BREAKING: Market Rallies Into HolidayDell Technologies (DELL) beat expectations for its October quarter but offered sales slightly below estimates. Dell stock rose in late trades.The Round Rock, Texas-based computer maker earned an adjusted $2.59 per share on sales of $27 billion in the quarter ended Oct. 31. Analysts polled by FactSet had expected Dell to earn $2.47 per share on sales of $27.2 billion. On a year-over-year basis, Dell's sales increased 11% while earnings rose 17%.For the current quarter, it ...

Group 1: HP Inc. Developments - HP Inc. is planning to cut between 4,000 and 6,000 jobs through fiscal year 2028 as part of a significant restructuring effort [2][7] - The company issued a weaker-than-expected profit outlook, projecting full-year earnings of $2.90 to $3.20 per share, which falls short of analyst estimates [2][7] - The challenging forecast is attributed to rising memory-chip costs, and HP aims to leverage AI tools to achieve $1 billion in annual savings [2][7] Group 2: Dell Technologies Performance - Dell Technologies has significantly increased its annual forecast for AI server shipments to $25 billion, driven by strong demand from data centers [3][7] - The company reported a strong third-quarter performance that positively impacted its share price, highlighting the contrasting fortunes between Dell and HP [3][7] Group 3: Market Trends - Financial markets are increasingly anticipating a Federal Reserve interest rate cut in December, with traders actively engaging in Fed futures [4][7] - This sentiment indicates a potential shift in monetary policy that could affect economic growth and asset valuations [4][7] Group 4: General Motors Executive Departure - General Motors announced the departure of Senior Vice President Baris Cetinok, which may indicate internal shifts or strategic realignments within the company [5][7]

Group 1 - The Q3 earnings season for S&P 500 companies is showing positive results, with 95% of companies having reported by November 21, and an expected 13.4% increase in earnings per share [2] - This anticipated growth would represent the fourth consecutive quarter of double-digit earnings growth, accelerating from the 12% growth rate reported in Q2 [2] - Initial expectations for Q3 were lower, with analysts predicting only a 7.9% increase in earnings per share as of September 30 [3] Group 2 - Upcoming earnings reports from companies such as Abercrombie & Fitch, Dick's Sporting Goods, and Burlington Stores will provide insights into consumer sentiment and purchasing behavior [4] - Additional reports from technology and other sectors are expected from companies like Zoom, Dell, Workday, HP Inc., Deere, and Pony AI [4]

The server maker says it's broadening its AI business to include more from neocloud, sovereign and enterprise customers ...

Mehdi Hosseini, Susquehanna International Group senior equity research analyst, says he is remaining neutral on Dell after the company raised its annual projections for the key artificial intelligence server market. He speaks on "Bloomberg The Close." ...

Core Viewpoint - The technology company based in Round Rock, Texas, has raised its full-year revenue guidance to a range of $111.2 billion to $112.2 billion, an increase from the previous estimate of $105 billion to $109 billion [1] Financial Performance - The revised revenue forecast indicates a positive outlook for the company's financial performance, reflecting an increase in expected revenue by approximately $6.2 billion to $7.2 billion compared to earlier estimates [1]

N O V E M B E R 2 5 , 2 0 2 5 Q3 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 raised its annual projections for the key artificial intelligence server market, a sign of sustained demand for the type of machines needed in the current data center boom. https://t.co/ug68yOcEvi ...

Group 1 - Dell Technologies expects full-year revenue to be between $111.2 billion and $112.2 billion, an increase from the previous estimate of $105 billion to $109 billion [1] - The company anticipates AI server shipments to reach $25.8 billion, surpassing analyst expectations of $20.82 billion and its own prior forecast of $20 billion [1]

Financial Performance - Record Q3 revenue of $27 billion, up 11% year over year, with record Q3 profitability and strong cash generation [2] - Full-year FY26 revenue expected between $111.2 billion and $112.2 billion, representing a 17% increase year over year [6] - Operating income for Q3 was $2.119 billion, up 23% year over year [7] - Total net revenue for the three months ended October 31, 2025, was $27,005 million, representing an 11% increase compared to $24,366 million for the same period in 2024 [21] - Total consolidated net revenue for the three months ended October 31, 2025, was $27,005 million, an increase of 11% compared to $24,366 million for the same period in 2024 [30] - Infrastructure Solutions Group (ISG) net revenue reached $14,107 million, a 24% increase from $11,368 million year-over-year [30] - Client Solutions Group (CSG) total net revenue was $12,478 million, reflecting a 3% increase from $12,131 million in the prior year [30] Earnings and EPS - GAAP diluted EPS expected to be $8.38 at the midpoint, up 31% year over year, and non-GAAP diluted EPS to be $9.92, up 22% [6] - Non-GAAP diluted EPS for Q3 was $2.59, an increase of 17% year over year [7] - Earnings per share attributable to Dell Technologies Inc. increased by 39% to $2.28 for the three months ended October 31, 2025, and by 26% to $5.34 for the nine months ended [46] - Non-GAAP earnings per share attributable to Dell Technologies Inc. is projected to be $3.50 for the three months ending January 30, 2026, and $9.92 for the fiscal year ending January 30, 2026 [53] Cash Flow and Returns - Capital return to shareholders in Q3 amounted to $1.6 billion, with a total of $5.3 billion returned year to date [3] - Free cash flow decreased by 45% to $506 million for the three months ended October 31, 2025, but increased by 122% to $4.602 billion for the nine months ended [50] - Adjusted free cash flow rose by 133% to $1.67 billion for the three months ended October 31, 2025, and by 145% to $6.42 billion for the nine months ended [50] - Cash flow from operations decreased by 25% to $1.172 billion for the three months ended October 31, 2025, while it increased by 65% to $6.511 billion for the nine months ended [50] Orders and Shipments - AI shipment guidance raised to approximately $25 billion, reflecting over 150% year-over-year growth [2] - Record AI server orders of $12.3 billion in Q3, with total orders year to date reaching $30 billion [2] Expenses and Margins - The gross margin for the three months ended October 31, 2025, was 20.7%, down from 22.0% in the same period last year [21] - Research and development expenses increased by 1% to $752 million for the three months ended October 31, 2025 [21] - Non-GAAP gross margin for the three months ended October 31, 2025, was $5,686 million, a 4% increase from $5,490 million in the same quarter of 2024 [38] - Non-GAAP operating income for the three months ended October 31, 2025, was $2,503 million, an 11% increase from $2,252 million year-over-year [38] - Non-GAAP net income for the three months ended October 31, 2025, was $1,762 million, reflecting an 11% increase from $1,583 million in the prior year [38] Assets and Liabilities - Total assets increased to $87,479 million as of October 31, 2025, up from $79,746 million as of January 31, 2025 [23] - Total liabilities rose to $90,099 million as of October 31, 2025, compared to $81,133 million as of January 31, 2025 [23] Interest and Other Expenses - The company reported a 36% decrease in interest and other net expenses, totaling $(178) million for the three months ended October 31, 2025, compared to $(276) million in the same period last year [21]