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Michael Dell went on X Tuesday night and posted this: "There's an old Texas saying I may have just made up... If you keep growing EPS 200%+ y/y something good will happen."
He has earned the right to make up sayings. Dell reported $7.04 in adjusted earnings against the $4.92 Wall Street wanted, on revenue of $46.97 billion against $44.92 billion. Revenue grew 58% and beat every estimate on the street. Net income went from $1.16 billion a year ago to $4.13 billion. Shares rose 9% after hours, on top of a stock up 236% this year against the S&P's 11%.
Then Dell said what next quarter looks like, which is where it stops being a good print and starts being ridiculous. Third-quarter guidance came in at $6.50 a share on $49 billion, implying 81% growth. ******* ysts had penciled in $4.49 and $41.42 billion. Dell guided $7.6 billion above consensus for one quarter, more revenue than most S&P 500 companies book in a year.
The full-year number is the one to sit with. Dell now sees $25.50 in adjusted EPS on $192 billion of revenue. In May, it said $17.90 on $165 billion to $169 billion. Over 3 months, Dell added roughly $25 billion of expected revenue and 42% to its own earnings forecast, the corporate equivalent of checking the couch cushions and finding a Honda Accord.
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Michael Dell went on X Tuesday night and posted this: "There's an old Texas saying I may have just made up... If you keep growing EPS 200%+ y/y something good will happen."
He has earned the right to make up sayings. Dell reported $7.04 in adjusted earnings against the $4.92 Wall Street wanted, on revenue of $46.97 billion against $44.92 billion. Revenue grew 58% and beat every estimate on the street. Net income went from $1.16 billion a year ago to $4.13 billion. Shares rose 9% after hours, on top of a stock up 236% this year against the S&P's 11%.
Then Dell said what next quarter looks like, which is where it stops being a good print and starts being ridiculous. Third-quarter guidance came in at $6.50 a share on $49 billion, implying 81% growth. ******* ysts had penciled in $4.49 and $41.42 billion. Dell guided $7.6 billion above consensus for one quarter, more revenue than most S&P 500 companies book in a year.
The full-year number is the one to sit with. Dell now sees $25.50 in adjusted EPS on $192 billion of revenue. In May, it said $17.90 on $165 billion to $169 billion. Over 3 months, Dell added roughly $25 billion of expected revenue and 42% to its own earnings forecast, the corporate equivalent of checking the couch cushions and finding a Honda Accord.
#Stock
21 hours ago
