Ten stocks boasted high gains on Wednesday, outperforming a mostly lackluster performance in the broader market, thanks to a flurry of strong corporate earnings and upbeat outlooks, among others.
Meanwhile, only the Dow Jones finished in the green among Wall Street’s main indices, jumping 0.53 percent. The Nasdaq and the S&P 500 both fell by 1.51 percent and $0.51 percent, respectively.
Indices aside, we focus on the 10 top performers on Wednesday and detail the reasons behind their gains.
To come up with the list, we focused exclusively on stocks 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. Old Dominion Freight Line Inc. (NASDAQ:ODFL)
Old Dominion extended its winning streak to a fourth consecutive day on Wednesday, jumping 9.89 percent to close at $208.54 apiece after receiving a 10 percent price target upgrade for its stock despite a dismal earnings performance last year.
In its market report, Morgan Stanley raised its price target to $209 from $190 previously, while keeping its “overweight” recommendation.
This followed Old Dominion Freight Line Inc.’s (NASDAQ:ODFL) disappointing earnings performance for both the full year and fourth quarter of 2025, amid a challenging market environment.
In the full-year period, the company said that net income fell by 13.7 percent to $1.02 billion from $1.186 billion in 2024, while net revenues decreased by 5.5 percent to $5.5 billion from $5.8 billion in the same quarter a year earlier.
For the fourth quarter alone, the company said net income dropped by 12.8 percent to $229.47 million from $263.14 million in the same period last year. Total revenues dipped by 5.7 percent to $1.3 billion from $1.38 billion year-on-year, dragged by a 10.7 percent decline in less-than-truckload (LTL) tons per day.
Despite weak results, Old Dominion Freight Line Inc. (NASDAQ:ODFL) announced a 3.6 percent increase in its quarterly dividends this year to $0.29 per share owned. The first round is set to be paid on March 18 to all common shareholders as of March 4.
9. Graphic Packaging Holding Company (NYSE:GPK)
Graphic Packaging bounced back by 10.31 percent on Wednesday to close at $13.70 apiece as investors appeared to have hunted for bargains after falling to a level that left the stock just 6 percent shy of its 52-week low a day earlier.
This followed the company’s disappointing earnings performance on Tuesday, with both profits and sales declining after navigating a challenging market environment last year.
During the period, net income fell by 32 percent to $444 million from $658 million in 2024, as net sales dipped by 2.3 percent to $8.6 billion from $8.8 billion year-on-year.
In the fourth quarter alone, net income slid by 48 percent to $71 million from $138 million. Net sales, on the other hand, were flat at $2.1 billion.
Net profits for both periods were said to be dented by net charges from non-recurring and special items, as well as amortization.
Meanwhile, lower net sales in the full-year period were dampened by a $150 million negative impact from its disposal of the Augusta, Georgia, bleached paperboard, coupled with lower paperboard price and volume declines, and a $97 million decline in packaging sales.
For the fourth quarter, net sales were dragged by a $32 million decline in sales from packaging operations.
“Consumer affordability created a challenging market for our customers and competitive pressure remains a near-term headwind. As we move into 2026, our priorities are clear: drive operational excellence; deliver exceptional customer service; improve our cost structure; and drive substantial free cash flow to strengthen the balance sheet and return capital to shareholders,” said Graphic Packaging Holding Company (NYSE:GPK) President and CEO Robbert Rietbroek.
“I have initiated a comprehensive review of our organization structure, operations, and footprint, and a selective review of our portfolio to ensure that our resources are focused where we can create the greatest value for our shareholders,” he noted.
8. Eli Lilly and Company (NYSE:LLY)
Eli Lilly soared by 10.33 percent on Wednesday to close at $1,107.12 apiece after profits last year nearly doubled on the back of strong sales from Zepbound and Mounjaro, alongside a 23 percent revenue growth guidance for 2026.
In an updated report on the same day, Eli Lilly and Company (NYSE:LLY) said that net income last year soared by 95 percent to $20.6 billion from $10.59 billion in 2024, as revenues surged by 45 percent to $65 billion from $45 billion.
In the fourth quarter alone, net income jumped by 50 percent to $6.6 billion from $4.4 billion in the same period a year earlier, while revenues increased by 43 percent to $19.29 billion from $13.5 billion, thanks to its weight loss and obesity drugs Zepbound and Mounjaro, as well as a 46 percent jump in volumes which offset the 5 percent lower prices.
Encouraged by the results, Eli Lilly and Company (NYSE:LLY) has set an $80 billion to $83 billion revenue growth guidance for 2026, or an implied growth of 23 to 28 percent from last year’s revenues. Earnings per share were pegged at $33.50 to $35.
Eli Lilly and Company (NYSE:LLY) received a maintained price target of $1,150 from Goldman Sachs, alongside a “buy” recommendation.
7. Fortive Corp. (NYSE:FTV)
Industrial technology firm Fortive Corp. (NYSE:FTV) extended its winning streak to a third consecutive day on Wednesday, jumping 10.63 percent to close at $60.13 apiece as investor sentiment was boosted by its strong earnings performance for both the full year and fourth quarter of 2025.
