Dell Technologies (1DELL) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

May 28, 2026

Before Open (Confirmed)

Period Ending

2027 (Q1)

Consensus EPS Forecast

2.41

Last Year’s EPS

1.33

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 13 Analysts Ratings

Earnings Call Summary

Q4 2026

Earnings Call Date:Feb 26, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed strong, record-breaking financial performance and aggressive AI-driven growth with robust cash generation and shareholder returns. Management provided ambitious FY 2027 guidance centered on continued AI acceleration (AI revenue guide ~$50B) and operational levers (pricing discipline, supply prioritization, Dell IP storage mix) to protect margins. However, notable risks remain: severe component cost inflation, tight supply driving potential revenue lumpiness, CSG near-term margin pressure from share capture and channel inventory, and transition risk as new AI architectures ramp later in the year. Overall, the positives—large revenue/EPS/cash records, strong AI backlog and orders, ISG outperformance, and confident capital returns—outweigh the listed execution and market risks.

Company Guidance

Dell guided FY2027 revenue of $138.0B–$142.0B (midpoint $140.0B, +23% y/y) with roughly $50.0B of AI revenue (~100% y/y); diluted non‑GAAP EPS of $12.90 ± $0.25 (≈+25% at midpoint); operating income growth of ~18% and INO of $1.4B–$1.5B; gross margin rates are expected to be up year‑over‑year excluding AI mix, OpEx dollars up low single digits (with OpEx down low single digits in Q1), and ISG/CSG operating income rates positioned at the lower end of the long‑term framework; Q1 FY27 revenue was guided to $34.7B–$35.7B (midpoint $35.2B, +51% y/y) with ISG growth >100% supported by ~$13.0B of AI server revenue, Q1 diluted EPS $2.90 ± $0.10 (≈+87% at midpoint) and an expected diluted share count of ~664M; management also reiterated a $43.0B AI backlog and announced capital actions—a 20% dividend increase to $2.52/share and a $10.0B increase to the share‑repurchase authorization.

Record Full-Year Revenue and EPS

Fiscal 2026 revenue of $113,500,000,000, up 19% year-over-year; diluted non-GAAP EPS of $10.30, up 27%.

Record Quarterly Performance

Q4 revenue $33,400,000,000, up 39% year-over-year; Q4 diluted non-GAAP EPS $3.89, up 45% year-over-year.

Exceptional AI Momentum

FY 2026 AI orders $64,100,000,000 and AI shipments $25,200,000,000; Q4 AI orders $34,100,000,000, Q4 AI shipments $9,500,000,000, Q4 AI revenue ~$9,000,000,000; exiting AI backlog $43,000,000,000; customer base surpassed 4,000. Company guiding to ~$50,000,000,000 in AI revenue for FY 2027 (≈100% YoY growth).

Strong ISG Results

ISG revenue a record $19,600,000,000, up 73% year-over-year; ISG operating income $2,900,000,000, up 41%; ISG operating margin 14.8%, improved 240 basis points sequentially.

Record Cash Generation and Capital Return

Record full-year cash flow from operations ~$11,200,000,000 (FY 2026) and Q4 cash flow from operations $4,700,000,000; returned $7,500,000,000 to shareholders in FY 2026, repurchasing ~54,000,000 shares.

Aggressive Capital Actions and Shareholder Returns

Raised FY 2027 annual dividend by 20% to $2.52 per share and Board approved a $10,000,000,000 increase in share repurchase authorization.

Storage Momentum in Dell IP Portfolio

Storage revenue up 2% with Dell IP (PowerMax, PowerStore, PowerScale, ObjectScale, data protection) showing double-digit demand; PowerStore posted its seventh/eighth consecutive quarter(s) of double-digit growth and all-flash arrays delivered third consecutive quarter of double-digit growth.

CSG and Commercial Strength

CSG revenue up 14% in Q4, with commercial revenue up 16% (sixth consecutive quarter of commercial growth) and share gains in Q4 driven by expansion across customer segments.

Improving Profitability and Operating Leverage

Gross margin rate 20.5% in Q4 (slightly better than anticipated); operating expenses up 5% to $3,300,000,000 but OpEx as % of revenue improved 320 bps to 9.9%; operating income grew 32% to $3,500,000,000 (10.6% of revenue).

Ambitious FY 2027 Guidance

FY 2027 revenue guidance $138,000,000,000–$142,000,000,000 (midpoint +23% YoY); diluted non-GAAP EPS guidance $12.90 ± $0.25 (≈+25% at midpoint); Q1 FY27 revenue guide midpoint +51% YoY and Q1 EPS guide midpoint +87% YoY.

Dell Technologies (IT:1DELL) 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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IT:1DELL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 28, 2026	2027 (Q1)	2.41 / -	1.326	―	―	―
Feb 26, 2026	2026 (Q4)	3.02 / 3.33	2.292	45.15% (+1.03)
Nov 25, 2025	2026 (Q3)	2.11 / 2.22	1.839	20.47% (+0.38)
Aug 28, 2025	2026 (Q2)	1.96 / 1.98	1.617	22.75% (+0.37)
May 29, 2025	2026 (Q1)	1.46 / 1.33	1.086	22.05% (+0.24)
Feb 27, 2025	2025 (Q4)	2.16 / 2.29	1.882	21.82% (+0.41)
Nov 26, 2024	2025 (Q3)	1.76 / 1.84	1.608	14.36% (+0.23)
Aug 29, 2024	2025 (Q2)	1.46 / 1.62	1.488	8.62% (+0.13)
May 30, 2024	2025 (Q1)	1.08 / 1.09	1.121	-3.05% (-0.03)
Feb 29, 2024	2024 (Q4)	1.48 / 1.88	1.54	22.22% (+0.34)

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

IT:1DELL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 26, 2026	€104.48	€103.70	-0.75%
Nov 25, 2025	€108.17	€115.42	+6.70%
Aug 28, 2025	€113.07	€104.89	-7.23%
May 29, 2025	€98.52	€98.16	-0.36%

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.