Dell earnings report Q3 2026

Dell It reported fiscal third-quarter earnings on Tuesday that met Wall Street’s revenue expectations, but the company is forecasting a stronger-than-expected fourth quarter driven by rising artificial intelligence sales.

Dell shares were down slightly in extended trading.

Here’s how Dell stacks up against LSEG consensus estimates:

• EPS: Adjusted $2.59 vs. estimated $2.47
• Revenues: $27.01 billion compared to the estimated $27.13 billion

Dell said it expects sales of about $31.5 billion in the fourth quarter, compared to $27.59 billion predicted by analysts. The company said it expects fourth-quarter earnings per share to be $3.50, versus expectations of $3.21.

The company said it raised its expectations for AI server shipments for the year from $20 billion to $25 billion and raised its full-year revenue forecast from $107 billion to $111.7 billion.

Dell reported net income of $1.54 billion, or $2.28 per diluted share, for the quarter; last year the figure was $1.17 billion, or $1.64.

The company is an important pioneer in the health of the AI ​​infrastructure industry and is one of the best suppliers of AI-based systems. Nvidia’s graphics processors Total revenue in the quarter increased 11% year over year.

Dell’s main customers for AI systems are large businesses, governments and so-called neocloud organizations. CoreWeave. Dells is selling less to big cloud companies called hyperscalers, the greediest Nvidia buyers ever.

The company said it expects to sell $9.4 billion worth of AI servers in the fourth quarter. to agree In November, it announced that it would sell its Nvidia-based GB300 systems to Iren, a neocloud company that plans to lease them. Microsoft.

Dell’s data center business, called Infrastructure Solutions Group, reported sales of $14.11 billion, in line with analyst estimates. Of that, $10.1 billion was allocated to servers and networking parts, up 37% year-over-year. Most of this increase was driven by $5.6 billion in AI server shipments. Dell said it sold $4 billion in storage equipment during the quarter.

But the company said its laptop and PC business, called Client Solutions Group, reported sales of $12.48 billion, up 3% year over year, but slightly below the $12.65 billion analysts expected.

Dell’s laptop and PC business was particularly hard hit, falling 7% year over year.

The company said it spent $1.6 billion on share buybacks and dividends in the quarter.

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