Key Highlights

Intel (INTC) rose about 4.8% in premarket trading after reporting a strong Q2, with revenue up 25% year-over-year to $16.1B and above analyst expectations.

SAP (SAP) gained 6.1% after posting better-than-expected Q2 results and 24% cloud revenue growth, easing concerns over the effect of AI on traditional software companies.

Safety Insurance (SAFT) surged 42% after Mapfre announced a $1.54B all-cash acquisition valued at $105 per share.

Amkor Technology (AMKR) advanced 9% after announcing a multi-year strategic collaboration with Nvidia focused on AI semiconductor packaging development.

Deckers Outdoor (DECK) fell roughly 2.9%-3% despite beating earnings expectations, as its updated full-year guidance came in below analyst projections.

Equity futures moved modestly higher Friday morning as crude oil prices pulled back, offering some relief from inflation concerns that had weighed on market sentiment. A busy slate of technology earnings kept traders focused on individual corporate results, with several companies posting notable premarket moves. Premarket trading can be thinner than regular-session trading, but it often sets the early tone when earnings, guidance, or deal news arrive before the opening bell.

Intel (INTC) was among the strongest early performers, climbing about 4.8% before the opening bell after the chipmaker reported Q2 revenue of $16.1B, a 25% increase from the year-earlier period. Intel exceeded consensus estimates for revenue, earnings per share, and gross margin. Adjusted gross margin reached 41.8%, also ahead of projections.

Intel Corp., INTC

For Q3, Intel guided for revenue of $15.8B to $16.8B and adjusted EPS of $0.38, with both figures topping Street expectations. Executives pointed to stronger demand across CPU products, foundry services, and advanced packaging solutions tied to artificial intelligence workloads.

The company’s results did not translate into a broad semiconductor rally. Micron slipped 1.8% in premarket trading, while Sandisk (SNDK) declined 2.4%, indicating limited spillover from Intel’s outperformance. That split kept attention on company-specific drivers within chips, where exposure to CPUs, memory, foundry services, and AI-related packaging can produce different investor reactions even on the same earnings day.

SAP Raises Forecast After Strong Quarter

SAP (SAP) rose 6.1% after the European enterprise software company beat Q2 earnings expectations and delivered 24% growth in cloud revenue. Its cloud backlog increased 26% year-over-year, exceeding analyst forecasts.

SAP also lifted its 2026 cloud and software revenue outlook above consensus estimates. Management cited strong adoption of its Autonomous Enterprise initiative and growing customer interest in its Business AI Platform. The quarterly performance helped address investor questions over whether artificial intelligence presents a competitive threat or a growth opportunity for established enterprise software providers. For software companies, cloud backlog is closely watched because it reflects contracted business that has not yet been recognized as revenue.

Safety Insurance (SAFT) was the largest premarket gainer in the group, jumping 42% after Mapfre announced an all-cash acquisition valued at approximately $1.54B. Shareholders are set to receive $105 per share, representing a 44% premium to the prior closing price. The transaction is expected to close in Q1 2027, subject to regulatory approval. The size of the move closely tracked the announced premium, a common pattern when an all-cash acquisition gives investors a defined per-share consideration while the market weighs closing conditions.

Amkor Technology (AMKR) climbed 9% after announcing a multi-year strategic alliance with Nvidia (NVDA). Under the agreement, Nvidia will make upfront payments to Amkor to expand advanced packaging capacity in Arizona, with the arrangement aimed at strengthening domestic manufacturing capabilities for AI chips. Advanced packaging has become a key part of the AI hardware supply chain because it helps combine and connect high-performance chips used in compute-intensive workloads.

Deckers Falls Despite First $1B Quarter

Deckers Outdoor (DECK) declined about 2.9%-3% even after recording its first quarter with revenue above $1B. The HOKA and UGG brands both contributed to the milestone, while gross margin improved to 56.4%.

The pressure on Deckers centered on its outlook. Although the company raised its full-year earnings forecast, the revised target remained below analyst expectations, prompting a premarket selloff. The reaction underscored how earnings beats can be outweighed by guidance when investors had already priced in stronger future growth.

Newmont (NEM) posted a smaller gain, rising 1.1% after beating Q2 earnings forecasts. The precious metals producer used cost controls to offset weaker gold prices and disruptions caused by an earthquake.

MaxLinear (MXL) moved sharply in the opposite direction, dropping 10% despite beating Q2 estimates and issuing Q3 revenue guidance of $210M-$220M, well above the $173.8M consensus forecast. The decline showed that stronger headline guidance does not always prevent selling when investors focus on other details in the report or positioning around the stock.