Dell Surges on Record 58% Revenue Jump While MongoDB Tumbles Despite Earnings Beat in Busy Premarket Session

A wave of after-hours earnings reports set the stage for sharp premarket moves on September 2, 2026, with Dell Technologies and Hewlett Packard Enterprise rising sharply while MongoDB fell despite beating estimates. Dell reported record quarterly revenue of $46.97 billion for the quarter ended July 2026, up 57.8% year over year, exceeding the Zacks consensus estimate of $45.34 billion by 3.6%. Non-GAAP diluted EPS came in at $7.04, compared with $2.32 in the year-ago period, a gain of more than 200%. Gross margin dollars grew 78% to $9.9 billion, and the company cited a record AI server backlog as a key driver.

Hewlett Packard Enterprise was also moving higher premarket ahead of its fiscal third-quarter report, due after the close on September 2. Analysts had penciled in revenue of up to $12.1 billion, representing roughly 32% growth from the prior year, and non-GAAP EPS in the range of 88 to 94 cents. HPE's strong AI infrastructure momentum from its fiscal second quarter, when it posted $10.7 billion in revenue and EPS of $0.79 against a consensus of $0.53, set a high bar for the new report.

MongoDB presented the session's sharpest paradox. The company beat both revenue and adjusted EPS estimates for its fiscal second quarter of 2027 and raised full-year guidance, yet the stock dropped roughly 13% in after-hours trading and continued sliding into the premarket session. The sell-off reflected investor concern that the raised outlook still fell short of the more optimistic scenarios priced into the stock. Other notable premarket movers included Sirius XM and Ollie's Bargain Outlet on the upside, and Sprinklr and Credo Technology among the decliners, rounding out an active morning for single-stock volatility.