Shares in Rivian rose 15% in pre-market trading after the electric vehicle maker beat Wall Street’s fourth quarter expectations and said it was targeting a sharp increase in deliveries this year.
The group reported full-year 2025 revenue of $5.37bn (£3.94bn), including $1.7bn in the fourth quarter, up 8% from $4.97bn in 2024.
Rivian achieved its first annual gross profit, a closely watched metric among investors, of $144m in 2025, including $120m in the fourth quarter. The result was driven by its software and services joint venture with Volkswagen, which offset $432m in losses in its automotive business last year.
NasdaqGS – Delayed Quote • USD
14.00 -0.76 (-5.15%)
At close: 12 February at 16:00:01 GMT-5
For 2026, the company said it expects vehicle deliveries of between 62,000 and 67,000 units, an increase of 47% to 59% compared with 2025.
Read more: FTSE 100 LIVE: London stocks higher amid reports that Trump plans to soften steel tariffs
However, the electric vehicle maker added that it anticipates adjusted pre-tax losses of between $1.8bn and $2.1bn in 2026, alongside capital expenditure of between $1.95bn and $2.05bn. That compares with nearly $2.1bn in adjusted pre-tax losses and $1.7bn in capital expenditure last year.
RJ Scaringe, Rivian’s chief executive, described 2025 to investors on Thursday as a “foundational year” for Rivian and said 2026 would mark “an inflection point” for the company.
Shares of the semiconductor equipment maker rose 13% in pre-market trading after its results were lifted by accelerating industry investment in AI computing.
Profit jumped 70% to $2.03bn, or $2.54 a share, in the quarter ended in January, compared with $1.19bn, or $1.45 a share, a year earlier.
Stripping out certain one-time items, adjusted earnings were $2.38 a share, ahead of the $2.21 expected by analysts.
NasdaqGS – Delayed Quote • USD
328.39 -11.49 (-3.38%)
At close: 12 February at 16:00:01 GMT-5
Revenue fell 2% to $7.01bn. Analysts had forecast revenue of $6.87bn.
“The race to build out AI infrastructure is driving unprecedented spending on semiconductors, semiconductor manufacturing capacity and research and development,” chief executive Gary Dickerson told analysts on a call.
For the current quarter, the company expects revenue of $7.15bn to $8.15bn and adjusted earnings of $2.44 to $2.84 a share. The outlook exceeds Wall Street estimates of $7.01bn in revenue and $2.28 a share in adjusted earnings.
Demand is likely to be weighted more toward the second half of 2026, Dickerson said.
To keep pace with surging demand, Applied Materials plans to expand its semiconductor equipment business by more than 20% this calendar year.
Shares in Crocs slipped 1% in pre-market trading ahead of the US opening bell, following a 19% surge on Thursday, as the footwear group reported fourth-quarter results that beat expectations and issued full-year guidance ahead of Wall Street forecasts despite declines in revenue and profit.
The Broomfield, Colorado-based company reported fourth quarter revenue of $958m, down 3.2% from a year earlier. Direct-to-consumer sales rose 4.7%, while wholesale revenue fell 14.5%. By brand, Crocs revenue edged up 0.8% to $768m, while HeyDude revenue declined 16.9% to $189m.
NasdaqGS – Delayed Quote • USD
98.46 +15.73 (+19.01%)
At close: 12 February at 16:00:02 GMT-5
For the full year, direct-to-consumer sales increased 3.3%, offsetting a 6.2% drop in wholesale revenue. The Crocs brand generated revenue of $3.33bn, up 1.5%, with international sales rising nearly 12% while North American sales fell 6.8%. The HeyDude brand reported a 13.3% decline in revenue to $715m, as a slight increase in direct-to-consumer sales was outweighed by a drop of more than 26% in wholesale.
Adjusted earnings per share for the holiday quarter were $2.29, well above consensus estimates of about $1.91 to $1.92.
Read more: Gold prices climb ahead of US inflation data
For the first quarter of 2026, Crocs expects revenue to decline 3.5% to 5.5% year-over-year, with the Crocs brand roughly flat in the low single digits and HeyDude down 15% to 18%.
For full-year 2026, the company anticipates revenue to be flat to slightly higher, with Crocs brand growth of 0% to 2% and HeyDude down 7% to 9%.
“We ended 2025 on a strong note with a better-than-expected Holiday quarter,” said Andrew Rees, chief executive officer. “At the same time, we accelerated our strategic actions to strengthen the long-term health of both the Crocs and HeyDude brands.
“Our powerful value creation model drove operating cash flow of approximately $700m which enabled us to return shareholder value as we repurchased approximately 10% of our shares outstanding, and paid down $128m of debt.”
Shares in Pinterest plunged after the company projected slower revenue growth in the first quarter amid a pullback from advertisers that weighed on fourth-quarter earnings. The stock fell 18.5% to $15.08 in pre-market trading, after closing down 2.9% at $18.54 in the previous session.
Fourth-quarter revenue rose 14% to $1.32bn, up from $1.15bn a year earlier, but fell short of analysts’ estimates of $1.33bn, according to FactSet. The company had posted 17% revenue growth in the third quarter.
Pinterest said growth would slow further in the current first quarter, forecasting an increase of 11% to 14%, with revenue of between $951m and $971m.
NYSE – Delayed Quote • USD
18.54 -0.55 (-2.88%)
At close: 12 February at 16:03:44 GMT-5
Chief executive William Ready said the company needed to broaden its revenue mix and accelerate sales.
“We are not satisfied with our Q4 revenue performance and believe it does not reflect what Pinterest can deliver over time,” he told analysts on a call on Thursday. “We are moving with urgency to return over time to the mid-to-high-teens growth, or better than what we have been consistently delivering.”
Pinterest reported net income of $277.1m, or 41 cents a share, compared with $1.85bn, or $2.68 a share, a year earlier. The 2024 figure included a $1.6bn benefit from deferred tax assets.
Shares in Coinbase rose 5% in pre-market trading after closing the previous session 8% lower, as the largest US crypto exchange swung to a loss in a fourth quarter marked by a sharp sell-off in digital currencies.
The company reported a net loss of $667m, or $2.49 a share, in the fourth quarter, compared with net income of $1.3bn, or $4.68 a share, a year earlier. Quarterly net revenue fell 22% to $1.7bn.
Results were dragged into the red by Coinbase’s holdings in bitcoin, ether and other digital asset investments. Bitcoin (BTC-USD), the largest cryptocurrency, rose above $126,000 to a record high in early October before beginning a months-long slide. Since those highs, the broader digital asset market has shed nearly $2tn in value.
NasdaqGS – Delayed Quote • USD
141.09 -12.11 (-7.90%)
At close: 12 February at 16:00:02 GMT-5
Stocks: Create your watchlist and portfolio
For the full year, the company earned $1.26bn, down 51% from 2024, on net revenue of $6.89bn. The annual figures capped an eventful 2025 in which crypto prices surged on investor enthusiasm for president Donald Trump’s return to the White House and his campaign pledge to make the US the world’s capital for crypto, as well as Wall Street’s gradual acceptance of digital assets as a mainstream market.
Coinbase generated $727m in subscription and services revenue in the fourth quarter, including $364m from stablecoins.
Download the Yahoo Finance app, available for Apple and Android.
