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Dell Technologies announced its first-quarter earnings, reporting an adjusted EPS of $1.27, surpassing the consensus estimate of $1.26. The company also reported revenue of $22.24 billion, exceeding the expected $21.65 billion. This marks a 6% year-over-year increase. The growth was driven by strong demand for AI-optimized servers, with the Infrastructure Solutions Group (ISG) revenue up 22% year-over-year to $9.2 billion, and servers and networking revenue up 42% year-over-year to $5.5 billion. Despite these positive results, Dell's stock fell by 14% in after-hours trading. Dell's market cap stands at $120.15 billion, with an operating income of $920 million and a diluted EPS of $1.32.
Here we go @DellTech Fiscal Q1. EPS of $1.27 beating expectations of $1.26 Revenue of $22.2B beating expectations of $21.7B. Most should ignore the selling pressure after the announcement. The shares have more than doubled this year and the growth and demand for AI is… https://t.co/41a1PChNrh
$DELL's guidance: - FQ2 revenue of $23.5B-$24.5B and EPS of $1.65 (+/- $0.10) vs. a consensus of $23.36B and EPS of $1.86 - FY25 revenue of $93.5B-$97.5B and EPS of $7.65 (+/- $0.25) vs. a consensus of $94.5B and $7.84 - Gross margin down ~150bps Y/Y Shares -11.8% AH https://t.co/zL0i38c0IT
Dell reports Q1 revenue up 6% YoY to $22.24B, vs. 21.64B est., Client revenue flat YoY at $11.97B, and Infrastructure revenue up 22% YoY to $9.23B (@i_jass / Reuters) https://t.co/eK6YdPbH7V 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/4MZBuV8ToJ