Shares of semiconductor stocks Arm Holdings PLC (NASDAQ:ARM), Qualcomm Inc (NASDAQ:QCOM), and Skyworks Solutions Inc (NASDAQ:SWKS) are gapping lower after their respective earnings reports. Below, let's take a look at the results and the negative reactions.

Arm Misses on Revenue

ARM is down 3.8% to trade at $166.76 at last glance, after the company missed fiscal third-quarter revenue estimates and trimmed its full-year forecast. Nevertheless, nine analysts raised their price targets, including Rosenblatt Securities to $225 from $180. Shares still boast a 125% year-over-year lead, with support at their 20-day moving average poised to contain today's losses.

Drilling down to today's options activity, 45,000 calls and 36,000 puts have crossed the tape, which is five times the volume typically seen at this point. New positions are now being opened at the most popular contract, which is the weekly 2/7 170-strike call.

QCOM Brushes Off Bull Note

Qualcomm announced better-than-expected earnings and revenue for the fiscal first quarter, but unveiled a disappointing growth outlook for its patent licensing business. The stock was last seen down 5.1% to trade at $166.92, brushing off Deutsche Bank's price-target hike to $175 from $170. Today testing a floor at the $167 level, QCOM still added 20.5% in the last 12 months.

Overall options volume is today running at seven times the intraday average volume, with 32,000 calls and 25,000 puts exchanged. Most active is the weekly 2/7 170-strike call, where new positions are being opened.

SWKS Eyes Worst Day Ever

Underperforming its peers, SWKS is down a whopping 26.2% to trade at $64.26 at last glance, well on its way to its worst single-day percentage loss on record. While the firm beat profit estimates for the fiscal first quarter, its fiscal second-quarter forecast missed the mark. In the last 12 months, the stock shed more than 38%.

In response, Mizuho and Stifel downgraded the stock to "neutral" and "hold" from "buy" and "outperform," respectively, with Rosenblatt Securities mirroring the former. Shares also attracted at least eight price-target cuts, with both Susquehanna and  J.P. Morgan Securities lowering their objectives to $70 from $100. Brokerages are already leaned bearish prior to today, with 20 of 25 in coverage sporting a "hold" or worse rating.

Video game stock Roblox Corp (NYSE:RBLX) is up 1.3% at $74.75 at last glance, trading at three-year highs ahead and extending its 85.4% year-over-year gain ahead of earnings. The company will announce its fourth-quarter results before the open on Thursday, Feb. 6, and Wedbush last night raised its price target to $83 from $67.50 ahead of the event. 

Options traders are chiming in beforehand as well. So far, 62,000 calls and 38,000 puts have been exchanged, which is 3 times the average daily options volume already. The weekly 2/7 83-strike call is the most popular, with new positions opening there. 

Calls have been more popular than usual leading up to today, too. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) , RBLX's 50-day call/put volume ratio of 3.41 ranks higher than 98% of readings from the past year. 

The equity's post-earnings history leans positive, with five of the last eight next-day moves ending in gains. This time around, the options pits are pricing in a large 18.6% swing, regardless of direction, compared to the 15.8% move the stock has averaged over the last two years. 

Meta Platforms (META) has been gaining a lot of attention since CEO Mark Zuckerberg attended President Donald Trump's inauguration, but it is not the only social media stock worth monitoring. Below, let's take a closer look at Reddit Inc (NYSE:RDDT), Pinterest Inc (NYSE:PINS), and Snap Inc (NYSE:SNAP).

SNAP Eyes Worst Day Since August

Snap shared better-than-expected fourth-quarter earnings and revenue after yesterday's close, but its fiscal first-quarter forecast disappointed. Shares are down 7.7% to trade at $10.74 at last check, looking to mark their fourth loss in the last five sessions and their worst single-day percentage loss since August. A floor at $10.50 could cut losses short, but SNAP still shed 38.1% in the past year. 

Overall options volume for the equity is running at triple the intraday average amount today. The most popular contract is the weekly 2/7 10-strike put, where positions are being opened.

PINS Dips Before Earnings

Pinterest is up next, with fourth-quarter results due out after tomorrow's close. The stock is down 1.1% to trade at $33.01 at last check, and despite its 14.2% year-to-date lead, it is down 19.3% over the last 12 months. Plus, resistance at $35 has been rejecting the shares since October.

PINS has a dismal history of post-earnings reactions, finishing six of its last eight next-day sessions lower. This includes losses of more than 14% after two of its most recent reports. This time the options pits are pricing in a 19.1% swing, regardless of direction, which is larger than the 12.8% move the stock has averaged over the last two years. 

RDDT Fresh Off Record Highs

Reddit's own fourth-quarter report isn't slated for release until after the market closes on Wednesday, Feb 12. The security was last seen up 0.3% to trade at $215.76, and is on track for a fourth-straight gain after yesterday notching a record high of $218.25. RDDT also boasts a whopping 319.8% nine-month lead. 

