DDOG · PEAD ↓ 80

Datadog reported Q2 2026 EPS of $0.18 on 2026-08-06, beating the $0.13 consensus by $0.05 (+38.5%).

Print-day reaction was -19.0% versus the prior close, a sharp gap-down open that erased roughly $54 per share despite the earnings beat. The overnight gap to the T+1 open recovered +2.4%, suggesting some stabilisation but no sustained relief bid. Over the following two trading days the price drifted an additional +5.5%, a partial recovery that nonetheless left the cumulative move deeply negative. Cumulative abnormal return of -12.95% versus SPY.US firmly places this in PEAD short territory — the drift failed to reverse the initial collapse; per the documented pattern, the read holds through 2026-11-03.