Start Time: 16:30 January 1, 0000 5:32 PM ET Dell Technologies Inc. Q1 2025 Earnings Conference Call May 30, 2024, 16:30 PM ET Company Participants Jeff Clarke - Vice Chairman and COO Yvonne McGill - CFO Tyler Johnson - Senior VP and Treasurer Rob Williams - Director, IR Conference Call Participants Krish Sankar - TD Cowen Toni Sacconaghi - Bernstein Ben Reitzes - Melius Research Erik Woodring - Morgan Stanley Wamsi Mohan - Bank of America Michael Ng - Goldman Sachs Amit Daryanani - Evercore Simon Leopold - ...

For the quarter ended April 2024, Dell Technologies (DELL) reported revenue of $22.24 billion, up 6.3% over the same period last year. EPS came in at $1.27, compared to $1.31 in the year-ago quarter. The reported revenue represents a surprise of +2.50% over the Zacks Consensus Estimate of $21.7 billion. With the consensus EPS estimate being $1.25, the EPS surprise was +1.60%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stre ...

After Dell Technologies (DELL) reported fiscal first-quarter revenue and earnings that beat analysts' estimates, executives joined the company's earnings call to discuss Dell's guidance, margins, artificial intelligence (AI) server backlog, and AI opportunities. Full-Year Outlook Raised, Q2 Guidance Tops Analysts' Estimates On the call, Dell provided guidance for the second quarter, the full 2025 fiscal year, and the infrastructure solution group (ISG) segment. CFO Yvonne McGill said Dell expects second-qua ...

Dell Technologies (DELL) came out with quarterly earnings of $1.27 per share, beating the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $1.31 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.60%. A quarter ago, it was expected that this computer and technology services provider would post earnings of $1.73 per share when it actually produced earnings of $2.20, delivering a surprise of 27.17%. Over ...

Key Takeaways Dell Technologies reported first-quarter revenue and earnings that beat analysts' estimates. Surging demand for artificial intelligence servers helped, boosting Dell's servers and networking revenue to a record high. However, Dell's operating income declined 14% from the same period the previous year. Shares of Dell dropped over 17% in extended trading Thursday following the release, as the company's results failed to impress. Dell Technologies (DELL) reported first-quarter revenue and earning ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

Michael Dell, Chairman and CEO of Dell Technologies, is speaking at the Mobile World Congress 2024 in Barcelona, Spain, on February 27, 2024. Dell reported first-quarter earnings on Thursday that beat analyst estimates for earnings and sales, as the company has emerged as one of the top vendors for AI servers. Shares fell about 12% in extended trading. When the company reported earnings in February, it reported earnings per share that were significantly higher than expectations. This quarter, Dell's earning ...

Financial Performance - Dell Technologies reported first quarter fiscal 2025 revenue of $22.2 billion, representing a 6% increase year over year[2]. - Operating income decreased by 14% to $920 million, while non-GAAP operating income fell 8% to $1.5 billion[2][5]. - Total consolidated net revenue for the three months ended May 3, 2024, was $22,244 million, representing a 6% increase compared to $20,922 million for the same period in 2023[39]. - Net income for the three months ended May 3, 2024, was $955 million, a 65% increase from $578 million in the same period last year[39]. - Non-GAAP operating income decreased by 8% to $1,474 million, with a non-GAAP operating margin of 6.6% compared to 7.6% in the prior year[39]. Revenue Breakdown - The Infrastructure Solutions Group (ISG) generated $9.2 billion in revenue, up 22% year over year, with servers and networking revenue reaching a record $5.5 billion, up 42%[4][6]. - Client Solutions Group (CSG) revenue remained flat at $12.0 billion, with commercial client revenue increasing by 3% to $10.2 billion, while consumer revenue declined by 15% to $1.8 billion[4][7]. - Infrastructure Solutions Group (ISG) net revenue increased by 22% to $9,227 million, driven by a 42% increase in servers and networking revenue[29]. - Client Solutions Group (CSG) net revenue remained stable at $11,967 million, with commercial revenue increasing by 3% while consumer revenue decreased by 15%[29]. Earnings and Shareholder Returns - Diluted earnings per share increased by 67% to $1.32, while non-GAAP diluted earnings per share decreased by 3% to $1.27[4][5]. - Dell returned $1.1 billion to shareholders through share repurchases and dividends, ending the quarter with $7.3 billion in cash and investments[3]. - The company repurchased $700 million of common stock during the quarter, compared to $240 million in the same period last year[26]. - Non-GAAP earnings per share (diluted) was $1.27, a decrease of 3% from $1.31 in the prior year[39]. Cash Flow and Assets - Dell's cash flow from operations for the last 12 months was $7.9 billion, demonstrating strong cash generation capabilities[3]. - Cash flows from operating activities generated $1,043 million, down from $1,777 million in the previous year[26]. - Total current assets decreased to $34,627 million from $35,947 million, primarily due to a reduction in cash and cash equivalents[24]. - Total liabilities decreased to $82,913 million from $84,398 million, reflecting a reduction in current liabilities[24]. - Free cash flow declined to $457 million, representing a 58% decrease compared to $1,079 million in the same period last year[48]. - Adjusted free cash flow was $623 million, a 9% decrease from $687 million year-over-year[48]. - Capital expenditures and capitalized software development costs netted at $(586) million, down from $(698) million[48]. AI and Innovation - AI-optimized server orders increased sequentially to $2.6 billion, with shipments up more than 100% to $1.7 billion and backlog growing more than 30% to $3.8 billion[8]. - The Dell AI Factory was introduced, combining infrastructure and solutions optimized for AI workloads with partners like NVIDIA and Microsoft[9]. - New AI PCs, Copilot+ powered by Qualcomm Snapdragon processors, were launched, enhancing battery life and AI performance[9]. Other Financial Metrics - Cash flow from operations decreased to $1,043 million, down 41% from $1,777 million year-over-year[48]. - Financing receivables showed a positive impact of $165 million, contrasting with a negative impact of $(367) million in the previous year[49]. - Equipment under operating leases recorded a net change of $1 million, compared to a decrease of $(25) million previously[49].

News summary First quarter revenue of $22.2 billion, up 6% year over year Infrastructure Solutions Group (ISG) revenue of $9.2 billion, up 22% year over year, with record servers and networking revenue of $5.5 billion, up 42% Client Solutions Group (CSG) revenue of $12.0 billion, flat year over year, with commercial client revenue at $10.2 billion, up 3% Diluted earnings per share of $1.32, up 67% year over year, and non-GAAP diluted earnings per share of $1.27, down 3% ROUND ROCK, Texas, May 30, 2024 /PRNe ...

Across the last 12 months, the blue-chip chipmaker and semiconductor giant Nvidia (NASDAQ: NVDA) has been drawing a lot of attention – and generating a lot of enthusiasm – thanks to its incredible growth and pivotal role in the ongoing artificial intelligence (AI) boom. Still, while it would be both inaccurate and unfair to say that NVDA's star is waning, it has been far from the only technology company to have generated exceptional returns in the stock market, and one prominent computer company – Dell (NYS ...