Daily Earnings Reports
StockInsight™ Earnings Report — September 1, 2026
Executive Summary
September 1 produced a two-speed earnings session.
The premarket group was broadly constructive, led by Medtronic and Sibanye-Stillwater, while NIO delivered an impressive operational improvement but disappointed on revenue and traded lower.
After the close, the technology earnings were much stronger fundamentally than the initial price reactions suggested. Dell delivered an exceptional beat-and-raise, Palo Alto Networks posted a strong quarter and raised FY2027 guidance, MongoDB beat and raised but sold off sharply, Credo beat but also fell, while GitLab delivered another strong beat and rallied heavily.
The key lesson from the session:
Strong earnings are no longer sufficient. The market is demanding accelerating growth, guidance upside and evidence that margins/cash flow can keep pace.
The broader market backdrop made this even more difficult. The S&P 500 fell 0.71%, the Nasdaq 1.03%, and the Dow 0.79%, while WTI surged above $90 and the 10-year Treasury yield reached roughly 4.79%.
StockInsight™ Earnings Score: 8.1/10
Fundamentals: 🟢 Strong
Guidance: 🟢 Strong
AI demand: 🟢 Very Strong
Valuation sensitivity: 🔴 High
Market reaction: 🟡 Highly selective
🌅 Premarket Earnings
Medtronic — MDT
Q1 FY2027
| Metric | Actual | Estimate | Surprise |
|---|---|---|---|
| Adjusted EPS | $1.45 | $1.39 | 🟢 Beat |
| Revenue | $9.76B | ~$9.55B | 🟢 Beat |
| Organic growth | 7.5% | — | 🟢 |
| FY27 organic growth guide | 7.25–7.75% | 6.75–7.25% prior | 🟢 Raised |
Medtronic delivered the cleanest beat-and-raise of the premarket session. Revenue rose 14% YoY, while cardiovascular sales increased roughly 20% to $3.93B. The company also announced approximately $780M of investments, including about $700M in Cornerstone Robotics.
The cardiovascular business was particularly impressive, with pulsed-field ablation sales up 88%.
Price reaction
MDT initially traded strongly higher following the release and remained one of the session’s relative-strength names, although the broader market selloff subsequently reduced the gain.
StockInsight™ Verdict
EPS: 🟢🟢
Revenue: 🟢
Organic growth: 🟢🟢
Guidance: 🟢🟢
Strategic investment: 🟢
Rating: 🔥 STRONG BULLISH
🚗 NIO — NIO
NIO’s results were fundamentally impressive but less clean than the headline suggested.
Q2 2026
- Revenue: RMB32.14B / ~$4.74B
- YoY revenue growth: 69.1%
- Deliveries: 107,658 vehicles
- Vehicle margin: 18.5%
- Gross profit increased sharply
- Net loss narrowed dramatically
NIO’s official results confirm the 69.1% revenue increase and 107,658 vehicle deliveries.
The major positive remains margin expansion. Vehicle margin reached 18.5%, a substantial improvement from the prior year.
However, the company missed revenue expectations, and the stock fell despite strong August deliveries.
August deliveries
NIO delivered 35,836 vehicles in August, up 14.5% YoY.
That means the volume trend remains strong, but investors are now asking whether NIO can convert that volume into sustainable GAAP profitability.
StockInsight™ Verdict
Revenue growth: 🟢🟢
Margins: 🟢🟢
Deliveries: 🟢
Revenue surprise: 🔴
Profitability: 🟡
Price reaction: 🔴
Rating: 🟢 Strong turnaround / 🟡 Mixed earnings reaction
⛏️ Sibanye-Stillwater — SBSW
Sibanye delivered one of the strongest commodity-sector earnings recoveries of the session.
H1 2026
- Revenue: approximately R90B
- Net profit: R18.8B
- Adjusted EBITDA: R31.84B
- Adjusted EBITDA growth: +111%
- Operating cash flow: R19.6B
- Interim dividend: R5.7B
Revenue increased 64%, while profit increased dramatically as the prior-year period had been burdened by major impairment charges.
The company also announced additional investments in copper and gold projects, reinforcing management’s confidence in the commodity environment.
