Why Is QXO INC (QXO) Stock Up Today?

QXO Inc shares surged 18.64% to $13.72 on Monday. The primary driver was the company’s announcement of preliminary third-quarter financial results, which showed revenue significantly exceeding market expectations.

What Happened

QXO reported third-quarter revenue of $4.90 billion, surpassing the consensus estimate of $4.83 billion. This figure represented a 79% year-over-year increase, while EBITDA rose 85%. The company posted a GAAP net loss of approximately $123 million, an improvement from the prior period. The strong top-line performance validated the company’s acquisition-driven strategy, which is beginning to show tangible results.

What The Data Shows

The stock opened at $12.07, a 4.4% gap up from the prior close of $11.56. Trading volume reached 15.1 million shares, which is 0.7 times the three-month daily average. The session high was $13.74 at 12:30 PM ET, while the low was $12.07 at 7:00 AM ET. Fundamentals indicate a market capitalization of $12.0 billion with a beta of 2.36. The company remains unprofitable with a trailing twelve-month EPS of -0.89, though revenue has grown 408.1% over the same period. The 52-week range stands between $10.04 and $27.61. Over the last eight sessions, the stock had already gained 6.4%. On November 9, 2026, the stock printed 29 fresh 52-week highs and 2 fresh 52-week lows. Congressional disclosures show Donald J. Trump bought $15,001 to $50,000 worth of shares on August 28, 2026, and sold $1,001 to $15,000 on August 10, 2026.

What To Watch

Wells Fargo maintains an Overweight rating on the stock with a price target of $15. Investors will monitor how the market digests the narrowed net loss and the continued expansion in revenue.