1. $Unity Software Inc.(U)$ surged 18.09%
Revenue: $471M vs. $453M expected (+4% beat)
Adjusted EPS: $0.20 vs. -$0.23 expected (+186% beat)
Outlook: Unity Software Inc. sees Q4 2025 revenue of $480-490 million, versus the consensus of $477 million.
The stock jumped due to Unity Software reporting stronger-than-expected Q3 results and providing positive revenue guidance.
"Third-quarter results once again meaningfully exceeded expectations on both revenue and Adjusted EBITDA, powered by Unity Vector AI, as well as continued strength in Create,” Unity said in a statement.
2. $Pinterest, Inc.(PINS)$ slided 21.76%
Revenue: $1.05B vs. $1.05B expected (in line)
Adjusted EPS: $0.38 vs. $0.42 expected (−9.5% miss)
Outlook: Q4 revenue will come in between $1.31 billion and $1.34 billion. The midpoint of the revenue outlook, $1.325 billion, trailed Wall Street’s projections of $1.34 billion.
The stock fell mainly due to Q3 earnings missing expectations and Q4 revenue guidance slightly below estimates, amid intensifying competition for ad revenue.
"Our investments in AI and product innovation are paying off," Chief Executive Bill Ready said in a news release. "We've become a leader in visual search and have effectively turned our platform into an AI-powered shopping assistant for 600 million consumers."
3. $Upstart Holdings, Inc.(UPST)$ plunged 9.71%
Revenue: $277.1M vs. $279.6M expected (−0.9% miss)
Adjusted EPS: $0.52 vs. $0.42 expected (+23.8% beat)
Outlook: Q4 revenue $288M vs. $303.7M consensus; full-year revenue revised to ~$1.035B vs. $1.06B consensus; fee revenue ~$946M vs. prior ~$990M; net interest income ~$89M (up from prior ~$65M); adjusted EBITDA margin guidance raised to ~22% from prior ~20%.
Shares dropped due to weaker-than-expected Q4 and full-year revenue guidance, despite strong Q3 earnings and improved EBITDA margin outlook.
Co-Founder and CEO Dave Girouard said, "Our AI platform is performing exactly as designed, rapidly adapting to evolving macro signals while delivering strong results," highlighting confidence in the company’s long-term AI-driven lending strategy.
4. $Arista Networks(ANET)$ plunged 9.54%
Revenue: $2.31B vs. $2.26B expected (+2.2% beat)
EPS: $0.75 vs. $0.71 expected (+5.6% beat)
Outlook: Q4 revenue guidance $2.30–$2.40B (midpoint $2.35B vs. $2.33B expected), gross margin 62–63%; FY 2025 revenue ~$8.87B (+26–27% YoY), long-term FY 2026 target ~$10.65B. AI networking revenue expected to grow 70% in 2026 to ~$2.75B.
Arista once again delivered a strong quarter, beating expectations on both the top and bottom lines. However, a softer margin outlook, in-line revenue guidance, and a broader tech-sector pullback prompted short-term profit-taking.
"Our centers of data strategy is resonating well across customers and analysts because it delivers a superior client to campus to cloud/data and AI centers experience," said Arista CEO Jayshree Ullal. "After yet another strong performance in Q3 2025, Arista is well-positioned as a strategic networking provider with continued durable execution."
5. $Upwork Inc.(UPWK)$ dropped 0.4%
Revenue: $201.7M (in line)
EPS: $0.21 vs. $0.25 expected (–16% miss)
Outlook: Q4 revenue guidance of $193M–$198M and EPS of $0.31–$0.33; FY2025 EPS outlook of $1.35–$1.37 and revenue of $728M–$787M, both above consensus.
The stock edged lower as investors weighed the strong improvement in profit margins against a disappointing earnings outlook. While operational efficiency improved, management’s guidance for declining future earnings raised concerns about growth momentum, tempering bullish sentiment despite the margin gains.
"The third quarter marked the start of the next chapter for Upwork. As we build the world’s human and AI-powered work marketplace, we’re driving phenomenal user productivity and engagement, resulting in a return to positive GSV growth,” said Hayden Brown, president and CEO, Upwork Inc. "We are executing with speed and precision across our growth levers of AI, SMB, and Enterprise, and are now on the path to sustained, multi-year growth.”
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