Check out the companies making the biggest pre-market moves: Netflix — The streaming giant fell more than 10% after its second-quarter inline earnings failed to impress investors. Netflix earned 80 cents a share on revenue of $12.56 billion. Analysts polled by LSEG had expected sales of $12.59 billion and earnings of 79 cents a share. However, the company also announced that it will reduce the frequency of its “What We Watched” reports, which give investors visibility into engagement on the platform. Alphabet — Google’s parent company fell 1.5% for the second day in a row after Bloomberg reported Thursday that the company’s latest Gemini AI model is delayed by several months. Alphabet fell nearly 4.5% on Thursday on the news. Intuitive Surgical — Shares fell more than 11% after the maker of surgical robotic tools reported second-quarter results. The company had adjusted earnings per share of $2.80 and revenue of $2.89 billion. Analyst estimates compiled by LSEG were for sales of $2.82 billion and earnings of $2.50 per share. Intuitive Surgical also maintained its full-year outlook for surgeries using its da Vinci robotic system. Growth is expected to be approximately 14%. SpaceX — The company’s stock price fell more than 3.5% after the launch of its giant rocket Starship was canceled. CEO Elon Musk said in a post on X that some engines failed to start, forcing the company to abort the automatic launch, but promised to try again in the next few days. Verizon Communications — The carrier rose 1% after the carrier announced it would sell 274 of its retail stores and cut about 500 employees. The move is part of Verizon’s ongoing reorganization. BP, ConocoPhillips — Shares of these energy companies rose more than 1% after CNBC’s Brian Sullivan reported Friday that they would announce new investments in Iraq. Details of the individual commitments were not immediately available, but people familiar with the matter told Sullivan that the companies’ investments could amount to billions or even tens of billions of dollars. Trust Financial Corporation — The bank rose 1.4% after reporting an improvement in its second-quarter earnings report. The trust earned $1.23 per share, compared to analyst estimates compiled by FactSet of $1.08. Revenue also exceeded expectations. ALCOA — The aluminum producer fell 0.5% despite reporting second-quarter earnings that beat analyst expectations. Alcoa earned $2.12 per share, excluding certain items, on sales of $3.97 billion. Analysts had expected LSEG to report revenue of $3.94 billion and earnings per share of $2.06. The company also lowered its 2026 production forecast for alumina, which is used in aluminum smelting. Software Stocks — Many stocks were lower as the iShares Expanded Technology Software Sector ETF (IGV) fell more than 1.5%, on pace for its sixth week of decline in the past seven weeks. Salesforce and Palantir Technologies fell more than 2.4%, and ServiceNow fell 2%. Microsoft fell 1.7%. Memory Stocks — AI trading continues to be under pressure, with another unwind in memory stocks in Friday’s premarket trading. The Round Hill Memory ETF (DRAM) fell more than 3%, on pace to end the week down 19%. Western Digital fell 2.5% and Micron Technology fell 1.5%. Seagate Technology fell 2%. Fifth Third Bancorp — Shares rose modestly even though the regional bank reported a slight profit miss in its second-quarter financial report. However, Fifth Third reported that net interest income increased 48% year over year, in line with expectations. — CNBC’s Fred Imbert contributed reporting