StockInsight™ Verdict
Revenue: 🟢🟢
EBITDA: 🟢🟢
Cash flow: 🟢🟢
Dividend: 🟢🟢
Commodity exposure: 🟡
Rating: 🟢 BULLISH
🤖 Rezolve AI — RZLV
Rezolve produced a dramatic headline growth number.
H1 2026
Revenue: $130.8M
That represents nearly 21x year-over-year growth. The company also said its customer base has exceeded 1,640 and maintained approximately $360M FY2026 revenue guidance.
This is one of the more aggressive AI-growth stories in today’s earnings universe.
The problem is that investors must distinguish between:
rapid revenue growth
and
high-quality, sustainable, profitable revenue growth.
Verdict
Growth: 🟢🟢🟢
AI exposure: 🟢🟢
Profitability: 🔴
Risk: 🔴🔴🔴
Rating: 🟡 SPECULATIVE AI GROWTH
🔎 Yext — YEXT
Yext reported approximately $111.1M quarterly revenue, while profitability declined. The company remains cash-generative and continues to position itself around AI and search/discovery.
The quarter was considerably less compelling than the major healthcare, commodity and technology reports.
Rating: 🟡 MIXED
🌙 After-Close Earnings
🥇 Dell Technologies — DELL
The Earnings Winner of the Day
Dell delivered arguably the most important earnings report of September 1.
Q2 FY2027
| Metric | Actual | Estimate | Result |
|---|---|---|---|
| Revenue | $47.0B | ~$44.9B | 🟢 Beat |
| Adjusted EPS | $7.04 | ~$4.91 | 🟢🟢 Huge beat |
| FY27 revenue guide | $192B | prior $167B | 🟢🟢 |
| FY27 AI-server revenue | $74B | prior $60B | 🟢🟢 |
Dell’s Q2 revenue reached a record $47B, dramatically exceeding expectations. More importantly, management raised FY2027 AI-server revenue expectations to $74B from $60B and total revenue guidance to $192B from $167B.
Dell also said it had booked more than $130B of AI-server orders over the preceding year.
Q3 guidance
Management expects:
- Revenue: ~$49B
- Adjusted EPS: ~$6.50
Both were above consensus expectations.
Price reaction
DELL surged roughly 8–10% after hours.
This is the exact beat + raise + acceleration setup the market had been demanding.
StockInsight™ Verdict
Revenue: 🟢🟢
EPS: 🟢🟢🟢
AI servers: 🟢🟢🟢
Backlog: 🟢🟢
Guidance: 🟢🟢🟢
Price reaction: 🟢🟢🟢
Rating: 🔥🔥 STRONG BUY-TYPE EARNINGS SIGNAL
Dell was the clear earnings winner of the major technology group.
🛡️ Palo Alto Networks — PANW
Strong Beat + Strong Guidance, But Complicated Reaction
Palo Alto delivered another strong quarter.
Q4 FY2026
- Revenue: $3.41B
- Revenue growth: +34%
- Adjusted EPS: $1.02
- Consensus EPS: ~$0.98
- RPO: $21.2B
- Next-Generation Security revenue: +63%
The company also guided FY2027 revenue to $14.10B–$14.20B, above the approximately $13.84B consensus.
For Q1 FY2027, PANW expects:
- Revenue: $3.30B–$3.31B
- Adjusted EPS: $0.96–$0.98
The problem
Free-cash-flow margin guidance of roughly 37.5%–38% appears to have disappointed some investors.
The stock initially jumped around 5% before reversing and trading roughly 2% lower after hours.
StockInsight™ Verdict
Revenue: 🟢🟢
EPS: 🟢
RPO: 🟢🟢
AI security: 🟢🟢
FY27 guidance: 🟢
FCF margin: 🟡
Price reaction: 🟡
Rating: 🟢 BULLISH FUNDAMENTALS / 🟡 MIXED MARKET REACTION
🔌 Credo Technology — CRDO
Credo delivered another exceptionally strong growth quarter.
Q1 FY2027
- Revenue: $479.0M
- YoY growth: +114.7%
- QoQ growth: +9.6%
- Non-GAAP EPS: $1.20
- GAAP EPS: $0.67
- Non-GAAP gross margin: 68.0%
- Non-GAAP net income: $236.3M
Consensus was approximately $1.17 EPS and $473M revenue, meaning Credo beat on both metrics.
