Financial Data and Key Metrics Changes - For FY 2026, the company achieved record revenue of $113.5 billion, a 19% increase year-over-year, and EPS grew by 27% to $10.30 [5][25] - Q4 revenue reached $33.4 billion, up 39%, with EPS increasing by 45% to $3.89, driven by demand for AI solutions [6][15] - Operating income grew 32% to $3.5 billion, representing 10.6% of revenue, while net income increased by 36% to $2.6 billion [16] Business Line Data and Key Metrics Changes - ISG revenue was a record $19.6 billion, up 73%, marking eight consecutive quarters of double-digit growth [16] - AI server demand remained exceptional, with Q4 orders of $34.1 billion and shipments of $9.5 billion, leading to an ending backlog of $43 billion [16][21] - Traditional server revenue was $5.9 billion, up 27%, while storage revenue was $4.8 billion, up 2%, with strong demand across the Dell IP portfolio [17] Market Data and Key Metrics Changes - The company gained share in the PC business and saw strong demand growth across all regions for traditional servers [6][8] - CSG revenue grew 14% to $13.5 billion, with commercial revenue up 16% and consumer revenue roughly flat [18] - The company is experiencing a dynamic environment with unprecedented AI demand creating sustained supply tightness [11][12] Company Strategy and Development Direction - The company is focused on capitalizing on the AI opportunity, with a goal of $50 billion in AI revenue for FY 2027, reflecting a 100% year-over-year growth [21][22] - The strategy includes maintaining pricing discipline and transitioning to Dell IP storage to enhance margins [22][23] - The company aims to modernize its operating model with AI, simplifying and automating processes to drive efficiency [23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business's ability to generate strong cash flow and maintain profitability despite rising input costs [20][54] - The company anticipates continued strong demand for AI solutions and is well-positioned to meet customer needs [21][22] - Management highlighted the importance of agility in navigating supply chain challenges and maintaining operational efficiency [13][70] Other Important Information - The company returned $7.5 billion to shareholders in FY 2026, including repurchasing 54 million shares, more than double the previous year [5][19] - The board approved a 20% increase in the annual dividend to $2.52 per share, reflecting confidence in future cash generation [19][20] Q&A Session Summary Question: Follow-up on AI servers performance - Management noted extraordinary demand with $34 billion in orders and a growing five-quarter pipeline across all customer types [31] Question: Profitability of AI servers and impact of rising memory prices - Management confirmed maintaining mid-single-digit operating margins for AI servers and discussed pricing strategies to stabilize margins in traditional servers and CSG [36][38] Question: Growth in traditional servers and AI workloads - Management indicated strong demand for traditional servers, with significant efficiencies gained from upgrading older technology [44] Question: Expectations for cash flow in FY 2027 - Management expects strong cash flow performance, maintaining commitments to shareholders with a focus on returning capital [54][55] Question: Memory price inflation assumptions for FY 2027 - Management discussed the expected inflation in memory prices and the strategies implemented to protect profitability [66][70] Question: Breakdown of AI order backlog - Management clarified that the $43 billion backlog is predominantly from Grace Blackwell, with no Vera Rubin included [93]

Financial Data and Key Metrics Changes - For FY 2026, the company achieved record revenue of $113.5 billion, a 19% increase year-over-year, and EPS grew 27% to $10.30 [5][25] - Q4 revenue reached $33.4 billion, up 39%, with EPS at $3.89, reflecting a 45% increase [6][15] - Operating income grew 32% to $3.5 billion, representing 10.6% of revenue, driven by higher revenue [16] - Net income increased 36% to $2.6 billion, primarily due to stronger operating income [16] Business Line Data and Key Metrics Changes - ISG revenue was a record $19.6 billion, up 73%, marking eight consecutive quarters of double-digit growth [16] - AI server orders reached $34.1 billion in Q4, with shipments of $9.5 billion and a backlog of $43 billion [7][16] - Traditional server revenue was $5.9 billion, up 27%, with demand significantly outpacing supply [17] - Storage revenue was $4.8 billion, up 2%, with strong demand across the Dell IP portfolio [17] Market Data and Key Metrics Changes - The company gained share in the PC business and saw strong margins in traditional servers and storage [5][6] - CSG revenue grew 14% to $13.5 billion, with commercial revenue up 16% [18] - Consumer revenue was roughly flat at $1.9 billion, supported by strength in gaming [18] Company Strategy and Development Direction - The company is focusing on AI opportunities, with a goal of $50 billion in AI revenue for FY 2027, reflecting about 100% growth year-over-year [21] - The strategy includes maintaining pricing discipline and transitioning to Dell IP storage to enhance margins [22] - The company aims to modernize its operating model with AI, simplifying and automating processes [23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business's ability to generate strong cash flow and maintain profitability despite rising input costs [20][22] - The operating environment remains dynamic, with unprecedented AI demand creating supply tightness [11][12] - The company anticipates continued strong demand for AI solutions and is well-positioned to capitalize on this trend [5][21] Other Important Information - The company returned $7.5 billion to shareholders in FY 2026, including repurchasing 54 million shares [19][25] - The board approved a $10 billion increase in share repurchase authorization, reflecting confidence in the business [20] Q&A Session Summary Question: Follow-up on AI servers performance - Management highlighted extraordinary demand with $34 billion in orders and a growing five-quarter pipeline across all customer types [31] Question: Profitability of AI servers and impact of rising memory prices - Management maintained mid-single-digit operating margins for AI servers and noted stable profitability in traditional servers despite rising input costs [36][38] Question: Growth in traditional servers and AI workloads - Management confirmed strong double-digit growth in traditional servers, with AI workloads increasingly being deployed on x86 platforms [44][46] Question: Expectations for cash flow in FY 2027 - Management expects strong cash flow, maintaining commitments to return capital to shareholders [54][55] Question: Customer purchasing behavior amid price increases - Management observed a shift in customer behavior, with increased urgency to secure supply amid rising costs [84][87] Question: Breakdown of AI order backlog - The $43 billion backlog is predominantly from Grace Blackwell, with no Vera Rubin orders included [93]

