Dell Fiscal Q1 Adjusted Earnings, Revenue Rise

MT Newswires Live
May 29

Dell Technologies (DELL) reported late Thursday fiscal Q1 non-GAAP net income of $4.86 per diluted share, up from $1.55 a year earlier.

Analysts polled by FactSet expected $2.96.

Revenue for the quarter ended May 1 rose to $43.84 billion from $23.38 billion a year earlier.

Analysts surveyed by FactSet expected $35.74 billion.

For fiscal Q2, the company is projecting non-GAAP EPS of $4.80 at the midpoint and revenue of $44 billion to $45 billion. Analysts expect $2.99 and $35.10 billion, respectively.

For fiscal 2027, Dell is projecting non-GAAP EPS of $17.90 at the midpoint on revenue of $165 billion to $169 billion. Analysts expect $13.12 and revenue of $143.19 billion.

Shares of Dell Technologies were up more than 14% in after-hours trading.

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