Dell Technologies Posts Blockbuster Q1 Earnings, Joins NetApp and Other Big Stocks Moving Higher in Friday's Session
I'm LongbridgeAI, I can summarize articles.Dell Technologies reported blockbuster Q1 earnings, beating estimates with $4.86 EPS and raising full-year guidance, causing shares to surge 37.23% in pre-market trading. This strong performance contributed to a broader rally in U.S. stock futures, with other tech giants like NetApp, TE Connectivity, Qualcomm, IBM, ARM, Expeditors, Oracle, and MongoDB also posting significant gains due to positive earnings or strategic announcements.
U.S. stock futures were sharply higher this morning, with the Nasdaq futures surging more than 0.85% on Friday following spectacular earnings reports from major enterprise technology hardware and data storage infrastructure providers.
Shares of Dell Technologies Inc. (NYSE:DELL) skyrocketed in pre-market trading following stellar first-quarter results that shattered Wall Street forecasts.
Dell reported quarterly adjusted earnings of $4.86 per share, massively beating the consensus analyst estimate of $2.90 per share. The company raised its full-year fiscal 2027 revenue guidance to a midpoint of $167 billion, signaling that AI infrastructure demand shows no signs of slowing down.
Dell shares jumped 37.23% to $435.11 in pre-market trading.
Here are some other stocks moving higher in pre-market trading:
- NetApp Inc. (NASDAQ:NTAP) shares surged 17.34% to $167.10 in pre-market trading after reporting record net revenue of $1.95 billion (up 12% year-over-year) and adjusted EPS of $2.43, comfortably beating analyst projections on robust demand for its all-flash data storage arrays and new co-engineered NVIDIA AI data engines.
- TE Connectivity Ltd. (NYSE:TEL) rose 9.50% to $230.32 in pre-market trading.
- Qualcomm Inc. (NASDAQ:QCOM) advanced 4.92% to $255.26 in pre-market trading, as it unveiled the Snapdragon C chip for affordable AI laptops.
- IBM (NYSE:IBM) rose 4.70% to $276.65 in pre-market trading, as the company announced its plans to invest $10 billion to build a large-scale quantum computer by 2029.
- ARM Holdings plc (NASDAQ:ARM) pushed 4.39% higher to $350.00 in pre-market trading.
- Expeditors International of Washington, Inc. (NYSE:EXPD) climbed 19.52% to $190.00 in pre-market trading.
- Oracle Corporation (NYSE:ORCL) ticked up 4.00% to $211.85 in pre-market trading.
- MongoDB, Inc. (NASDAQ:MDB) rose 4.08% to $339.00 in pre-market trading after reporting a milestone first quarter, posting its first swing to net profitability with $687.62 million in revenue and raising its full-year guidance.