After-Hours Movers | ARM Holdings Drops 10%; Snap Gains 1.5%; Symbotic, Tenable Rally about 10%; Align Technology Soars 11%

Shares of Arm Holdings fell about 10% on Wednesday as its licensing revenues slightly missed Wall Street estimates, despite a push by the company to boost the segment with new chip technology designs.

The company forecast fourth-quarter revenue above Wall Street estimates on Wednesday, driven by demand for its energy-efficient chip designs used in artificial intelligence applications from data centers to smartphones.

Snap beat Wall Street estimates for fourth-quarter revenue, as more advertisers turned to the social media platform during the holiday season, sending its shares up 1.5% in extended trading.

The Snapchat-parent said total active advertisers on the platform rose 28% in the fourth quarter, underscoring strength in direct response ads and growth in new ad formats such as Sponsored Snaps and Promoted Places.

Symbotic, Inc. shares rallied 9.66% in Wednesday's extended trading after the company released its first-quarter earnings report.

Symbotic reported quarterly earnings of two cents per share, which missed the consensus estimate of three cents. Quarterly revenue of $629.99 million beat the Street estimate of $623.11 million.

“We are off to a strong start this fiscal year,” said Rick Cohen, Symbotic CEO.

Tenable shares jumped 10% in after-hours trading. The exposure management firm's Q4 2025 revenue rose 11% yr/yr, beating analyst expectations. Company announced $150 mln increase to share repurchase authorization.

Align Technology stock surged 11% in after-hours trading. The medical device firm's Q4 revenue grew 5.3% yr/yr, beating analyst expectations. Adjusted EPS for Q4 beat analyst expectations. Company repurchased 0.7 mln shares, completing $200 mln buyback plan