Market Movers: Atlassian, Twilio Surge on Earnings; Roblox, Clorox Fall

Today's tape

The stock market saw significant price action Tuesday, driven by a wave of corporate earnings reports and analyst adjustments. Technology and communication services sectors featured prominently among the day's biggest movers.

Atlassian (TEAM) led the gains, surging nearly 30% on the back of its impressive quarterly performance. Twilio (TWLO) also experienced a substantial uplift, climbing over 23% following its own strong earnings release.

• Atlassian Corp Plc (TEAM): +29.58%
• Twilio Inc (TWLO): +23.83%
• Reddit Inc. (RDDT): +13.07%
• Nebius Group N.V. (NBIS): +11.76%
• nVent Electric PLC (NVT): +11.21%
• Summit Therapeutics PLC (SMMT): -24.93%
• Roblox Corp (RBLX): -18.33%
• The Clorox Company (CLX): -9.67%
• Rivian Automotive Inc (RIVN): -8.41%
• Nio Inc Class A ADR (NIO): -7.51%

Why winners won

• Atlassian (TEAM) smashed fiscal third-quarter expectations, reporting adjusted earnings of $1.75 per share on $1.79 billion in revenue.
• Twilio (TWLO) posted Q1 2026 revenue of $1.41B, up 20% YoY, with gross profit dollar growth accelerating to 16% YoY and non-GAAP EPS of $1.50 beating the $1.27 consensus.
• Reddit surged in after-hours trading after delivering a blockbuster Q1 2026 earnings report, with revenue of $663M beating estimates by ~9% and EPS of $1.01 crushing the $0.58 consensus by 74%.
• No specific news found for NBIS on May 1, 2026.
• nVent Electric plc (NVT) reported strong Q1 2026 results exceeding expectations and raised full-year 2026 guidance for sales and earnings.

Why losers lost

• Summit Therapeutics Inc (NASDAQ:SMMT) shares are plummeting after reporting its first-quarter financial results, including a net loss of $189.4 million.
• No specific news found for RBLX on May 1, 2026.
• Clorox (CLX) shares are under pressure after the company's fiscal third-quarter results and outlook for the year suggested continued headwinds, with net sales flat year-over-year.
• Rivian Automotive (RIVN) reported first-quarter revenue ahead of expectations and 20% higher delivery volumes year over year, but investors remain nervous over cash burn.
• Nio Inc Class A ADR stock is falling after the Chinese EV maker released its April 2026 delivery figures, which revealed a significant sequential pullback.

What to watch tomorrow

• Investors will be closely monitoring upcoming earnings reports from companies like Salesforce (CRM) on May 30, 2026, for insights into the enterprise software sector.
• Focus will remain on EV delivery numbers from major manufacturers, with June 2026 figures expected to provide further clarity on market demand.
• Analyst ratings and price target adjustments will continue to influence stock performance, particularly for companies with recent earnings announcements.