Gorilla Surges 14% as Traders Reverse the Earnings Selloff, Evolv Eases
Gorilla Technology stock collapsed 11% on its earnings filing Tuesday, then did something traders did not expect on Wednesday. The question now is whether the buyers piling back in actually read the same filing that spooked them 24 hours ago.
Gorilla Technology Group (NASDAQ:GRRR) stock is up 14% to $15.97 Wednesday afternoon, reversing the 11% earnings-day drop the stock took Tuesday on its H1 2026 filing. The Global X Data Center & Digital Infrastructure ETF (NASDAQ:DTCR) shares are down 0.6% to $28.39, so today’s move is Gorilla-specific rather than a data-center-wide bid.
Evolv Technologies (NASDAQ:EVLV) stock is down 1% to $5.23, easing after its own recent print. Gorilla stock was up 29% year to date through Tuesday’s close, so today’s snapback lands on a stock that already had a positive trend behind it.
No fresh company news has crossed the wire from Gorilla today. For GRRR, this is day two of a two-day round trip, a repricing of sentiment on the same disclosure traders sold Tuesday.
A Round Trip on the Same Filing
Gorilla’s 6-K, filed August 24, showed H1 2026 revenue of $78.36 million, up from $39.33 million a year earlier, with Q2 revenue of $50.1 million, up 138% year over year. Management lifted the full-year 2026 revenue floor to at least $200 million and set a 2027 target of $450 million to $500 million.
That 2027 range sits 16% to 29% above Wall Street consensus of $386.7 million, per prior 24/7 Wall St. coverage. Gorilla CEO Jay Chandan called the quarter “the clearest evidence yet that Gorilla has entered a different phase of scale.” Wednesday’s bid on Gorilla stock suggests part of the market is finally willing to take that guide at face value.
Tuesday’s Bear Case Still Stands
Nothing in Gorilla’s fundamentals changed overnight. The company’s adjusted loss per share was $0.58 for the first half against a $0.32 profit a year earlier, and its adjusted EBITDA swung to a first-half loss of $14.6 million from positive $6.2 million.
Gorilla’s stock-based compensation of roughly $25 million was the largest non-cash contributor to that loss line. Its committed capex of $228 million and the Indonesia and Batam facility planned at roughly 200 megawatts, with first services expected mid-2027, mean the 2027 number depends on finishing construction on schedule across three countries.
CFO Bruce Bower said guidance for Gorilla includes only contracted revenue, describing the forecast as containing “existing contracts or contracts that we’ve won and not yet announced.” Chandan added that finalizing additional NeutraDC deployments would trigger a revision: “Once that is done, we will absolutely revise the targets for next year.”
Peers Aren’t Confirming the Move
The data center fund read confirms this is Gorilla-specific. DTCR ETF shares sit lower on the day, and Evolv stock is lower as well. Tuesday the pattern ran in reverse: Gorilla stock fell alone while the peers held up.
Palantir Technologies (NASDAQ:PLTR | PLTR Price Prediction) and BigBear.ai (NYSE:BBAI) are the AI infrastructure and defense AI reference names Gorilla is most often compared to, and neither Palantir stock nor BigBear.ai stock is doing the work for GRRR today. A stock that swings sharply down and back up in two sessions on no new information is telling you something about its float and its shareholder base, and that is worth saying plainly.
What to Watch Now
A stock capable of a double-digit percentage swing in either direction within two sessions on no fresh news is a sizing problem before it’s a direction problem. If your thesis is the 2027 guide and the Southeast Asia buildout, your position size has to survive another round trip like this without forcing you out on the next volatility spike.
Investors can watch for whether the bid on Gorilla stock holds into the close and whether volume confirms the move. Traders could look for signs that Palantir stock, BigBear.ai stock, or the Global X Data Center & Digital Infrastructure ETF pick up a bid later this week to validate the AI infrastructure read.
The disciplined play into a spike this violent is to trim exposure and keep dry powder. Sizing well below a full position keeps this trade alive if the tape whipsaws again on the next NeutraDC update or on the dilution overhang from the post-period $125 million convertible notes.
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David Moadel is financial writer specializing in stocks, ETFs, options, precious metals, and Bitcoin. David has written well over 1,000 articles for leading online publications, helping investors understand markets, income strategies, and risk.
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