Two of the biggest names in enterprise tech just dropped earnings that make the AI spending boom look anything but tired. Dell Technologies posted fiscal Q2 2027 revenue of $46.97 billion, a 58% jump from the same period last year, while Palo Alto Networks delivered fiscal Q4 2026 revenue of $3.41 billion, up 34% year-over-year. Both cleared Wall Street’s bar by a comfortable margin.
Dell’s AI machine keeps accelerating
Dell reported adjusted earnings per share of $7.04, compared to consensus expectations of roughly $4.92. AI server revenue reached $16.4 billion in the quarter alone. Dell raised its full-year AI server revenue target to $74 billion, its overall FY2027 revenue guidance to approximately $192 billion, and its adjusted EPS target to $25.50. The company cited record AI backlog and orders as the driving force. Dell shares climbed around 9% in after-hours trading following the report.
Palo Alto Networks rides the AI security wave
Palo Alto Networks posted revenue of $3.41 billion, topping the consensus estimate of roughly $3.35 billion, and adjusted EPS of $1.02 edged past the $0.98 expectation. For the full fiscal year 2026, Palo Alto Networks generated $11.48 billion in total revenue. The company issued FY2027 guidance calling for revenue between $14.1 billion and $14.2 billion, with adjusted EPS projected at $4.16 to $4.19. The stock’s initial after-hours gains faded as investors zeroed in on margin concerns.
