Key Takeaways
- Dell Technologies (DELL) delivered a massive Q4 beat and issued Q1 revenue guidance of $34.7B to $35.7B, far exceeding the $29.3B analyst estimate.
- Block (SQ) is terminating approximately 4,000 employees, representing 40% of its workforce, as CEO Jack Dorsey pivots the company toward an AI-centric operational model.
- Intuit (INTU) surpassed Q2 expectations with $4.65B in revenue, though its full-year guidance remains slightly conservative compared to Wall Street consensus.
- CoreWeave (CRWV) reported strong Q4 revenue of $1.57B, but the AI infrastructure provider saw its net loss widen to $452M, missing profitability targets.
Dell Projects Massive AI Growth and Capital Returns
Dell Technologies (DELL) shares are in focus after the company reported Q4 2026 adjusted EPS of $3.89, beating the $3.52 estimate. Total net revenue reached $33.38B, fueled by a surge in demand for AI-optimized servers.
The company expects the AI server boom to drive $50B in sales by 2027, signaling a long-term structural shift in its business model. In response to the strong performance, Dell (DELL) raised its annual dividend by 20% and boosted its share buyback program by $10B.
Block Slashes Headcount in Aggressive AI Pivot
Jack Dorsey’s Block (SQ) has announced a drastic restructuring, cutting nearly half of its workforce to lean into artificial intelligence. The layoff of 4,000 people is intended to streamline operations and reduce overhead as the company integrates AI across its ecosystem.
This move comes as Wall Street remains divided on the software sector. While institutional investors have been dumping software stocks due to fears of AI-driven disruption, non-professional retail investors have reportedly been buying the dip, betting on a long-term recovery.
Mixed Results for Intuit and CoreWeave
Intuit (INTU) reported solid Q2 2026 results, with adjusted operating income hitting $1.55B against the $1.4B expected. Despite the beat, the company maintained its full-year revenue guidance of $21.00B to $21.19B, which sits just below the $21.25B analyst consensus.
AI infrastructure specialist CoreWeave (CRWV) posted Q4 2025 revenue of $1.57B, narrowly beating estimates. However, the firm’s adjusted EBITDA of $898M fell short of the $936M target, and net losses were deeper than anticipated at $452M.
Global Macro: New Zealand Sentiment Slides
On the macroeconomic front, the New Zealand ANZ Consumer Confidence Index plummeted in February. The index fell 6.6% month-over-month to a reading of 100.1, erasing the gains seen in the previous period. Analysts suggest that persistent inflation and high interest rates continue to weigh heavily on Kiwi household sentiment.
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications.