SHOP · PEAD ↑ 100

Shopify reported Q2 2026 EPS of $0.32 on 2026-08-05, beating the $0.28 consensus by $0.04 (+14.3%).

Print-day reaction was a forceful +17.0%, as the stock gapped open at $150.00 and settled at $144.24, still well above the prior close of $123.30. The overnight gap to the T+1 open was a marginal −0.4%, indicating no meaningful post-hours fade. Over the following two trading sessions the stock drifted an additional +5.2%, closing at $155.18 on 2026-08-10 with no give-back of the initial pop. Cumulative abnormal return of +25.6% versus SPY.US firmly establishes a PEAD long signal — drift confirmed and extended the initial reaction; the holding window runs through 2026-11-02.