Pump-probe differential reflection and transmission spectroscopy is a very effective tool to study the nonequili-brium carrier dynamics of graphene. The reported sign of differential reflection from graphene is not explicitly explained and not consistent. Here, we study the differential reflection and transmission signals of graphene on a dielectric substrate. The results reveal the sign of differential reflection changes with the incident direction of the probe beam with respect to the substrate. The obtained theory can be applied to predict the differential signals of other two-dimensional materials placed on various dielectric substrates.