US PRE-MARKET MOVERS: NOW, TSLA, MBLY, OKLO, TXN, CMCSA, CSX, HAS, ROP, INTC, NFLX, LUV, LMT, LULU, HON, IBM, SMCI

ES -0.2% NQ -0.2% RTY +0.1%

• NOW -13%: Middle East conflict delayed several large on-premise deal closings & weighed on subscription revenue growth; software names continue to be hit by AI-driven disruption
• IBM -8%: Better-than-exp. results were overshadowed by unchanged FY guidance
• TSLA -3.2%: Rev. light & said spending would be higher than prev. guided
• MBLY +15%: EPS, rev. topped as did midpoint of FY top line guide & announced $250mln share buyback
• OKLO +10.5%: Partners w/ NVDA to advance nuclear R&D
• TXN +10.5%: EPS & rev. beat w/ strong next Q outlook
• CMCSA +7%: Stellar Q numbers
• CSX +6.5%: Earnings beat, driven by efficiency gains & improved expense mgmt., alongside volume growth & other factors
• HAS +5.5%: Prelim Q1 rev. impressed
• ROP +3%: Top & bottom line beat alongside lifting FY26 profit view
• INTC +1.3%: Musk said Tesla plans to use Intel’s 14A process
• NFLX +1.2%: Authorised buyback of additional $25bln of shares
• LUV -2.5%: Q numbers underwhelmed as did guidance, as ME impact weighs
• LMT -4%: Weak Q1 metrics & backs FY outlook
• LULU -5.3%: Selected former NKE exec Heidi O’Neill as its next CEO
• HON -5.5%: Next Q guidance disappointed
• SMCI -11%: Bluefin reports Co. lost $1.1bln ORCL GB300 contract