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May 05, 2023

Dell Q1 2024 Earnings Report

Dell's first quarter revenue decreased by 20% and non-GAAP EPS decreased by 29%.

Key Takeaways

Dell Technologies reported a decrease in revenue for the first quarter of fiscal year 2024, with revenue at $20.9 billion, a 20% decrease compared to the previous year. The company's operating income was $1.1 billion, and non-GAAP operating income was $1.6 billion. Diluted earnings per share was $0.79, and non-GAAP diluted earnings per share was $1.31.

First quarter revenue was $20.9 billion, a decrease of 20%.

Operating income reached $1.1 billion, while non-GAAP operating income was $1.6 billion.

Diluted earnings per share (EPS) stood at $0.79, and non-GAAP diluted EPS was $1.31.

Cash flow from operations amounted to $1.8 billion.

Total Revenue
$20.9B
Previous year: $26.1B
-19.9%
EPS
$1.31
Previous year: $1.84
-28.8%
Gross Profit
$5.02B
Previous year: $5.78B
-13.2%
Cash and Equivalents
$7.63B
Previous year: $6.65B
+14.7%
Free Cash Flow
$1.8B
Previous year: -$959M
-287.7%
Total Assets
$84.1B
Previous year: $88.4B
-4.9%

Dell

Dell

Dell Revenue by Segment

Forward Guidance

No specific forward guidance was provided in the press release.

Revenue & Expenses

Visualization of income flow from segment revenue to net income