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Aug 04, 2023

Dell Q2 2024 Earnings Report

Dell's Q2 2024 financial results were announced, demonstrating sequential revenue growth and strong cash flow.

Key Takeaways

Dell Technologies reported Q2 fiscal year 2024 revenue of $22.9 billion, a 13% decrease year-over-year but a 10% increase sequentially. The company's operating income was $1.2 billion, with a non-GAAP operating income of $2 billion. Diluted EPS was $0.63, and non-GAAP diluted EPS was $1.74. Cash flow from operations was $3.2 billion.

Second quarter revenue reached $22.9 billion.

Operating income was reported at $1.2 billion, while non-GAAP operating income was $2 billion.

Diluted earnings per share stood at $0.63, with non-GAAP diluted earnings per share at $1.74.

Cash flow from operations for the second quarter was $3.2 billion.

Total Revenue
$22.9B
Previous year: $26.4B
-13.2%
EPS
$1.74
Previous year: $1.68
+3.6%
Non-GAAP Operating Margin
8.6%
Previous year: 7.4%
+16.2%
Gross Profit
$5.39B
Previous year: $5.44B
-1.0%
Cash and Equivalents
$8.36B
Previous year: $5.51B
+51.9%
Free Cash Flow
$3.2B
Previous year: -$83M
-3955.4%
Total Assets
$85.7B
Previous year: $88.8B
-3.5%

Dell

Dell

Dell Revenue by Segment

Forward Guidance

The company held a conference call to discuss its performance and financial guidance on Aug. 31 at 3:30 p.m. CDT.

Revenue & Expenses

Visualization of income flow from segment revenue to net income