Netflix shares slid 9% in premarket trading. The drop was triggered by a disappointing forward outlook despite mixed Q2 results. Netflix reported Q2 EPS of $0.80, narrowly beating the $0.79 consensus, representing an 11.1% year-over-year increase. However, revenue of $12.56 billion came in slightly below the $12.587 billion estimate.
Intuitive Surgical tumbled 9%.The sell-off was triggered after the company reported Q2 fiscal results that beat Wall Street expectations but failed to raise full-year guidance, while management flagged persistent challenges in the China market. While the surgical robotics pioneer posted a solid earnings beat of $2.80 per share on $2.89 billion in revenue, management projected 2026 da Vinci procedure growth closer to the midpoint of its 13.5% to 15.5% range.
SpaceX declined 5% in premarket trading. The drop was triggered by the aborted Starship 13th flight test — the company's first launch attempt since its historic IPO in June. The Starship was scheduled to lift off at 5:45 PM local time from SpaceX's Starbase facility in southern Texas, but multiple Raptor engines failed to ignite, triggering an automatic abort procedure less than one second before launch. The abort compounded existing downward pressure.
Regenxbio plunged 18% after announcing plans for a $100 million underwritten public offering of its common stock. The biotech company also intends to grant underwriters a 30-day option to buy up to an additional 15% of shares, raising near-term dilution concerns for current shareholders. The capital raised is slated to help fund its clinical-stage gene therapy pipeline, though the immediate stock pressure reflects classic capital-raise drag.
Alcoa declined 1% after missing Q2 analysts’ estimates on both the top and bottom lines. The aluminum producer reported an EPS of $2.12, coming in $0.20 short of expectations, alongside revenue of $3.97 billion. Soft aluminum pricing and lingering global manufacturing headwinds continue to pressure the metal giant’s margins.
