Dell Technologies (NYSE:DELL) Earnings Call Presentation

AI & Market Growth - AI is driving GDP growth, with approximately 45% of US GDP growth attributed to AI Capex [7] - AI is projected to contribute $15 trillion to global GDP [7] - The amount of data produced is expected to increase significantly, from 173 ZB in 2024 to 527 ZB by 2029 [7] - Projected AI capex investment is expected to be over $400 billion in 2025 [17] - The projected AI hardware and services opportunity is $310 billion in 2027 [17] Dell's Financial Performance & Strategy - Dell has achieved a 14% diluted EPS growth CAGR since FY21 [15] - Dell has generated approximately $4.9 billion in average annual adjusted free cash flow over the last 55 years [15] - Dell has returned $145 billion in capital since FY23 [15] - Dell's long-term financial framework targets 7-9% revenue growth and 15%+ diluted EPS growth [66, 68] - Dell is targeting to grow the dividend at 10% or better annually through FY30 [80, 82]