To The Moon

1. $Urban Outfitters(URBN)$ jumped 13.54%

• Revenue: $60.6M, vs. $55.24M expected (+10.6% beat)

• Adjusted EPS: -$0.24, vs. -$0.26 expected (+7.7% beat)

• Outlook: Urban Outfitters projects high single-digit Q4 sales growth, with full-year gross margins expanding ~100 bps and Q4 margins up 25-50 bps. The company plans $300M in FY26 capital expenditures, focusing new store growth on FP Movement, Free People, and Anthropologie.

Shares of URBN jumped as investors reacted to its exceptionally strong third-quarter momentum, broad-based comp strength across all brands, sharp improvement at Urban Outfitters globally and continued rapid growth at Nuuly.

“We are pleased to report record revenues, profits, and earnings per share for the quarter,” said CEO Richard Hayne. “These results underscore the strength of our diversified business model, enabling us to continue capturing market share and drive consistent long-term growth.”

2. $Dell Technologies Inc.(DELL)$ soared 5.83%

• Revenue: $27.01 billion vs. $27.13 billion expected (-0.44% miss)

• Adjusted EPS: $2.59 vs. $2.47 expected (+4.9% beat)

• Outlook: Dell said it expects about $31.5 billion in sales in the fourth quarter versus $27.59 billion estimated by analysts. The company said it expects fourth-quarter earnings per share of $3.50 versus $3.21 expected. Full-Year Revenue Guidance raised to $111.7 billion from $107 billion.

Dell shares rose after the company raised its outlook, fueled by strong performance in its AI business. Despite a slight revenue miss in Q3, robust guidance highlighted continued AI-driven demand.

Chief Operating Officer Jeff Clarke said “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.”

3. $Autodesk(ADSK)$ rose 2.36%

• Revenue: $1.85 billion vs. $1.80 billion expected (+2.67% beat)

• Adjusted EPS: $2.67 vs. $2.49 expected (+7.23% beat)

• Outlook: Autodesk's FY2026 guidance: Q4 revenue $1.90B-$1.92B, non-GAAP EPS $2.59-$2.67. Full-year revenue $7.15B-$7.17B, billings $7.47B-$7.53B, non-GAAP EPS $10.18-$10.25. Raised non-GAAP operating margin to ~37.5%, free cash flow projected at $2.26B-$2.29B.

Autodesk delivered robust performance this quarter, driven by exceptional AECO performance. The company also saw higher-than-expected upfront revenues, sustained momentum in the Autodesk Store and better-than-anticipated billings linearity, all contributing to results that exceeded expectations.

CEO Andrew Anagnost emphasized the transformative nature of Autodesk’s initiatives, stating, "We are successfully executing on the most far-reaching transformations in enterprise software." CFO Janesh Moorjani added, "The business is clearly performing very well this year," highlighting the company’s strong financial footing and strategic advancements.

4. $Zoom(ZM)$ declined 2.21%

• Revenue: $1.23 billion vs. $1.21 billion expected (+1.4% beat)

• Adjusted EPS: $1.52 vs. $1.43 expected (+6.3% beat)

• Outlook: Zoom expects its fourth-quarter fiscal 2026 revenues to be between $1.230 billion and $1.235 billion. Revenues on a constant currency basis are expected to be between $1.224 billion and $1.229 billion. For fiscal 2026, Zoom expects revenues in the range of $4.852-$4.857 billion. Revenues on a constant currency basis are expected to be between $4.844 billion and $4.849 billion.

Stock dropped on growth worries and competition, despite beating earnings estimates. Market skeptical on AI monetization.

“Zoom is continuing to build on our vision of an AI‑first platform that helps people connect and collaborate more seamlessly,” said Eric S. Yuan, Zoom’s founder and CEO. “This quarter we announced AI Companion 3.0, and we’re thrilled to see AI Companion adoption grow meaningfully. "

5. $HP Inc(HPQ)$ dropped 1.40%

• Revenue: $14.64 billion, vs. $14.48 billion expected (+1.1% beat)

• Adjusted EPS: $0.93, vs. $0.92 expected (+1.1% beat)

• Outlook: For Q1 2026, the HPQ called for 73 cents to 81 cents in adjusted net earnings per share, while the LSEG consensus was 79 cents. For all of fiscal 2026, HP sees $2.90 to $3.20 in adjusted per share, below the LSEG consensus of $3.33.

HPQ's stock declined primarily due to disappointing earnings guidance for the full fiscal year, driven by rising memory costs impacting its Personal Systems margins. Additionally, the company announced plans to cut 4,000-6,000 jobs, reflecting operational challenges.

“As we look ahead, we see a significant opportunity to embed AI into HP to accelerate product innovation, improve customer satisfaction and boost productivity,” HP CEO Enrique Lores said.