Dell Technologies Inc. today announced its financial results for the fourth quarter and full fiscal year 2026, which ended January 30, 2026, along with its guidance for the first quarter and full fiscal year 2027.

For the full fiscal year, key performance highlights include record annual revenue of $113.5 billion, a 19% increase year-over-year. Diluted earnings per share (EPS) also reached a record high of $8.68, up 36% compared to the previous year. Non-GAAP diluted EPS set a new record at $10.30, representing a 27% annual increase. Operating cash flow for the full year hit a record $11.2 billion.

The company announced a 20% increase in its cash dividend and authorized an additional $10 billion for share repurchases.

For fiscal year 2027, Dell provided guidance indicating a median revenue growth of 23% year-over-year, with diluted EPS growth projected at a median of 33%, and non-GAAP diluted EPS expected to grow at a median rate of 25%.

In the fourth quarter, revenue reached a record $33.4 billion, up 39% compared to the same period last year. Diluted EPS was a record $3.37, increasing 57% year-over-year, while non-GAAP diluted EPS reached a new high of $3.89, up 45%. Operating cash flow for the quarter also set a record at $4.7 billion.

Jeff Clarke, Vice Chairman and Chief Operating Officer of Dell Technologies, stated, "Fiscal 2026 was a milestone year in the company's history, as we achieved record revenue of $113.5 billion, record earnings per share, and record cash flow generation. The AI opportunity is driving our transformation. We secured over $64 billion in AI-optimized server orders for the full year, with shipments exceeding $25 billion. Entering fiscal 2027, our order backlog reached a record $43 billion. This strongly demonstrates that our engineering leadership and differentiated AI solutions are gaining market recognition."

David Kennedy, Chief Financial Officer of Dell Technologies, commented, "Our fourth-quarter record revenue of $33.4 billion marked a strong finish to a record-breaking fiscal year. Strong operational performance drove full-year cash flow above $11 billion, and we returned a record $7.5 billion to shareholders. With our comprehensive product portfolio, proven operating model, and growing customer base, we are well-positioned to exceed our long-term growth targets in fiscal 2027, with guidance midpoint targeting annual revenue of $140 billion and EPS growth of 25%."