Dell Technologies Inc. (NYSE:DELL) Citi 2024 Global TMT Results Conference September 4, 2024 11:40 AM ET Company Participants Michael Dell - Chairman & CEO Conference Call Participants Asiya Merchant - Citi Philip Drury - Citi Philip Drury Well, look, it's a great pleasure to warmly welcome all of you to our Citi Global Tech Media Telecom Conference 2024. My name is Philip Drury, I'm the Global Head of TMT Investment Banking at Citi. This is the first time we're bringing together both corporates and investo ...

quantic69 Dell (NY SE:DELL) reported better than expected earnings for its second fiscal quarter last week that were driven by strong demand for Al-oriented servers. As a hardware maker, Dell benefits from increased demand for artificial intelligence-capable IT products, which has resulted in high-single digit top line growth in the last quarter. Dell also raised its guidance for FY 2025 amid strong business tailwinds, especially in the Infrastructure Solutions Group. In my opinion, Dell is a tech dinosaur ...

The company continues to see AI-fueled growth even as its two other segments are beginning to turn around. One "old tech" stock that has emerged as a genuine artificial intelligence player this year is Dell Technologies (DELL -4.13%). Dell, of course, started as a personal computer giant, after founder Michael Dell began constructing PCs out of his dorm room and selling them directly to consumers. Fast-forward to today, and Dell has become one of the biggest enterprise and personal computer vendors, as well ...

As the stock market enters September, a weak month due to the sector and profit rotation, known as the "September Effect," investment opportunities remain plenty, especially with a much anticipated Federal Reserve interest rate cut on September 18. This cut could kickstart an interest rate-cutting cycle and bring elevated gains to the stock market. Considering these factors, Finbold decided to analyze the stock market for ample opportunities, with companies whose stocks are rated as a "strong buy" and which ...

Gerville/iStock via Getty Images The race to corner the artificial intelligence (AI) market is on. Hyperscalers like Alphabet (GOOG)(GOOGL), Meta (META), Amazon (AMZN), Microsoft (MSFT), and Elon Musk's xAI are spending billions, while companies across the globe are leveraging generative AI, robotic process automation, and machine learning to improve efficiency in a super-competitive business world. Musk believes AI will make the gigantic leap from generative (creating content or accomplishing tasks using m ...

Dell Technologies NYSE: DELL has rallied this year as the legacy personal computer firm has been transitioning its business toward the fast-growing AI space. Shares have provided a total return of nearly 50% this year, greatly outperforming the market and the technology sector. The Technology Select Sector SPDR Fund NYSEARCA: XLK has returned just 15% in 2024. Get Dell Technologies alerts: Dell: Changing Where its Bread is Buttered Dell breaks its business down into two operating segments: its Infrastructur ...

Dell Technologies Inc. DELL shares are trading higher after the company reported better-than-expected second-quarter financial results yesterday. Dell reported revenue of $25.03 billion, beating the consensus estimate of $24.14 billion, and adjusted earnings of $1.89 per share, beating analyst estimates of $1.71 per share, according to Benzinga Pro. In the conference call, the company stated that it expects solid top-line growth in the second half of the year. Dell expects adjusted EPS of $1.90 – $2.10 (vs. ...

Core Insights - Dell Technologies reported non-GAAP earnings of $1.89 per share for Q2 fiscal 2025, exceeding the Zacks Consensus Estimate by 8.62% and showing a 9% year-over-year increase [1] - Non-GAAP revenues rose 9% year-over-year to $25 billion, surpassing the consensus mark by 3.03%, driven by strong performance in AI servers and a recovery in the commercial PC sector [1][2] Financial Performance - Product revenues increased 12% year-over-year to $18.9 billion, beating the Zacks Consensus Estimate by 6.41% [3] - Services revenues grew 1% year-over-year to $6.07 billion, falling short of the Zacks Consensus Estimate by 2.97% [3] - Infrastructure Solutions Group (ISG) revenues surged 38% year-over-year to $11.6 billion [3] Segment Analysis - Servers and networking revenues reached $7.6 billion, an 80% year-over-year growth, driven by demand in AI and traditional servers [4] - Storage revenues declined 5% year-over-year to $3.9 billion [4] - AI server orders increased by $3.2 billion, with $3.1 billion worth of AI servers shipped in Q2 [5] Operating Metrics - Non-GAAP gross profit decreased 1% year-over-year to $5.46 billion, with a gross margin contraction of 230 basis points to 21.8% [6] - SG&A expenses fell 6.3% year-over-year to $2.74 billion, while R&D expenses rose 9.1% to $682 million [6] - Non-GAAP operating income was $2.03 billion, up 3% year-over-year, with an operating margin contraction of 50 basis points to 8.1% [7] Balance Sheet and Cash Flow - As of August 2, 2024, Dell had $4.55 billion in cash and cash equivalents, down from $5.83 billion on May 3, 2024 [8] - Total debt decreased to $24.5 billion from $25 billion during the same period [8] - The company generated $1.3 billion in cash flow from operations and $1.28 billion in adjusted free cash flow for Q2 [8] Shareholder Returns - Dell returned $712 million to shareholders through share repurchases and paid $316 million in dividends, totaling $1 billion in capital returns [9] Fiscal 2025 Guidance - For Q3 fiscal 2025, revenues are projected between $24 billion and $25 billion, reflecting a 10% growth [10] - For the full fiscal 2025, revenues are expected between $95.5 billion and $98.5 billion, with a midpoint of $97 billion, also indicating a 10% growth [11] - Earnings are anticipated to be $7.80 per share, up 9% at the midpoint [11]

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 ...

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 ...