Dell Technologies reported soft earnings guidance for the current quarter, overshadowing second-quarter results and full-year guidance that topped estimates as surging enterprise spending on AI servers continued to boost performance.
Dell Technologies Inc (NYSE:DELL) was down 4% in recent afterhours trading following the report.
The company reported second-quarter adjusted EPS of $2.32 on revenue of $29.78 billion, compared with estimates for $2.31 per share and $29.02B, respectively.
The client solutions group rose 1% to $12.5B year-on-year in Q2.
For Q3, the company guided adjusted EPS of $2.45, missing estimates of $2.55, while revenue guidance of $26.50B to $27.50B beat estimates of $26.31B.
Looking further ahead to 2026, Dell said it now expects adjusted EPS of $9.55 on revenue of $105B to $109B, or $107B at the midpoint, up from a prior estimate of $9.40 and revenue of $103B at the midpoint. That topped estimates for EPS of $9.38 on revenue of $104.84 billion.
The company also said now expects AI server sales for the full-year of $20B, up from a prior estimate of $15B.
Source :
https://www.investing.com/news/earnings/dell-technologies-reports-soft-guidance-for-current-quarter-after-q2-results-beat-4215522
