Ten stocks soared by double digits on Thursday, bucking a lackluster broader market, thanks to more strong corporate earnings and optimistic outlooks, among others.
On Wall Street, only the Dow Jones finished in the green, inching up 0.03 percent. The Nasdaq and the S&P 500 both fell by 1.18 percent and 0.54 percent, respectively.
Indices aside, we spotlight the 10 top performers on Thursday and break down the reasons behind their gains.
To come up with the list, we focused exclusively on the stocks with a $2 billion market capitalization and 5 million shares in trading volume.
Photo by Tima Miroshnichenko on Pexels
10. Intuitive Machines Inc. (NASDAQ:LUNR)
Intuitive Machines rebounded by 11.20 percent on Thursday to finish at $17.67 apiece, after an investment firm reiterated an optimistic coverage for the stock.
In a market report, B. Riley reaffirmed its “buy” recommendation and $25 price target, marking a 41 percent upside potential from its latest closing price.
This followed the listed firm’s ongoing $175 million share sale, as it aims to raise funds to support revenue expansion and investment in technologies to advance communications and data processing networks, including extending flight-proven satellite platforms into those growth markets. The transaction is expected to close tomorrow, February 27.
Additionally, Intuitive Machines Inc. (NASDAQ:LUNR) intends to invest in expanding its Near Space Network Services (NSNS) and establish a solar system internet independent of Earth.
“Through investments in the Lanteris platforms, specifically the 1300 series, the company believes it can grow market share in Geostationary Orbit, expand capability around the Moon, extend capability to Mars, and support emerging high-power on-orbit data processing and edge computing,” it said.
“The company believes this investment will enhance its ability to win and execute higher margin, recurring revenue programs such as Golden Dome initiatives, Tracking and Data Relay Satellite System, the Mars Telecommunications Orbiter, as well as the evolving space-based orbital data center market,” it noted.
9. Magnite Inc. (NASDAQ:MGNI)
Magnite rallied for a third straight day on Thursday, jumping 12.61 percent to close at $13.48 apiece, as investor sentiment was bolstered by its stellar earnings performance, coupled with news that it would buy back $200 million of its shares for a two-year period.
In an updated report, Magnite Inc. (NASDAQ:MGNI) said that net income for full-year 2025 soared by 535 percent to $144.6 million from $22.8 million in 2024, while revenues grew by 7 percent to $714 million from $668.2 million.
In the fourth quarter alone, net income surged by 238 percent to $123.1 million from $36.4 million, helped by a $90-million one-time tax benefit related to the release of a valuation allowance on its deferred tax assets.
Revenues also increased by 6 percent to $205.4 million from $194 million.
For this year, Magnite Inc. (NASDAQ:MGNI) is targeting mid-teens growth in its adjusted EBITDA, with margins higher than 35 percent.
Earnings aside, Magnite Inc. (NASDAQ:MGNI) announced a new round of a share buyback program totaling $200 million.
The initiative will be made through a series of transactions, including tapping the open market and entering into privately negotiated transactions, until February 29, 2028.
8. Chime Financial Inc. (NASDAQ:CHYM)
Chime Financial extended its winning streak to a third consecutive day on Thursday, climbing 13.57 percent to finish at $23.97 apiece, as investors took heart from the company’s expected return to profitability this year, overshadowing a dismal earnings performance in 2025.
In a statement, Chime Financial Inc. (NASDAQ:CHYM) said that it is well-positioned for growth this year, with multiple tailwinds expected to support strong bottom-line, topline, and margins.
“We expect 2026 will be our first full year to achieve GAAP net income profitability, ahead of previous internal expectations,” it said.
Chime Financial Inc. (NASDAQ:CHYM) is looking to grow its revenues by 20 to 22 percent to a range of $2.63 billion to $2.67 billion. Adjusted EBITDA is also targeted at $380 million to $400 million, with a margin between 14 and 15 percent, or an incremental adjusted EBITDA margin of over 55 percent.
For the first quarter alone, revenues are targeted to jump by 21 to 23 percent to a range of $627 million to $637 million, while adjusted EBITDA is pegged at $90 million to $95 million, with a margin between 14 and 15 percent.
Last year, Chime Financial Inc. (NASDAQ:CHYM) widened its net loss by 3,936 percent to $1 billion from only $25 million in 2024, primarily due to a $928-million stock-based compensation expense and related payroll tax in the second quarter of 2025 that was significantly elevated due to its initial public offering.
Revenues, on the other hand, increased by 30.7 percent to $2.19 billion from $1.67 billion year-on-year.
In the fourth quarter alone, net loss surged by 128 percent to $44.78 million from $19.6 million, while revenues increased by 25 percent to $596 million from $475 million.
7. Figs Inc. (NYSE:FIGS)
Figs Inc. soared to a nearly four-year high on Thursday, as investors cheered its stellar performance last year, coupled with a double-digit revenue growth outlook this year.