In an updated report, the company said that net income from continuing operations jumped by 10 percent to $532.7 million from $482.5 million in 2024. Including discontinued operations, net income declined by 30 percent to $579.2 million from $832.9 million year-on-year.
Meanwhile, sales inched up by 1.7 percent to $4.16 billion from $4.08 billion year-on-year.
In the fourth quarter alone, net income from continuing operations inched up by 0.88 percent to $191.5 million from $193.2 million. Including discontinued operations, net profit was at $185.7 million, lower by 11 percent than the $208.8 million registered in the same quarter a year earlier.
Sales, on the other hand, were up by 4.6 percent to $1.12 billion versus $1.07 billion year-on-year.
For this year, Fortive Corp. (NYSE:FTV) is targeting to end at earnings per share of $2.90 to $3, versus $2.71 in 2025.
In other news, Fortive Corp. (NYSE:FTV) also announced that its president and CEO, Olumide Soroye, and Chief Finance Officer Mark Okerstrom, are set to present at the Citi 2026 Global Industrial Tech and Mobility Conference on February 17 and at the Barclays 43rd Annual Industrial Select Conference on February 18.
6. Olin Corp. (NYSE:OLN)
Olin rallied for a third day on Wednesday, adding 10.95 percent to close at $25.44 apiece as investors continued to digest a strong sales performance last year.
During the period, sales inched up by 3.7 percent to $6.78 billion from $6.54 billion in 2024.
However, Olin Corp. (NYSE:OLN) swung to an attributable net loss of $42.8 million in full-year 2025 from a $108.6 million attributable net income in 2024.
In the fourth quarter alone, sales finished flat at $1.6 billion, while attributable net loss stood at $85.7 million, reversing an attributable net income of $10.7 million in the same period a year earlier.
“During the fourth quarter, we experienced continued headwinds related to the trough market environment exacerbated by customer destocking as well as planned maintenance turnarounds and unplanned operating events. Despite that, we remain committed to executing our value-first commercial approach and are focused on our Optimize the Core strategic priorities: operating safely and reliably, delivering our Beyond250 structural cost reductions and maximizing cash generation,” said Olin Corp. (NYSE:OLN) President and CEO Ken Lane.
Olin Corp. (NYSE:OLN) remained cautious about its outlook for its business in the first quarter of the year.
“As a result of upcoming sequentially higher planned maintenance turnaround costs and higher raw material costs, including increased electrical power costs, we expect first quarter 2026 results from our Chemicals businesses to be lower than fourth quarter 2025. In our Winchester business, as commercial customer inventories become more normalized, we expect our first quarter 2026 results to modestly increase from the fourth quarter 2025. Overall, we expect Olin’s first quarter 2026 adjusted EBITDA to be lower than fourth quarter 2025 levels,” Lane said.
5. Sunrun Inc. (NASDAQ:RUN)
Sunrun rallied for a second day on Wednesday, jumping 12.24 percent to close at $20.73 apiece as investor sentiment was boosted by hints of a strong 2025 following news that it expanded its customer base by 430 percent year-on-year.
The company is set to release the results of its earnings performance in the fourth quarter and full-year 2025 after market close on February 26. However, announcements that its customer base soared to 106,000 last year from 20,000 in 2024 has given investors a sneak peek of what to look forward to.
In 2025, Sunrun Inc. (NASDAQ:RUN) also dispatched nearly 18 GWh of power from batteries to support grids across the US, powering as much as 15 million homes for one hour, with a combined peak of 416 MW.
“Sunrun’s distributed power plants hit scale at exactly the same time grid operators needed help meeting energy demand,” Sunrun Inc. (NASDAQ:RUN) CEO Mary Powell said. “It was a record-breaking year, both in terms of US power demand and Sunrun’s ability to deliver large amounts of energy to grids across the country quickly, reliably, and at lower cost,” she noted.
Looking ahead, Sunrun Inc. (NASDAQ:RUN) posted an upbeat outlook for its business amid a projected 25 percent increase in electricity demand over the next four years, thanks to the power-hungry AI data centers, among others.
“The warning signs for our nation’s power grid are flashing. Demand for electricity is outpacing supply and prices are skyrocketing. Sunrun is proving that a quick way to build dispatchable capacity and avoid new transmission, fuel costs, or multi-year construction timelines is by leveraging home battery storage paired with solar,” said Sunrun President and Chief Revenue Officer Paul Dickson.
4. SolarEdge Technologies Inc. (NASDAQ:SEDG)
SolarEdge Technologies soared by 13.14 percent on Wednesday to close at $35.04 apiece as investors loaded portfolios ahead of its earnings outcome, with optimism helped by a counterpart’s announcement of a 430 percent expansion in customer base last year.
According to the company, it is scheduled to release its financial and operating highlights for the fourth quarter and full-year 2025 before market open on February 18.
