By Tae Kim
Dell Technologies will report its latest quarterly earnings after the market close Thursday.
Wall Street analysts expect Dell will report revenue of $23.2 billion with adjusted earnings of $1.70 a share for the fiscal first quarter ended in April, according to consensus estimates. Analysts' estimates for the current quarter's revenue is $25.3 billion with per-share earnings of $2.11.
On Tuesday, Susquehanna analyst Mehdi Hosseini reaffirmed his Neutral rating on Dell stock and reiterated his $105 price target on the shares. The analyst said he expected near-term mixed guidance from Dell management -- namely that the company should at least meet the midpoint of its April quarter guidance, but he expects Dell's July quarter outlook to come in below Wall Street estimates.
The company is a leading provider of computers and servers for artificial intelligence. Coreweave, a cloud-computing company that runs on graphics-processing units, and Elon Musk's xAI are both customers of Dell hardware for their AI infrastructure buildouts.
Dell stock has declined around 1% this year.
Write to Tae Kim at tae.kim@barrons.com
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(END) Dow Jones Newswires
May 29, 2025 01:00 ET (05:00 GMT)
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