Morning movers: ServiceTitan drops 17% as guidance takes center stage

For the wider market backdrop, see today’s Morning Read. Here the story is individual businesses: a software earnings reset, a new space-power product and a long-duration fiber agreement.

September 9, 2026 — delayed pre-market snapshots. Pre-market means trading before the regular session; thinner order books can exaggerate moves. The table gives each underlying trade’s ET timestamp, not a promise of an available price. Percentage changes compare with the September 8 close; all share prices are in US dollars.

ServiceTitan: a good quarter can still disappoint

ServiceTitan ($TTAN), which supplies software to home-service and commercial contractors, reported fiscal Q2 results on September 8. Revenue was $292.8 million, up about 21%, and adjusted earnings were $0.40 per share. Those figures exceeded the estimates cited by Zacks. Adjusted earnings exclude certain accounting expenses; they are not the same as profit under standard accounting rules.

The pressure is on expectations and the valuation multiple, not simply the completed quarter. Barron’s attributed the initial selloff to a next-quarter revenue outlook below Wall Street expectations. A growing business can still lose market value when investors had priced in a faster trajectory. That is relevant context for other contractor-software businesses, but not proof that their sales are weakening.

Levels to watch at 09:30 ET: the delayed pre-market range was $64.88–$68.66 at the 05:48 ET display cut. Those are observed range boundaries, not established support or resistance. The September 8 close of $81.58 shows the size of the gap still separating the stock from its pre-results valuation.

Rocket Lab: the catalyst is solar power, not a launch

Rocket Lab ($RKLB) announced the production release of IMM Apex on September 8. The company says this germanium-free space solar cell delivers 31.5% beginning-of-life conversion efficiency. That measure describes initial performance, not output throughout an entire mission. Removing a constrained material could improve supply reliability for satellite builders; the immediate investment question is how product adoption translates into revenue and margins.

Levels to watch at 09:30 ET: the delayed range was $67.52–$69.64 at the 05:47 ET display cut, against the September 8 close of $65.87. Holding above that close would preserve the gap, not validate a price forecast. For wheel sellers, future launch and execution risks remain separate from this solar-cell announcement.

Corning: fiber demand gets a longer horizon

Corning ($GLW) and Verizon’s supply agreement, reported on September 8, extends through 2032 and covers fiber infrastructure serving broadband and artificial-intelligence demand. The revenue mechanism is easier to understand than a broad AI slogan: communications traffic needs physical connections. A longer supply horizon can improve planning, although it does not turn the whole agreement into revenue today.

Levels to watch at 09:30 ET: the delayed range was $167.01–$170.46 at the 05:48 ET display cut, against the September 8 close of $165.96. A retreat inside that range would not cancel the commercial agreement; it would show a different willingness to pay for the same story.

Also on the radar

• $GME — GameStop’s results put collectibles and profitability in focus; the business figures matter more than a social-media narrative.
• $CHWY — Chewy reports before the September 9 open, with its earnings call scheduled for 08:00 ET; this is an upcoming event, not a completed results reaction.

What to watch today

• 08:00 ET — Chewy’s scheduled call: distinguish the released quarter from forward guidance.
• 09:30 ET — The regular session opens: compare the three gaps with their dated range boundaries, then reassess liquidity.