Dell Technologies ( (DELL) ) has released its Q3 earnings. Here is a breakdown of the information Dell Technologies presented to its investors.
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Dell Technologies is a leading technology company that provides a wide range of innovative technology and services, focusing on helping organizations and individuals build their digital future. The company operates primarily in the technology sector, offering solutions for the AI era.
In its latest earnings report, Dell Technologies announced record third-quarter fiscal 2026 results, with revenue reaching $27 billion, marking an 11% increase year over year. The company also reported a significant rise in diluted earnings per share, up 39% from the previous year, and appointed David Kennedy as its permanent chief financial officer.
Key financial metrics highlighted in the report include a record operating income of $2.1 billion, a 23% increase from the previous year, and a robust cash flow from operations of $1.2 billion. The Infrastructure Solutions Group achieved a record revenue of $14.1 billion, driven by a 37% increase in servers and networking revenue. Meanwhile, the Client Solutions Group saw a modest growth of 3% in revenue, with commercial client revenue up by 5%.
Dell Technologies also emphasized its strong performance in AI, with AI server orders reaching $12.3 billion in the third quarter alone. The company raised its AI shipment guidance to $25 billion for the fiscal year, reflecting a 150% increase year over year. Additionally, Dell returned $1.6 billion to shareholders through share repurchases and dividends in the third quarter.
Looking ahead, Dell Technologies projects continued growth, with full-year fiscal 2026 revenue expected to rise by 17% at the midpoint. The company remains optimistic about its future performance, driven by its strategic focus on AI and its ability to deliver high-performance solutions to a diverse customer base.