Ten companies soared by double digits on Wednesday, outperforming a lackluster performance on the broader market, thanks to a flurry of strong corporate earnings and growth outlook for the rest of the year. Of the 10 in the list, eight notably jumped to fresh record highs.
Meanwhile, the Wall Street’s three major indices ended mixed, with the Nasdaq the sole gainer by 0.55 percent. The Dow Jones dropped by 0.16 percent, while the S&P 500 finished flat, following the Federal Reserve’s comments that a December rate cut is not guaranteed.
In this article, we spotlight the 10 top performers on Wednesday and detail the reasons behind their gains.
To come up with the list, we focused on companies with more than $2 billion in market capitalization and 5 million shares in trading volume.
The New York Stock Exchange building. Photo by Дмитрий Трепольский on Pexels
10. Hayward Holdings Inc. (NYSE:HAYW)
Shares of Hayward Holdings rallied to a new 52-week high on Wednesday following an impressive third quarter earnings performance, coupled with a bullish growth outlook for the full-year period.
In intra-day trading, Hayward Holdings Inc. (NYSE:HAYW) soared to its highest price of $17.65 before trimming gains to end the day just up by 12 percent at $17.17 apiece.
Investors cheered a strong net earnings performance during the third quarter, jumping 45 percent to $24 million from the $16.5 million in the same period last year.
Net sales also grew by 7.4 percent to $244 million from $227 million year-on-year, driven by positive net price to offset inflation and tariffs, increased volume, and the favorable impact from foreign currency translation.
Hayward Holdings Inc. (NYSE:HAYW) said the volume jump was primarily due to favorable timing of orders in the 2025 season.
For the full year, Hayward Holdings Inc. (NYSE:HAYW) is targeting net sales to end between $1.095 billion to $1.11 billion, or an increase of 4.5 percent to 5.5 percent from fiscal year 2024, as compared with its previous guidance of $1.07 billion to $1.1 billion.
It also expects adjusted EBITDA to be in the range of $292 million to $297 million, or a 5 to 7 percent growth year-on-year, as compared with the $280 million to $290 million outlook previously.
9. Fluence Energy, Inc. (NASDAQ:FLNC)
Fluence Energy rebounded by 12 percent on Wednesday to close at $20.28 apiece as investors repositioned portfolios ahead of the results of its full fiscal year earnings performance.
Fluence Energy, Inc. (NASDAQ:FLNC) said it is scheduled to release its financial and operational highlights after market close on November 24, 2025. A conference call will be held before market open to discuss the results.
In its last quarterly report, Fluence Energy, Inc. (NASDAQ:FLNC) provided a revenue outlook guidance of $2.6 billion to $2.8 billion for the full fiscal year, but said that it would likely hit the lower range due to a slower than expected production ramp up at its recently commissioned US manufacturing facilities. Anticipated revenues from the delay are expected to carry over to fiscal year 2026.
“These facilities are expected to reach targeted capacity by calendar year-end, ensuring on-time customer deliveries and strengthening Fluence’s domestic content position,” it said.
Meanwhile, Fluence Energy, Inc. (NASDAQ:FLNC) targeted adjusted EBITDA to settle between $0 and $20 million, reflecting stronger than projected gross margins for the third fiscal quarter, coupled with overhead cost reductions.
Annual recurring revenue was also pegged at $145 million.
8. Centene Corp. (NYSE:CNC)
Centene rallied for a second day on Wednesday, jumping 12.5 percent to close at $37.34 as investor sentiment was bolstered by a higher growth outlook for the full-year 2025, despite a steep net loss in the third quarter of the year.
In its latest earnings call, Centene Corp. (NYSE:CNC) said it expects adjusted diluted earnings per share (EPS) for the full year to grow by $0.25 to $2 from $1.75 as expected previously.
Meanwhile, Centene Corp. (NYSE:CNC) swung to a net loss of $6.6 billion in the third quarter of the year from a $713 million net income in the same period last year, pulled down by a $6.95 billion loss from operations, versus a $665 million operating income year-on-year.
On the other hand, total revenues jumped by 18 percent to $49.69 million from $42 million in the same period last year, on the back of a 22 percent jump in premiums to $44 million from $36 million year-on-year.
“Our third quarter results and increased full year outlook demonstrate tangible progress against the near-term milestones we laid out for investors in July,” said Centene Corp. (NYSE:CNC) Chief Executive Officer Sarah London.
