In this article, we deep dive into the 5 stocks that boasted double-digit gains on Thursday. For a deeper discussion and an extended list, please see 10 Stocks Boasting High Double-Digit Gains.
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5. Himax Technologies Inc. (NASDAQ:HIMX)
Himax soared to an over four-year high on Thursday, as investors snapped up shares after the company posted an upbeat outlook for the remainder of the year despite macroeconomic challenges impacting its performance for both the first and second quarters of the year.
At intra-day trading, the stock climbed to a record high of $17.95 before paring gains to finish the session just up by 30.01 percent at $16.03 apiece.
In an updated report, Himax Technologies Inc. (NASDAQ:HIMX) slashed its net income attributable to shareholders by 60 percent to $7.99 million from the $19.99 million in the same period last year. Revenues also declined by 7.4 percent to $199 million from $215 million year-on-year.
“The rapid rise in AI demand is placing unprecedented strain on memory chip supply, impacting many non-AI applications. This, in turn, has led to capacity tightness across foundry, packaging, and testing in mature process nodes where Himax is anchored, putting upward pressure on the company’s cost structure. Rising gold prices have further compounded these cost pressures,” Himax Technologies Inc. (NASDAQ:HIMX) said.
The company also expects said challenges to spill over to the second quarter of the year, but assured that it is working continuously with its customers on pricing adjustments.
However, Himax Technologies Inc. (NASDAQ:HIMX) turned more optimistic about its outlook for the second half of the year, amid new automotive projects scheduled to enter mass production during the period, as well as anticipated growth in non-driver IC businesses such as Tcon and WiseEye AI.
“Despite ongoing macro uncertainty, Himax continues to expand beyond its traditional display IC business, focusing on key growth areas including smart glasses, ultralow power AI, and CPO. These emerging technologies present significant growth opportunities that help diversify Himax’s revenue base into areas with attractive gross margin profiles and profitability while also strengthening its overall competitiveness,” it said.
4. HawkEye 360 Inc. (NYSE:HAWK)
HawkEye soared by 30.77 percent on Thursday—its first trading day as a publicly-listed company, thanks to the increasing appetite for space stocks amid ongoing developments in the sector.
The stock opened the day immediately surging by 30 percent from its initial public offering (IPO) price of $26, climbed by as high as 32.6 percent at $34.49, before finishing the day at $34 apiece.
HawkEye 360 Inc. (NYSE:HAWK) successfully raised $416 million in fresh funds from the sale of 16 million common shares. It also has the potential to raise as much as $62.4 million in case its underwriters fully subscribe to its 30-day overallotment option of 2.4 million common shares at the IPO price.
HawkEye 360 Inc. (NYSE:HAWK) said that proceeds from the offer will be used to boost its financial flexibility, repay all of its outstanding debt under the 2025 Loan and Security Agreement and the 2025 Mezzanine Loan and Security Agreement.
As of 2025, HawkEye 360 Inc. (NYSE:HAWK) said that its total indebtedness amounted to $48.6 million, including $14.6 million under the senior term loan and $34 million under the mezzanine loan.
Meanwhile, another $15 million of the proceeds will be used to make the deferred payment included in the total consideration for its acquisition of Innovative Signal Analysis Inc., while the balance will be used to fund its working capital and other general corporate purposes.
3. DataDog Inc. (NASDAQ:DDOG)
DataDog snapped a two-day losing streak on Thursday, soaring 31.33 percent to finish at $188.73 apiece, after posting a stellar earnings performance in the first quarter of the year, with profits jumping by more than double and revenues climbing by double digits.
In an updated report, DataDog Inc. (NASDAQ:DDOG) said that its net income last quarter soared by 113 percent to $52.57 million from the $24.64 million in the same period last year.
Revenues cracked past the $1 billion territory, at $1.006 billion, versus $761 million in the same period last year, marking a growth of 32 percent.
Looking ahead, DataDog Inc. (NASDAQ:DDOG) is targeting to grow its revenues in the second quarter of the year by 29 to 30 percent to a range of $1.07 billion to $1.08 billion, versus the $827 million in the same period a year earlier.
For full-year 2026, revenues are expected to jump by 25 percent to 26.5 percent to a range of $4.3 billion to $4.34 billion, versus the $3.43 billion year-on-year.
Non-GAAP operating income is pegged at $940 million to $980 million, or an implied growth of 22 percent to 27.6 percent from $768 million in 2025.
Next month, DataDog Inc. (NASDAQ:DDOG) is slated to hold a conference called DASH 2026, where it is expected to showcase its latest innovations developed for AI.
2. AAON Inc. (NASDAQ:AAON)
AAON climbed to a new 52-week high on Thursday, as investors snapped up shares after posting a high double-digit revenue growth in the first quarter of 2026 and an upbeat outlook for the full-year period.
At intra-day trading, AAON Inc. (NASDAQ:AAON) climbed to its highest price of $148.88 before trimming gains to end the session just up by 31.49 percent at $129.25 apiece.
This followed its earnings call in the first three months of the year, where it delivered a 54.3 percent jump in net sales to $496.9 million from $322.1 million in the same period last year, driven by strong demand across AAON and BASX brands, helped by ramped-up production.
Net income, on the other hand, increased by 35.9 percent to $39.8 million from $29.29 million in the same comparable period.
Looking ahead, AAON Inc. (NASDAQ:AAON) is upbeat about its outlook for 2026, with revenues expected to jump by 40 to 45 percent and gross margins by 27 to 28 percent, supported by a 107.4 percent increase in backlogs to a record of $2.1 billion.
The company said that the strong demand was driven by continued strength from the data center market.
1. Fluence Energy Inc. (NASDAQ:FLNC)
Fluence Energy extended its winning streak to a 6th straight day on Thursday, soaring 39.90 percent to finish at $18.97 apiece, as investors cheered its earnings performance in the second quarter of fiscal year 2026, having narrowed its net losses and markedly growing its revenues during the period.
In an updated report, Fluence Energy Inc. (NASDAQ:FLNC) said that it was able to narrow its attributable net loss by 32.5 percent to $20.9 million from $31 million in the same period last year, while also growing its revenues by 7.7 percent to $464.89 million from $431.6 million.
Fluence Energy Inc. (NASDAQ:FLNC) President and CEO Julian Nebreda said that the company is beginning to see the benefit of its pipeline growth, with growth in orders over the past few months, which supported backlogs reaching record levels.
“We also reached substantial completion on our first delivery of Smartstack and affirmed access to our domestic content offering in the US,” he noted.
“Our customer expansion strategy is gaining momentum: we have signed master supply agreements with two hyperscalers and expect to convert our first order soon,” he noted.
Following the results, Fluence Energy Inc. (NASDAQ:FLNC) reaffirmed its revenue growth outlook for the fiscal year 2026, at $3.2 billion to $3.6 billion, or growth of 39 percent to 56.5 percent from the $2.3 billion in fiscal year 2025.
While we acknowledge the potential of FLNC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FLNC and that has 100x upside potential, check out our report about the cheapest AI stock.
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