Dell Technologies (DELL) official guidance
Dell Technologies (DELL) official earnings guidance and management outlook. Each figure management stated is shown with its revisions and the source quote.
See the full Filings Intelligence suiteDELLDell Technologies Inc.Q3 FY2027 · ends 2026-10-30
1 metric1 newearnings call · 2026-09-02 04:01:35 UTC
2026-09-02 04:01:35 UTC651Mnew-4.3% vs Q3 FY2026
We anticipate a diluted share count of approximately 651 million shares.
DELL · transcript · Q2 FY2027
2026-09-02 04:00:00 UTCOpen source
DELLDell Technologies Inc.FY2027 · ends 2027-01-29
1 metric1 maintainedearnings call · 2026-09-02 04:01:35 UTC
2026-09-02 04:01:35 UTC$25.5maintained
For the full year, we are raising our revenue guide by $25 billion to $192 billion at the midpoint, up roughly 70%, with diluted non-GAAP EPS of $25.50, up approximately 150%.
DELL · transcript · Q2 FY2027
2026-09-02 04:00:00 UTCOpen source
2026-09-01 20:10:56 UTC$25.5raised +42.5%
| Non-GAAP diluted EPS | $ | 17.90 | $ | 25.50 | 148 | % |
DELL · EX-99.1 · Q2 FY2027
2026-09-01 20:10:14 UTCOpen source
2026-05-29 04:01:27 UTC$17.9maintained
Diluted non-GAAP earnings per share is expected to be $17.90 ±$0.25, up roughly 75% at the midpoint.
DELL · transcript · Q1 FY2027
2026-05-29 04:00:00 UTCOpen source
2026-05-28 20:16:15 UTC$17.9raised +38.8%
Full-year FY27 GAAP diluted EPS expected to be $17.31 at the midpoint, up 99% year over year, and non-GAAP diluted EPS to be $17.90 at the midpoint
DELL · EX-99.1 · Q1 FY2027
2026-05-28 20:15:39 UTCOpen source
2026-02-26 21:09:32 UTC$12.9new
Full-year FY27 GAAP diluted EPS expected to be $11.52 at the midpoint, up 33% year over year, and non-GAAP diluted EPS to be $12.90 at the midpoint, up 25%
DELL · EX-99.1 · Q4 FY2026
2026-02-26 21:08:45 UTCOpen source
DELLDell Technologies Inc.Q3 FY2027 · ends 2026-10-30
1 metric1 maintainedearnings call · 2026-09-02 04:01:35 UTC
2026-09-02 04:01:35 UTC$6.5maintained
Diluted non-GAAP earnings per share is expected to be $6.50, up over 150% at the midpoint.
DELL · transcript · Q2 FY2027
2026-09-02 04:00:00 UTCOpen source
2026-09-01 20:10:56 UTC$6.5new
| Non-GAAP diluted EPS | $ | 6.50 | 151 | % |
DELL · EX-99.1 · Q2 FY2027
2026-09-01 20:10:14 UTCOpen source
DELLDell Technologies Inc.FY2027 · ends 2027-01-29
2 metrics2 newearnings call · 2026-09-02 04:01:35 UTC
2026-09-02 04:01:35 UTCgross margin rates are up year-over-yearnew
Excluding the mix impact of AI servers, gross margin rates are up year-over-year.
DELL · transcript · Q2 FY2027
2026-09-02 04:00:00 UTCOpen source
2026-09-02 04:01:35 UTC$1.4B – $1.5Bnew
I&O is expected to be between $1.4 billion and $1.5 billion.
DELL · transcript · Q2 FY2027
2026-09-02 04:00:00 UTCOpen source
DELLDell Technologies Inc.Q3 FY2027 · ends 2026-10-30
1 metric1 newearnings call · 2026-09-02 04:01:35 UTC
2026-09-02 04:01:35 UTCdown low single digits sequentiallynew
Operating expenses are expected to be down low single digits sequentially.
DELL · transcript · Q2 FY2027
2026-09-02 04:00:00 UTCOpen source
DELLDell Technologies Inc.FY2027 · ends 2027-01-29
2 metrics1 raisedearnings call · 2026-09-02 04:01:35 UTC
2026-09-02 04:01:35 UTC8%raised +60.0%
Our modernization efforts are paying off, simplifying, standardizing, automating, and enhancing our operating model with AI, delivering significant operating leverage with operating expenses to be approximately 8% of revenue, the lowest level in the company's 42-year history.
DELL · transcript · Q2 FY2027
2026-09-02 04:00:00 UTCOpen source
2026-05-29 04:01:27 UTCin the single digitsnew
At the same time, our modernization efforts are paying off, simplifying, standardizing, automating, and enhancing our operating model with AI, delivering significant operating leverage with OpEx as a percentage of revenue in the single digits.
