StocksMedium•3 November 2026•
1 min read
Adeia Shares Plunge 23% Pre-Market on FY26 Guidance Cut and Earnings Miss
Key Facts
1Adeia shares plunged 23% in pre-market trading after missing Q3 estimates and cutting its FY26 guidance.
2Apple and Bioventus shares joined the list of stocks moving lower ahead of Tuesday's US market open.
Adeia shares plunged 23% in pre-market trading after reporting disappointing third-quarter results for fiscal year 2026. Benzinga reported that the company missed Q3 estimates and cut its full-year 2026 guidance, triggering a sharp sell-off ahead of Tuesday's US market open. Shares of Apple and Bioventus also moved lower during the pre-market session.
Adeia closed at $20.67 on November 2, 2026, prior to the pre-market drop, while Apple closed at $338.32 on the same date. In the broader technology sector, peer companies saw varied closing levels on November 2, 2026, with Microsoft closing at $507.12 and Meta at $606.73, as market sentiment remains sensitive to earnings-driven volatility.