Biggest stock movers Friday: TSLA, XYZ, DKNG, and more

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Stock futures were higher in the pre-market hours of Friday, supported by positive market sentiment following stronger-than-expected economic data and the easing of concerns about the U.S. labor market.

Here are some of Friday's biggest stock movers:

BIGGEST STOCK GAINERS

* AFFIRM (AFRM [https://seekingalpha.com/symbol/AFRM]) +12% - Shares surged after the company raised its FY2026 GMV outlook, following a FQ1 earnings and revenue beat. The buy-now-pay-later provider now expects FY2026 GMV to exceed $47.5B, up from its prior view of over $46B and roughly in line with the Visible Alpha estimate of $47.6B. The company also lifted its adjusted operating margin forecast to 27.1% from 26.1%, while maintaining its expectation that FY2026 revenue will be approximately 8.4% of GMV.
* PELOTON (PTON [https://seekingalpha.com/symbol/PTON]) +8% - Shares soared after the company reported better-than-feared FQ1 results and raised its FY2026 profit outlook. For FQ2, Peloton expects revenue of $665M–$685M, slightly above consensus at the midpoint, with paid connected fitness subscriptions projected to decline ~8%. Adjusted EBITDA is forecast at $55M–$75M, up 11% Y/Y, while gross margin is seen widening by 180 bps to ~49%. Looking ahead to FY2026, Peloton guided revenue to $2.4B–$2.5B and lifted adjusted EBITDA to $425M–$475M, reflecting a $25M improvement from prior guidance, with gross margin expected to expand to ~52%.
* TESLA (TSLA [https://seekingalpha.com/symbol/TSLA]) +2% - Shares rose after shareholders voted overwhelmingly in favor of reinstating CEO Elon Musk’s $1T compensation package, with roughly 75% backing the plan at Thursday’s meeting. The pay package, originally approved in 2018, ties Musk’s full payout to ambitious milestones, including substantial increases in Tesla’s valuation, renewed momentum in its core EV business, and growth in its robotaxi and robotics initiatives. The vote signals shareholders’ continued confidence in Musk’s leadership and secures his long-term commitment to the company.

BIGGEST STOCK LOSERS

* POWER SOLUTIONS INTERNATIONAL (PSIX [https://seekingalpha.com/symbol/PSIX]) -17% - Shares plunged despite the company delivering record Q3 results with net sales of $203.8 million, marking a 62% Y/Y increase, and net income rising 59% to $27.6M. Diluted EPS climbed to $1.20 from $0.75 a year earlier. The company, however, experienced a decline in gross margin to 23.9% from 28.9%, attributed to a shift toward lower-margin products and temporary production ramp-up inefficiencies. Operating expenses rose 39%, reflecting increased incentive costs and customer relationship expenses. Looking ahead, Power Solutions International projects approximately 45% sales growth for FY2025, driven primarily by demand in power systems, especially for data center applications.
* BLOCK (XYZ [https://seekingalpha.com/symbol/XYZ]) -14% - Shares plunged after the parent of Square and Cash App reported Q3 earnings that came in lighter than expected as operating expenses rose more than anticipated. However, both gross profit and gross payment volume topped consensus. For Q4, the company guided gross profit to ~$2.755B vs. the Visible Alpha consensus of $2.74B and expects adjusted operating income of ~$560M, up from $480M in Q3. The company also raised its FY2025 gross profit outlook to $10.24B, compared with prior guidance of $9.94B and slightly above the $10.2B consensus, and sees an adjusted operating margin of 20% as it incorporates Q3 outperformance and stronger expectations for Q4.
* DRAFTKINGS (DKNG [https://seekingalpha.com/symbol/DKNG]) -9% - Shares dipped after the sports betting company delivered mixed Q3 results and lowered its FY2025 revenue outlook. The company now expects FY2025 revenue of $5.9B–$6.1B, below the $6.19B consensus, implying 24%–28% Y/Y growth based on FY2024 revenue levels. DraftKings also trimmed its FY2025 adjusted EBITDA forecast to a range of $450M–$550M.

MORE ON RELATED STOCKS:

* Block, Inc. (XYZ) Q3 2025 Earnings Call Transcript [https://seekingalpha.com/article/4839842-block-inc-xyz-q3-2025-earnings-call-transcript]
* Affirm Holdings, Inc. (AFRM) Q1 2026 Earnings Call Transcript [https://seekingalpha.com/article/4839827-affirm-holdings-inc-afrm-q1-2026-earnings-call-transcript]
* Tesla: Elon Musk Wins Pay Vote, Here's What Happens Next (Rating Upgrade) [https://seekingalpha.com/article/4839715-tesla-elon-musk-wins-pay-vote-heres-what-happens-next-rating-upgrade]
* Power Solutions stock plunges after weak industrial and transportation demand outlook [https://seekingalpha.com/news/4518300-power-solutions-stock-plunges-after-weak-industrial-and-transportation-demand-outlook]
* Block outlines 19% Q4 gross profit growth target as Cash App and Square accelerate [https://seekingalpha.com/news/4518304-block-outlines-19-percent-q4-gross-profit-growth-target-as-cash-app-and-square-accelerate]