DELL · transcript · Q1 FY2027
2026-05-29 04:00:00 UTCOpen source
2026-09-02 04:01:35 UTC120%120% vs FY2026
With gross margin improvement and the benefits of significant scale, operating income is expected to grow approximately 120%, with over 2 points of rate improvement year-over-year.
DELL · transcript · Q2 FY2027
2026-09-02 04:00:00 UTCOpen source
2026-05-29 04:01:27 UTCat least 55%55% vs FY2026
Operating income is expected to grow over 55%, with improvement both in dollars and as a percentage of revenue.
DELL · transcript · Q1 FY2027
2026-05-29 04:00:00 UTCOpen source
2026-02-27 05:01:41 UTC18%new18% vs FY2026
Operating income is expected to grow approximately 18%.
DELL · transcript · Q4 FY2026
2026-02-27 05:00:00 UTCOpen source
DELLDell Technologies Inc.Q3 FY2027 · ends 2026-10-30
3 metrics3 newearnings call · 2026-09-02 04:01:35 UTC
2026-09-02 04:01:35 UTC120%new120% vs Q3 FY2026
Operating income is expected to grow roughly 120%.
DELL · transcript · Q2 FY2027
2026-09-02 04:00:00 UTCOpen source
2026-09-02 04:01:35 UTC6%new
We expect CSG operating income rate to moderate to roughly 6% as we balance demand, share, and profitability.
DELL · transcript · Q2 FY2027
2026-09-02 04:00:00 UTCOpen source
2026-09-02 04:01:35 UTCup just over a point year-over-yearnew
We expect ISG operating income rate to be up just over a point year-over-year, even as AI server revenue more than triples year-over-year.
DELL · transcript · Q2 FY2027
2026-09-02 04:00:00 UTCOpen source
DELLDell Technologies Inc.FY2027 · ends 2027-01-29
2 metrics1 new1 maintainedearnings call · 2026-09-02 04:01:35 UTC
2026-09-02 04:01:35 UTCat least 2%new2% vs FY2026
With gross margin improvement and the benefits of significant scale, operating income is expected to grow approximately 120%, with over 2 points of rate improvement year-over-year.
DELL · transcript · Q2 FY2027
2026-09-02 04:00:00 UTCOpen source
2026-09-02 04:01:35 UTC$74Bmaintained
We expect ISG to grow roughly 120%, driven by AI server revenue up 3x year-over-year to $74 billion.
DELL · transcript · Q2 FY2027
2026-09-02 04:00:00 UTCOpen source
2026-09-01 20:10:56 UTC$74Braised +23.3%
| AI-Optimized Servers revenue | $ | 60.0 | $ | 74.0 | 200 | % |
DELL · EX-99.1 · Q2 FY2027
2026-09-01 20:10:14 UTCOpen source
2026-05-29 04:01:27 UTC$60Bmaintained
ISG is expected to grow roughly 80%, driven by $60 billion of AI server revenue at the midpoint, or approximately 2.4x year-over-year.
DELL · transcript · Q1 FY2027
2026-05-29 04:00:00 UTCOpen source
2026-05-28 20:16:15 UTC$60Braised +20.0%
Full-year AI-Optimized Servers revenue expected to be roughly $60 billion, up 144% year over year
DELL · EX-99.1 · Q1 FY2027
2026-05-28 20:15:39 UTCOpen source
2026-02-27 05:01:41 UTC$50Bmaintained
For FY27, we expect $50 billion in AI revenue, about 100% growth year-over-year.
DELL · transcript · Q4 FY2026
2026-02-27 05:00:00 UTCOpen source
2026-02-26 21:09:32 UTC$50Bnew
Full-year AI-Optimized Servers revenue expected to be roughly $50 billion, up 103% year over year
DELL · EX-99.1 · Q4 FY2026
2026-02-26 21:08:45 UTCOpen source
DELLDell Technologies Inc.Q3 FY2027 · ends 2026-10-30
1 metric1 newearnings call · 2026-09-02 04:01:35 UTC
2026-09-02 04:01:35 UTC$19Bnew
We expect ISG to grow roughly 145%, supported by $19 billion in AI server revenue.
DELL · transcript · Q2 FY2027
2026-09-02 04:00:00 UTCOpen source
DELLDell Technologies Inc.FY2027 · ends 2027-01-29
1 metric1 maintainedearnings call · 2026-09-02 04:01:35 UTC
2026-09-02 04:01:35 UTC$192Bmaintained69.1% vs FY2026
For the full year, we are raising our revenue guide by $25 billion to $192 billion at the midpoint, up roughly 70%, with diluted non-GAAP EPS of $25.50, up approximately 150%.
