Dell's $95B AI Backlog 🖥️

Dell Technologies $DELL ( ▼ 6.8% ) posted powerful financial earnings results on Tuesday thanks to its artificial intelligence server business, sending shares up 8.01% in after-hours trading.

Financials: Dell reported earnings of $7.04 per share in the past quarter and revenue of $47 billion. Both were better than expected.

Powering the Story: The company’s AI server business booked a record $60.9 billion in orders, and recognized a record $16.4 billion in revenue, which is up 100% year-over-year. It ended the quarter with a record $95 billion backlog.

Outlook: Dell also raised its full-year outlook, including in the AI server business. It now projects a 200% increase in AI server revenue for the year.

Early Bird’s Nest Egg Gains: Dell’s AI server business is operating in an unusually favorable market because customers are spending aggressively on accelerated computing while supply, integration capability, and deployment capacity remain constrained.

Final Thoughts: The stock was already up 232% in 2026.

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Notables

Notable Earnings Today: Broadcom (Nasdaq: AVGO), Hewlett Packard Enterprise (NYSE: HPE), Sprinklr (NYSE: CXM), C3.ai (NYSE: AI), Snowflake (NYSE: SNOW), Petco Health and Wellness (Nasdaq: WOOF), NetApp (Nasdaq: NTAP), Five Below (Nasdaq: FIVE), Brown-Forman (NYSE: BF.B), G-III Apparel (Nasdaq: GIII), Ollie’s Bargain Outlet (Nasdaq: OLLI), Argan (NYSE: AGX), PVH (NYSE: PVH), Phreesia (NYSE: PHR), ChargePoint Holdings (NYSE: CHPT), Daktronics (Nasdaq: DAKT), Fuelcell Energy (Nasdaq: FCEL), Gold.com (NYSE: GOLD), Netskope (Nasdaq: NTSK).

Notable IPOs Today: N/A.

Notable Equity Crowdfunding Campaigns Ending Today: Aerial Resupply Coffee (Wefunder), Distinctive Assets Media Network (Honeycomb Credit), Mous (Crowdcube).

Notable Economic Events Today: ADP Nonfarm Employment Change (8:15 a.m. ET), Factory Orders (10:00 a.m. ET), Crude Oil Inventories (10:30 a.m. ET), Federal Reserve Beige Book (2:00 p.m. ET).

MongoDB Falls After Earnings

Photo by Rubaitul Azad on Unsplash

MongoDB $MDB ( ▼ 4.23% ) plunged 13.94% in after-hours trading on Tuesday even though the software company posted good financial earnings results.

Financials: MongoDB reported earnings of $1.90 per share in the past quarter and revenue of $771.8 million. Both were better than expected.

Powering the Story: The stock had already run up sharply in recent months. There were also concerns about AI costs.

Final Thoughts: The stock was up over 20% in August.

Palo Alto Networks Buys AI Platform

Cybersecurity company Palo Alto Networks $PANW ( ▼ 5.24% ) posted good financial results on Tuesday, but the stock fell 1.90% in after-hours trading.

Financials: Palo Alto Networks reported earnings of $1.02 per share in the past quarter and revenue of $3.41 billion. Both were better than expected.

Details: The company also announced on Tuesday that it had acquired Console, an AI-native platform that enables agentic capabilities.

Final Thoughts: The stock was up over 100% this year.

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