Nvidia CEO Jensen Huang warns that losing access to China's fast-growing $50 billion AI market due to U.S. chip restrictions would be a major blow to American innovation, jobs, and revenues, but says the company will stay agile and adapt.
Lift truck and material handling solutions manufacturer Hyster-Yale Materials Handling (NYSE:HY) fell short of the market’s revenue expectations in Q1 CY2025, with sales falling 13.8% year on year to $910.4 million. Its non-GAAP profit of $0.49 per share was in line with analysts’ consensus estimates.
AI-powered lending platform Upstart (NASDAQ:UPST) beat Wall Street’s revenue expectations in Q1 CY2025, with sales up 67% year on year to $213.4 million. On the other hand, next quarter’s revenue guidance of $225 million was less impressive, coming in 1.6% below analysts’ estimates. Its non-GAAP profit of $0.30 per share was 75.9% above analysts’ consensus estimates.
Online fashion retailer Revolve (NASDAQ:RVLV) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 9.7% year on year to $296.7 million. Its GAAP profit of $0.16 per share was 14.7% above analysts’ consensus estimates.
Shares of online work marketplace Upwork (NASDAQ:UPWK)
jumped 19% in the afternoon session after the company reported strong first quarter 2025 results which significantly beat analysts' revenue and EBITDA expectations, with full-year EBITDA and EPS guidance also coming in ahead of Wall Street's estimates. Despite only a 1% lift in sales and a 2% dip in total services volume, the business managed to protect its bottom line through more efficient cost management. On the other hand, its number of customers declined. Still, with AI-related spending climbing and new premium services gaining traction, Upwork has shown it can offset customer churn with better monetization and cost control. Overall, this print was mixed but still had some key positives.
Shares of telehealth company Hims & Hers Health (NYSE:HIMS) jumped 20.2% in the afternoon session after the company reported strong first quarter 2025 results which significantly beat analysts' expectations on revenue, EPS, and EBITDA. Revenue more than doubled from last year driven by higher monthly spending per subscriber and a broader product mix tailored to personalized health needs. While subscriber growth slowed to 38% year over year, average revenue per user climbed over 50%, indicating deeper wallet share from existing customers and more engagement with premium offerings.
On the other hand, revenue guidance was softer than anticipated. Still, we think this was a decent quarter.
Shares of online fashion resale marketplace ThredUp (NASDAQ:TDUP)
jumped 44.7% in the afternoon session after the company reported strong first quarter 2025 results which beat analysts' sales, earnings and EBITDA estimates. In addition, it provided optimistic full-year revenue guidance that blew past analysts' expectations.
What stood out was the flood of new shoppers, up nearly 95%, making it the best quarter ever for signups. This helped push sales up 10% from the previous year. On the other hand, the number of orders missed. Still, we think this was a solid print.
Shares of cloud computing provider DigitalOcean (NYSE: DOCN)
fell 14.5% in the afternoon session after the company reported weak first quarter 2025 results which included significantly missed EPS guidance for next quarter and full-year revenue guidance merely in line with expectations. On the other hand, DigitalOcean beat analysts' EBITDA expectations this quarter and net revenue retention grew. Still, this was a mixed quarter.
Shares of solar power systems company SolarEdge (NASDAQ:SEDG)
jumped 11.1% in the afternoon session after the company reported strong first quarter 2025 results which beat analysts' sales and EBITDA estimates. Sales rose by 12% from the last quarter, driven by more shipments of inverters and batteries. This signaled improving demand, even with policy headwinds still in play. Zooming out, we think this quarter featured some important positives.
Shares of industrials products and automation company Regal Rexnord (NYSE:RRX).
jumped 13.7% in the afternoon session after the company reported strong first quarter 2025 results which significantly beat analysts' organic revenue expectations. In addition, its EPS and full-year EPS guidance topped Wall Street's estimates. What stood out was the 8% organic growth in its Power Efficiency unit, thanks to solid demand for home heating and cooling equipment in North America. Also, while sales dropped due to selling off a business, the company's core lines still grew nearly 1% organically. Zooming out, we think this quarter featured some important positives.
Shares of solar energy systems company Shoals (NASDAQ:SHLS)
jumped 14.9% in the afternoon session after the company reported strong first quarter 2025 results which beat analysts' revenue and EBITDA expectations. In addition, next quarter revenue guidance and full-year EBITDA guidance topped Wall Street's estimates. The size of its future work pipeline, orders in hand, grew 5% to $645 million, most of which is set to turn into sales soon. Revenue did fall from the previous year, mainly due to changes in pricing and the type of products sold, but that shortfall was less important than the outlook. Overall, we think this was a solid quarter with some key areas of upside.
Shares of data-mining and analytics company Palantir (NYSE:PLTR)
fell 13.3% in the afternoon session after the company reported first quarter 2025 results, which had high expectations heading into the prints, making it hard for the stock to impress Wall Street. The quarter itself was fine. Palantir beat analysts' revenue and adjusted operating income expectations and raised full-year guidance on both metrics. Zooming out, we think this was a decent quarter, but markets were expecting more given its lofty valuation.