DELL · transcript · Q2 FY2027
2026-09-02 04:00:00 UTCOpen source
2026-09-01 20:10:56 UTC$192Braised +15.0%69.1% vs FY2026
| Revenue | $ | 167.0 | $ | 192.0 | 69 | % |
DELL · EX-99.1 · Q2 FY2027
2026-09-01 20:10:14 UTCOpen source
2026-05-29 04:01:27 UTC$165B – $169Bmaintained45.3% – 48.8% vs FY2026
For the full year, we expect revenue of $165 billion-$169 billion, up nearly 50% at the midpoint of $167 billion.
DELL · transcript · Q1 FY2027
2026-05-29 04:00:00 UTCOpen source
2026-05-28 20:16:15 UTC$165B – $169Braised +19.3%45.3% – 48.8% vs FY2026
Full-year FY27 revenue expected between $165.0 billion and $169.0 billion, up 47% year over year at the midpoint of $167.0 billion
DELL · EX-99.1 · Q1 FY2027
2026-05-28 20:15:39 UTCOpen source
2026-02-27 05:01:41 UTC$138B – $142Bmaintained
For full year, we expect revenue of $138 billion to $142 billion, up 23% at the midpoint of $140 billion.
DELL · transcript · Q4 FY2026
2026-02-27 05:00:00 UTCOpen source
2026-02-26 21:09:32 UTC$138B – $142Bnew
Full-year FY27 revenue expected between $138.0 billion and $142.0 billion, up 23% year over year at the midpoint of $140.0 billion
DELL · EX-99.1 · Q4 FY2026
2026-02-26 21:08:45 UTCOpen source
DELLDell Technologies Inc.Q3 FY2027 · ends 2026-10-30
1 metric1 maintainedearnings call · 2026-09-02 04:01:35 UTC
2026-09-02 04:01:35 UTC$49Bmaintained81.4% vs Q3 FY2026
For Q3, we expect revenue to be $49 billion at the midpoint, up roughly 80% year-on-year.
DELL · transcript · Q2 FY2027
2026-09-02 04:00:00 UTCOpen source
2026-09-01 20:10:56 UTC$49Bnew81.4% vs Q3 FY2026
| Revenue | $ | 49.0 | 81 | % |
DELL · EX-99.1 · Q2 FY2027
2026-09-01 20:10:14 UTCOpen source
DELLDell Technologies Inc.FY2027 · ends 2027-01-29
1 metric1 raisedearnings call · 2026-09-02 04:01:35 UTC
2026-09-02 04:01:35 UTCgrow in the mid-teensraised +30.4%14% – 16% vs FY2026
We expect traditional servers to grow just over 100%, storage up in the mid-teens, and CSG revenue to grow in the mid-teens.
DELL · transcript · Q2 FY2027
2026-09-02 04:00:00 UTCOpen source
2026-05-29 04:01:27 UTCgrow low teensraised +1050.0%10% – 13% vs FY2026
Traditional servers expect to grow just over 60%, storage up mid-single digits, and CSG to grow low teens.
DELL · transcript · Q1 FY2027
2026-05-29 04:00:00 UTCOpen source
2026-02-27 05:01:41 UTC1%new1% vs FY2026
CSG is expected to grow roughly 1%.
DELL · transcript · Q4 FY2026
2026-02-27 05:00:00 UTCOpen source
DELLDell Technologies Inc.Q3 FY2027 · ends 2026-10-30
1 metric1 newearnings call · 2026-09-02 04:01:35 UTC
2026-09-02 04:01:35 UTC15%new15% vs Q3 FY2026
CSG revenue is expected to be up roughly 15%.
DELL · transcript · Q2 FY2027
2026-09-02 04:00:00 UTCOpen source
DELLDell Technologies Inc.FY2027 · ends 2027-01-29
1 metric1 raisedearnings call · 2026-09-02 04:01:35 UTC
2026-09-02 04:01:35 UTC120%raised +50.0%120% vs FY2026
We expect ISG to grow roughly 120%, driven by AI server revenue up 3x year-over-year to $74 billion.
DELL · transcript · Q2 FY2027
2026-09-02 04:00:00 UTCOpen source
2026-05-29 04:01:27 UTC80%raised +77.8%80% vs FY2026
ISG is expected to grow roughly 80%, driven by $60 billion of AI server revenue at the midpoint, or approximately 2.4x year-over-year.
DELL · transcript · Q1 FY2027
2026-05-29 04:00:00 UTCOpen source
2026-02-27 05:01:41 UTCgrow in the mid-40snew44% – 46% vs FY2026
ISG is expected to grow in the mid-40s, driven by roughly 100% growth in AI revenue.
DELL · transcript · Q4 FY2026
2026-02-27 05:00:00 UTCOpen source
DELLDell Technologies Inc.Q3 FY2027 · ends 2026-10-30
1 metric1 newearnings call · 2026-09-02 04:01:35 UTC
2026-09-02 04:01:35 UTC145%new145% vs Q3 FY2026
We expect ISG to grow roughly 145%, supported by $19 billion in AI server revenue.
DELL · transcript · Q2 FY2027
2026-09-02 04:00:00 UTCOpen source