Dell Technologies(US:DELL) Sou Hu Cai Jing·2025-08-29 04:16Core Viewpoint - Dell Technologies reported strong financial performance for Q2 FY2026, achieving record revenue and profit growth, driven by robust demand for AI solutions and a significant increase in server and networking business revenue [2][6]. Financial Performance Summary - Q2 FY2026 revenue reached $29.8 billion, a historical high, representing a 19% year-over-year increase [2][6]. - Operating profit for Q2 was $1.8 billion, up 27% year-over-year; non-GAAP operating profit was $2.3 billion, a 10% increase [2][6]. - Diluted earnings per share for Q2 were $1.70, reflecting a 38% year-over-year growth; non-GAAP diluted earnings per share reached a record $2.32, up 19% [2][6]. - Operating cash flow for Q2 was $2.5 billion, with the company returning $1.3 billion to shareholders [2][5]. AI Solutions and Business Growth - In the first half of FY2026, Dell delivered $10 billion in AI solutions, surpassing the total shipments for FY2025, contributing to a 69% growth in server and networking business revenue [2][6]. - The company raised its FY2026 AI server shipment guidance to $20 billion due to strong market demand [2]. Revenue Guidance - For FY2026, total revenue is projected to be between $105 billion and $109 billion, with a midpoint estimate of $107 billion, indicating a 12% year-over-year growth [6][7]. - Q3 FY2026 revenue is expected to be between $26.5 billion and $27.5 billion, with a midpoint of $27 billion, representing an 11% year-over-year increase [7]. Segment Performance - Q2 FY2026 revenue for the server and networking business reached a record $12.9 billion, growing 69% [6]. - Storage business revenue for Q2 was $3.9 billion, down 3% [6]. - Commercial customer business revenue for Q2 was $10.8 billion, up 2%, while consumer business revenue was $1.7 billion, down 7% [6].