Dell Technologies published its annual report on Form 10-K for the fiscal year ended Jan. 30, 2026, reporting net revenue up 19% to USD 113.54 billion. Net income rose 30% to USD 5.94 billion and diluted earnings per share increased 36% to USD 8.68. Infrastructure Solutions Group net revenue grew 40% to USD 60.83 billion, driven mainly by AI-optimized servers net revenue that more than doubled to USD 24.68 billion on higher unit volumes amid increased demand. Client Solutions Group net revenue increased 5% to USD 50.98 billion, as commercial net revenue rose 8% to USD 44.06 billion on higher units and richer configurations. For fiscal 2027, management expects significant ISG and modest CSG net revenue growth, with margin growth despite anticipated margin rate pressure from a continued mix shift toward AI-optimized servers and notable component cost inflation.

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