“While much work remains ahead, our organization remains focused on driving margin improvement, delivering outcomes for our members, and positioning the business for long-term success,” she added.
7. Western Digital Corp. (NASDAQ:WDC)
Western Digital bounced back on Wednesday to reach a new all-time high as investors took early positions ahead of the release of its earnings performance which came out after market close.
During the session, Western Digital Corp. (NASDAQ:WDC) soared to its highest price of $145.68 before paring gains to finish the day just up by 13.18 percent at $141.38 apiece.
Optimism was further supported by a bullish comment from private investment firm Lynx, recommending investors to take long positions ahead of the earnings call.
According to Lynx, Western Digital Corp. (NASDAQ:WDC) stands to benefit from the long one-year average lead time to secure high capacity hard disk drives that are preferred by hyperscale cloud service providers, adding that no delivery improvements are expected soon.
Such strong demand has helped propel the company’s 50.7 percent jump in revenues over the past year to $9.52 billion.
Lynx said that the supply constraints created a significant pent-up demand among enterprise customers, which could keep sales strong moving forward.
6. Sandisk Corp. (NASDAQ:SNDK)
Sandisk rebounded on Wednesday to hit a new all-time high as investors gobbled up shares ahead of its earnings results.
In intra-day trading, Sandisk Corp. (NASDAQ:SNDK) jumped to its highest 52-week price of $205.64 before trimming gains to finish the day just up by 16.42 percent at $204.36 apiece.
In a statement, Sandisk Corp. (NASDAQ:SNDK) said it would announce the results of its earnings performance for the first quarter of fiscal year 2026 after market close on November 6. A conference call will be held to discuss the results.
In other developments, Sandisk Corp. (NASDAQ:SNDK) on Tuesday launched a new product collection with a FIFA World Cup 2026 theme, across its wide range of products including USB-C flash drives, portable SSDs, CFexpress, and UHS-II card, among others.
The FIFA world Cup 2026 theme launch followed its recent partnership with Crayola for the Sandisk-Crayola USB-C flash drive, which aims to market students, teachers, and parents.
According to Sandisk Corp. (NASDAQ:SNDK), the Crayola theme would feature four vibrant colors, between 64 gb and 256 gb of storage space. In North America, it will be exclusively available at Walmart through January 2026.
5. Bloom Energy Corp. (NYSE:BE)
Bloom Energy jumped to a new 52-week high on Wednesday, as investors cheered its strong revenue performance in the third quarter of the year, despite recording a higher net loss.
At intra-day trading, Bloom Energy Corp. (NYSE:BE) soared to a fresh record high of $144.2 before paring gains to end the day just up by 18.04 percent at $133.71 apiece.
In an updated report, Bloom Energy Corp. (NYSE:BE) said it grew its third-quarter revenues by 57 percent to $519 million from $330 million in the same period last year, on the back of a 55.7 percent jump in product and service revenues during the same period.
Net loss attributable to shareholders, however, widened by 56 percent to $23 million from $14.7 million year-on-year, but was lower by 46 percent than the $42.6 million net loss in the last quarter.
Earlier this month, Bloom Energy Corp. (NYSE:BE) clinched a $5 billion financial backing from Brookfield Asset Management for the development of AI factories to take advantage of the growing demand for computing capacity.
The two firms are actively collaborating on the design and delivery of AI factories globally, including a site in Europe that will be announced before the end of the year.
4. Mirion Technologies, Inc. (NYSE:MIR)
Mirion Technologies rallied to a new all-time high on Wednesday, as investors cheered its impressive earnings performance and maintained growth outlook for full year 2025.
During the trading session, Mirion Technologies, Inc. (NYSE:MIR) jumped to its highest price of $30.18 before paring gains to end the day just up by 18.10 percent at $29.75 apiece.
This followed the results of its third quarter performance, which saw the company swing to an attributable net income of $2.9 million from a $13.6 million net loss in the same period last year.
Total revenues also increased by 7.88 percent to $223.1 million from $206.8 million year-on-year.
“Mirion posted another strong quarter supported by the continued momentum in the nuclear power end-market,” said Mirion Technologies, Inc. (NYSE:MIR) Chairman and CEO Thomas Logan.
“All key financial metrics grew in the quarter, keeping us on-track for our 2025 guidance,” he noted.
