Watch Marvell, Dell, Elastic, and More
Watch Marvell Technology (MRVL) today, after shares fell by around 11% in after-hours trade. Investors did not like its second-quarter results.
Marvell posted a 69% increase Y/Y in the data center business. Revenue of $2.006 billion narrowly missed expectations. AI demand is fueling growth for Marvell’s custom silicon and electro-optics products. Despite AI design activity at an all-time high, MRVL’s stock drop creates a buying opportunity for traders.
Dell Technologies (DELL) will trade at even better valuations this morning. The company posted Q2 results that beat both EPS and revenue expectations. It also issued FY 2026 guidance higher than analysts expected. Revenue will be up to $109 billion, while non-GAAP EPS is up to $9.55.
Elastic (ESTC) traded nearly 18% higher last night after posting first-quarter results. Revenue grew by 20% Y/Y to $415.3 million. Q2 revenue of $415M - $417M higher than expected.
Nutanix (NTNX) might bounce back from Thursday’s 5% drop. In Q4, it earned $0.37 a share. Revenue of $653.3 million is up by 19.2% Y/Y.
Ambarella (AMBA) is today’s strong performer. Shares gained nearly 20% after posting revenue of $95.5 million (+49.9% Y/Y).
Autodesk (ADSK) gained over 10% after posting Q2 results. Revenue increased by 17% Y/Y to $1.76 billion. Q3 earnings and revenue will surpass consensus estimates. CEO Andrew Anagnost said that it built its business around industry-specific foundation models. Those solutions offer reasoning in 2D and 3D geometry.
