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Dell soars after beating expectations for Q4 sales and EPS

Here’s how the numbers looked.

Dell topped Wall Street expectations for Q4 earnings per share and sales late Thursday, giving shares a fillip in the after-hours session, climbing over 8%.

The PC, data storage, and server maker reported:

Q4 non-GAAP diluted earnings per share of $3.89 vs. Wall Street expectations for $3.53.
Q4 sales of $33.38 billion vs. estimates for $31.70 billion.
Q1 non-GAAP EPS guidance of $2.90 at the midpoint vs. expectations of $2.34.
Q1 midpoint sales guidance of $35.2 billion vs. expectations for $28.98 billion.
Full-year sales guidance of $140.0 billion at the midpoint vs. expectations for $125.34 billion.

Last year, Dell’s ability to align its server and networking division with investor enthusiasm for all things AI helped the venerable PC brand claw out of a deep hole after the Liberation Day tariff panic hit shares — for a while.

Then starting last fall, shares stumbled again amid a surge in prices for key components Dell needs. Investors and analysts seem worried the parabolic run-up in memory chip prices, for example, may be tough for Dell to completely pass on to end consumers, thus crimping the company’s profit margins.

Luke Kawa

56m

CoreWeave tumbles on weaker-than-expected Q4 adjusted EBITDA

The neocloud just released quarterly results.

Cloud Based Artificial Intelligence Computing Company CoreWeave Has IPO On Nasdaq Exchange

Max Knoblauch1h

Warner Bros. board deems Paramount’s $31-per-share offer a superior deal, starting four-day countdown for Netflix response

The Warner Bros. Discovery board has determined that Paramount’s latest deal constitutes a superior proposal to the $83 billion agreement it has with Netflix.

The Netflix merger remains in effect, but the determination kicks off a four-business-day window for the streamer to amend its deal to match or beat Paramount’s.

Should Netflix decide to not raise its own offer to a degree the Warner Bros. board determines to be the “Company Superior Proposal,” Warner Bros. would be entitled to terminate that merger agreement.

Netflix is said to have ample cash to increase its own offer for Warner Bros., but it’s yet to be seen how high the company is willing to go. Netflix shares have increased since Paramount boosted its bid, signaling that its own investors aren’t exactly rooting for it to make the purchase.

Warner Bros.’ announcement boosted Paramount’s odds on prediction markets to end up in control of the company. As of 4:40 p.m. ET on Thursday, event contracts speculating on which company will ultimately come out on top of the bidding war have Paramount at a 62% chance over Netflix’s 33% odds.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)