Stocks saw mixed reactions as earnings quality, commodity strength, LNG guidance, AI memory demand, and quantum bookings drove moves.
Stock Earnings Results
May 13, 2026
Table of Contents
May 12, 2026
Stocks saw company-level reactions on Tuesday, with earnings results, commodity-linked revenue growth, LNG guidance updates, AI memory demand, quantum bookings, and biotech profitability expectations driving several notable moves.
Here are five stocks that reacted to major company events.
Move: +10.477%
Event: Earnings Miss Despite CARVYKTI Sales Growth
Shares of Legend Biotech moved +10.477% after the company reported first-quarter results that showed strong CARVYKTI sales growth, but a wider-than-expected loss and slightly lower-than-expected revenue.
Legend Biotech is a global cell therapy company focused on developing and commercializing treatments for cancer and other serious diseases. Its key product is CARVYKTI, a BCMA CAR-T therapy for multiple myeloma developed through its Janssen collaboration.
The company reported a loss of $0.15 per share, wider than estimates for a loss of $0.02, representing a negative 650.0% earnings surprise. Revenue came in at $305.10 million, below estimates of $308.39 million, with revenue growth of 56.4%.
Why It Moved:
Investors focused on the gap between strong product momentum and near-term profitability. CARVYKTI net trade sales rose 62% year-over-year, but the company still reported a wider-than-expected loss, suggesting the market wanted cleaner earnings leverage from the product’s global growth.
Move: +2.672%
Event: Revenue Surge and Higher Dividend
Shares of First Majestic Silver moved +2.672% after the company reported record first-quarter revenue, stronger cash flow, higher earnings, and an increased quarterly dividend.
First Majestic Silver is a precious metals mining company focused on silver and gold production.
The company reported adjusted EPS of $0.31, below estimates of $0.33, representing a negative 6.1% earnings surprise. Revenue came in at $476.67 million, below estimates of $1.19 billion, but still increased 95.4% year-over-year.
Why It Moved:
Investors focused on silver and gold price leverage rather than the estimate miss. First Majestic nearly doubled revenue, generated stronger free cash flow, reached a record treasury position, and raised its quarterly dividend, reinforcing the company’s exposure to higher precious metals prices.
Move: -13.256%
Event: Revenue Surge and Return to Profitability
Shares of Netlist moved -13.256% after the company reported first-quarter results showing strong revenue growth, a major improvement in gross profit, and a return to net income.
Netlist provides memory products and intellectual property tied to high-performance computing, including DDR5 and high-bandwidth memory technologies.
The company reported net sales of $104.9 million, up 262% from the prior-year quarter. Gross profit increased 1,622% year-over-year to $22.4 million, while net income was $8.6 million, or $0.03 per share, compared with a net loss a year earlier.
Why It Moved:
The market focused on AI memory demand and profitability. Netlist’s sharp revenue increase was supported by demand for memory products, while the swing to net income showed that growth was translating into earnings.
Move: +14.200%
Event: Revenue Beat and Higher 2026 EBITDA Outlook
Shares of Venture Global moved +14.200% after the company reported first-quarter results above expectations and sharply raised its full-year adjusted EBITDA outlook.
Venture Global is a U.S. liquefied natural gas company that develops, constructs, and operates LNG export facilities for global customers.
The company reported EPS of $0.19, above estimates of $0.13, representing a 46.2% earnings surprise. Revenue came in at $4.60 billion, above estimates of $4.17 billion, with revenue growth of 58.9%.
Why It Moved:
Investors focused on record LNG volumes and the guidance raise. Venture Global exported 130 cargos during the quarter and increased its 2026 adjusted EBITDA outlook to $8.2 billion to $8.5 billion, up sharply from its prior range of $5.2 billion to $5.8 billion.
Move: -7.033%
Event: Record Bookings Despite Revenue Miss
Shares of D-Wave Quantum moved -7.033% after the company reported a narrower-than-expected loss and record bookings, but revenue missed estimates and declined sharply from the prior-year period.
D-Wave is a quantum computing company offering annealing and gate-model quantum computing systems, software, and services.
The company reported a loss of $0.05 per share, narrower than estimates for a loss of $0.10, representing a 50.0% earnings surprise. Revenue came in at $2.86 million, below estimates of $5.01 million, with revenue down 80.9% year-over-year.
Why It Moved:
Investors weighed weak current revenue against future demand signals. D-Wave reported record bookings of $33.4 million, up nearly 2,000% year-over-year, but revenue fell because the prior-year quarter included a large system sale. The key question is whether bookings can convert into revenue over future quarters.
Today’s reactions show that investors are separating headline growth from earnings quality and forward visibility.
Key themes included:
biotech sales growth not being enough without cleaner profitability
silver and gold prices supporting miner cash flow
AI memory demand helping smaller semiconductor-linked names
LNG demand and guidance raises supporting energy infrastructure
quantum bookings creating future revenue expectations despite current revenue weakness
The strongest setups were companies showing both growth and improving financial visibility. The weaker setups were companies where investors had to weigh strong operational progress against earnings misses, revenue misses, or uncertain conversion from bookings to revenue.
Earnings reactions depend on what investors believe is changing after the report.
Legend Biotech showed strong CARVYKTI growth but missed profitability expectations. First Majestic showed how metal prices can drive cash flow and dividends. Netlist turned AI memory demand into revenue and profit growth. Venture Global raised its EBITDA outlook on strong LNG volumes. D-Wave showed strong bookings, but still needs to convert demand into recognized revenue.
Platforms like LevelFields track earnings beats, activist investor stake, layoffs, earnings, strategic events, and dividends, helping investors identify which company events are actually driving short-term stock reactions.
Join LevelFields now to be the first to know about events that affect stock prices and uncover unique investment opportunities. Choose from events, view price reactions, and set event alerts with our AI-powered platform. Don't miss out on daily opportunities from 6,300 companies monitored 24/7. Act on facts, not opinions, and let LevelFields help you become a better investor.
AI scans for events proven to impact stock prices, so you don't have to.
LEARN MORE