After-Hours Movers: DELL, PANW, GTLB, CRDO, MDB, HPE, SMCI
Dell Technologies (DELL) shares rose 10% after reporting Q2 adjusted EPS of $7.04 and $47B revenue, with FY2027 guidance of $192B revenue and $25.50 EPS. PANW, GTLB, HPE, and SMCI also moved in sympathy or on their own earnings. CRDO fell 6% despite a beat, and MDB dropped 13% post-earnings.
How this was made
The 30-second read
Why it matters
Earnings beats with aggressive guidance drive upside, while valuation concerns trigger sell‑offs.
Market read
Earnings season highlights AI‑related growth, but market reacts unevenly across peers.
What to watch
Supply‑chain constraints for AI servers could limit revenue upside despite guidance.
Background
Multiple technology companies reported earnings and guidance, causing divergent stock moves.
Ticker impact
Dell posted Q2 EPS $7.04 vs $4.87 estimate and raised FY2027 revenue guidance to $192B, sending its shares up 10% after hours.
Potential continued rally in after‑hours and next trading day.
Guidance far exceeds consensus, and the move is sizable.
Palo Alto Networks delivered Q4 EPS $1.02 and revenue $3.41B, beating estimates and raised FY2027 revenue to $14.1‑$14.2B, lifting the stock 3%.
Likely modest gain in near‑term trading.
Guidance is in line with expectations but still an improvement.
GitLab reported Q2 EPS $0.24 vs $0.18 estimate and revenue $286.3M, raising FY guidance to $1.13B revenue and EPS $0.85‑$0.87, sending shares up 14%.
Continued upward pressure in after‑hours trading.
Large percentage move with clear guidance lift.
Credo Technology posted Q1 EPS $1.20 on $479M revenue, beating expectations, and gave Q2 revenue guidance $525‑$535M, but shares fell 6% on profit‑taking.
Potential further decline if selling pressure persists.
Guidance is solid but market reaction is negative.
MongoDB posted Q2 EPS $1.90 on $771.8M revenue, raised FY sales to $2.99‑$3.03B, yet shares dropped 13% in a sell‑the‑news move.
Likely continued pressure unless valuation narrative shifts.
Sell‑the‑news reaction dominates despite beat.
Market effects
Broad AI‑focused data‑center hardware and cloud software stocks see heightened volatility.
U.S. tech sector likely drags broader indices lower after mixed reactions.
AI‑related earnings influence global tech sentiment and supply‑chain expectations.
Counterpoint
The sell‑the‑news on MongoDB and profit‑taking in Credo may present short‑term entry points if fundamentals remain strong.
Key entities
- companyDell Technologies
AI server leader reporting strong Q2 results.
- companyPalo Alto Networks
Cybersecurity firm delivering solid Q4 earnings.
- companyGitLab
DevOps platform with strong Q2 performance.
- companyCredo Technology Group Holding
Connectivity hardware maker with Q1 beat.
- companyMongoDB
Cloud database provider experiencing sell‑the‑news.