For full-year 2025, Mirion Technologies, Inc. (NYSE:MIR) maintained its previous outlook for revenue growth of 7 to 9 percent; adjusted EBITDA of $223 million to $233 million; and adjusted EPS of $0.48 to $0.52.
However, it lowered its organic revenue growth to 4.5 to 6 percent from 5 to 7 percent previously.
3. Seagate Technology Holdings Plc (NASDAQ:STX)
Seagate rallied to a new all-time high on Wednesday, as investors snapped up shares following an impressive earnings performance in the first quarter of fiscal year 2026.
During the trading session, Seagate Technology Holdings Plc (NASDAQ:STX) jumped to its highest 52-week price of $268.91 before trimming gains to end the day just up by 19.11 percent at $265.62 apiece.
According to the company, it was able to grow its net income by 80 percent to $549 million from $305 million in the same period last year. Revenues jumped by 21 percent to $2.6 billion from $2.17 billion year-on-year.
“Seagate delivered strong September quarter results, with revenue growth of 21 percent year-over-year and non-GAAP EPS exceeding the high end of our guided range. Our performance underscores the team’s strong execution and robust customer demand for our high-capacity storage products,” said Seagate Technology Holdings Plc (NASDAQ:STX) Chairman and CEO Dave Mosley.
“AI is transforming how content is being consumed and generated, increasing the value of data and storage, and Seagate is well positioned for continued profitable growth,” he noted.
For the second quarter of the fiscal year, the company is targeting to book revenues between $2.6 billion to $2.8 billion, and a non-GAAP diluted EPS of $2.55 to $2.95.
Seagate Technology Holdings Plc (NASDAQ:STX) also declared a quarterly cash dividend of $0.74 to all shareholders as of December 24 record, payable on January 9, 2026.
2. Teradyne, Inc. (NASDAQ:TER)
Teradyne jumped to a new all-time high on Wednesday, as investors cheered a strong revenue performance and a higher growth outlook that beat Wall Street estimates.
At intra-day trading, Teradyne, Inc. (NASDAQ:TER) climbed to its highest price of $177.24 before trimming gains to finish the day just up by 20.47 percent at $173.94 apiece.
This followed a revenue growth outlook of $920 million to $1 billion for the full-year 2025 period, better than the $816.3 million as projected by analysts.
Meanwhile, Teradyne, Inc. (NASDAQ:TER) saw revenues in the third quarter of the year increase by 4.3 percent to $769 million from the $737 million in the same period last year. Of the total revenues, $606 million came from semiconductor tests, $88 million from product tests, and $75 million from robotics.
However, net income remained down by 18 percent to $119 million from the $145.6 million year-on-year.
“Our semiconductor test group delivered third quarter sales that exceeded expectations, driving company sales and profit to the high end of our Q3 guidance range,” said Teradyne, Inc. (NASDAQ:TER) CEO Greg Smith.
“As we look ahead to Q4, AI-related test demand remains robust across compute, networking and memory segments. Q4’25 sales are expected to increase 25 percent sequentially and 27 percent from Q4’24,” he added.
1. Flowserve Corp. (NYSE:FLS)
Flowserve rallied to a new all-time high on Wednesday, as investor sentiment was boosted by its impressive earnings performance and projections of raking in up to $20 million of annual free cash flow from the divestment of a subsidiary.
In intra-day trading, Flowserve Corp. (NYSE:FLS) soared to its highest 52-week price of $70.32 before trimming gains to end the day just up by 30.93 percent at $68.95 apiece.
In an updated report, Flowserve Corp. (NYSE:FLS) said it achieved a 277 percent jump in attributable net income in the third quarter of the year, at $219 million versus $58 million in the same period last year.
Sales, on the other hand, inched up by 3.5 percent to $1.17 billion from $1.13 billion year-on-year.
For the full-year 2025 period, Flowserve Corp. (NYSE:FLS) also increased its outlook for adjusted EPS to a range of $3.40 to $3.50 from $3.25 to $3.40 previously.
However, it lowered expectations for total sales growth to 4 to 5 percent, from 5 to 6 percent previously; as well as organic sales growth to only around 2 percent from 3 to 4 percent prior.
On the same day, Flowserve Corp. (NYSE:FLS) announced the divestment of BW/IP – New Mexico, Inc., its wholly owned subsidiary which holds asbestos liabilities and related insurance assets, to an affiliate of Acorn Investment Partners.
The transaction is expected to close in the fourth quarter of 2025 and improve free cash flow by approximately $15 million to $20 million annually.
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