2026 Q2 Earnings Season: Dell's Q2 revenue hit a record high, and demand for AI servers surged; Credo hit a profit margin speed bump; revenue doubled but stock price plummeted.
Dell's Q2 revenue was $47 billion, a 58% year-over-year increase, exceeding market expectations of $44.8 billion; Non-GAAP earnings per share were $7.04, up 203% year-over-year, far exceeding market expectations of $4.90. Full-year revenue guidance has been significantly raised from approximately $167 billion to $192 billion, significantly exceeding market expectations of $173.8 billion. Non-GAAP earnings per share are expected to reach $25.50 for the full year, also far exceeding the market expectation of $19.10.