Q2 guidance
Credo expects:
Revenue: $525M–$535M
with non-GAAP gross margin expected at 67%–69%.
Yet the stock fell
Credo shares dropped roughly 7% after hours despite the beat.
This is a textbook example of expectations risk.
The market wanted more than a beat. Investors were looking for another major acceleration in the forward numbers.
Verdict
Revenue growth: 🟢🟢🟢
Margins: 🟢🟢
EPS: 🟢
Guidance: 🟢
Price reaction: 🔴
Rating: 🟢 FUNDAMENTALLY EXCELLENT / 🔴 PRICE ACTION NEGATIVE
🗄️ MongoDB — MDB
Another Beat-and-Raise That Got Sold
MongoDB delivered:
- Revenue: $771.8M
- YoY growth: +30%
- Adjusted EPS: $1.90
- Consensus: ~$1.62
- Atlas growth: +29%
The company raised FY2027 revenue guidance to approximately $2.99B–$3.03B and adjusted EPS guidance to $6.39–$6.58.
Why did MDB fall?
Because 30% Atlas growth was not enough for some investors.
Atlas growth has remained around the high-20% range, and investors were looking for evidence of acceleration from AI workloads.
The stock had also rallied strongly into the report.
Price reaction
MDB fell approximately 13–14% after hours, trading near $373–381 in early postmarket action.
This is the most important earnings lesson of the day:
Beat + raise ≠ automatic rally.
The market was effectively pricing in acceleration beyond the reported numbers.
Verdict
EPS: 🟢🟢
Revenue: 🟢
Guidance: 🟢
Atlas: 🟡
Valuation: 🔴
Price reaction: 🔴🔴🔴
Rating: 🟢 Fundamentals / 🔴 Tactical
🧑💻 GitLab — GTLB
GitLab was another major winner.
Q2 FY2027
- Revenue: $286.3M
- YoY growth: +21%
- Adjusted EPS: $0.24
- Consensus: ~$0.18
- Revenue estimate: ~$273M
The company therefore beat by approximately $13M on revenue and $0.06 on EPS.
Price reaction
GTLB surged approximately 15–20% after hours, with one live quote showing $53.91, +19.56% after the regular session.
This was a particularly clean reaction because GitLab combined:
Beat + strong revenue growth + guidance improvement + AI momentum.
Verdict
EPS: 🟢🟢
Revenue: 🟢🟢
Growth: 🟢
AI/DevSecOps: 🟢🟢
Price reaction: 🟢🟢🟢
Rating: 🔥 STRONG BULLISH
📊 September 1 Earnings Scorecard
| Company | EPS | Revenue | Guidance | AH Reaction | StockInsight™ |
|---|---|---|---|---|---|
| DELL | 🟢🟢🟢 | 🟢🟢 | 🟢🟢🟢 | 🟢🟢🟢 | 🔥 Best |
| GTLB | 🟢🟢 | 🟢🟢 | 🟢 | 🟢🟢🟢 | 🔥 Strong |
| PANW | 🟢 | 🟢🟢 | 🟢 | 🟡 | 🟢 Positive |
| CRDO | 🟢 | 🟢 | 🟢 | 🔴 | 🟡 Mixed |
| MDB | 🟢🟢 | 🟢 | 🟢 | 🔴🔴🔴 | 🟡 Sell-the-news |
| MDT | 🟢🟢 | 🟢 | 🟢🟢 | 🟢 | 🔥 Strong |
| NIO | 🟡 | 🟢🟢 | 🟢 | 🔴 | 🟢/🟡 |
| SBSW | 🟢🟢 | 🟢🟢 | 🟢 | 🟢/🟡 | 🟢 Strong |
| RZLV | 🟡 | 🟢🟢🟢 | 🟢 | 🟡 | 🟡 Speculative |
🧠 What September 1 Earnings Are Telling Investors
1. AI Infrastructure Remains Extremely Strong
Dell is the clearest evidence.
A $74B FY2027 AI-server revenue forecast, up from $60B previously, is a massive validation of continued AI infrastructure spending.
