Dell Technologies (DELL) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Core Insights - Dell Technologies reported $27.01 billion in revenue for the quarter ended October 2025, marking a year-over-year increase of 10.8% and an EPS of $2.59 compared to $2.15 a year ago, although it fell short of the Zacks Consensus Estimate of $27.27 billion by -0.98% [1] - The company achieved an EPS surprise of +4.44%, with the consensus EPS estimate being $2.48 [1] Financial Performance - Infrastructure Solutions Group net revenue was $14.11 billion, exceeding the average estimate of $13.88 billion, representing a year-over-year change of +24.1% [4] - Client Solutions Group net revenue was $12.48 billion, slightly below the estimated $12.65 billion, with a year-over-year increase of +2.9% [4] - Infrastructure Solutions Group - Storage reported net revenue of $3.98 billion, slightly above the estimate of $3.93 billion, showing a year-over-year decrease of -0.6% [4] - Client Solutions Group - Consumer net revenue was $1.86 billion, surpassing the estimate of $1.83 billion, but reflecting a year-over-year decline of -6.8% [4] - Infrastructure Solutions Group - Servers and Networking achieved net revenue of $10.13 billion, slightly below the estimate of $10.21 billion, with a significant year-over-year increase of +37.5% [4] - Corporate and Other net revenue was $420 million, in line with the estimate of $417.89 million [4] - Client Solutions Group - Commercial net revenue was $10.62 billion, below the estimate of $10.89 billion, with a year-over-year increase of +4.8% [4] - Products net revenue was $21.26 billion, slightly below the estimate of $21.29 billion, reflecting a year-over-year increase of +16.2% [4] - Services net revenue was $5.75 billion, exceeding the estimate of $5.53 billion, but showing a year-over-year decline of -5.4% [4] Operating Income - Client Solutions Group operating income was $748 million, below the average estimate of $825.93 million [4] - Infrastructure Solutions Group operating income was $1.74 billion, exceeding the average estimate of $1.66 billion [4] Stock Performance - Dell Technologies shares have returned -21.6% over the past month, compared to the Zacks S&P 500 composite's -1.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]