Ten stocks boasted double-digit gains on Friday, outperforming a lackluster broader market, as investors positioned portfolios amid a flurry of strong corporate earnings, with more releases expected in the next few days.

Meanwhile, only the Nasdaq and the S&P 500 finished in the green among Wall Street’s major indices, up 0.89 percent and 0.29 percent, respectively. The Dow Jones was down by 0.31 percent.

In this article, we focus on the 10 stocks delivering outsized gains and break down the reasons behind their performance.

To come up with the list, we considered the stocks with a $2 billion market capitalization and 5 million shares in trading volume.

10. nVent Electric PLC (NYSE:NVT)

nVent Electric climbed to a fresh all-time high on Friday after a stellar earnings performance and a higher growth outlook for the second quarter of the year.

The stock jumped to its highest price of $167 at intra-day trade before trimming gains to end the session just up by 11.21 percent at $158.92 apiece.

In an updated report, nVent Electric PLC (NYSE:NVT) said that it was able to grow its net sales by 53 percent to $1.242 billion from $809.3 million in the same period last year, primarily driven by strengthening demand from broad-based data centers.

Net income from continuing operations stood at $140.4 million, or a 61 percent jump from the $87 million in the same period last year.

Net income, which includes discontinued operations, fell by 60.5 percent to $142.4 million from $360.7 million year-on-year.

Encouraged by the results, nVent Electric PLC (NYSE:NVT) raised its guidance across key metrics for the full-year 2026 period.

Report sales are now projected to grow by 26 to 28 percent, versus 15 to 18 percent previously. This represents a 21 to 23 percent organic sales growth, versus the prior outlook of 10 to 13 percent.

Earnings per share were pegged at $3.68 to $3.78 on a GAAP basis, and adjusted EPS of $4.45 to $4.55, versus the prior guidance of $3.27 to $3.42 on a GAAP basis and adjusted EPS of $4 to $4.15.

For the second quarter, nVent Electric PLC (NYSE:NVT) is looking to hit sales growth of 28 to 30 percent and organic sales growth of 23 to 25 percent.

On May 8, 2026, shareholders on record as of April 24, 2026, are set to receive $0.21 in cash per share held as part of the company’s quarterly dividends.

9. Newell Brands Inc. (NASDAQ:NWL)

Newell Brands saw its share prices jump by 11.52 percent on Friday to finish at $4.55 apiece, as investors cheered a higher growth outlook for full-year 2026.

In an updated report, the company said that it now expects net sales to either grow by 2 percent or finish flat year-on-year, versus the previous guidance of a 1 percent uptick or a 1 percent dip.

Core sales are also targeted to either inch up or decrease by 1 percent in the same comparable period, better than the previous outlook of a 2-percent decline or flat growth.

The outlook followed the company’s earnings performance in the first quarter of the year, with net loss narrowing by 10.8 percent to $33 million from $37 million in the same period last year. Net sales, however, declined by 1.1 percent to $1.549 billion from $1.566 billion.

“First quarter results came in ahead of plan across all key metrics with all three segments delivering core sales above our expectations. Higher than expected consumer demand for our products, as evidenced by improving point of sale and share trends, was driven by continued investment in innovation, advertising, and promotional support. We also experienced better-than-expected underlying category dynamics despite the continued existence of a challenging macroeconomic backdrop,” said Newell Brands Inc. (NASDAQ:NWL) President and CEO Christ Peterson.

“We continue to believe that our strategy is working and, importantly, we now expect to return to top-line growth in the second quarter,” he noted.

For the second quarter, both net sales and core sales are targeted to either grow by 2 percent or remain unchanged year-on-year.

8. Applied Optoelectronics Inc. (NASDAQ:AAOI)

Applied Optoelectronics soared to a fresh all-time high on Friday, as investors increased further exposure in the company ahead of next week’s earnings performance results.

