Dell Technologies (DELL) reported $24.37 billion in revenue for the quarter ended October 2024, representing a year-over-year increase of 9.5%. EPS of $2.15 for the same period compares to $1.88 a year ago.The reported revenue represents a surprise of -0.79% over the Zacks Consensus Estimate of $24.56 billion. With the consensus EPS estimate being $2.06, the EPS surprise was +4.37%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wal ...

Dell Technologies (DELL) came out with quarterly earnings of $2.15 per share, beating the Zacks Consensus Estimate of $2.06 per share. This compares to earnings of $1.88 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.37%. A quarter ago, it was expected that this computer and technology services provider would post earnings of $1.74 per share when it actually produced earnings of $1.89, delivering a surprise of 8.62%.Over th ...

Dell (DELL) posted third-quarter revenue that fell short of analysts’ expectations, sending shares lower after the closing bell Tuesday.  The server and personal computer maker delivered revenue of $24.4 billion, a 10% rise year-over-year, and below the analyst consensus from Visible Alpha. Its net income of $1.13 billion or $1.58 per share was up from $1 billion or $1.36 per share a year earlier, beating estimates.  Server and Networking Revenue Climbs on AI Demand Server and networking revenue rose 58 ...

Financial Data and Key Metrics Changes - Revenue for Q3 was $24.4 billion, up 10% year-over-year, driven by strong ISG revenue growth [8][18] - Diluted EPS increased by 14% to $2.15, with cash flow from operations at $1.6 billion [8][20] - Gross margin was $5.4 billion, or 22.3% of revenue, down 140 basis points due to an increase in AI optimized server mix and competitive pricing [18][19] - Operating income rose by 12% to $2.2 billion, representing 9% of revenue [19][20] - Net income increased by 11% to $1.5 billion [20] Business Line Data and Key Metrics Changes - ISG revenue was $11.4 billion, up 34%, with servers and networking revenue up 58% [20] - Storage revenue increased by 4% to $4 billion, with strong demand in PowerStore and PowerFlex [20][21] - CSG revenue decreased by 1% to $12.1 billion, with commercial revenue up 3% and consumer revenue down 18% [22] - CSG operating income was $694 million, or 5.7% of revenue, reflecting a competitive pricing environment [22] Market Data and Key Metrics Changes - Orders demand reached a record $3.6 billion, up 11% sequentially, primarily from Tier 2 cloud service providers [9] - AI server shipments totaled $2.9 billion in Q3, with an AI server backlog of $4.5 billion [9][20] - The 5-quarter pipeline grew more than 50% sequentially, indicating strong demand across all customer types [9][20] Company Strategy and Development Direction - The company is focused on AI and traditional servers, with expectations for continued strength in the server business [27][29] - There is an emphasis on modernization and consolidation in data centers to support AI infrastructure [13][122] - The company aims to balance growth and profitability while managing pricing within a competitive landscape [30] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the upcoming PC refresh cycle and the potential for AI demand to drive growth [15][29] - The IT spending environment is dynamic, with certain areas experiencing faster growth than others [26] - Management anticipates that the enterprise refresh cycle will contribute to growth in both ISG and CSG [29][30] Other Important Information - Cash flow from operations was $1.6 billion, with a cash conversion cycle of negative 38 days [24] - The company ended the quarter with $6.6 billion in cash and investments, up $600 million sequentially [25] - The company has returned $9.8 billion to shareholders through stock repurchases and dividends since the start of FY 2023 [25] Q&A Session Summary Question: ISG margins performance - Management noted that ISG revenue grew 34% year-over-year, with operating income up 41%, driven by higher revenue and lower operating expenses [36][39] Question: Changes in annual guidance - Management explained that the PC refresh cycle is moving out, impacting guidance, along with unpredictability in AI shipments [42][45] Question: AI server dynamics and backlog - Management confirmed that the AI pipeline grew significantly, with a shift towards Blackwell design impacting Q4 shipments [48][52] Question: Federal spending impact - Management indicated strong demand in the federal vertical, with opportunities for growth in traditional servers and storage [55][58] Question: Untapped storage and services opportunity - Management highlighted the potential for expanding storage and services beyond individual AI nodes into full rack scale integration [62][63] Question: AI revenue expectations for Q4 - Management expects AI revenues to be somewhat down sequentially in Q4 due to the mix of products and component availability [69][73] Question: Customer concentration in AI backlog - Management reported that over 2,000 enterprise customers have been engaged, with a growing portion of the pipeline coming from enterprise customers [90][92] Question: Storage growth expectations for FY 2026 - Management anticipates growth in the storage marketplace, driven by new solutions and capabilities [84][85]

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 ...

Exhibit 99.1 D&LLTechnologies Dell Technologies Delivers Third Quarter Fiscal 2025 Financial Results News summary • Third quarter revenue of $24.4 billion, up 10% year over year • Infrastructure Solutions Group (ISG) revenue of $11.4 billion, up 34% year over year, with servers and networking revenue of $7.4 billion, up 58% • Client Solutions Group (CSG) revenue of $12.1 billion, down 1% year over year, with commercial client revenue up 3% at $10.1 billion • Diluted earnings per share of $1.58, up 16% year ...

Michael Dell, chairman and chief executive officer of Dell Inc., speaks during the Dell Technologies World conference in Las Vegas, Nevada, US, on Monday, May 20, 2024.Dell Technologies reported quarterly earnings on Tuesday that beat analyst expectations for earnings per share but came up light on overall revenue. Shares fell 5% in after-hours trading.Here's how Dell did for the fiscal third quarter versus LSEG consensus estimates for the quarter ending Nov. 1:Earnings per share: $2.15 adjusted versus $2.0 ...

News summary Third quarter revenue of $24.4 billion, up 10% year over year Infrastructure Solutions Group (ISG) revenue of $11.4 billion, up 34% year over year, with servers and networking revenue of $7.4 billion, up 58% Client Solutions Group (CSG) revenue of $12.1 billion, down 1% year over year, with commercial client revenue up 3% at $10.1 billion Diluted earnings per share of $1.58, up 16% year over year, and non-GAAP diluted earnings per share of $2.15, up 14%ROUND ROCK, Texas, Nov. 26, 2024 /PRNewswi ...

Dell Technologies Inc (NYSE:DELL) is slated to take to the earnings confessional after the close today, where the chip giant will report third-quarter results. According to Seeking Alpha, the consensus earnings per share estimate of $2.06 is a 9.6% year-over-year increase, while the average revenue estimate of $27.72 billion represents a 10.9% increase over the last 12 months.The company could see a big boost from Coreweave and Elon Musk's xAI, both of which said they use the Dell Technologies' hardware for ...

Dell Technologies Inc DELL will be reporting its third-quarter earnings on Tuesday. Wall Street expects $2.05 in EPS and $24.65 billion in revenues as the company reports after market hours.The stock is up 93.61% over the past year, 19.48% over the past month.Let’s look at what the charts indicate for Dell stock and how the stock currently maps against Wall Street estimates.Read Also: How To Earn $500 A Month From Dell Stock Ahead Of Q3 EarningsDell Technical Setup Ahead Of Q3 Earnings Dell stock is showcas ...