10 Stocks With Massive Losses; AI Firms Not Spared

3. Dell Technologies Inc. (NYSE:DELL)

Dell Technologies snapped a two-day winning streak on Friday, shedding 8.88 percent to finish at $122.15 apiece as investor sentiment was dampened by its lower-than-expected earnings per share (EPS) guidance for the third quarter of the fiscal year 2026.

In an updated report, Dell Technologies Inc. (NYSE:DELL) said it targeted EPS of $2.45, falling short of LSEG’s $2.55 expectations. Revenue guidance, however, topped estimates at $27 billion, versus $26.1 billion as predicted by analysts.

According to Dell Technologies Inc. (NYSE:DELL), part of the reason was that its profit forecast was concentrated in the fourth quarter of the year due to seasonality, particularly in the storage segment.

For the full-year period, the company was targeting between $$105 billion and $109 billion in revenues, up 12 percent year-on-year at the midpoint. Third quarter revenue, meanwhile, was pegged at $26.5 billion and $27.5 billion, up 11 percent year-on-year at the midpoint of $27 billion.

In the past quarter, Dell Technologies Inc. (NYSE:DELL) saw its net income increase by 32 percent to $1.16 billion from $882 million in the same period last year, while revenues grew 19 percent to $29.8 billion from $25 billion year-on-year.