After-Hours Movers: DELL, PANW, GTLB, CRDO, MDB, HPE, SMCI
Dell Technologies (NYSE: DELL)
Dell Technologies shares jumped 10% after hours following a blowout Q2 beat and explosive forward guidance. The IT infrastructure titan posted adjusted EPS of $7.04 (crushing the $4.87 estimate) on revenue of $47 billion, driven by surging enterprise demand for AI-optimized servers. Dell also issued massive full-year fiscal 2027 revenue guidance of $192 billion (far above the $173.8 billion consensus) and EPS of $25.50, demonstrating accelerating backlog conversion for its liquid-cooled server racks.
- Hewlett Packard Enterprise (NYSE: HPE) gained 6% in sympathy with Dell, riding positive sector read-throughs as surging enterprise AI server demand reinforced strong forward momentum across data center hardware providers ahead of HPE's upcoming quarterly report.
- Super Micro Computer gained in sympathy with Dell, rising 2.4% as Dell's blowout quarterly figures and massive forward guidance provided positive sector read-throughs. The results reconfirmed surging enterprise and hyperscaler demand for liquid-cooled AI server racks, boosting investor confidence across server and hardware infrastructure providers
Palo Alto Networks (NASDAQ: PANW)
Palo Alto Networks rose 3% after delivering a solid beat-and-raise fiscal Q4 report, posting EPS of $1.02 on revenue of $3.41 billion. Management's full-year fiscal 2027 revenue outlook of $14.1–$14.2 billion and EPS guidance of $4.16–$4.19 cleared Wall Street estimates, confirming that platformization deals and expanding Next-Generation Security (NGS) annual recurring revenue continue to gain market share.
GitLab Inc (NASDAQ: GTLB)
GitLab gained 14% following a strong fiscal Q2 performance, reporting adjusted EPS of $0.24 (beating the $0.18 estimate) on $286.3 million in revenue. The DevOps platform raised its full-year guidance across the board, now expecting revenue of $1.13 billion and adjusted EPS of $0.85–$0.87, buoyed by enterprise upgrades to its Ultimate tier and rapid adoption of Duo AI add-ons.
Credo Technology Group Holding (NASDAQ: CRDO)
Credo Technology fell 6% despite delivering a first-quarter beat ($1.20 EPS on $479 million in revenue) and issuing strong Q2 revenue guidance of $525–$535 million. Short-term profit-taking took hold following a massive run-up in connectivity and Active Electrical Cable (AEC) suppliers leading into the print.
MongoDB (NASDAQ: MDB)
MongoDB plummeted 13% after hours in a classic "sell-the-news" reaction despite posting a strong Q2 beat-and-raise. The cloud database provider reported adjusted EPS of $1.90 on revenue of $771.8 million and raised its full-year sales guidance to $2.99–$3.03 billion, but lofty valuation metrics and investor sensitivity around consumption-based growth rates triggered a post-earnings sell-off.