Dell Technologies(US:DELL) Sou Hu Cai Jing·2025-09-02 07:56Core Insights - Dell Technologies reported record revenue of $29.8 billion for Q2 of FY2026, representing a 19% year-over-year increase [4][6] - The company delivered $10 billion in AI solutions in the first half of FY2026, surpassing the total for FY2025, driving a 69% year-over-year growth in server and networking business [4][6] - Operating income for Q2 reached a record $1.8 billion, up 27% year-over-year, with non-GAAP operating income at $2.3 billion, a 10% increase [4][6] Financial Performance - Q2 revenue breakdown: - Infrastructure Solutions Group (ISG) generated $16.8 billion, a 44% increase year-over-year, with server and networking business contributing $12.9 billion, up 69% [7] - Client Solutions Group (CSG) revenue was $12.5 billion, a 1% increase year-over-year, with commercial business at $10.8 billion, up 2% [10] - Q2 diluted earnings per share (EPS) were $1.70, a 38% increase year-over-year, while non-GAAP diluted EPS was $2.32, up 19% [4][6] Guidance - Full-year revenue guidance for FY2026 is projected between $105 billion and $109 billion, with a midpoint of $107 billion, reflecting a 12% year-over-year growth [13] - Q3 revenue guidance is expected to be between $26.5 billion and $27.5 billion, with a midpoint of $27 billion, indicating an 11% year-over-year growth [13] - Full-year GAAP diluted EPS midpoint is expected to be $7.98, a 25% increase, while non-GAAP diluted EPS midpoint is projected at $9.55, a 17% increase [13]