Dell Technologies posted $29.8 billion in revenue in Q2 fiscal 2026, a 19 percent increase year-over-year, with EPS up 38 percent to $1.70 and adjusted EPS $2.32. Servers and networks revenue rose 69 percent to $12.9 billion, driven by AI system demand, and Dell increased its AI server sales outlook. Elastic reported 20 percent revenue growth to $415 million, subscription revenue of $389 million, and operating profit of $65 million, raising its annual revenue forecast. SentinelOne’s revenue climbed 22 percent to $242.2 million, ARR reached $1 billion, guidance was raised, and EPS beat expectations. Stocks moved after-hours on outlooks and guidance.
Dell Technologies reported record revenue of $29.8 billion in the second quarter of fiscal 2026, up 19 percent from a year earlier. Earnings per share rose 38 percent to $1.70, while adjusted earnings were $2.32. Revenue from servers and networks grew 69 percent to $12.9 billion, driven by strong demand for AI systems. COO Jeff Clarke said Dell shipped more AI solutions in the first half of the year than it did in all of 2025
Elastic saw revenue rise 20 percent to $415 million in the first quarter of fiscal 2026. Subscription revenue grew to $389 million, with Elastic Cloud contributing $196 million (+24 percent). On a non-GAAP basis, operating profit was $65 million, representing a margin of 16 percent. CEO Ash Kulkarni spoke of an excellent quarter, pointing to strong demand for AI-driven applications. The company raised its annual revenue forecast to $1.679 billion to $1.689 billion. The share price rose by more than 5 percent after trading hours.
SentinelOne also benefited from the increasing cyber threat and demand for AI-driven security. Second-quarter revenue rose 22 percent to $242.2 million, in line with market expectations. Annual recurring revenue increased 24 percent to $1 billion. The company expects third-quarter revenue of $256 million, slightly above consensus, and raised its annual forecast to $998 million to $1.002 billion. Earnings per share came in at 4 cents, above expectations. The stock jumped about 9 percent in after-hours trading.
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