Dell’s Earning Report Higher Than Expected | Closing Bell

Summary

Bloomberg Closing Bell covers after-hours earnings reports from Dell, NetApp, MongoDB, American Eagle, and Autodesk. Stocks show mixed reactions despite beats, with Dell and NetApp rising on strong AI server outlook while MongoDB and American Eagle fall. The S&P 500 hits another record close driven by tech and retail strength.

• Dell raises fiscal 2027 AI server revenue forecast to $60 billion, shares rise 3.5% after hours.
• NetApp beats earnings and raises forecasts, stock surges initially 18% then settles at +9.5%.
• MongoDB beats Q1 estimates but shares fall 17-20% after hours; market disappointed by guidance.
• American Eagle beats Q1 estimates but shares drop 12.8% on reiteration of fiscal 2026 guidance.
• Autodesk reports beat and announces $3.6 billion acquisition of MaintainX, shares slightly higher.
• S&P 500 closes at new record of 7563, up 0.6%, with tech and retail contributing.