Financial Data and Key Metrics Changes - For FY 2026, the company achieved record revenue of $113.5 billion, a 19% increase year-over-year, and EPS grew 27% to $10.30 [4][24] - Q4 revenue reached $33.4 billion, up 39%, with EPS increasing 45% to $3.89, driven by demand for AI solutions [5][15] - Operating income grew 32% to $3.5 billion, representing 10.6% of revenue, while net income rose 36% to $2.6 billion [16] Business Line Data and Key Metrics Changes - ISG revenue was a record $19.6 billion, up 73%, marking eight consecutive quarters of double-digit growth [16] - AI server orders in Q4 totaled $34.1 billion, with shipments of $9.5 billion and an ending backlog of $43 billion [6][17] - Traditional server revenue was $5.9 billion, up 27%, while storage revenue was $4.8 billion, up 2% [17] Market Data and Key Metrics Changes - The company gained share in the PC business and saw strong margins in traditional servers and storage [4] - CSG revenue grew 14% to $13.5 billion, with commercial revenue up 16% and consumer revenue roughly flat [18] - Demand for traditional servers significantly outpaced supply, with double-digit growth across all regions [8] Company Strategy and Development Direction - The company is focusing on AI opportunities, having closed $64.1 billion in AI orders for FY 26, and is positioning itself for the AI era [4][6] - The strategy includes modernizing traditional server infrastructure and expanding the Dell IP storage portfolio [9][60] - The company plans to maintain pricing discipline while navigating a dynamic supply environment [12][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business's ability to generate strong cash flow and return capital to shareholders, with a focus on durable shareholder value [24] - The outlook for FY 2027 includes expected revenue growth of 23% at the midpoint, driven by AI demand and a strong backlog [21][22] - Management noted that the operating model is designed to adapt quickly to changing market conditions, leveraging lessons learned from previous cycles [12][70] Other Important Information - The company returned $7.5 billion to shareholders in FY 26, including repurchasing 54 million shares [4][19] - The board approved a $10 billion increase in share repurchase authorization and raised the annual dividend by 20% [19] Q&A Session Summary Question: Follow-up on AI servers and memory price impacts - Management confirmed that they maintained mid-single-digit operating margins despite significant order growth and are optimistic about future growth opportunities [28][30] Question: Profitability of AI servers and rising memory prices - Management indicated that they can operate AI servers at mid-single-digit margins and have adjusted pricing strategies to stabilize margins in response to rising input costs [34][36] Question: Traditional servers growth and AI workloads - Management noted that traditional servers are experiencing strong demand, with AI workloads increasingly being deployed on x86 platforms [44][45] Question: Purchasing behavior and price increases - Management observed that customers are reacting to price increases by prioritizing access to supply, leading to some pull-forward behavior in purchasing [81][86] Question: Breakdown of AI order backlog - The $43 billion backlog is predominantly from Grace Blackwell, with no Vera Rubin orders included, and management is focused on converting the five-quarter pipeline into purchase orders [92][95]

戴尔股价涨幅扩大，盘后交易中最新报每股137美元，上涨12.8% 。 来源：滚动播报 ...

The technology company recorded a 39% jump in sales, driven in part by growth in its AI server business, and anticipates growth will continue into the new fiscal year. ...

Group 1 - The company recorded a 39% increase in sales, attributed in part to growth in its AI server business [1] - The company anticipates that growth will continue into the new fiscal year [1]

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

F E B R U A R Y 2 6 , 2 0 2 6 Q4 FY26 Performance Review 1 Copyright © Dell Inc. All Rights Reserved. Disclosures NON-GAAP FINANCIAL MEASURES This presentation includes information about non-GAAP revenue, non-GAAP gross margin, non-GAAP operating expense, non-GAAP operating income, non- GAAP interest and other, net, non-GAAP income tax, non-GAAP net income, non- GAAP net income attributable to Dell Technologies Inc., non-GAAP earnings per share - basic and non-GAAP earnings per share - diluted, as well as a ...

Dell Technologies, Inc. (NYSE:DELL) shares surged in Thursday's extended trading after the company released its fourth-quarter earnings report, beating estimates across the board. Here's a look at the details from the report   DELL stock is moving. Watch the price action here.The Details: Dell reported quarterly earnings of $3.89 per share, which beat the consensus estimate of $3.53 by more than 10%.Quarterly revenue clocked in at $33.38 billion, which beat the Street estimate of $31.73 billion and was up f ...

戴尔(DELL.N)美股盘后涨8%。 本文源自：金融界AI电报 ...