Gorilla Technology Group (NASDAQ: GRRR) climbed 14% to $15.97 Wednesday afternoon, clawing back the 11% decline the stock suffered Tuesday following its H1 2026 earnings filing.
The rebound is specific to Gorilla, with the Global X Data Center and Digital Infrastructure ETF (NASDAQ: DTCR) down 0.6% to $28.39, confirming no broader data center rally is driving the move.
Evolv Technologies (NASDAQ: EVLV) stock slipped 1% to $5.23 Wednesday, easing after its own recent earnings print and adding to the picture of a Gorilla-only bid.
No fresh company news crossed the wire from Gorilla on Wednesday, making this a pure repricing of sentiment on the same disclosure that triggered Tuesday’s selloff.
Gorilla’s 6-K filing, submitted August 24, reported H1 2026 revenue of $78.36 million, up sharply from $39.33 million in the same period a year earlier.
Q2 revenue alone reached $50.1 million, representing 138% year-over-year growth, and management lifted its full-year 2026 revenue floor to at least $200 million.
The company also set a 2027 revenue target of $450 million to $500 million, sitting 16% to 29% above Wall Street consensus of $386.7 million.
Gorilla CEO Jay Chandan called the quarter “the clearest evidence yet that Gorilla has entered a different phase of scale,” and Wednesday’s bid suggests part of the market is now willing to take that guidance at face value.
Despite the rally, the fundamental concerns that drove Tuesday’s drop remain entirely intact and unchanged heading into Wednesday’s close.
The company’s adjusted loss per share was $0.58 for the first half of 2026, compared to a $0.32 profit in the same period a year earlier, with adjusted EBITDA swinging to a loss of $14.6 million from positive $6.2 million.
Stock-based compensation of roughly $25 million was the largest non-cash contributor to that loss, adding pressure on top of committed capital expenditure of $228 million.
Gorilla’s planned Indonesia and Batam facility, targeting roughly 200 megawatts with first services expected mid-2027, means the company’s ambitious revenue targets depend on construction finishing on schedule across three countries.
CFO Bruce Bower stated that guidance includes only contracted revenue, describing the forecast as containing “existing contracts or contracts that we’ve won and not yet announced.”
CEO Chandan added that finalizing additional NeutraDC deployments would prompt an upward revision, saying “once that is done, we will absolutely revise the targets for next year.”
Peers are not confirming the move, with neither Palantir Technologies (NASDAQ: PLTR) nor BigBear.ai (NYSE: BBAI), two AI infrastructure names frequently compared to Gorilla, participating in Wednesday’s rally.
Gorilla was already up 29% year to date through Tuesday’s close, meaning Wednesday’s snapback lands on a stock that had strong positive momentum before earnings entered the picture.
A stock capable of double-digit percentage swings in both directions within two sessions on no new information raises real questions about its float composition and shareholder base.
The disciplined approach into a spike this volatile is to trim exposure and preserve dry powder, keeping position sizes well below full to survive another potential round trip on the next NeutraDC update or from the dilution overhang tied to the post-period $125 million convertible notes.
Investors should watch whether the bid holds into Wednesday’s close and whether volume confirms the move, while monitoring DTCR and peer names for any broader AI infrastructure signal later this week.
