Every comparable gap since 2016, and what followed.
DELL reported fiscal Q3 2026 earnings after the close on September 1, 2026, and the stock gapped up +8.72% the next morning. VIX was at 16.34 that evening, so this happened in a low VIX environment.
In general, DELL gaps up after earnings 50.0% of the time (20 times out of 40 earnings reports since December 2016).
The size of the gap was slightly above average. It gapped up 8.72% vs its average gap up of +7.81%.
| Time Frame | Any gap up | Green/Red Frequency |
|---|---|---|
| 1 week | +3.10% | ▲63.2% / ▼36.8% |
| 1 month | +3.22% | ▲63.2% / ▼36.8% |
| 3 months | +10.60% | ▲73.7% / ▼26.3% |
| Before next earnings | +9.46% | ▲78.9% / ▼21.1% |
After any gap up, DELL is higher at every time frame.
| Gap Session | Gap | VIX | 1 Week | 1 Month | 3 Months | Before next earnings |
|---|---|---|---|---|---|---|
| August 30, 2019 | +8.72% | 17.9 | +6.77% | +1.55% | −4.64% | +4.60% |
| May 29, 2020 | +7.50% | 28.6 | +3.10% | +9.71% | +27.41% | +27.41% |
| Time Frame | Gap up, VIX < 20 | Green/Red Frequency |
|---|---|---|
| 1 week | +2.82% | ▲64.3% / ▼35.7% |
| 1 month | +2.74% | ▲64.3% / ▼35.7% |
| 3 months | +11.27% | ▲78.6% / ▼21.4% |
| Before next earnings | +10.63% | ▲85.7% / ▼14.3% |
After a gap up in a low VIX environment DELL typically continues climbing higher heading into the next earnings.
The forward return calculations in this article begin at the 9:30am open the next morning after the stock has already gapped up, so the gap is not part of the forward calculations.
TradeIntel’s Earnings Analyzer shows the historical gap and what followed it, report by report, for any stock you are watching.
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