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Oct 31, 2025
Dell Q3 2026 Earnings Report
Dell Technologies reported record Q3 revenue and profit, driven by strong AI server demand and solid operating results.
Key Takeaways
Dell posted record third-quarter revenue of $27.0 billion and net income of $1.55 billion. EPS reached $2.28, while adjusted EPS came in at $2.59. AI momentum and robust ISG performance contributed significantly.
Record Q3 revenue of $27.0 billion, up 11% YoY
Net income rose to $1.548 billion
Record AI server orders reached $12.3 billion
Raised FY26 revenue guidance to $111.7 billion and AI shipments to $25 billion
Revenue by Segment
Forward Guidance
Dell raised full-year revenue guidance to $111.7 billion and expects AI server shipments to reach $25 billion.
Positive Outlook
- FY26 revenue guidance raised to $111.7 billion
- AI server shipments forecasted at $25 billion
- Q4 revenue expected between $31.0B and $32.0B
- Q4 GAAP EPS projected at $3.05
- Q4 non-GAAP EPS projected at $3.50
Challenges Ahead
- Consumer revenue declined 7% YoY
- Storage revenue fell 1% YoY
- Operating margin slightly below YoY level in ISG
- Free cash flow down 45% YoY
- Cash flow from operations down 25% YoY
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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