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Jul 29, 2022

Dell Q2 2023 Earnings Report

Dell Technologies' Q2 2023 revenue reached a record $26.4 billion, marking a 9% increase, with operating income up by 25%.

Key Takeaways

Dell Technologies reported record second-quarter revenue of $26.4 billion, a 9% increase year-over-year. The growth was driven by strong performance in both the Client Solutions Group (CSG) and Infrastructure Solutions Group (ISG). Operating income increased by 25% to $1.3 billion, and non-GAAP operating income rose by 4% to $2.0 billion. Diluted earnings per share were $0.68, and non-GAAP diluted earnings per share were $1.68.

Record second quarter revenue of $26.4 billion, up 9% year-over-year.

Operating income increased 25% to $1.3 billion.

Non-GAAP operating income increased 4% to $2.0 billion.

Diluted earnings per share of $0.68 and non-GAAP diluted earnings per share of $1.68.

Total Revenue
$26.4B
Previous year: $26.1B
+1.1%
EPS
$1.68
Previous year: $2.24
-25.0%
Non-GAAP Operating Margin
7.4%
Gross Profit
$5.44B
Previous year: $5.48B
-0.7%
Cash and Equivalents
$5.51B
Previous year: $11.7B
-53.0%
Free Cash Flow
-$83M
Previous year: $1.09B
-107.6%
Total Assets
$88.8B
Previous year: $123B
-27.6%

Dell

Dell

Dell Revenue by Segment

Forward Guidance

Dell Technologies did not provide specific forward guidance in this earnings report.

Revenue & Expenses

Visualization of income flow from segment revenue to net income