U.S. Movers: Dell Technologies, HP, Urban Outfitters

Scott Peters
26 Nov, 2025
New York City

Dell Technologies jumped 2.8% to $129.50 after the company's fourth-quarter sales outlook overwhelmed weaker-than-expected results in the third quarter. 

Revenue increased 11% to $27.0 billion from $24.4 billion, net income advanced 32% from $1.5 billion to $1.1 billion, and diluted earnings per share increased 39% to $2.28 from $1.64 a year ago. 

“AI momentum is accelerating in the second half of the year, leading to record AI server orders of $12.3 billion and an unprecedented $30 billion in orders year to date,” said Jeff Clarke, vice chairman and chief operating officer, Dell Technologies.

Dell Technologies returned $1.6 billion to shareholders in the third quarter through share repurchases and dividends. Year to date, the company has returned $5.3 billion to shareholders and repurchased over 39 million shares. 

The company guided sales in the full-year fiscal 2026 ending in January 2026 to fall between $111.2 billion and $112.2 billion, an increase of 17% from a year ago. 

Dell Technologies estimated full-year fiscal 2026 diluted earnings per share of $8.38 at the midpoint, up 31% year over year, and adjusted earnings per share of $9.92 at the midpoint, an increase of 32%. 

Urban Outfitters jumped 19% to $81.34, and the specialty apparel retailer reported stronger-than-expected third-quarter results. 

Revenue increased 12.3% to $1.5 billion from $1.4 billion, net income advanced to $116.4 million from $102.9 million, and diluted earnings per share rose to $1.28 from $1.10 a year ago. 

Total retail segment net sales jumped 9.6%, with comparable retail segment net sales advancing 8.0%. 

The increase in comparable net sales was driven by "high single-digit positive growth" in both online and store sales. 

Comparable retail segment net sales increased 12.5% at Urban Outfitters, 7.6% at Anthropologie, and 4.1% at Free People. 

Subscription segment net sales increased by 48.7%, primarily driven by a 42.2% increase in average active subscribers from a year ago. 

Of the company's 20 million stock repurchase plan, 14.7 million remained under the program.

HP Inc. decreased 6% to $22.97 after the company's outlook fell short of expectations and reported weaker-than-expected fiscal fourth-quarter results ending in October. 

Revenue increased 3.2% to $14.6 billion from $14.1 billion, net income decreased $795 million from $906 million, and diluted earnings per share declined to 84 cents from 93 cents a year ago. 

HP estimated fiscal 2026 first-quarter diluted earnings per share to be in the range of 58 cents to 66 cents, and for the full year between $2.47 and $2.77.  

HP stock faced selling pressure after the company announced a broad restructuring plan with gross cost savings of $1 billion by the end of fiscal 2028 and cut its workforce by 10%. The company said it will take a one-time charge of $650 million for restructuring and other charges.