Dell Q2: AI Servers Will Likely Represent 15% Of Revenue Soon, Upgrade To 'Strong Buy'
Upgraded Dell to 'Strong Buy' with a one-year target price of $190, driven by rapid growth in AI-optimized servers and networking portfolio. Dell's AI server revenue surged to 12.4% of total revenue, with a record $3.8 billion backlog, highlighting strong growth potential. Anticipate 14% revenue growth in FY24, primarily from AI servers, with normalized revenue growth projected at 9.3% from FY25 onwards.
Dell Technologies Inc. (DELL) Q2 2025 Earnings Call Transcript
Dell Technologies Inc. (NYSE:DELL ) Q2 2025 Earnings Conference Call August 29, 2024 4:30 PM ET Company Participants Rob Williams - Head, IR Jeff Clarke - Vice Chairman and COO Yvonne McGill - CFO Tyler Johnson - Senior VP and Treasurer Conference Call Participants Amit Daryanani - Evercore Ben Reitzes - Melius Research Erik Woodring - Morgan Stanley Toni Sacconaghi - Bernstein Asiya Merchant - Citi Samik Chatterjee - JPMorgan Michael Ng - Goldman Sachs Wamsi Mohan - Bank of America Aaron Rakers - Wells Fargo David Vogt - UBS Simon Leopold - Raymond James Steven Fox - Fox Advisors Operator Good afternoon, and welcome to the Fiscal Year 2025 Second Quarter Financial Results Conference Call for Dell Technologies, Inc. I'd like to inform all participants this call is being recorded at the request of Dell Technologies. This broadcast is the copyrighted property of Dell Technologies, Inc. Any rebroadcasting of this information in whole or part without the prior written permission of Dell Technologies is prohibited.
Dell Technologies (DELL) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Dell Technologies (DELL) give insight into how the company performed in the quarter ended July 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Dell Technologies (DELL) Q2 Earnings and Revenues Top Estimates
Dell Technologies (DELL) came out with quarterly earnings of $1.89 per share, beating the Zacks Consensus Estimate of $1.74 per share. This compares to earnings of $1.74 per share a year ago.
Dell Stock Rises After Company Reports Stronger-Than Expected Earnings, AI Server Surge
Dell Technologies (DELL) shares jumped after the bell Thursday following second-quarter revenue that cleared analysts' expectations on the strength of artificial intelligence (AI) sales.
Dell Stock Rises on Strong Earnings. AI Server Demand Is Booming.
Dell Technologies posted better-than-expected results for its July quarter, boosted by strong demand for its servers powered by artificial intelligence.
Dell beats estimates as server sales soar 80%, riding AI wave
Dell has emerged as a top vendor for AI-oriented servers, especially those based around Nvidia chips. Demand has skyrocketed from a handful of businesses and cloud providers that are investing billions in developing next-generation AI.
Dell beats second-quarter revenue estimates on strong AI server demand
Dell Technologies beat Wall Street estimates for second-quarter revenue on Thursday, driven by strong demand for its AI-powered servers amid a recovering personal computer market.
Exclusive: Dell attempts to sell cybersecurity firm SecureWorks again, sources say
Personal computer maker Dell Technologies is again exploring a possible sale of SecureWorks , after unsuccessful earlier attempts to find a buyer for the U.S. cybersecurity firm, according to people familiar with the matter.
What You Need To Know Ahead of Dell Technologies' Earnings Report
UPDATE—Aug. 29, 2024: This article has been updated to reflect more recent share price information.
Dell Gears Up For Q2 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Dell Technologies Inc. DELL will release earnings results for its second quarter, after the closing bell on Thursday, Aug. 29.
5 Things to Know Before the Stock Market Opens
Nvidia (NVDA) shares are falling after the artificial intelligence (AI) darling's quarterly earnings beat failed to impress investors; Dell Technologies (DELL) shares are dipping ahead of its second-quarter results after the bell; Salesforce (CRM) shares are jumping after its earnings surpassed estimates; business review site Yelp (YELP) is suing Alphabet's (GOOGL) Google; and Big Lots (BIG) shares are tumbling as the home retailer reportedly mulls a bankruptcy filing. U.S. stock futures are little changed, with Friday's inflation report expected to show cooling price pressures and reinforce expectations of a rate cut by the Federal Reserve.
