Earnings Report · After-Hours Watch · mangostracker.ai

Last night's earnings

Tuesday, September 1, 2026 — the Triple Check on that evening's after-hours reports.

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Beat-and-raise sweep: Dell, Palo Alto, MongoDB and GitLab all top estimates, but the market punishes some more than others — Four straight beat-and-raise quarters from DELL, PANW, MDB, and GTLB show AI infrastructure, cybersecurity, and cloud-database spend still accelerating, but price reactions diverged wildly -- from Dell's ~9% next-day AI-backlog rally to MongoDB's 13% selloff on decelerating Atlas growth -- underscoring how much good news was already priced in.

Reports covered

4 companies reviewed.

DELL

Strong Beat

EPS vs. Consensus

$7.04 actual vs $4.87 consensus (+44.6%)

Revenue vs. Consensus

$46.97B actual vs ~$44.92B consensus (+4.6%), up 58% YoY

Forward Guidance

Raised FY27 guidance to $25.50 EPS on $192B revenue, far above the $18.92 EPS / $172.67B consensus; raised AI-server revenue outlook to $74B, citing a record $95B AI server backlog after booking $60.9B in new orders this quarter.

Price Reaction

-0.49% in immediate after-hours trading, but reversed to +9% in next-day trading as investors digested the AI backlog strength

Beat-and-raise across the board -- EPS more than 44% above consensus and full-year guidance lifted well past Street on a record AI server backlog. Initial AH softness gave way to a ~9% next-day rally as investors absorbed how large the AI infrastructure tailwind has become; ISG (data center) revenue was up 89% YoY.

PANW

Strong Beat

EPS vs. Consensus

$1.02 actual vs $0.98 consensus (+4.1%)

Revenue vs. Consensus

$3.41B actual vs $3.35B consensus (+1.8%), up 34% YoY

Forward Guidance

Issued FY27 revenue guidance of $14.10-14.20B and EPS of $4.16-4.19, plus Q1 guidance of $3.30-3.31B topping the $3.22B street estimate; next-gen security ARR hit $9.1B (+63% YoY) with a $20B FY30 ARR target reaffirmed.

Price Reaction

+0.1% in immediate after-hours trading (largely priced in), but stock fell ~8-9% in next-day trading on valuation concerns

Clean beat-and-raise with FY27 guidance issued above Street and NGS ARR up 63%. CEO Nikesh Arora framed AI-driven attacks as accelerating a still-early, ~$1T-underinvested cybersecurity spending cycle. The muted AH move and next-day slide reflect valuation fatigue (2x historical EV/EBITDA) rather than any fundamental miss.

MDB

Strong Beat

EPS vs. Consensus

$1.90 actual vs $1.61 consensus (+18.0%)

Revenue vs. Consensus

$771.8M actual vs $732.9M consensus (+5.3%), up 30% YoY

Forward Guidance

Raised FY27 EPS guidance to $6.39-6.58 (from $6.11 street est) and revenue guidance to $2.99-3.03B (from $2.95B est); non-GAAP operating margin hit 24% vs 15% a year ago.

Price Reaction

-13.4% after hours despite the beat-and-raise

Textbook beat-and-raise -- EPS beat by 18%, revenue beat by 5%, margins nearly doubled YoY -- but shares sold off 13% because Atlas growth held flat at ~29% rather than accelerating, and the stock had already run 29% in the prior month, leaving no room for anything short of perfection. Management also flagged rising AI infrastructure costs and consumption variability as watch items.

GTLB

Strong Beat

EPS vs. Consensus

$0.24 actual vs $0.18 consensus (+33%)

Revenue vs. Consensus

$286.3M actual vs $273.1M consensus (+4.8%), up 21% YoY

Forward Guidance

Raised FY27 EPS guidance to $0.85-0.87 (from $0.81 consensus) and full-year revenue guidance to ~$1.13B midpoint (from $1.12B); Q3 EPS guided to $0.19-0.20 vs $0.18 est.

Price Reaction

+15.9% after hours, reversing a 3.1% intraday decline ahead of the print

Solid beat-and-raise driven by Duo Agent Platform paid consumption up ~50% sequentially and platform-wide AI consumption run-rate topping $40M. CEO Bill Staples pointed to AI as a genuine product tailwind rather than a headwind for the DevSecOps platform, and the market rewarded the raise with a sharp AH reversal.

What this is (and isn't)

A fourth, independent lens — this one on the companies that just reported (or are about to), not the tape itself.

Every weekday evening around 7:30 PM ET, a separate job checks which notable companies (our own maintained watchlist, plus other market-moving names when relevant) reported earnings after that day's close, and runs each through a "Triple Check": actual EPS and revenue against Wall Street consensus, and — the part that drives most of the actual price reaction — forward guidance. On Fridays, a same-day recap is low-value heading into a weekend with no trading day right after, so that run instead previews which notable companies are scheduled to report the following week.

This job never places trades — it has no access to cash, holdings, or the trade ledger
Ideas here are commentary, not positions in the paper portfolio
It's fine, and common, for a quiet night (or week) to produce nothing to report

How reports are graded

The same rubric applied to every company reviewed.

Grade	Criteria	Typical reaction
Strong Beat	Beat EPS & revenue, raised guidance	Sharp gap up (+5% to +15%+)
Beat	Beat EPS & revenue, guidance unchanged	Moderate pop, can get sold off
In-Line / Soft Beat	EPS beat (often via cost-cutting), revenue missed or guidance lowered	Mixed to negative
Miss	Missed EPS or revenue, weak guidance	Sharp gap down (-5% to -20%+)

Timing

Weekday evenings run the recap above; Fridays run the week-ahead preview instead.

4:00 PM ET

The market closes. Most companies that report today do so shortly after this, in the after-hours session.

~7:30 PM ET

This job fires — enough time for the initial post-earnings price reaction and analyst commentary to develop — and this page updates.

Last night's earnings

Reports covered

What this is (and isn't)

How reports are graded

Timing

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