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Stock Markets February 13, 2026

Semiconductor and streaming names lift futures while Pinterest slides in premarket trade

Applied Materials and Arista lead gains as investors wait for inflation data; Pinterest and DraftKings decline on weak outlooks

By Derek Hwang AMAT ANET PINS ABNB DKNG
Semiconductor and streaming names lift futures while Pinterest slides in premarket trade
AMAT ANET PINS ABNB DKNG

U.S. stock futures moved slightly lower as traders took a cautious stance ahead of important inflation figures. Several individual equities showed pronounced premarket moves: Applied Materials and Arista Networks posted double-digit gains on upbeat guidance and margin resilience, while Pinterest and DraftKings fell sharply after weak revenue and guidance signals. Other notable movers included Airbnb, Roku, Rivian, Dutch Bros and Expedia.

Key Points

  • Applied Materials and Arista Networks reported guidance or margin remarks that propelled each stock higher by about 11%, reflecting demand for semiconductor equipment and resilience in network gear margins despite higher memory costs.
  • Pinterest and DraftKings declined substantially after forecasting weaker near-term revenue or issuing cautious guidance, signaling pressure in advertising and gaming sectors respectively.
  • Travel and consumer-facing names displayed mixed results: Airbnb and Roku posted upside on revenue and earnings or guidance, while Expedia warned on its full-year outlook even as it expects a stronger first-quarter adjusted core profit margin.

U.S. stock futures eased on Friday as market participants traded cautiously ahead of the release of key inflation data. Despite the softer futures tone, certain individual equities registered large premarket swings driven by company-level news on outlooks, revenue and margins.

Below are the most prominent premarket movers and the reasons cited for their moves:

  • Applied Materials (NASDAQ:AMAT) - The semiconductor equipment maker climbed more than 11% after issuing a bullish forecast that highlighted strengthening demand tied to the AI cycle and constraints in memory chip supply, which the company said are supporting sales.
  • Arista Networks (NYSE:ANET) - Shares rose about 11% after the network hardware supplier reaffirmed its full-year gross margin guidance, even though that outlook has been pressured by higher memory chip costs.
  • Pinterest (NYSE:PINS) - The image-sharing platform plunged roughly 21% following its first-quarter revenue forecast, as the company faces sharper cuts in advertising spending from retailers affected by tariffs and intensifying competition from better-capitalized rivals.
  • Airbnb (NASDAQ:ABNB) - The short-term rental marketplace gained 6.4% after reporting fourth-quarter revenue that topped expectations and providing a first-quarter outlook that pointed to ongoing travel demand.
  • DraftKings (NASDAQ:DKNG) - The sports betting operator tumbled about 17% after delivering downbeat guidance for the current year.
  • Dutch Bros (NYSE:BROS) - The coffee chain jumped more than 13% after reporting fourth-quarter results that beat expectations, including revenue growth of 30% in 2025 and plans to open additional locations this year.
  • Expedia (NASDAQ:EXPE) - Shares declined around 6.3% after the online travel company said it expects a higher first-quarter adjusted core profit margin, helped by one-time gains and stronger demand from business customers, while expressing caution about its full-year outlook.
  • Roku (NASDAQ:ROKU) - The streaming platform provider rallied about 14% after reporting fourth-quarter earnings that significantly exceeded analyst expectations and issuing robust guidance for 2026.
  • Rivian Automotive (NASDAQ:RIVN) - The electric vehicle maker surged roughly 21% after beating Wall Street estimates and forecasting that sales of its new, lower-priced R2 SUVs would help drive a 53% increase in deliveries in 2026.

The trading session showed a split between technology- and travel-related winners and companies that disappointed on near-term revenue or guidance. With broader markets subdued ahead of inflation data, individual corporate announcements were the primary drivers of premarket volatility.

Risks

  • Near-term volatility tied to upcoming inflation data - macro sensitivity could amplify price swings across technology and consumer sectors.
  • Advertising and retail headwinds for Pinterest driven by tariff-impacted retailers and intensified competition - a direct risk to ad-dependent digital platforms.
  • Uncertainty in full-year outlooks for travel and online services - companies such as Expedia signaled caution despite some stronger short-term metrics, creating downside risk for travel-related equities.

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