Dell Technologies(DELL)
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Should You Start Accumulating DELL Shares After Q2 Results?
ZACKS· 2024-08-30 13:01
Dell Technologies Inc. (DELL) reported impressive results for second-quarter fiscal of 2025, wherein both the top and the bottom line surpassed the Zacks Consensus Estimate. This was primarily driven by an 80% increase in server sales powered by artificial intelligence (AI) chips. The company also upwardly revised its full-year fiscal 2025 revenue guidance. Dell Technologies currently carries a Zacks Rank #3 (Hold). This means that the stock price is expected to perform in line with the market in the near f ...
Artificial Intelligence (AI) Stocks Are Soaring in Price. Here Are 2 Bargains.
The Motley Fool· 2024-08-30 09:41
Are you missing out on the AI boom? These two undervalued industry giants look primed to take off. Many stocks in the artificial intelligence (AI) space are skyrocketing nowadays. 7 of the 10 highest-performing tech stocks over the last 5 years have direct ties to the AI boom, either by making specialized AI hardware or by providing the equipment used in making those AI chips and systems. The S&P 500 (^GSPC -0.00%) market index nearly doubled over the last five years while the slowest-growing AI stock under ...
Dell Q2: AI Servers Will Likely Represent 15% Of Revenue Soon, Upgrade To 'Strong Buy'
Seeking Alpha· 2024-08-30 02:33
10 House P (4) 440 100 11 I 71 1 and the 11 1 i a th B 1 11 I I T the the 1 i t the state 1 1 i = 11 h TI ti t = Title H in 11:4 H d t 1 1 18 i Thinglass I initiated a 'Buy' rating for Dell (NYSE:DELL) in May 2024, highlighting the growth potential of AI-optimized server and networking portfolio. Dell released its Q2 result on August 29th after the bell, reporting a 79.5% year-over-year growth in Servers and Networking business. The 23% growth in AI optimized server order underscores Dell's growth potential ...
Dell Technologies(DELL) - 2025 Q2 - Earnings Call Transcript
2024-08-30 00:34
Dell Technologies Inc. (NYSE:DELL) Q2 2025 Earnings Conference Call August 29, 2024 4:30 PM ET Company Participants Rob Williams - Head, IR Jeff Clarke - Vice Chairman and COO Yvonne McGill - CFO Tyler Johnson - Senior VP and Treasurer Conference Call Participants Amit Daryanani - Evercore Ben Reitzes - Melius Research Erik Woodring - Morgan Stanley Toni Sacconaghi - Bernstein Asiya Merchant - Citi Samik Chatterjee - JPMorgan Michael Ng - Goldman Sachs Wamsi Mohan - Bank of America Aaron Rakers - Wells Farg ...
Dell Technologies (DELL) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-08-29 23:01
For the quarter ended July 2024, Dell Technologies (DELL) reported revenue of $25.03 billion, up 9.1% over the same period last year. EPS came in at $1.89, compared to $1.74 in the year-ago quarter. The reported revenue represents a surprise of +3.03% over the Zacks Consensus Estimate of $24.29 billion. With the consensus EPS estimate being $1.74, the EPS surprise was +8.62%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determin ...
Dell Technologies (DELL) Q2 Earnings and Revenues Top Estimates
ZACKS· 2024-08-29 22:25
Dell Technologies (DELL) came out with quarterly earnings of $1.89 per share, beating the Zacks Consensus Estimate of $1.74 per share. This compares to earnings of $1.74 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 8.62%. A quarter ago, it was expected that this computer and technology services provider would post earnings of $1.25 per share when it actually produced earnings of $1.27, delivering a surprise of 1.60%. Over ...
Dell Stock Rises After Company Reports Stronger-Than Expected Earnings, AI Server Surge
Investopedia· 2024-08-29 21:26
Key Takeaways Dell's second-quarter results beat expectations on the top and bottom lines. Server and networking revenue rose 80% to a record $7.7 billion. AI-optimized server demand rose 23% sequentially. Dell Technologies (DELL) shares jumped after the bell Thursday following second-quarter revenue that cleared analysts' expectations on the strength of artificial intelligence (AI) sales. Revenue rose 9% year-over-year to $25 billion, above the analyst consensus from Visible Alpha. Server and networking re ...
Dell Technologies(DELL) - 2025 Q2 - Quarterly Results
2024-08-29 20:14
Exhibit 99.1 D&LLTechnologies Dell Technologies Delivers Second Quarter Fiscal 2025 Financial Results News summary • Second quarter revenue of $25.0 billion, up 9% year over year • Record Infrastructure Solutions Group (ISG) revenue of $11.6 billion, up 38% year over year, with record servers and networking revenue of $7.7 billion, up 80% • Client Solutions Group (CSG) revenue of $12.4 billion, down 4% year over year, with commercial client revenue flat at $10.6 billion • Diluted earnings per share of $1.17 ...
Dell beats estimates as server sales soar 80%, riding AI wave
CNBC· 2024-08-29 20:07
Michael Dell at the Allen & Company Sun Valley Conference on July 12, 2024 in Sun Valley, Idaho. Dell reported quarterly results on Thursday that beat Wall Street expectations, powered by an 80% increase in server sales. The stock rose more than 5% in extended trading. Here's how the company did for the fiscal second quarter vs. LSEG consensus estimates: Revenue: $25.06 billion vs. $24.53 billion expected EPS: $1.89 adjusted, vs. $1.71 expected Net income climbed 85% to $841 million, or $1.17 per share, fro ...
Dell Technologies Delivers Second Quarter Fiscal 2025 Financial Results
Prnewswire· 2024-08-29 20:05
News summary Second quarter revenue of $25.0 billion, up 9% year over year Record Infrastructure Solutions Group (ISG) revenue of $11.6 billion, up 38% year over year, with record servers and networking revenue of $7.7 billion, up 80% Client Solutions Group (CSG) revenue of $12.4 billion, down 4% year over year, with commercial client revenue flat at $10.6 billion Diluted earnings per share of $1.17, up 86% year over year, and non-GAAP diluted earnings per share of $1.89, up 9% ROUND ROCK, Texas, Aug. 29, 2 ...