Dell Technologies Inc

Latest Results (21.10.2025):

Dell Technologies Inc. reported robust financial performance for the second quarter of fiscal year 2026, achieving record revenue and significant growth in operating income. The company demonstrated strong cash generation and continued its commitment to shareholder returns while expanding its AI solutions portfolio.

Record Revenue and Profitability

Dell Technologies Inc. achieved a record revenue of $29.8 billion in the second quarter of fiscal 2026, marking a 19% increase year over year. Operating income rose by 27% to $1.8 billion, and non-GAAP operating income increased by 10% to $2.3 billion. Diluted earnings per share (EPS) reached $1.70, a 38% year-over-year growth, with non-GAAP diluted EPS hitting a record $2.32, up 19%.

Strong AI Solutions Performance

The company's AI solutions shipped surpassed $10 billion in the first half of FY26, exceeding all shipments in FY25. This surge in AI solutions contributed to a 69% growth in the Servers and Networking business. Dell Technologies Inc. has raised its AI server shipment guidance for FY26 to $20 billion, reflecting exceptional demand in this segment.

Infrastructure Solutions Group Achievements

The Infrastructure Solutions Group (ISG) reported record revenue of $16.8 billion, a 44% increase year over year. Specifically, Servers and Networking revenue surged by 69% to $12.9 billion, while Storage revenue saw a slight decline of 3% to $3.9 billion. Operating income for ISG reached a record $1.5 billion, up 14% year over year.

Client Solutions Group Performance

The Client Solutions Group (CSG) generated revenue of $12.5 billion, a 1% increase compared to the previous year. Commercial Client revenue grew by 2% to $10.8 billion, while Consumer revenue decreased by 7% to $1.7 billion. Operating income for CSG was $803 million, a 2% decline year over year.

Capital Return to Shareholders

Dell Technologies Inc. returned $1.3 billion to shareholders in the second quarter through share repurchases and dividends, underscoring its commitment to delivering value to investors.

Guidance for Fiscal Year 2026 and Next Quarter

The company provided guidance for fiscal year 2026, projecting full-year revenue between $105.0 billion and $109.0 billion, a 12% increase at the midpoint. GAAP diluted EPS is expected to reach $7.98, up 25%, and non-GAAP diluted EPS is forecasted to be $9.55, up 17%. For the third quarter, Dell Technologies Inc. anticipates revenue between $26.5 billion and $27.5 billion, up 11%, with GAAP diluted EPS of $2.07 and non-GAAP diluted EPS of $2.45.