Ten stocks boasted strong gains on Thursday amid a bloody market, as investors took heart from strong corporate earnings and outlook, among others.
Meanwhile, Wall Street’s major indices all clocked more than 1 percent losses, led by the Nasdaq, down 1.59 percent, followed by the S&P 500 declining 1.23 percent, and the Dow Jones, dropping 1.20 percent.
In this article, we spotlight the 10 top performers on Thursday 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.
Photo by RDNE Stock Project on Pexels
10. Arm Holdings PLC (NASDAQ:ARM)
Arm Holdings grew its share prices by 5.70 percent on Thursday to close at $110.88 apiece, as investors loaded portfolios following news of record-breaking revenues in the third quarter of fiscal year 2026.
In an updated report on Wednesday, Arm Holdings PLC (NASDAQ:ARM) said that revenues surged by 26 percent to $1.2 billion from $983 million in the same period a year earlier, on the back of a 27 percent surge in royalty revenues, thanks to AI and general-purpose data center, smartphones, physical AI, and edge AI. Licensing revenues also increased by 25 percent year-on-year.
The third quarter marked its fourth consecutive quarter of clocking more than $1 billion in revenues.
However, net income fell by 12 percent to $223 million from $252 million.
For the fourth quarter of the fiscal period, revenues are targeted to be at the midpoint of $1.47 billion, plus or minus $50 million. This would imply an 18.5 percent growth from the $1.24 billion in the same quarter a year earlier.
Arm Holdings PLC (NASDAQ:ARM) is a British semiconductor and software design company creating, developing, and licensing energy-efficient CPU cores and related technology.
9. NIO Inc. (NYSE:NIO)
NIO shares jumped by 5.86 percent on Thursday to close at $4.7 apiece as investors gobbled up shares following hints at profitability in the fourth quarter of 2025.
In a statement, NIO Inc. (NYSE:NIO) said that based on a preliminary assessment, it expects to report adjusted operating profit of $100 million to $172 million during the period, reversing an adjusted operating loss of $799 million in the same quarter a year earlier.
The projected figures were attributed to sustained sales volume growth, optimization of vehicle margin thanks to a favorable product mix, and its ongoing comprehensive cost reduction efforts, and continued improvement in operational efficiency.
Earlier this month, NIO Inc. (NYSE:NIO) announced that its vehicle deliveries last month hit 27,182, marking a 96.1 percent increase from the same month last year.
The deliveries consisted of 20,894 vehicles from its premium smart electric vehicle brand NIO; 3,481 vehicles from the ONVO brand; and 2,807 vehicles from the smart high-end electric car brand FIREFLY.
As of last month, NIO Inc. (NYSE:NIO) has already delivered more than 1 million vehicles to its customers.
8. Tower Semiconductor Ltd. (NASDAQ:TSEM)
Tower Semiconductor grew its share prices by 6.43 percent on Thursday to close at $129.08 apiece as investors took heart from its partnership with Nvidia Corp. for the development of AI infrastructure with 1.6T data center optical modules.
In a statement, Tower Semiconductor Ltd. (NASDAQ:TSEM) said that the optical modules are designed for Nvidia’s networking protocols and support the needs of artificial intelligence data centers.
“Tower Semiconductor is proud to deliver advanced, high-speed technologies that support demanding data center and AI requirements. We continue to invest significantly across our SiGe and silicon photonics platforms to support the ecosystem with industry-leading performance, scalability, and manufacturability, enabling customers to advance next-generation data center architectures,” Tower Semiconductor Ltd. (NASDAQ:TSEM) CEO Russell Ellwanger said.
For his part, Gilad Shainer, Nvidia’s senior vice president for networking, said that the collaboration would help advance the AI ecosystem, enabling more efficient infrastructure through next-generation silicon photonics and accelerating applications at scale.
Meanwhile, Tower Semiconductor Ltd. (NASDAQ:TSEM) is set to announce the results of its earnings performance for the fourth quarter of 2025 on Wednesday, February 11.
7. ASE Technology Holding Co. Ltd. (NYSE:ASX)
ASE Technology snapped a two-day losing streak on Thursday, jumping 6.69 percent to finish at $20.26 apiece as investors took heart from a strong earnings performance in the full-year and fourth quarter of 2025.
In an updated report, ASE Technology Holding Co. Ltd. (NYSE:ASX) said that attributable net income in full-year 2025 jumped by 25 percent to NT$40.66 billion from NT$32.48 billion a year earlier.
Net revenues increased by 8.4 percent to NT$645 billion from NT$595 billion year-on-year.
