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Nov 01, 2024

Dell Q3 2025 Earnings Report

Dell's Q3 2025 financial performance was marked by revenue growth and strong performance in ISG, particularly in servers and networking.

Key Takeaways

Dell Technologies reported a 10% increase in revenue to $24.4 billion for Q3 2025. The Infrastructure Solutions Group (ISG) saw a significant increase in revenue, driven by strong demand in servers and networking. Diluted earnings per share increased by 16% to $1.58, and non-GAAP diluted earnings per share increased by 14% to $2.15.

Dell Technologies' Q3 2025 revenue increased by 10% year-over-year to $24.4 billion.

Infrastructure Solutions Group (ISG) revenue was up 34% year-over-year, with significant growth in servers and networking.

Client Solutions Group (CSG) revenue decreased by 1% year-over-year, while commercial client revenue increased by 3%.

Diluted earnings per share increased by 16% to $1.58, and non-GAAP diluted earnings per share increased by 14% to $2.15.

Total Revenue
$24.4B
Previous year: $22.3B
+9.5%
EPS
$2.15
Previous year: $1.88
+14.4%
Non-GAAP Operating Margin
9%
Gross Profit
$5.48B
Previous year: $5.35B
+2.3%
Cash and Equivalents
$5.23B
Previous year: $8.3B
-37.0%
Free Cash Flow
$914M
Previous year: $2.2B
-58.5%
Total Assets
$82B
Previous year: $83.3B
-1.6%

Dell

Dell

Dell Revenue by Segment

Forward Guidance

The company will hold a conference call to discuss its performance and financial guidance on Nov. 26 at 3:30 p.m. CST.

Revenue & Expenses

Visualization of income flow from segment revenue to net income