Wall Street Breakfast Podcast: A Dell Of A Quarter

Dell Technologies (DELL) delivered a blowout Q2, with revenue up 58% and a $25B boost to full-year guidance, driven by AI-optimized server demand. MongoDB (MDB) posted strong double-digit growth and raised FY27 guidance, but shares fell 13% premarket due to a 12% rise in AI and infrastructure expenses. JetBlue (JBLU) launched BlueFirst, its first domestic first-class cabin, targeting premium and corporate travelers, yet shares remained under pressure. GitLab (GTLB) surged 22% after exceeding Q2 expectations and delivering record gross bookings and net ARR growth above 40%.

Dell Technologies (DELL) is up 9% in premarket action after releasing its second-quarter fiscal 2027 financial results post-market on Tuesday. The report featured significant year-over-year gains to revenue and earnings per share as well as a $25B increase to its full-year revenue guidance. For the quarter ended July 31, the IT and hardware company reported adjusted earnings per share of $7.04 versus the $4.92 consensus estimate. GAAP EPS was $6.34 compared to the $4.40 estimate. Revenue for the second quarter increased 58% year over year to $46.97B, which was much more than the $44.5B estimate. The $25B increase to its full-year revenue guidance is primarily driven by AI-optimized server revenue.

MongoDB’s (MDB) second-quarter results once again beat Wall Street’s expectations with double-digit growth in both the top- and bottom-line and upbeat guidance for both the third quarter and full year. However, MongoDB (MDB) is down 13% premarket. The 12% increase in operating expenses driven by AI and infrastructure costs overshadowed strong quarterly results and an upbeat outlook for the remainder of the year. MDB had a 31% increase in subscription revenue and a 29% increase in services revenue. For FY27, the company raised its outlook again and now expects to earn a profit between $6.39 and $6.58 per share from an earlier expectation of $5.95 and $6.14 per share with a new midpoint of $6.49 that beats the $6.13 estimate. Revenue is now expected to be within a range of $2.99B to $3.03B from $2.92B and $2.96B with a new midpoint of $3.01B that compares to the $2.96B estimate.

JetBlue (JBLU) is cashing in on the increased demand for premium and corporate travel with BlueFirst, the carrier’s first-class, premium experience for domestic flights. Available for booking this fall, BlueFirst builds on the carrier’s JetForward strategy with specially designed seats, advanced seatback technology, and premium amenities. Before BlueFirst, JetBlue’s (JBLU) highest-end product was Mint, a luxury business class option with lie-flat seats and private suites available on international and transcontinental flights. The news didn’t do anything to help JetBlue (JBLU) shares, the stock was in the red for a fifth consecutive day on Tuesday.

GitLab (GTLB) +22% - Shares jumped after the software development platform topped Q2 expectations and issued upbeat guidance, with record gross bookings a...