{"id":71325,"date":"2026-09-02T16:38:10","date_gmt":"2026-09-02T20:38:10","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-earnings-volatility-broadcom-slides-on-weak-guidance-while-hpe-and-dell-surge\/71325\/"},"modified":"2026-09-02T16:38:10","modified_gmt":"2026-09-02T20:38:10","slug":"tech-earnings-volatility-broadcom-slides-on-weak-guidance-while-hpe-and-dell-surge","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-earnings-volatility-broadcom-slides-on-weak-guidance-while-hpe-and-dell-surge\/71325\/","title":{"rendered":"Tech Earnings Volatility: Broadcom Slides on Weak Guidance While HPE and Dell Surge"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Broadcom (<a href=\"\/stock\/AVGO\">AVGO<\/a>) shares fell 5%<\/strong> in after-hours trading despite an earnings beat, as its <strong>Q4 revenue guidance of $34.8 billion<\/strong> fell slightly short of analyst expectations.<\/li>\n<li><strong>Hewlett Packard Enterprise (<a href=\"\/stock\/HPE\">HPE<\/a>) surged<\/strong> after raising its full-year outlook and posting Q3 revenue of <strong>$12.21 billion<\/strong>, driven by massive demand for AI-integrated data centers.<\/li>\n<li><strong>U.S. equity markets snapped a three-day losing streak<\/strong>, with the <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> rising 0.5%<\/strong> and the <strong>Dow gaining 0.6%<\/strong> as investors &quot;bought the dip&quot; amid easing Treasury yields.<\/li>\n<li><strong>Dell Technologies (<a href=\"\/stock\/DELL\">DELL<\/a>) skyrocketed 16%<\/strong> following a strong outlook, further cementing the trend of robust infrastructure spending for artificial intelligence.<\/li>\n<li><strong>Uber (<a href=\"\/stock\/UBER\">UBER<\/a>) announced plans to cut 3,300 jobs<\/strong>, representing roughly 10% of its global workforce, as the ride-hailing giant pivots toward leaner operations.<\/li>\n<\/ul>\n<p>The technology sector remained the primary driver of market volatility on Wednesday as a wave of high-profile earnings reports highlighted a widening gap between AI winners and those struggling to meet sky-high expectations. While the broader market recovered from a recent selloff, individual stock reactions were dictated by forward-looking guidance rather than past performance.<\/p>\n<p><strong>Broadcom (<a href=\"\/stock\/AVGO\">AVGO<\/a>)<\/strong> reported third-quarter revenue of <strong>$29.59 billion<\/strong>, surpassing the <strong>$29.36 billion<\/strong> estimate, with adjusted EPS of <strong>$3.32<\/strong>. However, the stock dropped 5% after its Q4 revenue forecast of <strong>$34.8 billion<\/strong> missed the <strong>$35.05 billion<\/strong> consensus. Despite the slide, the company noted that <strong>AI semiconductor revenue surged 221% year-over-year<\/strong> to <strong>$16.70 billion<\/strong>, showing that demand for AI hardware remains a massive portion of its portfolio.<\/p>\n<p>In contrast, <strong>Hewlett Packard Enterprise (<a href=\"\/stock\/HPE\">HPE<\/a>)<\/strong> delivered a bullish report, raising its full-year adjusted EPS guidance to a range of <strong>$3.75-$3.85<\/strong>. The company posted Q3 adjusted EPS of <strong>$1.11<\/strong>, well ahead of the <strong>93-cent<\/strong> estimate. <em>HPE&#39;s expansion of its networking partnership with Oracle (<a href=\"\/stock\/ORCL\">ORCL<\/a>) for AI data centers<\/em> further bolstered investor confidence in its long-term growth trajectory.<\/p>\n<p><strong>NetApp (<a href=\"\/stock\/NTAP\">NTAP<\/a>)<\/strong> also joined the list of tech outperformers, reporting Q1 revenue of <strong>$2.025 billion<\/strong>, which beat the <strong>$1.838 billion<\/strong> estimate. The company provided an optimistic outlook for the fiscal year, projecting adjusted EPS between <strong>$9.73 and $10.03<\/strong>. This performance, alongside <strong>Dell&#39;s (<a href=\"\/stock\/DELL\">DELL<\/a>)<\/strong> 16% surge, suggests that the enterprise shift toward AI-ready infrastructure is accelerating.<\/p>\n<p>Broader economic data provided a mixed backdrop for the rally. The <strong>Federal Reserve&#39;s Beige Book<\/strong> indicated that U.S. economic activity rose modestly, though <strong>August job creation slowed<\/strong>. <strong>New York Fed President John Williams<\/strong> noted that inflation continues to ease as the effects of previous tariffs fade, which helped pull <strong>Treasury yields<\/strong> back from recent multi-year highs and supported the <strong>0.2% gain in the Nasdaq 100<\/strong>.<\/p>\n<p>In global news, <strong>RBNZ Governor Breman<\/strong> signaled a &quot;gradual removal of monetary stimulus&quot; to return inflation to target while supporting growth. Meanwhile, in the corporate landscape, <strong>Elliott Investment Management<\/strong> has reportedly built a stake in <strong>Deutsche Telekom<\/strong>, signaling opposition to a potential merger with <strong>T-Mobile US (<a href=\"\/stock\/TMUS\">TMUS<\/a>)<\/strong>. Additionally, <strong>Google (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>)<\/strong> reportedly avoided a forced breakup of its online advertising monopoly, providing a temporary reprieve for the search giant.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Broadcom (AVGO) shares fell 5% in after-hours trading despite an earnings beat, as its Q4 revenue guidance of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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