Dell Technologies (DELL) and Hewlett Packard Enterprise (HPE) stock prices gained 6% and 5% respectively in after-hours trading on Tuesday, following a strong preliminary Q4 fiscal 2026 update from AI server competitor Super Micro (SMCI). SMCI announced it secured over $60 billion in new orders during the fourth quarter, driving its total backlog to record levels. The surge reflects sustained demand in the AI server market, where Dell Technologies and Hewlett Packard Enterprise compete directly with Super Micro for enterprise, storage, and 5G/Edge IT solutions.
SMCI Secures $60 Billion in Q4 Orders and Raises Margin Guidance
Super Micro reported that its total backlog reached record heights at the conclusion of fiscal 2026. According to a company release, SMCI secured upwards of $60 billion in new orders throughout the fourth quarter, which are anticipated to be fulfilled over upcoming quarters. This influx underscores sustained demand for Super Micro's AI, enterprise, storage, and 5G/Edge IT solutions.
SMCI raised its fourth-quarter gross margin expectations to 15%-17%, significantly above its previous guidance of 8.2%-8.4%. SMCI stock rallied over 25% in after-hours trading on Tuesday.
Analysts Forecast DELL and HPE Revenue Growth
Analysts polled by Fiscal.ai expect Dell to report revenue of $44.39 billion in the quarter ending July 2026, a near 50% jump year-on-year, while earnings are expected to come in at $4.9 per share, much higher than the $2.32 per share recorded in the same quarter last year.
For HPE, revenue is expected to surge about 30% year-over-year to $11.9 billion, with earnings of $0.92 per share.
Ahead of its August 11 earnings report, analysts expect Super Micro to post $0.70 in quarterly earnings, up nearly 71% year over year, with revenue more than doubling to $11.73 billion. Of the 19 analysts tracked by Koyfin, 11 rate the stock 'Hold,' while the average price target of $37.38 suggests nearly 57% upside.
Retail Investors Express Bullish Sentiment on Stocktwits
Retail sentiment on Stocktwits was 'bullish' with 'high' message volumes for both DELL and HPE stocks. One user highlighted SMCI's strong update as a barometer for industry-wide demand, helping Dell and HP.
DELL stock has surged over 215% year-to-date and HPE has jumped 93% during the same period.
FAQ
What caused DELL and HPE stocks to gain after-hours on Tuesday?
DELL and HPE stocks gained 6% and 5% respectively in after-hours trading on Tuesday following Super Micro's announcement of over $60 billion in new Q4 fiscal 2026 orders and raised gross margin guidance of 15%-17%, significantly above previous expectations of 8.2%-8.4%.
What are analysts expecting for DELL's upcoming quarterly earnings?
Analysts polled by Fiscal.ai expect Dell to report revenue of $44.39 billion in the quarter ending July 2026, a near 50% increase year-on-year, with earnings of $4.9 per share compared to $2.32 per share in the same quarter last year.
How has DELL stock performed year-to-date?
DELL stock has surged over 215% year-to-date, while HPE has jumped 93% during the same period.
