Dell Technologies(US:DELL) Sou Hu Cai Jing·2026-02-27 03:30Core Insights - Dell Technologies reported a record total revenue of $113.5 billion for the fiscal year 2026, representing a 19% year-over-year increase. The fourth quarter revenue reached $33.4 billion, up 39% year-over-year. Notably, revenue from AI-optimized server business surged to $9 billion, marking a 342% increase year-over-year. For fiscal year 2027, AI-optimized server revenue is projected to be around $50 billion, a 103% increase [1][2][3]. Financial Performance - For fiscal year 2026, Dell's non-GAAP diluted earnings per share were $10.30, a 27% increase. The company generated $11.2 billion in operating cash flow [1][3]. - In the fourth quarter, the company returned $2.2 billion to shareholders through stock buybacks and dividends, totaling a record $7.5 billion for the year, with approximately 54 million shares repurchased [1][3]. Business Segment Performance - The Infrastructure Solutions Group (ISG) achieved annual revenue of $60.8 billion, a 40% increase, with operating profit of $7.1 billion, up 27%. In Q4, ISG revenue was $19.6 billion, a 73% increase, and operating profit was $2.9 billion, up 41%. AI-optimized server revenue reached $9 billion, a 342% increase [2][3]. - The Client Solutions Group (CSG) reported annual revenue of $51 billion, a 5% increase, with operating profit of $2.8 billion, down 5%. In Q4, CSG revenue was $13.5 billion, a 14% increase, with commercial customer revenue at $11.6 billion, up 16% [2][3]. Strategic Outlook - The company anticipates exceeding its long-term growth targets in fiscal year 2027, projecting revenue of $140 billion and a 25% increase in earnings per share [3].