At intra-day trade, the stock surged to its highest price of $191.87 before trimming gains to end the session just up by 11.65 percent at $183.51 apiece.

Applied Optoelectronics Inc. (NASDAQ:AAOI) is scheduled to announce its financial and operating highlights for the first quarter of the year after market close on Thursday, May 7. A conference call will be held to elaborate on the results.

For the period, Applied Optoelectronics Inc. (NASDAQ:AAOI) is targeting to report revenues in the range of $150 million to $165 million, or an implied growth of 50 percent to 65 percent from the $99.9 million in the same period last year.

However, it expects to incur a net loss of $300,000 to up to $7 million, versus a $900,000 net loss in the same period a year earlier.

Earlier this week, Applied Optoelectronics Inc. (NASDAQ:AAOI) bagged a new $20.9 million grant from the state of Texas for its manufacturing expansion in Sugar Land, while supporting the latter’s plans to advance the semiconductor industry.

At present, Applied Optoelectronics Inc. (NASDAQ:AAOI) is underway with the expansion of an additional 210,000-square-foot manufacturing facility adjacent to its current headquarters in Sugar Land, where it will establish one of the largest production capacities for AI-focused data center transceivers in the US.

Upon completion, the new development is expected to generate more than 500 new jobs.

7. Nebius Group NV (NASDAQ:NBIS)

Nebius climbed by 11.76 percent on Friday to close at $154.49 apiece, as investors gobbled up shares following news that it would acquire startup company, Eigen AI, in a bid to support faster and more efficient AI models, while strengthening its presence in the US.

In a statement, Nebius Group NV (NASDAQ:NBIS) said that the acquisition will help strengthen its Token Factory, which businesses use to run AI systems, as a frontier managed inference platform for production AI, complementing the listed firm’s global computing capacity and AI cloud platform.

Upon closing, Eigen AI’s inference and post-training optimization layers will be integrated directly into Nebius Token Factory, which provides enterprise-grade autoscaling endpoints and fine-tuning pipelines across all major open-source models.

“We are operating in a capacity-scarcity world where AI builders need optimized inference and infrastructure scale. The integration of Eigen AI’s optimization capabilities and founding team will establish Nebius Token Factory at the frontier of inference, offering customers market-leading model performance and unit economics with massive compute capacity to back it at scale,” said Nebius Group NV (NASDAQ:NBIS) Chief Business Officer Roman Chernin.

In other news, Nebius Group NV (NASDAQ:NBIS) is set to announce the results of its earnings performance for the first quarter of the year before market open on Wednesday, May 13. It will likewise hold a conference call to discuss the results.

6. Reddit Inc. (NYSE:RDDT)

Reddit snapped a three-day losing streak on Friday, as investors cheered its stellar earnings performance in the first quarter of the year, with profits skyrocketing by nearly 700 percent.

In an updated report, Reddit Inc. (NYSE:RDDT) said that its net income increased by 680 percent to $204 million from only $26 million in the same period last year, on the back of strong advertising revenues for the period.

Total revenues increased by 69 percent to $663 million from $392 million year-on-year, on the back of a 74-percent jump in advertising sales, at $625 million.

Daily active uniques (DAUq) also increased by 17 percent year-on-year to 126.8 million from 108.1 million in the first quarter of 2025.

Following the results, Reddit Inc. (NYSE:RDDT) issued a growth outlook of 43 to 45 percent in revenues for the second quarter of the year, to a range of $715 million to $725 million, versus $500 million in the same period last year.

Adjusted EBITDA is expected to be $285 million to $295 million, or an implied jump of 70.6 percent to 76.6 percent from the $167 million posted in the same period last year.

“Reddit is a one-of-one business powered by deeply engaged communities and authentic human conversation. That foundation is driving a rare combination of growth, profitability, and efficiency, and giving Reddit a unique advantage in the age of AI,” Reddit Inc. (NYSE:RDDT) CEO Steve Huffman said.

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