Check out the companies making the biggest moves midday: Super Micro Computer — Shares surged 25% after the server maker reported preliminary fourth-quarter results that featured much stronger profitability than investors had expected, offsetting revenue that came in near the low end of its guidance. EQT — Shares are up over 6.6% after the natural gas producer reported stronger-than-expected production for the second quarter. EQT also raised it’s 2026 sales volume guidance to 2,375–2,450 Bcfe from 2,275–2,375 Bcfe. Amazon — Shares of the e-commerce and cloud services giant slid 1%. Amazon trimmed jobs in its artificial intelligence group, CNBC confirmed on Wednesday. It’s the latest round of layoffs since the company announced back in January that it would let go about 16,000 of its corporate workers AAR — The $5 billion market cap provider of aviation services for airlines and government defense departments slid almost 11% after posting fiscal fourth quarter gross profit margin and adjusted EBITDA margin that didn’t top Wall Street analysts’ consensus estimates, according to FactSet’s StreetAccount service. Management said on an earnings call that margin pressure in the parts supply unit stemmed from constrained supplies of “used serviceable material.” Westinghouse Air Brake Technologies — The equipment provider for the rail industry saw shares pop 11% to touch a new 52-week high. Westinghouse lifted its guidance for the full year, calling for adjusted earnings of $10.60 to $10.90 per share on revenue of $12.3 billion to $12.6 billion. The FactSet consensus sought $10.63 per share on revenue of $12.39 billion. Chubb — The insurance company was down more than 3% despite reporting that growth in its property and casualty insurance business slowed compared to the previous quarter, which the company said was due to its underwriting discipline. Chubb expects that pressure on growth from its underwriting practices to ease, though. Dell Technologies , Hewlett Packard Enterprise — Super Micro Computer’s surge spilled over to its server peers, with the group as a whole boosted by the better-than-expected preliminary results. Dell and Hewlett Packard Enterprise were up 10% and 5%, respectively. Pegasystems — The software company tumbled more than 16% after it reported second-quarter results that fell short of Wall Street expectations. Adjusted earnings came in at 35 cents per share, below the 43 cents per share analysts polled by FactSet had projected. Rocket Lab — Shares rose 3.5% after the company won a $266 million contract from the U.S. Air Force. The contract includes the launch of 12 suborbital vehicles and is expected to be completed by the end of 2028. GE Vernova — Shares declined more than 7% despite the company reporting a beat on revenue in the second quarter and raising its full-year guidance. CEO Scott Strazik said in a press release that the company’s $176 billion backlog will permit continued revenue growth and margin expansion. AT & T — The telecommunications company rose 2.9% despite mixed results in its second-quarter earnings report. AT & T delivered adjusted earnings of 65 cents per share, above the FactSet consensus for 59 cents per share. CME Group — Shares were higher by 5% after the exchange operator reported earnings and revenue its second-quarter financial report above expectations. CME also said in a press release that the first half of 2026 was its best first six months of a year ever. — CNBC’s Darla Mercado, Ananya Chetia, Fred Imbert and Scott Schnipper contributed reporting.
Stocks making the biggest moves midday: SMCI, EQT, AIR, CB, PEGA
