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Nov 03, 2023
Dell Q3 2024 Earnings Report
Dell's Q3 2024 earnings declined year-over-year but showed sequential growth in key areas like AI-optimized servers.
Key Takeaways
Dell Technologies reported Q3 2024 revenue of $22.3 billion, a 10% decrease year-over-year. Operating income was $1.5 billion, and non-GAAP operating income was $2 billion, down 16% and 17% year-over-year, respectively. Diluted earnings per share was $1.36, and non-GAAP diluted earnings per share was $1.88. The company generated $2.2 billion in cash flow from operations.
Revenue decreased by 10% year-over-year to $22.3 billion.
Operating income declined by 16% year-over-year to $1.5 billion.
Non-GAAP operating income decreased by 17% year-over-year to $2 billion.
Cash flow from operations for the third quarter was $2.2 billion.
Revenue by Segment
Forward Guidance
Dell expects revenue growth heading into FY25 due to tailwinds in their business.
Positive Outlook
- Focus on extending leadership positions.
- Turning new opportunities into incremental growth.
- Servers and networking business was up 9% sequentially.
- Fueled by customer interest in generative AI.
- Expect revenue growth given the tailwinds to our business.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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