Reddit stock is a short squeeze candidate. Short interest rose 14.6% in the last two reporting periods, and the 18.55 million shares sold short now make up 19.9% of its available float.

Advanced Micro Devices Inc (NASDAQ:AMD) is the talk of Wall Street today, last seen down 9.4% to trade at $108.23. The chipmaker is getting bashed after a lackluster fourth-quarter report that saw a top-line beat overshadowed by its data center arm reporting less-than-stellar revenue estimates. 

AMD earlier traded at a two-year low of $106.50, and is on track for its worst single-session decline since its Oct. 30 post-earnings bear gap. The shares have carved a channel of lower lows since October, and are now down 35.3% in the last 12 months. The days of trading up at $227.30 on March 8 of last year are long gone. 

With the chip stock stuck in a serious slide, a rush of bear notes today are exacerbating matters. No fewer than 17 brokerages trimmed their price targets, the worst coming from Wells Fargo to $140 from $165. Citigroup came in the hottest though, downgrading the security to "neutral" from "buy."

More revisions could weigh on the equity going forward. Of the 39 brokerages covering AMD, 29 maintain "buy" or better ratings, with zero "sells" on the books, while its 12-month consensus price target of $154.54 is a 43% premium to the stock's current perch.

Options traders are feasting today. At last check, over 1.07 million contracts have exchanged hands, volume that's triple the average intraday amount. Calls are winning out on an absolute basis, with the weekly 2/7 110-strike call the most popular. 

Pharmaceutical concern Novo Nordisk A/S (NYSE:NVO) is up 4.9% at $86.63 at last glance. The company posted strong fourth-quarter results and better-than-expected full-year revenue for 2024, as weight-loss drugs Wegovy and Ozempic reeled in billions, though sales are expected to slow this year amid supply shortages. CEO Lars Fruergaard Jorgensen also spoke to journalists after the report, saying the Danish drugmaker is well-positioned to deal with potential tariffs by the U.S. 

On the charts, today's pop has NVO on track to snap a three-day losing streak. The stock still hasn't recovered from its mid-December bear gap, after which it hit a Jan. 17, 52-week low of $78.17 amid pressure at the $89 level. Year-over-year, the shares are down 26.2%. 

Options traders are chiming in on the event, with 45,000 calls and 18,000 puts exchanged so far -- three times the overall options volume typically seen at this point. The weekly 2/7 93-strike call is the most popular, with new positions being bought to open there. 

Analysts have yet to respond, but the majority are already bullish despite the stock's price action. Of the 15 in coverage, 11 carry a "strong buy," three a "hold," and one a "sell." 

Alphabet Inc (NASDAQ:GOOGL) stock is dragging Wall Street after the Big Tech giant reported a fourth-quarter revenue miss as its Google Cloud segment lagged. The company also revealed plans to invest $75 billion in capital expenditures this year to grow its artificial intelligence (AI) offerings, despite Chinese startup DeepSeek claiming it built an AI model at a substantially lower cost. 

GOOGL is down 8.3% to trade at $189.36 at last check, pacing for its biggest single-day percentage loss since October 2023 as it pulls back from yesterday's all-time high of $207.05. The equity is testing a floor at the $188 level that has been in place since late December, with added support at its 60-day moving average set to contain additional losses.

No fewer than 11 analysts have cut their price targets, the lowest from Wells Fargo to $184 from $190. Options traders lean overwhelmingly bullish, however, with GOOGL's 50-day call/put ratio of 3.60 back at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) standing higher than 97% of annual readings.

Drilling down to today's options activity, 287,000 calls and 152,000 puts have crossed the tape, which is five times the volume typically seen at this point. The most active contract is the weekly 2/7 195-strike call, where new positions are currently being bought to open.

Walt Disney Co. (NYSE:DIS) stock is trading at $113.79 at last check, after the company’s fiscal first-quarter earnings and revenue beat expectations, but was overshadowed by concerns over its streaming business. Disney reported adjusted earnings of $1.76 per share on revenue of $24.69 billion in the quarter just ended, but saw a 1% drop in Disney+ subscribers and warned of a “modest decline” subscribers for the second quarter.

The equity's options pits are exploding after the event. Walt Disney stock has already seen more than 57,000 calls and 19,000 puts exchange hands -- 6 times the average intraday volume. New positions are opening at the most popular contract, the weekly 2/7 120-strike call.

Heading into today, DIS was already struggling year-to-date and now sits just above breakeven for 2025. Long-term, shares remain up approximately 14% year-over-year, with support from the 20-day moving average helping to limit today's decline.

It's worth noting the Walt Disney stock has a history of exceeding volatility expectations, as evidenced by its Schaeffer's Volatility Scorecard (SVS) rating of 93 out of 100. In simpler terms, now may be a good time to weigh in on DIS' next move with options.