At intra-day trading, the stock hit its highest price of $12.66 before paring gains to finish the session just up by 13.78 percent at $12.47 apiece.
In an updated report, Figs Inc. (NYSE:FIGS) said that net income last year increased by 1,159 percent to $34.25 million from only $2.72 million in 2024, while revenues jumped by 13.7 percent to $631 million from $555 million, on the back of higher orders from new and existing customers, as well as average order value.
In the fourth quarter alone, net profit climbed by 884 percent to $18.5 million from $1.88 million, while net revenues increased by 33 percent to $201.9 million from $151.8 million.
For full-year 2026, Figs Inc. (NYSE:FIGS) is expecting to continue a double-digit growth of 10 to 12 percent in net revenues, versus 2025. Adjusted EBITDA margin is also pegged at 12.7 percent to 12.9 percent.
“Our success positions us for a great 2026 with continuing growth from the core foundational elements of our business, as well as from International, TEAMS and Community Hubs. Given our momentum and while still adopting a prudent mindset, we expect top-line growth in 2026 of 10-12 percent, including growth in the low-20 percent range for Q1. At the same time, we expect increased profitability, even with the latest announcement calling for 15 percent global tariffs,” Figs Inc. (NYSE:FIGS) CFO Sarah Oughtred said.
6. Bentley Systems Inc. (NASDAQ:BSY)
Bentley Systems rallied for a third straight day on Thursday, adding 14.04 percent to close at $37.04, thanks to a strong earnings performance last year alongside an upbeat outlook for 2026.
In an updated report, Bentley Systems Inc. (NASDAQ:BSY) said that attributable net income increased by 18.3 percent to $277.86 million from $234.79 million in 2024, while revenues jumped by 15 percent to $1.5 billion from $1.3 billion.
In the fourth quarter alone, attributable net income increased by 17 percent to $58.6 million from $50.09 million, while total revenues surged by 11.8 percent to $391.58 million from $349.8 million.
For this year, Bentley Systems Inc. (NASDAQ:BSY) is targeting to grow its revenues by 11 to 13 percent to a range of $1.685 billion to $1.715 billion.
Across its businesses, subscription and services revenues are expected to grow by 11 to 13 percent, and 15 to 20 percent, respectively, while perpetual licenses revenues are projected to end flat year-on-year.
Earnings aside, Bentley Systems Inc. (NASDAQ:BSY) announced the distribution of $0.07 per share of dividends to all Class A and B common shareholders on record as of March 10, 2026, payable on March 19.
5. Primo Brands Corp. (NYSE:PRMB)
Primo Brands extended its rally to a seventh consecutive day on Thursday, soaring 15.38 percent to finish at $22.65 apiece, as investor sentiment was bolstered by its return to profitability last year, overshadowing a weak growth outlook for this year.
In an updated report, Primo Brands Corp. (NYSE:PRMB) said that it swung to a net income of $60.1 million from a $16.4 million net loss in 2024, while net sales jumped by 29 percent to $6.66 billion from $5.15 billion, thanks to strong sales from Primo Water due to the merger transaction.
For the fourth quarter alone, net loss narrowed by 92 percent to $13 million from $157.7 million, while net sales increased by 10.7 percent to $1.55 billion from $1.40 billion.
“2025 was a year of transition as we continued to integrate two companies to form a leader in healthy hydration and across the US Liquid Refreshment Beverage category,” said Primo Brands Corp. (NYSE:PRMB) Chairman and CEO Eric Foss. “Our fourth quarter performance indicates early signs that our initiatives are resulting in an improved trajectory for the business. This speaks to the strength and resilience of our business model.”
However, Primo Brands Corp. (NYSE:PRMB) is targeting organic net sales to either end flat or inch up by just 1 percent year-on-year.
Adjusted EBITDA is expected to settle at $1.485 billion to $1.515 billion, or an implied growth of 2.6 percent to 4.7 percent from 2025.
4. PENN Entertainment Inc. (NASDAQ:PENN)
PENN Entertainment soared by 16.75 percent on Thursday to finish at $14.64 apiece, as investors cheered the company’s double-digit growth outlook for this year, despite a dismal earnings performance in 2025.
Last year, PENN Entertainment Inc. (NASDAQ:PENN) widened its net loss by 170 percent to $845.3 million from $313.3 million in 2024, despite total revenues inching up by 5.8 percent to $6.96 billion from $6.58 billion.
The company swung to an operating loss of $673.6 million, reversing a $72.5 million operating income a year earlier.
In the fourth quarter alone, PENN Entertainment Inc. (NASDAQ:PENN) incurred a 45 percent lower net loss of $73.4 million, versus $133.8 million in the same period a year earlier. Total revenues jumped by 8.2 percent to $1.8 billion from $1.669 billion.
The company also posted an optimistic outlook for this year, targeting to generate year-on-year adjusted EBITDAR growth of 20 percent.
