The earnings call highlighted strong growth in AI demand, ISG and CSG segments, and record cash generation, indicating a positive performance. However, challenges in the consumer market, competitive pricing, and moderated demand in traditional servers present areas of concern.

Company Guidance -

Q2 2026

During Dell Technologies' Fiscal Year 2026 First Quarter Financial Results Conference Call, comprehensive guidance was provided, highlighting a 5% increase in revenue to $23.4 billion, driven by an 8% growth in both ISG and CSG sectors. The company recorded a 17% increase in earnings per share to $1.55 and generated record cash flow from operations of $2.8 billion. Dell booked $12.1 billion in AI orders, surpassing FY 2025 shipments, with $1.8 billion shipped and a $400 million backlog. The call emphasized strong demand for AI-optimized servers and projected shipments of $7 billion in AI servers for Q2. For FY 2026, Dell expects revenue between $101 billion and $105 billion, with ISG projected to grow in high teens, driven by over $15 billion in AI server shipments. The company raised its full-year EPS guidance to $9.4, reflecting a 15% increase, and highlighted ongoing investments in AI innovation and strategic partnerships.

Revenue and Earnings Growth

Revenue reached $23.4 billion, up 5% from the previous year. Earnings per share increased by 17% to $1.55, growing three times faster than revenue.

Strong AI Demand

Dell experienced unprecedented demand for AI-optimized servers, booking $12.1 billion in orders in the first quarter and shipping $1.8 billion.

ISG and CSG Growth

ISG and CSG segments both grew 8%. ISG revenue was $10.3 billion, up 12%, and servers and networking revenue hit a Q1 record of $6.3 billion, up 16%.

Record Cash Generation

Dell achieved record Q1 cash flow from operations of $2.8 billion, driven by profitability and working capital improvement.

Commercial PC Growth

Commercial revenue increased by 9% to $11 billion, with strong demand in North America, EMEA, and APJ.

Continued Growth in Storage

Storage revenue increased 6%, marking the third consecutive quarter of growth with strong demand in Dell IP portfolio and PowerStore.

Significant Shareholder Returns

Dell returned $2.4 billion of capital to shareholders, reflecting confidence in business and disciplined capital allocation.

Dell Technologies (DELL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DELL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 28, 2025	2026 (Q2)	2.28 / -	1.89	―	―	―
May 29, 2025	2026 (Q1)	1.70 / 1.55	1.27	22.05% (+0.28)
Feb 27, 2025	2025 (Q4)	2.52 / 2.68	2.2	21.82% (+0.48)
Nov 26, 2024	2025 (Q3)	2.06 / 2.15	1.88	14.36% (+0.27)
Aug 29, 2024	2025 (Q2)	1.71 / 1.89	1.74	8.62% (+0.15)
May 30, 2024	2025 (Q1)	1.26 / 1.27	1.31	-3.05% (-0.04)
Feb 29, 2024	2024 (Q4)	1.73 / 2.20	1.8	22.22% (+0.40)
Nov 30, 2023	2024 (Q3)	1.46 / 1.88	2.3	-18.26% (-0.42)
Aug 31, 2023	2024 (Q2)	1.14 / 1.74	1.68	3.57% (+0.06)
Jun 01, 2023	2024 (Q1)	0.86 / 1.31	1.84	-28.80% (-0.53)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DELL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 29, 2025	$113.17	$110.82	-2.08%
Feb 27, 2025	$106.71	$101.69	-4.70%
Nov 26, 2024	$139.70	$122.59	-12.25%
Aug 29, 2024	$108.76	$113.48	+4.34%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.