Shares of Twilio Inc (NYSE:TWLO) rose sharply in pre-market trading after the company reported better-than-expected first-quarter financial results and issued second-quarter guidance above estimates. Also, the company raised its FY26 sales guidance above estimates.

Twilio turned in first-quarter revenue of $1.41 billion, beating analyst estimates of $1.34 billion, according to Benzinga Pro. The company reported adjusted earnings of $1.50 per share for the quarter, beating estimates of $1.27 per share.

Twilio shares jumped 20.6% to $178.70 in pre-market trading.

Here are some other stocks moving in pre-market trading.

Gainers

  • Cue Biopharma Inc (NASDAQ:CUE) gained 56.2% to $23.04 in pre-market trading after the company simultaneously announced a $30 million private investment in public equity financing, an exclusive Phase 2 anti-IgE antibody license and a CEO appointment.
  • System1 Inc (NYSE:SST) gained 50% to $4.86 in pre-market trading.
  • Akanda Corp (NASDAQ:AKAN) rose 41.2% to $69.18 in pre-market trading after jumping 88% on Thursday.
  • AIOS Tech Inc (NASDAQ:AIOS) rose 39.2% to $12.99 in pre-market trading after the Hong Kong-based company filed a Securities and Exchange Commission filing announcing an extraordinary general meeting scheduled for May 29.         
  • 22nd Century Group Inc (NASDAQ:XXII) gained 30.1% to $2.03 in pre-market trading after dipping 3% on Thursday.
  • Sadot Group Inc (NASDAQ:SDOT) rose 25.1% to $1.22 in pre-market trading after falling 26% on Thursday.
  • Atlassian Corp (NASDAQ:TEAM) jumped 24.4% to $85.30 in pre-market trading after the company reported better-than-expected third-quarter financial results.
  • iSpecimen Inc (NASDAQ:ISPC) gained 22.3% to $6.40 in pre-market trading after gaining 22% on Thursday.
  • Five9 Inc (NASDAQ:FIVN) rose 16.3% to $20.00 in pre-market trading after the company reported better-than-expected first-quarter financial results and raised its FY26 guidance.

Losers

  • Bayfirst Financial Corp (NASDAQ:BAFN) fell 37.7% to $5.19 in pre-market trading after the company reported a first-quarter net loss, announced an $80 million capital raise, and named a new CEO for its bank unit.
  • Roblox Corp (NYSE:RBLX) fell 21.6% to $43.26 in pre-market trading after posting first-quarter results.
  • Skyline Builders Group Holding Ltd (NASDAQ:SKBL) fell 20.5% to $3.61 in pre-market trading after the company announced a proposed business combination agreement with Cove Kaz Capital Group and related entities.
  • Rein Therapeutics Inc (NASDAQ:RNTX) declined 19.6% to $1.09 in pre-market trading after the company announced pricing of $50 million underwritten public offering of common stock.
  • Senseonics Holdings Inc (NASDAQ:SENS) fell 18.2% to $5.41 in pre-market trading as the company announced pricing of $80 million public offering of common stock and pre-funded warrants.
  • Offerpad Solutions Inc (NYSE:OPAD) tumbled 15.6% to $0.67 in pre-market trading after posting quarterly results.
  • Xiao-I Corp (NASDAQ:AIXI) shares dipped 14.8% to $0.83 in pre-market trading after gaining 8% on Thursday.
  • Summit Therapeutics Inc (NASDAQ:SMMT) dipped 13.9% to $18.50 in pre-market trading after the company reported first-quarter financial results.
  • Western Digital Corp (NASDAQ:WDC) fell 7.4% to $403.03 in pre-market trading after the company reported third-quarter results.
  • SanDisk Corp (NASDAQ:SNDK) dipped 5.6% to $1,034.67 in pre-market trading following third-quarter results.

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