In the fourth quarter alone, attributable net income soared by 58 percent to NT$14.7 billion from NT$9.3 billion, while net revenues increased by 9.6 percent to NT$177.9 billion from NT$162.26 billion.
Of the total revenues, packaging operations accounted for 49 percent, EMS operations accounted for 38 percent, testing operations accounted for 12 percent, while the remaining was at 1 percent.
ASE Technology Holding Co. Ltd. (NYSE:ASX) is one of the leading providers of semiconductor services in assembly and testing.
6. Celestica Inc. (NYSE:CLS)
Celestica jumped by 6.90 percent on Thursday to finish at $294.89 apiece as investors loaded portfolios in semiconductor stocks on strong confidence amid a market bloodbath dampened by Bitcoin’s sharp fall during the day.
The rally was further supported by a strong earnings performance last year, with net income soaring by 94.5 percent to $832.5 million from only $428 million in 2024, as revenues surged by 29 percent to $12.39 billion from $9.6 billion year-on-year.
In the fourth quarter alone, net profit totaled $267.5 million, marking a 76 percent jump from $151.7 million in the same period a year earlier. Revenues jumped by 44 percent to $3.6 billion from $2.5 billion year-on-year.
Encouraged by the results, Celestica Inc. (NYSE:CLS) raised its full-year 2026 revenue growth outlook to $17 billion from $16 billion previously on expectations for stronger demand for AI-related data center technologies. This would imply a 37 percent jump from 2025 revenues.
Adjusted earnings per share were also pegged at $8.75, versus $8.20 previously.
“Our financial performance in the fourth quarter was very strong, with revenue of $3.65 billion and adjusted EPS (non-GAAP)* of $1.89, both exceeding the high end of our guidance ranges. We had a solid finish to 2025,” said Celestica Inc. (NYSE:CLS) President and CEO Rob Mionis.
5. Forgent Power Solutions Inc. (NYSE:FPS)
Forgent Power jumped by 7.41 percent in its first day as a publicly listed company as investors snapped up shares amid an overall optimism for the artificial intelligence sector.
During the session, the stock opened at $26, or 3.7 percent lower than its initial public offering (IPO) price of $27 before gaining ground to finish the day higher at $29 apiece.
The company successfully raised $1.5 billion in fresh funds from the sale of 56 million shares, consisting of more than 39.4 million from its parent firm, controlled by Neos Partners LP, and another 16.5 million offered by the newly listed firm itself.
In addition, the selling stockholders and Forgent Power Solutions Inc. (NYSE:FPS) granted its underwriters a 30-day option to purchase an additional 8.4 million shares at the IPO price.
Forgent Power Solutions Inc. (NYSE:FPS) said that it will not receive any proceeds from the share sale from its selling stockholders, while the proceeds it will receive will be used to redeem interests in an operating subsidiary held by certain existing equity owners controlled by Neos Partners LP.
The operating subsidiary will bear or reimburse the company for all of the expenses of the offering.
Forgent Power Solutions Inc. (NYSE:FPS) is engaged in the design and production of electrical distribution equipment for data centers, power grid and energy-intensive industrial facilities. It specializes in manufacturing custom products that are “engineered-to-order” for technically demanding applications.
4. Lumentum Holdings Inc. (NASDAQ:LITE)
Lumentum extended its winning streak to a 5th consecutive day on Thursday, hitting a new all-time high as investors digested its strong earnings performance in the second quarter of fiscal year 2026.
At intra-day trading, the stock surged to its highest price of $507.55 before paring gains to finish the session just up by 8.35 percent at $504.42 apiece.
In an updated report, Lumentum Holdings Inc. (NASDAQ:LITE) said that it swung to a net profit of $78.2 million during the period from a $60.9 million loss in the same period a year earlier. Net revenues surged by 65 percent to $665.5 million from $402.2 million year-on-year.
Revenues hit the high-end of its earlier guidance, while profitability and earnings per share exceeded its previous outlook.
“Our forward guidance calls for over 85 percent year-over-year revenue growth, yet we are only at the starting line for two substantial opportunities: optical circuit switches (OCS) and co-packaged optics (CPO). In OCS, we are scaling rapidly to meet extraordinary customer demand that has already driven our backlog well beyond $400 million. In CPO, we received an incremental multi-hundred-million-dollar order, deliverable in first half calendar 2027. Our results continue to highlight the strength of our roadmaps for both optical components and systems, which make us mission-critical to the world’s AI leaders,” said Lumentum Holdings Inc. (NASDAQ:LITE) President and CEO Michael Hurlston.
