Dell Technologies beats Q2FY27 estimates with $46.97 billion revenue
- Dell Technologies reported Q2FY27 revenue of $46.97 billion, up from $29.78 billion in the same period last year, beating the Street estimate of $44.95 billion
- Dell's adjusted non-GAAP diluted EPS of $7.04 per share exceeded the consensus estimate of $4.91; the company raised FY2027 guidance
- Palo Alto Networks beat fourth-quarter estimates and issued strong FY27 guidance, but shares fell 1.9% to $355.20 after hours; it also announced the acquisition of Console
- Broadcom is expected to report quarterly EPS of $3.24 on revenue of $29.36 billion after the closing bell
- Hewlett Packard Enterprise and Ollie's Bargain Outlet Holdings are also due to report results, with analyst estimates of $11.89 billion and $754.55 million in revenue respectively
*this image is generated using AI for illustrative purposes only.
Dell Technologies Inc. posted fiscal year 2027 second-quarter revenue of $46.97 billion, surpassing the Street estimate of $44.95 billion and up from $29.78 billion in the same period last year, sending its shares up 8% to $459.03 in after-hours trading.
Dell also raised its FY2027 guidance following the strong quarterly performance. The company reported an adjusted non-GAAP diluted EPS of $7.04 per share, well above the consensus estimate of $4.91 per share.
Stocks to watch on Wednesday
U.S. stock futures were trading mixed heading into Wednesday, with several major technology companies in focus ahead of earnings releases or following after-hours moves.
| Company | Event | Key Detail | After-Hours Move |
|---|---|---|---|
| Dell Technologies | Q2FY27 results (reported) | Revenue $46.97 billion; EPS $7.04 | +8% to $459.03 |
| Palo Alto Networks | Q4 results (reported) | Beat estimates; issued strong FY27 guidance | -1.9% to $355.20 |
| Broadcom | Results expected after close | Est. EPS $3.24; Est. revenue $29.36 billion | +0.4% to $371.28 |
| Ollie's Bargain Outlet Holdings | Results expected pre-open | Est. EPS $1.14; Est. revenue $754.55 million | +3% to $74.52 |
| Hewlett Packard Enterprise | Results expected after close | Est. EPS $0.93; Est. revenue $11.89 billion | +4% to $52.90 |
Company-wise highlights
Palo Alto Networks
Palo Alto Networks Inc. reported better-than-expected fourth-quarter financial results and issued strong FY27 guidance. The company also announced the acquisition of Console, described as an AI-native platform that enables agentic capabilities. Despite the positive results, Palo Alto shares slipped 1.9% to $355.20 in after-hours trading.
Broadcom
Analysts expect Broadcom Inc. to report quarterly earnings of $3.24 per share on revenue of $29.36 billion after the closing bell. Broadcom shares gained 0.4% to $371.28 in after-hours trading ahead of the release.
Ollie's Bargain Outlet Holdings
Wall Street expects Ollie's Bargain Outlet Holdings Inc. to post quarterly earnings of $1.14 per share on revenue of $754.55 million before the opening bell. Shares rose 3% to $74.52 in after-hours trading.
Hewlett Packard Enterprise
Analysts expect Hewlett Packard Enterprise Co. to post quarterly earnings of 93 cents per share on revenue of $11.89 billion after the closing bell. HPE shares gained 4% to $52.90 in after-hours trading.
How will Dell's significant earnings beat and raised guidance influence the broader enterprise hardware sector's outlook for FY2027?
What factors might explain Palo Alto Networks' stock decline despite beating estimates and issuing strong guidance, and does this signal a shift in investor sentiment toward cybersecurity valuations?
Given the strong performance of Dell and HPE, how might Broadcom's upcoming results impact the narrative around AI infrastructure spending and semiconductor demand?
17
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
