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May 31, 2026 12:00 PM

Consumer Tech News (May 25-29): Dell, IBM, CrowdStrike, Meta Lead Big Tech AI Push

Gov. Gavin Newsom (D-CA) on Thursday criticized the President Donald Trump Administration's decision to introduce a $250 bill featuring a portrait of the President.

Earnings Results

Dell Technologies Inc. (NYSE:DELL)  reported first-quarter revenue of $43.84 billion, surpassing analyst estimates of $35.45 billion, according to Benzinga Pro. Adjusted earnings came in at $4.86 per share, well above expectations of $2.94 per share.

UiPath Inc. (NYSE:PATH) reported quarterly earnings of 15 cents per share, which missed the Street estimate of 16 cents. Revenue clocked in at $418.38 million, which beat the consensus estimate of $397.81 million.

MongoDB Inc (NASDAQ:MDB) posted first-quarter revenue of $687.62 million, beating analyst estimates of $667.82 million and adjusted earnings of $1.32 per share, beating analyst estimates of $1.18 per share.

Autodesk Inc. (NASDAQ:ADSK) reported earnings of $2.99 per share, which beat the consensus estimate of $2.84. Revenue came in at $1.93 billion, which beat the Street estimate of $1.89 billion.

Weibo Corp. (NASDAQ:WB) reported first-quarter revenue of $421.3 million and above the analyst consensus estimate of $417.9 million.

Salesforce Inc (NYSE:CRM) reported first-quarter revenue of $11.13 billion, beating the consensus estimate of $11.05 billion and adjusted earnings of $3.88 per share, well above estimates of $3.12 per share.

Li Auto Inc. (NASDAQ:LI) reported first-quarter 2026 revenue of 23.0 billion Chinese yuan ($3.33 billion), but exceeded the analyst consensus estimate of $3.14 billion. Adjusted net loss came in at 2.09 yuan per American depositary share, or 30 cents, compared with Wall Street expectations for a profit of 7 cents per share.

XPeng Inc. (NYSE:XPEV) reported quarterly revenue of 13.03 billion Chinese yuan ($1.89 billion), down 17.6% year over year and below the analyst consensus estimate of $3.13 billion. 

Photronics Inc. (NASDAQ:PLAB) reported non-GAAP net income attributable to shareholders of $24.9 million, or 42 cents per diluted share, missing the estimated 54 cents per share.

Marvell Technology Inc. (NASDAQ:MRVL) reported first-quarter results that narrowly topped Wall Street estimates and issued ...