Dell reports Q2 revenue up 19% YoY to $29.78B, vs. $29.17B est., and forecasts Q3 EPS of $2.45, below $2.55 est.; DELL drops 5%+
Despite beating on its top and bottom lines, shares of Dell Technologies fell more than 5% Thursday in extended trading after giving third-quarter earnings per share guidance …
CNBCKif Leswing
Context & Ripple Effects
Dell’s recent coverage shows a recovery from the 2023 client-solutions contraction, followed by improving top-line results and a surge in servers and networking revenue in its prior Q2. The current report extends that revenue momentum but shifts investor attention to the outlook for earnings.
That focus is notable because Dell had already flagged pressure on adjusted gross margin in 2024. A revenue beat paired with softer-than-expected forward EPS keeps the question centered on how efficiently growth converts into profit.
First-order effects
Dell’s Q3 EPS outlook falls short of the cited consensus expectation, resetting the near-term earnings benchmark despite stronger-than-expected Q2 revenue.
The after-hours share decline shows that the guidance—not the reported revenue beat—is the immediate market-moving signal for DELL holders.
Second-order effects
Investors and analysts are likely to scrutinize Dell’s next results more closely for the drivers of the gap between revenue growth and per-share earnings, including margins and costs.
The result raises the bar for hardware peers: strong sales growth alone may not sustain market support when forward profitability trails expectations.
Third-order effects
If repeated, this pattern would reinforce a hardware-market valuation regime in which the quality of growth—its margin and earnings conversion—matters more than headline revenue expansion.
Dell’s sequence from earlier margin pressure to a guidance-led selloff suggests that durable investor confidence will depend on demonstrating that growth can translate into predictable profit.
The trend: Enterprise hardware is increasingly being judged on forward earnings conversion rather than revenue growth alone.
Dell $DELL raised its full-year AI server shipments guidance to $20B from its prior view of $15B+, noting that shipments in the first half of the year reached $10B. Q2 saw record AI server shipments of $8.2B, up 4.5x versus Q1's $1.8B. $NVDA $CRWV $SMCI
@sarbjeetjohal
Sarbjeet Johal on x
...My POV: AI datacenter is still hot as datacenter build continues. AI PC is overhyped and it's not delivering results for any of the vendors. I also believe that to improve margins Dell must build software side of the business gradually and in parallel partner even more deepl…
@wallstengine
@wallstengine on x
$DELL Technologies Q2 FY26 Earnings Highlights 🔹 Revenue: $29.8B (Est. $29.2B) 🟢; UP +19% YoY 🔹 EPS: $2.32 (Est. $2.29) 🟢; UP +19% YoY Q3 Guidance: 🔹 EPS: $2.45 (Est. $2.55) 🔴; UP +11% YoY 🔹 Revenue: $26.5-$27.5B (Est. $26.3B) 🟢; UP +11% YoY at midpoint 🔹 GAAP EPS:
@danielnewmanuv
Daniel Newman on x
$DELL raised its AI Server number from $15 Billion to $20 Billion. Just another positive $NVDA breadcrumb...
@scobleizer
Robert Scoble on x
AI bubble still strong.
@delltech
@delltech on x
Q2FY26: Another robust quarter as we deliver breakthrough AI innovation and strong financial performance, with $29.8B in revenue and $1.8B in operating income. Catch the earnings call replay & see the Q2 report📝: https://del.ly/... [video]
@benbajarin
Ben Bajarin on x
I'm not saying this is all you need to know about $Dell outlook, but it is a lot of what you need to know. Blackwell is only now ramping up what will undoubtedly be ROBUST demand. Racks be rackin.. [image]
@earnings_time
@earnings_time on x
Autodesk, $ADSK, Q2-26 Results: 📊 Adj. EPS: $2.62 🟢 💰 Revenue: $1.76B 🟢 📈 Net Income: $313M 🔎 Strength in AECO and a surge in upfront revenue helped drive outperformance this quarter, prompting a raise in full-year guidance. [image]
@fiscal_ai
@fiscal_ai on x
Autodesk Q2 Results AEC +23% AutoCad +13% Manufacturing +13% Media +4% Other +3% $ADSK +10.2% after hours [image]
@autodesk
@autodesk on x
Today, we announced our second quarter fiscal 2026 results. Read more here: https://investors.autodesk.com/ .... [image]
@alphasenseinc
@alphasenseinc on x
$ADSK Earnings: - Revenue: $1.76 billion - Non-GAAP EPS: $2.62 “For more than a decade, Autodesk has been at the forefront of innovation — in BIM, SaaS, generative design, and now in generative AI. We have been building industry-specific foundation models and products capable [im…