This is not simply a story about Nvidia GPUs anymore.
The spending is spreading across:
Servers → networking → connectivity → power → cooling → data centers
2. But AI Valuation Expectations Are Becoming Extreme
Credo and MongoDB provide the other side of the story.
Both produced strong numbers.
Both beat.
Both provided positive outlooks.
Yet both sold off.
That tells us:
The earnings bar is rising faster than consensus estimates.
3. Cybersecurity Remains a Major AI Beneficiary
Palo Alto’s 34% revenue growth and 63% growth in Next-Generation Security revenue demonstrate that AI is not simply a threat to software companies.
It is also creating new security demand.
4. The Market Is Punishing “Good, Not Great”
This was the defining characteristic of September 1.
Dell
Great → 🔥 Rally
GitLab
Great → 🔥 Rally
Palo Alto
Strong → 🟡 Mixed
Credo
Strong → 🔴 Sell
MongoDB
Strong → 🔴🔴 Sell
That is a very important signal heading into the remainder of the week.
📉 The Macro Overlay
The earnings reports were occurring against one of the worst possible macro setups for high-duration equities.
The September 1 session saw:
- Dow: -0.79%
- S&P 500: -0.71%
- Nasdaq: -1.03%
- WTI: ~$90.90
- Brent: ~$95.35
- 10Y Treasury: ~4.79%
Oil surged amid renewed U.S.-Iran tensions, while rising Treasury yields increased pressure on growth-stock valuations.
That makes the strong postmarket reaction in DELL and GTLB even more significant.
🎯 StockInsight™ Earnings Ranking
🥇 Dell — 9.8/10
Beat + Raise + AI acceleration
The standout earnings report.
🥈 GitLab — 9.2/10
Excellent beat and very strong price confirmation.
🥉 Medtronic — 9.0/10
Defensive growth plus guidance upgrade.
4️⃣ Palo Alto Networks — 8.7/10
Excellent fundamentals, but price reaction less convincing.
5️⃣ Sibanye-Stillwater — 8.5/10
Strong commodity-cycle recovery and cash generation.
6️⃣ Credo — 8.3/10
Outstanding growth, but valuation/expectations remain an issue.
7️⃣ NIO — 8.0/10
Strong operational improvement, but revenue miss and price weakness.
8️⃣ MongoDB — 7.8/10
Excellent quarter, but the market wanted acceleration.
9️⃣ Rezolve AI — 7.2/10
Explosive growth but substantially more speculative.
🚨 Key Takeaway for September 2
Tomorrow’s Broadcom (AVGO) earnings now become even more important.
Today’s results establish a clear framework:
Dell: AI infrastructure demand is accelerating.
Credo: AI connectivity demand remains explosive.
MongoDB: AI/cloud growth needs to accelerate to satisfy investors.
Palo Alto: AI is strengthening cybersecurity demand.
GitLab: Enterprise AI/software adoption remains healthy.
Therefore, Broadcom now has an unusually high bar.
The market will want:
AI revenue strength + networking growth + margin expansion + raised guidance.
Anything less could produce the same “beat but sell” reaction seen in MDB and CRDO.
⭐ StockInsight™ Final Verdict
Earnings Fundamentals
🟢 9/10
Revenue Growth
🟢 9/10
AI Infrastructure
🟢 10/10
Guidance
🟢 8.5/10
Earnings Expectations
🔴 9/10 — Extremely High
Valuation Risk
🔴 8.5/10
Market Reaction
🟡 6.5/10 — Highly Selective
Overall Earnings Signal: 🟢 8.1/10 — Bullish, But the Bar Is Rising
September 1 was a fundamentally strong earnings day.
The biggest message is not simply that companies are beating estimates.
It is that AI infrastructure demand remains extraordinary, with Dell’s $74B AI-server forecast providing perhaps the strongest confirmation yet.
But MongoDB and Credo demonstrate the other side:
Strong earnings are no longer enough when expectations are extreme.
For investors heading into September 2, the most important setup is therefore:
🟢 Strong earnings + 🟢 strong AI demand + 🔴 high valuations + 🔴 rising yields = selective bullish environment.
And after today’s results, **Broadcom is now the critical next test of the entire AI earnings narrative.**