For the third quarter, Lumentum Holdings Inc. (NASDAQ:LITE) is targeting revenues between $780 million and $830 million, or an implied growth of 83 percent to 95 percent from the $425.2 million reported in the same quarter last year.
3. Sirius XM Holdings Inc. (NASDAQ:SIRI)
Sirius XM Holdings jumped by 9.02 percent on Thursday to finish at $22.60 apiece as investor sentiment was bolstered by its strong earnings performance in full-year 2025.
During the period, Sirius XM Holdings Inc. (NASDAQ:SIRI) swung to a net income of $805 million from a $2.07 billion net loss in 2024. Total revenues dipped by 2.3 percent to $8.5 billion from $8.7 billion year-on-year.
In the fourth quarter alone, net income declined by 65 percent to $99 million from $287 million in the same period last year, while revenues were flat at $2.2 billion.
“Our 2025 results reflect strong execution throughout the year. We beat our previously raised guidance, surpassed our cost savings target with $250 million of in-year incremental gross savings and drove strong free cash flow of $1.26 billion, which we allocated thoughtfully across high-ROI investments, deleveraging, and returns to shareholders,” Sirius XM Holdings Inc. (NASDAQ:SIRI) Chief Finance Officer Zac Coughlin said.
“As we look to 2026, our focus remains on financial discipline, a low-to-mid 3x leverage ratio, and continued free cash flow growth toward our $1.5 billion 2027 objective,” he noted.
In terms of revenues, Sirius XM Holdings Inc. (NASDAQ:SIRI) is targeting revenues of $8.5 billion, flat from 2025, while adjusted EBITDA was pegged at $2.6 billion, lower than the $2.67 billion reported last year.
2. The Hershey Company (NYSE:HSY)
The Hershey Company soared to a new 52-week high on Thursday after five consecutive days of gains, as investors loaded portfolios ahead of its dividend payment.
At intra-day trading, The Hershey Company (NYSE:HSY) soared to its highest price of $225.55 before paring gains to end the day just up by 9.03 percent at $224.38 apiece.
In a statement after its earnings call, the company said it would distribute $1.452 worth of dividends to its common shareholders, as well as $1.320 to Class B common shareholders as of February 17, payable on March 16, 2026.
The announcement followed a mixed earnings performance last year, with The Hershey Company (NYSE:HSY) incurring a 60 percent drop in its net income to $883.3 million versus $2.2 billion in 2024.
Net sales, on the other hand, inched up by 4.46 percent to $11.7 billion from $11.2 billion year-on-year.
In the fourth quarter alone, net income stood at $320 million, a decrease of 60 percent from the $796 million in the same period.
Looking ahead, The Hershey Company (NYSE:HSY) is targeting to grow its net sales by 4 to 5 percent this yeardriven by net price realization and increased innovation, cultural and seasonal activations, and advertising levels to support demand.
Full-year adjusted diluted earnings per share are expected to be in the range of $8.20 to $8.52, or an increase of 30 percent to 35 percent versus 2025. Sales growth and gross margin recovery are expected to more than offset increased strategic investment in brands, capabilities, and technology, as well as higher interest expense.
1. Tapestry Inc. (NYSE:TPR)
Tapestry soared to a new all-time high on Thursday, as investors digested the company’s strong earnings performance in the second quarter of fiscal year 2026, alongside a higher growth outlook for the full year.
At intra-day trading, the stock climbed to its highest price of $145.42 before trimming gains to finish the session just up by 10.21 percent at $143.19 apiece.
In an updated report, Tapestry Inc. (NYSE:TPR) said that net income in the second quarter ending December surged by 81 percent to $561.3 million from only $310.4 million in the same quarter a year earlier. Net sales jumped by 14 percent to $2.5 billion from $2.19 billion year-on-year.
In the six-month period, Tapestry Inc. (NYSE:TPR) saw net income increase by 68 percent to $836.1 million from $497 million in the same period a year earlier, while net sales increased by 13.5 percent to $4.2 billion from $3.7 billion.
Looking ahead, Tapestry Inc. (NYSE:TPR) is targeting revenues of more than $7.75 billion, representing an 11 percent growth from a year earlier.
Diluted earnings per share are pegged at $6.40 to $6.45, representing growth of over 25 percent compared to the prior year, and exceeding previous guidance of $5.45 to $5.60.
Tapestry Inc. (NYSE:TPR) is the holding company of infamous brands such as Coach, Kate Spade, and Stuart Weitzman.
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