To recall, SolarEdge Technologies Inc. (NASDAQ:SEDG) provided a $310 million to $340 million revenue outlook for the fourth quarter; a non-GAAP gross margin of 19 to 23 percent; and non-GAAP operating expenses of $85 million to $90 million.
In other developments, investor optimism spilled over to SolarEdge Technologies Inc. (NASDAQ:SEDG) after Sunrun Inc.—one of the leading solar power providers in the US—announced on the same day that its customer base last year jumped by 430 percent to 106,000 from only 20,000 in 2024.
The dramatic increase suggested a strong demand for solar services, further bolstered by expectations of a 25 percent jump in energy demand over the next four years, sparking robust prospects for solar technology providers such as SolarEdge Technologies Inc. (NASDAQ:SEDG).
3. Super Micro Computer Inc. (NASDAQ:SMCI)
Super Micro soared by 13.14 percent on Wednesday to finish at $35.04 apiece, as investor sentiment was fueled by a strong earnings performance in the second quarter of fiscal year 2026 and a highly optimistic outlook for the third quarter, with net sales targeted to more than double year-on-year.
In an updated report, Super Micro Computer Inc. (NASDAQ:SMCI) said that net income in the quarter ending December 31 jumped by 25 percent to $400.56 million from $320.6 million in the same period a year earlier, while net sales soared by 123 percent to $12.68 billion from $5.68 billion year-on-year.
“With our leading AI server and storage technology foundation, strong customer engagements, and expanding global manufacturing footprint, we are scaling rapidly to support large AI and enterprise deployments while continuing to strengthen our operational and financial execution,” Super Micro Computer Inc. (NASDAQ:SMCI) President and CEO Charles Liang said.
“Our DCBBS, Data Center Building Block Solutions, enable customers to scale faster, greener, and at lower cost, Supermicro is well positioned to capture the next wave of AI and IT infrastructure demand,” he added.
Looking ahead, Super Micro Computer Inc. (NASDAQ:SMCI) is targeting to grow its net sales for the third quarter ending March 2026 by 167 percent to $12.3 billion from only $4.6 billion in the same period last year.
For the full fiscal year, Super Micro Computer Inc. (NASDAQ:SMCI) is targeting net sales to be at $40 billion, or an implied growth of 82 percent versus $21.97 billion in the full fiscal year 2025.
2. Enphase Energy Inc. (NASDAQ:ENPH)
Enphase Energy saw its share prices jump by 38.60 percent on Wednesday to finish at $51.67 apiece as investors took heart from its strong earnings performance last year.
During the period, Enphase Energy Inc. (NASDAQ:ENPH) said that net income surged by 67.6 percent to $172 million from only $102.6 million in 2024, while revenues grew by 10 percent to $1.47 billion from $1.33 billion year-on-year.
However, the fourth quarter saw a 38 percent decline in net income at $38.7 million versus $62.16 million in the same quarter a year earlier. Revenues fell by 10 percent to $343 million from $382.7 million year-on-year, dragged by lower revenues from safe harbor, at only $20.3 million versus $70.9 million in the same comparable period.
Looking into the first quarter of the year, Enphase Energy Inc. (NASDAQ:ENPH) expects revenues to be in the range of $270 million to $300 million, or an implied decline of 16 percent to 24 percent from the $356.1 million in the first quarter of 2025.
In other developments, investment firm RBC Capital turned bullish for Enphase Energy Inc. (NASDAQ:ENPH), upgrading its stock rating to “outperform” from “sector perform” previously, as well as its price target to $54 from $31.
Wells Fargo, for its part, also issued an “outperform” rating for the stock, while raising its price target to $50 from $45 prior.
1. Silicon Laboratories Inc. (NASDAQ:SLAB)
Silicon Laboratories soared to a four-year high on Wednesday, as investors gobbled up shares following news that it was set to merge with Texas Instruments for $7.5 billion.
At intra-day trading, the stock climbed to its highest price of $207.50 apiece before trimming gains to end the session just up by 48.89 percent at $203.41.
In a statement, Texas Instruments said that it signed a definitive agreement with Silicon Laboratories Inc. (NASDAQ:SLAB) for the acquisition of its shares at a price of $231 apiece in an all-cash transaction.
The acquisition is expected to create a global leader in embedded wireless connectivity solutions by combining Silicon Laboratories Inc.’s (NASDAQ:SLAB) strong portfolio and expertise in mixed signal solutions with Texas Instruments’ leading analog and embedded processing portfolio and internally owned technology and manufacturing capabilities.
The transaction is expected to close in the first half of 2027, subject to regulatory approvals.
”Texas Instruments and Silicon Labs share a strong Texas heritage and a long-term commitment to building technology companies the right way,” Silicon Laboratories Inc. (NASDAQ:SLAB) President and CEO Matt Johnson said.
“Over the last decade, Silicon Labs has delivered double-digit growth, driven by the accelerating demand for more connected devices. The opportunity ahead is significant for both Texas Instruments and Silicon Labs. By combining our embedded wireless connectivity portfolio with Texas Instruments’ scale, technology and manufacturing capabilities, we will be positioned to serve more customers and accelerate innovation.”
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