5 Things to Watch on
February 11, 2026

Markets are pushing higher in premarket trading, up more than +0.4%, after January’s jobs report decisively beat expectations, with nonfarm payrolls rising 130K versus ~70K consensus and December revised up to 48K. The unemployment rate held steady at 4.3%, slightly better than anticipated. However, the underlying trend remains softer than the headline suggests. The BLS sharply revised down its 2025 employment estimate to +181K (from +584K), implying an average monthly gain of just +15K last year. January hiring was concentrated in health care, social assistance, and construction, while the federal government and financial sectors shed jobs, reinforcing the narrative of a narrow, defensive labor expansion beneath an otherwise upbeat headline.

Robinhood (HOOD) is down over -9% in premarket trading after a crypto-driven earnings miss tempered an otherwise strong quarter. Q4 revenue rose +27% to a record $1.3B, but crypto transaction revenue fell -38% YoY as trading activity on the core app dropped sharply, reflecting weaker retail participation. Strength in options, equities, and net interest income, alongside a surge in Gold subscribers, failed to offset concerns around crypto sensitivity and near-term momentum.

Vertiv (VRT) is up more than +19% in premarket trading after guiding FY results well above consensus and reporting organic order growth of over +80% in the past twelve months, signaling powerful demand momentum. While Q4 EPS of $1.14 and revenue of $2.9B (+22.6% YoY) narrowly missed estimates, management emphasized record backlog, accelerating orders, margin expansion, and strong cash generation. Leadership highlighted deep semiconductor partnerships and technology differentiation as key advantages, positioning VRT for another year of significant growth in 2026.

Cloudflare (NET) is up over +13% in premarket trading after posting a strong Q4. Revenue was up +34% YoY to $614.5M, driven by accelerating enterprise adoption and AI-related demand. Management highlighted record new ACV growth near +50% and major customer wins, including an $85M contract with a leading AI company, positioning NET as key infrastructure for the emerging “agentic Internet.” A confident 2026 outlook for +28% to +29% revenue growth reinforced momentum, with investors focused on sustained multi-vector growth despite some revenue-mix and margin variability.

Lyft (LYFT) is down more than -15% in premarket trading after a mixed Q4 report. Revenue missed expectations due to legal costs and softer ride volumes, overshadowing record free cash flow, higher EBITDA, and a new $1B** buyback **program. While management emphasized improving profitability and rider quality, the market focused on slowing U.S. ride growth, a softer Q1 EBITDA outlook, and widening performance gaps versus Uber (UBER), triggering a sharp selloff.