.August 23, 2024 12:55 PM

Dell Technologies (NYSE:DELL) is expected to report strong earnings on July 29, with analysts predicting revenue of $24.14 billion and EPS of $1.68 for Q2. Demand for x86 servers, PCs, and storage is driving optimism, with potential upside from AI server shipments.

Investor focus will be on Dell’s Infrastructure Solutions Group (ISG) margins, with concerns over AI server margins. Evercore believes Q1 margin weakness was due to storage business issues, not AI servers, countering worries about dilution.

Despite recent layoffs at Dell, demand has increased in key areas like x86 servers, PCs, and storage, especially in the flash segment. Evercore remains confident in Dell’s performance for the upcoming quarter.