Dell earnings report Q2 2026

Although beaten in the upper and lower lines, Dell The technologies fell more than 5% on Thursday after giving the third quarter gain per share under Wall Street’s expectations.

How made the system integrator against LSEG consensus forecasts:

• EPS: $ 2.32, set and estimated $ 2.30
• Revenues: 29.78 billion dollars and 29.17 billion dollars estimation

Dell increased its appearance all year to make the income at the midpoint to be 107 billion dollars and increased earnings per share to $ 9,55 in the midpoint and Wall Street forecasts 104.6 billion dollars and $ 9.38 per share.

However, Dell’s guidance for the third quarter earnings per share of $ 2.45, Dell’s 26.1 billion dollars, despite the $ 27 billion guide in the third quarter income hill estimates of the $ 27 billion, came briefly against the $ 2.55 $ sign.

Dell said that some of the reasons for the intensification of profit estimation in the fourth quarter was caused by seasonality, especially in storage.

In the second quarter, total income increased by 19% annually. This was directed by network revenues, including the company’s servers and AI servers of $ 12.9 billion, which increased by 69% annually.

Dell is one of Nvidia’s key customers. Dell takes chips from the AI ​​leader and builds computers that he sells to end users. Sunflower seedA cloud service. Dell said he sent $ 10 billion on AI servers in the last two quarters.

Dell, now in the financial year of 2026, $ 20 billion of artificial intelligence server planned to send and sold last year was sold, he said.

However, the company’s storage revenue decreased by 3% to $ 3.86 billion and missed a 4.1 billion dollar street estimation in sales.

The income in the Customer Solutions Group, which includes PC sales to enterprises, rose to 1 to 12.5 billion dollars on an annual basis. Although Dell was the largest business group in the past, it grew slowly than the company’s data center business in the last quarters.

Dell said he spent $ 1.3 billion on stock procurement and dividends for a quarter.

WRISTWATCH: Bernstein’s Stacy Rasgon, Nvidia’s data center opportunity is still enormous and early.