Dell Technologies (DELL) Q2 2026 Earnings Call August 28, 2025 04:30 PM ET Company ParticipantsPaul Frantz - VP - IRJeff Clarke - Vice Chairman and Chief Operating OfficerYvonne McGill - CFOErik Woodring - MD - Equity ResearchBen Reitzes - MD & Head - Technology ResearchVijay Rakesh - Managing DirectorDavid Vogt - Managing DirectorAmit Daryanani - Senior MD - Equity ResearchMichael Ng - MD - Global Investment ResearchSimon Leopold - Managing DirectorAsiya Merchant - Technology Equity ResearchKrish Sankar - ...

Financial Data and Key Metrics Changes - The company reported record revenue of $29.8 billion, up 19% year-over-year [6][17] - Earnings per share (EPS) increased by 19% to $2.32, marking a Q2 record [6][19] - Operating expenses decreased by 4% to $3.3 billion, representing 11% of revenue [18] - Net income rose by 13% to $1.6 billion, driven by stronger operating income [19] Business Line Data and Key Metrics Changes - Infrastructure Solutions Group (ISG) revenue reached a record $16.8 billion, up 44%, with servers and networking revenue up 69% [19][20] - Client Solutions Group (CSG) revenue increased by 1% to $12.5 billion, with commercial revenue up 2% and consumer revenue down 7% [22] - PowerStore saw double-digit growth for six consecutive quarters, with 46% of buyers being new customers [12][20] Market Data and Key Metrics Changes - Strong demand for AI servers continued, with $5.6 billion in orders booked and $8.2 billion shipped in Q2 [7][20] - International markets showed growth, while North America experienced weakness [11][19] - The company noted a significant opportunity as over 70% of the installed base is running on older server generations [11] Company Strategy and Development Direction - The company is focused on driving revenue growth and share gains while maintaining profitability [29] - Continued investment in AI solutions is a key differentiator, with expectations for AI hardware and services market to double by 2028 [16] - The company aims to improve execution in the PC market, particularly with the upcoming Windows 10 end of life [14][116] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth and value creation opportunities ahead, particularly in AI and enterprise sectors [30][98] - The company expects profitability to improve in the second half of the year across ISG and CSG, especially within AI servers [25][28] - Management acknowledged challenges in the storage market but remains confident in outperforming the market with their Dell IP portfolio [50][72] Other Important Information - The company returned $1.3 billion to shareholders through stock repurchases and dividends [24] - Full-year revenue guidance was raised to between $105 billion and $109 billion, with a midpoint of $107 billion, reflecting a 12% increase [27][28] Q&A Session Summary Question: AI server guidance and capacity - Management raised AI server shipment guidance to $20 billion, indicating strong demand and capacity to meet it [33][37] Question: Profitability improvements in the second half - Management expects improved profitability driven by seasonal acceleration in storage and better execution in CSG [40][42] Question: Storage market performance - Management noted slower demand in large accounts, particularly in North America, impacting storage revenue [47][50] Question: AI server margins - Management indicated that margins for AI servers are expected to improve due to a better business mix and reduced one-time costs [54][66] Question: Pipeline and sovereign orders - The pipeline for AI servers includes a mix of sovereign and enterprise orders, with strong growth in both segments [64][66] Question: Supply chain dynamics - Management discussed deflationary pressures in input costs and the expectation of stable supply chain conditions moving forward [130][132]

Core Insights - HP Inc. reported third-quarter earnings for fiscal year 2025, with net revenue of $13.9 billion, representing a year-over-year increase of 3.1% [1] - The GAAP diluted net earnings per share were $0.80, up from $0.65 in the same period last year [1] - For the fourth quarter of fiscal year 2025, HP expects GAAP diluted net earnings per share to be between $0.75 and $0.85 [1]

Core Insights - HP reported revenue of $13.93 billion for the quarter ended July 2025, a year-over-year increase of 3.1%, with EPS of $0.75 compared to $0.83 a year ago, falling short of the Zacks Consensus Estimate of $13.96 billion by -0.19% [1] Financial Performance - The stock has returned +5.2% over the past month, outperforming the Zacks S&P 500 composite's +1.3% change, and currently holds a Zacks Rank 3 (Hold) [3] Key Metrics - Days in accounts payable: 138 days, above the average estimate of 133 days - Days of sales outstanding in accounts receivable: 33 days, slightly above the average estimate of 32 days - Days of supply in inventory: 68 days, in line with the average estimate of 69 days [4] Personal Systems Revenue - Net revenue from Commercial Personal Systems: $7.04 billion, below the average estimate of $7.11 billion, representing a +5.4% change year-over-year - Net revenue from Consumer Personal Systems: $2.9 billion, slightly above the average estimate of $2.89 billion, with a +7.5% year-over-year change - Total Net revenue from Personal Systems: $9.93 billion, below the average estimate of $10 billion, with a +6% year-over-year change [4] Printing Revenue - Net revenue from Printing Supplies: $2.6 billion, above the average estimate of $2.58 billion, but a -3.7% change year-over-year - Net revenue from Commercial Printing: $1.11 billion, slightly above the average estimate of $1.1 billion, with a -3% year-over-year change - Net revenue from Consumer Printing: $269 million, below the average estimate of $275.02 million, representing an -8.2% year-over-year change - Total Net revenue from Printing: $3.99 billion, above the average estimate of $3.95 billion, with a -3.8% year-over-year change [4] Earnings from Operations - Earnings from operations in Personal Systems: $541 million, above the average estimate of $529.65 million - Earnings from operations in Corporate Investments: -$32 million, significantly better than the average estimate of -$124.78 million [4]

HP (HPQ) Q3 2025 Earnings Call August 27, 2025 04:30 PM ET Speaker0Good day, everyone, and welcome to the Third Quarter twenty twenty five HP Inc. Earnings Conference Call. My name is Krista, and I'll be your conference moderator for today's call. At this time, all participants will be in a listen only mode. We will be facilitating a question and answer session towards the end of the conference.As a reminder, this conference is being recorded for replay purposes. I would now like to turn the conference over ...

This presentation contains forward-looking statements based on current expectations and assumptions that involve risks and uncertainties. If the risks or uncertainties ever materialize or the assumptions prove incorrect, they could affect the business and results of operations of HP Inc. and its consolidated subsidiaries ("HP") which may differ materially from those expressed orimplied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements ...

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Super Micro Computer Inc SMCI is trading in the shadows of Nvidia Corp's NVDA blockbuster earnings event, but investors are asking if this week could finally snap it out of its slump. Shares currently sit just above $44, down a bruising 27% over the past month and more than 22% over the past year—a sharp contrast to Nvidia, whose results on Wednesday could be the tide that lifts AI-adjacent boats.Track NVDA stock here.Chart created using Benzinga ProChart Check: In The Green ZoneTechnicians are eyeing SMCI' ...

This stock is one of the few affordable ways to bet on AI tech.Three years ago, OpenAI's ChatGPT introduced generative AI to the world. The technology has since grown to underpin a multi-billion-dollar industry, making chipmaker Nvidia the world's most valuable company. That said, investors now face the challenges of finding overlooked AI stocks that haven't been caught up in the hype. Let's discuss three reasons why Super Micro Computer (SMCI 0.46%) could be a good long-term pick. 1. The AI hardware opport ...

Dell Technologies Inc. (NYSE: DELL ) is set to report Q2 ’26 earnings on August 28, 2025 after the market close, with positive analyst expectations towards the upper end of the guidance range. AnalystsMonte Independent Investment Research: Michael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services working across industries that include O&G, OFS, Midstream, Industrials, I ...