Dell Technologies(US:DELL)2025-05-29 20:28Q1 FY26 Financial Performance - Dell Technologies' revenue reached $23.4 billion, a 5% year-over-year increase, driven by growth across core markets[10] - The diluted EPS was $1.37, flat year-over-year, while the non-GAAP diluted EPS was $1.55, a 17% year-over-year increase[10] - Dell Technologies generated a Q1 record of $2.8 billion in cash flow from operations[10] - The company returned $2.4 billion of capital to shareholders, including $2.0 billion in share repurchases and $396 million in dividends[10] AI and ISG Highlights - AI-optimized server orders demand exceeded $12 billion, surpassing all of FY25's shipments, with a $14.4 billion AI backlog exiting Q1[10] - Infrastructure Solutions Group (ISG) revenue increased by 12% year-over-year to $10.3 billion, with operating income up 36% to $998 million[11] - AI server shipments are projected to reach over $15 billion for FY26E[23] Client Solutions Group (CSG) - Client Solutions Group (CSG) revenue increased by 5% year-over-year to $12.5 billion, while operating income decreased by 16% to $653 million[11] - Commercial revenue within CSG increased by 9% to $11.046 billion, while consumer revenue decreased by 19% to $1.463 billion[11] - Dell's Commercial PC Unit Share is 1.6x that of select competitors[40] FY26 Guidance - Dell Technologies expects FY26 revenue to be in the range of $101 billion to $105 billion, with a midpoint of $103 billion, representing 8% growth[16] - The company anticipates non-GAAP diluted EPS for FY26 to be $9.40, plus or minus $0.25, a 15% increase at the midpoint[16]