“Our retail adjusted EBITDAR is poised for a year of growth as we aim to build upon our recent openings in Joliet and in Las Vegas, deliver two additional retail growth projects by the end of the second quarter, and anniversary new supply in several of our markets. In our Interactive segment, we continue to expect to achieve break-even adjusted EBITDA, which will be one of several meaningful drivers of cash flow growth in 2026,’ PENN Entertainment Inc. (NASDAQ:PENN) President and CEO Jay Snowden said.
3. Warby Parker Inc. (NYSE:WRBY)
Warby Parker saw its share prices jump by 17.82 percent on Thursday to finish at $25.65 apiece, as investor sentiment was boosted by its first swing to full-year profitability last year.
In an updated report, the company said that it generated $1.64 million in net income last year, reversing a $20.39 million net loss in 2024.
Meanwhile, net revenues jumped by 13 percent to $871.9 million from $771.3 million year-on-year.
For the fourth quarter, however, Warby Parker Inc. (NYSE:WRBY) remained at a $5.95 million net loss, albeit lower by 13.5 percent than the $6.88 million in the same quarter a year earlier.
Revenues also jumped by 11 percent to $211.97 million from $190.6 million.
Warby Parker Inc. (NYSE:WRBY) also underscored that it achieved a 7 percent growth in the number of active customers, while average revenue per customer stood at $324, up 5.7 percent year-on-year.
For this year, the company is looking to register a 10 to 12 percent growth in revenues to a range of $959 million to $976 million. Adjusted EBITDA is also targeted at $117 million to $119 million.
Additionally, it is planning to ramp up its store portfolio with the opening of 50 new stores this year to end at 373 in total.
In other news, Warby Parker Inc. (NYSE:WRBY) announced plans to repurchase up to $100 million of Class A common shares as it aims to boost shareholder and company value.
2. Caesars Entertainment Inc. (NASDAQ:CZR)
Caesars Entertainment saw its share prices jump by 19.11 percent on Thursday to finish at $24.74 apiece, as investors gobbled up shares following reports that it is set to be acquired by entertainment tycoon Tilman Fertitta.
According to a report by the Financial Times, Caesars Entertainment Inc. (NASDAQ:CZR) is reviewing potential acquisition offers, including one from Fertitta Entertainment, which owns the Golden Nugget casino.
Additionally, it is looking for an alternative option that would keep leadership involved through a buyout led by management.
The reports followed Caesars Entertainment Inc.’s (NASDAQ:CZR) earnings performance last year, which saw the company widen its attributable net loss by 80.6 percent to $502 million from $278 million in 2024.
Net revenues, on the other hand, inched up by 2.7 percent to $11.5 billion from $11.2 billion.
In the fourth quarter alone, Caesars Entertainment Inc. (NASDAQ:CZR) swung to an attributable net loss of $250 million from an $11 million net income in the same quarter a year earlier, with last year’s comparable period incurring a one-off gain of $350 million from certain asset sales.
Revenues jumped by 3.6 percent to $2.9 billion from $2.8 billion.
“As we look ahead to 2026, the brick-and-mortar operating environment remains stable, and we are expecting another year of strong Net Revenue and Adjusted EBITDA growth in our Caesars Digital segment. When combined with lower capex and cash interest expense, 2026 is forecasted to deliver strong free cash flow that we expect to use to pay down debt and opportunistically repurchase our common stock,” CEO Tom Reeg said.
1. IonQ Inc. (NYSE:IONQ)
IonQ rallied for a third straight day on Thursday, surging 21.70 percent to finish at $40.88 apiece, after beating its revenue expectations by high double digits last year and posting a highly optimistic outlook for 2026.
In an updated report, IonQ Inc. (NYSE:IONQ) said that it tripled its revenues last year to $130 million from only $43 million in 2024, beating its guidance by 20 percent.
Revenues in the fourth quarter alone soared by 429 percent to $61.89 million from only $11.7 million in the same period a year earlier, exceeding company expectations by 55 percent.
“2025 was a year of tremendous accomplishments and both a strategic and financial inflection point for IonQ. We became the first public quantum company in history with more than $100 million in GAAP revenue. We tripled our annual revenue and accelerated to a semiconductor-based roadmap for our industry-leading quantum computers. We expanded and deepened our platform into quantum networking, quantum sensing, and quantum security. We have now integrated our capabilities to create powerful operating momentum into 2026,” IonQ Inc. (NYSE:IONQ) Chairman and CEO Niccolo de Masi said.
However, the company remained at an attributable net loss of $510 million, higher by 54 percent than the $331.6 million in 2024, despite swinging to an attributable net income of $754 million in the fourth quarter of 2025 from a $202 million attributable net loss in the same period in 2024.
For this year, IonQ Inc. (NYSE:IONQ) expects revenues to grow by 73 percent to 88 percent to a range of $225 million to $245 million, while revenues in the first quarter are expected to end at $48 million to $51 million.
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