Dell Technologies reported earnings per share of $2.68, outpacing Wall Street's $2.53 expectation, but sales fell short at $23.9 billion. Although net profit increased to $1.53 billion from $1.21 billion a year earlier, the company provided a mixed revenue forecast for the current quarter, expecting between $22.5 billion and $23.5 billion. The Infrastructure Solutions Group spurred revenue growth, with a notable 22% increase. However, the overall market remains challenging, particularly in PCs, causing concerns among investors leading to a 2% drop in stock after-hours trading.
Dell Technologies reported quarterly earnings that exceeded expectations, yet fell short in sales and revenue forecasts, leading to a drop in shares after-hours.
Despite a strong net profit increase and earnings per share exceeding analyst expectations, Dell's overall sales and revenue guidance fell short, impacting investor sentiment.
Dell's COO Jeff Clarke highlighted substantial growth in AI server sales, with $10 billion sold in fiscal 2025 and an anticipated rise to $15 billion this year.
Revenue from Dell's Infrastructure Solutions Group rose significantly by 22%, underscoring the strength of its server and storage products amid a lagging PC market.
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