guidance to a range of $125 billion to $145 billion, raising concern over its AI spending. That forecast overshadowed a better-than-expected Q1 report. Eli Lilly — The Zepbound and Mounjaro maker’s first-quarter earnings and revenue blew past analyst expectations, sending the stock nearly 8% higher. Eli Lilly also increased its full-year sales outlook to between $82 billion and $85 billion, up from a previous guidance of $80 billion to $83 billion. Alphabet — Shares popped 7.4% after the tech titan posted first-quarter revenue of $109.9 billion, beating the $107.2 billion analysts polled by LSEG had expected. Google cloud revenue surged 63% from a year earlier to $20.02 billion last quarter, while analysts had penciled in $18.05 billion, per StreetAccount. Microsoft — The “Magnificent Seven” stock shed nearly 2%. Microsoft reported $31.9 billion in capital expenditures and finance leases for its fiscal third quarter, below the $34.9 billion consensus among analysts polled by Visible Alpha. However, the company posted an earnings and revenue beat in its last quarter. Royal Caribbean — The cruise operator jumped 7% following its latest financial results. Royal Caribbean’s adjusted earnings for the first quarter came in at $3.60 per share, topping the $3.20 expected from analysts polled by FactSet. Revenue was $4.45 billion, slightly below the $4.46 consensus estimate. The company also lowered the top range of its full-year EPS guidance. Caterpillar — Shares popped 4.5% on the back of the company’s beat on both the top and bottom lines for its first quarter . Caterpillar reported adjusted earnings of $5.54 per share on revenue of $17.42 billion. Analysts had expected EPS of $4.62 on revenue of $16.61 billion. Amazon — Shares added 3% after the company reported first-quarter results that were above estimates. The online retailer and cloud giant reported earnings of $2.78 per share and $181.52 billion in revenue, compared to expectations for $1.64 in earnings per share and $177.3 billion in revenue, according to LSEG. Merck — The pharma giant rose 3.4% after its first-quarter results beat expectations thanks to strong demand for its cancer immunotherapy Keytruda. Merck lost an adjusted $1.28 per share, versus the LSEG consensus of an adjusted $1.51 loss per share. Revenue came in at $16.29 billion, above the $15.82 billion expected from analysts. Qualcomm — The chip manufacturer surged 11% after adjusted earnings surpassed expectations. Second quarter profit came in at $2.65 per share on an adjusted basis, versus the LSEG consensus of $2.56 per share. Stellantis — U.S.-listed shares of the auto giant dropped 5%. The Jeep maker reported first-quarter adjusted operating income that tripled and topped expectations, yet one analyst called the results “messy” and noted “significant moving parts” related to provisions and tariffs. Carvana — The online used car marketplace popped more than 10%. Carvana said that it sees a “sequential increase” in retail units sold and adjusted EBITDA in the second quarter, leading to company records on both metrics. In the first quarter, retail unit sales came in at 187,393 versus the 182,394 StreetAccount consensus estimate. Ford Motor — The car manufacturer shed 5%. Ford raised its 2026 guidance , calling for adjusted earnings before interest and taxes of $8.5 billion to $10.5 billion. First-quarter revenue of $39.82 billion also topped the LSEG consensus estimate of $38.82 billion. KLA Corp — The maker of wafer fabrication equipment fell 5%. KLA’s fourth-quarter guidance failed to impress Wall Street, as the company called for adjusted earnings of $8.87 to $10.87 per share, compared to the LSEG consensus of $9.80 per share. Revenue is expected to land at $3.575 billion at the midpoint, versus the Street’s estimate of $3.536 billion. Chipotle Mexican Grill — The burrito chain’s stock rose more than 4% after Chipotle posted a 0.5% gain in same-store sales during the first quarter. Analysts had anticipated the key metric would fall 0.7% during the period, per FactSet. Sprouts Farmers Market — The gourmet grocery chain moved 3% higher after posting a first-quarter earnings and revenue beat versus FactSet estimates. Sprouts also raised its full-year 2026 earnings guidance to a range of $5.32 to $5.48 per share, above prior estimates of between $5.28 to $5.44 per share. Teladoc Health — Shares slipped nearly 9% after the telemedicine and virtual healthcare company posted a loss of 36 cents per share, wider than the 34-cent loss analysts polled by FactSet had expected. However, the company did post a first-quarter revenue beat. Equinix — The data center stock fell about 5%. Although Equinix raised its 2026 forecast, analysts had anticipated more robust growth. The company expects revenue this year to be between $10.144 billion and $10.244 billion, up from an earlier estimate of $10.123 billion to $10.223 billion. However, the analysts’ consensus was near the top end of that range, according to FactSet. Equinix expects adjusted funds from operations of $42.31 to $43.11 up from a prior estimate of $41.93 to $42.74 per share. Analysts had expected $42.52 per share, on average. Wyndham Hotels & Resorts — The hospitality stock rose more than 2% after Wyndham reported first-quarter adjusted earnings of 96 cents per share on revenue of $327 million. Analysts surveyed by FactSet had anticipated earnings of 86 cents a share and $322 million in revenue. Carrier Global — Shares climbed 4% following Carrier Global’s first-quarter beat on the top and bottom lines. The company reported adjusted earnings of 57 cents, versus the 51 cents expected from analysts polled by FactSet. Revenue was $5.34 billion, versus the $5.01 billion consensus estimate. — CNBC’s Lisa Han, Christina Cheddar Berk, Davis Giangiulio, Alex Harring, Fred Imbert and Darla Mercado contributed reporting.
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