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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Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.