From Nasdaq: 2025-05-30 10:25:00

Dell Technologies reported non-GAAP earnings of $1.55 per share in Q1 fiscal 2026, missing estimates by 9.88%. Revenues increased 5% to $23.38 billion, surpassing expectations by 1.04%. Shares dropped 0.84% after results were announced.

In Q1, product revenues rose 9% to $17.59 billion, while services revenues declined 6% to $5.77 billion. Infrastructure Solutions Group (ISG) revenues increased 12% to $10.31 billion. AI-optimized server orders grew by $12.1 billion.

Operating details showed non-GAAP gross profit up 1% to $5.05 billion, while gross margin contracted to 21.6%. Operating income increased 10% to $1.66 billion. Balance sheet had $7.70 billion in cash and $28.78 billion in debt as of May 2, 2025.

For Q2, Dell expects revenues between $28.5 billion and $29.5 billion, with earnings of $2.25 per share. For fiscal 2026, revenues are expected to be between $101 billion and $105 billion, with earnings of $9.40 per share. Dell Technologies has a Zacks Rank #3.



Read more at Nasdaq: DELL Q1 Earnings Miss Estimates, Revenues Up Y/Y, Shares Fall