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Max Knoblauch3/2/26

Archer reports deeper-than-expected Q4 loss

Air taxi maker Archer Aviation reported its fourth-quarter earnings results after the bell on Monday. Its shares fell 2.4% after-hours, eating into some of the gains the stock made in the regular session.

The company posted a loss of $0.26 per share, compared to the $0.24 loss per share expected by analysts polled by FactSet.

Archer ended 2025 with $1.96 billion in cash and cash equivalents, up from Q3’s $1.64 billion and up from $834.5 million in the same quarter the year prior.

Looking ahead to the first quarter, Archer said it expects adjusted earnings before interest, taxes, depreciation, and amortization of between -$160 million and -$180 million. Wall Street expected EBITDA of -$104.7 million in Q1.

Last week, Archer announced that it would partner with SpaceX’s Starlink to bring satellite internet into its Midnight aircraft. In its fourth-quarter shareholder letter, the company said it is targeting its first passenger flights this year, mirroring rival Joby’s timeline.

In a sign that investors, like CEO Adam Goldstein, see Archer’s most promising near-term opportunity in its defense business, its shares closed up more than 5% on Monday as investors scooped up defense contractor stocks. Goldstein told Sherwood News last year that he sees defense, with a focus on the autonomous and attritable industry, as the company’s “front and center” division for the next decade. Per the company’s shareholder letter:

“Our partnership with Anduril is at the core of our defense strategy, and it continues to accelerate. We are designing an autonomous, hybrid-electric VTOL aircraft built for dual use. For defense, it will fly alongside armed reconnaissance attack helicopters as a loyal wingman. The aircraft is designed to meet the needs of the U.S. and its allies for decades to come.”

Electric aircraft rivals Beta Technologies and Joby Aviation also ended the day higher.

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ChargePoint Q1 revenue tops estimates, but cash pile dwindles

ChargePoint, an electric vehicle infrastructure company, topped analysts’ expectations for first-quarter revenue, but its cash pile dropped by about one-third.

Here are the numbers:

Q1 revenue of $101.8 million (compared to analyst estimates of $95.6 million).
A Q1 loss per share of $1.75, compared with a $2.49 loss a year earlier.

After-hours, shares whipsawed as traders digested a slightly more complicated story, with ChargePoint continuing to burn through cash quickly. ChargePoint’s cash and cash equivalents on the balance sheet totaled $95.8 million, while only a quarter ago it had held $141.5 million in cash. That’s a drop of 32%.

The industry overall is at a crossroads. With federal subsidy rollbacks, electric vehicle sales continue to continue to look relatively bleak in the United States. But with gas prices elevated because of the Iran war, Americans are looking more closely at EVs again and turning to more fuel-efficient options.

Results for other companies in the space, like Blink Charging Co., have been mixed: this earnings season it beat earnings-per-share estimates for Q1 but missed Wall Street revenue expectations. Meanwhile, another charging network, EVGo, beat on revenue and EPS, but investors’ reaction was mixed given the headwinds in the sector.

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Five Below sinks despite Q1 earnings beat and optimistic Q2 outlook

Discount retailer Five Below delivered impressive Q1 earnings, beating out analyst estimates on Wednesday after the bell. But instead of getting a pat on the back, investors responded by sending the stock down as much as 9% in after-hours trading.

Here are the numbers:

Q1 sales of $1.28 billion (compared to analyst estimates of $1.23 billion, per FactSet).
Q1 adjusted earnings per share of $2.22 (estimate: $1.77).

The company raised its guidance for the full fiscal year and now projects full-year net sales between $5.40 billion and $5.48 billion (up from the $5.20 billion to $5.30 billion estimated last quarter), beating out analysts’ full-year estimates of $5.36 billion.

Similarly, the company expects Q2 revenue to fall between $1.18 billion and $1.20 billion, above Wall Street expectations of $1.14 billion.

The stock has risen over 80% in the past 12 months as consumers across income brackets search for affordable goods. The retailer has maintained its aggressive expansion campaign, opening 150 net new stores in fiscal year 2025. On Wednesday, Five Below said it still plans to open 150 further locations in fiscal year 2026.

Recently, the company has not only courted customers looking for cheaper everyday items, but also dopamine hits like its “squishy dumplings,” a Wall Street winner, according to analyst Spencer Hanus at Wolfe Research.

“Our continued focus on compelling newness at amazing value and great store execution are at the heart of our operating flywheel,” said Winnie Park, CEO of Five Below. “We successfully amplified social media trends and drove outsized traffic through coordinated merchandising and marketing efforts.”

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CrowdStrike sinks despite beating revenue and earnings for Q1, boosting guidance

CrowdStrike edged past analysts’ estimates for revenue and earnings in its fiscal first quarter.

For FY 2027 Q1, the cybersecurity platform posted:

Revenues of $1.39 billion (estimate: $1.36 billion).
Adjusted earnings per share of $1.10 (estimate: $1.07).
Annual recurring revenue of $5.51 billion, beating analyst estimates of $5.50 billion.
Subscription revenue of $1.32 billion, up 26% year on year.

The company also boosted its annual guidance for revenue and adjusted EPS, and it announced a 4-for-1 stock split.

Still, shares, which had surged some 60% over the past month, fell 8.2% after-hours.

Since Anthropic’s announcement of its forthcoming Mythos model, the cybersecurity industry has been bracing for an explosion in vulnerabilities that may be discovered using such advanced AI models.

In a press release, CrowdStrike CEO George Kurtz said:

“In Q1, the worlds of cybersecurity and frontier AI collided: this was the Mythos moment. CrowdStrike is AI security infrastructure, critical to successful AI adoption.”

Tasha Matsumoto

Stocks break winning streak as oil rises amid strikes in the Middle East

The S&P 500, Nasdaq 100, and Russell 2000 all dropped as traders assessed attacks in the Gulf.

Sad brown bear

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Max Knoblauch3h

Rivian is on pace for its longest winning streak ever ahead of R2 deliveries next week

EV maker Rivian is climbing for the 10th consecutive day on Wednesday, putting the company on pace for its longest winning streak ever.

The stock has climbed more than 40% in the two-week stretch, as the company prepares to start customer deliveries of its highly anticipated R2 SUV on June 9. The EV will launch at nearly $60,000, with a lower-priced variant in the $45,000 range due to release late next year. Rivian has implied it expects to deliver up to 25,000 R2s this calendar year.

Despite the hot streak, Rivian shares are down about 7% year to date and nearly 90% from their all-time high in late 2021.

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